“The Latest Stage In Our Descent To The Bottom”: Deutsche Bank Asks Top Managers To Skip Month’s Salary In Act Of “Solidarity”

“The Latest Stage In Our Descent To The Bottom”: Deutsche Bank Asks Top Managers To Skip Month’s Salary In Act Of “Solidarity” Tyler Durden Fri, 05/22/2020 – 18:59 Last week we reported that Wall Street bonuses are expected to drop by up to 30% this year due to the deep cuts to revenues recorded by banks and hedge funds earlier this year as a result of the coronavirus pandemic. For some (still employed) Deutsche Bank traders the news is even worse: they may have to go without a monthly paycheck too. According to the FT, the German bank which has[…]

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MSNBC Suggests Trump Has Just 3% Support Among Blacks: Here’s How They Got That Result

MSNBC Suggests Trump Has Just 3% Support Among Blacks: Here’s How They Got That Result Tyler Durden Fri, 05/22/2020 – 18:45 Following Joe Biden’s latest racial gaffe on Friday – in which he said black Trump supporters or undecided voters “ain’t black” – MSNBC went to bat for ol Joe, with a ‘yeah, but…’ poll showing that Trump has just 3% support among African Americans. However when one digs into the poll, conducted by Quinnipiac (and which found Biden to have an 11 point lead over Trump, and Trump’s job approval falling to 42%) we find that it surveyed just[…]

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Michigan Gov Extends ‘Stay At Home’ Order 2 Weeks; Brazil Overtakes Russia As World’s 2nd-Largest COVID-19 Outbreak: Live Updates

Michigan Gov Extends ‘Stay At Home’ Order 2 Weeks; Brazil Overtakes Russia As World’s 2nd-Largest COVID-19 Outbreak: Live Updates Tyler Durden Fri, 05/22/2020 – 18:33 Summary: Michigan Gov extends stay at home order Brazil overtakes Russia Cali reports slight jump in new cases US cases climb 1.8%, compared with 1.5% last week Italy’s does 75k+ tests in a single day for first time Dr. Birx offers update on state of US outbreak Chinese vaccine deemed “safe” by the Lancet NY lowest case count since early days of outbreak NJ raises gathering limit to 25 Italy says vaccine won’t be ready[…]

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Daily Briefing – May 22, 2020

Daily Briefing – May 22, 2020 Tyler Durden Fri, 05/22/2020 – 18:25 Senior editor Ash Bennington sits down with Real Vision CEO and co-founder Raoul Pal to explore the latest developments in markets and macro. They dive into why debt mutualization won’t be enough to save Europe, what the elimination of GDP targeting means for China, and how Hong Kong’s limited autonomy is slipping from its grasp with China’s latest security law announcement. The pair also discuss the challenges of a solvency crisis, the rising threat of deflation, and the plummeting two year U.S. Treasury yield. Powered by WPeMatico Please[…]

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Retail Investors Face Another Rout As Daytrader Darling Favorite Hertz Prepares To File

Retail Investors Face Another Rout As Daytrader Darling Favorite Hertz Prepares To File Tyler Durden Fri, 05/22/2020 – 18:25 Here’s some bad news for all the Robinhood day traders indiscriminately buying Hertz Global Holdings as it crashed during coronavirus lockdowns — a CNBC report indicates the distressed rental car company is preparing to file for bankruptcy as soon as Friday night. Minutes after the news hit the wires, Hertz’s stock extended its recent bloodbath… The upcoming bankruptcy filing reportedly comes after the company failed to reach a deal with its top lenders. The company missed a lease payment last month, and the bankruptcy could be one[…]

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Stocks, Silver, Black Gold & Bond Yields Jump This Week As Dollar & Yuan Dump

Stocks, Silver, Black Gold & Bond Yields Jump This Week As Dollar & Yuan Dump Tyler Durden Fri, 05/22/2020 – 16:02 Millions more job losses, thousands more deaths, hundreds more earnings outlooks cut or dismissed, dozens of rancorous threats and promises exchanged between US and China… and still a handful of key US stocks sent the major indices soaring on the week led by Trannies and Small Caps… A panic bid at the close to get the indices green for the day… Almost as if it never happened… Source: Bloomberg Or put another way… Notably, after the European close on[…]

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Africa Tops 100,000 COVID-19 Cases As Global Total Nears 5.25 Million: Live Updates

Africa Tops 100,000 COVID-19 Cases As Global Total Nears 5.25 Million: Live Updates Tyler Durden Fri, 05/22/2020 – 15:48 Summary: Cali reports slight jump in new cases Italy’s does 75k+ tests in a single day for first time Dr. Birx offers update on state of US outbreak Chinese vaccine deemed “safe” by the Lancet NY lowest case count since early days of outbreak NJ raises gathering limit to 25 Italy says vaccine won’t be ready until next year NY launches program allowing pharmacists to administer COVID tests GM delays plan to ramp up production Spain lifts lockdown conditions in Madrid[…]

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“We’re Gonna Do It God’s Way!” – Baltimore Pastor Rips Up Cease-And-Desist Letter 

“We’re Gonna Do It God’s Way!” – Baltimore Pastor Rips Up Cease-And-Desist Letter  Tyler Durden Fri, 05/22/2020 – 15:45 A Baltimore County pastor ripped up a cease-and-desist order mid-sermon Wednesday evening after county officials threatened him with a fine earlier in the week for holding in-person services. Calvary Baptist Church’s pastor, Stacey Shiflett, tweeted a video clip of the sermon, where he was seen ripping up the cease-and-desist order that informed him if the church continued to conduct services, a $5,000 fine would be applied.  Last week, Maryland Governor Larry Hogan lifted restrictions on religious gatherings, allowing Churches to reopen at 50% capacity. Hogan left it up to each county government to[…]

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White House Press Secretary Stuns Journos With Interactive ‘Obamagate’ Presentation On How To Do Their Jobs

White House Press Secretary Stuns Journos With Interactive ‘Obamagate’ Presentation On How To Do Their Jobs Tyler Durden Fri, 05/22/2020 – 15:25 Shortly before wrapping up an impromptu press conference in which President Trump declared places of worship essential during the pandemic, White House Press Secretary Kayleigh McEnany delivered a scorching presentation to the White House Press Corps on Friday – after accusing them of failing to do their jobs regarding ‘Obamagate.’ “Did anyone take it upon themselves to pose any questions about Michael Flynn and unmasking to President Obama’s spokesperson?” she asked. One journalist stammers, “but buh but Flynn’s[…]

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“This Is Easy…”

“This Is Easy…” Tyler Durden Fri, 05/22/2020 – 15:10 With stimulus checks flooding the stock market… …and Millennials never seeing any momentum they didn’t want to chase (especially leveraged)… …everyone and their pet rabbit is now a lean, mean, day-trading machine… looking for the next “get rich quick” trick or utterance from Fauci. Well, there’s an even easier route to all-the-gold-you-can-eat, and for the special low price of absolutely-free, we will share this limited-time-only market insight. It’s highly complex – so pay attention. Step 1 (Optional) –  Put on pants Step 2 a) Buy European stocks (not US stocks) at[…]

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