Evening Headlines
Bloomberg:
- Pentagon Says China Refused to Take Call Over Balloon Uproar.
- Hong Kong Targets Prized Aramco Listing With Xi’s Backing.
- China’s Oil Market Makes Comeback on Covid Zero Exit and Exports.
- North Korea Readies Military Parade as Kim Boosts Nuclear Arms.
- Volkswagen Misses Full-Year Cash Target After Supply Chain Woes.
- Arm’s CEO Says New Markets and Improved Chips Are Key to Sustained Growth.
- Credit Suisse Dials Back Asia Risk Controls After Bankers Revolt.
- Credit Suisse Tells Some Bankers Bonuses Will Be in Installments.
- Asia Stocks Rise as US Shares Climb, Dollar Falls: Markets Wrap.
- Meta to Ask Managers to Become Individual Contributors or Leave.
- Quant Funds Shed Billions as Wall Street’s Hottest Trends Falter.
- Opinion: Big Tech Is Moving Fast and Breaking Your Job.
- Microsoft’s New AI Search Adept at Restaurant Recommendations, Backs Away From Politics.
- Powell Says Further Rate Hikes Needed and Bonds Take Heed.
Wall Street Journal:
- Powell Braces for Longer Inflation Fight as Hiring Remains Strong.
- The State of the Union Contradiction. If Biden is such a success, why aren’t Americans pleased?
- Death Toll From Quakes in Turkey, Syria Passes 7,500.
- U.S. Trade Deficit Hit Record in 2022.
- Bed Bath & Beyond Slides 49% After Financing Deal.
- U.S. Businesses Pay a Premium to Hire Migrant Workers in Extremely Tight Labor Market.
- Home-Buying Companies Stuck With Hundreds of Houses as Demand Slows.
- U.S. Agencies Seek Tougher Rules, Internal Probes on Stock Trading by Federal Officials.
- Boeing to Cut 2,000 Finance and HR Jobs.
Fox News:
CNBC.com:
- Nadella calls A.I.-powered search biggest thing for company since cloud.
- Fed Chair Powell says inflation is starting to ease, but interest rates still likely to rise.
- Chipotle Mexican Grill misses expectations for earnings, revenue and same-store sales.
- Zoom to lay off 1,300 employees, or about 15% of its workforce.
- Stocks making the biggest moves after hours: Chipotle, Enphase Energy, Fortinet and more.
MarketWatch:
- The bond market is flashing a warning that U.S. stocks could be headed lower.
- EBay to lay off 500 employees, about 4% of its workforce.
- Chipotle stock falls after ‘tightening’ consumer spending leads to second earnings miss in five years.
- Bed Bath & Beyond making ‘last gasp’ to survive before filing for bankruptcy, says analyst, warning that the equity will eventually be wiped out.
Zero Hedge:
- US Consumers Hit A Brick Wall: December Credit Growth Craters As Interest Rates Soar.
- Metaverse: The Land Of Opportunity?
- Denialism: A Woke Way To Stifle Dissent.
- Miami Black Leaders Apologize To Gov. DeSantis After Member Called Him Racist.
- Disney Bows To Beijing, Removes 'Forced Labor Camps' Episode From Hong Kong.
- Powell Post-Mortem: "Volcker Has Left The Building" And "We're Not In Wyoming Anymore".
- Union Membership Reaches New Low, Big Labor To Blame.
- Doctor Warns Against 'Gas Station Heroin' That Mimics Opioid Effects.
- Transurrection? Protestors Storm State Legislators Over Ban On Child 'Gender Transition' Surgery.
- US stocks ultimately finished higher after whipsawing on Powell's remarks - Newsquawk Asia-Pac Market Open.
- California Governor Urges Federal Inquiry Into Surging Natural Gas Prices.
- China Refused US Request For Phone Call After Spy Balloon Shot Down.
- WTI Extends Gains After Surprise Crude Draw, Despite Huge Gasoline Build.
- Food Shortages Are Starting To Become Quite Serious All Over The Planet.
- Used-Car Prices See Largest Monthly Increase Since Late 2021.
- Jay's Jawboning Jolts Bonds, Triggers 'Golden Crosses' In Stocks & Bitcoin.
- Markets dance to the sound of Powell - Newsquawk US Market Wrap.
Newsmax:
TheGatewayPundit.com:
- “We Don’t Expect a Single Honest Word. We Hope We’re Surprised But We Don’t Expect To Be” – Tucker on Biden’s Upcoming SOTU (VIDEO).
- Here We Go: IRS Proposes New Program to Crack Down on Waiters’ Tips and other Service Industries.
- GOP Rep. Marjorie Taylor Greene Plans to Bring White Balloon to SOTU Address to Troll Joe Biden (VIDEO).
- Biden’s Polls Are So Bad, Even CNN Is Talking About Them: “41% Of Americans Say They’re Worse Off”.
- New Zealand’s Largest Egg Producer Goes Up in Flames Killing 50,000 Hens Amid Nationwide Shortage (VIDEO).
- FLASHBACK: President Trump Created Highly Successful Program Meant To Protect America From Chinese Espionage And Biden Shut It Down.
The Epoch Times:
Twitter:
- @Project_Veritas - BREAKING: Leaked document shows @pfizer admitting Dr. Jordon Walker works at the company and warns staff to beware of Project Veritas.The Project Veritas undercover video of a Pfizer Director of Research has been viewed 30,000,000 times. (video)
- @News_All_Time - A video at the Turkish border published by the Humanitarian Aid Fund. (video)
- @Mayhem4Markets - Large bankruptcies are surging at the fastest rate since 2010. (graph) Housing availability is at *worse* levels than before the Great Financial Crisis. An entire generation of people are being priced out of the American Dream. (graph) Global input and output prices rose in January. Not what we want to see if we're hoping that inflationary pressure will be durably subdued. (graph)
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 931,816 Reports(+2,590 from prior week) Through January 27th, 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.
Night Trading
Morning Preview Links
BOTTOM LINE: Asian indices are mostly higher, boosted by energy and technology shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 50% net long heading into the day.
- Asian equity indices are -.25% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 104.0 unch.
- China Sovereign CDS 56.0 -.5 basis point.
- China Iron Ore Spot 120.0 USD/Metric Tonne -.8%.
- Bloomberg Emerging Markets Currency Index 48.13 -.02%.
- Bloomberg Global Risk-On/Risk Off Index 60.8 -.05%.
- Bloomberg US Financial Conditions Index .40 -4.0 basis points.
- Volatility Index(VIX) futures 20.5 +.6%.
- Euro Stoxx 50 futures +.93%.
- S&P 500 futures -.11%.
- NASDAQ 100 futures -.09%.
BOTTOM LINE: Asian indices are mostly higher, boosted by energy and technology shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 50% net long heading into the day.
No comments:
Post a Comment