RARE EVENT ALERT: Entire US Senate Summoned to White House to Discuss N. Korea

No, the President isn’t summoning all of our beloved senators to discuss his fantastic ratings, or to arrest them for conspiring with criminals. Instead, Rex Tillerson and General Mattis will tell them what in the hell is going on in the pacific theatre of World War 3. Things are moving briskly, towards war, gentlemen.

I think it’s time you’ve come to realize that I was right, in regards to being long ‘nation building’ stocks and military defense.

The meeting will take place at the White House on Wednesday, 3pm, to discuss N. Korea’s ‘continued belligerence’ and plans to dismantled it.

Similar meetings are being planned for low level fuckers in the House too.

Defense stocks of note: RTN, LMT, FLIR, ESLT, NOC and GD.

Top picks: RTN, KBR

In a recent interview with AP, President Trump reminded them of his grandiosity and how he helped ‘Deface the Nation’ register its highest ratings since ‘the World Trade Center came down.’

“On any, on air, [CBS ‘Face the Nation’ host John] Dickerson had 5.2 million people. It’s the highest for ‘Face the Nation’ or as I call it, ‘Deface the Nation,'” Trump said during the interview.

“It’s the highest for ‘Deface the Nation’ since the World Trade Center. Since the World Trade Center came down. It’s a tremendous advantage.”

“I have, seem to get very high ratings. I definitely. You know Chris Wallace had 9.2 million people, it’s the highest in the history of the show,” the president said of his appearance on the program.

“I have all the ratings for all those morning shows. Chris Wallace, look back during the Army-Navy football game, I did his show that morning.”

The president said he gets treated “very unfairly” by the media, but praised Fox News for its coverage.

“The fake media is some of you. I could tell you who it is, 100 percent,” he said.

“Sometimes you’re fake, but — but the fake media is some of the media. It bears no relationship to the truth. It’s not that Fox treats me well, it’s that Fox is the most accurate.”

I wonder why the ratings are so high.

Enter the bizarro land of Trump, the Twitter edition.

After learning that we’re on to them, body snatching the President and all to further a globalist neocon agenda, the deep state have forced the President back onto Twitter, in order to furiously type out a bunch of empty words, in an effort to calm his base from outright revolt.

Here is the consensus out of Trump’s think tank on how to placate the base and subsequent tweets.

Whenever they’re onto you, just talk shit about Obamacare. Trumpsters love that.

ObamaCare is in serious trouble. The Dems need big money to keep it going – otherwise it dies far sooner than anyone would have thought.

— Donald J. Trump (@realDonaldTrump) April 23, 2017

Also, mention how fucked the Democrats are because of Obamacare. This will distract the plebs from discovering that we want to pass an even worse healthcare bill.

ObamaCare is in serious trouble. The Dems need big money to keep it going – otherwise it dies far sooner than anyone would have thought.

— Donald J. Trump (@realDonaldTrump) April 23, 2017

Mention The Wall. The people love The Wall.

The Democrats don't want money from budget going to border wall despite the fact that it will stop drugs and very bad MS 13 gang members.

— Donald J. Trump (@realDonaldTrump) April 23, 2017

MEXICO WILL FUCKING PAY, for the way, ‘at a later date’, ‘in some form.’ Don’t worry, the plebs won’t pick up on the subtle verbiage.

Eventually, but at a later date so we can get started early, Mexico will be paying, in some form, for the badly needed border wall.

— Donald J. Trump (@realDonaldTrump) April 23, 2017

Talk shit about the media. Boy do Trumpsters hate the mayne street meteor.

New polls out today are very good considering that much of the media is FAKE and almost always negative. Would still beat Hillary in …..

— Donald J. Trump (@realDonaldTrump) April 23, 2017

…popular vote. ABC News/Washington Post Poll (wrong big on election) said almost all stand by their vote on me & 53% said strong leader.

— Donald J. Trump (@realDonaldTrump) April 23, 2017

Polls are fake. Everyone knows that. General E. Watch, Commander of the USS Big Ben said so!

The two fake news polls released yesterday, ABC & NBC, while containing some very positive info, were totally wrong in General E. Watch!

— Donald J. Trump (@realDonaldTrump) April 24, 2017

Uh oh, the unwashed are still upset with us. I see even “The Fly” isn’t shilling for us anymore. Give them wall, more wall.

