Human Interest

After 2 poor, tailing auctions earlier this week, moments ago it was a bit of a relief for Treasury bulls to see that today's $28 billion issue of 7Y paper finally stopped through the 2.338% When Issued, printing at 2.335%. The strong headline result took place even though, as reported earlier in the week, there has been no scarcity of collateral in repo, and thus no pervasive overhang of shorts who get squeezed into the auction.

On the surface, key Dow component Johnson & Johnson reported strong earnings, with EPS of $1.58 coming stronger than the $1.56 consensus expectation, despite revenue of $1.81BN missing consensus of $18.28BN. Among the key notables in the earnings report was the company's announcement it was in a process to evaluate potential strategic options for the Johnson & Johnson Diabetes Care Companies, specifically LifeScan, Animas, and Calibra. Such option  "may include the formation of operating partnerships, joint ventures or strategic alliances, a sale of the businesses."

‘Queen of Pop’ Madonna is currently under investigation by the Secret Service after publicly inciting domestic terrorism against the American government.  Following Madonna’s threat of “blowing up the White House” at the Women’s March on Washington on Saturday, the Secret Service have confirmed that they are launching an investigation, the results of which will be passed over to the U.S. Attorney’s Office for review.

Nicole Kidman has had contracts cancelled by two Hollywood studios and has been warned by “famous liberal celebrities” to “steer clear of the Oscars“, according to a source at Creative Artists Agency in Los Angeles. Kidman has also received threatening letters telling her to “go back where you came from” sent by intolerant liberals, despite the fact she was born in Hawaii and holds dual US-Australian citizenship. Why all the hate?

Madonna used her platform at the Women’s March in Washington DC to admit that she is “angry” and “outraged” and has “thought an awful lot about blowing up the White House.“ “We choose love!” Madonna proclaimed to wild cheers from the crowd of protestors, less than 24 hours after Hillary supporters rampaged through DC destroying private property and attacking people for having a different opinion.