Read this First 05/23/2019

DEAD AMERICANS .. How many Americans have to die before we get serious about prosecuting stupid government officials?  Seriously, the "I Hate the President" or "I hate the 'other side' so much that I will ignore the law..and public health" is a National Epidemic.  Officials in Prince City Maryland ignored an ICE detainer request for two MS-13 Gang members.  Those teens were let out on bail on a murder and gang violence charge, not held for ICE, then killed ANOTHER 14 year old girl.  The officials say they are a Sanctuary city and the ICE Detainer is a "request" not an "order".  ARE YOU FCKING KIDDING ME?  ..and why would a judge grant bail to MS-13 gang members in a murder trial? These "officials" who think they are "doing the right thing" by not allowing illegal immigrants to be deported are COMPLICIT IN MURDER.. and up in Indiana they just released American Taliban fighter, John Walker Lindh (You just KNOW he is a Bad Guy because they use the "Three Name" thing when describing him).  Originally from California, Lindh joined the Taliban, trained to fight with Osama bin Laden and was arrested in Afghanistan fighting against American forces for the Taliban. He is serving 20 years in Federal Prison and is being released EARLY.  He is STILL writing in support of ISIS and we are going to release him into the Public.  The EXPERTS are warning of the Danger and the Parole Officers and Judges are LETTING THIS HAPPEN. If there was any REAL justice in America these murderers would be put in tents in front of the Judges houses..or the houses and schools of the Judge's grandkids.  You think they'd get "bail" or "early parole" if that were the case? ...  In Jefferson City, Missouri a brutal tornado hit last night causing massive damage.  So far there are three confirmed deaths but that number is expected to rise.  This is on the 7th anniversary of the devastating tornado that killed 161 in Joplin.. SAD.... WALL UPDATE: Lies and Mis-reporting and Bloomberg News joins the ranks of "Fake and Politically Warped News".  About 130 Miles of Border Wall/Large Bollard Fence has been built despite law suitsMOST of this wall replaces useless fencing.  The "Lies" are from both sides.  Bloomberg claims "only 2 miles of Border Wall has been built" (not mentioning the 125 miles of new wall that replaces fencing) and the White House calls the Wall, "New Wall" (which technically, it is, but it DOES replace a fence..so.. its a half-truth to call it NEW WALL).  Why can't ANY news agency just go take pictures and say, "Here is what was there.. and HERE is what is there now".. give EXACT measurements.. and REPORT THE STORY and let people decide what they think about it?  Why do all these agencies and sites that call themselves, "NEWS" just keep putting the Editorial and Political Opinion pieces in the "News" columns. America is SICK of it (at least I AM).. .. Over in England, it looks like May-EXIT is happening.  After ANOTHER major loss in Parliament it looks like PM Teresa May is on her way out.. and might be gone by the weekend...In Iran, their supreme leader promised a group of young Iranians, "they will see the US and Israel CRUMBLE".. Isn't that Great??!?! .. A SANE person might think, "they're not really stupid enough to attack a US ship or anything, are they?"  I think of the Sting Song where he laments Russian/US tensions and is hoping the Russians don't start a nuclear war, .."...Believe me when I say to you.. I hope the Russians love their children, too"..Problem is.. Im not sure the Iranian Leaders CARE about the children of their country.. .. .Down in the Swamp:  The Political Games continue.. and continue to disgust me.. and MOST of the country.. Speaker Pelosi accused President Trump of a "Cover-up" (using a word that's supposed to make people GASP and say, "Oh.. that sounds BAD".. but we don't anymore.. because EVERYONE in ALL PARTIES now considers Washington, DC a joke).  Trump then walked into a meeting with Democratic Leaders and told them, "I want to do a deal with Infrastructure. But, I am done with Crap.  I was investigated for 2 years.  You didn't find what you wanted.. So, you just keep obstructing and investigating.  I'm done negotiating unless you start focusing on Legislating and stop the witch hunts" .. Pelosi and Schumer are calling it a Temper Tantrum.  What do you think?  Is the President saying, "Enough, I'm invoking Executive Privilege. Conversations between me and my council are private"obstruction?  Is it a Constitutional Crisis?  If so, why was it NOT one when President Obama used Executive Privilege to keep Attorney General Holder from testifying about the US Government giving guns to Mexican Drug cartels? .. The Impeachment Bout continues to heat up.. and I just cannot understand the thought process of the people pushing for it.. They just DO NOT understand the temperature of REAL America. Impeachment is a 100% LOSER. You will get "Hurrays" from Hollywood and the Alt-Left.  The Senate will shoot it down.. it will be a few months of Political Theater.. and you will be LOSERS in your attempt to oust the President.  Why go down that road? .. The "Joe Biden Kids Money" scandal is getting worse by the hour.  Some famous writer has bank account records (that I think were made public because of a court case) where around $5 million from Ukranians, Russian Oligarchs, and an account of unknown origin that was laundered through a Swiss Bank went to an account for Hunter Biden's company...and this is just ONE account.  I know Biden is a Democrat and the Loser Media will do their best to bury this.. but I think its too big even for them to hide .. and.. the Loser Media should just throw up their collective hands and apologize to their audiences over this Mike Avenatti guy.  CNN, MSNBC and ANY other network that had this guy on for weeks as an "Expert" or "Contributor" need to admit they screwed up.  They didn't check his background or ANYTHING and put him on because he represented a porn star that was suing Trump.  Avenatti was indicted AGAIN. (Remember the last time? for stealing money from a paraplegic?) This time for extortion (trying to extort Nike) and for falsifying documents and stealing from his client (the Porn Star).  Of course, this is all ALLEGED and he is denying it all. But, would YOU put him on TV as an "Expert" and call him a "Presidential Candidate"?  .. Maybe you would.. I don't know..   ....SPORTS: NBA: Portland/Atlanta tonight ..  NHL:  Game One of the Stanley Cup is not until MONDAY. Why is that NHL? ..  PGA: The Charles Schwab (ie The Colonial) starts today in Texas.. ...CELEBRIDIOTS:  THREE MORE YEARS.. THREE MORE YEARS.. For all of you ELLEN Fans that were worried her contract was expiring, she signed on for three more years. I don't watch her show because I work during the day.. But she is funny..  Roll On James.. Jeopardy James Holzhauer won again and is at $1.939 Million. Does he make it $2 Mill tonight?? .. and 23&Me?? How about $60 Millionand ME? .. Lord Charles Rogers died and left a 1,000 year lease on a Castle and $60 million and had "no heirs".  Not so fast!! It seems Charles had a kid with a local woman.  The kid knew his father was Rogers but Rogers denied it. The kid grew up and worked as a "Care Worker" and struggled to pay the bills. A DNA test proved he is Rogers son and now Jordan Adlard (now Jordan Adlard-Rogers) is moving into the castle and has the $60 million !!!! WAHOOO..  and I must admit I am not a Cardi B fan. I don't "Get" the attraction and I think her music is awful. But, obviously, there are MILLIONS of people that do not agree with me because she SELLS RECORDS!! .. What I DO like about her is that she talks straight.  Most "Stars" and Hollywood types lie or cover up plastic surgery.  Not Cardi.  She announced she is postponing her tour dates a month .. not for "undisclosed reasons" ..not for "Medical issues" .... because, " I need more time to recovah from my lipo and my newest boob job" . .. LOVE the honesty. LOVVEE IT .. HERE is Cardi.. 

