Evening Headlines
Bloomberg:
- Biden Pushes Netanyahu to Change Stance on Palestinian Statehood.
- The World’s Poorest Countries Buckle Under $3.5 Trillion in Debt.
- UK Government At High Risk of ‘Catastrophic’ Cyberattack, Parliament Warns.
- China Poised to Inject Cash to Aid Liquidity, Boost Growth.
- Zelenskiy’s US Visit Falls Short as Aid for War Still Stalled.
- Argentina’s Milei Devalues Peso by 54% in First Batch of Shock Measures.
- New COP28 Draft Demands Swifter Fossil Fuel Transition.
- Asia Stocks Trade Mixed as Fed Rate Decision Looms: Markets Wrap.
- Inflation Expectations Cool as Oil Tumbles Ahead of Fed Decision.
- The World’s Copper Supply Is Suddenly Looking Scarce.
- Bond Market’s Big Fed Rate-Cut Wager Faces a Reckoning.
- Investors Are Unprepared for Stock Shocks, Wells Fargo Strategist Warns.
- Why US College Presidents Are Under Pressure Over Antisemitism on Campus.
- Hedge Funds Are Challenging SEC’s New Short-Sale Disclosure Requirements.
- AI Puts Fully Remote Jobs at Risk, Hybrid Work Guru Says.
Zero Hedge:
- Zelensky Dubiously Pledges 'Victory' While Biden Says 'Don't Give Up Hope'.
- Lawmakers Introduce Bipartisan Legislation Demanding Harvard, MIT Presidents Resign.
- Chinese Spies Offer Pilot $15 Million To Steal US-Made Chinook Helicopter And Land On PLA Carrier.
- Canadian Medical Schools Asked To Shift From "Medical Expertise" To Anti-Racism & Social Justice Training.
- IBM Slapped With Federal Civil Rights Complaint After Racist CEO's "Obviously Illegal" Hiring Practices Leak.
- Portland Officials Propose To Re-Ban Public Drug Use, Governor To Declare "Fentanyl Emergency".
- McLayoffs Incoming: McDonalds Embracing Google's AI For Online Ordering.
- How Did The US Government Become So Big?
- NObamacare? Americans Are Skipping Doctor Visits Due To Costs.
- China's Promise Of Reform Yet To Impress Traders.
- Ready To Rumble: Lawsuits Against Censorship-Industrial Complex Heat Up After Musk Kicks Open The Floodgates.
- Trump Predicts He Can Win Deep Blue State.
- US stocks finished mostly higher despite the post-CPI wobble on the eve of the FOMC - Newsquawk Asia-Pac Market Open.
- Market fear evaporates.
- Israel Starts Pumping Seawater Into Gaza Tunnels, After Russia Warned Against 'War Crime'.
- Democrats Combine All Their Gun Control Plans Into One Comprehensive Bill.
- WTI 'Off The Lows' After API Reports Another Crude Inventory Draw.
- Not "Trump The Dictator" Again...
- Treasuries and Stocks shake off CPI losses ahead of FOMC - Newsquawk US Market Wrap.
- 'All Greed, No Fear' Ahead Of Fed: VIX Hits 4-Year Low As Crude Carnage Continues.
Wall Street Journal:
- Biden and Netanyahu Spar Over Gaza’s Future.
- Jay Powell’s Mixed Price Signals. Contrary to Wall Street wishes, the Fed’s inflation work isn’t done.
- Apple Adds Security to Protect Users From iPhone Thefts.
- Israel Begins Pumping Seawater Into Hamas’s Gaza Tunnels.
- America Gets a Harvard Education. Claudine Gay survives as president thanks to the school’s double standard.
- The Migrant Crisis and the Urban Death Spiral. The federal government sets immigration policy. It’s outrageous to make cities shoulder the costs.
- Democrats Stage a Congressional Map-Making Coup in New York. A state court orders a new House district map that could cost four GOP seats.
- A Trip to CosMc’s, McDonald’s New Space-Themed Takeout Chain.
- Apple, Google Get Billions From Their App Stores. That’s Now Under Threat.
- Bill Ackman’s Ruthless Quest to Oust College Presidents.
- The American Store Is Shrinking.
CNBC.com:
- Biden warns Netanyahu that Israel is losing support worldwide and its government must ‘change’.
- Valued at $86 billion, OpenAI’s latest revenue filing shows how its financials are a mystery
- Here’s everything the Fed is expected to do Wednesday
- Why Google’s loss to Epic will likely have little impact in the near-term
- ‘Too many things unaffordable:’ Biden fires up price wars as inflation cools.
- Here’s the inflation breakdown for November 2023 — in one chart.
MarketWatch.com:
- Biden warns credit agencies not to penalize student-loan borrowers for missed payments or forbearances.
