Evening Headlines
Bloomberg:
- Nazi Veteran Lauded at Zelenskiy's Speech Embarrasses Trudeau.
- China Property Recovery Up to a Year Away, Ex-PBOC Adviser Says.
- EU Should Stick to Fossil Fuels for Making Hydrogen, NGO Says.
- Oil Steady Near $90 as Tightness Offset by Macroeconomic Concern.
- Bezos’ Blue Origin Methane Emissions Were Spotted by the Space Station.
- Only Richest 20% of Americans Still Have Excess Pandemic Savings.
- Hedge Funds Cut Stock Leverage at Fastest Pace Since 2020 Crash.
- Apple’s $59 Fake-Suede iPhone Case Is Its Biggest Dud of 2023.
- Goldman CEO Dismisses Calls to End Ties to Fossil-Fuel Firms.
- A Key American Plant Making Antibiotics for Kids Risks Shutting Down.
- JPMorgan’s Kolanovic Warns on Pricing Power, Lifts Energy Stocks.
Zero Hedge:
- Busted! Adam Schiff Funneled Millions To Defense Contractors After Taking Donations.
- 'Just Allegations': Menendez Refuses To Resign Amid Bribery Scandal, Claims Seized $480K Was For 'Emergencies'.
- Oregon Sheriffs Association Says FBI Position Makes It Impossible To Legally Buy Guns.
- White House Pledges $100 Million Support Kenyan UN Soldiers In Haiti.
- Toyota Planning To Triple EV Output To 600,000 Vehicles By 2025.
- Justin Trudeau's Nazi Hot Take Flexibility: Taibbi.
- US To Keep Paying Salaries For Tens Of Thousands Of Ukrainians During Government Shutdown.
- Brace For The Inflationary Storm: Morgan Stanley Warns El Niño Will Unleash Another "Price Shock".
- Growing Numbers Of American Volunteers Wounded In Ukraine Treated At US Army Hospital In Germany.
- The SEC Is Spying On All Your Trades, Linking Them To Your SSN And Sharing The Data With 3,000 Agencies.
- Jefferies Downgrades Nike, Footlocker, Urban Outfitters As Student Debt Payment Restart Set To Spark Spending Pullback.
- Chicago' Problem Is Crime, The Mayor's Solution Is City-Run Grocery Stores.
- US stocks notched mild gains with trade choppy amid massive Treasury bear-steepening - Newsquawk Asia-Pac Market Open.
- Victor Davis Hanson: Is The Left Happy That They Got Their Wish?
- As Bankruptcies Soar, Debt Market Titans Warn "Default Cycle Has Started".
- "Events Are Moving Quickly Now" - Kunstler Warns Of Imminent "Banquet Of Consequences" For Biden Admin.
- Yields hit highs not seen since '07, supporting the Dollar - Newsquawk US Market Wrap.
- Bonds & Bullion Dumped, Dollar Jumps As Shutdown & Student-Loan Cliff Loom.
- The New Moral Order Is Already Crumbling. Globalism, climate-change alarmism and cultural self-annihilation have all come under serious challenge.
- The Relentless Rise in Yields.
- Why America Has a Long-Term Labor Crisis, in Six Charts.
- Writers’ Tentative Labor Deal Shifts Focus to Actors.
- Your Online Account May Have Been Breached? Don’t Just Sit There. Do Something.
- Taxpayers Stuck Paying the Bills for Oligarchs’ Seized Yachts, Mansions.
- Even a Booming Economy Can’t Save This City’s Office Market.
- How Auto CEOs’ Pay Stacks Up Against Their Median Worker.
- Amazon to Invest Up to $4 Billion in Anthropic as AI Arms Race Escalates.
CNBC.com:
- MicroStrategy buys $147.3 million in bitcoin, bringing total held to $4.68 billion: CNBC Crypto World.
- ‘Cash-flow’ podcaster made off with millions in Ponzi scheme, SEC alleges.
- Jeff Bezos’ Blue Origin to replace CEO Bob Smith with outgoing Amazon exec Dave Limp.
- ChatGPT can now ‘speak,’ listen and process images, OpenAI says.
