Frontrunning: April 10

Tyler Durden's picture
  • Euro hovers above one-month low as French election nerves grow (Reuters)
  • French Election Risk Reawakens as Bonds Drop, Volatility Jumps (BBG)
  • Hopes fade for U.S. bank earnings despite rally in financial shares (Reuters)
  • Skepticism Grows About Higher Fed Rates Helping Banks’ Margins (BBG)
  • Record Bond Issuance Signals Doubts About Economy (WSJ)
  • Price for Tax Overhaul Makes Bipartisan Deal Unlikely (WSJ)
  • Congress Sinks Into Partisan Morass as Shutdown Threat Looms (BBG)
  • Trump considers trade order that could lead to duties (Reuters)
  •’s Third-Party Sellers Hit By Hackers (WSJ)
  • Nothing Normal About America’s Freakish Winter Weather (BBG)
  • Hedge fund wants to unify BHP's corporate structure, split off U.S. oil (Reuters)
  • U.S. to hold accountable those who commit crimes against 'innocents' (Reuters)
  • Kremlin says Tillerson not meeting Putin (Reuters)
  • South Carolina church shooter to plead guilty to murder in state court (Reuters)
  • Corporate Pension Funds About to Become Huge Players in Bond Markets (BBG)
  • Scarcity effects of QE: A transaction-level analysis in the Bund market (BIS)
  • Rage at abandonment by the state as Egypt's Christians dig graves after bombing (Reuters)
  • Pakistani court sentences accused Indian spy to death (Reuters)
  • Wall Street Cop Said to Purge Contractors as Budget Fight Looms (BBG)
  • Two Indonesians face 100 strokes of cane if found guilty of gay sex (Reuters)
  • What Do You Do With Half a Million Rigged VWs? (BBG)


Overnight Media Digest


- Top U.S. officials dialed up their criticism of Moscow and blasted Syrian leader Bashar al-Assad Sunday, heightening tensions in advance of Secretary of State Rex Tillerson's visit to Russia this week.

- Twin blasts claimed by Islamic State struck Egyptian churches during Palm Sunday services, killing at least 47 people in an escalating campaign of terrorism against the country's Christian population.

- Mondelez International Inc is preparing to look for a successor to its chief executive, Irene Rosenfeld, as the snack giant faces pressure from restive shareholders and the broad shift to healthier eating habits.

- Chinese conglomerate HNA Holding Group Co said Sunday it has made an offer to buy all the shares of Singapore-listed logistics and warehousing firm CWT Ltd , the latest in a series of deals by the Chinese company.



- The British regulator will rule next month on whether 21st Century Fox can buy the rest of Sky, the British satellite and news giant.

- China's anti-corruption investigators are targeting the country's top insurance regulator, throwing doubt over an industry that has been behind a wave of blockbuster global deals but has raised concerns about financial risk in the world's second-largest economy.

- Secretary of State Rex W. Tillerson is taking a hard line against Russia on the eve of his first diplomatic trip to Moscow, calling the country "incompetent" for allowing Syria to hold on to chemical weapons and accusing Russia of trying to influence elections in Europe using the same methods it employed in the United States.

- 21st Century Fox has enlisted the law firm Paul, Weiss, Rifkind, Wharton & Garrison to investigate at least one accusation of sexual harassment against Fox News host Bill O' Reilly.




** Bombardier Inc appears unable to shake off public anger over hefty pay packages to its senior executives. Protesters gathered outside Premier Phillippe Couillard's Montreal offices on Sunday to protest how the executives are compensated.

** Oxford Properties Group and technology startup accelerator OneEleven are aiming to turn Toronto into the next San Francisco with Union Park, a long-term redevelopment of Front Street meant to transform it into a downtown innovation cluster.

** The British Columbia election battle for seats in one of the province's fastest-growing cities is under way with both major parties Sunday promising cuts or elimination of tolls on a major Surrey bridge.


** Most aboriginal communities in northern British Columbia impacted by the Northern Gateway pipeline supported the C$7.9 billion ($5.90 billion) project and are angry Prime Minister Justin Trudeau rejected it, say representatives of three First Nations.

** Looking to boost revenues and create a pipeline of future international students, some British Columbia universities are turning to a novel idea - letting Chinese companies open private high schools on their campuses.



The Times

* Shaftesbury, the owner of large chunks of Soho and Covent Garden, is braced for a bid from a reclusive Hong Kong billionaire, Samuel Tak Lee, who has yet to meet the company.

* Lloyds would not have gone ahead with the disastrous deal to save HBOS if the failed bank's managers had admitted what they knew about the huge fraud at its Reading branch, according to confidential documents.

The Guardian

* More than a quarter of a million customers of payday loan firm Wonga are being warned that their personal data may have been stolen in a data breach at the firm.

The Telegraph

* U.S. based TSG Consumer Partners splashed out 213 million pounds for a 22 percent holding in Scotland-based brewer Brewdog, valuing the business at almost 1 billion pounds.

* Thailand based Minor International, which has 140 hotels largely in Asia, said the fall in the value of the pound had made the company more determined to find a site for its first UK hotel.

Sky News

* Associated British Foods has appointed headhunter Spencer Stuart to identify a successor to Charles Sinclair, who has led the company for exactly eight years, according to Sky News.

* Drax Group, which operates the Yorkshire coal-fired power plant of the same name, is braced for substantial opposition to its 2016 pay report at its annual meeting on Thursday, according to Sky News.

The Independent

* The U.S. Department of Labour has accused internet giant Google of not paying women employees the same as men.


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lester1's picture

1. Who is manipulating silver prices down?


2. You can't hack voting machines that aren't connected to the internet.


3. Liberals and globalists really piss me off. They are a cancer on us average working class people.

Arnold's picture

The U.S. Department of Labour has accused internet giant Google of not paying women employees the same as men.

Do no Evil.

Fahq Yuhaad's picture

Men and women are paid equally, especially the men.

847328_3527's picture

The Target boycott cost more than anyone expected

The boycott cost the company millions in lost sales and added expenses. Shopper traffic and same-store sales started sliding for the first time in years after the blog post, and the company was forced to spend $20 million installing single-occupancy bathrooms in all its stores to give critics of the policy more privacy.

Critics of the policy said it opened the door for sexual predators to victimize women and children inside the retailer's bathrooms, and more than 1.4 million people signed a pledge to stop shopping at Target unless it reversed the policy.

Sales fell nearly 6% in the three quarters after the post compared with the same period last year, and same-store sales have dropped every quarter since the post.

"We took a stance, and we are going to continue to embrace our belief of diversity and inclusion," Cornell said in an interview with CNBC in May.


Another CEO completely disconnected from the American middle class.

Fahq Yuhaad's picture

Solution: crap and piss on the store floor.

Market Rage's picture

Bulls have to come out hard at the open or we should see another decent move lower.  SPX~2330

CheapBastard's picture

Iowa just lost half its Obamacare insurers


“If you want to keep your health insurance, you can keep your health insurance. I promise!”


~ bin Bama

insanelysane's picture


Proof that we live in a Corporatocracy with the police to do the bidding of the corporations.  Buying an airline ticket and bording the airplane legally doesn't mean you get to fly.