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Here Are The Paths To Victory For Biden And Trump (4/29/2024)
Here Are The Paths To Victory For Biden And Trump As the 2024 election approaches, a handful of swing states will actually determine the race. Here, we look at various paths to victory for both President Joe Biden and former President Donald Trump. TL;DR – while national polls have Biden and Trump roughly tied – when it comes to the electoral college, Biden essentially has to win a ‘blue wall’ of states, plus one more electoral vote. For Trump – “If the election were held now and the polling with …
Here Are The Paths To Victory For Biden And Trump As the 2024 election approaches, a handful of swing states will actually determine the race. Here, we look at various paths to victory for both President Joe Biden and former President Donald Trump. TL;DR – while national polls have Biden and Trump roughly tied – when it comes to the electoral college, Biden essentially has to win a ‘blue wall’ of states, plus one more electoral vote. For Trump – “If the election were held now and the polling with …
Rabobank: Biden's Dire Rating On His Handling Of The Economy Is Remarkable (4/29/2024)
Rabobank: Biden’s Dire Rating On His Handling Of The Economy Is Remarkable By Benjamin Picton, senior strategist at Rabobank The S Word Last week the data caught up with the public mood. Annualized US GDP for Q1 was +1.6%, well below the 2.5% consensus estimate and even below the most pessimistic estimate of +1.7% in the Bloomberg survey. Meanwhile, core PCE printed at 3.7%. Well up on the Q4 print of 2% and substantially above the consensus estimate of 3.4%. Lower growth and higher inflation has sparked conjecture that the …
Rabobank: Biden’s Dire Rating On His Handling Of The Economy Is Remarkable By Benjamin Picton, senior strategist at Rabobank The S Word Last week the data caught up with the public mood. Annualized US GDP for Q1 was +1.6%, well below the 2.5% consensus estimate and even below the most pessimistic estimate of +1.7% in the Bloomberg survey. Meanwhile, core PCE printed at 3.7%. Well up on the Q4 print of 2% and substantially above the consensus estimate of 3.4%. Lower growth and higher inflation has sparked conjecture that the …
Ukraine Army Chief Admits 'Tactical' Retreat Underway (4/29/2024)
Ukraine Army Chief Admits ‘Tactical’ Retreat Underway The Commander-in-Chief of the Armed Forces of Ukraine Oleksandr Syrskyi has just issued a new dire assessment confirming widespread international reports that Ukraine forces are getting beaten back from the frontlines. He has confirmed that his outnumbered troops have fallen back to new positions on the eastern front, west of the villages of Berdychi and Semenivka, outside of Avdiivka – and near Novomykhailivka. Gen. Syrskyi has essentially admitted for the first time that a ‘tactical’ retreat is underway. “The situation at the front has worsened,” …
Ukraine Army Chief Admits ‘Tactical’ Retreat Underway The Commander-in-Chief of the Armed Forces of Ukraine Oleksandr Syrskyi has just issued a new dire assessment confirming widespread international reports that Ukraine forces are getting beaten back from the frontlines. He has confirmed that his outnumbered troops have fallen back to new positions on the eastern front, west of the villages of Berdychi and Semenivka, outside of Avdiivka – and near Novomykhailivka. Gen. Syrskyi has essentially admitted for the first time that a ‘tactical’ retreat is underway. “The situation at the front has worsened,” …
Early Tests Find Pasteurization Killed Bird Flu In Milk: FDA (4/29/2024)
Early Tests Find Pasteurization Killed Bird Flu In Milk: FDA Authored by Zachary Stieber via The Epoch Times (emphasis ours), Results from early testing show that pasteurization killed highly pathogenic avian influenza in milk, the U.S. Food and Drug Administration (FDA) says. Containers of milk in El Paso, Texas, on March 17, 2021. (Jose Luis Gonzalez/Reuters) Results from “an initial limited set of geographically targeted samples” show that “pasteurization is effective in inactivating” the influenza, commonly known as the bird flu, the FDA said in an April 26 update. The …
Early Tests Find Pasteurization Killed Bird Flu In Milk: FDA Authored by Zachary Stieber via The Epoch Times (emphasis ours), Results from early testing show that pasteurization killed highly pathogenic avian influenza in milk, the U.S. Food and Drug Administration (FDA) says. Containers of milk in El Paso, Texas, on March 17, 2021. (Jose Luis Gonzalez/Reuters) Results from “an initial limited set of geographically targeted samples” show that “pasteurization is effective in inactivating” the influenza, commonly known as the bird flu, the FDA said in an April 26 update. The …
Key Events This Extremely Busy Week: Fed, Treasury Refunding, Jobs, JOLTS, ISM And Tons Of Earnings (4/29/2024)
