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A Second Wave of the Virus Is Threatening U.S. Oil Demand Again

(Bloomberg) — After months of empty roads, lockdowns were easing and people were getting behind the wheel again.Then the coronavirus struck again — in a fierce way. Californians, Floridians and Texans are back in hiding, and the recovery in driving that had restored highway travel nationwide back to 85% of last year’s levels is looking more fragile than ever. As lockdowns eased and parts of the world reopened for business, driving emerged as the transportation mode of choice and offered some relief for the oil market just two months off of its worst collapse in history. But the fresh resurgence of the virus in the three states with the country’s biggest gasoline markets is threatening to take American drivers off the road and stymie what has been a remarkable recovery for oil. Demand has been flatlining over the past few days at fuel stations across the country with concern over the surge in virus cases making it hard to predict what’s to come, according to one major operator of gasoline stations in the U.S. Houston freeways that were starting to jam up earlier in June as businesses reopened and commuters returned to offices have emptied out again. The county declared its highest level of emergency Friday after area intensive care units reached maximum capacity. Texas Governor Greg Abbott halted plans to reopen the economy further and is rolling back the opening of bars. Road congestion was stable at below-normal levels in the U.S. Thursday, according to data compiled by BloombergNEF. Rush hour commutes in Los Angeles last week took about 30% longer than they would have on empty roads, while a year ago the same drive averaged almost 90% longer that it would have. Movement over time by geography across retail and recreation, grocery stores, parks, and workplaces, were markedly down in Florida and Texas as of June 22 compared to a baseline take from Jan. 3 to Feb. 6, data from Google COVID-19 Community Mobility Reports show. In California, mobility was also well-below the baseline in every area but parks, which was 8% higher than the winter.

“Now, we have much lower employment and many companies are telling people don’t come to work right now,” said Robert Campbell, head of oil-products research at Energy Aspects Ltd. “It’s inconceivable that gasoline demand is going to be higher this summer.”

Even though the four-week average for gasoline supplied, a demand indicator, climbed for the last eight straight weeks, according to the Energy Information Administration, it is at the lowest level for this time of year since 1996. “If Florida, California and Texas react to this by issuing shelter-in-place or adding new restrictions on movements, this certainly could be detrimental to gasoline demand,” said Patrick DeHaan, an analyst at GasBuddy. “If you do see a resurgence continue in these states, that’s going to spell doom for demand this summer.” Nick Note: All the pain and suffering was for nothing. The dump shits ended the lockdown to soon. THEY BLEW THEIR WAD. YOU GET ONE SHOT OUT OF THE CANNON. THE US CAN NOT RECOVER FROM THE COMING SECOND WAVE. ANOTHER LOCK DOWN IS COMING!!!! And a no shit depression like not seen in the past 100 years. You have been warned!

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Fed caps dividends and bans share buybacks by big US banks

The Federal Reserve capped dividends and banned share buybacks by big US banks as it released an analysis showing Covid-19 could trigger $700bn of loan losses and push some lenders close to their capital minimums. Announcing the results of a trio of exercises on the health of America’s top lenders, the Fed on Thursday said 33 banks that underwent “stress tests” would be banned from buying back their shares until at least the fourth quarter. The eight biggest had already voluntarily suspended the buybacks, which account for about 70 per cent of the US banks’ shareholder distributions, until July. Jamie Dimon, JPMorgan Chase chief executive, recently said they were not likely to resume until the fate of the economy was clearer. The US central bank stopped short of banning dividends — as European regulators have done during the crisis. Instead, the Fed said third-quarter quarter dividends from the 33 banks could be no higher than last year’s and no higher than the average of a bank’s earnings for the four quarters ended June 30. It deferred decisions on future dividends until the fallout from the pandemic became clearer, spelling further uncertainty for bank investors. Randal Quarles, Fed vice-chair, said for the first time in a decade supervisors are asking all banks to “reassess their capital needs and resubmit their capital plans to the Federal Reserve later this year”. No date was specified. The Fed’s decision on those plans will depend on “additional stress analyses later in the year”. Mr Quarles added: “If the circumstances warrant, we will not hesitate to take additional policy actions to support the US economy and banking system.” Nick Note: The following are dead broke and if this continues they will require massive bail outs and odds are it won’t work this time!. The dead broke asshole are, Wells FARGOES your Money, JP Morgan the pirate Chase them to get your money back. Goldman Sack up your money and blow town, Bank OF America Insecurity And My old Favorite Deuche bag Bank! broke Broke Broke i tell you. They got a bail out and the coronavirus has struck again. THESE BANKS CANNOT SURVIVE! And for the record they will not survive. And get this the money does not exist to bail them out for  the third time. And the Fed has already put whats is left of their capital on lock down!

