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Horrific video shows the worker trying to pull a tool out of a shredder -- just to be sucked in.

Aramco CEO Says Energy Market May Not Normalize Until 2027 Amid Billion-Barrel Supply Shock

From the Trump administration's recent Project Freedom push to mounting warnings from Wall Street analysts, security experts, energy strategists, and major oil company executives, there is a growing sense that the global energy market is quickly approaching a breaking point due to the heavily disrupted Strait of Hormuz.

There was good news over the weekend, as a Qatari LNG tanker transited the Hormuz chokepoint. However, a second tanker from the energy-rich Gulf country abruptly made a U-turn in the Strait early Monday, dashing hopes for any near-term normalization, especially since the U.S. and Iran have yet to reach a peace deal.

The countdown to global energy chaos is increasingly viewed in weeks, not months. If the maritime chokepoint remains impaired for the next several weeks, according to Frederic Lasserre, head of research at Gunvor, one of the world's largest oil traders, then the "tipping point to something has to give is June."

Warnings of incoming energy market turmoil continued on Monday, with the CEO of Aramco, formerly known as the Saudi Arabian Oil Company. Amin Nasser warned that the market could lose around 100 million barrels of oil each week if Hormuz remains closed.

Nasser told investors on an earnings call earlier today that if the Hormuz chokepoint is disrupted for another couple of weeks, then it would take the global energy market until 2027 to normalize. 

Here are the most important comments from Nasser's call with the analyst:

• Energy Supply Shock Is Largest Ever Experienced

• It'll Take Months for Oil Market to Rebalance Even If Hormuz Reopens Today

• Market to Normalize in 2027 if Hormuz Opening Is Delayed by Few More Weeks

• Market Has Seen Supply Loss of About 1 Billion Barrel of Oil

• Alternative Flows Bypassing Hormuz, Strategic Reserve Releases Partially offset that

• Market Could Lose Around 100 Mln Barrels of Oil For Every Week

• Demand Rationing to Continue As Long As Supply Remains Disrupted

• Return to Demand Growth Expected to Be Robust If Trade Resumes

• Demand Growth to Be Driven by Urgency to Ensure Security of Supply

• Supply Chains Will Need Several Months to Return to Normal

Building on the countdown-to-energy-chaos theme, Morgan Stanley analyst Martijn Rats warned clients that the oil market is in a "race against time" as the maritime chokepoint remains heavily disrupted. He noted that global supply buffers, which have kept crude prices contained during the ten-week Iran war, are starting to come under pressure.

Rats said that nearly 1 billion barrels have already been lost, yet Brent crude  futures have not exceeded 2022 levels because the market entered the crisis with spare supply buffers and because traders kept assuming Hormuz would reopen.

"The ability of the US to continue this elevated level of exports is hard to gauge but appears under more pressure," the analyst noted, adding, "The United States' 3.8m b/d increase in exports and China's 5.5m b/d cut in imports have shielded the rest of the world from 9.3m b/d of tightness." 

Rats warned, "Even if the Strait reopened tomorrow, the time required to restart fields, repair refineries, and reposition tanker tonnage means the market is on track to lose another billion barrels over the balance of 2026."

In a separate note, JPMorgan's resident commodity expert, Natasha Kaneva, explained where the next phase of the global energy shock could unfold.

Kaneva's chart on global oil inventories is truly shocking.

Read Kaneva's full note here.

Overall, the warnings are piling up. If the maritime chokepoint remains shuttered through this month, real panic may begin then.

Tyler Durden Mon, 05/11/2026 - 10:15

US Existing Home Sales Disappoint In April, Despite Lower Mortgage Rates

With the Spring selling season already in tatters, existing home sales were expected to rebound in April very modestly (+2.0% MoM) off recent record lows. However, the rebound was far less than expected, up just 0.2% MoM, which left sales of existing homes unchanged YoY...

Source: Bloomberg

Total existing home sales SAAR hover just above 4.00 million homes...

Source: Bloomberg

The NAR report showed the median selling price rose 0.9% from a year earlier to $417,700 last month - the highest for any April on record.

Source: Bloomberg

The inventory of previously owned homes increased from a year ago to 1.47 million - the most for any April since 2019.

Source: Bloomberg

“Even though it’s the highest inventory post-Covid, we are not close to the pre-Covid April inventory of 1.83 million,” Lawrence Yun, NAR chief economist, said on a call with reporters.

