Inflation Expectations Jump To 3 Year High As Financial Pessimism Surges: NY Fed Survey Ahead of tomorrow’s jobs report which is expected to show a substantial slowdown from last month’s 178K surge, moments ago we got another reminder that the stagflationary iceberg remains front and center ahead of the US, after the NY Fed’s latest monthly survey of consumer expectations reported that Inflation expectations at the one-year horizon […]

Boeing Shares Rise As CEO Set To Join Trump On China Trip, Fueling Aircraft Order Speculation Boeing shares rose in late-morning trading in New York after CNBC reported that CEO Kelly Ortberg will join President Trump on his trip to Beijing next week for talks with President Xi Jinping. Boeing shares climbed a little more than 2% on the news as traders began to price in the possibility of a Chinese aircraft order, potentially […]

Oil Rises After Iran Reiterates Nuclear Enrichment Red Line: “No Uranium Has Left The Country” Summary Iran national security commission ‘red line’: No uranium has left the country; The right to enrich uranium, the complete lifting of sanctions, and the release of the country’s assets are non-negotiable red lines. Sentiment in early morning trade was lifted after Al Arabiya reported that “the coming hours will witness a […]

Planet Fitness Crashes Most On Record After Membership Slump Hits Outlook Planet Fitness shares crashed the most on record, according to Bloomberg data going back to 2015, after the budget gym operator slashed its full-year outlook, citing weaker-than-expected new-member sign-ups during the first quarter. CEO Colleen Keating told analysts, “We faced some internal and external headwinds that impacted our join momentum […]

Beijing Flip-Flops, Asks Banks To Pause Loans To Sanctioned Refiners Days After Ordering Them To Ignore Sanctions Over the weekend, we reported that in what some called a “watershed moment”, Beijing ordered Chinese companies not to comply with US sanctions on five domestic refiners linked to the Iranian oil trade, deploying for the first time a blocking measure introduced in 2021 that was aimed at protecting its firms from foreign […]

Shake Shack Shares Crash Most On Record; McDonald’s CEO Warns Of Faltering Consumer Shake Shack shares crashed the most on record after the burger chain reported weaker-than-expected first-quarter revenue and adjusted EBITDA, with management blaming the miss on “significant weather impacts.” But the weather excuse may be masking a much larger problem: a weakening consumer increasingly pushing back against premium fast-casual […]

Hormuz To Year-End: Bullish Or Bearish? With hopes of a permanent truce being continually undermined by minor skirmishes and blockade infringements, it remains unclear whether this war is close to ending. And while oil prices gyrate from one Trump Truth post to the next, two weeks of Brent above $100/barrel (only just inching below as of this morning) suggests the market is not buying into the quick resolution narrative. Though it […]

Saudi Arabia Vs UAE By Benjamin Picton, Senior Market Strategist at Rabobank The Little Red Hen Markets are bulled-up this morning on prospects for peace in the Iran war. The S&P500 and NASDAQ closed at fresh all-time highs and Brent crude prices closed 7.8% lower at $101.27/bbl. While some analysts are understandably wary of another Axios report touting progress in Middle East relations (and therefore lower oil prices!), […]

eBay Nukes GameStop CEO’s Account After Buyout Stunt Well…  Why yes they did: “GameStop’s Highly Confident Letter from TD is contingent on the GME/Ebay combination being investment grade… and Moody’s said it won’t be”: David Faber, CNBC https://t.co/uhZbUF72qn — zerohedge (@zerohedge) May 7, 2026 GameStop CEO’s eBay Account Nuked  GameStop CEO Ryan Cohen revealed on X that his eBay account was suspended after he listed a […]

Marijuana Vendors Sued For Allegedly Not Warning Consumers Of Risks Authored by Matthew Vadum via The Epoch Times, Companies that legally sell recreational marijuana to adults are being sued in Illinois and Connecticut for allegedly not warning customers of the possible health problems caused by the drug. Attorneys for the plaintiffs say these proposed class actions—four in all—that were filed May 4 in federal and state […]

UAE Slips Hidden Oil Tankers Through Straits Of Hormuz While conventional wisdom, especially after Trump’s counter-blockade of Iran’s blockade, that the Strait of Hormuz is completely blocked, the reality is that the UAE is now running loaded crude tankers through the Iranian-controlled Strait of Hormuz with transponders switched off – just like sanctioned Iranian ghost fleets in the pre-war period – just to pry loose a fraction of […]

DOJ, CTFC Investigating $2.6 Billion In Suspicious Iran War Oil Trades U.S. authorities are investigating more than $2.6 billion in oil futures shorts that landed within minutes of major announcements tied to the 2026 U.S.-Iran conflict. The Department of Justice (DOJ) has joined the Commodity Futures Trading Commission (CFTC) in a widening inquiry into potential misuse of material non-public information in one of the most liquid […]

