Why Did China Reserve A Vast Offshore Airspace For 40 Days Without Explanation?

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,...

Qatari LNG Tanker Abruptly U-Turns In Hormuz Chokepoint After Weekend Transit Breakthrough Day 72 of the U.S.-Iran conflict opened with yet another failed diplomatic off-ramp. Tehran on Sunday submitted a counterproposal to the Trump administration's plan to end the war, but President Trump swiftly rejected it as "totally unacceptable," pushing WTI crude futures roughly 3% higher to $98 a barrel as traders slightly repriced the war-risk premium higher for a prolonged Strait of Hormuz disruption. Tehran's counterproposal was a major focus over the weekend, but what caught our attention Saturday morning was...

Senators Close To Deal To End Airport TSA Crisis As Americans' Fury Mounts With no-shows by unpaid TSA agents imposing hours-long security-line waits and missed flights on flyers at major airports across the country, senators on Monday night signaled that a deal to end the TSA crisis is finally within sight. The leap toward a deal followed a White House meeting of a group of Republican senators hosted by President Trump. “It went really well,” said Alabama Sen. Katie Britt, who was among the attendees. Asked if the group had a solution...