Contract closings rose in the Midwest and South, according to the NAR. They fell to a three-month low in the West.

Finally, it appears home sales are becoming less and less elastic relative to mortgage rates (which had fallen notably during the period of reporting)..

Source: Bloomberg

And, as the chart shows, mortgage rates are recently on the rise again...which will not help the situation at all.

Tyler Durden Mon, 05/11/2026 - 10:07

"Friendly Local Assassin" Suspect In White House Correspondents' Dinner Shooting Pleads Not Guilty

In a federal courtroom in Washington this morning, 31-year-old Cole Tomas Allen entered a not guilty plea to charges stemming from the April 25 shooting incident at the White House Correspondents’ Association (WHCA) Dinner. The plea sets the stage for a high-profile trial that could determine whether Allen faces life in prison for what authorities describe as an attempted assassination of President Donald Trump.

Allen was tackled by Secret Service after gunfire erupted just outside the ballroom packed with roughly 2,600 attendees - including the President, First Lady Melania Trump, Vice President JD Vance, and numerous Cabinet officials and journalists.

The night of April 25...

Around 8:36 p.m. EDT, as dinner service was underway, Allen - armed with a 12-gauge Maverick shotgun, an Armscor Precision .38 semi-automatic pistol, and multiple knives - rushed past a security checkpoint on an upper level of the hotel. He fired at least one shot (reports indicate possible additional rounds) in the direction of law enforcement before being tackled by Secret Service agents and other officers.

One Secret Service agent was struck in his bulletproof vest by buckshot; he was treated and released from the hospital. Allen sustained a knee injury after tripping during the confrontation but was not shot. No bystanders or attendees were injured or killed. President Trump was quickly surrounded by agents and evacuated - 10 seconds after JD Vance, and the dinner was halted and later rescheduled.

Surveillance footage captured the rapid sequence: Allen sprinting with weapons visible, the sound of gunfire, and swift law enforcement response. Allen had checked into the hotel as a guest days earlier, traveling by Amtrak from his home in Torrance, California.

Today, we are releasing video already provided to U.S. District Court showing Cole Allen shoot a U.S. Secret Service officer during his attempt to assassinate the President at the White House Correspondents’ Dinner.

There is no evidence the shooting was the result of friendly… pic.twitter.com/a8gRXkW6BH

— US Attorney Pirro (@USAttyPirro) April 30, 2026

Born April 11, 1995, Allen is a California native with an extensive academic background - earning a bachelor’s degree in mechanical engineering from the California Institute of Technology (Caltech) in 2017 and a master’s in computer science from California State University, Dominguez Hills in 2025. He interned at NASA, worked part-time as a tutor at C2 Education in Torrance (named “Teacher of the Month” in December 2024), and developed video games, including a 'non-violent fighting game' (lol) called Bohrdom that was later removed from Steam following his arrest.

Acquaintances and family described him as highly intelligent, polite, inquisitive, and generally “gentle” or “super stable,” with no prior criminal history. He lived with his parents and siblings, regularly practiced at shooting ranges, and had expressed anti-Trump political views online and in person—including a small donation to Kamala Harris’s 2024 campaign and attendance at protests.

The Manifesto and Alleged Motive

Approximately 10 minutes before the attack, Allen emailed a lengthy note titled "Apology and Explanation" to family members. In it, he apologized for “abusing” their trust and stated he did not expect forgiveness. He exhibited deep hatred of Trump, referring to himself in one passage as the "Friendly Federal Assassin" and outlining an intent to target “administration officials (not including Mr. Patel)” - widely interpreted as sparing FBI Director Kash Patel - from highest-ranking to lowest.

The document criticized specific actions such as federal operations against alleged drug boats and highlighted what Allen perceived as lax security at the hotel and event. Also for some reason FBI Director Kash Patel was not a target. 

Authorities have described the note and related materials recovered from his devices and hotel room as a manifesto reflecting political grievances and a belief that it was his “duty” to act. Investigators are still examining the full scope of his radicalization, but preliminary findings point to targeted political violence rather than random or personal animus.

