GET OUT!!! ... The US has ordered all non-essential government employees to leave Iraq. (Yes, IraQ, with a Q .. I double checked that one. I know, it's IRAN that has been doing the saber rattling). Geez things are hot ALL OVER the Middle East. The leader of IraN made a funny yesterday saying that "Iran does not want war with the USA but Trump might get a war if he keeps listening to the mustache" . HAHAHHA.. obviously referring to NSA Director Bolton HERE .. The Chinese papers are slamming Trump over the Trade Negotiations. The main sticking point in the negotiations are the access to Chinese Markets for certain goods and companies and the Stealing of US Technologies. Now, they are calling Trump, "Greedy and Arrogant". Man, these Chinese are even stealing TRUMP INSULTS!!! CNN and NBC have patents on "Trump is Arrogant and Greedy" !!! .. I told you all that I really hope Joe Biden wins the nomination because he is a walking GAFFE factory and will make Rant Writing easier. Biden was at a rally in New Hampshire bemoaning how Trump is screwing America up. Biden actually said that if he is elected he will fix Trump's mistakes and, "Make America Great Again" . AHahHAHAHHA.. He'd better not put that on a hat, he'll get beaten up by the left wing of his own party!!! .. So that the women out there don't accuse me of GENDER bias, I will give you an equally laughable gaffe from a FEMALE running for President. NY Senator Kirsten Gillibrand said that as soon as she is President she will, "ban bump stocks and make large magazines and military assault rifles illegal"!!!! Way to play to that SMART base of Gun haters. One problem, Bump stocks ARE banned and Military Assault rifles and large magazines are ALREADY illegal. (Don't Believe me? Look it up) .. My guess is you won't see the LOSER Media "Fact Checking" her like they do when Trump makes a gaffe like that..The Headlines today will likely focus on Alabama's passing of a law restricting some abortions. The Loser media is saying, "the bill bans almost all abortions and is aimed at overturning Roe vs. Wade". If you do not want to watch the meltdown of the Has-been Hollywood outrage mob you had better turn off your Twitter .. Japan is about to start service on their "Bullet Train" that goes 250 Miles Per Hour. I think Ill wait a few months before checking that out.. just to make sure it stays on the rails .. ...A painting of "Haystacks" by Monet just sold for $110 Million. Have you seen it? It's Haystacks.. Geez.. I mean.. its NICE looking and all.. but $110 Million? ..and there are 25 of them.. Haystacks in different seasons and different lighting.. I guess these UBER Billionaires have to spend the money somewhere. (Buyer was anonymous, Im just GUESSING and UBER investor...mighta been the Russians) .. and Tesla Leader, Elon Musk, is whining about a lawsuit. When one of the divers that was rescuing those Thailand soccer kids refused to listen to Musk's suggestions, Musk called him, "that Pedo Guy". The guy is suing for defamation and Musk is saying, "The guy just wants money and attention" .. Uh. well, YEAH Elon.. That's the way it works. You call him a Pedophile, when he isn't, and he sues you for MONEY. He certainly doesn't want TESLA stock...and can someone get the guy a new lawyer?? Unless I misread it, he is suing for $75,000.... SPORTS: NHL: Carolina's back is to the wall. The Bruins take a 3-0 series lead after winning 2-1 last night. The rule in the playoffs is, "you're not in trouble until you lose on home ice". Well, Carolina is in TROUBLE... NBA: Golden State crushes Portland even without Kevin Durant, who is injured. Curry had 36 in the 116-94 blow out.. and the Ping Pong balls gave the New Orleans Pelicans the #1 pick and they will likely take Zion Williamson. The rest of the top five were, Memphis, NY Knicks, Lakers, Cleveland. .. GOLF: Former PGA Winner John Daly will be allowed to drive in a cart this week at Bethpage due to a knee injury and arthritis. He is only the second player to do so. Different players had different comments but Tiger Woodsgave the "Drop the Mic" comment about his friend Daly: "He's gonna use a cart? .. oh.. his knee?? .. Uh.. well, I played a round with a broken leg. So.... " ..... CELEBRIDIOTS: RIP to Comedy Legend Tim Conway, 85. Conway was a fixture on the Carol Burnett show and one of the most beloved funnymen in all of Hollywood. Conway died after a long battle with dementia.. and.. The WEINER is OUT!!! Disgraced former Congressman and pedophile (see, we can call him that because he was convicted of sexting naked pictures with a minor..and is a registered sex offender) Anthony Weiner was released from his "halfway house" and is now walking the streets as a free man. He plays goalie. So, if any of you readers that play at Chelsea Piers or Abe Stark need a goalie, he is available.. .. Britney Spears manager says she might never perform again. Spears is dealing with anxiety and other issues as her parents fight about her affairs. She is worth like $200 million. She doesn't HAVE to work anymore!!! Leave her alone!! .. and the Cannes Film Festival is getting started. I wanted to give the First Day "Winner" award to my girl Selena HERE but then Camila Morrone HERE walked by .. She is 21 which means she is about to be too old for her boyfriend Leo DiCaprio. Still has PLENTY of time left in Raj Tub Eligibility, though... and.. I mentioned above a woman that wants to take your guns and hates the US Gun laws.. So, I figured I would introduce you to my girl Orin Julie. Orin likes the US Gun Laws EXACTLY how they are.. she says she is "Jealous" of them. HERE .. Come on over, Orin. Ill get Trump to issue a SPECIAL visa.. You can keep those guns in my house!!!
Mark your calendar. The next stage of Brexit drama is set for the beginning of June, when Theresa May finally brings her divorce deal back to Parliament. No sign of an agreement has yet been seen with the Labour opposition following seven weeks of talks that have infuriated her own party. If the bill is defeated for a fourth time, she can't bring it back again without ending this parliamentary session, meaning its defeat would almost certainly result in a new prime minister.