Key Events This Extremely Busy Week: Fed, Treasury Refunding, Jobs, JOLTS, ISM And Tons Of Earnings As DB’s Jim Reid notes, with just two days left in a rollercoaster April for markets – and FX – last week actually saw the best week for the S&P 500 (+2.67%) and NASDAQ (+4.23%) since November, following several weeks of declines, as earnings gave markets a boost even if the US inflation data was on net worrying. And while the month is almost over, the new week is just starting and as Reid …
Key Events This Extremely Busy Week: Fed, Treasury Refunding, Jobs, JOLTS, ISM And Tons Of Earnings As DB’s Jim Reid notes, with just two days left in a rollercoaster April for markets – and FX – last week actually saw the best week for the S&P 500 (+2.67%) and NASDAQ (+4.23%) since November, following several weeks of declines, as earnings gave markets a boost even if the US inflation data was on net worrying. And while the month is almost over, the new week is just starting and as Reid …
Biden Embraces G20-Proposed 2% Wealth Tax To Battle 'Racial Wealth Inequality' (4/29/2024)
Biden Embraces G20-Proposed 2% Wealth Tax To Battle ‘Racial Wealth Inequality’ Authored by Mike Shedlock via MishTalk.com, Biden and Yellen support a global minimum tax on corporations. And a new wealth tax scheme is now in the works… Watch Out for a Global Wealth Tax The Wall Street Journal says Watch Out for a Global Wealth Tax In our new socialist age, the demand to tax and redistribute income is insatiable. The latest brainstorm arrives in a proposal by four countries in the G-20 group of nations to impose a 2% …
Biden Embraces G20-Proposed 2% Wealth Tax To Battle ‘Racial Wealth Inequality’ Authored by Mike Shedlock via MishTalk.com, Biden and Yellen support a global minimum tax on corporations. And a new wealth tax scheme is now in the works… Watch Out for a Global Wealth Tax The Wall Street Journal says Watch Out for a Global Wealth Tax In our new socialist age, the demand to tax and redistribute income is insatiable. The latest brainstorm arrives in a proposal by four countries in the G-20 group of nations to impose a 2% …
Biden Looks To Prevent Future President From Ending Ukraine War With 10-Year Agreement (4/29/2024)
Biden Looks To Prevent Future President From Ending Ukraine War With 10-Year Agreement Soon on the heels of President Biden last week signing into law a $61 billion aid package for Ukraine’s defense, President Volodymyr Zelensky on Sunday indicated that he’s working with Washington on a bilateral security agreement which would last ten years. “We are already working on a specific text,” Zelensky said in his nightly video address. “Our goal is to make this agreement the strongest of all.” Ukrainian Presidential Press Office via AP “We are discussing the specific foundations …
Biden Looks To Prevent Future President From Ending Ukraine War With 10-Year Agreement Soon on the heels of President Biden last week signing into law a $61 billion aid package for Ukraine’s defense, President Volodymyr Zelensky on Sunday indicated that he’s working with Washington on a bilateral security agreement which would last ten years. “We are already working on a specific text,” Zelensky said in his nightly video address. “Our goal is to make this agreement the strongest of all.” Ukrainian Presidential Press Office via AP “We are discussing the specific foundations …
Intervention Or Not, Yen Bears Will Stay Confident (4/29/2024)
Intervention Or Not, Yen Bears Will Stay Confident By Vassilis Karamanis, Bloomberg Markets Live reporter and FX strategist Unless Japanese authorities show their hand with conviction when it comes to intervening in the spot market, the yen is bound to stay under pressure over the medium-term. The currency’s sharp rally this morning certainly looks like an intervention — it’s not often that we get a 500-pip move seemingly out of nowhere. But thin liquidity due to a public holiday in Japan that forced algorithmic trading to take over as trailing …
Intervention Or Not, Yen Bears Will Stay Confident By Vassilis Karamanis, Bloomberg Markets Live reporter and FX strategist Unless Japanese authorities show their hand with conviction when it comes to intervening in the spot market, the yen is bound to stay under pressure over the medium-term. The currency’s sharp rally this morning certainly looks like an intervention — it’s not often that we get a 500-pip move seemingly out of nowhere. But thin liquidity due to a public holiday in Japan that forced algorithmic trading to take over as trailing …
“Much Milder Than Feared”: Philips Shares Soar 43% After US Sleep Apnea Settlement (4/29/2024)
“Much Milder Than Feared”: Philips Shares Soar 43% After US Sleep Apnea Settlement Shares of Royal Philips on Euronext Amersterdam surged as much as 43% Monday, the most on record after a lower-than-expected settlement in the US linked to faulty Respironics ventilators for sleep apnea. The Dutch medical equipment manufacturer recalled the therapy devices due to concerns that the noise-canceling foam inside them was disintegrating, which patients inhaled. Some Wall Street analysts predicted the company would have to spend as much as $4.5 billion to $10 billion to cover the medical monitoring class-action lawsuit and individual personal injury …
