Environment

While Hawaiian officials are pushing to re-open fallout shelters, the people of another island (considerably closer, and well within range) are actively preparing for a worst case scenario from North Korea. As Reuters reports, sales of nuclear shelters and radiation-blocking air purifiers have surged in Japan in recent weeks as North Korea has pressed ahead with missile tests in defiance of U.N. sanctions.

Japan is well within range of already-tested North Korean missiles...

And that has prompted aoring demand among the Japanese people...

Despite coming second in the results, trailing Macron by just over 2% in the final vote, there were several places in France where Marine Le Pen didn't manage to get a single vote: 56 places in fact.

Heading into today's vote, FX options markets had seen massive demand for downside protection against a result that threatened the euro's existence. That didn't happen and so those hedges are being unwound en masse with the biggest drop in EURUSD implied vols in history...

Close up, 1mo EURUSD vols erased all the damage from the last few weeks' fears...

And Risk-Reversals (which measure the skew or relative demand for downside protection over upside), have spiked back to near 'normal' levels...

Satellite images of the Punggye-ri Nuclear Test Site from April 19 indicate that North Korea may have resumed preparations for a possible imminent nuclear test.

The global warming activist democrats in Trump's White House, led by Ivanka and Jared Kushner, are trying to convince the President to reneg on yet another campaign pledge, against the advice of Steve Bannon.

According to Bloomberg, a pro Paris bloc in his administration, which targets greenhouse emissions, is recruiting energy companies to lobby the President to remain in the controversial agreement that he specifically said was a waste of money during the campaign.