We finally got confirmation of news from two days ago that a German nuclear power plant had been infected with malware after Reuters reports that the nuclear power plant was indeed infected with not one but several computer viruses. But don't worry, Reuters is quick to calm a concerned public, "they appear not to have posed a threat to the facility's operations because it is isolated from the Internet, the station's operator said on Tuesday." The Gundremmingen plant in question is located about 120 km (75 miles) northwest of Munich, is run by the German utility RWE.
“When the facts change, I change; What then do you do, Sir?” The facts are changing in the world of crude oil; demand is still rather strong and supplies seem to be rising but only modestly. Further, the term structures are shifting. We had been, on balance and really quite openly, bearish of crude for the past several years, erring always to sell crude’s rallies rather than to buy crude’s weakness. That has been wrong for the past two months and it is time to acknowledge that “wrongness.” If the facts are indeed changing… and certainly they seem to be… then we too must change.
Overnight things went from comical to farcical overnight when the Venezuela gift kept on giving, and the nation expanded the three-day weekend to five days, declaring a two-day work week for government workers, adding it was seeking international help to save its power grid amid a drought that threatens the capital’s main source of electricity. The two-day work week, after the government added Wednesdays and Thursdays as non-working days to save more power.
- Trump, Clinton press closer to general election showdown (AP)
- Acela primaries: Winners, losers (Hill)
- Trump Says He's `Presumptive Nominee' as Clinton Wins Four (BBG)
- In the battle for Hollywood endorsements - and cash - Clinton rules (Reuters)
- U.S. Oil Rises Above $45 a Barrel for First Time Since November (BBG)
- Spin: Near-Zero Growth Happens Often in Slow-Motion U.S. Economy (BBG)
"We Are Disappointed" - Goldman Removes Apple From "Conviction Buy" List, Cuts Price Target From $155 To $136Submitted by Tyler Durden on 04/27/2016 - 06:51
The tide has finally turned on what until recently was every sellside analyst's favorite stock.
For those who thought that the world's biggest company losing over $40 billion in market cap in an instant on disappointing Apple earnings, would have been sufficient to put a dent in US equity futures, we have some disappointing news: with just over 7 hours until the FOMC reveals its April statement, futures are practically unchanged, even though the Nasdaq appears set for an early bruising in the aftermath of what is becoming a disturbing quarter for tech companies. Instead of tech leading, however, the upside has once again come from the energy complex where moments ago WTI rose above $45 a barrel for the first time since November after yesterday's unexpected 1.07 million barrel API inventory drawdown.
If you have a lot of disposable cash, and a desire to go swimming 28 storeys above the Manhattan streets in a pool connecting two buildings, you're in luck.
On the 30th anniversary of the world’s worst nuclear catastrophe yet, a new report shows radioactive contamination from the 1986 explosion at Chernobyl in Ukraine still lingers in startlingly large amounts across the border in neighboring Belarus. In an exclusive report by the Associated Press, fresh milk from a Belarusian dairy farm contained a radioactive isotope, traceable to the Chernobyl disaster, at “levels 10 times higher than the nation’s food safety limits” - thirty years after the accident occurred.
The Swedish Expressen newspaper reported that the country's security service received information from their Iraqi colleagues about an imminent terror threat in the country. About seven to eight Islamic State terrorists arrived in Sweden to carry out attacks in Stockholm, Expressen sources claimed and added that "according to the information, the terrorists are planning to attack civilian targets in the capital.'
Despite surging commodity prices in China - which must be real and represent demand growth and price increases, right? - Aussie core inflation slowed to the weakest on record as headline prices unexpectedly fell last quarter (CPI -0.2%). RBA Rate-cut odds tripled instantly sending AUD down over 1.2% (its biggest drop in 2 months). Perhaps, just perhaps, that collossal credit injection in Q1 via China did not make it into the AsiaPac economy after all and merely fueled a speculative frenzy in commodities that merely "looks" like a recovery?
Hillary 4 - 1 Bernie As The Donald Sweeps 5 East Coast Primaries: "As Far As I'm Concerned, It's Over"Submitted by Tyler Durden on 04/26/2016 - 23:09
With the help of automated eyes and ears, a growing arsenal of high-tech software, hardware and techniques, government propaganda urging Americans to turn into spies and snitches, as well as social media and behavior sensing software, government agents are spinning a sticky spider-web of threat assessments, behavioral sensing warnings, flagged “words,” and “suspicious” activity reports aimed at snaring potential enemies of the state. It’s the American police state’s take on the dystopian terrors foreshadowed by George Orwell, Aldous Huxley and Phillip K. Dick all rolled up into one oppressive pre-crime and pre-thought crime package.
This afternoon Jeffrey Gundlach held one of his periodic interviews with Reuters' Jenna Ablan in which he said that the selloff in Treasurys is over and that investors looking to purchase Treasuries in the wake of the bond market's sell-off - if one can call a move in the 10Y to 1.91% a selloff - are making a prudent move. "I think it is a reasonable strategy to start legging into the Treasury market."
For all the pledges of eternal love, it’s an open secret in the Beltway that the House of Saud is the object of bipartisan contempt; and their purchased support, when push comes to shove, may reveal itself to be worthless. Now picture a geopolitical no exit with a self-cornered House of Saud having both superpowers, the US and Russia, as their enemies.