A student activist group at the University of Michigan is demanding campus officials provide them with "a permanent designated space on central campus for Black students and students of color to organize and do social justice work."
A number of Standing Rock protesters apparently decided that the North Dakota Governor's eviction notice, which went in effect yesterday at 2pm, was merely a suggestion and overstayed their welcome on federal lands. As such, riot police and Humvees have now been called in to facilitate their immediate departure.
When today's 7Y printed at 2.197% (vs the 6 previous auction average of 1.883%) it tailed the WI of 2.196% by 0.1bp, as once again there were few overhanging shorts to squeeze. The internals were average at best.
“consistent with the stringent ethics rules established by the Trump Administration, Mr Cohn will recuse himself from participating in any matter directly involving his former employer, Goldman Sachs. He will also recuse himself from any matter or potential rulemaking before the CFTC in which Goldman Sachs has participated.”
Construction, engineering and materials stocks are underperforming the market on sudden concerns that in addition to tax reform and Obamacare repeal, another core aspect of Trump's fiscal stimulus, Infrastructure spending, may be delayed by at least two years.
The Chicago public school system has decided to openly defy the president of the United States. More than 392,000 students attend public schools in Chicago, and on Tuesday a letter was sent home with each of those students telling their parents that Chicago schools will not “assist in the enforcement of federal civil immigration law”.
After API's surprise draw across all major categories, DOE reported the 7th weekly crude build in a row (even as crude imports plunged). Gasoline, Distillates, and Cushing all saw draws even as crude production rose to new cycle highs - back above 9mm bbl/d. Gasoline demand saw its biggest annual drop in 16 years.
As part of Lt. Gen McMaster's proposed material changes at the National Security Council, Trump's chief policy advisor, Steve Bannon may soon find himself cut from the top group of top White House security advisors.
When Copper was soaring (2 weeks ago) it 'proved' that China's debt binge had worked and that Trumpian reflation was going to secure global economic growth going forward. Now that Dr.Copper is collapsing - we are not hearing so much about the industrial metal's economic forecasting prowess...
Tesla shares have quickly given up all gains from the better-than-expected earnings as the sell-side awaits more clarity on the cost and capital raise plans. One analyst specifically took aim at the fourth quarter results, calling out the beat as "phantom" given the exclusion of the SolarCity acquisition from consensus estimates.
Germany's central bank reported its smallest profit in more than a decade in 2016 after setting aside a record amount of provisions against future losses on the bonds it is buying as part of the ECB's stimulus programme, its annual report showed on Thursday. "It is fair to ask ... when we can take our foot off the monetary policy pedal," Bundesbank President Jens Weidmann said.