What's next for U.S. markets?Dow futures are down 100 points after recording earlier gains following the release of weaker-than-expected economic data from China. Retail sales, industrial output and fixed asset investment for the month of April all fell short of analysts' forecasts, suggesting a weakening bargaining position, but it may up the ante in Beijing's trade standoff with Washington. A big economic data release is also on deck in the U.S. this morning, with retail sales and manufacturing numbers, as well as figures on industrial production and business inventories.IEA cuts oil demand outlook
The surplus of supply over demand that the oil market saw in the first quarter could "flip" into a deficit in the second, according to the IEA's latest monthly report. "Considerable uncertainty" about global supplies looms - from Iran and Venezuela to Libya, as well as contaminated Russian crude flows to Europe and attacks on shipping vessels. Last year's oil demand growth estimate was revised downward by 70K barrels per day to 1.2M bpd, while the forecast for this year was cut by 90K.Official end of the Iran nuclear dealEurope has 60 days to ease Iranian oil sales or else see the end of the 2015 nuclear deal, Iran's ambassador to the U.K., Hamid Baeidinejad, warned yesterday, although the Islamic Republic now appears to be scrapping the waiting period. Iran is officially ending one of its key commitments to the JCPOA, local media announced today, citing senior officials at the country's Atomic Energy Agency. The news comes as tensions rise with the U.S. amid whether Tehran was involved in the sabotage of two Saudi oil tankers in the Oman Gulf.
Starlink ready for takeoffThe latest Elon Musk plan to shake up an entire industry gets off the ground tonight when a SpaceX (SPACE) Falcon 9 launches the first batch of 60 satellites for the company's Starlink broadband network. They'll be part of a constellation designed to beam internet access across the entire globe. SpaceX eventually plans to build a mega constellation of nearly 12,000 satellites, but will need six more launches of 60 satellites to even begin offering "minor" coverage.Lots of talk about carsPresident Trump has until a Friday midnight deadline to decide whether to impose tariffs on European car manufacturers, with some analysts predicting Germany's auto sector could fall as much as 12% over "three bad trading days" if he goes through with the levies. There's also some EV buzz... Volvo Cars (OTCPK:GELYY) has signed "multi-billion dollar" supply deals with Asian battery firms as the company "firmly commits to moving beyond the internal combustion engine," while U.S. lawmakers move closer to developing a national electric vehicle supply chain policy.
Microsoft warns of major computer bugIt's the next high-profile computer-security issue to emerge this week. Microsoft (NASDAQ:MSFT) has taken the unusual step of cautioning that a monster bug it has now patched is "highly likely" to be exploited by malicious software, similar to the WannaCry worm, which spread across the globe two years ago. The flaw mainly affects older systems like Windows 7 and Windows Server 2008. It also affects Windows 2003 and Windows XP.U.S. telecoms prepare for Huawei banPaving the way for a ban on doing business with China's Huawei, President Trump is expected to sign an executive order this week barring American companies from using telecom equipment made by firms posing a national security risk, Reuters reports. The order would invoke the International Emergency Economic Powers Act and comes at a delicate time in relations between Beijing and Washington, with the two ratcheting up tariffs over what U.S. officials call China's unfair trade practices. Related: NOK, ERICUber blame gameMorgan Stanley nabbed the biggest U.S. IPO of the past five years, but following a major price decline, questions are now flying across Wall Street about how the bank priced Uber (NYSE:UBER) shares. Underwriters worried about the IPO deployed an unusual "naked short" tactic to support the stock, allowing the sale of shares in excess of the greenshoe portion, but then bought them back in the open market to provide even more firepower. A memo from the U.S. labor relations board yesterday also said Uber drivers are contractors, not employees.
What else is happening...Hoya Capital Real Estate discusses if self-storage REITs are too good to be true. Challenging Netflix (NASDAQ:NFLX) and Amazon (NASDAQ:AMZN), Disney (NYSE:DIS) takes control of Hulu.Beyond Meat (NASDAQ:BYND) shares still sizzling weeks after IPO.Walmart (NYSE:WMT) weighs IPO for Asda to reduce its U.K. exposure.Looking to curb hate speech, Facebook (NASDAQ:FB) introduces 'one-strike' policy.EU split over how to deal with Italy.Forget about Deutsche Bank (NYSE:DB); UniCredit (OTCPK:UNCFF) eyes bidfor Germany's Commerzbank (OTCPK:CRZBY).Multiple Permian takeovers are now possible after Anadarko (NYSE:APC) takeover, writes contributor Kirk Spano.Tuesday's Key EarningsAurora Cannabis (NYSE:ACB) -2.2% AH seeing a big increase in red ink.Tilray (NASDAQ:TLRY) +4.1% AH nearly tripling sales.
Today's Markets In Asia, Japan +0.6%. Hong Kong +0.5%. China +1.9%. India -0.6%.In Europe, at midday, London flat. Paris -0.4%. Frankfurt -0.5%.Futures at 6:20, Dow -0.4%. S&P -0.4%. Nasdaq -0.4%. Crude -1.5% to $60.86. Gold +0.2% to $1298.90. Bitcoin +1.1% to $8089.Ten-year Treasury Yield -3 bps to 2.39% Today's Economic Calendar7:00 MBA Mortgage Applications8:30 Retail Sales8:30 Empire State Mfg Survey9:15 Industrial Production9:30 Randal Quarles: “Testimony on Banking, Housing, and Urban Affairs”10:00 Atlanta Fed's Business Inflation Expectations10:00 Business Inventories10:00 NAHB Housing Market Index10:30 EIA Petroleum Inventories1:00 PM Fed's Barkin: “Sentiment and the Real Economy”4:00 PM Treasury International Capital
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