Today's Headlines
Bloomberg:
- Xi’s Embrace of Putin Dents His Chances of Playing Peacemaker on Ukraine.
- China’s Surprise RRR Cut Puts Focus on Bank Lending Rates.
- Fed and Five Central Banks Announce Move to Boost Dollar Funding.
- UBS to Buy Credit Suisse in $3.3 Billion Deal to End Crisis.
- The One Big Winner and Many Losers of UBS’s Credit Suisse Rescue.
- Here Are Key Takeaways From UBS’s Historic Credit Suisse Deal.
- Latest Updates on UBS Deal to Buy Credit Suisse.
- Vulcan Facility Seizure Adds to Tension Between US and Mexico.
- Currency Markets Wobble After CS Deal as Fed Remains Acid Test.
- Asia Bank Bonds So Far Avoided Scale of Stress in US, Europe.
- El-Erian Says Credit Suisse Deal ‘Not Clean’ But Best Option.
- Credit Suisse’s Riskiest Bonds Jump Amid Optimism Over UBS Talks.
- Europe’s Green Protectionism Will Worsen its Energy Security.
- US Futures Climb, Dollar Slips as Sentiment Turns: Markets Wrap.
- Oil Steadies at Week’s Open After Moves to Ease Banking Crisis.
- Tom Barrack Playing Key Role in Talks to Save First Republic.
- New York Community Bancorp to Pursue Deal for Signature.
- El-Erian Urges 25 Basis-Point Hike Saying Fed Shouldn’t Blink.
- ‘Everybody’s in Limbo’: Bank Chaos Leaves Crypto With Dwindling Options.
- The Scourge of Vaping Is Hiding in Plain Sight.
- Inside Apple’s Companywide Cost-Cutting Push to Avoid Layoffs.
- Rising Rates Are Reshaping Once-Lucrative Commodity Trades.
- Anxious Traders Map Out Strategies for Monday Market Drama.
- Five Key Charts to Watch in Global Commodity Markets This Week.
Wall Street Journal:
- The Outlook: Smaller Banks’ Economic Role Means Distress Raises Recession Risks
- How Did SVB’s Management Get It So Wrong?
- Signature Bank’s Quirky Customer Mix Hastened Fall.
- The Panic Spreads to Credit Suisse. The financial trouble is exposing many myths of the mania years.
- Hospital ‘Black Boxes’ Put Surgical Practices Under the Microscope.
- Live Updates: Fate of Credit Suisse’s Riskiest Bonds.
- The Outlook: Banking Mess Raises Recession Risks.
- Escalating Demand for Soybean Oil Hits Possible Slowdown.
- Putin Makes First Known Trip to Seized Mariupol.
- TikTok’s Chinese Parent Has Another Wildly Popular App in the U.S.
- U.K. Billionaire Bidding for Manchester United Plots a U.S. Expansion.
- Biden’s ‘Go It Alone’ Trade Deals Draw Criticism.
- Twenty Years After U.S. Invaded Iraq, Congress Wants Its War Powers Back.
- Ford, GM in China Price War as Car Sales Slump.
- The Banking Sector Turmoil in Charts.
- Violent Protests in France Continue Over Pension Overhaul.
-
How Biden Bailed Out California and New York. The real motivation lies in the states’ budgets, which depend on the success of green startups.
- Anti-capitalist teacher promotes anarchy, students having ‘no respect for authority’.
- DA's case against Trump hinges on witnesses with 'credibility problems': Andy McCarthy.
- North Korea claims 800,000 join army in a single day to fight the US.
- Robots are replacing security guards — and they could soon be capable of deadly force.
- Blue city leader decries lack of police officers after voting to defund them.
CNBC:
- UBS offers to buy Credit Suisse for up to $1 billion, the Financial Times reports.
- General Motors’ China business is hurting, and it’s not just because of Covid.
- The top 10 most popular dog breeds in the U.S.
- FDIC announces agreement to sell Signature Bank assets to New York Community Bancorp subsidiary.
- S&P cuts First Republic deeper into junk, says $30 billion infusion may not solve problems.
- SVB collapse is double-whammy for tech startups already navigating brutal market.
- Top Wall Street analysts pick these five stocks for the long term.
Zero Hedge:
- Fed Panics, Announces "Coordinated" Daily US Dollar Swap Lines To Ease Banking Crisis.
- UBS To Buy CS For $3 Billion As AT1 Bonds Get Wiped Out In Record Bail-In; Swiss Govt Grants CHF9BN Guarantee; SNB Offers $100 Billion Liquidity Backstop.
- Were The Bank Bailouts The Result Of Rising Wealth Concentration?
- Mike Wilson: "Why On Earth Did US Stocks Rally Last Week?".
- Musk Blasts Biden After Prez Lies Twice About '3% Billionaire Tax'.
- The Longer It Takes The Fed To "Go Big", The Deeper The Damage Will Be, And The Bigger The "Big" Will Be.
- Gold, Stocks, Bonds, & Bitcoin All Higher After Fed, SNB Panic.
- TME Weekend: Not 2011, yet.
- "True Stories... Could Fuel Hesitancy": Stanford Project Worked To Censor Even True Stories On Social Media.
- Weekend News Round Up - Newsquawk Asia-Pac Market Open.
