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By Tyler Durden

Good news is still bad news after all.

After last night’s China 6.7% GDP print which while the lowest since Q1 2009, was in line with expectations, coupled with beats in IP, Fixed Asset Investment and Retail Sales (on the back of $1 trillion in total financing in Q1)…

… the sentiment this morning is that China has turned the corner (if only for the time being). And that’s the problem, because while China was a good excuse for the Fed to interrupt its rate hike cycle as the biggest “global” threat, that is no longer the case if China has indeed resumed growing. As such Yellen no longer has a ready excuse to delay. This is precisely why futures are lower as of this moment, because suddenly the “scapegoat” narrative has evaporated.

The other key event that will set the market tone today is this Sunday’s OPEC meeting in Doha. As a result, crude prices have softened for a third day in a row in the wake of comments that the Iranian Oil Minister will not attend the meeting (however the OPEC governor will be present). This will undoubtedly have potential ramifications for negotiations this weekend as Iran are seen as a key player in striking a deal given their resistance to such a deal. Therefore, the absence of the Iranian oil minister could be seen as a negative for what is already set to be a difficult weekend of discussions.

“The worst outcome for them would be if the meeting happened and some really negative sentiment came out of it – a producer, particularly Iran, came out and said the deal is not on the table,” Amrita Sen, chief oil analyst at consultants Energy Aspects Ltd., said in an interview with Bloomberg Television. “OPEC don’t want prices to go back down.”

Citi further soured the mood with a report that the Doha meeting is “is all about nothing, no matter what agreement might be forged,” and warns to expect a “sharp oil market sell-off” on Monday if there’s no accord, while a slower sell-off will occur if there’s a formal agreement with “no teeth.”

Elsewhere, European stocks little changed, with investors wary of potential disappointment from the talks. Europe halted a five-day advance. German bonds pared their first weekly drop in more than a month. South Korea’s won led gains in Asian currencies as a flood of Chinese data added to evidence that the world’s second-largest economy is stabilizing. Standard & Poor’s 500 Index futures slipped 0.2 percent, after equities ended little changed on Thursday amid gains in banks and declines in technology companies. Citigroup Inc. is scheduled to report quarterly earnings Friday.

In summary: the final session of the week sees the weekend’s Doha meeting take full focus as the energy complex guides price action through much of the morning. WTI and Brent both started the session at elevated level as many participants forecast some form of deal between OPEC and non OPEC nations in an attempt to freeze oil …read more

Source: Futures Fade As Chinese "Good News Is Bad News" For Fed, Oil Drops As Doha Concerns Emerge

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AMC chief executive Adam Aron has sparked outrage by signaling that he is open to rule changes that would allow audiences to text during movies. …read more

Source: AMC CEO: We might allow texting during movies

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China is getting a slow start out of the gate this year, growing at its slowest pace in seven years during the first quarter.

…read more

Source: China posts slowest quarterly growth in 7 years

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New Delhi is preparing to pull millions of cars off its streets for the second time this year as the local government searches for a way to improve air quality in the world’s most polluted city. …read more

Source: Delhi’s car limits won’t clean up city’s filthy air

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for latest details.

…read more

Source: The cost of bringing home American jobs

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By Tim Knight from Slope of Hope

From the Slope of Hope: Most of you are probably acquainted with the Internet-based real estate web site known as Zillow, which is a public company under the ticker symbol Z. They haven’t been public that long, and although they aren’t doing as badly as some IPOs (Lending Club – symbol LC – leaps to mind), they aren’t exactly setting the world on fire either.

What you may not know is that Realtor.com (or, more specifically, the parent company called Move) is suing Zillow and two former executives for nearly two billion bucks for stealing trade secrets. One interesting aspect of the case is how much active and aggressive deletion there appears to have been just prior to the lawsuit being filed by the two executives; one snippet I saw read…….

Seems kind of intentional, at least from reading the above, doesn’t it? I mean, I’m not that acquainted with the case, but when I read something like that, I draw my own conclusions.

One would assume that with this kind of evidence, the two chaps being accused would be a little short of plausible excuses. But – nope! – there’s one handy, and boy, is it a doozy:

Multiple computers. Smartphones. Thousands of emails. Text messages. Special programs to wipe out data. Wow, that must have been some really amazing porn!

Of course, a man using a computer on the Internet to look at porn is totally weird and freaky. I mean, what kind of sicko does that kind of thing? And if he did, I don’t blame him for wanting to hide it! What a weirdo! Oh, wait a second……….

More than Netflix. More than Amazon. Oh, and there’s this:

Suffice it to say, if you’re trying to duck a nearly $2 billion lawsuit, declaring that you were ashamed to be watching porn on the web (thus compelling you to go absolutely hog-wild deleting every morsel of data under the sun) is pretty damned amusing.

…read more

Source: Wee Willie Winkle

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Source: Dem Debate: Clinton & Sanders spar in NY

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Source: Dem Debate: Clinton & Sanders face off in NY

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By Tyler Durden

Authored by Paul Joseph Watson via SHTFPlan.com,

Panicked Elite Buying Bomb-Proof Luxury Survival Bunkers to Escape Civil Unrest, Disasters

Panicked members of the elite are buying luxury bomb-proof underground survival bunkers because they fear mass civil unrest might be on the horizon.

The company behind the construction of the sprawling complexes, Vivos, says the facilities are for the “protection of high net worth individuals” in the event of apocalyptic-style scenarios during which “millions will perish or worse yet, struggle to survive as victims”.

“Where will you go when pandemonium strikes?” asks a promo for the luxury shelters.

The biggest facility, called Europa One, is located in Germany and is “one of the most fortified and massive underground survival shelters on Earth, deep below a limestone mountain” and is “safely secured from the general public, behind sealed and secured walls, gates and blast doors”.

Journalist Lynn Parramore said she also visited another site in Indiana which is a former Cold War communications facility.

“Built during the Cold War to withstand a 20 megaton blast, within just a few miles, this impervious underground complex accommodates up to 80 people, for a minimum of one year of fully autonomous survival, without needing to return to the surface,” states a promo for the bunker on the Vivos website.

The main selling point is the location of the facility, which is a “safe distance away from the New Madrid fault line” and therefore a good hideaway to escape a “tsunami-type event”.

“You go underground and it feels like you’re in a very nice hotel,” said Parramore.

“This is for wealthy people who are concerned about various disaster scenarios, but a common theme among them is a fear of civil unrest, a fear of an uprising from the 99%,” she added.

Units in some of the underground shelters, which also come with a year’s supply of food and water, start at around $35,000 dollars but the largest ones sell for upwards of $3 million dollars.

“There is no assurance that our race will continue, therefore it is our responsibility to do everything we can to survive,” warns the Vivos website, which invites elitists to contact them for further information that is on a “need to know” basis only.

As we reported last week, millionaires are fleeing Chicago and other major cities due to concerns over racial tensions and rising crime rates.

“About 3,000 individuals with net assets of $1 million or more,” left Chicago in just the last year alone according to the Chicago Tribune.

Paris and Rome are also seeing a mass exodus of millionaires, while wealthy elites are also installing panic rooms in their big city apartments due to fears over potential civil unrest and skyrocketing crime.

Land and remote homes in places like New Zealand are also popular with the global 1%, with realtors citing the threat of worldwide financial instability and domestic disorder as motivating factors behind the purchases.

…read more

Source: What is Coming? Elite Feverishly Building Survival Bunkers: "Fear Of Uprising From The 99%"

    

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Posted April 15th, 2016 in Uncategorized.

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