Brent Nyitray
Fairlington Blade
Let the mutherfuker burn!
jnc4p
Kevin S. Willis
Michigoose
lmsinca
markinaustin
Memetrics
novahockey
quarterback
ScottC
yellojktVital Statistics:
| Last | Change | |
| S&P futures | 3104 | -14.1 |
| Oil (WTI) | 36.84 | 0.39 |
| 10 year government bond yield | 0.78% | |
| 30 year fixed rate mortgage | 3.23% |
Stocks are lower this morning on no real news. Bonds and MBS are down.
Initial jobless claims fell to 1.9 million last week. Separately, Challenger and Gray reported that 397,000 job cuts were announced last month.
Homebuilder Hovnanian reported a 22% increase in revenues for the second quarter. The cancellation rate ticked up slightly, but it looks like the homebuilders are seeing a recovery already. We should hear from Lennar and KB Home in a week or two.
Productivity was revised upward in the first quarter to -0.9% and unit labor costs were revised upward to 5.1%.
It looks like June rental payments are falling a touch, after holding up reasonably well in April and May. According to a survey, 37% of all New York City renters don’t have the money to pay June rent.
Another sign the recovery is upon us: Investors are starting to pick at bank stocks. “There’s optimism things will be better a year from now. And because banks have trailed just about everything else in the market they’re being dragged up,” said Rick Meckler, partner at Cherry Lane Investments, in New Vernon, New Jersey.
Filed under: Economy, Morning Report |
All Things in Moderation 
LOL
https://babylonbee.com/news/churchgoers-avoid-arrest-by-disguising-themselves-as-rioters?utm_content=buffer8a3a5&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
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anyone else in favor of pull the nat. guard out.
having the police stand down. and just let it burn itself out.
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once the photo ops disappear people might move onto the next shiny object
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I’m fully behind the Defund The Police movement. New York, LA, Chicago, Philadelphia, you name it. Get rid of all the cops! At this point, what do they have to lose?
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Replace them with local “Suburb Patrols”. Warn minorities to avoid the suburbs, because there are police there and it could be dangerous for them.
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I’m open to it. I might not feel that way if I had a house or business in the line of fire, however.
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It’s funny because it’s true. Or do I mean sad?
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McWing:
The Lancet retracts the chloroquine study.
https://thefederalist.com/2020/06/04/lancet-formally-retracts-fake-hydroxychloroquine-study-used-by-media-to-attack-trump-inbox/
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sCiEncE
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Their problem was not including in the fake study some fake data on how using chloroquine harms the environment. Doing so would have insured there would be zero scrutiny.
Lesson learned.
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Does anybody stick to rules anymore? Does anybody follow processes and principles and data, as opposed to their feelz?
This is just nuts.
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Fascinating
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I thought religious gatherings were outlawed due to ‘rona.
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Every knee shall bend.
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I saw that. I’m hoping that it was staged. It’s truly sad it it’s not.
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Agreed. But you never know these days.
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I like these guys.
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