The Wall is a very important tool in stopping drugs from pouring into our country and poisoning our youth (and many others)! If

— Donald J. Trump (@realDonaldTrump) April 24, 2017

….the wall is not built, which it will be, the drug situation will NEVER be fixed the way it should be!#BuildTheWall

— Donald J. Trump (@realDonaldTrump) April 24, 2017

Now lie. People love to be lied to.

If our healthcare plan is approved, you will see real healthcare and premiums will start tumbling down. ObamaCare is in a death spiral!

— Donald J. Trump (@realDonaldTrump) April 24, 2017

And, give the establishment a comedic gift, something that can easily be used for material on SNL.

Join me in congratulating @NASA's @AstroPeggy by using the hashtag #CongratsPeggy! Earlier today: https://t.co/z1pte6dgD0 pic.twitter.com/8AcmargFGP

— Donald J. Trump (@realDonaldTrump) April 24, 2017

Great, you’re all caught up.

One of the silver linings of seeing our dear friends in Saudi Arabia go disheveled poor thanks to crude trading lower, is the joyous glee emanating out of America’s favorite sweetheart: the trannies.

The transport index is flexing its muscles today — geared higher by trucks.

Stocks like YRCW, SAIA, PTSI, NAV, OSK and ARCB are ejaculating with pleasure.

Bear in mind, there are two ways to win with the trannies (pun not intended).

1. Economic growth
2. Lower inputs (oil)

So the question now is, will you, finally, accept the fact that the trannies are an integral part of American society and take the plunge? Or, will you continue with your olde fashioned stubbornness, eschewing this wondrous sector because of personal beliefs?

I’m awfully pragmatic when armed with facts. For all of my Trump shilling and anti globalist rancor over the past 6 months or so, I’m quick to adjust my portfolio to best conform to my standard of living — the mode by which I’m accustomed to.

Without delay and almost with a feverish hunger, upon learning that Le Pen had lost while winning, I set out to buy the biggest globalist banking plantation the world has ever known.

I bought Deutsch Bank.

Some might argue ‘it’s stupid’ to buy such a gap up or ‘wait for it to pull in.’

Fuck you. I’m not waiting for anything. I want to be long of the ECB in euro terms — because resistance is futile and cycling against a whirlwind is hard. It’s much easier to stop peddling and let the winds cast you into the sky and take you wherever it’s destined to go.

Most stocks are higher today, but none as pervasive and ebullient as the banks. The working theory is, the EU will not be reduced to ash by Le Pen — because Macron will win. Ergo, the idea that the ECB will lose its mandate is far fetched. So, investors are buying up, seemingly undervalued, bank stocks — especially European.

DB is leading the fray, higher by 10%, followed by BBVA +8%, SAN +7%, ING +7%, BCS +5.5%, OPB +5.2% and UBS +4.8%.

If we were to cross reference some of today’s bank winners against p/b metrics, which is the most reliable form of fundamental analysis to quickly analyze a bank’s worth, the following stocks look cheap.

Typically, anything less than 1.00 p/b is considered ‘cheap.’

ticker/price to book ratio
DB 0.27
BCS 0.40
AEG 0.32
VOYA 0.40
RBS 0.43
BAC 0.70

JPM 1.09
GS 1.00

For some background on valuations, Exodus stores the historical valuations for p/b, p/s and PE. DB has never been cheaper.

About a year ago, a French foreign minister tipped off authorities about Swiss-French cement giant, Holcim-Lafarge, in regards to their activities in Syria. It was alleged, and then proven, that managers in their Syrian plant were ‘paying off’ terror groups in order to stay in business, continuing to supply groups in Syria with the much needed concrete that was being used to rebuild after the destruction of war demanded it.

Human rights groups, led by Sherpa and 11 former employees of Lafarge in Syria, filed suit to hold the world’s largest producer of concrete accountable.

“It appears from the investigation that the local company provided funds to third parties to work out arrangements with a number of these armed groups, including sanctioned parties, in order to maintain operations and ensure safe passage of employees and supplies to and from the plant. In hindsight, the measures required to continue operations at the plant were unacceptable…the investigation revealed significant errors of judgment that are inconsistent with the applicable code of conduct.”

The CEO of Holcim, Eric Olsen, announced he’d be stepping down today, not because he did anything wrong, but to bring ‘serenity’ to the wholesome Swiss-French company.

In a statement, Mr. Olsen said he was “driven by my conviction that it will contribute to addressing strong tensions that have recently arisen around the Syria case”.

“While I was absolutely not involved in, nor even aware of, any wrongdoing I believe my departure will contribute to bringing back serenity to a company that has been exposed for months on this case,” he added.

