Nasdaq explodes higher, gold gains, dollar and bond yields crash after dismal jobs data (SPY +0.4%). April payrolls huge miss: just 266k jobs added on expectations of 1 million.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Why Exxon And Chevron Are Not Going All-Out In The Permian The U.S. oil supermajors are leading by example what shale drilling discipline should look like. Neither ExxonMobil nor Chevron are rushing to boost production in the biggest American shale play, the Permian, despite the oil price rally this year that has sent WTI prices to above $60 per barrel. The two biggest U.S. oil corporations are now prioritizing debt reduction and increased cash flows to pay down the excess debt they had accumulated last year when oil prices crashed. T
1 hour WoodMac: Asia Needs To Invest More In Gas To Lower Emissions 2 hours Venezuela Imports First Diesel Cargo In Six Months 4 hours China Increases Oversight On Crude Import Of Oil Majors 5 hours Senators Propose Pro-Nuclear Tax Amendment 21 hours Activist Investor Wins Exxon Board Seats In Day Of Reckoning For Big Oil 22 hours Norway s Oil Industry Boosts Investment Despite IEA Report 23 hours Dutch Court Orders Shell To Slash Emissions In Historic Climate Case 1 day Iran Bans Crypto Mining During Hot Summer Months 1 day Nissan May Build Huge Battery Plant In The UK 1 day Ford Confirms That 4 Out Of 10 Cars It Sells In 2030 Will Be Electric
Mark Tenally/AP
This belief is rooted in a conspiracy theory that all presidents after 1871 are illegitimate.
Trump s hotel in Washington, DC, is said to be the only one in the area that hiked prices for March 4.
QAnon s most dedicated followers still believe that former President Donald Trump will soon be sworn in.
They insist that Trump will return to power and be inaugurated in Washington, DC, on March 4.
Coincidentally, the Trump International Hotel in Washington, DC, has hiked the prices of suites around that day. Some room rates at the hotel, just blocks from the White House, have almost tripled for March 3 and 4, Forbes Suzanne Rowan Kelleher reported.