Nike Turnaround Falters As UBS Says There's "No Reason To Buy" Stock

Another Wall Street Giant Is Plotting Its Escape From Mamdani's New York City: Report It looks like Citadel isn’t the only Wall Street giant looking for the exits as New York City Mayor Zohran Mamdani (D) continues his commie Robinhood thing on the city’s richest. Fox Business Network’s Charles Gasparino reported Wednesday that the Manhattan-headquartered private equity giant Apollo is preparing to establish what insiders describe as a “second headquarters” in either Florida or Texas. A formal announcement on the location is expected within weeks. The move would build on Apollo’s earlier...

Average 2Y Auction Stops Through, Has Highest Yield Since Jan 2025 In the week's first coupon auction, moments ago the Treasury sold $69BN in 2Y notes at a high yield of 4.189%, up from 4.071% and the highest yield since January 2025; the auction also stopped through the When Issued 4.192% by 0.3bps, the biggest through since January. The bid to cover was perfectly average at 2.643, unchanged from last month's 2.640 and right on top of the recent average of 2.61. Internals were a bit on the weak side, with Indirects...

NOAA Winter Outlook: Record El Niño Points To Wetter South, Warmer North El Niño is a warm patch of water in the equatorial Pacific that shows up every few years and confuses everyone as to what it's actually going to do. When the eastern Pacific runs hot, the jet stream drops south and drags the storm track with it. That is why a water temperature reading off South America decides whether California floods and the Gulf gets hammered. NOAA's winter outlook, released this morning, favors a wetter than average December through...