Co-host of 'What'd You Miss?' on BloombergTV. Editor at @markets. Fan of poker, chess, handball, country music, and Chinese food.
Going to write about the Fed and inflation in the newsletter tomorrow
A cryptocurrency that's literally just existed for two days already has a $45 billion valuation. And we're not talking about some little illiquid jokecoin. via @olgakharif
There's a wide range of left/progressive economic priorities. But surprisingly few of them are "employment hawks". Hence the niche that @employamerica has found.
THREAD EXPLAINING NEGATIVE OIL: Oil costs $ to store. Due to the economic collapse, oil isn't being used much. So all the storage facilities are filled up. So nobody who can store it will buy it from you. If you want to get rid of oil, you have to pay someone. That's the thread
If Biden wins the nomination, a lot of Wall Streeters who said that Sanders winning would force them into reluctantly supporting Trump, will have to come up with a different reason for voting Trump.
1997: World's best human chess player gets destroyed by computer. 2017: World's best chess computer gets destroyed by Artificial Intelligence program that had only learned about chess a few hours earlier.
Horrific economic toll. 3.2 million initial weekly jobless claims in one week. Previous crises and recessions are barely a blip on this chart.
Goldman predicts that over 2 million people are going to file for unemployment benefits this week. You can barely see the 2008 crisis on this chart!