#WHCD #TRUMP
**Here is the full text of Cole Allen’s manifesto**, as published by the New York Post (1,052 words, signed “Cole ‘coldForce’ ‘Friendly Federal Assassin’ Allen”).
Part: 1/2
---
Hello everybody!
So I may have given a lot of people a surprise today. Let me start off… pic.twitter.com/6brCsHjHoJ

— CosMike (@C0sM1ke) April 27, 2026 Developments

Allen was charged days after the incident with attempting to assassinate the president, assaulting a federal officer with a deadly weapon, and multiple firearms violations (including interstate transportation of a firearm with intent to commit a felony and discharging a firearm during a crime of violence). A federal grand jury later returned a four-count indictment.

He has remained in federal custody in Washington. Early proceedings included concerns over his detention conditions - initially on suicide watch, later removed - prompting a federal magistrate judge to express alarm about his treatment, including reports of five-point restraints, and to demand explanations from jail officials (poor baby!). Allen’s defense team has filed motions, including one seeking the recusal of U.S. Attorney for D.C. Jeanine Pirro, and has highlighted what they describe as unusually harsh conditions compared to other high-profile detainees.

Today’s arraignment before Judge Trevor McFadden was the first formal opportunity for Allen to enter a plea on the indicted charges. With the not guilty plea entered, the case now proceeds toward trial, discovery, and potential pre-trial motions. If convicted on the lead count, Allen could face life imprisonment.

Tyler Durden Mon, 05/11/2026 - 10:00

New Jersey Rep. Josh Gottheimer issued a sharp rebuke of the Democratic Party for failing to denounce anti-semitism and hateful rhetoric coming from the left while being eager to do so against the right.

For decades, he was a thorn in the side of Hollywood’s bad boys and fixers. And now the late investigative journalist and former NYPD detective John Connolly’s entire archive is up for grabs.

After duking it out in the box office ring with returning challenger “The Devil Wears Prada 2” this weekend, “Mortal Kombat II” punched its way to a cool $40 million domestic gross and landed in second place. That’s a flawless victory! Or… a fatality. Depending on who you ask, and how you contextualize Warner Bros.’...

Stage names in Hollywood are legendary from Issur Danielovitch becoming Kirk Douglas to Maurice Micklewhite turning into Michael Caine, and Frances Ethel Gumm magically morphing into Judy Garland. But in the Golden Era, even the restaurateurs reinvented themselves. Dobrivoje Tanasijević — a soccer prodigy from Belgrade who escaped Communist Yugoslavia — was known by the town...

The 44-year-old and Green, 29, previously welcomed a daughter whose name they have yet to share. Miller also shares a daughter with ex Tom Sturridge.

The 44-year-old and Green, 29, previously welcomed a daughter whose name they have yet to share. Miller also shares a daughter with ex Tom Sturridge.

Will the Knicks ride the wave or get a reality check in the Eastern Conference finals?

Key Events This Week: CPI, PPI, Retail Sales, Trump-Xi Summit

As DB's Jim Reid tallies overnight, it has now been 73 days since the war in Iran began, with the past 32 marked by a stalemate characterized by a mix of truce and ongoing ceasefire. The absence of any meaningful kinetic activity for over a month suggests a firm US preference for reaching a deal. However, a counterpoint is that uncertainty over who holds negotiating authority in Iran may be complicating progress and delaying more difficult times ahead. It remains an unusual conflict with little action now for a month. In simple terms though, as long as the Strait of Hormuz stays closed, markets remain on a knife edge. Polymarket currently assigns a 39% probability to it fully reopening by 30 June.

The latest is that oil and yields are up again this morning as President Trump has posted that "I have just read the response from Iran's so called 'Representatives'" which he went on to call "TOTALLY UNACCEPTABLE". This was based on a WSJ report that suggested Iran was offering to transfer some of highly enriched uranium to another country but wouldn't dismantle its nuclear facilities. Iran's official news agency has disputed the report anyway. Brent is up +4.23% and 10yr US yields are up +3.5bps. However, US and European equity futures are largely flat and Asian equities are largely higher on the AI trade. The KOSPI is on fire again with the index up +4.0% as semiconductors surge again. The index has crossed +85% YTD.

This comes ahead of the planned mid-to end week meeting between US President Donald Trump and China’s President Xi Jinping in Beijing. It’ll be interesting to see whether this meeting does anything to shape negotiations in the war. Both leaders would clearly like to show their influence on the world stage. So certainly the biggest headline event of the week (full preview here).

