Monday Watch

Today's Headlines

Bloomberg: 

• US Worries Deepen as Adversaries Team Up to Challenge Dominance.
• What’s the ‘Quad’ Alliance and Why Doesn’t China Like It?
• Economists Urge China to Ramp Up Housing Rescue to Propel Growth.
• Asian Stocks Poised to Fall as China Woes Worsen.
• Apollo to Offer Multibillion-Dollar Investment in Intel.
• Traders Need a New Stock Market Playbook for These Rate Cuts.
• Apple’s New iPhone 16 Reflects a Slowing Pace of Innovation.
• Five Key Charts to Watch in Global Commodity Markets This Week.

Zero Hedge: 

• "The Biggest Wild Card In The Presidential Election": Just Days Left Until A Crippling Port Strike Paralyzes The East Coast.
• The Start Of A "New" Cycle.
• Johnson Shrinks Again As Congress Reaches Shutdown Deal Without 'Proof Of Citizenship' SAVE Act.
• Apple A16 Chips Are Now Made In America.
• Weekend News Round Up - Newsquawk Asia-Pac Market Open.
• Tropic Trouble Brewing In Gulf Of Mexico Could "Slingshot" Towards Offshore Oil Rigs.
• Sexy September.
• Did The Biden-Harris Campaign Collude With Iran?
• "It is almost hard to believe this".
• Hollywood Horror: Abandoned 'Graffiti Mansion' Becomes Squatters' Paradise.
• Israeli Army Raids, Shuts Down Al Jazeera's West Bank News Room.
• Secret Service Agents To Be Disciplined Over July 13 Trump Shooting, Director Says.
• Over 700 Deep Staters Join Dick Cheney, Iran, And IRS Union In Endorsing Harris.
• SEC To Seek Sanctions Against Musk For Not Appearing For Testimony Over Twitter Acquisition.
• Erdogan Says Israel Is Dragging Whole Region Into All-Out War.
• MSM Journos Inadvertently Reveal Shocking Truth About Global Warming.
• The Reason For The Electoral College.
• Haifa Burning After Hezbollah Strikes Deepest Israeli Targets Since 2006.
• Caterpillar Pulls Back On DEI, Joining John Deere, Ford, and Others.
• Which Countries Are Meeting Their Paris Agreement Goals?
• Boeing's Head Of Space & Defense Ted Colbert Exits Company.
• US Elections: From The Outside Looking In...
• US Navy Directed To Prepare For War With China By 2027.
• Just Weeks Before Election, AG Garland Says (Un-Sarcastically): He 'Won't Allow DoJ To Be Used As Political Weapon'.
• Israel Unleashes Hell On South Lebanon With Giant Mystery Bomb As War Escalates.
• NYPD Faces Uncertain Future Amid New York's Growing Political Crisis.

Wall Street Journal:

• Contrary to Media Myth, U.S. Urban Crime Rates Are Up. The FBI’s flawed statistics hide the disturbing results of the defund-the-police movement since 2020.
• How Freedom Has Faded on Biden’s Watch. His successor as President will inherit a far more dangerous world. 
• Israel and Hezbollah Slide Toward Full-Scale War in Night of Intense Strikes.
• Israel’s Ultimatum to Hezbollah: Back Off or Go to War.
• Georgia Democrats Fear for Democracy Under Trump. Republicans Say Harris Threatens Prosperity.
• Borrowing Costs Aren’t All Going Down After the Rate Cut.
• The 10 Best Fall Jackets for Women, According to Style Experts.
• 17 Best Dress Shirts for Men, According to Style Experts.

CNBC:  

• Middle Eastern funds are plowing billions into the hottest AI start-ups.
• Boeing machinists on picket lines prepare for lengthy strike: ‘I can last as long as it takes’.

MarketWatch.com:  

• Investors cheer a soft landing scenario after Fed’s big rate cut. But they’re still keeping their guard up for a downturn. 
• As third-quarter earnings approach, here are the stocks that analysts like — and dislike — the most.
• Nvidia’s stock has room to run — but analysts see more upside for 6 other chip makers.
• TSMC, Samsung reportedly consider building huge chip factories in UAE.

NewsMax:

• Trump Announces Plan to End All Sanctuary Cities.
• Harris Fails to Move Swing States After Debate.

