Busy, Busy, Busy -- So Far Today -- Early Morning Edition -- June 1, 2020

Thing are moving so quickly, I may have to start something new: top stories of the day. I already have top stories of the week, the month, and the year, but now it almost looks like I need to do top stories of the week.

Zero Hedge, scroll through the headlines at this link; ZeroHedge is permanently banned from Twitter:

• the disconnect widens: 
• Remdesivir no more helpful than aspirin for cure; at least aspirin makes you feel better;
• S&P futures storm higher, ignoring riots, Chinese halt of some US imports;
• Beijing retaliates: trade deal on verge of collapse; China halts some US farm imports;
• NYC mayor De Blasio's daughter arrested at protest;
• Tesla "drastically accelerating" Model Y delivery timeline as demand appears to collapse;
• Wuhan flu: global false alarm -- Germany;

Protests:

• historic St John's Church across from the White House damaged by fire; 
• Joe Biden stands with the protesters; apparently giving encouragement for rampage to continue;
  

Wuhan flu:

• surging in California;
• update (from yesterday);

Bakken:

• six wells coming off the confidential list today;

Saudi Arabia (without question, this is the top story of the day):

• in deep doo-doo; "cash on hand" falls almost 50% year-over-year;
• foreign exchange reserves plummet; 
• OPEC basket, link here: $28.45, down from $29.02.

Energy:

• CAPEX to fall 20% in 2020;
• natural gas: for investors, bullish?

Pension funds:

• eight US pension funds likely to run out of cash by 2025;

And from last night:

• NASCAR: Brad Keselowski "steals" another one; good for him; great race;
• bragging rights for Elon Musk; SpaceX batting 1.0000
• picture-perfect launch; in orbit;
• recovers 51st of 52 booster rockets after launch;
• eighteen hours later, capsule successfully/seamless docks with ISS;