Berkshire Hathaway

Frontrunning: June 23

  • One year after Brexit: Forget euro zone breakup, sterling now deemed riskier (Reuters)
  • Senate Holdouts Seek Upper Hand in Perilous Health Bill Talks (BBG)
  • Trump’s Tape Ruse Risks Fresh Legal Jeopardy in Russia Probe (BBG)
  • Arab states demand Qatar closes Jazeera, cuts back ties to Iran (Reuters)
  • Qatar Seen Rejecting List of Severe Demands to End Gulf Crisis (BBG)

Frontrunning: June 22

  • European stock markets stumble as oil languishes near lows (Reuters)
  • Some Trump Aides Want a New Leader at the Fed (BBG)
  • Goal of Saudi Shake-Up: Drag Country Into the Modern Era (WSJ)
  • Under fire in Washington, Trump back in campaign mode in Iowa (Reuters)
  • Revenue Slides at Some Trump Businesses, but Vegas Tower Brings Windfall (WSJ)

Buffett Stuns Market After Berkshire Acquires 38.4% Of Home Capital Group, Provides C$2 Billion Loan

In a stunning development involving Canada's largest alternative lender which as recently as a month ago was facing virtually certain insolvency after a furious depositor run drained it of liquidity, overnight Home Capital Group Inc said billionaire Warren Buffett's Berkshire Hathaway Inc will provide a new C$2 billion ($1.50 billion) line of credit to its unit Home Trust Co, ending the Canadian lender's strategic review process.

The Value Of "Lunch With Warren Buffett" Plunges 22%

The winning bidder in legendary investor Warren Buffett’s annual charity auction has pledged $2.68 million for the privilege of eating lunch with the billionaire investor... about $800,000 shy of the record sum of $3,456,789 paid in 2016.

Frontrunning: June 9

  • UK voters deal May a crushing blow (Reuters)
  • May Fights to Remain U.K. Premier After Election Debacle (BBG)
  • Warning of U.S. desertion, EU chief calls for European defense (Reuters)
  • EU Turns Schadenfreude Up to Maximum After May Election Disaster (BBG)
  • Dollar cleans up as UK election shock stuns sterling (Reuters)
  • Trump tweets on Comey, declares ‘total vindication’ (AP)

Frontrunning: May 5

  • A kinder, gentler Trump for third healthcare try (Reuters)
  • Senate Moves Obamacare Repeal to Slow Lane After House Squeaker (Bloomberg)
  • 14 Players to Watch in Senate Health-Care Overhaul (WSJ)
  • Futures flat ahead of jobs report; IBM drops (Reuters)
  • Oil Stems Losses in Volatile Trading (WSJ)

Oil Fireworks Unsettle Global Markets Ahead Of Payrolls Report

With all eyes on crude, following last night's mini flash crash which sent WTI lower by 3% from just above $45 to under $43 in under 10 minutes, equity markets, generally quiet overnight, have taken on a secondary importance ahead of today's key risk event, the April payrolls report. In global equities, Asian and European stocks are lower, while S&P futures are little changed.