Beijing Cries Foul Over Chinese Scientist's Death Following Alleged US Interrogation - Feds Tight-Lipped

Israeli forces killed at least two Palestinians in Gaza on Wednesday, a day before President Trump will convene the so-called “Board of Peace,” which is meant to oversee the ceasefire that the IDF has constantly violated. According to an Al Jazeera correspondent, a child was killed by an Israeli drone in northern Gaza when it […]

Tesla Earnings Preview: "Braced For A Miss" Tesla reports after the US market close on Wednesday and according to the UBS trading desk, there has been very little discussion around TSLA lately, with the stock drifting 14% lower for most of the year until last week, when it squeezed higher to trade just below $390.  The company has been the laggard among mega-cap peers despite still-lofty expectations. Consensus points to 1Q revenue of about $22.7 billion, with adjusted EPS around 38 cents and roughly 25 cents on a reported basis, even...

Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute). We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...