Written by Gary
Bitcoin climbs above $40,000 after Musk says Tesla could use it again (SPY -0.2%). Leak Reported At Chinese Nuclear Power Plant. GM, Ford are all-in on EVs.
Here is the current market situation from CNN Money | |
 | North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively. |
What Is Moving the Markets
| Here are the headlines moving the markets. | |
| Leak Reported At Chinese Nuclear Power PlantA nuclear power plant in southeastern China could turn into an imminent radiological threat, the part owner of the facility, a French company, has told the United States, CNN reported on Monday, citing U.S. officials and a letter of the French firm it had obtained. The U.S. has been assessing the report of the fission gas leak over the past week, CNN reports, quoting the warning from the French firm that Chinas authorities had raised the limits of acceptable radiation levels at and around the plant to avoid a shutdown. The |
| Oil Majors Race To Get A Piece Of The Qatari LNG MarketSix large Western energy companies are bidding for a stake in Qatars North Field expansion project aimed at boosting the countrys LNG export capacity. Four of the six are already partners of Qatar in the development of its massive natural gas reserves: Exxon, Shell, TotalEnergiesformerly just Totaland ConocoPhillips. Now, Italys Eni and Chevron have also joined the bidding, Reuters reported, citing unnamed industry sources. According to one of the sources, Qatar Petroleum, the state-owned oil and gas company, |
| G7 Shies Away From EV Sales TargetsThe G7 nations failed to set targets for EV sales in their push towards the electrification of transport at their latest meeting, pledging only to intensify efforts in enhancing the offer of more sustainable transport modes, the group said in its final communiqu today. In our transport sectors, we commit to sustainable, decarbonised mobility and to scaling up zero emission vehicle technologies, including buses, trains, shipping and aviation, the G7 said in the communiqu. We recognise that this |
| IEA Sees Oil Demand Hitting 100.6 Million Bpd By End-2022Global crude oil demand will rebound to pre-pandemic levels and exceed them, clocking in at 100.6 million barrels daily by the end of next year, the International Energy Agency said in its latest monthly Oil Market Report. This, however, will only happen in the absence of further policy changes. This year, demand will grow by some 5.4 million bpd, the agency said, which next year will slow down to 3.1 million bpd. Supply will also increase, the IEA said, with non-OPEC production growing by 1.6 million bpd next year, driven by the |
| Is Shell About To Turn Its Back On The Permian?Shell may put up for sale all of its acreage in the Permian in the latest step of a low-carbon push that was most recently spurred by a court ruling against the supermajor. A Dutch court ordered Shell to reduce its carbon emissions by 45 percent from 2019 levels by 2030 and start complying with the ruling immediately, as the judge held the company liable for the emissions caused by the use of its products and said its climate policy was not specific enough. Shell has 260,000 acres in the Permian and, according to unnamed sources quoted |
| America’s $2 Trillion Infrastructure Boom Could Send ESG Stocks SoaringIn the past few years, weve seen six ESG megatrends on the rise with trillions of dollars being invested into them, from cloud computing and clean water, to finance, resource efficiency and the mega of ESG megatrends–EVs. If 2020 was the year that broke the ESG bank. This year, and next, might see investors start to reap the rewards of Bidens ultimate green presidency. In March, Biden unveiled a $2.3-trillion infrastructure plan. On Earth Day, Biden pledged to half U.S. greenhouse gas emissions |
| GE, Safran developing cleaner energy aircraft engines that could work with hybrid technology, hydrogenGeneral Electric’s aviation unit and joint-venture partner Safran plan to develop new aircraft engines that would require more than 20% less fuel. |
| Christian Eriksen ‘in a good mood’ and ‘making jokes’ following cardiac arrest but wants answers from doctors, says agentChristian Eriksen’s agent says the midfielder is “making jokes” in hospital but wants answers from doctors. |
| Airport screenings top 2 million a day for first time in pandemicU.S. airport screenings topped 2 million people a day for the first time in the pandemic, |
| Novavax says its Covid vaccine is 90% effective, plans to submit data to FDA in third quarterWith an abundance of vaccines already available in the United States, it’s possible that the government would donate the Novavax doses to other countries. |
| How bad are global shipping snafus? Home Depot contracted its own container ship as a safeguardThe home improvement retailer is one of many companies facing supply chain challenges and trying to find creative solutions to keep merchandise in stock. |
| India’s ambitious vaccine targets alone will not help immunize its massive populationIndia set an ambitious target to manufacture more than 2 billion Covid-19 vaccines by December ” enough to inoculate most of its 1.3 billion population. |
| French Open: Novak Djokovic defeats Stefanos Tsitsipas in five sets to claim his 19th Grand Slam titleNovak Djokovic becomes first man in the Open Era to win all four Grand Slam titles twice in Sunday’s French Open final against Stefanos Tsitsipas. |
| ‘The selfie summit’: Why some economists and activists are disappointed with the G-7The leaders of the G-7 issued a joint statement promising to enact measures on Covid vaccines, China and global corporate tax. |
| Eager to travel, Americans book Sun Belt beach, city stays as pandemic fadesAmong the most eager travelers in the world, Americans are researching and booking summer getaways to sunny domestic spots that are reopening. |
| GM, Ford are all-in on EVs. Here’s how their dealers feel about itAs automakers including Ford and GM invest heavily in electric vehicles to catch Tesla, dealerships enter the EV future, and business models being tested. |
| Branson’s Virgin Orbit in talks with former Goldman partner’s SPAC for $3 billion deal to go publicVirgin Orbit is in talks on a deal with NextGen Acquisition II, a special purpose acquisition company led by former Goldman Sachs partner George Mattson. |
| Confounding Its Critics: The Supreme Court Issues A Line Of Inconveniently Non-Ideological OpinionsConfounding Its Critics: The Supreme Court Issues A Line Of Inconveniently Non-Ideological Opinions Authored by Jonathan Turley, Below is my column in the Hill on decisions issued by the Supreme Court in recent weeks and how they have served as a retort to those who are calling for court packing or major changes in the institution. As noted below, we expect to see more ideological divisions emerge this and next week in some of the outstanding œbig ticket decisions. However, the Court seems to have front-loaded a line of cases refuting the arguments that it is dysfunctionally and hopelessly divided along ideological lines.