From SeekingAlpha.com

Investor sentiment is shifting to Europe as elections across the EU and the potential rise of populist parties give traders another thing to worry about in a region already shaken up by central bank policies, potential U.S. tariffs and Brexit. The results are particularly important in Italy, where the performance of the coalition parties could heavily influence budget talks with the bloc and spook Italian bonds and equities. Gains for their ideological peers across the continent might also hurt the pound and the euro - which is languishing near a two-year low against the dollar - by increasing the chances of a hard Brexit and making it more difficult for proponents of closer European ties.

DJIA futures fall more than 250 points

EU elections, Brexit drama and the usual U.S.-China tensions are rattling U.S. stock index futures, with Dow and the S&P 500 down 1% and Nasdaq off by 1.5%. A flurry of U.S economic reports are also on tap, including the latest weekly jobless claims data, a flash reading of manufacturing and services PMI figures for May, as well as new home sales for April. In corporate news, Medtronic (NYSE:MDT), Best Buy (NYSE:BBY), Hewlett Packard (NYSE:HPQ) and Intuit (NASDAQ:INTU) are all set to report their earnings for the first quarter.

Markets assess Modi re-election

Official data from India's Election Commission is showing Prime Minister Narendra Modi's Bharatiya Janata Party set to win more than 340 seats available in the lower house of parliament, well over the 272 needed for a majority. It's a historic back-to-back victory in India's general election, allowing Modi to push ahead with reforms to combat unemployment and rural distress that have persisted during his five years in power. The broad Nifty index rose 1.4% to historic highs on the news, but gave back gains towards the end of the session, closing down 0.7%.

