Israel Threatens Lebanon’s Civilian Infrastructure Will Be ‘Hit Hard’ If Hezbollah Is Involved in Iran War

"Stocks Should Go Up, Not Down": Trump Rages At Market Reaction To 'Great' Jobs Report Global capital markets are a mess following this morning's hotter than expected rise in US employment. Nasdaq is down 2%... Yields are spiking dramatically... The dollar is rampaging higher... And Gold (and bitcoin) are getting clubbed like a baby seal... All of which prompted President Trump to exclaim that "stocks should go up, not down" on the back of a strong jobs report: It appears the President has not been watching for the last couple of decades as The Fed has...

WTI Extends Gains, Shrugs Off SPR Release Amid Crude Build, Dip In US Production Oil prices are higher this morning, shrugging off the well-telegraphed (and practically useless) SPR release. "Oil prices remain volatile and risk sentiment fragile and trading is on the headlines and rapidly evolving conflict in the Middle East," noted Neil Wilson, Saxo UK investor strategist. And while, the main drivers of crude prices remain more global, the domestic supply and demand situation remains noteworthy based on its impact on gasoline (pump) prices. API Crude -1.7mm (+1.1mm exp) Cushing Gasoline -1.8mm Distillates -2.3mm DOE Crude +3.82mm (+1.1mm...

Florida & Texas Lead Jobless Claims Rebound From Near Record Lows The number of Americans filing for unemployment benefits for the first time rose last week to 211k (more than the 205k expected), but remain well within the range of the last five years, near record lows... Source: Bloomberg Florida and Texas saw the biggest rise in initial claims while California and Michigan saw the largest declines... Continuing jobless claims also rose modestly last week, up to 1.782mm Americans (but still well below the 1.9mm Maginot Line)... Source: Bloomberg Combined with last week's positive payrolls...