Evening Headlines
Bloomberg:
- Bold and Bloodied Trump Seizes the Moment After Being Shot.
- Rio Tinto’s Iron Ore Output Rises, Copper Production Jumps.
- Asia Eyes Cautious Open; US Stocks Buoyed by Trump.
- Oil Steadies as Traders Look to Dollar and China for Next Cues.
- Stocks Up as Trump Picks VP in Generational Shift.
- Fed's Powell Says Recent Data Raise Confidence Inflation on Path to 2%.
- Silicon Valley’s Trump Backers Cheer Vance as VP Pick.
- Five Things You Need to Know to Start Your Day: Asia.
Zerohedge:
- Trump Picks J.D. Vance As Running Mate.
- "Ordered My First MAGA Hat": Closet Trump Supporters Are Coming Out Of Woodwork After Failed Assassination Attempt.
- Tverberg: Advanced Economies Are Headed For A Downfall.
- Taliban Takes Americans Hostage, Says Willing To Trade For Gitmo Prisoners.
- "It's Not A 'Narrative', It's The Truth" - David Sacks Destroys WaPo's Post-Trump-Shooting Spin.
- GOP Was Investigating Secret Service Before Assassination Attempt.
- US stocks finished higher in choppy trade as markets reflected on the Trump assassination attempt and Powell's comments - Newsquawk Asia-Pac Market Open.
- Zelensky Suddenly Reverses, Says Russia Should Attend 2nd Ukraine Summit.
- Don’t Expect Home Prices To Go Down Anytime Soon, Say Experts.
- Markets chop to Trump assassination attempt and dovish Powell - Newsquawk US Market Wrap.
- Shocks To The System.
- "It's Staggering!" - AI's Rapid Growth Threatens Energy Industry, Economy, & Climate.
- Trump'd: Gold & Crypto Soar, Yield-Curve Dis-Inverts As Small-Caps Crush Big-Tech Again.
Wall Street Journal:
- Choice seen as helping GOP in Midwest battleground states.
- Five Things to Know About J.D. Vance.
- Mystery Around Trump Shooter Deepens.
- Trump Shooting Is Stunning Failure for Secret Service.
- Big Banks Helped by Wall Street Comeback.
- Evictions Surge in Major Cities in the American Sunbelt.
- Rest of World Watches U.S. Turmoil With Growing Alarm.
- Fed Up With Their Car-Insurance Bills, Drivers Shift Gears.
- Trillions in Hidden Debt Drove China’s Growth. Now It Threatens Its Future.
CNBC.com:
- Powell indicates Fed won’t wait until inflation is down to 2% to cut rates.
- Apple releases iOS 18 public beta for iPhone — Here’s what’s new and how to get it.
- GM’s 2025 EV production capacity target in doubt after Barra comments.
- Here are your best money moves as a Federal Reserve rate cut looks more likely.
- How AI and automation will reshape grocery stores and fast-food chains.
MarketWatch.com:
- Trump picks J.D. Vance as his running mate, adding venture-capital experience to GOP ticket.
- Back-to-school shopping expected to cost families $875 on average — as much as holiday spending.
- Nearly a third of home sellers are cutting prices as housing supply balloons in these areas.
- How Apple’s stock can reach $300, according to Wall Street’s new biggest bull.
Fox News:
TheGatewayPundit.com:
- “You Couldn’t Wait With Your Lies…Get Outta Here!” – Don Jr. Smacks Down ‘Clown’ MSNBC Reporter for Smearing His Dad After He was Nearly Killed (VIDEO).
- WAYNE ROOT: My Trump VP Pick was JD Vance. Why Did I pick him? How Did I know? Here’s What Makes JD the Perfect Pick to Score a Landslide Victory.
- Mitch McConnell Loudly Booed at RNC Convention (VIDEO).
- “USA! USA! USA!” – Crowd Goes Wild as GOP Officially Nominates Trump as Its Presidential Nominee (VIDEO).
- RFK Jr. Finally Granted Secret Service Following Trump Assassination Attempt and Pressure From Trump.
- WATCH: Chaos in Copa America’s Final Match as Police and Security Struggle To Contain a Mass of People Without Tickets From Entering Hard Rock Stadium in Miami.