 

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US daily virus cases rise to new record of 48,940

The data published by John Hopkins University revealed that the number of daily COVID-19 cases in the United States reached a new record in the past 24 hours to land at 48,940. The infections in the country now count 2,467,510. The number of fatalities, on the other hand, decreased significantly compared to yesterday’s figures to 690, bringing the death toll since the virus outbreak to 125,045. Earlier in the day, Florida hit a new record in daily infections, while Texas and the city of San Francisco postponed reopening as the number of infections rose. Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci said the recent surge in cases represents a “serious situation,” which Vice President Mike Pence dismissed as a result of increased testing. Nick Note: before you break out the Champaign on the lower death rates its important you understand the time line. First you get infected. 15 days later(while infecting everyone around you) you show symptoms and test positive, Two weeks from the first sign of symptoms  25% ARE SICK ENOUGH TO BE HOSPITALIZED AND 2 WEEKS LETTER 10% ARE DEAD! Oh they you should know they forget to tell you hospital admissions are in many states at record levels. And in Texas, Arizona and California they will soon run out of hospital beds.Two weeks from now they will tell you about the record death rate.Have a nice day!

 

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Research reveals gene role in both dementia and severe Covid-19

The study is the latest to suggest genetics may play a role in why some people are more vulnerable to the coronavirus than others.

People with a genetic mutation that increases the risk of dementia also have a greater chance of having severe Covid-19, researchers have revealed. The study is the latest to suggest genetics may play a role in why some people are more vulnerable to the coronavirus than others, and could help explain why people with dementia have been hard hit: dementia is one of the most common underlying health conditions among those who have died from Covid-19 in England and Wales. “It is not just age: this is an example of a specific gene variant causing vulnerability in some people,” said David Melzer, a professor of epidemiology and public health at Exeter University and a co-author of the study. Writing in the Journal of Gerontology: Medical Sciences, Melzer and colleagues report how they analysed data from the UK Biobank, a research endeavour that has collected genetic and health data on 500,000 volunteers aged between 48 and 86. The team focused on a gene called ApoE – this gives rise to proteins involved in carrying fats around the body, and can exist in several forms. One such variant, called “e4”, is known to affect cholesterol levels and processes involved in inflammation, as well as increasing the risk of heart disease and dementia. The researchers found 9,022 of almost 383,000 Biobank participants of European ancestry studied had two copies of the e4 variant, while more than 223,000 had two copies of a variant called “e3”. The former, the team add, have a risk of dementia up to 14-fold higher than the latter. The team then looked at positive tests for Covid-19 between 16 March and 26 April when testing for the coronavirus was largely carried out in hospitals, suggesting the cases were severe.

The results reveal 37 people who tested positive for Covid-19 had two copies of the e4 variant of ApoE, while 401 had two copies of the e3 variant. After taking into account various factors, including age and sex, the team say people with two e4 variants had more than double the risk of severe Covid-19 than those with two e3 variants.

