Today's Headlines
Bloomberg:
Wall Street Journal:- The U.S.-China Feud Quietly Gets Nasty.
- Southeast Asia Leaders Sound Alarm on South China Sea Tensions.
- Speedier Cargoes From China Now Come at a Price.
- Reckoning Looms for Emerging Markets as Economic Clouds Darken.
- Amateur Traders Pile Into Asian Stocks, Making the Pros Nervous.
- Putin Seizes Moment to Rule Until He’s 83 Amid Fading Popularity.
- Mexico’s Nayarit Says Hospitals Full, at Odds With Federal Data.
- Global Cases Pass 10 Million; Record Gain in Tokyo: Virus Update. U.S. Stock Futures Drop at Open, Crude Oil Falls: Markets Wrap. U.S. equity futures fell at the open Monday after deaths around the world from the coronavirus topped half a million and infections continued to mount in American states. Crude oil fell. S&P 500 futures opened about 0.6% down and contracts in Japan and Australia pointed lower. In currencies, the Australian dollar saw a modest decline. Providing some comfort was data over the weekend providing more signs the Chinese economy is continuing to recover from its shutdown. Chinese markets reopen after a two-day holiday. S&P 500 futures fell 0.7% as of 7:01 a.m. in Tokyo. The gauge fell 2.4% on Friday. Futures on Japan’s Nikkei 255 dropped 0.8%. Hang Seng futures lost 0.4%. Futures on Australia’s S&P/ASX 200 Index declined 1.6%.
- Fed’s ‘Run It Hot’ Recipe Works for Markets. Jobs? Not So Much.
- Treasuries’ Best Run Since 1995 Shows Traders Girding for Worst.
- America’s Shifting Covid-19 Epidemic in Five Charts.
- Florida Virus Cases Jump as DeSantis Blames ‘Socializing’ Youths.
- U.S. Presses Europe to Uproot Chinese Security-Screening Company.
- I’m Leaving Seattle for Texas So My Employees Can Be Free.
- Florida’s School Choice Blowout.
- Bubba Wallace and the ‘Noose’ That Wasn’t.
- Six Months That Shook the World.
- American Companies Find Willing Buyers of Debt Abroad.
- Public Transit Use Is Tied to Higher Covid-19 Death Rates.
- Masks Could Help Stop Coronavirus. So Why Are They Still Controversial?
- Powell Has Become the Fed’s Dr. Feelgood.
- Texas Tried Reopening Offices Early. It Was Hard Even Before the Coronavirus Surge.
- Pandemic Led to Sharp Rise in Alzheimer’s Deaths.
Barron's:
- Had bullish commentary on (NVDA), (MMP), (BBY) and (VZ).
Fox News:
CNBC:
- ‘We have to act’ — HHS Secretary Azar warns ‘window closing’ to halt coronavirus spike.
- Wall Street is underpricing a Joe Biden win: Wells Fargo’s Chris Harvey.
- Trump fans are flocking to the social media app Parler — its CEO is begging liberals to join them.
- Here are five charts illustrating the U.S. economic recovery amid the coronavirus pandemic.
- U.S. coronavirus cases surge by more than 45,000, total over 2.5 million.
- New York investigating coronavirus cluster after Florida traveler tests positive.
- Credit card industry reins in balance-transfer offers as banks from JPMorgan to Amex fear defaults.
- Top analysts are betting on stocks like Mastercard(MA) and Nvidia(NVDA) right now into the second half.
- Chesapeake Files For Bankruptcy, Wiping Out $7 Billion In Debt And Any Existing Equity Value.
- Global Coronavirus Deaths Top 500,000; Dallas Pushes To Revive Lockdown As Cases Hit Record Highs: Live Updates.
- As COVID-19 Cases Spike Nationally, Black Lives Matter Plans More Rallies, Marches.
- 41% Of Businesses On Yelp Have Permanently Closed As V-Shaped Recovery Implodes.
- Bears Capitulate: Institutions Hammered With 3rd Biggest Short Squeeze In History.
- Toyota, Volkswagen And Daimler: Here Are The Corporate Bonds The Fed Is Buying The Most.
- Reopening Of Popular Michigan College Bar Results In 85 COVID-19 Infections.
- Comey Miniseries Gets Pre-Election Airdate, After Director Pleads For Chance To Sway Voters.
- Public Transit Use Largely Responsible For 'Racial Discrepancy' In COVID-19 Death Rates.
- All Players In The NYT 'Russian Bounties' In Afghanistan Story Have Slammed It As Fake News.
- Triple Threat - 3 Major Risks The Markets Are Not Pricing In Yet.
- Corona-Depression: Southern Europe Will Never Recover.
- "Eat The Rich!": BLM Invades Beverly Hills - Then The Cops Showed Up.
- "Stressed All The Time" - Millennials/Gen Z-ers See Job Mobility Plunge.
- Woman Assaulted At BLM Protest For Holding "Police Lives Matter" Sign.
- NYU Prof: "Hundreds, If Not Thousands" Of Universities Will Soon Be "Walking-Dead".
- Princeton Dumps Woodrow Wilson's Name Due To "Racist Thinking".
- Texas Realtors Stop Using 'Master Bedroom' Over Slavery Connotations.
- "Disturbing Parallel To HIV": COVID-19 Can Cause Depletion Of Important Immune Cells, NY Times Admits.
- Is This The Next Big Short?
- Minneapolis City Council Members Enjoy Costly Private Security Detail As Push To "Defund The Police" Continues.
- It's Not Just Red States - Philadelphia, San Francisco Fear 'Second Wave' As Thousands Infected At BLM Protests.
- From Book-Burning To Statue-Toppling: History Shows Free Speech Is The Loser In Mob Rule.
- V-Shaped Narrative Dies As Commercial Real Estate Bust Accelerates.
- Conservative Journalist Jack Posobiec Assaulted By DC Antifa.
- Illicit Raves Across Europe Are Contributing To A Revival In COVID-19 Infections.
Business Insider:
- The 3 stimulus plans Congress is debating that could put extra cash into your bank account.
- Dave Portnoy says the day-trading revolution will slow down once sports return and people go back to work, but gambling analysts aren't so sure.
- Warren Buffett has warned about the dangers of speculating for years. Day traders aren't listening.
Night Trading
- Asian indices are -1.5% to -.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 87.75 1.25 basis points.
- China Sovereign CDS 52.0 +1.75 basis points.
- Bloomberg Emerging Markets Currency Index 60.14 -.01%.
- FTSE 100 futures n/a.
- S&P 500 futures -.17%.
- NASDAQ 100 futures -.33%.
Earnings of Note
Company/Estimate
Before the Open:
Before the Open:
- None of note
After the Close:
- (MLHR)/-.20
- (MU)/.68
Economic Releases
10:00 am EST
10:00 am EST
- Pending Home Sales MoM for May is estimated to rise +18.9% versus a -21.8% decline in April.
10:30 am EST
Normal:
- The Dallas Fed Manufacturing Activity for June is estimated to rise to -24.9 versus -49.2 in May.
- None of note
- The German Inflation data report and the (JACK) Meet and Greet could also impact trading today.
Normal:
- 9:30 am - 4:00 pm EST
