Evening Headlines
Bloomberg:
- Radioactive Water Worries Japan’s Top Seafood Trade Partners.
- Goldman Is Calling Out China at the Worst Time.
- NATO Digs In on Putin’s Borders With New Allies and Aid for Kyiv.
- Surging Food Prices Seen Pushing Up India’s Inflation in June.
- UK’s Inflation Crisis Expected to Last Another 10 Months.
- Asian Equities Mixed as Traders Await US CPI Data: Markets Wrap.
- Oil Holds Gain on Signs Russian Crude Flows Starting to Decline.
- Microsoft Cleared to Buy Activision in US as UK Pauses Fight.
- The Hurdles That Remain for Microsoft-Activision Deal.
- Meme Stocks Are Back, Raising a ‘Red Flag’ for the Broader Market.
- What's Behind Nasdaq 100's First-Ever ‘Special Rebalance’?
- SEC Removes ‘Swing Pricing’ From Money-Market Fund Overhaul Plan.
- The Internal Memos That Show How LIV Golf Won Over PGA Tour.
- AI Is Making Politics Easier, Cheaper and More Dangerous.
- California Grid Sees Tenfold Spike in Battery Storage in 3 Years.
Zero Hedge:
- Tucker Carlson Uncensored One-On-One With Andrew Tate: "I Don't Want You To Think That I'm A Conspiracy Theorist".
- US Introduces New Immigration Pathway For People From Central America, Colombia.
- Illinois Law Forces Landlords To Rent To Illegals Or Face Civil Rights Violations.
- Supreme Court Independence Jeopardized by Leftist Fanatics.
- Taibbi: Is The FBI Helping Ukraine's Secret Service Censor Americans?
- Blinken: Ukraine Will Be "Defenseless" Without US Cluster Bombs.
- Chase it until it breaks.
- Apple Will Permanently Delete iPhone Photos In July: Here’s How To Keep Yours Safe.
- US stocks edged higher in catalyst-light trade ahead of US CPI data - Newsquawk Asia-Pac Market Open.
- Toyota Calls Biden's EPA Plan To Boost EV Sales "Unrealistic".
- Bernie Sanders' Medicare-For-All Would Destroy America's Health-Care.
- "Bad News": Disability Claims 'Accelerating Again' After Steady Climb.
- Red States, Blue Cities: Who's To Blame For America's Homicide Crisis.
- WTI 'Off The Highs' After API Reports Surprise Large Crude/Product Builds.
- Tight, thin, and choppy stocks and bonds, while Dollar dips on eve of CPI - Newsquawk US Market Wrap.
- Will AI Deliver The Worst Of Both Worlds?
- Consumer Cracks: Prices Of Online Goods Tumble At Sharpest Rate Since Early Pandemic.
- Massive Short-Squeeze Sends Small Caps Soaring; Gold Up, USD Dn Ahead Of CPI.
Wall Street Journal:
- Investor Group Takes Aim at Antibiotics, Demanding Changes From Fast-Food Companies.
- How a Houston Oilman Confounded Climate Activists and Made Billions.
- America Has Shortage of Key Lead-Poisoning Drug.
- Historic Rate Increases Leave Some on Wall Street Wanting More.
- Liberals Can’t Comprehend Black Economic Progress. It undermines the argument that society is stacked against racial and ethnic minorities.
CNBC.com:
- Bank of America fined $150 million for consumer abuses including fake accounts, bogus fees.
- Google quietly ditched plans for an AI-powered chatbot app for Gen Z
- Elite workforce, booming economy lead North Carolina to repeat as America’s Top State for Business
- Jeff Bezos’ Blue Origin rocket engine explodes during testing
MarketWatch:
TheGatewayPundit.com:
- Tucker Carlson Breaks the Internet and Interviews Andrew Tate for Over 2 Hours – Tate Tells His Romanian Arrest Story and How the US Embassy Was Not Interested in Getting Him Out (VIDEO).
- WOW! Reporter Asks Jake Sullivan Why the DOJ Charged Biden Crime Family Whistleblower Gal Luft For Violating FARA, But Spared Hunter Biden (VIDEO).