The Syrian factory in question was started in 2010, costing $680m. It stopped operating in 2014, after work in the region became untenable, due to the war.

In Holcim’s internal report on the matter, they said “very simply, chaos reigned and it was the task of local management to ensure that the intermediaries did whatever was necessary to secure its supply chain and the free movement of its employees.”

Holcim’s stock peaked in June of 2014 at 78.9 chf, right around the time they closed down the Syrian plant. Shares are now trading in the mid 50s.

According to Tuck, they don’t have a logical reason to not want a wall. Ergo, logic mandates that we must have one. Unless you can make a credible argument for not having a protective barrier to protect American burgers against the hordes of very hungry savages from the south, you should expect to look pictures of a beautiful wall from outerspace — at some point in your life.

Republitards want cheap labor. The demotards want indoctrinated voters. The American people want fairness.

.@TuckerCarlson: The main problem with the border wall is that it works, and that's what its opponents fear pic.twitter.com/P12cQUidnY

— FOX & friends (@foxandfriends) April 24, 2017

Guess who will win?

The medical instruments sector should be strong today, after $BDX announced plans to acquire rival $BCR. The market cap for Beckton is about twice that of BCR. However, with the takeout price of $317, appreciably higher from Friday’s close, the company is taking on a lot here. Making a $24b acquisition with a market cap of $39b is aggressive and should lead to shares trading lower for the acquirer.

Becton Dickinson and Co (BDX) and C. R. Bard (BCR) announced a definitive agreement under which BD will acquire Bard for $317.00 per Bard common share in cash and stock, for a total consideration of $24 billion. The agreement has been unanimously approved by the Boards of Directors of both companies.

Under the terms of the transaction, Bard common shareholders will be entitled to receive approximately $222.93 in cash and 0.5077 shares of BD stock per Bard share, or a total of value of $317.00 per Bard common share based on BD’s closing price on April 21. At closing, Bard shareholders will own ~15% of the combined company.

BD expects to contribute ~$1.7 billion of available cash to fund the transaction, along with, subject to market conditions, approximately $10 billion of new debt and ~$4.5 billion of equity and equity linked securities issued to the market.

Bard shareholders will also receive $8 billion of BD common stock. BD has also obtained fully committed bridge financing. At closing, BD estimates the combined company will have pro forma leverage of ~4.7x and is committed to deleveraging to below 3.0x leverage within three years of closing.

BD expects to continue the suspension of its share repurchase program. BD is also committed to annual dividend increases while reinvesting in the business to continue to drive long-term growth.
Immediately accretive to BDX and expected to generate high single-digit accretion to Adjusted EPS in FY19

BD expects to create a third segment within the company — BD Interventional — where the Bard businesses will report both operationally and financially. BD is separately announcing the appointment of Tom Polen, currently executive vice president and president of the BD Medical Segment, as president of BD, effective immediately.

Other stocks that might move on this news, include: $SNN, $BSX, $BAX, $XRAY and $MTD.

The CAC is higher by an astounding 4.6%, thanks to Macron advancing to the 2nd rd of the French Presidential elections. The fears of the EU ending, due to a Le Pen upset, is looking more and more like an extreme black swan event — considering Macron is up 25 points in the polls.

Globally, we’re cutting dicks off on an industrial scale — making transgenders out of short sellers who thought it was wise to bet against Le Fly and his algorithmic winshippery.

The DAX is higher by 3.1%, FTSE 1.9%, IBEX 3.3% and the greasy MIB by 4%.

The Euro is higher by 1.1% and the dollar is trouncing the yen by 1.05% — because that’s what the yen-carry trade risk on scenario mandates.

We’re seeing a massive move out of bonds into equities, with the US 10yr surging ahead by 7bps to 2.31%. NASDAQ futures are higher by 63 and I’d like to remind you that Exodus flagged OS last week and will be celebrated around the globe today, amongst the small group of fortunate people who have access to it, as an oracle.

Defensive stocks should be expected to lose, namely gold, REITs and utilities. Everything else is fair game to the upside. I do not anticipate wild gains in crude, since the commodity is only higher by 0.6%. I do, however, expect to see my portfolio of military-industrial complex stocks pacing the markets very tightly, as globalism celebrate a near death event.

Here are some notable movers in Europe, bank stocks.

DB +10.2%, BBVA +7.4%, ING +7%, SAN +6.4%, BCS +5.7%, CS +4.9%, RBS +2.8%