Rare Israeli Attack On Syria’s Palmyra Launched From US-Controlled Airspace Huge Israeli airstrikes rocked the outskirts of the central Syrian city of Palmyra on Wednesday, with regional reports saying the attacks were launched by Israeli jets utilizing US-controlled airspace over Al-Tanf military base in eastern Syria.  “Israeli warplanes launched a number of missiles from the airspace of the [US] base in the Al-Tanf area on […]

Waste Of The Day: Nuclear Commission Flies First Class Authored by Jeremy Portnoy via RealClearInvestigations, Topline: A recent inspector general audit of the Nuclear Regulatory Commission’s travel expenses found a slew of waste and potential fraud, including nearly $50,000 in unallowed first-class flights between 2020 and 2023. Key facts: Federal law requires most government employees to fly economy class, with exceptions […]

Nvidia Drops After Revenue Forecast Disappoints Exuberant Expectations Earlier today we wrote an extensive preview of what to expect from Nvidia’s Q3 earnings (here), but for those who missed it here is the summary: sky high expectations, which only go higher in 2025 and beyond when the full rollout of Blackwell is expected to hit the P&L, with everyone already long (Goldman desk positioning is 9 out of 10) and anything less […]

With 63% Of Voters Demanding Her Recall, Soros-Backed Bay Area District Attorney Concedes Authored by Kimberley Hayek via The Epoch Times, Alameda County District Attorney Pamela Price conceded her recall election on Monday, nearly a week after Bay Area voters expressed their frustration with crime and homelessness by voting out multiple progressive leaders. According to unofficial results as of Nov. 20, 63.1 percent of voters […]

Missiles, Michelle, & Missed Targets Spark Stock Dump’n’Pump; Bitcoin & Gold Jump Geopolitically, more missiles were reported to have been sent into Russia overnight and that dragged stocks down early… and the micro and the macro kept stocks down for most of the day. Late on, buyers appeared as FOMO spread ahead of NVDA’s earnings. That lifted The Dow into the green for the day… On the Micro side, it was all about […]

US Is Lone Veto Of Gaza Ceasefire Call At UN, Citing It Neglects Hostages The United States has again used its veto, blocking the fourth UN Security Council resolution on Gaza since the war began. The comprehensive resolution called for an “immediate, unconditional and permanent ceasefire.” UN News writes: United States vetoes Security Council draft resolution that would have demanded an immediate, unconditional and permanent […]

Court Dismisses California’s Lawsuit Against City’s Voter ID Law Authored by Jill McLaughlin via The Epoch Times (emphasis ours), California Supreme Court ruled on Nov. 15 to toss out the state’s lawsuit against Huntington Beach’s voter ID law, but they expect the state attorney general to continue fighting it. People wait to vote at the Joslyn Park center in Santa Monica, Calif. on Nov. 5, 2024. Apu Gomes/Getty Images […]

The Layaway Presidency: How Alvin Bragg Would Create A New Constitutional Creature Authored by Jonathan Turley, Manhattan District Attorney Alvin Bragg pushed Tuesday to create a new constitutional creature: the layaway president. It was once common for stores to hold expensive items that you really wanted but could not make the payment. So they were tagged and kept on the shelf until you were ready to redeem your item. For […]

Biden Asks Congress To Approve $100 Billion Supplemental For Disaster Relief Authored by Emel Akan via The Epoch Times (emphasis ours), WASHINGTON—The Biden administration is urging Congress to allocate $100 billion in disaster relief to assist communities across the Southeast affected by the recent hurricanes Helene and Milton. President Joe Biden addresses the nation after presidential election results, congratulating […]

Mike Johnson Bans Transgenders From House Bathrooms After 1st Trans Lawmaker Elected House Speaker Mike Johnson (R-LA) is banning transgender individuals from bathrooms on the House side of the Capitol Complex regardless of their gender identity. Trans Rep-elect Sarah McBride (D-DE) The move comes after the election of Rep-elect Sarah McBride (D-DE), who will become the first transgender member of Congress. “All single-sex […]

Terrible 20Y Auction Has 2nd Biggest Tail, Lowest Directs On Record; Spikes Yields If anyone was hoping that today’s 20Y auction would be even remotely successful, they can not put those to bed: the just concluded sale of $16BN in 20Y paper was a disaster. Pricing at a high yield of 4.680%, the auction tailed the When Issued 4.650% by 3.0bps. Not only was this the third tail in a row, it was the 2nd biggest tail on record. The […]

AG Merrick Garland Urges Prosecutors To Protect DOJ’s Mission After Leaving Office Authored by Jack Phillips via The Epoch Times (emphasis ours), Attorney General Merrick Garland on Monday urged prosecutors to protect the Department of Justice’s (DOJ’s) “mission,” in his first remarks since President-elect Donald Trump announced his selection for attorney general under his incoming administration. Attorney General Merrick […]

