22Mar2019 Market Close: Wall Street Seriously Stumbles As The DOW Closes Down 460 Points, Weak Factory Data, Inversion Of US Treasury Yields Spells Trouble

Yield curve inverts for first time since 2007 on global growth worries

U.S. markets received a clear warning of coming recession on Friday when the spread between yields on three-month Treasury bills and 10-year notes fell below zero for the first time since 2007 after U.S. manufacturing data missed estimates.

In foreboding sign for U.S. economy, factory sector softens

U.S. manufacturing activity unexpectedly cooled in March, a troubling sign for the economy although the housing market showed signs lower interest rates were giving it a boost.

Former NBA star Shaquille O’Neal joins Papa John’s board

Pizza chain Papa John’s International Inc, trying to recover from a string of high-profile public relations blunders, on Friday named former basketball star Shaquille O’Neal as its newest board member, brand ambassador and investor.

Wall Street stumbles as investors spooked by signs of economic slowdown

Wall Street stocks sold off sharply on Friday, with all three major U.S. stock indexes dropping between 1 and 2 percent as weak factory data from the United States and Europe led to an inversion of U.S. Treasury yields, fueling fears of a global economic downturn.

U.S. Treasuries signal trouble, stocks fall after weak data

Stocks around the world fell and U.S. Treasuries yields sent out warning signs of a possible recession on Friday after weaker-than-expected U.S. and European data intensified fears of a global economic slowdown.

Indonesian airline cancels Boeing 737 MAX order, American pilots to test software fix

Indonesian airline Garuda plans to cancel a $6 billion order for Boeing 737 MAX jets because some passengers say they would be frightened to board the plane after two fatal crashes, although industry analysts said the deal had long been in doubt.

JPMorgan Chase tests neuroscience-based video games to recruit interns

JPMorgan Chase & Co is testing neuroscience-based video games to help recruit interns, as it seeks to increase the diversity of its workforce by broadening its candidate pool.

Global growth rebound hopes hit by weak factory data

Manufacturers in Europe, Japan and the United States suffered in March as surveys showed trade tensions had left their mark on factory output, a setback for hopes the global economy might be turning the corner on its slowdown.

Tiffany sticks to 2019 targets, helped by e-commerce; shares rebound

Luxury retailer Tiffany & Co said Friday it expected earnings growth to resume in the second half of the year, helped by a healthy e-commerce business, a forecast that allowed investors to look past slightly disappointing quarterly sales.

Bank Bloodbath Brings Down ‘Bull Market’ As Yield Curve Crashes

Bonds, Bullion, & The Greenback are all higher since The Fed threw in the towel… stocks are lower…

Recession Odds Are Soaring

Why is the inversion of the 3 Month-10 Year curve – the first since 2007 – such a momentous occasion? Because not only is said inversion the most accurate recession leading indicator, having correctly “predicted” the last 6 recessions with no false positives, most recently inverting in 1989, in 2000 and in 2006, with recessions prompting starting in 1990, 2001 and 2008….

Watch As Canadian Lawmaker Accuses Trudeau Of Being A “Fake Feminist”

Canada’s feminist-in-chief Justin Trudeau wants to support and empower women…but his support stops at the point where said women start creating problems for his political agenda.

That was the criticism levied against the prime minister on Friday by a conservative lawmaker, who took the PM to task for “muzzling strong, principled women” during a debate in the House of Commons.

Illinois’ Demographic Collapse Continues: Get Out As Soon As You Can

Authored by Ted Dabrowski and John Klingner via WirePoints.com,

Since the turn of the century, Illinois has been in the midst of a perfect demographic storm. Residents are leaving the state in record numbers. The number of Americans moving into Illinois has hit new lows. Net foreign immigration has fallen by half. And the number of births has dropped by more than 20 percent.

These demographic forces have all combined into a single troubling fact: Illinois is shrinking. The state has lost population five years in a row. In 2018 alone, the state lost 45,000 people, the second-biggest population drop in the country.

This incentive actually gets workers to stick with a wellness program

Employees rewarded with gift cards were more likely to complete wellness challenges in a new study.

Bond Report: Treasury yield curve inverts for first time since 2007, igniting recession anxieties

A closely watched measure of the U.S. Treasury yield curve binverted Friday, with the yield on the 10-year Treasury note dipping below the 3-month yield, stoking investor worries over a potential recession.

Key Words: How to tell if you are a ‘snowplow parent’

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