Fox News:

• Former national security chiefs backing Harris also signed infamous 2020 Hunter Biden letter.
• VP Harris' latest endorsement triggers warnings of a future where you'll be 'taxed to death'.
• TikTok creator roasts Oprah, Harris for featuring her in town hall interview.
• Rapper makes it clear he hates America at a benefit event linked to promoting terrorism.
• Chicago gangs clash with Venezuelan Tren de Aragua members.

TheGatewayPundit.com:

• WATCH: Megyn Kelly Completely Destroys Liberal Host on the Trump Witch-Hunt Trials in a Brilliant Legal Display During Summit in Los Angeles.
• Under Successful Conservative PM Meloni, Italy Cracks Down on Human Smugglers, Makes Deals With Neighboring Countries, and Cuts Illegal Immigration by 64%.
• Stanford University Pushing DEI on Engineering Students.
• BREAKING: Arab-American Democrat Mayor of Hamtramck, Michigan Endorses President Trump.
• Must Watch: Chicago Man Completely Destroys Biden-Harris Regime for City’s IIIegal Crisis: “This is Joe Biden’s Fault and Kamala Harris’s Fault” (Video).
• General Milley Ignored Trump Order to Deploy Nat. Guard at US Capitol Prior to Jan. 6 – Then After J6 Riots, He Reportedly Placed Military Under His Control While He Was Holding Secret Calls With The Chinese.
• University Of Michigan Student Allegedly Attacked For Being Jewish.
• BETRAYAL: Speaker Mike Johnson to Bring Resolution to Fund the Government WITHOUT the SAVE Act, Which Would Require Proof of Citizenship for Voter Registration.
• Secret Service Agent “Accidentally” Shoots Himself with His Own Weapon.
• Texas Governor Greg Abbott Sounds the Alarm: Kamala Would Make Biden’s Failed Border Policy ‘Look Good’ (Video).
• Deeply Unpopular Canadian PM Trudeau Heads to UN Assembly General, While Back Home a ‘Vote of No Confidence’ Against Him Will Be Held in Parliament.
• San Francisco Police Are Dressing Up in Chicken Costumes to ‘Fight’ Crime and Social Media Replies Are Savage (VIDEO).
• NO ONE ELECTED HER: Why Does Jill Biden’s Signature Appear on Joe Biden’s Official Legislation Folders?
• Side by Side Comparison of Trump vs. Harris Shows Only Trump Has a Real Plan to Lower Inflation (VIDEO).
• Tim Walz Accidentally Creates New Ad for the Trump Campaign: ‘We Can’t Afford Four More Years of This!’ (VIDEO).
• Illinois Lawmaker Introduces Legislation to Criminalize Registering Noncitizens to Vote.

The Epoch Times:

• To Deter China, NATO Must Go Global.

Around X:

• @elonmusk

• Surely Cheney, the IRS, Putin and Iran endorsing Kamala can’t all be wrong!
• Exactly. (pic)
• Because the legacy media is a propaganda machine for the “Democratic” Party.
• Insanely bad spending of your hard-earned taxes is the problem. (pic)

• @BehizyTweets
  

• This is still one of my favorite political ads that has come out this cycle. Hung Cao is running a phenomenal campaign for Virginia's U.S. Senate. If Trump wins the state, Cao will win the senate race as well. (video)
• BREAKING: Citizens of Austria and Australia are reporting a scheme involving Democrat groups called “Vote from Abroad” & "Center for US Voters Abroad" running ads in their countries telling them to register & request a ballot to vote in the U.S. Presidential election. One of my followers from Australia sent me a screenshot of an ad he saw on Facebook today.

• @cb_doge

• Elon Musk endorses Trump, and then this happens: • Secret Service probes Elon over a joke he posted. • California Governor wants to take legal action against Elon for posting a meme. • FAA propose $633,009 in civil penalties against SpaceX. • SEC intends to seek sanctions against Elon in Twitter probe.

• @amuse

• BETRAYAL: Kamala Harris announced she will NOT attend the historic Alfred E. Smith Memorial Foundation Dinner where both presidential nominees are invited to speak to raise money for children's charities. While both candidates Republican and Democrat are invited the event is run by Democrats and largely attended by Democrat elites. The Harris campaign told Cardinal Timothy Dolan earlier today that Kamala would not attend explaining that she would be campaigning in a battleground state instead. When asked where the campaign was unsure. 
• Active duty soldier serving in Germany can’t get a visa for his pregnant wife to come to America unless he reenlists for four additional years, but millions of illegals are welcomed here each year. Something is very broken in America. 
• CORRUPTION: Ever wonder how politicians get so rich? They funnel billions into NGOs where their families work and who pay them to speak and to serve on boards. The $24 billion California spent on the homeless crisis went almost exclusively to NGOs who rely on a steady stream of homeless people to justify their existence. The more people homeless the more they make. The incentives are perverse.