May prepares resignation

Theresa May's job is hanging by a thread after Andrea Leadsom, a high-profile pro-Brexit Cabinet minister, quit on Wednesday. Pound investors are bailing out of the currency - down another 0.4% overnight to $1.2612 - amid increasing uncertainty about who will be running the country and who will handle further negotiations with the EU. The Times reported that May would name a date for her departure tomorrow, but would remain as prime minister while her successor is elected in a two-stage process.

Contentious shareholder meeting

Deutsche Bank (NYSE:DB) executives are expecting a tense meeting with shareholders today, as the bank’s tumbling share price and growing backlog of scandals place the board firmly in the firing line. A UBS downgrade on Monday sent shares to record lows, heaping pressure on the embattled German lender to trim its investment banking division following the collapse of merger talks with Commerzbank (OTCPK:CRZBY). Negative publicity in recent years also includes settlements with the DOJ, management reshuffles, weak earnings and constant restructuring.

Cyber attack downgrade

Moody’s has slashed its rating outlook on Equifax (NYSE:EFX) from stable to negative, marking the first time cybersecurity issues have been cited as the reason for a downgrade. The company took a $690M first-quarter charge for its massive 2017 breach of consumer data, representing an estimate for settling ongoing class action cases, as well as potential federal and state regulatory fines. The decision is significant because investors increasingly look to ratings firms and insurance companies to adequately predict the longer-term fallout of some of the biggest breaches, a difficult task given the relative lack of historical data. EFX -1.5% premarket.

Amazon emotional wearable coming soon?

Amazon (NASDAQ:AMZN) is developing a voice-activated wearable device that can recognize human emotions, according to Bloomberg. The wrist-worn gadget is described as a health and wellness product in internal documents, although it's unclear how far along the project is, or if it will ever become a commercial device. It's a collaboration between Lab126, the hardware development group behind Amazon’s Fire Phone and Echo smart speaker, and the Alexa voice software team.

Ending political ad sale commissions

Once seen as a growth area, political ads are now viewed within Facebook (NASDAQ:FB) as more of a headache. Senior leaders at the company have debated whether it should cease running political ads entirely, but CEO Mark Zuckerberg made the final call to stay in the business, though changes will be made to how it operates. The tech giant has now stopped paying commissions to employees who sell political ads - making its ad-buying portal largely self-serve - ahead of election campaigns for 2020.

Long grounding for 737 MAX

Aviation regulators from 30 countries are meeting today in Dallas to discuss progress in fixing the software of Boeing's (NYSE:BA) 737 MAX. However, the closed-door meeting, originally described by FAA officials as a way for the agency to secure an international stamp of approval, is now shaping up largely as an information sharing exercise. Ahead of the gathering, acting FAA chief Daniel Elwell said he couldn't predict when the MAX fleet would be back in the air, stressing that the return to flight would be driven by analysis rather than the calendar. "If you said October, I wouldn’t even say that" was a realistic deadline at this point, he declared, because "we haven’t finished determining exactly what the training requirements will be."

What else is happening...

Recent trade war escalation showed how sensitive Chinese companies are to adverse events, writes contributor Independent Trader.

FOMC minutes show patient stance 'for some time,' dig into 'transitory' inflation effects.

Citi next to slash Tesla (NASDAQ:TSLA) price target; UBS lowers PT on Apple (NASDAQ:AAPL).

As concerns grow, Amazon (AMZN) shareholders reject facial recognition ban.

Tariff inversions? Tyson Foods (NYSE:TSNeyes Kazakh plant.

U.S. judge approves PG&E (NYSE:PCG) $105M wildfire assistance fund.

Infrastructure stocks stumble after Trump torpedoes meeting with Democrats.

Wednesday's Key Earnings

Lowe's (NYSE:LOW) -11.9% on slimming gross margins. Target (NYSE:TGT) +7.8% as digital sales skyrocketed 42%.

Today's Markets 

In Asia, Japan -0.6%. Hong Kong -1.6%. China -1.4%. India -0.8%.  In Europe, at midday, London -1.5%. Paris -1.7%. Frankfurt -1.8%.  Futures at 6:20, Dow -1%. S&P -1.1%. Nasdaq -1.5%. Crude -1.6% to $60.41. Gold +0.2% to $1276.50. Bitcoin -3.3% to $7628.  Ten-year Treasury Yield -5 bps to 2.35%

Today's Economic Calendar

8:30 Initial Jobless Claims 9:45 PMI Composite Flash 10:00 New Home Sales 10:30 EIA Natural Gas Inventory 11:00 Kansas City Fed Mfg Survey 1:00 PM Fed's Bostic Speech 1:00 PM Fed's Barkin Speech 1:00 PM Fed's Maly Speech 1:00 PM Fed's Kaplan Speech

Regards,

Roger “Raj”  Searing rajsearing@gmail.com

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