11Apr2018 Market Close: Wall Street Sea-saws Mostly Sideways In Negative Territory, DOW Closes Down 219 Points Near Session Low, WTI Crude Settles Near The 67 Handle, Gold Index Slips Off Session Highs

Facebook CEO says his own data was shared by Cambridge Analytica

WASHINGTON/SAN FRANCISCO (Reuters) – Mark Zuckerberg on Wednesday told lawmakers he was among the 87 million Facebook Inc users whose data was improperly shared with a political consultancy, but rejected suggestions that users do not have enough control over their data on the world’s largest social media network.

Wall Street moves lower after release of Fed minutes

NEW YORK (Reuters) – U.S. stocks added to losses on Wednesday after the release of minutes from the Federal Open Market Committee showed some concern that rising inflation might require a faster pace of interest rate hikes than anticipated.

Federal Reserve policymakers all saw strengthening economy, inflation: minutes

WASHINGTON (Reuters) – All of the Federal Reserve’s policymakers felt that the U.S. economy would firm further and that inflation would rise in the coming months, minutes of the central bank’s last policy meeting on March 20-21 released on Wednesday showed.

Exclusive: Tesla targets November 2019 for start of Model Y production – sources

SAN FRANCISCO (Reuters) – Tesla Inc is targeting November 2019 as the start of production for its Model Y sport utility vehicle, with production in China to begin two years later, two sources told Reuters this week, shedding some light on the electric vehicle maker’s next project that could tax its resources and capacity.

Economist tells U.S. judge AT&T-Time Warner deal would harm consumers

WASHINGTON (Reuters) – The U.S. Justice Department called an economist on Wednesday to testify that allowing AT&T to purchase movie and TV production company Time Warner would cost consumers hundreds of millions of dollars, as the government wrapped up its efforts to convince a judge to stop the proposed deal.

Redstone weighs CBS-Viacom merger with or without Moonves

NEW YORK (Reuters) – As she seeks to combine CBS Corp and Viacom Inc into a single company, media mogul Shari Redstone risks losing her most talented executive, whose leadership could be critical to ensuring the proposed merger succeeds.

Family of Tesla crash driver hires law firm, questions autopilot

(Reuters) – The family of a driver killed in a Tesla car crash has hired law firm Minami Tamaki LLP to explore legal options, the law firm said on Wednesday, adding the Autopilot feature in the electric carmaker’s vehicle probably caused his death.

Toys ‘R’ Us gets $1 billion bids for 85 percent of Asian business: lawyer

(Reuters) – Retailer Toys ‘R’ Us has received multiple bids of more than $1 billion for an 85 percent stake in its Asian business as the bankrupt company moves ahead with plans to sell some non-U.S. operations, its lawyer Joshua Sussberg said on Wednesday.

Uber wants to do it all: ride-share, car-share, train tickets

WASHINGTON (Reuters) – Uber Technologies Inc [UBER.UL] is looking to be virtually a one-stop transportation shopping app, saying on Wednesday it will add new services, including car-sharing and train tickets.

Missiles & Minutes Spark Bond Bid As Stocks Skid

No good reason… just made me laugh…

As always, the US cash open sparked a buying panic sending stocks into the green after concerns overnight on Airstrike warnings and Trump’s tweets but any relief from Trump’s subsequent more-diplomatic tweet was lost as stocks rolled over hard.

Futures show the action best…

Small Caps managed to hold on to some gains today…NOTE – look at the disjointed nature of the moves on the afternoon downleg…

JFK-Trump S&P Analog – Trading Day 356

It’s now or never…

Source: Global Macro Monitor

6 Simple Reasons Why Trump Is Going To War In Syria

Authored by Alex Christoforou via TheDuran.com,

POTUS Trump knows that the chemical attack in Syria is a hoax and false flag.

The mainstream media knows that the chemical attack in Syria is a hoax and false flag.

All of Congress knows that the chemical attack in Syria is a hoax and false flag.

The entire world knows that Assad is not that stupid (he is a doctor and ophthalmologist) so as to gas women and children at the very moment he is winning the war in Syria…launching a chemical weapons strike for shits and giggle, moments after Trump announced a US pullout from Syria.

Gartman Covers Half His Short, Stocks Slide

Yesterday, just as stocks soared following the greatly misinterpreted Xi Jinping comments, we noted that the market’s most accurate – if in a tragically inverted fashion – forecaster, Dennis Gartman, said that he was “considering turning bullish again”, clearly ignoring his “watershed” call for a multi-year market top.

At the moment we are neutral of shares for we have no position, but we shall admit that the rally from nearly 2585 in the nearby S&P futures to nearly 2645-2655 we would have had our bearish interest for as we write all we’ve seen thus far is yet another “inside day” where the trading action thus far has been contained “inside” that of the day previous. This was precisely what we’d seen the day previous and as we said here yesterday, “Inside days” are almost always continuation patterns that resolve themselves in the direction that the market was travelling previously. But…and again here is one of those very important “Buts’… Xi has us remaining on the sidelines, refusing to take bearish action and actually considering doing precisely the opposite.

Fast forward to this morning, when after yesterday’s face-ripping rally, Gartman finally had enough, and “watershed” call or not, decided to cover half his bearish call:

the rallies have been impressive and certainly they’ve been sufficient to have our bullish interest reawakened… something we’ve rather obviously not said since March 14th when we wrote our Watershed report and turned materially bearish of shares. However, as we said yesterday, Xi’s speech yesterday might have been a “Game changer.” Certainly, it appears to have been thus far… As for our retirement account, we did make a small adjustment in our positions, covering in half of the short position in the derivatives we had e …

Ant Financial’s Mysterious Valuation Inflation

The Alibaba affiliate is now apparently worth $150 billion, even as shadows spread over its growth and profitability.

Coal Is About to Lose Face in China

BHP, the world’s largest miner, has announced it is leaving the World Coal Association. The sector’s real problem isn’t in Australia, however: It’s in China.

Zuckerberg Pleases Investors, for Now

Facebook CEO’s appearance before Congress goes well but market is underestimating possible hit to company’s very profitable business model.

The Fed: Fed discussed need to slow the U.S. economy down, minutes show

The Fed discussed the possible need to raise interest rates to a level to restrain the economy, according to minutes of the Fed’s March meeting released Wednesday.

Market Extra: Geopolitical risk matters again. Here’s what it means for the markets

Financial markets seemed to brush off geopolitical worries in 2017. It’s a different story in 2018, and that’s allowing commodities to outperform.