Evening Headlines
Bloomberg:
- Stagflation Is the Dreaded Word No One Dared Speak at Davos.
- Australia’s Accelerating Inflation Boosts RBA Rate-Hike Bets.
- BOJ Owns More Than 100% of Some Debt as Bonds Go Round and Round.
- US and Germany Set to Send Tanks to Ukraine, Breaking Deadlock.
- Asian Stocks Stumble, Tech Damps US Equity Futures: Markets Wrap.
- Oil Steadies as Traders Look to China, OPEC for Fresh Triggers.
- DOJ’s Google Case Adds to the Mounting Scrutiny of Big Tech.
- Google Has Destroyed Its Competition: AG Garland.
- Bitcoin Eyes First Two-Day Drop of 2023 as Microsoft Dents Mood.
- ‘Scared the Hell Out of Me’: NYSE’s Wild Start Rattles Traders.
- Jeremy Grantham Warns of a 17% Plunge in the S&P 500 This Year.
- Microsoft Erases Gains After Saying Azure Growth to Decelerate.
- US Secrets Land in All the Wrong Places as Presidents Ignore Honor System.
- Bond Traders Hedge Prospect That This May Be Fed’s Last Hike.
- ‘Show Us Your Plan’: Democrats Push GOP to Deliver Debt Proposal.
Wall Street Journal:
- Walmart to Raise Wages for U.S. Hourly Workers.
- Zelensky Removes Top Officials in Bid to Contain Corruption Scandals.
- Rupert Murdoch Scraps Proposal to Merge Fox and News Corp.
- Dozens of NYSE Stocks Halted in Opening Minutes.
- FDA Proposes Limits for Lead in Baby Food.
- Biden, Schumer, Jeffries Look to Project Unity Ahead of Spending Fights.
Fox News:
CNBC.com:
- Microsoft offers lackluster guidance, says new business growth slowed in December.
- BlockFi secret financials show a $1.2 billion relationship with FTX and Alameda.
- DOJ files second antitrust suit against Google, aims to break up ad business.
- JPMorgan’s Marko Kolanovic: I’m ‘outright negative’ on stocks.
- NYSE’s Tuesday trading glitch explained.
- Stocks making the biggest moves after hours: Microsoft, Texas Instruments, Capital One & more.
MarketWatch:
- ‘The Nasdaq is our favorite short.’ This market strategist sees recession and a credit crunch slamming stocks in 2023.
- Jeremy Grantham says ‘easiest leg’ of stock-market bubble burst is over. Here’s what’s next.
- Spotify joins Google, Intel, Microsoft, Amazon, Salesforce and other major companies laying off thousands of people.
Zero Hedge:
- Ukraine Rocked By Corruption Scandal, Wave Of Top Officials Resign: Sports Cars, Mansions & Luxury Vacations As People Suffered.
- DOJ Signals To Rep. Jim Jordan It Won't Hand Over Docs Related To Pending Investigations.
- Tesla To Announce New $3.5 Billion Production Facility For Semis In Nevada.
- Biden Says He Won't Let GOP 'Wreck' Economy While McConnell Says McCarthy Needs To Craft Debt Ceiling Deal.
- Mattress Giant Serta Simmons Files For Second Bankruptcy In Two Years.
- Microsoft Reverses Gains After CFO Slashes Outlook.
- Flood-Damaged Cars From California Likely To Hit Used Market Soon.
- Controversy Swirls Over George Santos Campaign Finance Questions.
- Battle Tanks For Ukraine Approved On Same Day Doomsday Clock Hits Closest Point To Midnight In History.
- Wuhan Collaborator EcoHealth Alliance Gets Fresh $3 Million Grant From DoD.
- US stocks were rangebound amid mixed data and geopolitical concerns - Newsquawk Asia-Pac Market Open.
- Welcome To Hotel California: Lawmakers Move To Tax People Who Have Left The State.
- WTI Holds Losses After API Reports Biggest Cushing Build Since April 2020.
- Dollar & Bonds choppy on mixed data and Geopolitical tensions - Newsquawk US Market Wrap.
- Life after the brutal squeeze.
- Fox News Weatherman 'Beaten By Group Of Teens' On NYC Subway Train.
