Evening Headlines
Bloomberg:
- China’s Housing Rebound Fades Fast in Big Cities After Stimulus.
- China Property Jumps to Top Credit Risk in Bank of America Global Survey.
- Bankers’ 40% Pay Cuts Show the China Dream Fading in Its Richest Cities.
- Asia Stocks Set for Cautious Open; Oil Holds Gains: Markets Wrap.
- Here Are the Key Takeaways From Apple’s iPhone, Smartwatch Event.
- Wall Street Bosses Lash Out Over Proposals for Higher Capital.
- Explainer: Why Bigger ‘Capital Cushions’ Have Banks On Edge.
- Binance US CEO Departs as Crypto Platform Cuts Third of Staff.
- Arm Is Expected to Price IPO at Top End of Range or Higher.
- Net Zero Watchdog Targeted by GOP Revamps Its Organization.
- What Rising Rates and Surging Insurance Prices Are Doing to Real Estate.
- Here Are the Latest Inflation Buzzwords You Need to Know.
- ADHD Drug Shortages Worsen as Makers Say Production Is Maxed Out.
Zero Hedge:
- CIA Bribed Analysts To Change Lab-Leak Conclusions: 'Senior-Level' Whistleblower
- McCarthy Launches Biden Impeachment Inquiry
- Americans Are Making 'Huge Mistake' to Believe Certain 'Booming' Economy Narratives: Jamie Dimon
- Locked Items, Self-Checkouts & Disappearing Staff: Rising Theft And Slowing Sales Eat Away At Retail.
- Parents Should Not Post Children's Photos Online, Warn Safety Experts.
- 'Medicane' Breaks Dams, Floods Eastern Libya: Up to 10,000 Feared Dead.
- California Leaders' Virtue-Signaling Is Mainly Gaslighting.
- Record Rotation Out Of China Into The US: These Are The Top Conviction Trades On Wall Street Right Now.
- Renewed Forced-Labor Cloud Darkens Solar's Moment In The Las Vegas Sun.
- Tech led the declines stateside after Apple event disappointment - Newsquawk Asia-Pac Market Open.
- Visualizing The 25 Worst Stocks By Shareholder Wealth Destruction Since 1926.
- Three Deep State Admissions On Ukraine To Emerge This Week...
- RFK Jr. As Third Party Candidate Will Make It Harder For Democrats To 'Cheat': Kari Lake.
- "This Is Philadelphia": A Shocking Video Of Yet Another Democrat City Imploding.
- Blinken OKs Attacks On Russia With US Missiles.
- WTI Dips Off 10-Month Highs After API Reports Unexpected Crude Build.
- Tech leads losses after disappointing AAPL event with bonds and Dollar choppy into CPI - Newsquawk US Market Wrap.
- New Mexico Sheriff Defies Governor's Emergency Gun Ban Order.
- Bitcoin, Banks, & Black Gold Bid As Tech Stocks Tumble Ahead Of CPI.
Wall Street Journal:
- BP CEO Bernard Looney Resigns.
- Banks Amass Risky ‘Hot’ Deposits.
- Why More Baby Boomers Are Sliding Into Homelessness.
- Amateurs Pile Into 24-Hour Options: ‘It’s Just Gambling’.
- Colorado’s Back-Door Tax Hike. A ballot measure called Proposition HH disguises a revenue grab as a property-tax cut.
- The Democratic Party Rigs the Primaries. To help Joe Biden, New Hampshire is shunted aside and superdelegates return.
- Elon Musk’s Lessons From Hell: Five Commandments for Business.
- Birkenstock Files for IPO.
CNBC.com:
- Co-founder of $4 billion crypto fraud gets 20 years in prison, ‘Cryptoqueen’ partner still at large.
- Everything Apple just announced at its 2023 event: iPhone 15 models, new Apple Watch, updated AirPods.
- Salesforce CEO says Slack will play a prominent role in AI.
