Business

According to reports on ABC News, online room and home rental giant Airbnb is now allowing travelers from all over the world to book in Cuba. The Northern California company revealed that they have been granted special permission from the current Presidential administration: Airbnb was the first major American company to enter Cuba after Presidents Barack Obama and Raul Castro declared detente on Dec. 17, 2014. The service handles online listing, booking and payments for people looking to stay in private homes instead of hotels.

Back in November, before the full extent of the Valeant fraud would start to become apparent as it has in recent weeks sending the stock to 6 year lows (there is much more to come now that the company is now engaged in a mudslinging campaign with its former CFO and its formerly biggest Wall Street backer, Goldman Sachs), we explained the Valeant phenomenon simply by writing that "in today’s broken markets and corrupt regime of central bank driven crony capitalism bubbles inflate in individual securities, as well as in broad sectors (e.g.

Around 915ET we tweeted the need for an OPEC meeting headline as oil prices started to accelerate losses. 70 minutes later, the market's "wish" was granted when Algeria (yes, seriously) announced they will attend, Nigeria is hopeful, and Libya said it would not attend... of course any headline is a buying opportunity and the algos went wild...

We tweeted...

WTI CRUDE DROPS 1.6% TO SESSION LOW; S&P FUTURES DOWN 11PTS. quick, need some OPEC meeting headlines

You decide...

The markets' various indicators of 'Brexit Risk' are all elevated this morning post-Belgium-attacks.

GBPUSD is tumbling...

But most crucially, the cost of protection against pound currency swings over EU currency swings has jumped to the highest ever signalling the highest market-impled risk of Brexit so far.

As Fed's Lockhart warned yesterday, the contagious risk of Brexit will likely spread to the US economy - so this is not to be ignored.