‘Bomb Cyclone’ Blasts Pacific Northwest, Cutting Power To Over 600,000 In Washington A massive bomb cyclone slammed into the Pacific Northwest on Tuesday night, unleashing torrential rains and tropical storm-like wind gusts up to 77 mph for certain areas. More than 600,000 customers across western Washington state are without power on Wednesday morning.  FOX Forecast Center said the powerful atmospheric river, coupled with […]

‘Contours Of A Trump Peace Deal’: Kremlin Insiders Discuss Putin’s Initial Reaction In a lengthy investigative report, Reuters has presented what it says is Russian President Vladimir Putin’s initial reaction to the incoming Trump administration’s plans to pursue ceasefire negotiations leading to a final end of the Ukraine war, which reached its 1,000th day this week. As Putin “eyes contours of a Trump peace deal,” five sources […]

Yardeni And The Long History Of Prediction Problems Authored by Lance Roberts via RealInvestmentAdvice.com, Following President Trump’s re-election, the S&P 500 has seen an impressive surge, climbing past 6,000 and sparking significant optimism in the financial markets. Unsurprisingly, the rush by perma-bulls to make long-term predictions is remarkable. For example, Economist Ed Yardeni believes this upward momentum will […]

12 UK Storm Shadow Missiles Were Fired Into Russia, Local Sources Say Update(1227ET): More details have emerged of Wednesday’s Storm Shadow missile attack from Ukraine on Russia. This marks the first authorized known use of the long-range weapon in a cross-border attack. Previously the British government restricted use to within the Ukrainian battlespace, in the Donbass for example. Russian war correspondents have confirmed that “A […]

Founder Of Jersey Mike’s Worth $7 Billion After Selling Chain To Blackstone Who says we don’t make things in America anymore? Not Peter Cancro. He got his start making sandwiches back in 1975 when he began working at Mike’s Subs in Point Pleasant, New Jersey, in 1971 as a 14-year-old high school football player, despite being too young to legally use the meat slicers. At 17, with his mother’s support, he bought the shop for […]

It’s My World War III Party And I’ll Cry If I Want To Submitted by QTR’s Fringe Finance To some degree, it’s expected that an outgoing administration would try to get as many of their policy initiatives through before the next administration takes hold of the reins on January 20. But what can be said about the Biden administration’s sudden urge to approve Ukraine’s use of U.S.-provided missiles for deeper strikes into Russia, […]

Danish Navy Hunts Down Chinese Ship Suspected Of ‘Sabotaging’ Baltic Sea Cables Update (1135ET): Rabobank’s Michael Every told clients this morning about a very alarming situation emerging in the Baltics regions:  So, if you want to worry, look at less glamorous but arguably more significant headlines that don’t point to world war, per se, but to world disruption, and major world market volatility. Official allegations of […]

What Are The Odds California House District 45 Is Stolen? Authored by Mike Shedlock via MishTalk.com, CA-45 will come down to the wire, perhaps decided by 10 votes or less… California House District 45 Image courtesy of the Washington Post, annotations and insets by Mish. If these percentages hold, and anything remotely close to what’s happening in Pennsylvania happens in California, guess what. Admittedly, the setups […]

Violating His Own Policy, Biden OKs Antipersonnel Mines For Ukraine Determined to leave an even bloodier legacy, President Biden has violated his own policy and approved the shipment of antipersonnel mines to Ukraine, two US officials have told the Washington Post. The move — which threatens to cause civilian injuries and deaths even after the war ends — comes in the face of months of Russian battlefield success in which its army […]

WTI Dips After Small Crude Build, US Production Tumbles Crude prices are extending recent gains this morning – albeit modestly – as geopolitical risk premia are rebuilding amid missiles flying in Russia, MidEast tensions continuing, and Biden seems set on WW3 as his legacy. Last night’s API report showed a larger than expected crude inventory build and traders are on the lookout for whether a contango market structure is here to […]

Once You See “World War 3” Headlines You Might As Well Buy Everything Because Why Not By Michael Every of Rabobank What, me worry? Bloomberg went with a one-word headline in Asia this morning: “Escalation”, which was what I said on Monday while proposing it might be to de-escalate in places. Bloomberg then shifted to “Shambles” to complain ‘Chaos in Rio Shows a World Untethered Even Before Trump Returns’, referring to […]

MSNBC, CNBC On The Chopping Block As Comcast Greenlights $7 Billion Spinoff Comcast on Wednesday announced that it will move forward with plans to spin off its NBCUniversal cable TV networks – including MSNBC, CNBC, USA, Oxygen, E!, Syfy and the Golf Channel. (of course a season 2 Firefly reboot might have saved the whole thing… hint to the new buyer). All together, the assets generated around $7 billion in revenue in the 12 […]

Quails On Cocaine: DOGE Shares Examples Of Gross Government Waste Authored by Steve Watson via Modernity.news, The newly formed Department of Government Efficiency has shared some examples of the kind of obscene government waste that it will abolish. The X account of the department shared a video of Senator Rand Paul highlighting absolutely mental programs and studies that the US government has funded recently. One example was […]