Saks

Flying Is About To Get Even More Miserable...Well, At Least For Poor People

At a time when you would think the airlines would be a little more image conscious, you know because of that whole beating customers and dragging them off the plane thing that United did, they're apparently doubling down on efforts to make "Flying The Friendly Skies" the most miserable experience ever. 

Frontrunning: March 15

  • What to watch at the Fed meeting (FT)
  • Dutch vote in test of anti-elite sentiment in Europe (Reuters)
  • Where Are the Battlegrounds in the Dutch Election? (BBG)
  • Erdogan says Dutch have ‘rotten character’ as row escalates (FT)
  • How the Fed Convinced Markets It’ll Raise Rates This Week (BBG)
  • GOP Senators Say Health Bill Won’t Pass Unless Changed (WSJ)

BCBG Max Azria Files For Bankruptcy

BCBG Max Azria, known for party dresses worn by celebrities including Selena Gomez and Drew Barrymore, became the latest casualty of the struggling US retail sector. It listed assets in the range of $100 million to $500 million and liabilities in the range of $500 million to $1 billion.

Nordstrom Folds To "Grab Your Wallet" Protesters: Dumps Ivanka Trump's Clothing Line

Despite Macy's, Saks, and Zappos still carrying Ivanka Trump's fashion lines, it appears Nordstrom has folded to the liberal intelligentisia's "Grab Your Wallet" protests, demanding a boycott of retailers carrying Trump merchandise, as the department store stated today that it will no longer sell Ivanka Trump's eponymous clothing and accessories.

Retailers Panic: 63% Of Americans Plan Not To Shop On Black Friday

According to a Reuters poll, some 63%, or nearly two-thirds, of US adults did not plan to shop on Black Friday this year. Some 32% said they plan to finish about half of their holiday shopping on that day. As a result "shocked" US retailers are doing everything they can in their scramble for market share.

Frontrunning: May 18

  • Stocks sag as U.S. rate rise expectations revive (Reuters)
  • Clinton, Sanders hit final stretch of nominating contest (Reuters)
  • Bernie Sanders Wins in Oregon, But He Needed Kentucky, Too (NBC)
  • Clinton less than 100 delegates from nomination (The Hill)
  • Trump needs 66 delegates to officially clinch nomination (The Hill)
  • Japan GDP Rebound Not Enough to Stave Off Stimulus (WSJ)

Frontrunning: February 11

  • Gold Roars to One-Year High as Turmoil Drives Safe Haven Demand (BBG)
  • Banking Stocks Pummeled in Europe (WSJ)
  • Dollar, stocks plunge sparks scramble for safety (Reuters)
  • Nymex Crude Slips Below $27 a Barrel (WSJ)
  • No Respite for S&P 500 as U.S. Stock Futures Join Global Selloff (BBG)

Frontrunning: December 15

  • Global stocks rise but oil, Fed keep investors nervous (Reuters)
  • Janet Yellen: An orthodox economist for unorthodox times (Reuters)
  • House Democrats Said to Be Open to Lifting Oil Export Ban (BBG)
  • Don't Count on an Oil Rally If U.S. Crude Export Ban Is Lifted (BBG)
  • Germany welcomes 34-state Islamic military alliance against terrorism (Reuters)
  • U.S. soldier Bergdahl may face life sentence in court-martial over desertion (Reuters)

Frontrunning: June 15

  • Tsipras Hardens Greek Stance After Collapse of Talks (BBG)
  • Obama Fights to Save Trade Bill (WSJ)
  • German Stock Market Pain Seen Just Beginning Should Greece Exit (BBG)
  • Russia to boost forces in western flank if U.S. stations arms in east Europe (Reuters)
  • Lab Nears Settlement Over Pricey Medicare Drug Tests (WSJ)
  • China's $358 Billion in Margin Loans Points to Next Bear Market (BBG)
  • Draghi Faces EU Court Ruling on 2012 Bond Plan as Greece Teeters (BBG)
  • Sex, lies and debt potentially exposed by U.S. data hack (Reuters)

European Stocks Slide, Greece Tumbles But US BTFDers Emerge After Collapse In Greek Bailout Talks

European shares remain lower, close to intraday lows, with the banks and autos sectors underperforming and food & beverage, retail outperforming. Tsipras hardens Greek stance after collapse of bailout talks. The Italian and Swedish markets are the worst-performing larger bourses, the U.K. the best. The euro is weaker against the dollar. Greek 10yr bond yields rise; Spanish yields increase. Commodities decline, with copper, nickel underperforming and natural gas outperforming. U.S. Empire manufacturing, net TIC flows, NAHB housing market index, industrial production, capacity  utilization due later.