- Liz Warren Makes War On Powell, And How 'Woke' SF Fed Chief Failed On SVB.
- 'Not QE' As Fed Trapped Between A 'Rock And A Hard Place'.
- Leftist Parents Flee Florida As Gender Treatments For Children Made Illegal.
- Mega-cap Tech is the new Safe Haven.
- 'Occupy Wall Street' Redux.
- The Comex Is In Far Worse Shape Than SVB If The Run On Physical Accelerates.
- "The New Normal": New York To Lower Math And English Proficiency Standards Due To Poor Test Result.
- FDIC Prepares To Break Up Silicon Valley Bank, Report Says.
- How The Fed's 2008 Mortgage Experiment Fueled Today's Housing Crisis.
- Florida Beaches Hit With Toxic 'Red Tide' As Giant Seaweed Blob Nears.
- GOP Headed For Showdown On Social Security And Medicare.
- Stoltenberg Vows Sweden 'Will Soon' Join NATO Despite Turkish Rejection.
- SBF, SVB...who is next?
- Oxfam 'Inclusivity' Guide Tells Staff To Avoid Using 'Offensive' Words Like 'Mother', 'People' and 'Headquarters'.
- Is The US Funding An Experiment In Digital Control In Ukraine?
- Watchdog Group Launches Investigation Into Biden’s 'Woke Army'.
- 'Conspiracy At Its Height': Fauci Responds To Message Saying He 'Prompted' Anti-Lab Leak Paper.
- FBI Is Now A 'Weaponized Apparatchik' Of The Presidential Administration: Whistleblower.
- Biden In Touch With Buffett On Bank Crisis.
- GOP Compromise Unintentionally Creates Universal Firearm Background Checks.
MarketWatch.com:
- Braced for Monday: Markets and investors on edge as UBS moves closer to reported $1 billion all-share deal for Credit Suisse.
- Banks under pressure: How to maximize your FDIC protection.
- Bitcoin surges past $28,000 after UBS deal to buy Credit Suisse.
NewsMax:
TheGatewayPundit.com:
- HUGE NEWS for Election Integrity! TWO MORE States Cut Ties with ERIC Voter Roll Systems – OHIO and IOWA Are Out!
- Senator Josh Hawley and Missouri AG Andrew Bailey Respond to Potential Malpractice Regarding Minors at The Washington University Transgender Center at St. Louis Children’s Hospital.
- Dollar Tree Stops Selling Eggs Because They Are Too Expensive Now.
- Biden’s Bailout of Silicon Valley Bank Saved Chinese Investors, Democrat Gavin Newsom, Buzzfeed, VOX and BLM.
- Minnesota Aims to Become Third State to Adopt Ranked Choice Voting to Favor the Left.
- 25-Year-Old NFL Player Announces Sudden Retirement from Football – ‘My Health Is Above Anything’.
- BIDEN ECONOMY: Ed Dowd Issues Dire Warning, “We’re at the End and It’s Imploding on Itself” (VIDEO).
- Silicon Valley Bank Was on Federal Reserve’s Radar For More Than a Year – Fed Reserve of San Francisco Issued Six Citations and Flagged Bank as Ticking Time Bomb.
- Horror: CBS Meteorologist Collapses on Live TV Broadcast (VIDEO).
- Mark Levin on Democrat DA’s Indictment of President Trump: “This Is Soft Tyranny – Their Goal is to Destroy Civil Society” (VIDEO).
- African Country Burundi Detects Polio Outbreak Linked to Polio Oral Vaccine – Vaccine-Induced Polio is Now More Prevalent than the Wild Type.
- Advice to Trump Supporters Considering Protesting His Expected Arrest Next Week, from an Experienced Conservative Street Activist.
- Calls Grow on the Left for Trump to Be Held Without Bail – For a Misdemeanor.
- Two-Tiered Justice System: FEC Fined Hillary Clinton For Lying About Funding of Fake Russia Dossier…Was Never Threatened with Cuffs.
The Epoch Times:
Twitter:
- @Mayhem4Markets - CTAs: from buyers to sellers. (graph)
- @songpinganq - China's massive facial-recognition camera networks were hailed as a benign aid to residents that would let them pay subway fares. And it’s being deployed to crush dissents. (video)
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 943,911 Reports(+5,736 from prior week) Through March 10th, 2023.
SKirsch.com:
- Using the MGH numbers with our own VAERS queries, we have 247 cases per million doses from the MGH study divided by 5.97 cases per million doses from VAERS. 247/5.97 = 41. This suggests that the VAERS under-reporting factor (URF) is 41X.
Night Trading
- Asian indices are -.5% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 137.0 +2.0 basis points.
- China Sovereign CDS 76.0 unch.
- China Iron Ore Spot 129.50 USD/Metric Tonne -1.0%
- Bloomberg Emerging Markets Currency Index 47.2 +.02%.
- Bloomberg Global Risk-On/Risk Off Index 42.2 +.1%.
- Bloomberg US Financial Conditions Index -1.11 -15.0 basis points.
- Volatility Index(VIX) futures 25.3 -3.2%.
- Euro Stoxx 50 futures +1.1%.
- S&P 500 futures +.73%.
- NASDAQ 100 futures +.59%.
