Today's Headlines
Bloomberg:
- Xi Gives Little Reassurance China’s Main Economic Risks to Ease.
- China Traders See Tech Focus, More Covid Gloom After Xi’s Speech.
- Truss Faces Whim of Markets and Mutinous UK MPs in Key Week.
- Biden Aide Says Change in US Military Aid to Saudis Is Possible.
- London Leads UK Home Asking Prices to Biggest Gain in 5 Months.
- Lula, Bolsonaro Face Off in Debate Before Tight Brazil Runoff.
- Stocks Set to Extend Declines, Currencies on Edge: Markets Wrap.
- Oil Edges Higher After Weekly Loss as Slowdown Hangs Over Market .
- Mercedes Unveils Latest Electric SUV Aimed at Tesla’s Model Y.
Wall Street Journal:
- A Mail-Vote Time Bomb in Pennsylvania. A close Senate election will mean another legal fight over undated ballots.
- Market Whiplash Shows Investors Are Still on Edge.
- Stocks Can Always Get Cheaper. The bottom still feels far off as bad earnings reports and defaults begin to surface.
- Xi Jinping’s Quest for Control Over China Targets Even Old Friends.
- U.S. Executives in Limbo at Chinese Chip Companies.
- Junk-Rated Companies Search for the Right Time to Tap Investors.
- Biden rebuked by foreign officials for calling nuclear-armed country 'one of the most dangerous nations'.
- Christian teacher fired for refusing to read LGBT books to kids fights back.
- Fauci makes big admission on harm of school closures — then deflects blame.
CNBC:
- China’s Xi downplays need for rapid growth, touts Covid achievements.
- Xi on Taiwan interference: China will ‘never promise to renounce’ force.
- The 6 common signs of a sociopath: ‘They can be harder to spot than a psychopath,’ says psychotherapist.
Zero Hedge:
- "Liquidity Breaks And Credit Freezes": BofA's Credit Dysfunction Indicator Breaches The Critical Zone.
- Obama Calls Democrats 'Buzzkills' Who Make People 'Walk On Eggshells'.
- "We Have Entered The Stage Where Policy Makers May Feel They Have Control, But Are Nevertheless No Longer In Control".
- Morgan Stanley: Trouble In The Kingdom Is Just Starting.
- Weekend News Round Up - Newsquawk Asia-Pac Market Open.
- The Wall Of Worry Knows No Bounds.
- Remember the Santa rally?
- "This Is What Annihilation Looks Like": Biden Export Controls 'Wreaking Havoc' On China's Chip Industry.
- Texas Sheriff Declares Undocumented Migrants "Crime Victims" To Secure Visas.
- Tourists Shocked As Number Of Homeless Encampments Explodes In DC.
- Few Getting Updated COVID-19 Boosters Despite White House Pleas.
- In Groundbreaking Speech, Xi Vows To Guide China To "Incomparable Glory", An Alternative To The US.
- A Generational Opportunity In Commodities?
- Watch: Bitter Roger Stone Blasts Trump, "Run Again & You'll Get Your F**king Brains Beat In".
- Election Software CEO Surrenders To LA Authorities; Prosecutors Allege 'Massive Data Breach'.
- Japan Considers Removing 60 Year Limit On Nuclear Plant Operations.
- "It's Global Govt Re-Engineering" - Austin Fitts Warns Fed Actions Are "100% Power Politics... It's A War".
- Lawsuit To Block Student Loan Bailout Can Set Stage For Solving Debt Crisis.
- "Uncharted Territory": Housing Market Predictions For 2023.
- Morgan Stanley Says Auto Estimates For 2023 Must Fall "Significantly" On "Demand Destruction".
- Sweden Refuses To Share Nord Stream Attack Data, Opts Out Of Joint EU Investigation.
- More Foods Will Be Gene-Edited Than You Think.
- Why Are Student Test Scores Plunging? Look At Politicized Education.
- Arctic Blast To Blanket Eastern Half Of US Next Week.
- In Overheated Economy, Dems Forced To Cool Climate Messaging.
MarketWatch.com:
NewsMax:
TheGatewayPundit.com:
- In 2009 Iranian Protesters Were Calling Out for Obama as They Were Being Shot Dead in the Street – This Week Obama Finally Says He Was Wrong to Ignore Them — But Would Not Have Changed His Policies (VIDEO).
- CRAZY: Liberal Media Compares Stroke Victim Fetterman Who Can’t Carry on a Conversation to FDR (He’s More Like Biden).
- Pfizer Exec Scott Gottlieb Responds to Evidence that He Pressured Twitter to Censor Author Berenson’s Account – Insists It Was to Protect Fauci (VIDEO).
- Haitian Singer Collapses on Stage and Dies Suddenly of Suspected Cardiac Arrest During Concert in Paris (VIDEO).
- Pandemic of the Vaccinated: New Data from Walgreens Reveals Vaccinated People are More Likely to Test Positive.
- China’s Xi Jinping Opens Annual CCP Conference and Announces Full Control of Hong Kong – Taiwan Is Next.
- FACEBOOK IS SPYING ON YOU: Facebook Suspends Wife of FBI Whistleblower Steve Friend After She Responds in Private Message to Post Asking if Family Needs Help.
- Number of Police Killed in Targeted Attacks Has Doubled Since Democrat-Sanctioned Anti-Police Protests in 2020.
- They Weren’t Gaffes – Joe Biden Did Exactly What He Campaigned On.
- “Our Economy is Strong as Hell” – Joe Biden with a Mouth Full of Ice Cream (VIDEO).
- Fetterman at PA Rally: “Send me to Washington DC to Take On — To Make Sure I Push Back Against Work to Work!” (VIDEO).
- Chants of ‘Death to Khamenei’ Heard Outside Burning Iranian Jail Where Hundreds of Regime’s Opponents Held.
The Epoch Times:
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 880,882 Reports(+3,155 from prior week) Through October 7th, 2022.
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.
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).
- COVID Money Tracker. Tracking the Covid response.
Night Trading
- Asian indices are -1.5% to -.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 205.0 +2.0 basis points.
- China Sovereign CDS 115.0 +2.75 basis points.
- Bloomberg Emerging Markets Currency Index 46.3 +.02%.
- Bloomberg Global Risk-On/Risk Off Index 49.4 +.3%.
- Bloomberg US Financial Conditions Index -1.50 -26.0 basis points
- Volatility Index(VIX) futures 31.6 -.12%.
- Euro Stoxx 50 futures -.71%.
- S&P 500 futures +.31%.
- NASDAQ 100 futures +.27%.
Earnings of Note
Company/Estimate
Before the Open:
Before the Open:
- (BAC)/.78
- (BK)/1.08
- (SCHW)/1.05
After the Close:
- (MRTN)/.33
Economic Releases
8:30 am EST
- Empire Manufacturing for Oct. is estimated to fall to -4.0 versus -1.5 in Sept.
Upcoming Splits
- None of note
- The Japan Capacity Utilization report could also impact trading today.
- 9:30 am - 4:00 pm EST