Dow sheds more than 100 points Friday, but notches fourth straight positive week: Live updates – CNBC https://t.co/2icy3oKmQ9

— Atlas Investment Tracker (@_atlas_nyc) April 17, 2023

JPMorgan Chase posts record revenue on higher interest rates; shares jump 7% https://t.co/GADr44BOPw

— CNBC (@CNBC) April 14, 2023

Wells Fargo's first-quarter profit and revenue top the Street https://t.co/MyNJd2RqQb via CNBC #news #CNBC

— BlackCentaur (@JacekWierzbicki) April 14, 2023

No deposit outflows for the week ending April 5

Bank deposits rose $60.6 billion from the previous week, mostly offsetting all of the previous week's decline

Deposits rose at the largest banks by $21.1 billion.

They rose at small banks by $23.5 billion. https://t.co/a4gbA1K23O pic.twitter.com/dvP8PFMYnP

— Nick Timiraos (@NickTimiraos) April 14, 2023

The number of times "Banking" was mentioned in the Fed Minutes by meeting since 2021: (h/t Owen Minde) pic.twitter.com/UAapV8Ra7F

— Michael McDonough (@M_McDonough) April 13, 2023

Banking sector stabilizes. Fed's lending drops, flows into MMF slow. We will hear more directly from bank CEOs in earnings

14th: WF, JPM, Citi
18th: BofA, GS
19th: MS, US Bancorp, Citizens Zions
20th: EW Bancorp, Comerica, KeyCorp, Truist
Financial, Fifth Third
21st: W. Alliance pic.twitter.com/3nSxeWPGVu

— Valerie Tytel (@ValerieTytel) April 14, 2023

The reserve divergence appears right on schedule. Good news for big banks… and even better news for big banks cause small banks hit reserve constraint AGAIN in 3-4 weeks. Then we go back to square one and more failures, Fed panic, brrr, etc. pic.twitter.com/THkTDig5ev

— zerohedge (@zerohedge) April 15, 2023

https://twitter.com/C_Barraud/status/1647670065217585155

Federal Reserve Board Announces Approval For UBS To Acquire US Subsidiaries Of Credit Suissehttps://t.co/spCGGAEakC

— LiveSquawk (@LiveSquawk) April 14, 2023

Retail Sales Decreased 1.0% in Marchhttps://t.co/k4awRYgoeU pic.twitter.com/tpyxZw2jER

— Bill McBride (@calculatedrisk) April 14, 2023

Industrial Production Increased 0.4% in Marchhttps://t.co/MlGQ9zAdMJ pic.twitter.com/I6NPfRILYz

— Bill McBride (@calculatedrisk) April 14, 2023

🇺🇸 US Year-Ahead #Inflation Views Jump by Most in Nearly Two Years – Bloomberghttps://t.co/82RNciNZZc pic.twitter.com/dCFQ9Z5XUU

— Christophe Barraud🛢🐳 (@C_Barraud) April 15, 2023

BofA wage data is the most interesting of all this week. If correct (big if), then labor market is cooling extremely rapidly and (as they suggest) layoffs in high wage sectors are accelerating because nominal wages for high income are even negative YoY ht @fkronawitter1 pic.twitter.com/qgNRmDgBCl

— JHump (@hump_bear) April 14, 2023

$GS: "…to highlight softening consumer demand, the 60+ day delinquency rate has increased per Equifax" pic.twitter.com/btdJoFAlNw

— The Transcript (@TheTranscript_) April 15, 2023

🇺🇸 Our latest on the US outlook, by Xiao Cui.
"Banking on a mild recession – credit squeeze, growth downturn, and peak policy rate."https://t.co/P4tqsjfrZm

— Frederik Ducrozet (@fwred) April 17, 2023

https://twitter.com/C_Barraud/status/1647146368639676418

Office properties are by far the worst off of the subcategories. According to CoStar data, office utilization has more than halved compared to pre-Covid occupancy rates. Wow!

