Evening Headlines
Bloomberg:
- Secretive Chip Startup May Help Huawei Circumvent US Sanctions.
- North Korea Test-Fires Missile After Criticizing US Carrier Move.
- UK’s Credit Outlook Cut to Negative by Fitch on Fiscal Risk.
- Liz Truss’s Tax Measures Set to Cost Millions of UK Workers More.
- Stocks Retreat, Dollar Gains as Uncertainty Looms: Markets Wrap.
- OPEC+ Rebuked by US After Cutting Output to Keep Prices High.
- Wall Street Warns Wishful Thinking on Fed Won’t End Bear Market.
- One Big Option Trade Fueled S&P 500’s Midday Jump.
- Ford Hikes Price of Electric F-150 Pickup Again on Rising Supply Costs.
- Fed’s Daly Sets High Bar for Slowing Pace of Policy Tightening.
- BlackRock Faces More ESG Fallout as Louisiana Pulls $794 Million.
- Junk Market Is Only Open to Familiar Firms Offering High Yields.
Wall Street Journal:
- Fauci’s Parting Gift to the EcoHealth Alliance. The outfit that worked with the Wuhan virology lab gets more NIH cash despite its virus failures.
- The Climate-Change Censorship Campaign. The left is demanding that social media shut down debate even on solutions.
- Markets Break When Interest Rates Rise Fast: Here Are the Cracks.
- WTO Sees Sharp Slowdown in Global Trade.
- U.S. to Ease Venezuela Sanctions, Enabling Chevron to Pump Oil.
- Inflation, Consumer Pessimism Push U.K. Firms to Close Their Doors.
- Top European Union Official Backs Calls for Price Cap on Natural Gas.
Fox News:
- Democrat in toss-up House race backpedals after once calling to 'immediately' end gas, oil extraction.
- Pelosi-backed candidate who attacked US as 'AmeriKKKa' and called to 'deconstruct' police wins Dem primary.
- OPEC cuts are 'really bad news' for American consumers, says API president.
- Democrats blaming climate change for Hurricane Ian at odds with science, experts say.
Zero Hedge:
- NYT 'Right Wing Conspiracy Theory' Comes True In Less Than 24 Hours.
- Biden Blasts "Short-Sighted" OPEC+ Cut, Blames US Energy Firms For Surging Pump Prices.
- National Guard Gives Service Members COVID-19 Vaccine Instead Of Influenza Shot.
- US National Debt Blows Past $31 Trillion.
- "World Risks Living With Oil Shortage For A While," Warns Occidental CEO.
- LNG Shipping Rates "Shooting For The Stars" At $500,000 Per Day.
- Chinese Communist Party's National Congress To Set Leaders, Agenda For Next 5 Years.
- 2 More Launches Tonight Push North Korea Missile Tests To Record High In 2022.
- Gasoline Prices Keep Climbing, But Retail Gas Station Margins Plunge, With Many Now 'Under Water'.
- North Korea Blasts US Carrier Presence As "Threat" To Regional Stability.
- US stocks snapped the firm 2-day rally but closed well off their lows - Newsquawk Asia-Pac Market Open.
- Newsom Calls For Taxing Oil Companies During Fuel Crisis.
- Unchanged...
- Americans Just "Lost" $300 Billion In Savings Due To An Excel Spreadsheet Revision.
- We Blew It: Malinvestment & The Plundering Of Productive Assets.
- Dollar & Yields clawback recent downside while Services PMI offers glimpse of hope ahead of Friday's NFP - Newsquawk US Market Wrap.
- "Please Don't Panic Buy": France Taps Strategic Reserve After Gas Stations Run Out Of Fuel.
- Black Gold & Bond Yields Jump As Stocks Dump'n'Pump.
- 'Betrayed' Twitter Staff Resume Exorcist-Like Tantrums After Musk Deal Back On.
Newsmax:
- Rep. Cammack: Politicizing Storm Will Backfire on Biden.
- Rep. Bishop: Biden's Puerto Rico Trip Had 'Political Overtones'.
TheGatewayPundit.com:
- US Veteran Working on the Ground in Ukraine: There Is NO EVIDENCE of the Billions in US Dollars Sent to Ukraine – Not Seeing Any Relief (AUDIO).
- WATCH: Large Garbage Bag Used To Transfer Stacks of Absentee Ballots From Detroit Drop Box…Is This What SOS Benson Means When She Says MI Elections Were “Most secure in history”?
- Marxist Democrat Doubles-Down on Defunding the Police as Crime Soars in Democrat-Run Cities Across the Country (VIDEO).
- Joe Biden Caught on a Hot Mic Speaking to Fort Myers Beach Mayor: “No One F*cks with a Biden” (VIDEO).
- Chicago Man Arrested for 15th Time This Year, One Week after 14th Arrest! Arrested 41 Times Since 2014!
- Alec Baldwin Reaches Settlement with ‘Rust’ Shooting Victim’s Family as Santa Fe District Attorney Weighs Charges.
Twitter:
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 871,837 Reports(+4,210 from prior week) Through September 23rd, 2022.
SKirsch.com:
- Using the MGH numbers with our own VAERS queries, we have 247 cases per million doses from the MGH study divided by 5.97 cases per million doses from VAERS. 247/5.97 = 41. This suggests that the VAERS under-reporting factor (URF) is 41X.
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 171.0 +1.5 basis points.
- China Sovereign CDS 97.75 +2.5 basis points.
- Bloomberg Emerging Markets Currency Index 47.47 +.11%
- Bloomberg Global Risk-On/Risk Off Index 48.05 -.6%.
- Bloomberg US Financial Conditions Index -.97 unch.
- Volatility Index(VIX) futures 28.7 -1.1%
- Euro Stoxx 50 futures n/a.
- S&P 500 futures +.46%.
- NASDAQ 100 futures +.61%
Earnings of Note
Company/Estimate
Before the Open:
- (ANGO)/-.02
- (CAG)/.52
- (STZ)/2.81
- (MKC)/.73
After the Close:
- (LEVI)/.37
- (ACCD)/-.50
Economic Releases
7:30 am EST
- Challenger Job Cuts YoY for Sept.
8:30 am EST
- Initial Jobless Claims for last week are estimated to rise to 203K versus 193K the prior week.
- Continuing Claims are estimated to rise to 1350K versus 1347K prior.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Fed's Cook speaking, Fed's Waller speaking, German Factory Orders report, weekly EIA natural gas inventory report, (NUVA) investor day and the ROTH Capital Healthcare Conference could also impact global trading today.
- 9:30 am - 4:00 pm EST
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