- Amazon says it’s boosting pay for contract delivery drivers.
- Decongestant found in popular cold, allergy medicines doesn’t actually work, FDA advisors say.
- Elizabeth Warren calls for an investigation into Musk and Starlink in Ukraine after biography claim.
MarketWatch.com:
- OpenAI’s Sam Altman tells Salesforce’s Marc Benioff that AI ‘hallucinations’ are more feature than bug.
- Investors should avoid Arm IPO, New Constructs says.
- Here’s everything you need to know about Apple’s new iPhone and Watch lineups.
- Google spent billions to build an illegal monopoly, Justice Department says as trial gets under way.
- U.S. stocks are facing a triple threat that could lead to more losses ahead.
- Here’s what DoubleLine’s Jeffrey Gundlach thinks about Bill Gross’s ‘bond king’ slap down.
Newsmax:
Fox News:
- Marxist California mayor doesn't believe police have 'any effect' on crime.
- Biden admin's secretive plan for illegal immigrants exposed in internal emails.
- Instagram Censors Teen ‘Detransitioner’ Chloe Cole for Grotesque Reason.
- BREAKING: TYRANNY TAKES HOLD IN AMERICA! Reporter Owen Shroyer Sentenced to 60 DAYS IN PRISON for Speech Crimes! – DOJ Says “Shroyer Helped Create January 6” Through his Speech!
- “I Couldn’t Take it Anymore. I Just Couldn’t Take Standing There With Them” – Rudy Giuliani Walks Out on 9-11 Ceremony After Kamala Disgraces Memory of the 2,977 Victims (VIDEO).
- WATCH: Senator John Kennedy Forces the Illinois Secretary of State to Make a Brutal Admission After Kennedy Reads Passages from Two Pornographic LGBTQ Books Available to Children.
- Reporter Confronts State Dept. Spokesman Matt Miller for Stonewalling on USAID’s Funding of Gain-of-Function Research on COVID.
- BPro/KNOWiNK’s Uncertified, Internet-Connected, Cloud-Based Election Systems Are Foreign Influenced and Used to Illegally Process Election Results.
- CNN Host Stuns New Mexico’s Democrat Governor, Reads State Constitution Live on Air to Push Back on Her Gun Grab (VIDEO).
- SAFE AND EFFECTIVE: Dr. Fauci Now Admits COVID Vaccines Cause Myocarditis (VIDEO).
- FDA Panel Rules That Popular Decongestant Found in Cold Medicines Does Not Work – Benadryl, Sudafed, and Several More Drugs Face Removal from Stores.
- REVEALED: Joe Biden Used a Fourth Alias to Communicate While He Was Vice President.
- CIA Whistleblower Exposes Agency’s Action to Manipulate COVID-19 Origin Investigation, Offers “Significant Monetary Incentive” to Discredit Wuhan Lab Theory.
- President Trump Responds to Joe Biden’s Latest Multi-Billion Dollar Payoff to Iranian Regime – Urges Congress to Call Out 25th Amendment and Remove Incompetent Joe from Office.
The Epoch Times:
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 983,973 Reports(+1,886 from prior week) Through August 25th, 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 lower, weighed down by technology and industrial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.
- Asian equity indices are -.5% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 118.75 -2.25 basis points.
- China Sovereign CDS 71.75 unch.
- China Iron Ore Spot 118.5 USD/Metric Tonne -.5%.
- Bloomberg Emerging Markets Currency Index 42.3 unch.
- Bloomberg Global Risk-On/Risk Off Index 73.5 +1.1%.
- Bloomberg US Financial Conditions Index 32.0 -1.0 basis point.
- Volatility Index(VIX) futures 15.9 -.06%.
- Euro Stoxx 50 futures -.12%.
- S&P 500 futures -.01%.
- NASDAQ 100 futures +.01%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by technology and industrial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.
No comments:
Post a Comment