Another weekend, another bank failure.
79% beat rate for earnings season - what does that mean?
Sinkhole alert! Comparing and contrasting past occurrences.
PLUS we are now on Spotify and Amazon Music/Podcasts!
Click HERE for Show Notes and Links
DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar.
Love the Show? Then how about a Donation?
Follow John C. Dvorak on Twitter
Follow Andrew Horowitz on Twitter
Warm Up
- Weekend bank failure and rescue
- EGG BOOK?
- NEAR MISS - Tornado Update
- Sinkhole alert!
- Fed releases the blame report for SVB
- BIG story on education and AI
Market Update
- Earnings Season - Statistically looking good
- Apple on tap this week
- Wednesday - Fed rate decision
- Friday - Employment Report
-Debt limit on investor's minds
JCD's take on Tucker Carlson's Firing...
Sinkhole Alert - What Does it Look Like?
Sinkhole
Recession Fears - Looks like this:
- Oil taking a leg down
- Gold on fire
- Stocks Down
-Bonds up
First Republic
- 2nd largest bank failure ever - seized by California regulators
- JP Morgan acquires
- "Our government invited us and others to step up, and we did," JPMorgan CEO Dimon said in a press release.
- "This acquisition modestly benefits our company overall, it is accretive to shareholders, it helps further advance our wealth strategy, and it is complementary to our existing franchise."
- In addition to most of First Republic's deposits, JPMorgan will pick up about $173 billion in loans and about $30 million of securities. It said it won't assume First Republic's corporate debt or preferred stock.
- JPM up 2.5%
- We Should BECOME A BANK!
KRE Bank Index
- Down 33% YTD
-Down 6% today - as WAL and PACW crash
- No Alice- The Banking Crisis is NOT over
- Why all these WESTERN banks?
Debt Limit
- Failing to increase the debt limit would have catastrophic economic consequences. It would cause the government to default on its legal obligations
- Congress has always acted when called upon to raise the debt limit. Since 1960, Congress has acted 78 separate times to permanently raise, temporarily extend, or revise the definition of the debt limit – 49 times under Republican presidents and 29 times under Democratic presidents. Congressional leaders in both parties have recognized that this is necessary.
- Yellen pulled forward date that
Bye Bye Nurses
- Almost a third of the nurses in the United States are considering leaving their profession after the COVID-19 pandemic left them overwhelmed and fatigued, according to a survey.
- The survey of over 18,000 nurses, conducted by AMN Healthcare Services Inc in January, showed on Monday that 30% of the participants are looking to quit their career, up 7 percentage points over 2021, when the pandemic-triggered wave of resignations began.
- The survey also showed that 36% of the nurses plan to continue working in the sector but may change workplaces.
Pay Half
- Pfizer Inc and BioNTech's new proposal to the European Union, amid a glut of COVID-19 shots, includes a provision for member states to pay half price, or about 10 euros ($11), for each of about 70 million cancelled doses, the Financial Times reported.
- In January, Reuters reported talks between the EU and the two drugmakers aimed at reducing up to 500 million COVID-19 vaccine doses Brussels has committed to buy this year in return for a higher price.
China Rebound?
- China's manufacturing activity unexpectedly shrank in April, official data showed on Sunday, raising pressure on policymakers seeking to boost an economy struggling for a post-COVID lift-off amid subdued global demand and persistent property weakness.
- The official manufacturing purchasing managers' index (PMI) declined to 49.2 from 51.9 in March, according to data from the National Bureau of Statistics, below the 50-point mark that separates expansion and contraction in activity...
79% beat rate for earnings season - what does that mean?
Sinkhole alert! Comparing and contrasting past occurrences.
PLUS we are now on Spotify and Amazon Music/Podcasts!
Click HERE for Show Notes and Links
DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar.
Love the Show? Then how about a Donation?
Follow John C. Dvorak on Twitter
Follow Andrew Horowitz on Twitter
Warm Up
- Weekend bank failure and rescue
- EGG BOOK?
- NEAR MISS - Tornado Update
- Sinkhole alert!
- Fed releases the blame report for SVB
- BIG story on education and AI
Market Update
- Earnings Season - Statistically looking good
- Apple on tap this week
- Wednesday - Fed rate decision
- Friday - Employment Report
-Debt limit on investor's minds
JCD's take on Tucker Carlson's Firing...
Sinkhole Alert - What Does it Look Like?
Sinkhole
Recession Fears - Looks like this:
- Oil taking a leg down
- Gold on fire
- Stocks Down
-Bonds up
First Republic
- 2nd largest bank failure ever - seized by California regulators
- JP Morgan acquires
- "Our government invited us and others to step up, and we did," JPMorgan CEO Dimon said in a press release.
- "This acquisition modestly benefits our company overall, it is accretive to shareholders, it helps further advance our wealth strategy, and it is complementary to our existing franchise."
- In addition to most of First Republic's deposits, JPMorgan will pick up about $173 billion in loans and about $30 million of securities. It said it won't assume First Republic's corporate debt or preferred stock.
- JPM up 2.5%
- We Should BECOME A BANK!
KRE Bank Index
- Down 33% YTD
-Down 6% today - as WAL and PACW crash
- No Alice- The Banking Crisis is NOT over
- Why all these WESTERN banks?
Debt Limit
- Failing to increase the debt limit would have catastrophic economic consequences. It would cause the government to default on its legal obligations
- Congress has always acted when called upon to raise the debt limit. Since 1960, Congress has acted 78 separate times to permanently raise, temporarily extend, or revise the definition of the debt limit – 49 times under Republican presidents and 29 times under Democratic presidents. Congressional leaders in both parties have recognized that this is necessary.
- Yellen pulled forward date that
Bye Bye Nurses
- Almost a third of the nurses in the United States are considering leaving their profession after the COVID-19 pandemic left them overwhelmed and fatigued, according to a survey.
- The survey of over 18,000 nurses, conducted by AMN Healthcare Services Inc in January, showed on Monday that 30% of the participants are looking to quit their career, up 7 percentage points over 2021, when the pandemic-triggered wave of resignations began.
- The survey also showed that 36% of the nurses plan to continue working in the sector but may change workplaces.
Pay Half
- Pfizer Inc and BioNTech's new proposal to the European Union, amid a glut of COVID-19 shots, includes a provision for member states to pay half price, or about 10 euros ($11), for each of about 70 million cancelled doses, the Financial Times reported.
- In January, Reuters reported talks between the EU and the two drugmakers aimed at reducing up to 500 million COVID-19 vaccine doses Brussels has committed to buy this year in return for a higher price.
China Rebound?
- China's manufacturing activity unexpectedly shrank in April, official data showed on Sunday, raising pressure on policymakers seeking to boost an economy struggling for a post-COVID lift-off amid subdued global demand and persistent property weakness.
- The official manufacturing purchasing managers' index (PMI) declined to 49.2 from 51.9 in March, according to data from the National Bureau of Statistics, below the 50-point mark that separates expansion and contraction in activity...
Activity