3/n pic.twitter.com/7SUh8ztmp1

— AndreasStenoLarsen (@AndreasSteno) April 15, 2023

It goes without saying that CRE is largely contingent on leverage and the availability and costliness of such. Correspondingly, the sector suffers as front-end rates – especially given the growing proportion of floating-rate mortgages – rises.

5/n pic.twitter.com/VQhXydqOmG

— AndreasStenoLarsen (@AndreasSteno) April 15, 2023

With the construction boom we have seen since 2021, driven by easy money and almost unmatchable demand, construction has accounted for a growing share of the US GDP.

Further deterioration could very well entail a growth slump in the forseeable future.

7/n pic.twitter.com/rpDzgauFX8

— AndreasStenoLarsen (@AndreasSteno) April 15, 2023

Federal Reserve’s Christopher Waller backs interest rate rise in May https://t.co/R8GwEzq6Yn

— David Kass (@DrDavidKass) April 14, 2023

Exclusive: Fed can 'hit the mark and hold' with one more rate hike, Bostic says https://t.co/QpdCU7suM6 pic.twitter.com/Q7pNlPpwAc

— Reuters (@Reuters) April 14, 2023

Chicago Fed President Goolsbee says recent reports show inflation is moving in the right direction – https://t.co/CkLe2V1XrB pic.twitter.com/tkz9HM2OY2

— Private Banks Ranking (@banks_ranking) April 16, 2023

Banking Turmoil Creates Uncertain Outlook For Bond Yields – FT https://t.co/HA4TyObm9v

— LiveSquawk (@LiveSquawk) April 17, 2023

A political group aligned with Florida Governor Ron DeSantis launched video attack ads against Donald Trump, striking back at the former president for scathing criticism of DeSantis and ratcheting up hostilities between the rivals for the Republican … https://t.co/f4sCytl0D4

— Daily Maverick (@dailymaverick) April 17, 2023

Four people familiar with the negotiations said China had told the US it was not prepared to reschedule a trip that Blinken cancelled in February.-FThttps://t.co/IGk1EWGca1

— CN Wire (@Sino_Market) April 16, 2023

🇨🇳 According to Bloomberg data, #China new home prices rose 0.44% in March 2023 (the fastest pace sin May 2021). pic.twitter.com/Vlu6dtABTE

— Christophe Barraud🛢🐳 (@C_Barraud) April 16, 2023

🇨🇳 #China Pumps $25 Billion in Funds to Banks While Keeping Key Rate on Hold – Bloomberghttps://t.co/pA4ObZY4Sp pic.twitter.com/K6Ll7QHVEg

— Christophe Barraud🛢🐳 (@C_Barraud) April 17, 2023

People’s Bank of China Governor Yi Gang says China has by and large ended foreign-exchange intervention, and the yuan’s value is set by the market https://t.co/tuzVRTK2iG

— Bloomberg Markets (@markets) April 15, 2023

Australian Treasurer Jim Chalmers says an independent review of the central bank has put forward 51 recommendations that will require changes to the institution’s operating legislation https://t.co/lqgjg4srKq

— Bloomberg (@business) April 17, 2023

New BOJ chief's message to world: We're staying the course – for now https://t.co/thxazz4wzH pic.twitter.com/Zq9feBc2R8

— Reuters (@Reuters) April 17, 2023

🔵 SOUTH KOREA AND JAPAN'S FINANCE MINISTERS TO HOLD FIRST BILATERAL TALKS IN 7 YEARS

– Full story via Reuters at https://t.co/IFkEJLUxUM pic.twitter.com/wjRbgTaiVl

— PiQ (@PiQSuite) April 17, 2023

China is sending encouraging signals about breaking a deadlock among global creditors over how to manage poor-country debt distress, says this year’s chair of the G-20 https://t.co/u4X7Q1Yxpc

— Bloomberg (@business) April 16, 2023

Vladimir Putin praised ties between the Russian and Chinese militaries as he met with China's defense minister on Sunday https://t.co/5IRfLMDdN4

— Bloomberg (@business) April 16, 2023

🇮🇹*ITALY FINAL MARCH HARMONIZED CPI RISES 8.1% Y/Y; EST. +8.2%

— Cable FX Macro (@cablefxmacro) April 17, 2023

🇪🇺 Calls grow for quick end to #ECB bond-scheme reinvestment – Reutershttps://t.co/BOIF4TbWvM

— Christophe Barraud🛢🐳 (@C_Barraud) April 14, 2023

“There is recovery,” President of the European Central Bank, Christine @Lagarde, says about the world economy.

