Moments ago there was yet another step up in the Persian Gulf naval escalation when CNN reported that the U.S. Navy will escort U.S.-flagged cargo ships through Strait of Hormuz in wake of Iran seizure this week, a US official says. Specifically, the Navy will henceforth accompany ships on concern that Iran’s Revolutionary Guard may seize them, CNN’s Jim Sciutto says in Twitter post, citing CNN’s Barbara Starr. It is unclear what happens if either the accompanied cargo ship, or the US Navy warship leaves international waters, and enters Iran territory, which as the Bab el-Mandeb Strait is virtually assured: a strait which as the following US Naval update map has become as busy for US traffic as the 405 Freeway during rush hour.
While many thought the selloff had peaked yesterday, and would henceforth be more orderly, they were proven wrong, when right out of the gates this morning, investors were very, so to say, bunderweight, on the German benchmark govvie and the yield promptly gapped up as high as 0.38% before retracing some of the sharp move higher.
Yes, the anger over the death of Freddie Gray is very real. Police brutality has been a major problem in Baltimore and much of the rest of the nation for many years. But could it be possible that the anger that the people of Baltimore are feeling is being channeled and manipulated for other purposes?
The Baltimore riots may have calmed down but their aftermath remains, and nowhere is it more tangible than what is taking place in Orioles Park right now.
- Police enforce curfew in Baltimore, disperse protesters (Reuters)
- Saudi king resets succession to cope with turbulent times (Reuters)
- Euro-Area Bank Lending Increases for First Time Since 2012 (BBG)
- Riksbank Increases Bond Purchases as Key Rate Left Unchanged (BBG)
- Greek Banks Get More Funds as ECB Weighs Collateral Discount (BBG)
- Greek bank deposits drop 1.36 pct in March for sixth month in a row (Reuters)
- Sarao Remains in Jail After Failing to Pay Bail at Hearing (BBG)
Baltimore "Purge" Continues: National Guard, Police Lockdown City, Deploy Smoke To Enforce Curfew - Live FeedSubmitted by Tyler Durden on 04/28/2015 23:43 -0400
One look at the charts below and one should start wondering just how viable is social media any more as a business model.
"Twitter has likely the greatest array of company-specific catalysts of any company in its sphere this year, including Periscope, core monthly active user (MAU) acceleration from the Google partnership, and new core features like embedded video.... building out the "tail" should allow Twitter to grow well-above average over the next several years. With a global ad load between 1% to 2% and 85% from mobile, we think TWTR has more revenue runway than any other company in the Internet space. Our target is $55."
"...my greater source of personal concern, outrage... is focused upon an American political elite that have shipped middle class and working class jobs away from Baltimore and cities and towns around the US... plunged tens of millions of good hard-working Americans into economic devastation... in order to control an unfairly impoverished population living under an ever-declining standard of living and suffering at the butt end of an ever-more militarized and aggressive surveillance state."
Well, the leak (which ironically came out on Twitter only, and not Facebook) was right, and the full story is even worse than Selerity reported:TWITTER 1Q LOSS PER SHARE 25C; TWITTER INC 1Q ADJ. EPS 7C , EST. 4C.
That much we knew. Here is where it gets worse:
- TWITTER 1Q REV. $ 435.9M, EST. $456.2M
- TWITTER SEES 2Q REV. $470M TO $485M, EST. $538.1M
- TWTR SEES YR REV $2.170B-$2.270B, SAW $2.3B-$2.35B, EST $2.37B
And now perhaps someone will ask how much of Facebook's 1.4 billion "users" are actually real.
It had been a relatively good quarter so far when it comes to leaked earnings... until moments ago when website scouring service Selerity managed to sniff out Twitter results, and they are not pretty.
Update 2: Curiously, while we were confident Iran would deny the report first, it was in fact the US: US NAVY DENIES CONFRONTATION WITH IRANIAN MILITARY: CNBC
Update: WHITE HOUSE REFERS COMMENT ON IRAN SHIP CAPTURE TO DEFENSE DEPT
Moments ago according to Saudi-owned Arabiya news, Iranian forces have seized a US cargo ship, which has some 34 American sailors, which they have taken to the port of Bandar Abbas. Iran's Farsnews confirms the Arabiya report, stating that "a US cargo ship with 34 crew was stopped and seized by Iranian Navy warships on Tuesday. The Iranian Navy has confiscated the American trade vessel with all its 34 crew for trespassing on Iran's territorial waters in the Persian Gulf."
Baltimore "Purge": National Guard Arrives As City Burns, Rioters Warn "Nice Night For A Revolution" - Live WebcastSubmitted by Tyler Durden on 04/27/2015 23:58 -0400
If the DOJ and CFTC is going to be consistent, then they have to indict the entire financial community from the CME, Exchanges, Brokers, Institutions, Investment Banks, Hedge Funds, Management Funds and High Frequency Trading Firms.