‘Caution Is Going To Be The Word Here,’ Says Former Super Bull Jeremy Siegel. Mexico hits back at U.S. tariffs with measures on farm, steel products. Sears is closing more stores as sales shrink for 26th quarter in a row. Fed calls Deutsche Bank’s U.S. operations ‘troubled.’ Pending home sales fall more than expected as costs for buyers rise. Dying shopping malls are wreaking havoc on suburban America. Canada announces retaliatory tariffs on steel and aluminum. U.S. to impose steel, aluminum tariffs on EU, Canada and Mexico.
Italy Revived The Euro Crisis And Sparked A Global Stock Market Selloff. Trillions of reasons why a ‘huge storm’ may be looming for investors. Millions of U.S. homeowners still under water on mortgages. Robot chef cooks 300 burgers a day. U.S. GDP growth revised down to 2.2% rate in first quarter. China reportedly lining up countries against U.S. in pending trade war. Trump’s Budget: $984 billion deficit next year.
Soros Sees New Global Financial Crisis Brewing, EU Under Threat Sovereign Debt Crises Is Upon Us. Prepare to profit BIG time. Traders are worried this could be the ‘big unwinding’ of Italian bond markets. Oil prices down hard, pressure builds on expected crude output increase. Stock market borrowing at all time high, increasing risk of downdrafts. Delays and ‘poison pills’: team Trump runs out of road in NAFTA talks.
U.S. Record Oil Exports Bite Into Russia, OPEC Market Share In Asia. Trump’s ‘Spygate’ is a ‘diversion tactic’: Senator Flake. Oil extends losses as OPEC and Russia look to raise output. Traders are worried this could be the ‘big unwinding’ of Italian bond markets. China approves 13 new Ivanka Trump trademarks in 3 months.
Former CIA Director On North Korea: ‘These Folks Are Not Going To Get Rid Of All Their Nuclear Weapons.’ Rubio: FBI didn’t target Trump campaign, only suspicious individuals in it. Half of Americans won’t take a vacation this summer—and not just because they can’t afford it. Gas prices soar on Memorial Day weekend. These places are hit hardest. Schiff: ‘No evidence’ to support Trump’s spy theory. Fed relying on biased data that makes ‘B-minus economy’ look like an ‘A+’ : James Bianco.