- Merck Covid drug linked to virus mutations that can spread between people, new study says.
MarketWatch.com:
- Oil could hit $150, sending ‘shock through system,’ says top shale CEO.
- These are the most overvalued housing markets in the world, according to UBS.
- Why a surging U.S. dollar is about to become a problem for stock-market bulls.
- These 20 growth stocks are worth considering on a pullback, says Citi.
- The S&P 500 is still overvalued — even with the correction. Here’s why.
Fox News:
TheGatewayPundit.com:- JUST IN: American Express Cuts Mike Lindell’s MyPillow’s Credit Line by 90% After 15-Year Partnership (VIDEO).
- RINO Fave for Mich. Senate Mike Rogers Admits he Didn’t Vote or Live in Mich., Drew Blank when asked about Major Abortion Referendum.
- Missing Whistleblower Dr. Gal Luft Accuses Bidens of Using FBI Mole Named “One-Eye” to Leak Sealed SDNY Indictments to CEFC China Energy Partners, On the Same Day Hunter Biden Demanded Millions in WhatsApp Message, Citing Joe Biden’s Presence
- Sarah Palin Says Michelle Obama Will Be the Democrat Presidential Nominee
- Fox News Immediately Cuts Away From Trump the Moment He Mentions His Blockbuster Interview with Tucker Carlson (VIDEO).
- How To Join The “Secret Boycott” Patriots Are Using To Crush Woke Corporations.
- Popular Pro-Trump Influencer Catturd Swatted During His Podcast.
- Slovakia Goes to the Polls and May Distance Itself From Ukraine – Bratislava Has Banned Grain From Kiev – Ex-PM Robert Fico Poised to Win and Turn Country Away From War.
- Michelle Obama to Rake in More Than $700,000 for One-Hour Lecture on “Diversity and Inclusion” in Munich.
- Gavin Newsom’s California: Over 200 Oakland Businesses to Strike on Tuesday Over Crime as City Reports Over 10,000 Stolen Cars So Far This Year.
- Smartmatic Implicated as “Uncharged Co-Conspirators” in Philippines Bribery and Money Laundering Scheme.
- Trump Says MSNBC and NBC News Will Be Investigated for ‘Country-Threatening Treason’ if He is Re-Elected.
- The Mad Dash to Net Zero Continues to Cause Chaos Across Europe.
- WATCH: AOC Doesn’t Rule Out Helping Gaetz Remove Kevin McCarthy, Says She Will ‘Cross That Bridge When We Get To It’.
- Newsom Signs Law Requiring Gender-Neutral Bathrooms in California K-12 Schools.
- Trudeau Faces Hard Pushback After Honoring SS Fighter on Parliament – Mistake by Globalist Poster Boy Exposes Ukrainian Nazism to the World – PM Deflects the Blame, Points to Speaker of the House.
- U.S. Offshore Wind Plans Are Utterly Collapsing.
The Epoch Times:
Twitter:
- @jsolomonReports - Education Secretary says he doesn't 'respect' parents thinking 'they know what's right for kids'.
- @disclosetv - JUST IN - U.S. recorded 11,000 illegal immigrant encounters over the past 24 hours: "The single highest day in recent memory".
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 985,418 Reports(+1,625 from prior week) Through September 8th, 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 modestly lower, weighed down by technology and consumer shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 25% net long heading into the day.
- Asian equity indices are -1.25% to -.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 126.0 +.75 basis point.
- China Sovereign CDS 79.75 -.25 basis point.
- China Iron Ore Spot 115.2 USD/Metric Tonne -.8%.
- Bloomberg Emerging Markets Currency Index 41.9 -.04%.
- Bloomberg Global Risk-On/Risk Off Index 72.3 +2.2%.
- Bloomberg US Financial Conditions Index 18.0 -5.0 basis points.
- Volatility Index(VIX) futures 17.6 +.7%.
- Euro Stoxx 50 futures -.07%.
- S&P 500 futures -.33%.
- NASDAQ 100 futures -.44%.
BOTTOM LINE: Asian indices are modestly lower, weighed down by technology and consumer shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 25% net long heading into the day.
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