Elon Musk ( Bitcoin trashing guy) is tweeting - High time for a carbon tax!
Musk at it again:
Coinbase says it plans to list DOGEcoin in a few weeks time
Info via the Coinbase earnings call
Fed's Bullard says its a judgement call on whether inflation is transitory
This is a significant comment. Up until now Fed officials have been insistent inflation is transitory. Bullard showing a wee bit of wavering. Perhaps Dallas Fed Presidnet will be vindicated 9he's been a solo voice calling for at least talking about tapering)
UK government's 'COVID-19 passports' plan is being ‘scaled back’
(The Telegraph) with the report, the reasoning being new case count and hospitalisations having dropped. and doubts if the scheme would show benefits.
More from Fed's Bullard: monetary policy is in a good position, do not want to shift policy in a crisis.
Trade ideas thread - Friday 14 May 2021
US President Biden says to meet with Republicans again next week on infrastructure
Background to this is Rs want a lower $ spend than Biden.
Other comments to Biden relate to the pandemic - get vaccinated and so on.
Major indices snaps three days losing streak
On a positive note Dow has the best day since March 26
The final numbers are showing:
After the close Disney is reporting higher earnings but missing on the revenues and Disney+ subscribers. As a result the price has moved sharply lower and trades down around 4% in after-hours trading.
Fed's Bullard says US economy to grow beyond the pre-pandemic level of output by the end of June
Economic calendar due from Asia today - Friday 14 May 2021
2230 GMT New Zealand -
BusinessNZ manufacturing PMI for April
0110 GMT BOJ JGB purchase