“Much Milder Than Feared”: Philips Shares Soar 43% After US Sleep Apnea Settlement Shares of Royal Philips on Euronext Amersterdam surged as much as 43% Monday, the most on record after a lower-than-expected settlement in the US linked to faulty Respironics ventilators for sleep apnea. The Dutch medical equipment manufacturer recalled the therapy devices due to concerns that the noise-canceling foam inside them was disintegrating, which patients inhaled. Some Wall Street analysts predicted the company would have to spend as much as $4.5 billion to $10 billion to cover the medical monitoring class-action lawsuit and individual personal injury …
Weaker Growth And Higher Inflation… Why Consensus Was Wrong (4/29/2024)
Weaker Growth And Higher Inflation… Why Consensus Was Wrong Authored by Daniel Lacalle, The weak GDP figure for the first quarter came with a double negative. Poor consumer spending and exports, plus a rise in core inflation, The US administration’s enormous fiscal stimulus, underscores the importance of considering the weaker-than-expected data. A deceleration in consumer spending, a decline in the personal savings ratio to 3.6%, and poor exports added to a set of figures for investment that were also negative when we looked at the details. The gross domestic product is much …
Weaker Growth And Higher Inflation… Why Consensus Was Wrong Authored by Daniel Lacalle, The weak GDP figure for the first quarter came with a double negative. Poor consumer spending and exports, plus a rise in core inflation, The US administration’s enormous fiscal stimulus, underscores the importance of considering the weaker-than-expected data. A deceleration in consumer spending, a decline in the personal savings ratio to 3.6%, and poor exports added to a set of figures for investment that were also negative when we looked at the details. The gross domestic product is much …
'Anti-White' Scottish First Minister Quits After Disastrous 'Hate Crime Law' (4/29/2024)
‘Anti-White’ Scottish First Minister Quits After Disastrous ‘Hate Crime Law’ Scotland’s leader Humza Yousaf resigned on Monday, quitting as head of the pro-independence Scottish National Party (SNP) after scrapping a coalition agreement with Scotland’s Greens. He then failed to secure enough support to survive votes of no confidence against him expected later this week. Yousaf, born to Pakistani immigrants in Glasgow, built an infamous reputation as a woke activist politician going into the 2023 elections. His rabid pro-immigration stance and consistent arguments in favor of DEI (Diversity, Equity and Inclusion) …
‘Anti-White’ Scottish First Minister Quits After Disastrous ‘Hate Crime Law’ Scotland’s leader Humza Yousaf resigned on Monday, quitting as head of the pro-independence Scottish National Party (SNP) after scrapping a coalition agreement with Scotland’s Greens. He then failed to secure enough support to survive votes of no confidence against him expected later this week. Yousaf, born to Pakistani immigrants in Glasgow, built an infamous reputation as a woke activist politician going into the 2023 elections. His rabid pro-immigration stance and consistent arguments in favor of DEI (Diversity, Equity and Inclusion) …
Futures Rise, Yen Downgraded To Banana Republic Currency After Another Rollercoaster Session (4/29/2024)
Futures Rise, Yen Downgraded To Banana Republic Currency After Another Rollercoaster Session US equity futures swung between gains and losses and traded near session highs as US traders walked to their desks on Monday morning after a rollercoaster day for the Japanese yen, which increasingly looks like some 3rd world banana republic currency instead of belonging to the world’s 3rd largest economy, and which first plunged below 160 vs the USD – the lowest level since 1990 amid dismal volumes thanks to the Japanese market holiday on Monday – only …
Futures Rise, Yen Downgraded To Banana Republic Currency After Another Rollercoaster Session US equity futures swung between gains and losses and traded near session highs as US traders walked to their desks on Monday morning after a rollercoaster day for the Japanese yen, which increasingly looks like some 3rd world banana republic currency instead of belonging to the world’s 3rd largest economy, and which first plunged below 160 vs the USD – the lowest level since 1990 amid dismal volumes thanks to the Japanese market holiday on Monday – only …
After Overnight Collapse To 34-Year-Lows, Yen Surges In Apparent 'Intervention' (4/29/2024)
