US Fighter Jet Downed In Iran, Large Aerial Search Underway For Crew

Trump May Pull Out Of 'Paper Tiger' NATO After Starmer Stiffs Strait Support In a blistering exclusive interview with The Telegraph, President Trump has declared he is "strongly considering" pulling the United States out of NATO, branding the 77-year-old alliance a "paper tiger" after European allies - including the UK under Prime Minister Sir Keir Starmer - refused to join America’s military campaign against Iran or help reopen the Strait of Hormuz. Trump told the newspaper the decision was now “beyond reconsideration,” adding: “I was never swayed by Nato. I always knew...

ADP Employment Reports Shows Better Than Expected Job Gains, Accelerating Wages Hiring and pay gains both held steady in March. The ADP National Employment report printed a better than expected +62k jobs added in March (+40k exp) and modestly down from an upwardly revised 66k in February. That is the ninth straight month of job gains. Source: Bloomberg The smallest employers drove job growth for a second month, while hiring in trade, transportation, and utilities continued to decline. "Overall hiring is steady, but job growth continues to favor certain industries, including health care. In March,...

WTI Extends Losses After Biggest Crude Build In 3 Years Oil prices are sliding this morning following as an over-supplied market (API reported a huge 11.4mm barrel build last week) beats the geopolitical risk premia (with the US poised to attack Iran). "Iran, rather than backing down and agreeing to all and any term [U.S. President Trump] is placing on the table (as he had expected), is instead daring him to attack. "Just you try it and you will see what you will get!" is kind of what Iran implicitly said...