Before that, the new week arrives with markets still processing last Friday’s US payrolls report, which came in broadly firm and reinforced the view that labor market conditions remain resilient. While not strong enough to decisively alter the policy outlook, the release did little to ease concerns that underlying inflation pressures could persist, especially given still-solid wage dynamics. Against this backdrop, outside of the Iran War developments which will of course take center stage, the coming week will remain centered on the US, with a dense run of data and policy developments.

This week's focal point will be tomorrow’s April CPI report. DB economists expect headline inflation to rise by +0.58% month-on-month, moderating from March’s +0.9%, but still relatively firm. In contrast, the core measure is projected to accelerate to +0.39% MoM from +0.2%, suggesting underlying price pressures remain sticky even as energy-related effects fade. The YoY rates would move from 3.3% to 3.8% for the former and from 2.6% to 2.8% for the latter.

Producer price data follows on Wednesday and then the remainder of the week shifts towards activity indicators. DB economists expect retail sales to decline by -0.3% MoM after March’s strong +1.7% increase, pointing to some payback in consumer spending. Meanwhile, industrial production is forecast to rise modestly by +0.2% MoM following a -0.5% drop previously, suggesting a tentative stabilization in manufacturing output.

Policy and politics will also be important. A Senate vote on Kevin Warsh’s nomination as Fed Chair is scheduled for today, just days before Jerome Powell’s term is set to expire at the end of the week. It's possible the vote could get pushed back a day or so due to other Senate business but by the end of the week you would expect Warsh to have taken Miran's seat on the board with Powell staying on the committee.

In Europe, inflation readings from Denmark and Norway today are followed with Germany’s ZEW survey tomorrow with sentiment darkening even with the nation's extraordinary fiscal package. Later in the week, the ECB’s economic bulletin may offer additional context on the central bank’s assessment of inflation and activity trends.

In the UK, attention will be split between politics and macro. The State Opening of Parliament and the King’s Speech on Wednesday will outline the government’s legislative agenda for the year ahead. With PM Starmer under tremendous pressure following the very poor (but broadly as expected) local election results on Thursday there is talk of a leadership challenge as soon as today. Backbench MP Catherine West has said she will stand, which would be a stalking horse nomination. However, many left-wing MPs (as she is) have urged her not to as their preferred candidate Andy Burnham is not currently an MP. They fear an election now might be a bit too early and may allow a more moderate candidate like Wes Streeting to prevail. So timing tactics could prolong Starmer’s reign. A reminder that in September last year, Mr Burnham said that the UK should no longer be “in hock to the bond markets”. This caused a spike in Gilt yields and although he subsequently downplayed the remarks, this is something to watch carefully as we navigate the politics of the next few days and weeks. On the data side, Q1 UK GDP on Thursday will offer up the latest state of play growth wise.

In Asia, Japan’s schedule includes household spending data tomorrow, alongside the Economy Watchers survey and bank lending figures on Wednesday. In addition, the Bank of Japan will publish its summary of opinions from the April meeting, which should provide greater insight into policymakers’ thinking and any emerging shifts in the policy stance.

There are multiple appearances from Fed, ECB, BoE and BoJ officials throughout the week, and on the corporate front, earnings continue at a steadier pace. In the US, Cisco and Applied Materials are among the key names, while internationally the focus includes major firms such as Tencent, Alibaba, Siemens and Bayer. See the day-by-day calendar at the end as usual for a fuller week ahead preview.

Source: Earnings Whispers

Courtesy of DB, here is a day-by-day calendar of events

Monday May 11

• Data: US April existing home sales, China April CPI, PPI, Denmark April CPI, Norway April CPI
• Earnings: Petroleo Brasileiro, Constellation Energy, Barrick Mining, Compass, AST SpaceMobile
• Auctions: US 3-yr Notes ($58bn)
• Other: US Senate vote on Kevin Warsh’s nomination for Fed Chair

Tuesday May 12

• Data: US April CPI, federal budget balance, NFIB small business optimism, Japan March household spending, leading index, coincident index, Germany May Zew survey, Italy March industrial production, Eurozone May Zew survey
• Central banks: Fed's Goolsbee speaks, ECB's Dolenc speaks, BoJ Summary of Opinions April MPM
• Earnings: Siemens Energy, Mitsubishi Heavy Industries, MunichRe, Bayer, Vodafone, Venture Global, On Holding, thyssenkrupp
• Auctions: US 10-yr Notes ($42bn)