After Overnight Collapse To 34-Year-Lows, Yen Surges In Apparent ‘Intervention’ The Japanese Yen strengthened sharply overnight after crashing to its lowest level since April 1990, breaking 160/USD. The FT reports that traders in Hong Kong, Australia and London said it was “highly likely” that the recovery was due to Japan’s finance ministry selling dollar reserves and purchasing the Japanese currency for the first time since late 2022. While analysts suggested the size and speed of the jump smacked of intervention, some traders questioned that conclusion and said Japanese banks sold …
After Overnight Collapse To 34-Year-Lows, Yen Surges In Apparent ‘Intervention’ The Japanese Yen strengthened sharply overnight after crashing to its lowest level since April 1990, breaking 160/USD. The FT reports that traders in Hong Kong, Australia and London said it was “highly likely” that the recovery was due to Japan’s finance ministry selling dollar reserves and purchasing the Japanese currency for the first time since late 2022. While analysts suggested the size and speed of the jump smacked of intervention, some traders questioned that conclusion and said Japanese banks sold …
Tesla Jumps After China Greenlights Full-Self Driving With Baidu (4/29/2024)
Tesla Jumps After China Greenlights Full-Self Driving With Baidu Tesla shares jumped in premarket trading in New York after Bloomberg reported that Beijing had given Tesla the ‘greenlight’ to roll out its driver-assistance system, known as “Full Self-Driving,” or FSD, in the world’s largest car market. Sources say Tesla will partner with Chinese tech giant Baidu for mapping and navigation software to support FSD. Tesla also has multiple data security and privacy requirements that satisfy the country’s regulators. In a separate report, The Wall Street Journal said, “Beijing has tentatively approved the company’s plan to launch FSD.” …
Tesla Jumps After China Greenlights Full-Self Driving With Baidu Tesla shares jumped in premarket trading in New York after Bloomberg reported that Beijing had given Tesla the ‘greenlight’ to roll out its driver-assistance system, known as “Full Self-Driving,” or FSD, in the world’s largest car market. Sources say Tesla will partner with Chinese tech giant Baidu for mapping and navigation software to support FSD. Tesla also has multiple data security and privacy requirements that satisfy the country’s regulators. In a separate report, The Wall Street Journal said, “Beijing has tentatively approved the company’s plan to launch FSD.” …
When Life Imitates Apocalypse Culture… (4/29/2024)
When Life Imitates Apocalypse Culture… Authored by Mark Jeftovic via BombThrower.com, Real world “cancer cure” eerily mirrors zombie flick setup If anybody remembers the opening segment from the Will Smith zombie apocalypse flick I Am Legend, it starts with a comically ironic scene wherein a precocious female scientist, endearingly played by Emma Thompson proudly announces a “cure for cancer” that involves reprogramming the measles virus to act more beneficially toward its human host – thereby eradicating cancer cells, and thus, the disease itself: The scene cuts… to the apocalyptic fall …
When Life Imitates Apocalypse Culture… Authored by Mark Jeftovic via BombThrower.com, Real world “cancer cure” eerily mirrors zombie flick setup If anybody remembers the opening segment from the Will Smith zombie apocalypse flick I Am Legend, it starts with a comically ironic scene wherein a precocious female scientist, endearingly played by Emma Thompson proudly announces a “cure for cancer” that involves reprogramming the measles virus to act more beneficially toward its human host – thereby eradicating cancer cells, and thus, the disease itself: The scene cuts… to the apocalyptic fall …
Who Has Savings In This Economy? (4/29/2024)
Who Has Savings In This Economy? Two full years of inflation have taken their toll on American households. In 2023, the country’s collective credit card debt crossed $1 trillion for the first time. So who is managing to save money in the current economic environment? Visual Capitalist’s Pallavi Rao visualizes the percentage of respondents to the statement “I have money leftover at the end of the month” categorized by age and education qualifications. Data is sourced from a National Endowment for Financial Education (NEFE) report, published last month. The survey for NEFE was conducted …
Who Has Savings In This Economy? Two full years of inflation have taken their toll on American households. In 2023, the country’s collective credit card debt crossed $1 trillion for the first time. So who is managing to save money in the current economic environment? Visual Capitalist’s Pallavi Rao visualizes the percentage of respondents to the statement “I have money leftover at the end of the month” categorized by age and education qualifications. Data is sourced from a National Endowment for Financial Education (NEFE) report, published last month. The survey for NEFE was conducted …
EU Begins 'Tank Of Future' Development After Russia Annihilates Leopard 2 Tanks In Ukraine (4/29/2024)