• @kylenabecker

• The Oprah was brought in to humanize Kamala Harris. She gave her a softball interview that might as well have been a campaign event. Kamala Harris needed a teleprompter. (video)

• @MikeBenzCyber

• Not enough to have fraud from mass mail-in ballots, not enough fraud from unsecure electronic voting machines, not enough fraud from no voter ID, not enough fraud from speedrunning illegals here, now they have up to 1.6 million mystery ballots from foreign countries flooding in.

• @stillgray

• Complete anarchy in Beverly Hills as a mob of dozens of teens raid a 7-Eleven, smashing everything and stealing the merchandise. This is what a society with zero consequences looks like. (video)
  

• @ShadowofEzra

• Kim Kardashian's lawyer hit me with a cease and desist after I posted a video where someone suggested she might be under FBI investigation for blackmail, drugging men, and possibly being involved in the infamous Diddy tapes. Their threats and intimidation are pointless—nothing can stop what's about to unfold. Let me be clear: if I suddenly go silent, I am not suicidal. (pic)
  

• @Libsoftiktok

• A Kamala staffer just went on CNN and said Kamala doesn’t own a firearm. Kamala repeatedly lied about owning a gun. Make no mistake. Kamala will come for your guns. She lied about having one so you would believe her when she lied about not taking them away. (video)

• @unhealthytruth

• What the Jeffrey Epstein is going on? Good morning America aka GMA, has on some little boy dressed a girl , or trans, doing drag. Leave the kids alone! (video)

• @FFT1776

• Missouri registered 78,421 in just ONE WEEK in February of this year. Out of that number, 23,253 were DEAD PEOPLE! Here we go, AGAIN! Get involved! Make noise & REPOST. (video)

• @joumana_gebara_
  

• WOW! What the hell is this??? Hezbollah missiles launched on Israel are returning back to Hezbollah! (video)

• @EverythingHomeT

• BREAKING: Maricopa County ADMITS 10.79% Of Tabulator Memory Cards (Official Election Results) Were NEVER Delivered To Receiving Centers On Election Night Nov 8, 2022. What Totals Were Used To Decide Winners If 48 Cards Were MISSING?

• @TONYxTWO

• Anna Paulina Luna SLAMS Kamala Harris at the the Trump Rally in NC. “320,000 children have gone missing under her watch as Border Czar ! Don’t tell me you can about women and do not tell me you care about children!” (video)

• @WallStreetApes
  

• AMERICAN VOTERS  Here is a website with an interactive map that shows all of Democrat’s illegal migrant Sanctuary Cities by Counties and State. It’s been updated to show an ADDITIONAL 170 NEW SANCTUARY CITIES. “These local jurisdictions do not cooperate or communicate with ICE if there is a detainer out on an illegal immigrant that they might pick up for another reason in these areas.”. View this video/map and watch our election being stolen right before your eyes. (video)

• @Travis_4_Trump
  

• Meet Heather and Charles Maude. They recently had their ranch home raided by federal authorities and were indicted in federal court. What did they do so egregious to cause this? Well, they had a fence post on their land with a pipe for water through it that was put in before they were born. The Maude family has owned the ranch for 5 generations, and now because of the Biden admins Agriculture team, it may be taken from them.

OpenVAERS: 

• VAERS US COVID Vaccine Adverse Event Reports. 1,014,172 Reports(+797 from prior report) Through September 6, 2024.

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

• Asian indices are -.25% to +.75% on average.
• Asia Ex-Japan Investment Grade CDS Index 70.5 -1.5 basis points.
  
• China Sovereign CDS 60.25 n/a.
• China Iron Ore Spot 90.9 USD/Metric Tonne -1.0%.
  
• Bloomberg Emerging Markets Currency Index 39.0 -.02%.
• Bloomberg Global Risk-On/Risk Off Index 54.0 +.1%.
• Volatility Index(VIX) futures 17.9 -.3%. 
• Euro Stoxx 50 futures n/a.
• S&P 500 futures +.08%.
• NASDAQ 100 futures +.15%.

Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the week.