Wednesday May 13

• Data: US April PPI, Japan April bank lending, Economy Watchers survey, March BoP current account balance, BoP trade balance, Germany April wholesale price index, March current account balance, Eurozone March industrial production, Q1 employment
• Central banks: Fed's Collins and Kashkari speak, ECB’s Lagarde, Lane and Radev speak, BoE’s Mann speaks
• Earnings: Tencent, Cisco, Alibaba, Siemens, SoftBank, Allianz, Deutsche Telekom, E.ON, RWE, Alstom
• Auctions: US 30-yr Bonds ($25bn)
• Other: UK King’s Speech and the State Opening of Parliament

Thursday May 14

• Data: US April retail sales, import price index, export price index, March business inventories, initial jobless claims, UK April RICS house price balance, Q1 GDP, Japan April M2, M3, Canada April existing home sales, March wholesale sales ex petroleum
• Central banks: Fed's Hammack and Barr speak, BoJ’s Masu speaks, BoE's Pill speaks
• Earnings: Applied Materials, National Grid, Figma
• Other: US President Trump travels to China (through May 15)

Friday May 15

• Data: US May Empire manufacturing index, April industrial production, capacity utilisation, Japan April PPI, April machine tool orders, Italy March general government debt, Canada April housing starts, March international securities transactions, manufacturing sales
• Central banks: Fed Chair Powell’s term ends, ECB’s economic bulletin

Finally, looking at just the US, the key economic data releases this week are the CPI report on Tuesday and the retail sales report on Thursday. There are several speaking engagements by Fed officials this week, including events with Presidents Williams, Goolsbee, Collins, Kashkari, Schmid, and Hammack and Governor Barr on Thursday.

Monday, May 11 

• 10:00 AM Existing home sales, April (GS +3.0%, consensus +2.0%, last -3.6%)

Tuesday, May 12 

• 03:15 AM New York Fed President Williams (FOMC voter) speaks: New York Fed President John Williams will participate in a monetary policy panel at a conference jointly organized by the Swiss National Bank and the International Monetary Fund in Zurich, Switzerland. A Q&A session is expected. On May 4, Williams said, “The elevated levels of inflation, mixed signals from the labor market, and heightened uncertainty from the Middle East conflict present an unusual set of circumstances, but the current stance of monetary policy is well positioned to balance the risks to our maximum employment and price stability goals.”
• 08:30 AM CPI (MoM), April (GS +0.58%, consensus +0.6%, last +0.9%); Core CPI (MoM), April (GS +0.31%, consensus +0.3%, last +0.2%); CPI (YoY), April (GS +3.68%, consensus +3.7%, last +3.3%); Core CPI (YoY), April (GS +2.67%, consensus +2.7%, last +2.6%): We estimate a 0.31% increase in April core CPI (month-over-month SA), which would raise the year-over-year rate to 2.67%. We expect mixed autos inflation, reflecting a 0.4% decline in used car prices, a 0.1% increase in new car prices, and a 0.4% increase in the car insurance category. We forecast a jump in the shelter categories—a 0.50% increase in the OER category and a 0.44% increase in the rent category—reflecting the unwind of the downward bias in the index level from missed data collection during the government shutdown. The panel group that should have been sampled in October will be sampled in April and compared to prices from twelve months prior (i.e. April will effectively show two months’ worth of increases). We expect mixed readings for the travel services categories (airfares: +3%; hotels: flat), reflecting signals from alternative price data. We expect diminishing upward pressure from tariffs on categories that are particularly exposed (such as recreation) worth +0.04pp. We estimate a 0.58% rise in headline CPI—reflecting higher food prices (+0.3%) and sharply higher energy prices (+4.6%)—which would raise the year-over-year rate to +3.68% from +3.26%. Our forecast consists of a 0.26% monthly increase in the core PCE price index in April.
• 01:00 PM Chicago Fed President Goolsbee (FOMC non-voter) speaks: Chicago Fed President Austan Goolsbee will speak at the Greater Rockford Chamber of Commerce Luncheon in Rockford, Illinois. A Q&A session is expected. On May 8, during an interview in which he was asked whether inflation is the main danger now given that the labor market appears to have stabilized, Goolsbee responded, “I am optimistic that rates can go down, if we get some progress on inflation, [showing] we are headed back to the 2% inflation, [but] we just haven’t had [progress on inflation] for some time, and that makes me less optimistic.” When asked about the easing bias in the April FOMC statement, Goolsbee responded, “I was always skeptical of the value and appropriateness of using forward guidance [on things] that the committee doesn’t think it is going to do for some number of months or committing to actions well in the future.” 

