Bloomberg:
- Xi Jinping Hasn’t Set Foot Outside China for 600 Days.
- It’s a Lehman Moment, Not Volcker, That China Should Fear.
- France Shuns Austerity With Plan to Cut Debt Burden With Growth.
- Brazil Assets Jump as Bolsonaro Signals Truce With Top Court.
- Asian Stocks Set for Steady Open on Growth Caution: Markets Wrap.
- Yellen Warns of Financial System Risk If Debt Ceiling Not Raised.
- Goldman, Citi See Aluminum Rally Raging On as Bears Flag Caution.
- U.S. Oil Output Drops by Most on Record After Hurricane Ida.
- Palladium Plunges to 12-Month Low on Automaker-Demand Concerns.
- Home Nurses Caring for Fragile Children Must Now Be Vaccinated.
- Apple’s Watch Software Chief Takes Over Self-Driving Car Project.
- These Are the U.S. Companies Requiring Covid Vaccines for Employees.
- Natural Gas Excluded in Democrats’ Budget Plan for Clean Energy.
- Tougher SPAC Disclosure Rules Endorsed by SEC Advisory Group.
Wall Street Journal:
- Star of the Munich Auto Show? The Push for Electrification.
- Transforming America in 17 Days.
- Biden’s Mandates Explained.
- ‘Moneyball’ Analytics Help Fight Wildfires. This Year’s Blazes Are Testing Their Limits.
- Taliban Allow Americans, Others to Fly Out of Kabul.
- Democrats Advance Proposal to Require Retirement Plans.
- Airlines Warn of Dimming Outlook Amid Delta Variant.
- Amazon to Pay for Bachelor’s Degrees for U.S. Workers.
Fox News:
- Lawmakers explode in fury as president declares war on unvaccinated, maskless.
- Top retailers to play role in Biden's sweeping COVID plan.
- Biden ordering millions of Americans be vaccinated, but one group is off the hook.
CNBC.com:
- Los Angeles to require vaccine for all students 12 and up.
- TSA to double minimum fines for air travelers who refuse to wear masks.
- New York law phases out most gas-powered vehicles by 2035.
- Natural gas prices are rising and could be the most expensive in 13 years this winter.
- Bitcoin could collapse and isn’t ‘a good safeguard of value,’ global central bankers warn.
- Here’s why Coinbase is in hot water over crypto lending — and how the SEC is sending a shot across the bow for DeFi.
- As Democrats push $3.5 trillion package, Republican lawmaker blasts ‘spending that drives up prices, kills jobs’.
- Affirm stock surges 20% after earnings beat and positive outlook.
Zero Hedge:
- Biden Unveils Most Severe COVID Actions Yet: Mandates Vax For All Federal Workers, Contractors, & Large Private Companies.
- Owner Of The Country's Most Expensive Mega-Mansion Has Defaulted On $165 Million In Debt.
- Beijing Blinks: Will Allow Evergrande To Renegotiate Debt Terms.
- Merit System Is Unjust Because It Rewards Productive Individuals, Professors Argue.
- Walmart Is Ending Quarterly Bonuses For Store Workers After Decades.
- Following Mass Outrage, Fed Presidents Kaplan, Rosengren Will Sell All Their Stocks Due To "Ethics Concerns".
- Major US Cities Are Becoming Fentanyl-Infested Cesspools As Millions Plunge Into Hopelessness, Despair.
- Recall Election Could Reverse The California Ideology.
- "It Has Arrived": Uranium ETF Sees Record Inflows Amid Retail Buying Frenzy; Japan Hints At Restart Of Nuclear Power Plants.
- New Evidence Surfaces That The Biden Admin Committed To A Knowingly Unconstitutional Act.
- How Will The Debt Limit Drama Play Out: Here Are The Two Scenarios.
- As NFL Season Kicks Off, Fearmongering Fauci Frets Over Unvaxx'd Attending Games.
- Bonds, Bitcoin, & Bullion Bid; Big-Tech & Black Gold Skid.
