Ford

Stocks Dazed After Trump NAFTA Flop, Tax Plan Disappointment; ECB Looms

European shares are lower, pressured by disappointing results by Deutsche Bank and ending a six-session gain, as Asian equities and S&P futures were little changed after a record-setting rally in world stocks which pushed the MSCI World index to over $50 trillion yesterday, fizzled after Trump released unconvincing tax cut plans prompting traders to "sell the news" while caution set in as the ECB met.

Venezuela Seizes General Motors Car Plant

"Yesterday, GMV's (General Motors Venezolana) plant was unexpectedly taken by the public authorities, preventing normal operations. In addition, other assets of the company, such as vehicles, have been illegally taken from its facilities," GM said in a statement.

Chinese Carmakers, Volkswagen, BMW Roll Out "Tesla Killers"

The much anticipated Tesla Model 3 has yet to be released and already a groundswell of electric car competition is forming to challenge Elon Musk's upcoming offering. Start in China, where the Model 3 is not due to arrive until next year, but already Chinese-funded, smart, connected plug-in car start-ups are scrambling to launch "Tesla killer" cars to go head-to-head against Tesla "mass market" sedan.

On The Left's Descent To Fascism

The Left is morally and fiscally bankrupt, devoid of coherent solutions, and corrupted by its embrace of the Corporatocracy. Its descent to fascism has too much momentum to be stopped. Isn't it obvious that the only way forward is to jettison both the Left and Right flavors of state-cartel Corporatocracy and pave a third way?

"Hell To Pay"

"No doubt, there’s hell to pay for 100 years of ever escalating financial insanity.  Take it in stride.  The downside is here and it’s not going away any time soon."

Facebook Killer Manhunt Continues - Cops Warn "May Be Out-Of-State"

Amid hundreds of tips - direct to law enforcement officials and across social media - Cleveland police warned early Monday that residents in Pennsylvania, New York, Indiana and Michigan should be on the lookout for 37-year-old Steve Stephens, who is driving a white Ford Fusion and is believed to be armed and dangerous. "Suspect may be out-of-state at this time...Those outside of Northeast Ohio: Contact Local Authorities."

Tesla Faces New Model 3 Delay As German Workers Threaten Strike; More Headaches For Musk Emerge

Tesla is facing a potential strike at its new German subsidiary: the German Trade Union IG Metall has warned that it is exploring a worker strike at Tesla Grohmann. The machines built at Tesla Grohmann are used to manufacture the Model 3 and as a result, the car's production start in July could face another imminent delay. Meanwhile, Elon Musk faces even more headaches...

Pulling Levers To Steer The Machine

Self-respecting witch doctors and fortune tellers look at Ms. Yellen with contempt. She can make the economy worse. She can’t make it better.

Frontrunning: April 13

  • Trump comments trigger U.S. dollar, bond yield slide (Reuters)
  • N. Korea Nuclear Test Could Come Saturday or Sooner, Sources Say (VoA)
  • Fear Is Creeping Back Into Markets (BBG)
  • Trump Liking Yellen Ignites Prospects for Fed Policy Continuity (BBG)
  • CEOs gaining power in Trump’s White House (Politico)