Mohamed El-Erian, chief economic advisor at Allianz, joins "Squawk Box" to discuss the economy, the markets and the big earnings week ahead.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian...Read More

The mortality rate is not the reason for the shutdowns. The purpose of the closedowns is to reduce the exponential rate of infection. Covid-19 is much more contagious thanContinue...Read More

The low-grade seaborne manganese ore price in China rocketed by 32.1% week on week on Friday April 24 after some buyers accepted the first offer made since South Africa went into lockdown on March 26. Fastmarkets' manganese ore index 37% Mn, cif Tianjin soared by $1.65 to $6.79 per per dry metric tonne unit (dmtu) on Friday, hitting a new high since November 23, 2018, when the index was $6.84...Read More

Proposals are floating up for four very corrosive measures: negative interest rates; directly subsidizing bonds; writing Fed checks for corporate equity or for a universal basic income up to $72,000 Continue...Read More

Here's where all 50 states stand on reopening their economies, now that the White House has released its 'guidelines' and delegated ultimate authority to the governors of each state.Continue...Read More

"As most people dying with Covid-19 are older with underlying chronic conditions, some have speculated that the impact of the condition may have been overstated, and that the actual number of years of Continue...Read More

"There will be limited supply of our products available in grocery stores until we are able to reopen our facilities that are currently closed," Tyson wrote.Continue...Read More

The price spread for Europe-origin high-carbon ferro-chrome widened to $0.15 per lb in the week ended Friday April 24 with deals reported at higher prices after the rebound in the ferro-chrome and charge chrome benchmark price for shipments in the second quarter of the year.The gap between the highest and lowest reported deal prices was almost $0.20 per lb, with signs of firmer fundamentals encour...Read More

Nexus Gold announced the agreement for its newly acquired asset. In a news release, Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) announced it entered an agreement to option its Dorset gold project in Newfoundland to Leocor Ventures for $2.75 million in cash and expenditures.Per the definitive agreement, Leocor, a Vancouver-based minerals explorer, will be able to acquire up to a 100% interest in Nex...Read More

Pretium Resources reported that it filed an updated technical report for its Brucejack Mine and stated that it will announce Q1/20 earnings on April 30, 2020. Pretium's Brucejack MineIn a news release, Vancouver-based intermediate gold producer Pretium Resources Inc. (PVG:TSX; PVG:NYSE) announced that it has submitted an updated Mineral Reserve and Mineral Resource and Life of Mine Plan for the B...Read More

The Critical Investor discusses recent developments at the company that is exploring the Goliath Gold Project in Ontario. Treasury MetalsLike most projects around the world, Treasury Metals Inc. (TML:TSX; TSRMF:OTCBB) is temporarily slowing down and shutting down drilling at its Goliath Gold project in Ontario, caused by the omnipresent COVID-19 pandemic, but as it has been completing over half o...Read More

Though sector expert Michael Ballanger's focus is on the precious metals, given current market conditions he sees potential in oil as well. Before I get started on my weekly commentary, I want to thank you all for the waterfall of responses to A Boomer's Plea posted last weekend, in what I must confess was my most impassioned missive of a multi-decade writing career. Speaking out as a member of...Read More

June-dated crude dropped to its second-lowest settlement on recordThe Dow extended its midday rally to finish the day up over 350 points, as states start planning to ease coronavirus lockdowns and investors look towards the reopening of the economy. The Nasdaq andS&P 500 also enjoyed a notable lift, both closing in the black. However, gains were capped for all three indexes as June-dated crude suf...Read More

Both NVDA and INTC sport attractively priced optionsThe20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Stocks highlighted in yellow are new to the list. Two names that stick out are Nvidia Corporation (NASDAQ:NVDA) and Intel Corporation (NASDAQ:INTC). Bel...Read More

Twitter is expected to post earnings this Thursday, April 30Twitter Inc (NYSE:TWTR) is getting a boost ahead of its first-quarter earnings report, due out before the open on Thursday, April 30, on an upgrade from Mizuho. The analyst lifted its rating on the social media giant to "neutral" from "underperform," adding that the impact of COVID-19 is already reflected in Twitter's stock price. At last...Read More

The pot producer is expected to post its first-quarter earnings report next Friday, May 8The shares of Cronos Group Inc (NASDAQ:CRON) are climbing higher today, up 6.4% at $6.60 at last check, set for their first close north of the 80-day moving average since mid-February. The marijuana producer just announced plans to release its first-quarter earnings report next Friday, May 8, and options playe...Read More

Deutsche Bank's preliminary first-quarter numbers exceeded analysts' expectations The shares of financial name Deutsche Bank AG (NYSE:DB) are surging this morning, up 10.8% at $6.59, after the company announced on Sunday its preliminary first-quarter report. The German-based bank said it expected a quarterly net income of 66 million euros, or $71.42 million, on revenue of 6.4 billion euros, or $6....Read More

The Covid-19 pandemic has resulted in a shortage of ferrous scrap in many key supply locations, provoking a 21% rise in international scrap prices in just 12 days from April 3 to April 15. But despite this, domestic prices in many areas were settled lower in April's monthly negotiations.Prices on the international market have been on a rollercoaster ride over recent weeks.The price of steel scrap,...Read More

Oil prices are continuing their volatile trendThe Dow Jones Industrial Average (DJI) is kicking off the week with triple-digit gains, last seen up over 300 points, as investors unpack New York governor Andrew Cuomo's,daily press conference on the coronavirus outbreak. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are also confidently in the black, as optimism over the reopening U.S. econ...Read More

Morgan Stanley downgraded the blue chip to "underweight" from "equal weight"Shares of Caterpillar Inc. (NYSE:CAT) are down 2.5% to trade at $111.11, after a downgrade from Morgan Stanley to "underweight" from "equal weight," and a price-target cut to $93 from $107. The analyst predicted increasing pressure from a multi-year downturn in U.S. non-residential construction, as well as historically wea...Read More