- $40 Million OPENING! Sound of Freedom BREAKS Box Offices! | Elijah Schaffer’s Top Picks (VIDEO).
- John Kerry Says People Will Have a “Better Quality of Life” with Strict Green New Deal-Style Climate Mandates (VIDEO).
- “Dragging Us Further Toward World War III”: Trump Condemns Biden Sending Cluster Bombs to Ukraine.
- Brazilian Faith Healer ‘John of God’ Is Sentenced To Additional 99 Years for Sexual Crimes – Once Promoted by Oprah, Serial Rapist Now Faces 370 Years in Prison, but Awaits Appeals Under House Arrest.
- California Assembly Blocks Legislation That Would Have Made Child Trafficking Punishable By Life in Prison.
- VICTORY: Brave Georgia Democrat Switches Parties – Previously Warned “the Democrat Party Establishment is Looking to Take Me Out” (VIDEO).
- “DOJ Is Trying to Bury Me to Protect Joe, Jim and Hunter Biden” – Whistleblower Gal Luft Launches GiveSendGo Campaign After Biden’s AG Charges Him.
- ‘Where Are These Tapes?’ – Grassley Blasts the FBI For Hiding the 17 Smoking Gun Tapes Incriminating Joe Biden in Bribery Scheme (VIDEO).
- BREAKING: Select Subcommittee on the COVID Pandemic Releases Explosive Report on COVID-19 Lab Leak Hypothesis – Reveals Coordinated Effort, Led by Dr. Fauci, to Suppress COVID-19 Lab-Leak Theory.
- National Debt Soars by $1 Trillion Just Weeks After McCarthy-Biden Debt Ceiling Deal.
- Tulsi Gabbard Calls on Congress to Ban Use of Harmful Chemical Linked to Gender Issues — Corporate Media Runs to Defend the Fascist Transgender Agenda.
The Epoch Times:
Twitter:
- @cotupacs - Just remember next time you plug your car into the coal powered grid, or utilise the energy obtained by diesel generated wind turbines to get a few miles of electric charge, that in order for these cars to exist…… (video)
- @theinformantofc - I believe we are facing the biggest human trafficking operation in history. Main stream news is downplaying the #SoundofFreedom for the same reason they won’t investigate #Epstein’s client list…
- @DAKDIS - @BrianKempGA would be required to explain his betrayal on illegal immigration in a sanctuary state with more illegals than AZ.
- @Callum_Thomas - US 30-year mortgage at a new 10yr high of 7.38%. Based on median house prices, and adjusting for CPI, the effective cost of servicing a new mortgage is now back to 1984 levels. (graph)
- @songpinganq - It's happening in China now. Once you are blacklisted by social credit system, you can no longer use China's CBDC digital wallet-Alipay or Wechat pay. Which means you can't order food, book hotel room, buy train/plane tickets...etc online. (video)
- @DrLoupis - Increasing Number Of European Nations Adopt A More Cautious Approach To Gender-Affirming Care Among Minors. In other words: They know it’s unscientific nonsense. Matt Walsh calling out a “doctor” who gives chemical castration drugs to kids.
(video) - @acemaxx - The worsening factory-gate price #deflation and the move by consumer prices towards #deflation for the 1st time since Feb. 2021 bode ill for #China 's economic growth, chart. (graph)
- @charliekirk11 - How could you find something wrong with a movie which is about saving children from sex trafficking? (video)
- @zerohedge - Average credit card interest rate hits new record high 22.2%. (graph)
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 966,895 Reports(+1,278 from prior week) Through June 16th, 2023.
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 industrial and commodity shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 114.75 -2.0 basis points.
- China Sovereign CDS 62.0 -1.75 basis points.
- China Iron Ore Spot 107.0 USD/Metric Tonne +1.1%.
- Bloomberg Emerging Markets Currency Index 43.5 +.06%.
- Bloomberg Global Risk-On/Risk Off Index 66.5 +.6%.
- Bloomberg US Financial Conditions Index .33 unch.
- Volatility Index(VIX) futures 16.6 -.04%.
- Euro Stoxx 50 futures +.32%.
- S&P 500 futures -.01%.
- NASDAQ 100 futures +.06%.
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and commodity shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.
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