Business

Elon Musk bills Tesla as the pinnacle of "lean" manufacturing.  Just search for pictures of Tesla's manufacturing plant and you'll undoubtedly be served up futuristic looking images, like the one below, depicting 100's of red robots building vehicles without a single employee.

But, if Tesla is truly the lean manufacturing powerhouse that it purports itself to be then we do wonder why it continues to burn through ~$600 million of cash every single quarter, or roughly $30,000 for every car that it sales?

Anbang Insurance, China's hyperacquisitive insurance rollup, which was responsible for a sizable portion of China's merger spree between 2014 and 2016, and which has since been accused of being a money laundering vehicle, of wreaking "havoc" with the Chinese insurance market, and was a potential investor in Jared Kushner's 666 Fifth Avenue building until the deal fell apart in March, announced that its billionaire Chairman Wu Xiaohui, is "unable to perform his duties" due to personal reasons, confirming Chinese media reports that the tycoon had recently been detained by aut

The curious case of the inverted yield curve in China's $1.7 trillion bond market is worsening as WSJ notes that an odd combination of seasonally tight funding conditions and economic pessimism pushed long-dated yields well below returns on one-year bonds, the shortest-dated government debt.

It's been about one month since his latest public address and so today, at 4:15pm ET the new Bond King, Doubleline CEO and CIO Jeffrey Gundlach, will host his latest webcast on the Total Return Fund, where in addition to a performance overview, Gundlach will share his latest perspectives on capital markets and his outlook on the economy.

The webcast will start at 4:15 pm Eastern/1:15 pm Pacific today (Tuesday June 13, 2017). To register and participate, please click on this link or the image below.

Gundlach's complete presentation is below

Every effort was made to stomp VIX to lift stocks ahead of The FOMC...