When Our Word is No Longer Good

Trump Says US "Ready To Help" After Twin Quakes Level Apartment Towers In Venezuela, USGS Warns Death Toll Could Hit 100K Summary Buildings collapsed in several districts of Caracas Venezuela declared a state of emergency after the earthquakes  Secretary of State Marco Rubio Deploys First Responders  Trump Says "U.S.A. stands ready, willing, and able to help"  USGS Says Quakes May Prompt "International Response"  USGS Fears Death Toll Ranging Between 10k - 100k  The twin quakes that rocked the Caracas metro area overnight may result in a death toll ranging between 10,000 and 100,000, according to U.S. Geological...

US Jobs Jump 115K, Smashing Estimates; Umemployment Rate Unchanged At 4.3% In his preview of today's NFP report, Goldman's Delta One head wrote that "NFP almost feels like a sideshow at this point. You can argue weak labor data gives a Warsh led Fed enough cover to cut, but with oil and input inflation still elevated there’s also an argument that a weakening labor market alongside a constrained Fed is actually the more difficult combination for risk assets." With that in mind, moments ago the BLS reported that in April the...

Qatar Halts Push To Ramp Up LNG Production After Hormuz Tanker Strikes Less than a month after Reuters reported that QatarEnergy was ready to resume LNG production ​at its Ras Laffan LNG plant "very quickly" ‌and expected to reach within a month full output of facilities unaffected by Iranian strikes, this morning Bloomberg reports that Qatar is pausing efforts to rapidly revive production at the world’s largest LNG facility, after an attack on one of its tankers in the Strait of Hormuz raised fears that transit through the crucial waterway...