- Short-Squeeze Stalls Amid Equity Market Mayhem; Bonds & Bullion Bid.
Newsmax:
TheGatewayPundit.com:
- HERE IT IS – THE SMOKING GUN: The 20 Point Email of Classified Information from His Father that Hunter Biden Sent to Burisma Board Member in April 2014.
- Arizona’s Katie Hobbs Halts Executions of Over 100 Murderers – Here’s Who She’s Sparing.
- Las Vegas Judge Commits Suicide After Facing Ethics Probe For Demanding An Investigation Into Alleged Sex Trafficking Ring.
- Whoa! Pfizer’s Latest Ad with Martha Stewart Claims the COVID Booster Shot will Take Out the COVID Virus – A COMPLETE LIE.
- “Kick In The Face” – Soldiers Fired For Refusing COVID Vaccine Forced To Pay Back Signing Bonuses.
- Here We Go: FDA is Pushing for Annual Covid Shots for Americans.
- EU Official Threatens Elon Musk for Allowing Free Speech on Twitter.
- BREAKING: Former Vice President Mike Pence Finds Classified Documents in His Indiana Home – Discovered Last Week.
- Bill Gates Predicts Another Pandemic Which Could be Man-Made and Worse than COVID-19.
- Breaking: Joe Biden Considers Sending “Significant Number” of Abrams M1 Tanks to Ukraine – DESPITE RUSSIAN THREATS OF NUCLEAR WAR.
The Epoch Times:
Twitter:
- @libsoftiktok - “Innocent family-friendly entertainment”. (pic)
- @AlertChannel - Why doesn't India have mRNA vaccinations? Why did Pfizer and Moderna miss out on the most lucrative market? 2 reasons: India insists on vaccination damage liability and own studies before mass vaccination of its population.. (video)
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 922,020 Reports(+3,512 from prior week) Through January 6th, 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 +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 106.50 -.5 basis point.
- China Sovereign CDS 52.25 unch.
- China Iron Ore Spot 124.3 USD/Metric Tonne -1.1%.
- Bloomberg Emerging Markets Currency Index 48.7 +.03%.
- Bloomberg Global Risk-On/Risk Off Index 56.4 +.09%.
- Bloomberg US Financial Conditions Index .27 +1.0 basis point.
- Volatility Index(VIX) futures 20.2 +1.3%.
- Euro Stoxx 50 futures -.29%.
- S&P 500 futures -.45%.
- NASDAQ 100 futures -.79%.
Earnings of Note
Company/Estimate
Before the Open:
- (ABT)/.93
- (ASML)/4.33
- (T)/.58
- (ADP)/1.94
- (BA)/.20
- (FCX)/.44
- (GD)/3.54
- (GPI)/10.73
- (HTLD)/.30
- (HES)/1.63
- (KMB)/1.51
- (NDAQ)/.65
- (MNRO)/.43
- (NEE)/.50
- (NSC)/3.44
- (PGR)/1.45
- (TDY)/4.54
- (TXT)/1.07
- (USB)/1.14
After the Close:
- (BOOT)/1.75
- (CCI)/1.94
- (CSX)/.47
- (ETD)/.89
- (FLEX)/.60
- (IBM)/3.61
- (LRCX)/10.00
- (LVS)/-.10
- (LEVI)/.30
- (RJF)/2.28
- (STX)/.09
- (NOW)/2.02
- (STLD)/3.64
- (TER)/.75
- (TSLA)/1.12
- (URI)/10.29
Economic Releases
10:30 am EST
- Bloomberg consensus estimates call for a weekly crude oil inventory gain of +704,000 barrels versus a +8,408,000 barrel gain the prior week. Gasoline supplies are estimated to rise by +1,304,430 barrels versus a +3,483,000 barrel gain prior. Distillate inventories are estimated to fall by -1,232,140 barrels versus a -1,939,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to rise +1.64% versus a +1.2% gain prior.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Australia CPI report, 5Y T-Note auction, weekly MBA Mortgage Applications report, (KMI) investor day, (PLUG) business update and the TD Securities Mining Conference could also impact global trading today.
- 9:30 am - 4:00 pm EST
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