Harman On Time Radio

In the latest potential setback for the on-time delivery of Tesla's Model 3, I4U reports that Tesla is facing a potential strike at its new German subsidiary. Tesla acquired Grohmann, a specialized machine manufacturer, for about $150 million several months ago and now the German Trade Union IG Metall has warned that it is exploring a worker strike at Tesla Grohmann. A key supplier, the machines built at Tesla Grohmann are used to manufacture the Model 3. As a result, the Model 3 production start in July could face another imminent delay.

With the world still abuzz over the first ever deployment of the GBU-43/B "Mother Of All Bombs" in Afghanistan, where it reportedly killed some 36 ISIS fighters, in a less noticed statement the US National Nuclear Security Administration quietly announced overnight the first successful field test of the modernized, "steerable" B61-12 gravity thermonuclear bomb in Nevada.

The scramble for America's bottom dollar is on, and according to a troubling report by Reuters it has prompted America's largest low-cost retailer Wal-Mart to not only cut prices, but to squeeze suppliers in a stealthy war for market share and maximizing profits, a scramble for market share which is oddly reminiscent of the OPEC 2014 price fiasco and is certain to unleash a deflationary shock across wide portions of the US economy.

Submitted by Roddy Boyd of the Southern Investigative Reporting Foundation

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Canadian National Railway Company Inc. is an icon of the Canadian economic firmament whose rapid growth and sector-leading efficiency have made it a money-manager darling. A lengthy SIRF investigation suggests that a fair chunk of that growth has come from price gouging and misleading a key, taxpayer-funded commuter rail customer.

• Roller-coaster first quarter ends with shares, dollar under pressure (Reuters)
• Oil prices slide as U.S. crude stocks hit record (Reuters)
• GE Files to End Fed Oversight After Shrinking GE Capital (WSJ)
• FDA Eases Rules for Abortion Pill, Making Access Simpler (BBG)
• Kremlin denies report of Russia-U.S. deal on Assad's future (Reuters)
• Thirst for Gasoline Fuels Oil Rally (WSJ)
• Landlords in last-minute rush to beat stamp duty rises (BBG)
• CEO of SunEdison’s Spinoffs Leaves (WSJ)