- J6 Political Prisoner Barry Ramey’s Family Pleads For Assistance From The American Public After The Biden Regime Destroyed Their Lives.
- Democrat Rep. Bennie Thompson Gets Humilating Community Notes Attached to Post on X.
- Trump Confirms a Chunk of His Right Ear is Gone During Assassination Attempt.
- UPDATE: BlackRock Pulls Ad Featuring Trump Shooter Thomas Matthew Crooks.
- Angry Euro-Globalists Move to Boycott Orbán’s EU Presidency, Are Desperate To Crush His Peace Initiative.
The Epoch Times:
- China’s Banking Sector Faces Reckoning.
- China Kicks Off Major Political Meeting Amid Gloomy Economic Data.
Around X:
- @TestDummy04
- @BillboardChris
- Attendees knew he was on the roof. Police knew he was on the roof. Secret Service knew he was on the roof. They knew he had a rifle. And they waited for him to shoot. They didn’t even bother to remove Trump from the stage. What do you call this? (video)
- Squawk55
- @Liz_churchill10
- “I spent 14 years as a Sniper…and yesterday what happened…I have no doubt in my mind…that the Shooter had help from somewhere within an Agency, Organization or the Government. The second I saw the photo of what they said happened…made no sense to me…” (video)
- @OX_DAO
- I used to work in military intelligence. My take on the Trump assassination attempt today: The guilty parties are definitely (1) the counter-sniper(s) and spotter(s) assigned to cover these specific rooftops and (2) the team leader responsible for all event pre-planning and assigning lines of sight. There is a 0% chance that a standard sniper-spotter team tasked with covering such a critical direct LOS rooftop did not spot a man crawling for over two minutes on an exposed rooftop with a rifle. The shooter's approach was amateurish; it wouldn't even pass basic training. He was fully exposed, easily visible to the public, on a critical rooftop, and extremely slow. (video)
- @LauraLoomer
- MUST WATCH NEW FOOTAGE OF ATTEMPTED TRUMP ASSASSINATION PROVES POLICE ALLOWED TRUMP TO STAY ON STAGE AND KEEP TALKING FOR NEARLY A MINUTE EVEN WITH ACTIVE KNOWLEDGE OF A MAN ON THE ROOF WITH A RIFLE. (video)
- @CollinRugg
- NEW: NBC News reports that the roof where the would-be assa*in shot from was a “well known high priority vulnerability.” The counter sn*per reportedly did *not* need approval to fire. “That the roof where the [suspect] was located was a well-known high priority vulnerability.” “It was identified just the day before during a security walkthrough.” “We've also just learned that there were two counter sn*per teams on site, and that the counter sn*per did not need approval to shoot one source telling NBC news that prior protocols were not followed.” (video)
- @WallStreetApes
- Candace Owens: The Assassination Was An Inside Job. “You have got to be kidding. Let me say something right now. Take this to the bank. Okay, That person was allowed to scale that roof. Okay, I am not some individual who's trying to assess the situation and never been around the president okay, While Trump was in office, okay, I was around him a lot a lot. And let me tell you something. (video)
- WOAH Listen To This: Secret Service Director Kim Cheatle “She has close ties to the Cheneys, the Bidens and is responsible for the J6 deleted texts scandal”. She “evacuated vice president Dick Cheney on 9/11”. (video)
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 1,012,894 Reports(+1,222 from prior report) Through June 28th, 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
Morning Preview Links
BOTTOM LINE: Asian indices are mostly lower, weighed down by technology and consumer 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 -.5% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 91.25 +.25 basis point.
- China Sovereign CDS 58.25 +2.5 basis points.
- China Iron Ore Spot 107.9 USD/Metric Tonne -.9%.
- Bloomberg Emerging Markets Currency Index 39.3 unch.
- Bloomberg Global Risk-On/Risk Off Index 59.6 +3.9%.
- Volatility Index(VIX) futures 14.3 +.22%.
- Euro Stoxx 50 futures -.26%.
- S&P 500 futures +.16%.
- NASDAQ 100 futures +.26%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by technology and consumer 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.