Goldman Cuts ARM To Sell On Shocking Smartphone Weakness Arm Holdings ADRs sank nearly 9% in premarket trading, on track for the largest intraday decline in almost a year, after the chip-architecture company reported softer-than-expected fiscal fourth-quarter royalty revenue tied to a slowdown in the smartphone industry, while assuring investors that data center demand can offset the slump. During an earnings call, Wells Fargo […]

Over 80% Of Young Adults Believe Economy Is ‘Bad/Terrible’ And We’re Seeing The Consequences All Over America Authored by Michael Snyder via The Economic Collapse blog, Decades of economic decline have brought this country to a breaking point. The vast majority of the population is barely scraping by from month to month as prices continue to rise, thousands of stores and restaurants close, foreclosures spike to alarming levels and […]

Jobless Claims & JOLTs Confirm ‘Higher Hire, No Fire’ Economy With JOLTs data showing record hiring (and ADP signaling acceleration in job additions), today we get some signal on firings as the number of Americans filing for unemployment benefits for the first time was at 200k last week (below the 205k exp) and continuing to languish near multi-decade lows (near 1967 lows!!)… Source: Bloomberg Non-seasonally adjusted […]

Trump Paused Project Freedom After Gulf Allies Reportedly Suspended Base, Airspace Access It’s no secret that America’s Gulf allies bore the brunt of Iran’s military retaliation in the wake of Operation Epic Fury. Now there are reports of Washington being brushed back when it comes to ongoing base access in the region. President Trump abruptly halted plans to support commercial shipping through the Strait of Hormuz after Saudi […]

“Semi-Irrational Chase” Sends Futures To Another Record High, Oil Drops On Iran Optimism The global market meltup is rolling on. US stock futures inch higher, but are off session highs, with oil falling for a third straight day as traders waited for updates on a potential US-Iran peace deal that would reopen oil flows through the Strait of Hormuz. As of 8:00am ET, S&P and Nasdaq futures were 0.1% higher, after the benchmarks […]

Jeffrey Epstein ‘Suicide Note’ Emerges A federal judge on Wednesday unsealed a purported suicide note attributed to Jeffrey Epstein, written before his first reported incident in July 2019 and discovered by his then-cellmate, Nicholas Tartaglione, tucked inside a graphic novel. The undated, unsigned document – released as part of Tartaglione’s unrelated criminal case docket – contains lines such as “They investigated me for month […]

Whirlpool Crashes After Iran Shock Sparks “Recession-Level” Appliance Slump Whirlpool shares crashed as much as 20% in premarket trading after the appliance maker slashed its full-year outlook and posted weaker-than-expected first-quarter results. Management directly blamed the three-month war in the Middle East for triggering a collapse in U.S. appliance demand. Whirlpool began the earnings release with this statement: “War in […]

Will Today’s British ‘Midterms’ Spark ‘Starmageddon’ For The Labour Party? All eyes on UK local elections (Britain’s ‘Midterms’) today. As JPMorgan’s Market Intel desk noted this morning, while the seats up do not influence national policy, Brits have historically used local and regional elections to punish the party in power in Westminster. Reform UK is expected to come out as the main beneficiary of the elections, with Labour […]

Gundlach Warns “Bagholders” Will “Lose Money” In Private Credit As BDCs Slash Asset Values, JPM Faces $500MM Loss In Biggest “Hung” Deal This Year Add another vocal warning to the chorus singing about the dangers of private credit.  DoubleLine CEO Jeffrey Gundlach, who has been especially critical of private credit for the past year warning last November that the space “has the same trappings as subprime mortgage repackaging had […]

Half Of Vienna Secondary School Students Are Now Muslim As Cultural Tensions Grow In Classrooms Authored by Thomas Brooke via Remix news, Almost half of students in Vienna’s public middle schools are now Muslim, according to new figures from the Vienna Education Directorate, marking the latest sign of a rapid demographic and cultural shift inside the Austrian capital’s classrooms. The data, cited by Heute, shows that Muslim […]

UK Jet Fuel Rationing Risks Emerge As Goldman Warns Of “Extreme Physical Tightness” Brent crude futures briefly tumbled below $100 a barrel on Wednesday morning after an Axios report indicated the Trump administration and Tehran were working toward a one-page memorandum of understanding to end the war and reopen the Strait of Hormuz. Still, any near-term peace deal would not immediately normalize the badly fractured global energy […]

Americans Will Foot The Bill For Germany’s New Drug Price Controls Authored by Drew Johnson via PJMedia.com, Germany just found a new way to lower its own healthcare costs: make Americans pay more. In late April, German policymakers proposed changes that cap spending growth, restrict care, and force drugmakers to provide steep discounts. These changes are supposed to save Germany money. But drugmakers still need to recoup the […]

Iran Oil Official In Surprise Admission: ‘Fate Of Our Refineries Now At Risk’ As US Blockade Begins To Bite Summary Iran oil sector official admits “serious threat” – telling NYT: “export of our oil and energy and the fate of our refineries is now at risk.” US Navy jet fires on Iran-flagged tanker trying to reach Iranian waters & port. Axios reports that the White House is nearing a preliminary deal with Iran to […]