Melzer said the findings were not down to people with two e4 variants being more likely to be living in a care home – settings that have been hard hit by Covid-19 – since the association remained even when the team excluded participants with a diagnosis of dementia. None of the Covid-19 positive participants with two e4 variants of the ApoE gene had a dementia diagnosis. Fiona Carragher, a director of research and influencing at Alzheimer’s Society, said people with dementia and their families were desperately worried, adding the government must take urgent action to protect people with dementia. But, she said, more research was needed to delve into the possible link between the e4 variant of ApoE and severe Covid-19. Nick Note: this might be a deep dive for most of you. But i am a BIG believer in knowing your enemy. It would be a good idea to suck it up and listen to the video. I want to keep you healthy and make you wealthy. And the only way i keep my job as your trusted adviser is if i preform to YOUR satisfaction. . But you got to do your part, We will get through this if if everyone does their job. I believe its a proven fact that Government is feeding us full of shit as a Thanksgiving Turkey. Masks work, masks don’t work. need to test, no need to test, lock down no lock down…. SHIT!  The one i Love is the US has the lowest infection rates in the world when in fact its the highest!     The cumming greatest  lie of them all will be when they announce a vaccine. ITS IMPOSSIBLE IT WILL NOT WORK. Towards the end of the video above is some good information. Bottom line their will be no cure and their sure as hell will be no vaccine. Just like the common viruses (Rhino Virus, SARS, Mars and Avian flu A and Avian Flu B) the family of corona viruses mutate very quickly ending the vaccines useless. Now with the yearly flue vaccine they get it right a whopping 20% of the time. And is a simple virus that incubates at most a mater of days and mutates at glacier speeds compared to this newest monster that escaped out of the Bio labs in China. Now here is where you must pay attention the coronavirus mutates 30 times faster, is 100 times more contagious, 10 times more deadly than anything we have seen in the past. AND AND AND it incubates for 15 days before symptoms show up and in that time your a super spreader.

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Mutation in new coronavirus increases chance of infection – study

https://youtu.be/gquoccgnZY0

A specific mutation in the new coronavirus can significantly increase its ability to infect cells, according to a study by US researchers. The research may explain why early outbreaks in some parts of the world did not end up overwhelming health systems as much as other outbreaks in New York and Italy, according to experts at Scripps Research.

The mutation, named D614G, increased the number of “spikes” on the coronavirus – which is the part that gives it its distinctive shape. Those spikes are what allow the virus to bind to and infect cells.

Electron microscope images of SARS-CoV-2 (coronavirus) mutation D614G showing increased spikes

“The number — or density — of functional spikes on the virus is 4 or 5 times greater due to this mutation,” said Hyeryun Choe, one of the senior authors of the study. The researchers say that it is still unknown whether this small mutation affects the severity of symptoms of infected people, or increases mortality. The researchers conducting lab experiments say that more research, including controlled studies — widely considered a gold standard for clinical trials, needs to be done to confirm their findings from test tube experiments. Older research has showed that the new coronavirus SARS-CoV-2 is mutating and evolving as it adapts to its human hosts. The D614G mutation in particular has been flagged as an urgent concern because it appeared to be emerging as a dominant mutation. Nick Note: This explains a lot. The D614G Mutation is dominate. And these mutants makes the virus far far more infectious. And here is a news flash they forget to tell you. This mutation has changed enough on the protein shell and RNA  that the vaccines they are developing won’t touch it.  The more contagious and what will soon be discovered is the more deadly mutation is spreading Like wildfire in the US is and the NEW outbreak in China,

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SdK charges criminal fraud by Ernst & Young in Wirecard case

German shareholder association Schutzgemeinschaft der Kapitalanleger e. V. (SdK) filed on Friday criminal charges against auditors of Ernst & Young related to the Wirecard AG’s accounting scandal and the missing €1.9 billion. The SdK’s charges are based on the auditors’ failure to follow the basic procedures and check the Wirecard’s bank deposits in the period between 2016 and 2018. Despite that being “one of the easier tasks,” EY allegedly didn’t request the balance confirmations. Charges include two current and one former EY auditors. Wirecard AG’s long-time auditors, Ernst & Young, accused their client of “an elaborate and sophisticated fraud” that allowed more than $2 billion to go missing. Now that Wirecard has filed for court protection from creditors, the accountants who signed off on the fintech firm’s books for a decade are rejecting CIVIL NEVER MIND CRIMINAL responsibility for their role in the debacle and  preparing for the inevitable avalanche of lawsuits. Nick Note: I know these hired gun whores. They will do any thing for a BIG fee. Its the 3 monkeys syndrome. See not Evil, Hear no Evil, Speak no Evil if the client pays enough. This was NOT NOT NOT a elaborate fraud. They simply showed deposits of 1.5 billion dollars in a dodgy Philippines (not exactly a global financial center)  bank in a single non segregated account. Highly unusual! . Now any auditor worth a shit would question such a large deposit at such a sleazy bank in a sleazy country. You would have to question the purpose of such a large deposit in a single account at one poorly capitalized bank. Get this i am told by reliable sources all they did was send out a confirmation letter. Protocol would require a full blown audit of the bank holding such a larger sum. Bottom line they were all in on this fraud. Its worse in the US giant consumer and investment banks. When the lights come back on at the all night orgy you get to see who is fucking who!