EU Begins ‘Tank Of Future’ Development After Russia Annihilates Leopard 2 Tanks In Ukraine German Defense Minister Boris Pistorius and his French counterpart, Sebastien Lecornu, announced Friday the two countries will produce the next-generation battle tank to replace Germany’s Leopard 2 tank that will land on modern battlefields in the late 2030s or early 2040s. “It’s not about making a Leopard 3 or 4; it’s about designing something brand new,” German defense minister Pistorius said, as quoted by Euronews. Pistorius said the next-gen main battle tanks will be equipped with artificial intelligence and will not require …
EU Begins ‘Tank Of Future’ Development After Russia Annihilates Leopard 2 Tanks In Ukraine German Defense Minister Boris Pistorius and his French counterpart, Sebastien Lecornu, announced Friday the two countries will produce the next-generation battle tank to replace Germany’s Leopard 2 tank that will land on modern battlefields in the late 2030s or early 2040s. “It’s not about making a Leopard 3 or 4; it’s about designing something brand new,” German defense minister Pistorius said, as quoted by Euronews. Pistorius said the next-gen main battle tanks will be equipped with artificial intelligence and will not require …
A Compound Discovered On Easter Island Extends Life, Combats Alzheimer’s (4/29/2024)
A Compound Discovered On Easter Island Extends Life, Combats Alzheimer’s Authored by Flora Zhao via The Epoch Times (emphasis ours), Scientists are still uncovering the secrets of a compound discovered 50 years ago on Easter Island. Produced by bacteria there, rapamycin appears to be a powerful life-extender and may be a transformative treatment for age-related diseases. (Illustration by The Epoch Times) In 2009, the National Institute on Aging Interventions Testing Program (ITP) published a groundbreaking study indicating that rapamycin extended the lifespan of mice by 9 percent to 14 percent. …
A Compound Discovered On Easter Island Extends Life, Combats Alzheimer’s Authored by Flora Zhao via The Epoch Times (emphasis ours), Scientists are still uncovering the secrets of a compound discovered 50 years ago on Easter Island. Produced by bacteria there, rapamycin appears to be a powerful life-extender and may be a transformative treatment for age-related diseases. (Illustration by The Epoch Times) In 2009, the National Institute on Aging Interventions Testing Program (ITP) published a groundbreaking study indicating that rapamycin extended the lifespan of mice by 9 percent to 14 percent. …
'Environmental Pollutant' – How A Key Climate Agenda Tool Harms Endangered Species (4/29/2024)
‘Environmental Pollutant’ – How A Key Climate Agenda Tool Harms Endangered Species Authored by Donna Anderson via The Epoch Times (emphasis ours), As the Biden administration expands its offshore wind projects as part of its goal to reach a carbon-free energy system, whales and other marine life may become collateral damage, according to new research. (Illustration by The Epoch Times, Shutterstock, Getty Images) Two independent studies measuring ocean wind turbine construction noise found that the sound emitted by vessels mapping the seafloor was significantly louder than estimated, and that noise …
‘Environmental Pollutant’ – How A Key Climate Agenda Tool Harms Endangered Species Authored by Donna Anderson via The Epoch Times (emphasis ours), As the Biden administration expands its offshore wind projects as part of its goal to reach a carbon-free energy system, whales and other marine life may become collateral damage, according to new research. (Illustration by The Epoch Times, Shutterstock, Getty Images) Two independent studies measuring ocean wind turbine construction noise found that the sound emitted by vessels mapping the seafloor was significantly louder than estimated, and that noise …
Who's In Favor Of A Potential TikTok Ban? (4/29/2024)
Who’s In Favor Of A Potential TikTok Ban? As part of a larger national security and foreign aid package, President Joe Biden on Wednesday signed into law legislation that forces TikTok parent ByteDance to divest the U.S. arm of its popular social media platform within 270 days or be banned from operating in the United States. The “Protecting Americans from Foreign Adversary Controlled Applications Act” seeks to cut any ties between TikTok, its current parent company and the Chinese government, which allegedly abuses the platform to “surveil and influence the American …
Who’s In Favor Of A Potential TikTok Ban? As part of a larger national security and foreign aid package, President Joe Biden on Wednesday signed into law legislation that forces TikTok parent ByteDance to divest the U.S. arm of its popular social media platform within 270 days or be banned from operating in the United States. The “Protecting Americans from Foreign Adversary Controlled Applications Act” seeks to cut any ties between TikTok, its current parent company and the Chinese government, which allegedly abuses the platform to “surveil and influence the American …
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