Wednesday, May 13 

• 08:30 AM PPI final demand, April (GS +0.6%, consensus +0.5%, last +0.5%); PPI ex-food and energy, April (GS +0.5%, consensus +0.3%, last +0.1%); PPI ex-food, energy, and trade, April (GS +0.3%, consensus +0.3%, last +0.2%);
• 11:30 AM Boston Fed President Collins (FOMC non-voter) speaks: Boston Fed President Susan Collins will give remarks and participate in a fireside chat at the Boston Economic Club. Speech text and Q&A are expected. On May 7, Collins said she preferred to adjust the text of the post-meeting statement to “not be as closely aligned with language that has been associated with the presumption that the next move will be a cut.” She also added, “I do think that there are scenarios in which it would be important to strongly consider a hike.”
• 01:15 PM Minneapolis Fed President Kashkari (FOMC voter) speaks: Minneapolis Fed President Neel Kashkari will participate in a moderated discussion at a St. Paul Area Chamber event. A Q&A session is expected. On May 7, Kashkari said, “We voted against the forward guidance because we just didn’t want to signal that the next move was likely down.” He also added, “We cannot let elevated inflation be the new normal.”

 
Thursday, May 14 

• 08:30 AM Import price index, April (consensus +1.0%, last +0.8%); Export price index, April (consensus +1.1%, last +1.6%)
• 08:30 AM Initial jobless claims, week ended May 9 (GS 205k, consensus 205k, last 200k); Continuing jobless claims, week ended May 2 (consensus 1,785k, last 1,766k)
• 08:30 AM Retail sales, April (GS +0.2%, consensus +0.6%, last +1.7%); Retail sales ex-auto, April (GS +0.3%, consensus +0.6%, last +1.9%); Retail sales ex-auto & gas, April (GS +0.1%, consensus +0.4%, last +0.6%); Core retail sales, April (GS +0.2%, consensus +0.4%, last +0.7%): We estimate core retail sales increased 0.2% in April (ex-autos, gasoline, and building materials; month-over-month SA), reflecting mixed alternative data and a headwind from potential residual seasonality. We estimate headline retail sales increased 0.2%, reflecting higher gasoline prices but lower auto and food services sales.
• 10:15 AM Kansas City Fed President Schmid (FOMC non-voter) speaks: Kansas City Fed President Jeff Schmid will speak on payments innovation and community banking at the Future of Banking Conference hosted by the Federal Reserve Bank of Kansas City. Speech text and Q&A are expected. On April 1, Schmid said, “With inflation already running hot, now is not the time to assume that the inflation from higher oil prices will be transitory.” He also added, “We must remain focused on our headline inflation objective, otherwise, I believe there is a real risk that inflation will get stuck closer to 3 percent than 2 percent in the long run.”
• 01:00 PM Cleveland Fed President Hammack (FOMC voter) speaks: Cleveland Fed President Beth Hammack will deliver opening remarks at the Cleveland Fed Conversations on Central Banking event. On May 7, Hammack said, “The statement that we put out is that interest rates were on hold, but we have the signal in there that it’s more likely that the next move will be down, [and] I thought that was a little bit misleading, just given my view of where the economy is.” She also added that her “baseline outlook is that interest rates will be on hold for quite some time.”
• 05:30 PM Fed Governor Barr speaks: Fed Governor Michael Barr will deliver remarks at an event organized by the Money Marketeers of New York University. Speech text and Q&A are expected. On May 5, Barr said, “The duration of the conflict matters a lot, and the longer it goes on, the greater the risk that the inflation we are seeing in these prices becomes embedded in the economy.”
• 05:45 PM New York Fed President Williams (FOMC voter) speaks: New York Fed President John Williams will participate in a moderated discussion at a conference organized by Moody’s. A Q&A session is expected.