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Virus crisis ‘sharpest and deepest’ recession ever – ECB’s Lagarde

https://youtu.be/pnIgskCajf0

European Central Bank President Christine Lagarde insisted on Friday the:

coronavirus crisis represents the “sharpest and deepest” recession the world has seen apart from world wars.

However, Lagarde estimated that the lowest economic point has passed, but that a sever second coronavirus wave could happen. Commenting on the process of recovery, Lagarde said the restoration would go sequentially, geographically the same as the virus had spread across the globe moving from east to west. Speaking at the European Business Leaders Convention, Lagarde said the most decisive action amid the coronavirus pandemic was that the monetary and fiscal policy went “hand-in-hand,” helping the European economy to overcome the crisis. Lagarde stressed that the central bank has had to use “all available policy levers” both on monetary and fiscal fronts. Additionally, she said the ECB’s mandate continues to be the same, that is focusing on price stability across the continent. Nick Note: Hear what she says PAY FUCKING attention. Do these words have any meaning for you: “sharpest and deepest recession the world has seen” ? I expect you to trade and act accordingly… If you do not know what to its OK. I do and am happy to help you survive and grow rich very very rich. You sure as shit cannot help yourself or anyone else if your on a ventilator, SO i urge you to stay healthy and grow wealthy… And then only then can you help others!

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Trump wants you to believe the virus is GONE! BULLSHITTT!!!

President Donald Trump’s latest messages on the pandemic are almost indistinguishable from the one he was sending at the very beginning: Everything is under control.

“We’ve made every decision correctly,” Trump said in a rambling Rose Garden address. With hardly a mention of the virus and its ongoing devastation, he claimed, “We may have some embers or some ashes or we may have some flames coming, but we’ll put them out. We’ll stomp them out.” Days later, his reelection campaign announced the return of Trump’s massive rallies  “This month,” declared a video tweeted out by his campaign’s spokeswoman, “we’re back.” The words loomed between footage of thousands of Trump supporters packed tightly into massive stadiums. There’s no mystery behind Trump’s eagerness to pretend the pandemic is all but over. His government’s response to the coronavirus, the ballooning economic crisis, and the waves of protests against police violence have sent Trump’s overall approval rating plummeting in every single group of likely voters.

A return to normal is grievously out of step with a pandemic that continues to infect roughly 20,000 new people in the United States every day and kill up to 1,000.

But it is line with the White House’s general retreat from attempts to control the outbreak. Dr. Anthony Fauci, the government’s top infectious disease expert, revealed that he had not met or spoken with Trump in two weeks. The federal official in charge of overseeing testing announced he will leave that position shortly, despite the fact that public health experts say the country is not conducting enough tests to safely reopen. The White House coronavirus task force, where Fauci and others are supposed to coordinate the country’s response to the deadly pandemic, convened only sporadically through the end of May and now meets just twice a week. Jared Kushner, a member of the task force, has privately assured people that the spread of the virus was under control. The White House is holding up its efforts to accelerate the development of vaccines — most of which are still months away from entering large human trials — as evidence that it is doing all it can to battle the virus. “This doesn’t need to be the public ‘coronavirus show’ every day anymore,” an unnamed official told Politico. The federal government has largely washed its hand of efforts to bring states in line, leaving the task of national coordination up to governors. Fauci also contradicted Trump’s claim  that “we understand this disease now.” In fact, Fauci said, “we’re still at the beginning of really understanding.” Making matters more dangerous, many states seeing a record surge of new cases, such as Alaska, Arizona, Florida, Mississippi, Texas and South Carolina. Those spikes are broadly linked to Memorial Day weekend, when cellphone data suggests that thousands of residents let their guard down to shop and travel. Health experts worry that another spike will follow the mass civil protests against police violence taking place in hundreds of cities in all 50 states. For Trump, the protests aren’t a health concern or a moral challenge but a way to dodge questions. Aides to his campaign told Politico that with so many people protesting, they believed it would make it difficult for critics to call Trump out. Asked about safeguarding voters who cast ballots in person, White House press secretary Kayleigh McEnany snapped back, “There’s a way to safely vote if you can safely protest.” Nick Note: The greatest global mistake ever is opening up the global economy. This is obviously a hugh mistake for a human health standpoint. BUT from a big bank big business profit stand point its a desperate attempt to save their asses. The questions before us is this. Would the powers that be infect  4 billion people  and kill ultimately 100 million people for their bottom line? HELL YES THEY WOULD AND ARE! And the proof is in the open up the economies pudding. AND THE RECORD BREAKING NEW INFECTIONS, HOSPITALIZATIONS AND DEATHS! You wanna hear the hell in all this. Ultimately it will not save the economy and still kill tens if not hundreds of millions of people.