Reuters:
- U.S.-bound migrants fill Colombia town as COVID-19 border closures lifted. (Aug. 11)
- Colombia has administered at least 35,750,492 doses of COVID vaccines so far. (graph) Assuming every person needs 2 doses, that’s enough to have vaccinated about 35.5% of the country’s population.
- COVID-19 infections are decreasing in Colombia, with 1,959 new infections reported on average each day. That’s 6% of the peak — the highest daily average reported on June 27.
Nature:
- Why US coronavirus tracking can’t keep up with concerning variants. (April 7) Laboratories supported by the US government have doubled the rate at which they are sequencing SARS-CoV-2 genomes over the past two months. Still, the number of genomes that the country shared in the online genome repository GISAID in March represented only 1.6% of its positive COVID-19 cases that month.
Newsmax:
- Vaccine Mandates Could Exacerbate Nursing Shortage, Experts Fear.
- Congress Republicans Quick to Assail Biden's Vaccination Mandates.
- Rep. Donalds to Newsmax: Biden Vaccine Mandate 'Gross,' 'Totalitarian'.
- Governors Take Issue With Biden Vaccine Order.
TheGatewayPundit.com:
- SAY WHAT??? COVID Positive Patients Are Told Type of Variant They’re Infected With Cannot Be Legally Disclosed.
- This Didn’t Age Well… CDC Chief Says There Will Be No Forced Federal Vaccine Mandates.
- Obama Judge Ignores and then Throws Out Attorney Sidney Powell’s Trump 2020 Election Case in Michigan – Now Assessing Powell Fine of $200,000 for Filing Case.
- Biden Slams Hand on Podium and Bolts as Reporter Asks if Vax Mandate is Constitutional (VIDEO).
- Federal Law Enforcement Association Representing 30,000 Officers and Agents Opposes Biden’s Covid Vax Mandate – Floats Lawsuit.
Covid-19(Data, Maps, Graphs):
- Our World in Data: New Global Covid-19 Cases(7-day rolling average graphs). New US Covid Hospital Admissions/ICU Admissions/Deaths
- FT.com: Fully Vaccinated by Country(graph). Global Lockdown Stringency Index(map).
- Bloomberg.com: International Travel Restrictions. Case Graphs by State.
- NYTimes.com: County Trends and Clusters. Local ICU Occupancy.
- Brown School of Public Health: Covid Severity by State/County(map). US Hospital Capacity(region).
- CovidActNow: Covid Severity/Infection Rate by Metro Area.
- KFF: US Vaccinations by Race/Ethnicity.
- Carnegie Mellon: Covid-Like Symptoms in Community. Covid Symptom Searches on Google. Covid-Related Dr.Visits. Restaurant Visits. Wearing Masks. (graphs)
- Safegraph.com: Commerce Patterns(graphs).
Night Trading
Morning Preview Links
Earnings of Note
Company/Estimate
- Asian equity indices are unch. to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 66.0 +1.0 basis point.
- China Sovereign CDS 33.5 +.5 basis point.
- Bloomberg Emerging Markets Currency Index 60.19 +.22%.
- Bloomberg Global Risk-On/Risk Off Index 2,846.0 -225.0 points.
- Volatility Index(VIX) futures 21.12 +.9%.
- FTSE 100 futures -.11%.
- S&P 500 futures +.06%
- NASDAQ 100 futures +.11%.
Earnings of Note
Company/Estimate
Before the Open:
- (KR)/.64
After the Close:
- None of note
Economic Releases
8:30 am EST
- PPI Final Demand MoM for August is estimated to rise +.6% versus a +1.0% gain in July.
- PPI Ex Food and Energy MoM for August is estimated to rise +.6% versus a +1.0% gain in July.
10:00 am EST
- Wholesale Trade Sales MoM for July.
Upcoming Splits
- None of note
Other Potential Market Movers
- The UK Trade Data report, Bloomberg US Economic Survey for Sept., Morgan Stanley Laguna Conference and the (ALB) investor day could also impact global trading today.
- 9:30 am - 4:00 pm EST