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Monday, October 19, 2020

ESPN Has Nearly $1 Billion In Ad Revenue Hanging In The Balance Of College...

Disney's ESPN has almost $1 billion in ads hinging on whether or not college football season is going to happen this year. The only question now is whether or not the season is going to take place. ESPN owns two conference networks and has deals to televise every major bowl game. The network also owns many…

$650 Billion Facebook To Cut Pay Of Remote Workers Moving To Lower Cost-Of-Living Areas

Want to work at home? It's going to cost you... While the headline this week was mostly that Facebook is encouraging its workers to stay home and that CEO Mark Zuckerberg predicted more than 50% of the company's employees could be working from home within the next 5 to 10 years, another headline slipped through…

992 Billion Reasons Why The Fed Needs Another Market Crash In The Next Few...

Speaking in a video conference organized by the Peterson Institute, turbo money printer Jerome Powell today reassured the market that negative rates are not something the Fed - which expanded its balance sheet by $2.6 trillion in the past two months - is contemplating now. Of course, that will change after the next market crash…

$3.5 Billion Has Flowed From U.S. Taxpayers To The World Health Organization Since 2010

Submitted by Adam Andrzejewski, first published in Forbes With his recent vow to halt and reassess all aid to the World Health Organization (WHO), President Trump legitimized critics who allege that the agency shielded information from the world about the lethality of the coronavirus and its ability to spread by human-to-human contact. The WHO delegation…

Buffett Lost $90 Billion By Not Following His Own Advice

Authored by Lance Roberts via RealInvestmentAdvice.com, Every year, investors anxiously await the release of Warren Buffett’s annual letter to see what the “Oracle of Omaha” has to say about the markets, economy, and where he is placing his money. Before we blindly heed Buffett’s advice we must factor in that he has long been a source of…

The $60 Billion Puke: Here Comes The Systematic Selling… And Watch The Russell 2000

When we commented on the dramatic reversal in market positioning as a result of yesterday's market plunge, we said that in addition to the sudden lack of dealer gamma, much of which vaporized after Friday's, OpEx, and which had provided a buffer to any substantial selloff pressure... ... the next big catalyst was whether or…

The Fed Just Monetized $6.4 Billion In Debt Sold Earlier This Week

Yesterday, when looking at the details of the Fed's ongoing QE4, we pointed out that the New York Fed was now actively purchasing T-Bills that had been issued just days earlier by the US Treasury, and which settled the day of the permanent open market operation, or POMO. As a reminder, the Fed is prohibited…

$3 Billion, 300-Acre MegaCity Envisioned For California’s Record Homeless… But There’s A Twist

Ask any San Franciscan what the state of California has an excess of and the most likely answer will be homeless people (and their excrement, especially with the liberal mecca recording as many as 16,000 "feces complaints" in one week ). Actually, ask just about anyone and the answer will be the same: after all…

$38 Billion In 3Y Treasuries Sell At Lowest Yield Since Nov 2016

A new week of coupon auctions has started with the Treasury selling $38 billion in 3Y paper stopping out at a high yield of 1.4130%, which while tailing the When Issued 1.409% by 0.4bps, was the lowest 3Y yield since November 2016 and below last month's 1.573% as short end yields have resumed collapsing amid…

A Dive Into WeWork’s $3.3 Billion In CMBS Exposure

Authored by Manus Clancy & Catherline Liu, follow up to "Here Are The Billions Of Loans Exposed To A Potential WeWork Bankruptcy" Worrisome news surrounding WeWork continues to stream in after the co-working giant’s recent IPO postponement, with the firm’s roster of high-profile staff departures growing by the day and S&P executing a downgrade of…
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