Spanking Children is Immoral and Ineffective

Core US Factory Orders Better Than Expected In December While sentiment is sagging to multi-year lows, 'hard' data is helping support growth forecasts (GDPNOW) and holding stocks at record highs. This morning we get a fresh glimpse at America's manufacturing segment - hard data - with Orders data (which is expected to drop MoM in December). After surging higher in November (+2.7% MoM), analysts expected US Factory Orders to drop 0.6% MoM in December but the actual print disappointed, dropping 0.7% MoM Source: Bloomberg Interestingly, Core Factory Orders rose 0.4% MoM - better than...

Iraq’s Coordination Framework is still putting forward Nouri al-Maliki as its candidate for prime minister, despite President Trump loudly and repeatedly demand he be withdrawn. The US is now reportedly setting a deadline of Friday, February 27, to end the candidacy or face unspecified repercussions. If that sounds familiar, it’s because the US had similarly […]

Delta Air Lines Erases All 'Epic Fury' Losses As In-House Refinery Cushions Fuel Shock Delta Air Lines soared in premarket trading on a combination of the U.S.-Iran ceasefire and stronger-than-expected first-quarter results, with the carrier's in-house refinery helping to lower the average jet fuel price for its fleet in the first quarter, making it appear to be one of the better-positioned carriers than most peers to withstand an energy shock. Even without a ceasefire in the Middle East, Delta's first-quarter results only exemplified its strategic advantage over peers: its Trainer refinery...