Evening Headlines
Bloomberg:
- U.S-Listed Chinese Stocks Resume Decline While Didi Jumps.
- Peru’s New President, Prime Minister Raise Risks as Debt Tumbles.
- U.S. Futures Fall on Amazon, Asia Eyes Muted Open: Markets Wrap.
- Oil Heading for Weekly Gain as Investors Bet on Resilient Demand.
- U.S. GDP Miss, Inflation Jitters, China Olive Branch: Eco Day.
- More Than 4 Billion Shots Given; New U.S. Rules: Virus Update.
- Amazon’s Pandemic Bump Fades as Vaccinated Shoppers Venture Out.
- PayPal Faces SEC Probe of Fees Paid to Bank Behind Debit Cards.
- Robinhood’s Race to Meet Meme Stock Moment Faces Harsh Reality.
- ‘I’m Not a Huge Fan’: Robinhood Users Who Passed on the IPO.
- Uber Pushes Office Return to October, Requires Vaccines.
- Crypto Surprise Rattles Industry in Rare Bipartisan Tax Plan.
- Lung Virus Fills U.S. Children’s Hospitals as Isolation Ends.
- Elon Musk’s Brain-Computer Startup Neuralink Raises $205 Million.
Wall Street Journal:
- A Not So Grand Infrastructure Deal.
- The Jan. 6 Committee Carries History’s Weight.
- Scarlett Johansson Sues Disney Over ‘Black Widow’ Streaming Release.
- Congress Passes $2.1 Billion Bill for Capitol Security, Afghan Refugees.
- ‘Industrial Policy’ Is Back: The West Dusts Off Old Idea to Counter China.
- Didi Weighs Going Private to Placate China, Investors.
- U.S. Threatens to Sue Texas Over Its Latest Challenge to Federal Immigration Authority.
Fox News:
- See how House Republicans are standing up against Pelosi's 'arbitrary' mask mandate, threat of arrests.
- NBC boss makes bold prediction about Olympics as viewers, advertisers flee.
- Restaurant owner calls out Chris Cuomo to his face for breaking COVID protocol.
CNBC.com:
- Shopping center CEO says foot traffic is back to pre-Covid levels as retail evolves.
- Cramer’s lightning round: ‘I love Lear and I love Magna’.
- Procter & Gamble names Jon Moeller as new CEO, will replace current chief David Taylor in November.
- Stocks making the biggest moves after hours: Amazon, Pinterest, Gilead & more.
Zero Hedge:
- Biden Mandates All Federal Workers Must Be Vaccinated... Except Postal Workers.
- Amazon Crashes After Missing Revenues, Guiding Far Below Consensus.
- Containers Are Being Built At A Record Pace. It's Still Not Enough.
- Biden Admin Targets New Homeowner Aid That Could Reduce Mortgage Payments By Up To 25%.
- Dr. Gottlieb Explains Why US COVID Hot Spots May Have Reached Point Where Delta Surge Reversed.
- $2.5 Trillion In Reverse Repo By Year End.
- "The Enemies Of The State": The New York Times And The Fluidity of Advocacy Journalism.
- Greenwald: "What Message Do Dreary Images Like This Send?".
- Makary To Fauci: "It's Time To Stop The Fearmongering" Amid Widespread Natural Immunity.
- Former Nikola CEO Milton Charged With Three Counts Of Fraud, Pleads Not Guilty And Posts $100 Million Bail.
- Huge Unemployment Claims Gap Opens Between Red And Blue States.
- The "Real" Real Yield Is -4.15%... And We Are Stuck With It Forever.
- Rewarding The Hesitant: Biden Calls On States To Bribe Vaccine Holdouts With $100 Incentive.
- Robinhood Suffers Worst Big IPO Debut Ever As Dollar Dumps To 1-Month Lows.
Newsmax:
TheGatewayPundit.com:
- Reward Offered: $10,000 to the First Individual Who Can Successfully Address and Defend as Legitimate the 2020 Election Anomaly Referred to as the ‘Drop and Roll’.
- “Formalize Their Departure:” More Republican House Members Call For Cheney & Kinzinger to be Purged From Party for Participating in Pelosi’s Jan 6 Witch Hunt.
- Biden the Bully Snaps at Peter Doocy For Confronting Him on His Complete Flip on Mask Mandates on Vaccinated Americans (VIDEO).
The Epoch Times:
Covid-19(Data, Maps, Graphs):
- Our World in Data: New Global Covid-19 Cases(7-day rolling average graphs). New Covid Hospital Admissions/ICU Admissions/Deaths
- FT.com: Fully Vaccinated by Country(graph). Global Lockdown Stringency Index(map).
- NYTimes.com: County Trends and Clusters.
- Brown School of Public Health: Covid Severity by State/County(map). US Hospital Capacity.
- CovidActNow: Covid Severity/Infection Rate by Metro Area.
- KFF: US Vaccinations by Race/Ethnicity.
- Carnegie Mellon: Covid-Like Symptoms in Community. Covid Symptom Searches on Google. Covid-Related Dr.Visits. Restaurant Visits. Wearing Masks. (graphs)
- Safegraph.com: Commerce Patterns(graphs).
Night Trading
Morning Preview Links
Earnings of Note
Company/Estimate
- Asian equity indices are -.75% to -.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 89.0 -.75 basis point.
- China Sovereign CDS 39.0 -1.0 basis point.
- Bloomberg Emerging Markets Currency Index 60.27 -.01%.
- Bloomberg Global Risk-On/Risk Off Index 2,655.0 -99.0 points.
- Volatility Index(VIX) futures 20.6 +4.3%.
- FTSE 100 futures -.51%.
- S&P 500 futures -.61%.
- NASDAQ 100 futures -1.14%.
Earnings of Note
Company/Estimate
Before the Open:
- (ABBV)/3.03
- (AXL)/.03
- (AON)/1.85
- (B)/.44
- (BLMN)/.68
- (BAH)/.97
- (CRI)/.79
- (CAT)/2.41
- (CBOE)/1.36
- (CERN)/.75
- (CHTR)/4.99
- (CVX)/1.60
- (CL)/.80
- (DISH)/.86
- (XOM)/.98
- (IDXX)/2.04
- (ITW)/2.09
- (JCI)/.83
- (LHX)/3.18
- (LYB)/5.62
- (NWL)/.45
- (PG)/1.08
- (VFC)/.11
- (WY)1.39
After the Close:
- None of note
Economic Releases
8:30 am EST
- Employment Cost Index for 2Q is estimated to rise +.9% versus a +.9% gain in 1Q.
- Personal Income for June is estimated to fall -.3% versus a -2.0% decline in May.
- Personal Spending for June is estimated to rise +.7% versus unch. in May.
- The PCE Core MoM for June is estimated to rise +.6% versus a +.5% gain in May.
9:45 am EST
- The MNI Chicago PMI for July is estimated to fall to 64.1 versus 66.1 in June.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Japan Housing Data report could also impact global trading today.
- 9:30 am - 4:00 pm EST
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