presidential primary

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

• Soothing Fed sounds send stocks to five-week high (Reuters)
• Clinton reaches magic number in fight for Democratic nomination (Reuters)
• Euro-Area Economy Grows Faster as Consumption Gathers Pace (BBG)
• Trump unyielding on Hispanic judge uproar (Reuters)
• European Firms Find ‘Increasingly Hostile’ Environment in China (WSJ)
• China tells U.S. to play constructive South China Sea role (Reuters)
• Republican Alternative to Dodd-Frank Calls for Banks to Boost Capital (WSJ)

As we reported yesterday citing a former Bill Clinton politcal staffer and advisor, Douglas Schoen, it is looking increasingly likely that Hillary may be replaced by Joe Biden at the Demoratic presidential convention. As the main catalyst, Schoen cited the outcome of the California presidential primary.  As he writes, "the inevitability behind Mrs. Clinton’s nomination will be in large measure eviscerated if she loses the June 7 California primary to Bernie Sanders. That could well happen."

It’s been two generations since “your number is up” meant anything but relief at the DMV or a one-way ticket to the pearly gates.

• Clinton loss in West Virginia signals trouble in Rust Belt (Reuters)
• GOP hopefuls struggle with support of Trump (Hill)
• Brazil Impeachment Vote May Spell Rousseff's Last Day on Job (BBG)
• Staples-Office Depot Merger Collapses After Block by Judge (BBG)
• Tumbling Banco Popolare leads Italian bank shares lower  (Reuters)
• Queen Caught on Camera Describing 'Very Rude' Chinese Officials (BBG)
• Hardcore Bear ETFs Poised to Swell Past Bulls as Inflows Surge (BBG)