The Future Is Bright…For Today
Stock futures are up this morning for a 6.25% run in the S&P 500 since the end of March. That’s another 6.35% to go before re-reaching all time highs. Headlines are attributing the climb to easing geopolitical tensions, though anything can happen by the end of the day, or even by market open.
Last Supper A New First Supper?
The Washington Post reports that Central Intelligence Agency Director Mike Pompeo met with North Korean leader Kim Jong Un back on Easter Sunday. This greatly increases the chances that US President Donald Trump will meet with Kim in the near future, as has been his stated intention for months. This comes on the back of news of peace talks on the official cessation of hostilities between North and South Korea, who are still technically at war since just after Dewey infamously defeated Truman. South Korea President Moon Jae-in will be meeting with the North Korean leader next week to discuss an end to the 68-year state of war between the two nations.
Philadelphia, We Have a Problem
An engine exploded on a Southwest Airlines Co. (NYSE:LUV) flight from New York to Dallas. A woman sitting next to the doomed engine in a window seat was partially sucked out of the plane after shrapnel expelled from the engine broke the window. Passengers on board heroically pulled her back in and performed CPR until an emergency landing was made in Philadelphia. Sadly, she was pronounced dead at hospital. “I didn’t know if we were going to be running into a building. I didn’t know what state the plane or even the pilot was in, if we were in condition to land,” said passenger Marty Martinez. “Finally when we … came to a halt, of course, the entire crowd was tears and people crying and we were just thankful to be alive.”
And The Bush Was Not Consumed
First Lady and First Mother Barbara Bush died at age 92 from complications stemming from heart and pulmonary disease. Much beloved by both sides of the political aisle for her charming personality, she and 41st President George H.W. Bush were married for 73 years.
Burning The Midnight Electricity
Tesla, Inc. (NASDAQ:TSLA), under increasing scrutiny and pressure from both debt and equity investors to live up to production commitments, has reportedly shifted Model 3 production to a 24/7 schedule. CEO Elon Musk now promises 6,000 cars a week by the end of June, which is in about 6 weeks. Meanwhile, Musk’s plans to terraform and colonize Mars are on hold. Tesla is up 2.7% in premarket trading.
Winter Is Coming…Again
Climate change is a real thing in the northeastern United States. The spring climate has changed to winter. Ice and snow are expected in New England this week with colder than normal temperatures through the end of the month in one of the coldest April months on record.
And It’s Tax Day…Again
All the money collected by the IRS on Tax Day got jammed in the doorway as it came rushing through all at the same time, in what analysts are calling a glitch. Tax returns could not be processed by the Tax Man, so the service in charge of internal revenue is giving taxpayers another day to file. If the system crashes again, will taxes be cancelled for this year and a nationwide Mulligan given? Stay tuned. The IRS has its best debuggers on the job as we speak. Apply here.