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Frontrunning: March 22

  • Brussels Rocked by Deadly Attacks With Blasts at Airport, Subway (BBG)
  • Death count climbs in Brussels blasts (Reuters)
  • Europe on High Alert After Blasts in Belgium (WSJ)
  • Brussels Phone Users Urged to Text Not Call as Networks Jammed (BBG)
  • U.S. Embassy Urges Citizens in Brussels to Shelter in Place (BBG)
  • Oil prices swept lower after Brussels blasts spook investors (Reuters)
  • Democratic Party workers pore over videos in bid to hobble Trump (Reuters)
  • Trump's Republican Turnout Boost Extends to Battleground States (BBG)

Global Markets, S&P500 Futures Fall After Brussels Bombings

This morning's Brussels bomb attacks have led to risk-off sentiment across European asset classes, with Bunds higher and equities firmly in the red, although if the Paris terrorist attacks of November are any indication, today's tragic events may be just the catalyst the S&P500 needs to surge back to all time highs. FX markets have also been dominated by events in Brussels, with USD and JPY strengthening, while EUR and GBP softening throughout the European morning.

FBI Cancels Encryption Showdown With Apple After "3rd Party" Showed Them How To Unlock iPhone

FBI Cancels Encryption Showdown With Apple After "3rd Party" Showed Them How To Unlock iPhone

Following a mysterious "third party"'s willingness to show The FBI how to unlock San Bernardino killer Farook's iPhone, court records indicate that the US government wishes to cancel tomorrow's showdown with Apple, filing a motion to vacate the hearing.

Hours after Tim Cook explcitly told the world (marketed) his firm would never sell out their privacy...

 

The US government filed a motion on Monday to vacate Tuesday’s hearing against Apple.

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