- Inflation is sticky in November, CPI shows, on higher rents and used-car prices
- S&P 500’s year-end rally lifts 51 stocks to a record close
- Inflation is ‘not transitory. It’s permanent,’ says this Fed watcher
- For the first time, Netflix releases viewership data for nearly of all its titles
Newsmax:
Fox News:
TheGatewayPundit.com:
- West Virginia Secretary of State and Gubernatorial Candidate Says 2020 Election Was ‘Stolen by the CIA’
- Trump-Hater Tech CEO Christian Lanng Accused of Coercing Assistant into ‘Slave Contract’ Characterized by “Years of Rape, Sexual Abuse, Torture and Assault”.
- Biden Tells Reporters to “Hush Up” After Announcing Another $200 Million in Military Aid to Ukraine (VIDEO)
- Zelensky Tells Senators He Is Considering Drafting 40-Year-Old Men and Needs More US Dollars.
- How Tax-Exempt Nonprofits Skirt U.S. Law to Turn Out the Democrat Base in Elections.
- 19 State Attorneys General Urge Biden Regime to Reconsider Proposed Rule that Disqualifies Christian Families Who Do Not Affirm LGBTQ Rules from Becoming Foster Parents.
- WATCH: Anti-Semitic Turkish Lawmaker Suddenly Collapses While Giving a Disgusting Speech Trashing Israel.
- SPERRY: Who is Sara Biden? Joe’s In-Law Emerges as Central Figure in Foreign Cash Deals.
- Things You Find in “Civilian” Gaza Homes: AKs, RPGs, Grad missiles, Combat Gear and Pictures of Kidnapped Israelis.
- Ainsley Earhardt Wants Nikki Haley as Trump’s Running Mate – Because Trump Needs More Turncoat Warmongers In His Inner Circle.
- Poll: Olaf Scholz Is the Most Unpopular German Chancellor in the 21st Century – Voters Show Support for Cuts on Ukraine Aid and Climate Alarmist Projects.
- Outrageous! Woke Harvard President will KEEP Her Job Despite Alleged Plagiarism Scandal and Refusing to Condemn Antisemitism on Campus.
- Dr. Carol Swain Slams Embattled Harvard President for Plagiarizing Her Thesis: “I Feel Like Her Whole Research Agenda, Her Whole Career, was Based on My Work… A White Male Would Probably Already be Gone”.
- The Georgia State Farm Center Election Night Report Is Proof that Chris Wray’s FBI Was in on the Election Fraud Cover-Up and More.
The Epoch Times:
- 'Chinese-Made' Opioids 10 Times Stronger Than Fentanyl Kill 54.
- Moody’s Recognizes the Reality of China's Debt Problems.
- Bipartisan Lawmakers Call for Breaking Economic Ties With China.
Twitter:
- @Malcol_fleX48 - Yo these cornfield cultists up in Iowa are wilding with this satanic temple monument they put in the capitol. (video)
- @VigilantFox - The Unvaccinated Were Scapegoated for Failure of COVID Vaccines, Study Finds. A new study published in the Journal of Medical Ethics found that unvaccinated people were unfairly scapegoated during the pandemic. Media Blackout: Ten News Stories They Chose Not to Tell You This Week.
- @DC_Draino - New J6 footage shows unarmed, peaceful protestor with his “lip blown off” by concussive grenade. Pretty sure that when you throw explosives into peaceful crowds, that’s police brutality. (video)
- @kylenabecker - When they tell you what's coming... BELIEVE THEM. (video)
- @WallStreetSilv - Coming soon to the USA and Europe? Chinese 15-Minute cities are open air prisons. Cameras are everywhere and they are easy to lockdown. Facial recognition is mandatory to enter and leave your neighborhood zone. A special permit issued by the government is required if your friends want to visit you. (video) Imagine spending: 1) $200+ billion on 2 wars, disrupting global trade on everything from energy to food. 2) Massive Sanctions on Russia (oil, natural gas, and just about every food and metal commodity) 3) Record $$$ trillions in budget deficits and then saying "inflation is not my responsibility". (pic)
- @JunkScience - NOAA sinks climate alarmism: (graph)
- @TomFitton - Joe got China money.... (pic)
- @TonyClimate - This sort of data tampering by @NOAA makes Enron fraud look juvenile. (graph)
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 997,917 Reports(+9,212 from prior week) Through November 3rd, 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 higher, boosted by consumer and technology shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.
- Asian equity indices are -.25% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 96.75 -2.25 basis points.
- China Sovereign CDS 59.75 -2.25 basis points.
- China Iron Ore Spot 134.3 USD/Metric Tonne -1.3%.
- Bloomberg Emerging Markets Currency Index 41.5 -.02%.
- Bloomberg Global Risk-On/Risk Off Index 61.5 +1.5%.
- Bloomberg US Financial Conditions Index .61 -2.0 basis points.
- Volatility Index(VIX) futures 14.4 +.03%.
- Euro Stoxx 50 futures +.24%.
- S&P 500 futures +.14%.
- NASDAQ 100 futures +.19%.
BOTTOM LINE: Asian indices are mostly higher, boosted by consumer and technology shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.