Dow Dumped At Cash Market Open After 3M Extends Losses
(Over $700m 'bought' in TSLA with those crappy number's/cash burn at $10m daily and a capital raise to boot)
3M is down over 10% - the biggest drop in 9 years - and Dow futures, after a brief attempt to rally back, have tumbled to fresh lows as the cash market open sees no dip-buying rescue.
To 3-month lows.
Weighing down the Dow notably.
Treasury yields are reversing an early rise.
(let's pile into Bonds now as where else ya gonna go?-Cap #2 and has gotten a little bit of space but currently erasing that as the mkt tries to come back)
https://www.zerohedge.com/news/2019-04-25/dow-dumped-cash-market-open-after-3m-extends-losses
MMM (3M)
-21.09 (-9.63%)
Volume 3,455,159
Avg. Volume 2,049,425
TSLA
-3.82 (-1.48%)
Volume 5,346,883
Avg. Volume 8,783,522
Microsoft Corporation (MSFT)
+5.07 (+4.06%)
Volume 12,289,138
Avg. Volume 25,575,156
New Age Beverages Corporation (NBEV)
+0.25 (+4.48%)
Volume 7,460,275
Avg. Volume 7,375,121
Facebook, Inc. (FB)
+11.30 (+6.19%)
Volume 20,444,262
Avg. Volume 18,220,040
Various volume and percentage drop sauce
https://finance.yahoo.com/
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
and fucking facebook still say's it's ad revenue is 'humming' right along. Has anyone here ever clicked on one of those ads?
rhetorical question of course.
trips confirm
Putin says U.S. guarantees unlikely to prompt North Korea to de-nuclearize
VLADIVOSTOK, Russia (Reuters) - Russian President Vladimir Putin said after holding his first face-to-face talks with North Korean leader Kim Jong Un on Thursday that U.S. security guarantees would probably not be enough to persuade Pyongyang to shut its nuclear program.
Putin and Kim held a day of talks on an island off the Russian Pacific city of Vladivostok two months after Kim’s summit with U.S. President Donald Trump ended in disagreement, cooling hopes of a breakthrough in the decades-old nuclear row.
The talks between Putin and Kim did not appear to have yielded any major breakthrough.
But Putin, keen to use the summit to burnish Russia’s diplomatic credentials as a global player, said he believed any U.S. guarantees might need to be supported by the other nations involved in previous six-way talks on the nuclear issue.
That would mean including Russia, China, Japan and South Korea as well as the United States and North Korea, a long-standing format that has been sidelined by unilateral U.S. efforts to broker a deal.
“They (the North Koreans) only need guarantees about their security. That’s it. All of us together need to think about this,” Putin told reporters after talks with Kim.
“…I’m deeply convinced that if we get to a situation when some kind of security guarantees are needed from one party, in this case for North Korea, that it won’t be possible to get by without international guarantees. It’s unlikely that any agreements between two countries will be enough.”
Such guarantees would have to be international, legally-binding, and vouch for North Korea’s sovereignty, said Putin.
The two leaders appeared to get on well. The first session between Putin and Kim, comprising one-on-one talks with just a few aides present, lasted twice as long as the 50 minutes allocated in the schedule.
Putin described Kim as “quite open” and as “thoughtful” and “interesting”.
Promising to brief the Chinese and U.S. leadership about his talks, Putin said he thought a deal on Pyongyang’s nuclear program was possible and that the way to get there was to move forward step-by-step in order to build trust.
Kim, who arrived in Vladivostok on Wednesday on board his armored train, said the situation on the Korean peninsula “is an issue that the world is very interested in”.
He did not speak to the media afterwards, but shook hands with Putin before being driven away in his limousine.
The two leaders had earlier attended a gala dinner where they toasted each other and watched traditional musical numbers and dancing performed by Russian artists.
https://www.reuters.com/article/us-northkorea-russia/putin-says-u-s-guarantees-unlikely-to-prompt-north-korea-to-de-nuclearize-idUSKCN1S02TP?il=0
"Berman"
Read my mind anon. Add VP and Lavrov for the int'l part and I'm set
derp!
UPDATE 1-Britain and China to hold new round of financial talks in London in June
LONDON, April 25 (Reuters) - Britain and China will hold the next round of their Economic and Financial Dialogue (EFD) in mid-June in London, a British Treasury source said on Thursday after reports suggested that talks had been delayed by diplomatic tension.
The EFD has been used in the past to announce closer cooperation on trade and banking initiatives, and to sign commercial contracts.
The talks were agreed during finance minister Philip Hammond’s visit to China to speak at a summit of China’s Belt and Road Initiative, championed by President Xi Jinping, which envisions rebuilding the old Silk Road to connect China to Asia and beyond with extensive infrastructure investment.
Relations between London and Beijing have been strained in recent years, most notably after a British warship sailed close to islands claimed by China last August.
In that light, Britain will view the agreement of potentially lucrative talks as a success and a step closer to rebuilding the close ties seen earlier in the decade when then-finance minister George Osborne successfully courted Chinese investment.
Earlier on Thursday, Chinese Vice Premier Hu Chunhua expressed regret to Hammond that the South China Sea issue had harmed ties, and that he hoped Britain could “respect China’s core interests and important concerns”.
https://www.reuters.com/article/britain-china-efd-idUSL5N22779I