Friday, May 15 

• 08:30 AM Empire State manufacturing index, April (consensus +7.5, last +11.0)
• 09:15 AM Industrial production, April (GS +0.4%, consensus +0.2%, last -0.5%); Manufacturing production, April (GS +0.1%, consensus +0.2%, last -0.1%); Capacity utilization, April (GS 75.8%, consensus 75.8%, last 75.7%): We estimate industrial production increased 0.4% in April, largely reflecting strong natural gas and oil production. We estimate capacity utilization edged up to 75.8%.

Source: DB, Goldman

Tyler Durden Mon, 05/11/2026 - 09:35

Infamous race faker turned OnlyFans model Rachel Dolezal has revealed a sexy new career pivot pay the bills.

It's silky, it's soothing, it's protecting, and it's worth it.

We’re recapping season 1 episode 7 of “The Real Housewives of Rhode Island” with our “Virtual Reali-Tea” co-hosts Danny Murphy and Evan Real. Jo-Ellen Tiberi shares “indisputable” proof of Rulla Nehme Pontarelli’s husband’s alleged affair with the ladies. Ashley Iaconetti breaks down and leaves Newport early after her son was hospitalized. “Real Housewives of Rhode...

We’re recapping season 1 episode 7 of “The Real Housewives of Rhode Island” with our “Virtual Reali-Tea” co-hosts Danny Murphy and Evan Real. Jo-Ellen Tiberi shares “indisputable” proof of Rulla Nehme Pontarelli’s husband’s alleged affair with the ladies. Ashley Iaconetti breaks down and leaves Newport early after her son was hospitalized. “Real Housewives of Rhode...

Allen, 31, is also charged with assault on law enforcement, transporting a firearm across state lines to commit a felony and discharging a weapon during a crime of violence.

Mallory Edens, the daughter of Milwaukee Bucks billionaire co-owner Wes Edens, was all smiles as she represented the team at the 2026 NBA draft lottery in Chicago on Sunday.

Khamenei Orders Iran's Army To 'Continue Decisive Operations'

Via The Cradle

Iran's Supreme Leader Mojtaba Khamenei has ordered the country’s forces to continue military operations against the US and Israel, according to a report by Iranian public broadcaster IRIB released Sunday. 

The order came during a meeting between Khamenei and Major General Ali Abdollahi, the commander of the Iranian army's Khatam al-Anbiya Headquarters. "During this meeting, the Supreme Commander-in-Chief, His Eminence Ayatollah Sayyed Mojtaba Hosseini Khamenei, while expressing appreciation for the brave and valiant fighters and the country’s powerful armed forces, issued new directives and guidance for continuing operations and confronting enemies decisively," the report said. 

via AFP

Abdollahi also "presented a report on the readiness of the armed forces" during the meeting, IRIB added. The report comes after two months of speculation and unverified media claims about the Supreme Leader's status. 

Western news outlets like The Guardian and The Times had claimed earlier in the war that Khamenei was in a coma following the US-Israeli strikes that assassinated his father. Reports also claimed that he fled to Russia. 

Mazaher Hosseini, head of protocol in the office of Iran's supreme leader, recently stated that Khamenei was healing from minor injuries he sustained and "is now in complete health."

"Thank God, he is in good health. The enemy is spreading all kinds of rumors and false claims. They want to see him and find him, but people should be patient and not rush. He will speak to you when the time is right," the Iranian official stated.

The IRIB report came a day after CNN cited US intelligence as saying that Khamenei "is playing a critical role in shaping war strategy alongside senior Iranian officials."

It also comes days after Iran’s President Masoud Pezeshkian said he met with the supreme leader. "What struck me most during this meeting was the vision and the humble and sincere approach of the supreme leader of the Islamic Revolution," he said. 

Tehran has sent out its response to a new US proposal for a ceasefire via Pakistan, according to state media. The US has maintained an illegal blockade of Iranian ports since the ceasefire began.

Washington violated the truce days ago by bombing Iran's coast and attacking two vessels. Iranian forces targeted two US military vessels in response. The next day, skirmishes broke out between Iranian and US forces in the Strait of Hormuz.

Spokesperson for the Iranian parliament’s Foreign Policy and National Security Committee, Ebrahim Rezaei, said on Sunday that Tehran will strike US military bases and vessels in response to any new violations from Washington – stressing that "restraint has come to an end."

Tyler Durden Mon, 05/11/2026 - 09:20

"The senseless tragedy that occurred last night leaves a hole in our hearts and will forever change the lives of all the families touched by this unspeakable event."