“If you look at all the forecasts at the moment, it's all positive,” Lagarde adds. pic.twitter.com/SBT5J5KPee

— Face The Nation (@FaceTheNation) April 16, 2023

ECB’s Rehn: ECB Must ‘Carry On And Act Consistently’ With Rate Hikes – @CNBChttps://t.co/YXULN4isj9

— LiveSquawk (@LiveSquawk) April 14, 2023

ECB’s Nagel: Expect Core Inflation To Slow Before Summer – Pioneer Podcast https://t.co/0XKzpCAbts

— LiveSquawk (@LiveSquawk) April 17, 2023

🇪🇺 #ECB GOVERNING COUNCIL MEMBER MARTINS KAZAKS SPOKE TO LETA – BBG
*KAZAKS: ECB HAS OPTION OF 25BP OR 50BP MOVE IN MAY

— Christophe Barraud🛢🐳 (@C_Barraud) April 17, 2023

ECB To Lift Deposit Rate To 3.75% Peak In July, Survey Shows – BBG https://t.co/8ib104WFpy

— LiveSquawk (@LiveSquawk) April 17, 2023

Swiss National Bank To Complete Tightening Cycle In June, Says Economists – BBG https://t.co/ZeV5rjTxGv

— LiveSquawk (@LiveSquawk) April 17, 2023

Bank Of England Considers Urgent Reform Of Deposit Guarantee Scheme – FT https://t.co/gvDNBx9QPm

— LiveSquawk (@LiveSquawk) April 16, 2023

UK Chancellor Hunt 'Wary' Of New Subsidies As Companies Look To US For Government Support – Sky https://t.co/icITuQvcWm

— LiveSquawk (@LiveSquawk) April 16, 2023

Europe’s biggest reactor caps 14-year delay to begin commercial output https://t.co/mO88QFztYg via @lpepaulsson @pohjanka pic.twitter.com/HltmSdym53

— Zoe Schneeweiss (@ZSchneeweiss) April 16, 2023

French President Emmanuel Macron enacts divisive pension reform after getting nod from Constitutional Councilhttps://t.co/f8gvacrwkg

— Bloomberg UK (@BloombergUK) April 15, 2023

German finance chief says Macron call for autonomous EU is ‘naive’ https://t.co/zZXQVt8oAj via @KowalczeKamil pic.twitter.com/tjkHvVLEbv

— Zoe Schneeweiss (@ZSchneeweiss) April 15, 2023

The EU slammed moves over the weekend by Poland and Hungary to ban imports of grain from Ukraine https://t.co/wXUylNJYxu

— Bloomberg (@business) April 17, 2023

🔵 GERMANY EXAMINING CHINESE COMPONENTS IN ITS 5G NETWORK, INTERIOR MINISTER SAYS

– Full story via Reuters at https://t.co/j75OYwhAHe pic.twitter.com/UoHIhGhHk1

— PiQ (@PiQSuite) April 15, 2023

⚠ #WeekAhead: Week 16 (2023) ⚠

🇨🇳 Chinese GDP
🇺🇸 U.S. Data
🇬🇧 U.K. CPI
🇬🇧 🇪🇺 🇺🇸 #BOE, #ECB & #FED Speakers
🇪🇺 ECB Minutes
🇺🇸 Fed Beige Bookhttps://t.co/hdCpMPzCXu

— Christophe Barraud🛢🐳 (@C_Barraud) April 17, 2023

Global Regulators Consider Wider Net To Catch Smaller US Banks – FT https://t.co/7ZgbXdK1Ua

— LiveSquawk (@LiveSquawk) April 17, 2023