Taken from News wires and twitter Thanks everybody for sharing!
- Jobless claims totaled 10 mln over last 2 weeks,a record
- The Treasury announced an Increase of $1B for the 3,10 and 30 years auction next week.This will not be the last increase,as someone has to pay for all these stimulus packages
- Feds balance sheet could get as high as $12 trillion,triple what it is now (BBG)
- One of the tightest trading ranges for bonds in a month,a handle and change!
- .Oil best daily percentage gain Ever +24% as President Trump says Russia and Saudi Arabia Plan to cut production 10 mln Barrels a day. Don’t think much validity to this exactly but it seems possible of some type of Global response from Energy producers to cut production. Texas State oil regulator says he will speak to both Russia and Saudi Energy ministers. Gasoline +20% as well today .
- CBO: Q2 GDP is likely to decline at an annualized rate of *at least* 28%
- Tomorrows Non farm payroll data will not reflect the severity of Job losses due to the survey week takes place mid Month., before the lock downs started.None the less it hasn’t stopped the expectations to vary widely from gains of 100k to losses of 3.5 million! consensus is -100k
- Ohio Governor asks people coming into state to self quarantine for 14 days
- NEW YORK GOVERNOR CUOMO SAYS APEX OF CORONAVIRUS CRISIS LIKELY “CLOSER TO SHORTER END OF RANGE” OF 7 TO 30 DAYS FROM NOW
- Paper checks sent by treasury for virus relief may take up to 4 months to arrive,we may be at Stimulus package 6 by then.
- Portugal to Shut Airports for commercial flights for 5 days
Democratic national convention postponed until August
Lean hogs and Cattle limit down again today second day in a row
Spot Gold +1.69% Silver +3.92%