*ITALY TO LEVY 10% WINDFALL PROFIT TAX ON ENERGY COMPANIES - BBG

*ITALIAN ENERGY COMPANIES WITH EU5M IN EXCESS PROFIT TARGETED - BBG

*ITALY TAX TO FUND PLAN TO LIMIT IMPACT OF SOARING ENERGY COSTS - BBG

Warning... price controls never end well, be careful Italy.
@Forecast432Hz

*5.9 MAG. EARTHQUAKE 148 KM N OF ISHIGAKI JAPAN :USGS

*Ukraine to receive more U.S. Javelin and Stinger missiles within days, Ukraine official says
@Forecast432Hz
https://t.co/fTyPMZKDDT

Pepe Escobar: Mr. Khinzal's presentation of his business card in Western Ukraine takes 'game-changer' to a whole new level.

NO NATO RADAR was capable of seeing him.

Are you listening now?
@Forecast432Hz

*EGYPT WHEAT STOCKPILES ADEQUATE FOR 3.4 MONTHS: SUPPLY MINISTER

*HOURHI DRONE ATTACK TARGET ARAMCO IN JAZAN: SPA

Source BBG @Forecast432Hz

*Reuters reports the US informally and briefly raised the possibility that Turkey could send its S-400 surface-to-air missile system to Ukraine. @Forecast432Hz

Robert Barnes: Name the President that imprisoned the leader of the opposition party, stacked the courts, banned opposition media, empowered secret police & armed units against his people, and whose country made top 10 lists in corruption in the world? Putin? Nope. That answer is Zelensky. @Forecast432Hz

Michael Tracey: Biden has done such an amazing job with diplomacy that the world's two most populous countries, China and India, are ignoring the US and defiantly aligning with Russia. @Forecast432Hz

Did You Know:

NATO's bombing of Libya in 2011 began with a No Fly Zone

They decimated Libya's military and Gaddafi ended up murdered in the street

The Obama Administration claimed it had no knowledge of any civilian casualties

*HOUTHI DRONE ATTACK TARGETS AL-DHAHRAN POWER STATION: SPA

*SAUDI ARABIA INTERCEPTS HOUTHI MISSILE: ARABIYA
@Forecast432Hz

*Ukraine Update: Zelenskiy Says Some Opposition Parties Suspended - BBG @Forecast432Hz

*NEW SANCTIONS: Australia has banned alumina exports to Russia, with immediate effect

Russia (=Rusal) gets ~20% of its alumina from Australia. Big news for the aluminium market.
@Forecast432Hz
https://www.pm.gov.au/media/additional-support-ukraine

Dan the Man on Instagram

*NEW 🚨 Drone attack at Aramco facility causes 'temporary reduction' in Saudi oil output: Saudi Arabia - Insider Paper
@Forecast432Hz

Dan Twitter

Hunters become the hunted.
@Forecast432Hz
https://twitter.com/danscavino/status/1505532023313768448?s=21

Hedgeye morning quick hits:

- Drone strike at Aramco temporarily limits Saudi Oil output

- China imposes Covid stay-at-home orders for millions

- French Finance Minister says urgent to end reliance on Russian gas

- Russia claims to use hypersonic missile on Ukrainian military base, kills 100s of special forces & “mercenaries”

- UK PM Boris Johnson tells China to not be on “side of evil” in Ukraine conflict

- China responds saying they are “on the right side of history”
@Forecast432Hz