Evening Headlines
Bloomberg:
- What Investors Are Saying About China's Crackdown.
- An Obscure Chinese Mining Law Is Hobbling Global Energy Security.
- China’s Boozy Work Culture Fuels #MeToo Outcry at Alibaba, Didi.
- Asian Stocks Open Steady; Treasury Yields Slip: Markets Wrap.
- Dollar at Highest Since November as Rally Extends to Four Days.
- Five Things You Need to Know to Start your Day.
- ‘Most Americans Today Believe the Stock Market Is Rigged, and They’re Right’.
- Biden Rushes to Rescue Agenda as Democrats Splinter on Cost.
- U.S. Covid Recovery Spreads as Prospects Improve in 47 States.
- U.S. Rents Are Increasing at ‘Shocking’ Rates of More Than 10%.
- Bond Traders Are Skeptical of Bostic’s Steeper Yield-Curve Call.
Wall Street Journal:
Fox News:
- Manchin refuses to fall in line with Biden's spending splurge, rails against party's push for 'fiscal insanity'.
- Biden team ripped as 'economically illiterate' for claim Build Back Better 'costs zero dollars'.
- Dems set to ram through nominee with controversial view on population control.
CNBC.com:
- Evolent Health stock jumps after report of possible Walgreens takeover.
- Fed Chair Powell calls inflation ‘frustrating’ and sees it running into next year.
- We asked 3 major investors what happens next in the market — none of them see big returns.
- Warby Parker opens at $54.05 per share in public debut on NYSE, soaring 30% above reference price.
- House will vote on a debt ceiling suspension that is doomed in the Senate.
MarketWatch.com:
- Opinion: Congress is about to put a brake on this popular retirement-account tax maneuver
- Plastics tax pushed by Democrats as party debates $3.5 trillion budget bill
- Sending mail is about to get slower and pricier just in time for the holidays.
- More than a quarter of Nasdaq-100 stocks are in bear markets — Wall Street sees a buying opportunity.
Zero Hedge:
- Manchin Slams Dem Spending Plan As "Definition Of Fiscal Insanity", Will Not "Reengineer Social Fabric" With 'Vengeful' Taxation.
- Fox Guarding The Henhouse? Yes, Indeed!
- A Dose Of Reality About Crime In America.
- Kemp: China's Electricity Crisis Caused By Coal Shortage.
- Dems Propose Subsidized 20-Year Mortgages For First-Generation Homebuyers.
- Republicans Warn DHS Is Planning To Fire Unvaxx'd Border Patrol Agents.
- Michigan Couple Dies Of COVID Within Minutes Of Each Other Despite Being Fully Vaccinated.
- An NBA Star & New York's Governor Show That Liberal COVID Discourse Is Devoid Of Science.
- Washington Worries Spark Dollar Buying-Panic; Bitcoin & Bullion Dive.
- Will ESG Create The Next Lehman Moment...???
- Biden Breaks The Buck: Dollar Tree Forced To Hike Prices Amid Soaring Inflation.
- Kamala Harris Under Fire For Nodding In Affirmation As Student Accuses Israel Of "Ethnic Genocide".
- Biden's Vax Mandate To Be Enforced By Fining Companies $70,000 To $700,000?
- "It's A F**king Kid": Johnson & Johnson Official Says Children Shouldn't Get Vax Due To 'Unknown Repercussions'.
- Natgas Drops 7% On Warmer Forecasts, Largest One-Day Decline Since January.
- Senate Will Vote To Avert Shutdown; Pelosi Reschedules Infrastructure Vote After Progressives Refuse To Budge.
- Biden Agrees With Obama That "Open Borders Are Unsustainable": Psaki.
NBC News:
New York Times:
- Covid on the Border: Migrants Aren’t Tested on Arrival in U.S. The
Border Patrol says it has insufficient time and space to conduct
coronavirus testing at crowded processing stations. Officials in border
cities fear further spread of the virus.
ContagionLive:
- Immunity, Spike Immunoglobin G Antibodies, and Healthcare Workers. Fortunately, this study sheds some positive light on how durable spike antibodies are following a natural infection with SARS-CoV-2. Ten months as a time for protection against reinfection is a helpful data point to work with regarding public health guidance and recommendations. The authors noted that we should consider prioritizing vaccines for those without measurable antibodies...
Newsmax:
TheGatewayPundit.com:
- Unvaccinated Students Ordered to Wear Armbands So They Can Be Identified.
- Former Notre Dame Professor Who Said, “Damn the Unvaccinated” Dies Two Weeks After Receiving 3rd Covid Shot.
- New South Wales Premier Says Unvaccinated Sydney Residents Face Total Social Isolation *Indefinitely* When Covid Lockdown Ends (VIDEO).
- Ron DeSantis on Australia: “That’s Not a Free Country… Is Australia Freer than Communist China Right Now? I Don’t Know” (VIDEO).
- Breaking: Google-YouTube to Ban ANY CLAIMS that “Vaccines are Ineffective or Dangerous” despite the Death Numbers – Suspends Robert F. Kennedy’s Account.
- Pelosi on Biden’s $3.5 Trillion Tax-and-Spend Spree: “It’s Not About a Dollar Amount… the Dollar Amount, as the President Said, is Zero” (VIDEO).
- Outrageous! Biden State Dept. Refuses Entry of Private Rescue Flight of 28 Americans and 83 Green Card Members from Afghanistan.
- EXCLUSIVE: Was a Chinese Army Sergeant a Casualty of a COVID-19 Test Release?
- Investigation Finds WHO Employees Raped or Sexually Abused Dozens of Women During Congo Ebola Crisis; Higher-ups “Were Aware” of the Rampant Abuse “But Did Not Act”.
Covid-19(Data, Maps, Graphs):
- Our World in Data: New Global Covid-19 Cases(7-day rolling average graphs). New US Covid Hospital Admissions/ICU Admissions/Deaths
- FT.com: Fully Vaccinated by Country(graph). Global Lockdown Stringency Index(map).
- Bloomberg.com: International Travel Restrictions. Case Graphs by State.
- NYTimes.com: County Trends and Clusters. Local ICU Occupancy.
- Brown School of Public Health: Covid Severity by State/County(map). US Hospital Capacity(region).
- 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 -.25% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 86.5 -.75 basis point.
- China Sovereign CDS 46.5 -.75 basis point.
- Bloomberg Emerging Markets Currency Index 58.63 +.01%
- Bloomberg Global Risk-On/Risk Off Index 2,830.0 -67.0 points.
- Volatility Index(VIX) futures 22.5 -2.4%.
- FTSE 100 futures +.06%.
- S&P 500 futures +.38%
- NASDAQ 100 futures +.49%.
Earnings of Note
Company/Estimate
Before the Open:
- (ANGO)/-.05
- (BBBY)/.52
- (KMX)/1.87
- (MKC)/.72
- (PAYX)/.80
After the Close:
- (JEF)/.99
Economic Releases
8:30 am EST
- Initial Jobless Claims for last week are estimated to fall to 330K versus 351K the prior week.
- Continuing Claims are estimated to fall to 2800K versus 2845K prior.
9:45 am EST
- The MNI Chicago PMI for Sept. is estimated to fall to 65.0 versus 66.8 in Aug.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Fed's Powell/Treasury Secretary Yellen's testimony to the House, US government funding deadline, China Services PMI report, weekly Langer Consumer Comfort Index and the weekly EIA natural gas inventory report could also impact global trading today.
- 9:30 am - 4:00 pm EST
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