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The Coronavirus is BACK Bigger and BADDER then Ever

With novel coronavirus infections setting a single-day national record Wednesday, health experts are taking little solace from one of the few bright spots in the current resurgence: deaths are not rising in lockstep with caseloads. But that may be just a matter of time. “Deaths always lag considerably behind cases,” Anthony Fauci, the nation’s top infectious-disease specialist, told Congress at a hearing Tuesday. In the weeks to come, he and others said, the death toll is likely to rise commensurately. Which means Arizona, Texas and Florida, states that reopened early and now are experiencing runaway infection rates, are likely to be burying more dead in July. “As long as there is a fair amount of testing going on, if there is an uptick in covid-19 infections, then we are likely to see that in the confirmed case data before we see it in the death data,” said Nicholas Reich, associate professor of biostatistics at the University of Massachusetts at Amherst, in an email.

He predicted “rises in covid-19 deaths over the next month in many of the states that are seeing upticks in cases, like Texas, California, Florida and others, even though the deaths have been either steady or declining in recent weeks.”

The virus has come surging back in recent days, with 38,115 U.S. infections Wednesday, more than any previous day in the pandemic, including the catastrophic days of April. This time, the increases are mainly in the South and West, while New York and New Jersey, which were nearly overwhelmed in the spring and have been slow to reopen, are seeing declining cases. California, which shut down early and has taken a slow approach toward reopening, nevertheless reported more than 7,000 new cases Wednesday, easily surpassing its record of 5,019 set Tuesday. Oklahoma – where President Donald Trump on Saturday held an indoor campaign rally – and Florida also hit new single-day highs Wednesday. Those three states, along with Nevada and North Carolina, reached new peaks in their seven-day rolling averages, considered a more reliable indicator of the virus’s impact. Arizona set a record with 2,270 hospitalizations.

Coronavirus hospitalizations have tripled in Houston since Memorial Day, Houston Methodist Hospital chief executive Marc Boom said Wednesday. Texas reported 5,551 new cases, the most in a single day, along with 4,389 hospitalizations, up almost 300 from Tuesday’s record high.

The state’s seven-day rolling average of new cases has increased 70 percent since last Tuesday, setting a record for the 14th consecutive day. Overall, 2.36 million people have been infected in the United States and at least 119,000 have died – by far the largest numbers for any country in the world. Governors of New York, New Jersey and Connecticut said they will advise travelers arriving from states with wide community spread of the virus to quarantine for 14 days, the three announced Wednesday at a joint news conference.

Despite the numbers, Vice President Mike Pence urged Republican senators during a closed-door lunch to focus on “encouraging signs.” Lawmakers have begun to express alarm about rising infection rates in states such as Florida, Arizona and Texas, which are likely to be critical in the outcome of the presidential race and control of the Senate. Senators said Pence pointed to positive indicators, including the lagging mortality rate. That is partly because there is more testing, and younger and healthier people now account for larger shares of those getting tested, Pence contended.  Nick Note: Trump the chosen one will soon learn that he cannot exert his will be decree over the plague. See the coronavirus has no ears. AND say its under control does not make it so. You wanna hear some ugly news. My geneticists friends tell me they are horrified that a new dominate mutated strain has a large increase of the number  receptors. Those are the stick looking things on the ball. Conjecture is it makes it far more infectious like you are seeing. And a hypotheses suggest it will attach to and infect more cells at the same time. an