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A judge has approved the long-sought merger of T-Mobile US Inc. and Sprint Corporation Here’s what to know about the deal marrying the third- and fourth-largest cell carriers in the United States.
The Deal
T-Mobile, the larger carrier, paid Sprint shareholders $26.5 billion in an all-stock deal for the smaller company. The deal was approved by federal officials last year, but a group of state attorneys general sued to block it on antitrust grounds. On Tuesday, a judge ruled the merger can proceed….CLICK for complete article

Just last year, on a day in July, impoverished El Salvador celebrated its eighth murder-free day in two decades. It’s not much cause for celebration unless you have one of the highest murder rates in the world–but you take victories where you can get them. The 24-hour ceasefire was short-lived in more ways than one. This past weekend, upon the order of El Salvadorian President Nayib Bukele, armed police and soldiers briefly stormed the nation’s parliament, demanding increased means for fighting gang violence.
Previously, President Bukele had demanded that opposition lawmakers vote to approve a $109 million loan procurement for his Territorial Control Plan designed to fight gang violence and restore a semblance of security to the country.
The opposition right-wing ARENA and leftist FMLN parties say they want more details on the spending plan before a vote. After legislators refused to gather to vote on the loan, which would provide better equipment to police and armed forces, Bukele called on supporters to converge on parliament.
They showed up with guns, offering a show of violence to express exactly how deep the need is to better fight violence…CLICK for complete article

How far can interest rates fall?
Currently, many sovereign rates sit in negative territory, and there is an unprecedented $10 trillion in negative-yielding debt. This new interest rate climate has many observers wondering where the bottom truly lies.
Today’s graphic from Paul Schmelzing, visiting scholar at the Bank of England (BOE), shows how global real interest rates have experienced an average annual decline of…Click for full article.

TSLA shares are down a stunning 21% intraday, the biggest daily drop in the company’s history.
The parabolic melt-up seen in Tesla’s shares in the last several weeks is starting to unwind. The catalyst today could be due to production delays at Tesla Giga Shanghai because of the coronavirus.
However, we must note, investors have been well aware of possible production woes in Shanghai for the last week….CLICK for complete article

A bear stampede has taken hold of oil markets as the coronavirus plague continues to spread FUD (fear, uncertainty and doubt) amongst the investing universe. Oil futures slid for a 10th straight session Monday as casualties hit 426 and the number of infections surpassed 20,000.
And now big money managers have joined the stampede as new data reveals the virus is creating severe demand shocks that could further depress prices. Reuters has reported that fund managers and hedge funds were heavy sellers of crude oil and various refined products last week as the worsening outbreak heightened fears of a demand meltdown in China, the world’s leading importer of crude.
