Archive for November, 2018

Market News and Commentary – Wall Street Underground

Cohen To Rat Out Russian Collusion . Federal Reserve warns of vulnerabilities in U.S. financial system. Saudis mull quiet cuts to OPEC production. Oil plunges nearly 8 percent despite talk of output cut. Oil prices hit year low as OPEC considers output cut. The next gold? Palladium prices soar, & Russia has plenty of the [...]

Radio Free Wall Street – Wall Street Underground

Donald Trump Screws The Factory Worker… Again . It’s a math problem. $40 an hour labor can’t compete with $5. We talk about this in today’s Radio Free Wall Street. . Radio Free Wall Street’s daily webcast for November 29th has been posted. Click here to listen now. . .

Market News and Commentary – Wall Street Underground

Oil Glut Worries Persist . Trump thanks Saudi Arabia for lower oil prices. Trump thanks Saudis for $54 oil, but says in Wednesday tweet, ‘let’s go lower.’ U.S. consumer sentiment deteriorates more than initially estimated in November. U.S. durable goods orders plunge 4.4% in October, much more than expected. Dozens of banks have exposure to [...]

Market News and Commentary – Wall Street Underground

Oil Slumps 7 Percent As Equities Slide Fuels Demand Worries . Household debt hit a record high of $13.5 trillion last quarter. Subprime rises: Credit card delinquencies blow through financial-crisis peak at the 4,705 smaller U.S. banks. Saudi crown prince ordered Khashoggi’s assassination: CIA. Pence: U.S. will hold those responsible for Khashoggi’s murder accountable. Home [...]

Market News and Commentary – Wall Street Underground

Sterling, Euro Stocks Scuttled As Brexit Deal Hits The Rocks . Theresa May’s job hangs by a thread today as she was hit by a wave of resignations over her Brexit plan. Saudi Arabia to seek death penalty for 5 accused in Khashoggi killing. Record U.S., Russia and Saudi oil production means supply well outstrips [...]

Market News and Commentary – Wall Street Underground

Manchin: We’re ‘On The Verge’ Of A Constitutional Crisis Due To Sessions’ Firing . China October exports surprisingly strong in race to beat higher U.S. tariffs. U.S. to impose new duties on Chinese aluminum sheet products. Russia clashes with western oil buyers over new deals as sanctions loom. U.S. grants Iraq 45-day waiver over Iran [...]

Market News and Commentary – Wall Street Underground

Trump’s Pick For Acting AG Said In 2017 Interview There Was ‘No Collusion’ Between Trump And Russia . Trump moves to deny asylum to most migrants who cross border illegally. Japan core machine orders plummet in September. Oil falls as rising production feeds concerns of an oversupply. Trump’s acting AG was involved in company accused [...]