Here is the column: The Supreme Court this week continued to disappoint congressional Democrats and activists with a long line of embarrassingly unanimous, nonideol … |
| Monday Off To Explosive Start In Illinois, RussiaMonday Off To Explosive Start In Illinois, Russia An Illinois chemical plant is on fire Monday morning as a thick black column of smoke (possibly emitting dangerous chemicals into the atmosphere) prompted local authorities to evacuate residents within a one-mile radius of the facility.Â
Chemtool, a manufacturer of fluids, lubricants, and grease, erupted in flames around 0700 local time Monday. Multiple fire departments were called to 1165 Prairie Hill Road in Rockton, Illinois, for reports of smoke coming from the plant.Â
|
| Video Of Live Bats In Wuhan Lab Reveals Daszak Lied In Now-Deleted TweetVideo Of Live Bats In Wuhan Lab Reveals Daszak Lied In Now-Deleted Tweet Authored by Thomas Lifson via The American Thinker (emphasis ours) The cover-up of the probability that COVID-19 was deliberately created in the Wuhan Institute of Virology (WIV) has had profound consequences for the entire world, preventing early detection and countermeasures, as well as derailing informed research. One key element of that cover-up was the hiding of the fact that the Wuhan lab was working on bats, because the virus was a variant of an existing bat-borne virus. The cover story, that a wet market led to the dispersal of COVID-19, would have looked awfully weak had it been known that the WIV was creating new viruses from bats. Both the World Health Organization and Peter Daszak, who acted as an investigator for WHO, outright denied that the WIV had live bats in its research facility. |
| Major Mall Operator Washington Prime Group Files For Chapter 11 BankruptcyMajor Mall Operator Washington Prime Group Files For Chapter 11 Bankruptcy Late Sunday evening, Washington Prime Group Inc., a mall owner with more than 100 shopping centers nationwide, filed for Chapter 11 bankruptcy protection, citing the virus pandemic paralyzed their business, according to a company press release. According to documents filed in the U.S. Bankruptcy Court for the Southern District of Texas, the Ohio-based mall operator was spun off from the largest mall operator, Simon Property Group, in 2014. The bankrupted company currently has 102 malls and strip centers across the country. Washington Prime’s Property PortfolioÂ
Washington Prime will continue to operate after striking a restructuring deal with creditors, led by SVPGlobal, that hold … |
| Delaying lockdown easing will have ‘critical impact’ on businessPlans to keep Covid rules in place for an extra month will hurt clubs and restaurants, say trade groups. |
| JD Sports chairman rejects criticism of £4.3m bonusPeter Cowgill tells the BBC that the “lion’s share” of the pay award related to work done pre-January 2019. |
| Grenfell Tower: Survivor warns lives are still in dangerOn the fourth anniversary of the Grenfell Tower fire, a former resident fears another disaster will happen. |
| Rubber futures test Rs 17,000 mark. Time to take positions?On MCX, rubber futures for June 30 delivery quoted at Rs 17,200 per 100 kg, down by Rs 7 or 0.04 per cent, having fluctuated around the flatline between Rs 16,960 and Rs 17,325 earlier in the day. |
| Adani Group shares shed $6 bn despite rejecting reports on investorsAdani Group flagship Adani Enterprises closed down 6.3% after plunging as much as 25%, its steepest fall in nearly a decade. |
| Bitcoin climbs above $40,000 after Musk says Tesla could use it againBitcoin has gyrated to Musk’s views for months since Tesla announced a $1.5 billion bitcoin purchase in February and said it would take the cryptocurrency in payment. |
| NewsWatch: Meme-stock traders start to converge on shares of insulin-pump maker SenseonicsSenseonics is flying as high short interest and a huge surge in social media mentions fuels another œMemic Monday. |
| Outside the Box: Jeff Bezos’ planned space flight once again shows how long-term thinking pays offBezos’ Blue Origin launch hasn’t gotten as much fanfare as Elon Musk’s stream of SpaceX successes, but it’s a dream many years in the making. |
| : Lordstown stock plunges over 20% after CEO and CFO resignLordstown Motors Corp. shares tank more than 20% after the electric-truck maker says its two top executives, including its founder, have resigned. |
Earnings Summary for Today
leading Stock Positions
Current Commodity Prices
Commodities are powered by Investing.com
Current Currency Crosses
The Forex Quotes are powered by Investing.com.
To contact me with questions, comments or constructive criticism is always encouraged and appreciated:
