Monday Watch

Today's Headlines

Bloomberg:   

• Israel Braces for Attack by Iran as US Urges Gaza Cease-Fire.  
• Starmer Calls Emergency Meeting After Riots Flare Across Britain.
• Humiliated and Furious, Maduro Locks Up 2,000 Venezuelans in Fiercest Crackdown of His Rule.
• Venezuela’s Neighbors Fear ‘Exodus That We Cannot Accommodate’.
• Global Carry Trade Unwind Extends as Peso Sinks, Yen Surges.
• South Korea’s Kospi Plunges, Takes Losses From July Peak to 10%.
• Japanese Stocks Tumble, Leading Equities Selloff.
• Oil Climbs From Seven Month Low as US Warns of Iran Retaliation.
• Treasuries Surge as Traders Bet Big on a Fed Rescue Mode.
• Bitcoin Sinks to One-Month Low After Worst Week Since FTX Crisis.
• The Stock Market Is Rotating. The Question Is Where It Goes Next.
• Nvidia’s New AI Chip Delayed Due to Design Flaws: Information.
• Apple Investors Urged to Stay Calm After Buffett Slashes Stake.
• Five Key Charts to Watch in Global Commodity Markets This Week.

Zero Hedge: 

• Japanic Monday: Japanese Bonds, Stocks Halted After Plunging Into Bear Market As Everything Crashes Everywhere.
• Anti-Immigration Protests In UK Spreads As Elon Musk Warns "Civil War Is Inevitable" .
• Same Pig, Different Lipstick: COVID & The Green Revolution.
• The $20 Trillion Carry Trade Has Finally Blown Up.
• Secret Service Takes 'Full Responsibility' For Assassination Attempt On Trump.
• Weekend News Round Up - Newsquawk Asia-Pac Market Open.
• The Weekend Crypto Crash.
• Kamala Harris & The Masque Of Magical Thinking.
• Suspected Houthi Missile Hits Container Ship; Rebel Forces Claim US MQ-9 Drone Downed Amid Regional War Risks.
• Transgender Or Intersex? Confusion Reigns Over The Gender Status Of Two Olympic Boxers.
• Guess Who Kamala Harris Blames For Disastrous Jobs Report?
• Jittery Israel Braces For 'Five Front' War As Officials Predict Iran To Attack Monday.
• Bitcoin Is Crashing Ahead Of The Japan Open.
• "Suddenly Recession Is On The Tip Of Everyone's Tongue... Wow, Did That Happen Fast!".
• The Usual Stimulus Tricks Won't Work This Time Around.
• The Trigger For WWIII Just Arrived - What Are The Implications For Americans?
• We Reap The Harvest Of Lies.
• IRS Makes It Easier For Cash-Strapped Americans To Raid 401k, IRA Accounts.
• Boiling The British Frog...
• Court Rules Coca-Cola Must Pay IRS $6 Billion In Unpaid Taxes.
• Is Zelensky's Chief Of Staff The Last Obstacle To Peace With Russia?
• Charting The Percentage Of (Real) Women Competing At The Olympic Games (1896–2024).
• Mapping The Number Of US Billionaires In Each State.
• The Civil War Didn't 'Settle' The Question Of State Secession.

Wall Street Journal:

• Iran Rebuffs Calls for Restraint in Its Response to Killing of Hamas Leader.
• ‘Everything Is Collapsing’: Israeli Reservists Confront Toll of Protracted War.
• Widespread Benefits of Tight Job Market Are Now at Risk.
• Here Are Harris’s Closest Confidants on Wall Street.
• The One-Hour Nurse Visits That Let Insurers Collect $15 Billion From Medicare.
• Union Victories First, Job Losses Later. Deere & Co. layoffs follow the UAW’s blockbuster contract gains.
• Big Banks Deserted Wall Street. Then the Cool Kids Moved In.
• There’s a Tool to Catch Students Cheating With ChatGPT. OpenAI Hasn’t Released It.

CNBC:  

• Nikkei 225 falls more than 5%, hovering near bear market territory, as Asia-Pacific sell-off continues.
• Why pharmacy chains like Walgreens and CVS are shuttering locations.
• Israel bracing for attack after assassinations in Beirut and Tehran.

MarketWatch.com:  

• Stock-market investors went from cheering a ‘Goldilocks’ economy to fearing recession. Here’s what’s next. 
• Tropical Storm Debby barrels toward Florida, with potential record-setting rains further north.
• Amazon’s killer cloud growth can’t make up for this more worrisome trend.
• Corporate profit growth is on pace for its best quarter since just before 2022’s inflation spell.

NewsMax:

• Trump Campaign: CBS Poll Skewed to Help Harris.
• Netanyahu: Israel Already in a 'Multifront War' With Iran.
• Olmert: Iran Retaliation Would be ‘Grave Mistake’.

Fox News:

• Justice delivers stern message when asked about Biden's radical SCOTUS changes.

TheGatewayPundit.com:

• RED ALERT: Pentagon Deploys Additional Jet Squadron, Warships, and USS Carrier Strike Group To Israel in Dramatic Escalation of U.S. Military Presence in Middle East
• Pennsylvania Court Drops Bombshell Ruling: Digital Images of Completed Absentee and Mail-In Ballots are Public Records.
• Supreme Court Justice Neil Gorsuch Responds to Biden’s Radical Plan to “Reform” the Supreme Court.
• Federal Air Marshal Whistleblowers Reveal Tulsi Gabbard is Actively Under Surveillance Through Secretive Quiet Skies Program.
• Months After $20 Minimum Wage Law, California Fast Food Workers Want Another Increase.
• Tyrannical Michigan Secretary of State Jocelyn Bensen Goes Full Stasi – Urges Citizens to Snitch on Their Neighbors if They Challenge Official Election Narrative.
• Iran Announces It Will Attack Any Arab Country that Attempts to Intervene in Its Attack on Israel.
• ICYMI: Democrat Former St. Lucie County Sheriff Found Guilty in ‘Ghost Candidate Voting Fraud Scheme’.
• The Paris 2024 “Woke-Lympics” – A Descent into Perversion, Blasphemy and Abuse of Women.
• President Trump Talks with Maria Bartiromo- “What’s Killed this Country More Than Anything in the Last Three and a Half Years is Inflation” (VIDEO).
• RINO Brian Kemp and Dirty Brad Raffensperger Lash Out at Trump After He Calls Them Out for Failing to Fix Georgia’s Elections.
• Iranian Regime Warns Israel Will Not See Its 80th Birthday.
• WATCH: JD Vance fires back at Crazy Democrats calling him ‘weird’.
• Pelosi Dodges Questions on Leading Coup to Oust Joe Biden from Race – Then Says Old Joe Should be on Mount Rushmore.
• Maria Bartiromo DESTROYS Kamala Harris – Lays Out Her Record as the Worst VP in US History (VIDEO).
• Columbia Students Sue Squad Leaders for Allegedly Inciting and Encouraging Anti-Israel, Anti-Jew Protests on Campus.
• Elon Musk Warns ‘Civil War is Inevitable’ in UK as Anti-Immigration Protests Spread.

Around X:

• @amuse

• Remember when Iran captured a top-secret CIA drone and Obama refused to destroy it? Then he sent them billions of dollars, enabling them to reverse engineer it and become one of the world's most advanced military drone suppliers? (pic)

• @JackPosobiec

• Josh Shapiro's office ruled this a suicide. Ellen Greenberg was stabbed 10x in the chest and 10x in the back. 2x postmortem. Why is Josh Shapiro covering up this murder? Does it have to do with her finance's well-connected family in Philadelphia politics? (pic)
• Watch how quickly Josh Shapiro lies about JD Vance and immediately moves into spreading conspiracy theories and hoaxes about him. He doesn't miss a beat. Shapiro is one of the most skilled liars in politics, which is why the Dems want him up against JD. (video)

• @Liz_Churchill10

• The Conspiracy Theorists tried to warn you. Australian Citizens will require 100 Social Credit Score points from their DIGITAL ID to use social media with the police having access to ALL accounts including private messaging. (video)
  

• @VigilantFox

• Media Blackout: 10 News Stories They Chose Not to Tell You This Week. #10 - We now have damning evidence of a Secret Service cover-up. Director Ronald Rowe has been caught in a LIE... (video)

• @PeterSweden7

• Masked gangs armed with axes and hammers are hunting down people in Britain that are protesting against open borders. SHARE - The mainstream media won't show you this. (video)

• @dom_lucre

• BREAKING: This Black Georgia woman named Michaela is taking the internet by storm for putting Kamala Harris on blast at Trump’s rally in Atlanta. “They don't want to talk policy, they just want to use propaganda to steal your vote. The left is trying to tout this woman as a savior for the black community, but all she's done is hurt the black community since she came into the game. (video)

• @nicksortor

• Here’s Kamala Harris attempting to explain “cloud storage” Yes, this is real. No wonder they won’t let her speak off script. (video)
  
• Rep. @ByronDonalds just SMACKED George Stephanopolous after the ABC anchor started throwing a fit over Kamala Harris’ “racial identity”. Way to put Slopodopolous in his place Byron. This is a hell of a watch. (video)

• @ImMeme0

• HOLY SH*T! The Biden/Harris through the “Inflation Reduction Act” used American tax payers money to fund DOMESTIC TERRORISM on the U.S. soil. Rep. Shelley Moore Capito and Rep. Pete Ricketts discuss oversight findings on the funding of radical extremist groups through the Biden/Harris’ Inflation Reduction Act, calling it the “Invest in Radical Activity Act.” (video)
  

• @ShadowofEzra

• A Secret Service whistleblower revealed in an affidavit that he was instructed to stand down and essentially allow Trump to be assassinated. Who gave the stand down order? (video)
  

• @BGatesIsaPsycho

• “It’s the destabilisation project of Europe, which whether you like it or not includes the UK”. “You will see increasing strife, increasing unrest, increasing civil division”. Listen to Shahid Boisen explain that all events unfolding are part of strategising scheme to destroy the West. This isn’t conspiracy - this is WEF Agenda, they talk about it & you can see it happening. (video)
• Bill Gates wants to vaccinate you for everything. Bill Gates wants to block out the Sun Bill Gates wants you eating his fake meat. Bill Gates want to tax your personal Carbon output. Bill Gates develops Genetically modified Mosquitos he was to vaccinate you with. Bill Gates wife left him because of his relationship with the most notorious child sex trafficker in history. Don’t listen to Bill Gates. (pic)
• “They got knives”. Just one of the shockingly terrifying clips emerging from Britain today. The whole Country experienced huge riots in response to both the killing of 3 young Children, but also how Britains Prime Minister dealt with it. In response gangs of Muslims armed themselves with knives & hammers in retaliation & attacking British protesters. This is terrifying stuff. (video)
• Dear Labour Voters, You’ve been conned. The end. (video)

• @kylenabecker
  

• This is what happens when socialists control your "democracy." Behold, Venezuela. (video)

• @LizCrokin
  

• For all the people who had never heard of Pizzagate or thought it was fake until Joe Rogan said he believes it’s real on his live Netflix special last night, now would be a good time to watch Out of Shadows and learn the truth! This documentary film — that went viral in 2020 amassing over a hundred million views before it was banned everywhere— is the best education on Pizzagate and why the media covered it up. Watch the full film for free here on @x below. (video)
  

• @wideawake_media

• German farmer, Anthony Lee: "We have a farming minister who's telling us we should only eat... 10 grams of meat per day." Jordan Peterson: "When the politicians start telling you what you can and can't eat, we've crossed a line. You don't get to tell me where I set my thermostat. You don't get to tell me what I can drive and when, and you certainly bloody well don't get to tell me what I can eat." (video)

• @WarClandestine

• For those wondering why the Kamala campaign are desperate to host the debate on ABC: Remember that nasty woman at the NABJ a few days ago? Her name is Rachel Scott. She works for ABC. Trump is also currently suing ABC over defamatory comments from Stephanopoulos, where he falsely claimed Trump “raped” E. Jean Carroll. There is a legal conflict of interest, and ABC have proven they are hostile towards Trump. (video)
  

• @WallStreetApes
  

• Tucker Carlson “What happened to all the Jeffrey Epstein evidence?” Turns out The FBI charged him with a crime so minimal, they wouldn’t have to simultaneously raid his other properties. Giving them time to clean up “If they had charged him for trafficking, The FBI would have had to simultaneously raid every property under The Mann Act.” It was an Inside job.
• Don’t Listen To The Media, Listen To This British Citizen Actually On The Ground At The UK Protests. This is not “Far Right”. “The slaughter of innocents will push any nation, any tribe, any man over over the edge”. “They commit the most heinous of crimes”. “The straw that broke the camel's back was years ago. The people are being lied to by the government. They're being lied to by the mainstream media. Law enforcement knows it. The government knows it. The government knows it.“ (video)
• Please Watch This America. “While I'm talking to you right now. Women are being r*ped by members of the cartel to cross this border. Not once, numerous times. “A child will die today on the border”. (video)

• @BehizyTweets
  

• To anyone trying to criticize Trump for going after Georgia Governor Brian Kemp, then I have some news for you, Kemp is as CORRUPT as it gets. Apart from being a regular attendee at the WEF, he also has a history of receiving illegally laundered money to his campaign. According to official campaign finance data, some of Kemp's donations appear to come from the same scheme utilized by ActBlue to launder money into Democrat campaigns. (pic)
• Trump is currently conducting a roundtable with black business owners of Atlanta. Notice how no paid rappers were in the room twerking. Many of the owners said green energy regulations and inflation are “killing” their bottom line. “We’ll be back,” Trump says. “We’ll be back where we were, but better.” (pic)
  

• @MTGrepp

• HAPPENING NOW. THOUSANDS of Muslims are chanting “Allah Akbar” while searching for White British Patriots. Pray for the UK, this is what open borders does to your cities. The UK has officially fallen. (video)
  

• @DrewHLive

• Here comes the installed Police State for the UK. The UK government announces the incoming crackdown not just on those on the streets, but those “online”. Create destabilization then execute “peace” through forced martial law, installed police state. (video)

• @toobaffled

• Stores and Brands that will be using Apeel coating on their produce. (video)

• @drawandstrike
  

• They had to have counter snipers for the first time in over 2 years for that one single particular Trump rally so they could shoot the patsy after the Operation Gladio team took it's shots at Trump. CHANGE MY MIND. (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

• Asian indices are -4.0% to -2.5% on average.
• Asia Ex-Japan Investment Grade CDS Index 103.25 +4.25 basis points.
  
• China Sovereign CDS 68.5 +3.25 basis points.
• China Iron Ore Spot 104.7 USD/Metric Tonne +.9%.
  
• Bloomberg Emerging Markets Currency Index 38.95 unch.
• Bloomberg Global Risk-On/Risk Off Index 38.5 -1.0%.
• Volatility Index(VIX) futures 23.7 +7.6%. 
• Euro Stoxx 50 futures -.8%.
• S&P 500 futures -1.5%.
• NASDAQ 100 futures -2.4%.

Morning Preview Links

BOTTOM LINE: Asian indices are sharply lower, weighed down by technology and industrial shares in the region. I expect US stocks to open lower and to maintain losses into the afternoon.  The Portfolio is 25% net long heading into the week.

Today's Headlines

Bloomberg:

• China’s Economy Keeps Gliding on Just One Engine.
• Investors Take Long-Term View as Rate Hike Whipsaws Japan.
• Credit Traders Rush to Hedge on US Economy Fears.
• Drinking’s Cancer Link Is Underrated — Especially by Women.
• Uber Legal Chief Tony West to Take Leave for Harris Campaign.
• Market Plunge Has Investors Bracing for Turbulent End to 2024.
• World’s Richest Lose $134 Billion in Stock Slump, Led By Bezos.

Zerohedge:

• Buffett Calls The Top: Berkshire Quietly Dumps Half Its Apple Shares Amid Unprecedented Selling Spree.
• About Face! SecDef Austin Kills Plea Deal That Would Spare 9/11 Plotters From Death Penalty.
• Hotez Calls For Police Deployment Against "Anti-Vaxxers".
• Skies Are Lit Up Over Northern Israel As Hezbollah Fires Dozens Of Rockets.
• Goldman Says Mid-Atlantic Power Prices "Finally Caught Up To AI Data Center Load Growth Story".
• DHS Puts Migrant Parole Program On Hold Amid Alleged Fraud In Application Process.
• Kamala Harris's Husband Admits To Cheating On 1st Wife With Homewrecker Nanny, Knocking Her Up.
• Judge Chutkan Denies Trump's Motion To Dismiss Election Case, Sets Status Conference.
• Central Banks Purchase Gold To Offset Their Own Monetary Destruction.
• Time To "Ratchet Down Exposures" - These Are The Questions That Bounced Around The Head Of Goldman's Top Trader This Week.
• Trump Says Mark Zuckerberg Called Him And Said He Won't Support Democrats.
• New York State Supreme Court Blocks NYC Mayor Adams' Attempt To Pause Migrant Arrivals.
• Psychology Has Shifted And Confidence Has Broken.
• Trump Agrees To Debate Kamala Harris On Fox News With "Full Arena Audience".
• Josh Shapiro Downplays IDF Volunteerism As 'Service Project' As Wikipedia Scrubs Evidence.
• Worldcoin Spreads Across Europe With Austria Digital ID Launch.
• Beijing Helicopter Taking Off: China Central Banker Calls For Direct Money Transfers To Households.
• "Millions" Wasted On Electric School Busses As Maryland Pivots Back To Diesel.
• Europe's Recipe For Disaster: The Von Der Leyen Program.
• "Why Are We Selling Off?" - Goldman Traders Reflect On The Global Rout, And How To Profit From It.
• 3 Extreme Volatility Charts We Are Watching.
• Swiss Government Takes Child Away From Parents Who Refused Puberty Blockers.
• Cattle Market Rattled By Recession Risks As Cash-Strapped Consumers Pull Back.
• "Open War" On Police: NYC DA Lets Two Migrants Who Attacked, Bit Cops Free Without Bail.

 WSJ.com:

• Lousy Jobs Figures Force Fed to Reckon With Hard Landing.
• The Fed Is Behind the Curve. There’s Still No Need to Panic.
• The Americans Left Behind in Russia After Historic Prisoner Swap.
• The Unraveling of a Charity’s Feel-Good Story About Saving African Orphans.
• Why Chevron Is Fleeing California. The oil company moves to Texas as Sacramento regulators may take over the refining industry.
• Neuberger Berman Nears Deal for International-School Operator at $15 Billion Valuation.
• Breaking Down the Tech Giants’ AI Spending Surge.
• As Venezuela’s Strongman Clings to Power, His People Pack Their Bags.

Barron's:

• Had bullish commentary on (CMG).

CNBC:

• ETF inflows set record high in July, State Street Global Advisors finds.
• Little-known law forced more than 120,000 veterans to return payouts they received to leave military.
• Tropical Storm Debby moving through Gulf toward Florida.

MarketWatch.com:

• A viral chart suggests a recession is coming after the Fed cuts interest rates — but don’t panic yet.
• Berkshire Hathaway’s operating profit rises 15%, cash level at record $277 billion, Apple stake cut.
• Stocks rocked by surprisingly soft U.S. jobs report as Nasdaq slides into correction.
• Gold taps fresh all-time highs as weak U.S. jobs data raise recession fears.

NewsMax:   

• Trump on Debate: Don't Think Harris Will Show Up.
• Trump: Dems' 'Coup' 'Not Fair,' Wasted My Money.
• Bernie Kerik: Kamala Harris Was a Weak Attorney General.

Fox News:

• WATCH: Trump brings supporter on stage at Georgia rally — and she steals the show.
• Powerful ally emerges as citizens revolt against socialist dictator's election 'fraud'.
• Diners shocked at higher price for popular Denny’s platter: ‘Abomination’.

TheGatewayPundit.com: 

• CNN Stunned as a Group of Black Men at Harrisburg Barbershop in Pennsylvania Believe ‘Kamala Ain’t Black’.
• Far-Left Group in Ohio Is Being Investigated for Turning in an Inch-Wide Stack of Likely Fraudulent Voter Registrations – ARE YOU PAYING ATTENTION?
• “They Don’t Want the Vote to Be Honest” – Trump Calls Out Dirty Brad Raffensperger at Gov. Brian Kemp at Atlanta Rally.
• HUH? Trump Advisor Kellyanne Conway Registers as Ukrainian Agent.
• President Trump Takes the Stage to Thunderous Applause at Atlanta, Georgia Rally-“I Don’t Need Entertainers. I Filled the Stadium Because I’m Making America Great Again!” (VIDEO).
• Senator And VP Nominee JD Vance Speaks to Crowd at Atlanta Rally-“Kamala Harris is Not Getting a Promotion to the Presidency of the United States” (VIDEO).
• It Was a Set-Up: Secret Service Admits They Did Not Keep Recordings from Radio Traffic During Attempted Trump Assassination (VIDEO).
• Crisis in Venezuela: Tension Grows Due to Protests and Threats of Repression from Maduro Regime.
• United Sovereign Americans Filing Election Integrity Lawsuits in Multiple States – Group Finds 29 Million Voter Registrations That Need to Be Removed, Explained or Adjudicated.
• RED ALERT: Ninth Circuit Appeals Court BLOCKS Arizona’s Proof of Citizenship Requirement to Vote – Case Will Be Sent to U.S. Supreme Court.
• Congressman Eli Crane Exposes Shocking Report from DHS Inspector General — Biden-Harris Regime Waived Vetting Process for 7-9 Million Visa Recipients.
• Kamala Harris’ Campaign Refuses Debate with Trump on Fox News — Will Only Accept Debate Through Far-Left News Media to Control Narrative.
• 92% of Voters Believe Kamala Harris Is to Blame for Covering Joe Biden’s Obvious Mental Decline – Because She Did. 
• “She Lacked Professional Competence, So She Worked on It By Hiking Up Her Hemline” – Judge Joe Brown Destroys Kamala Harris in One Brutally Honest Interview (VIDEO).

Epoch Times:

• Trump’s China Tariffs: Extraordinarily Good for America.

Around X:

• @elonmusk

• Government is underreporting an additional 46,500/month in illegal immigration! (graph)

• @toobaffled
  

• "More than 300 medical journal articles have disappeared within the last year." (video)

• @ChuckCallessto

• FLASHBACK: Don Lemon argues that Kamala Harris IS NOT African American.. IT WOULD BE A SHAME IF THIS WENT VIRAL.. (video)
  

• @dom_lucre

• BREAKING: Kamala Harris campaign website doesn’t have one single policy or reason to vote for her, she only mentions Donald Trump as a reason or how to donate. This could be considered as the weakest description and website for a Presidential candidate in recent history. You might want to bookmark this post. (video)
  

• @BehizyTweets

• BREAKING: JD Vance perfectly FLIPS the script on Kamala Harris for truly being the weird one. "We think it's weird that Democrats want to put s3xually explicit books in toddler's libraries". "We think it's weird that the far left wants to allow biological males to beat the living crap out of women in boxing". "We think it's weird for a presidential candidate to bail convicted r*pists and murders out of prison". (video)
• SHOCKING: Election fraud researcher and former California lawmaker Steve Baldwin reveals that voter rolls in swing states are full of illegal voters & ghost names. Migrant processing facilities also appear as some voters' addresses. "What we have found is that some of the voter rolls in the swing states are chock full of illegal aliens and other people who should not be on the voter roll." "All these NGOs that are processing them even before they cross the border, they're using the address of the processing center as their voter registration address." (video)

• @KobeissiLetter

• BREAKING: The Sahm Rule recession indicator surged to 0.53 in July from 0.43, suggesting the US economy is in a recession. The Sahm Rule signals a downturn once the unemployment rate increases 0.5 percentage points above its previous 12-month low. After the unemployment rate jumped to 4.3% in July from 4.1% in June, the Rule has been triggered. Over the last 65 years, there has not been a single occurrence where this indicator provided a false signal. Also, every time the threshold has been breached, the unemployment rate surge accelerated. Are we already in a recession? (graph)
  

• @Vision4TheBlind
  

• This year all 32 NFL teams will start using facial recognition to verify the identity of people entering the stadium. This is a clip that was posted recently on the Dallas Cowboys website. It shows how easy it is to identify someone in these large crowds. (video)
  

• @WallStreetApes

• This is Serious.  US Government voting on new regulations this November that are so expensive they will force small ranchers out of business. Mandating new equipment that will cost up to $2.3 million plus $500k to install and regulate each year. “This is an attack on our food system”. (video)

• @kylenabecker
  

• BREAKING. HIDIN’ HARRIS: The unelected Democratic presidential nominee Kamala Harris *REFUSES* to debate Donald Trump unless it’s r*gged by Democrat-biased media. The Harris campaign just *REJECTED* a debate on Fox News in front of a live audience with former President Trump. (pic)
• BREAKING: Harris supporters and Illegal Aliens are turning out in MASS PROTEST in the nation’s capital to demand the “right” to vote in U.S. elections. This is what Kamala’s job as “Border Czar” was really all about. (video)
  

• @DougAMacgregor
  

• BREAKING: 4,000 United States Marines and sailors headed to the Middle East.

• @Athan_K

• A lot happened in July. But, one event went quietly unnoticed. The result of largest American controlled experiment in Universal Basic Income (UBI) was released. You haven’t heard about it because the findings are terrifyingly bad. (pic)

• @TaraBull808
  

• An illegaI migrant from Venezuela left her receipt at the grocery store, so the cashier took a photo.. EBT Food Stamp balance: $13,401.82 EBT Cash balance: $4,498.85 Yet millions of Americans can't afford groceries, gas, & rent. Make this post go Viral. Share and comment! (pic)

• @JackPosobiec

• So she stabbed herself in the heart but then zipped her sweatshirt back up, according to Josh Shapiro? (audio)
  

• @DC_Draino 

• BREAKING. I almost never say “Breaking” so listen up CISA & FBI have put out a very ominous warning about a potential election attack this fall. Here’s the part of their bulletin that really concerns me: They say “this PSA is to raise awareness that a DDoS attack on election infrastructure could hinder access to election information but would not impact the security or integrity of election processes”. WHAT?! How do they know an attack on “election infrastructure” wouldn’t impact election results in advance?! Is this their plan?

• @nicksortor

• CBS literally had a full CAMERA CREW stationed outside a Chicago Footlocker, and a crew of degenerates looted them anyway. All while looking directly at the camera. They know they won’t be prosecuted, so why would they care? Kamala’s America. (video)
• #BREAKING: Whistleblowers just revealed to Sen. @HawleyMO that Acting Secret Service Director Rowe PERSONALLY directed cuts to the USSS agents responsible for threat assessments while Deputy Director. AND NOW HE’S BEEN PROMOTED? (pic)
  

• @IGSquawk 

• Weekend Markets update: #DAX 17601 -0.32% #DOW 39508 -0.23% #NASDAQ 18296 -0.51% #FTSE 8182.3 -0.22% #HANGSENG 16867 -0.05% #GBPUSD 12807 -0.01% #EURUSD 10906 -0.03% #USDJPY 14662 +0.04%.

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.

Evening Headlines

Bloomberg:

• Pentagon Deploying Ships, Fighters to Boost Mideast Presence. 
• AI-Made Bioweapons Are Washington’s Latest Security Obsession.
• Meta Is Offering Hollywood Stars Millions for AI Voice Projects. 
• Dollar Heads for Its Steepest Decline of 2024.
• Hedge Funds Bearish on Commodities for First Time Since 2016.

Zerohedge:

• Unburdened By Vocabulary: Kamala Harris Dishes Fresh Word Salad During Prisoner Swap.
• XY Marks The Spot: Second Olympic Boxer Who Failed Gender Test Beats Woman To Tears.
• Graham Pushes Senators To Commit To War On Iran If Israel Attacked.
• Certain Dark Chocolates Contain High-Level Heavy Metals, Study Finds.
• Beijing Helicopter Taking Off: China Central Banker Calls For Direct Money Transfers To Households.
• Biden Pledges New Military Deployments To Defend Israel In Netanyahu Call.
• The DEI Trap.
• Cocoa Prices Slide To Five-Month Low On Demand Destruction Fears From Hershey.
• Judge Overturns $4.7 Billion Verdict In NFL Sunday Ticket Antitrust Lawsuit.
• Biden Angry Over Being Kept In The Dark On Israel's Operation To Kill Hamas Chief.
• Biden-Harris DHS Accused Of Covering Up Crucial January 6th Report.
• Tonight? Iran State TV Suggests Attack On Israel Is Just 'Hours' Away.
• Texas Rancher Sues Biden, DHS Over Damage To Property Allegedly Caused By Illegal Immigrants.
• Fed Finagles $173 Billion In (Positive) US Bank Deposit 'Adjustments' In The Last 3 Weeks.
• Into The Weird!
• Stocks and Dollar sink while Treasuries soar in the face of US growth fears - Newsquawk US Market Wrap.
• North Korean Defector Says Kim Wants To Restart Nuclear Talks If Trump Wins
• Market Ka-Mauling.

 WSJ.com:

• Dow drops 611 points; investors worry about weakening economy.
• Israel, U.S. Prepare for Severe Iranian Retaliation.
• Putin Rolls Out Red Carpet for Hackers, Smugglers and Spies Released in Swap.
• Mark Zuckerberg’s New Image: Gold Chains and Gen-Z Curls.

CNBC:

• Dow closes down 600 points, Nasdaq enters correction after weak jobs report.
• Tech stocks see steepest three-week slump in two years, led by Amazon, Intel.
• Eli Lilly’s Zepbound and Mounjaro available in U.S. after shortages, FDA says.
• Google pulls AI ad for Olympics following backlash.
• Job growth totals 114,000 in July, much less than expected, as unemployment rate rises to 4.3%.
• Mortgage rates plunge to the lowest level in more than a year after weak employment report.
• Berkshire’s mounting cash pile could top $200 billion as Buffett continues selling stock.
• Jeff Bezos’ family office is making big investments in AI.
• The labor market’s soft landing ‘is in danger,’ economist says. Here’s where jobs are still growing.

MarketWatch.com:

• 74% of the S&P 500’s components fell Friday, and Amazon’s plunge was among the most dramatic.
• Gold taps fresh all-time highs as weak U.S. jobs data raise recession fears.
• Wall Street’s ‘fear gauge’ surges as panic grips stocks.
• An ugly July jobs report revives talk of recession and bigger Fed rate cuts.
• Intel borders on ‘existential’ crisis as stock could see worst fall in 50 years.

NewsMax:   

• Iran, Allies Ready Israel Retaliation.

Fox News:

• Death penalty for accused 9/11 terrorists back on the table as defense secretary revokes plea deal.
• Trump-aligned group goes straight for Harris’ Achilles heel in general election ad blitz.

TheGatewayPundit.com: 

• BREAKING: Attorneys General from Virginia and Missouri, and Wyoming Secretary of State Launch Investigations into ActBlue Over Allegations of Money Laundering Scheme.
• WARNING: “Phantom Voters” Registered In Key Swing States Could Cost Trump The 2024 Election — OAN VIDEO.
• Watch: Whoopi Goldberg Snaps When Republican Governor Tells the Truth About ‘The Elites’.
• Dan Bongino: Whistleblowers Confirm Secret Service Is Hiding a Big Secret (VIDEO).
• Louisiana Mayor Charged with R*ping Child Just One Week After Abruptly Resigning.
• FBI And CISA Raise Eyebrows With Election Cyber Attack Warning: “DDOS Attacks on Election Infrastructure…Could Hinder Access to Election Information”.
• British Prime Minister Keir Starmer’s Orwellian Mass Facial Recognition Surveillance Plan to Silence Citizens.
• Unity? Black Activist Who Said ‘F— the White Women’ is Working to ‘Build a Coalition’ for Kamala Harris.
• JUST IN: Kamala Harris Secures Democrat Nomination After Stealing Joe Biden’s Delegates.
• Trump Says Mark Zuckerberg Called and Apologized to Him Over AI Erasing Mention of His Assassination Attempt (VIDEO).
• Flashback: Kamala Harris Launched Her Political Career in the Bedroom as Married Mayor Willie Brown’s Mistress.
• It Was a Set-Up: Acting Secret Service Director Ronald Rowe Caught in Another Lie, Was Personally Responsible for Cuts in Security Division Responsible for Threat Assessments (VIDEO). 
• Communist Tyrant Nicolas Maduro Announces Construction of Two Maximum-Security Detention Centers – Says His Goal Is to Turn Them Into “Reeducation Centers”.
• Senator Marshall Officially Launches Investigation Against Google for Alleged Election Interference — Accused of Rigging Search Results to Prioritize Left-Wing Propaganda.

Epoch Times:

• DOJ Sues TikTok Over Collection of Children’s Data.
• Local Government Debt Is Dragging China Down.

Around X:

• @elonmusk

• Something is deeply wrong with our justice system. (pic)

• @GenFlynn

• Now what @GovKemp ??? (video)
  

• @amuse

• Powerful message from Maduro basically admitting his election was as safe and secure as the 2020 election in the US: "Meddlers in the European Union, how many statements did you make when Donald Trump denounced fraud in the elections where President Biden was named the winner? How many governments in the world asked to review all the voting records in the United States? (video)
• A declassified FBI document confirms longstanding suspicions of the agency's active involvement with Patriot Front for years. With 950 pages of details (heavily redacted), it’s evident that numerous federal assets are deeply embedded within the organization.

• @SteveLovesAmmo

• Things not in the news anymore….

• @BennyJohnson

• Vivek on Kamala's Heritage: "Many Indian-Americans in the US are indeed somewhat offended by the way Kamala has suddenly cast aside the Indian-American side of identity... She wore that when it was convenient. She's wearing a different identity now."
• PLEASE DO NOT WATCH THIS! DO NOT! NO! DONT YOU DARE! DO NOT SHARE THIS. (video)

• @libsoftiktok

• This is absolutely sick. Imane didn’t just beat up Angela by punching her in the face, he also touched her breasts after he “won”. (video)

• @theinformant_x
  

• The US Air Force B-2 Spirit stealth strategic bomber, capable of carrying nuclear weapons, arrived at Al Udeid Air Base in Qatar amid escalation around Iran. (video)
  

• @Breaking911

• FMR. KAMALA AIDES: “She treats the campaign fund like a personal checking account to fund a life of luxury." (video)

• @LauraLoomer
  

• The snipers did pick it up. Why is everyone pushing this lie that Secret Service missed the shooter? @SecretService didn’t miss. They wanted Trump to be assassinated, which is why they let him take the stage while knowing about the shooter.
• WATCH: Earlier this week, I EXPOSED the @KamalaHarris campaign's plan to pay Instagram and TikTok users to post positive content about her. Using a platform called LaunchViral, they’re offering $150 in cash—completely illegal—for influencers to parrot their pre-approved propaganda. This isn’t grassroots, it’s a dirty campaign stunt that violates FEC rules!!!
  

• @dom_lucre

• BREAKING NEWS: Blacks Against Harris Zoom call was successful with over 72,000 attendees in total. The difference between us and Democrats is that we uploaded the full video instead of selected clips with celebrities like White Guys For Harris did. (video)
  

• @BehizyTweets

• BREAKING: A Pennsylvania court just issued a MASSIVE ruling declaring that the digital images of completed absentee and mail-in ballots are PUBLIC RECORD. This means that after the November election, voters and candidates can obtain the original images for inspection.

• @OversightPR

• NON-CITIZENS REGISTERED IN GA. Footage obtained by @realmuckraker shows numerous non-citizens admitting to being registered voters. A staggering 14% of the non-citizens spoken to admitted to being registered to voters. (video)
  

• @disclosetv

• JUST IN - Pentagon deploys additional cruisers, destroyers, and a fighter squadron to the Middle East amid tensions.

• @EmeraldRobinson

• BREAKING: The RNC has hired Bryan Tyson as its election integrity lawyer in Georgia. Tyson previously worked for @GaSecofState Raffensperger who has refused to stop using Dominion voting machines. It's 2020 all over again.

• @TonySeruga
  

• The assassination attempt at the Trump Rally in Butler, PA on July 13, 2024, FirstNet was responsible for the issues with radio communications and cell service outages that day. Guess who is on the board? (pic)

• @WallStreetApes

• The Kamala Harris Atlanta Rally With Megan Thee Stallion Is Getting Backlash. “Are we living in the twilight zone or what? Having Megan Thee Stallion twerk is not going to fix our economy, and it's not going to stop the legal immigrants from flooding this country” “But now Kamala is promising to fix the border, the border that she has never even visited. She's in the White House right now. So if she wanted to do something about the border, she could. (video)

• @VigilantFox

• Jesse Watters: We Have Evidence of a Secret Service Cover-Up. Ronald Rowe testified that the Secret Service didn't cut resources from Trump's detail. Well, it turns out that the same guy “personally directed” Secret Service agents to be CUT. So, he lied.

• @kylenabecker
  

• UNREAL: If you ask Chat GPT about the most significant thing that happened on July 13th, 2024 it LIES to the American public by DENYING that the Trump assassination attempt ever happened. (pic)
• Now, would you look at this: CNN in 2020 did an entire segment on Kamala Harris' Indian-American roots. (video)

• @Ultrafrog17

• Elon Musk says that he has discussed with Trump the idea of a government efficiency commission. Imagine how much better the world would be if we cut back the enormous waste and idiocy embedded in the US government. These two make a powerful combination. (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.

Stocks Substantially Lower into Final Hour on US Policy-Induced Stagflation Fears, Escalating Mid-East Tensions, VP Harris "Poll Gains", Tech/Energy Sector Weakness

Broad Equity Market Tone:

• Advance/Decline Line: Substantially Lower
  

• Sector Performance: Almost Every Sector Declining
  

• Volume: Heavy

• Market Leading Stocks: Underperforming
  

Equity Investor Angst:

• Volatility(VIX) 26.8 +44.3%
• DJIA Intraday % Swing 1.78 -19.8%
  
• Bloomberg Global Risk On/Risk Off Index 36.0 -24.0%

• Euro/Yen Carry Return Index 176.2 -.6%

• Emerging Markets Currency Volatility(VXY) 8.2 +6.1%

• CBOE S&P 500 Implied Correlation Index 25.5 +45.3% 

• ISE Sentiment Index 110.0 +4.0
  

• Total Put/Call 1.16 +27.5%

• NYSE Arms 1.60 +9.6%
  
• NYSE Non-Block Money Flow -$669.9M 
  

Credit Investor Angst:

• North American Investment Grade CDS Index 58.2 +6.5%
  

• US Energy High-Yield OAS 334.0 +11.4%
• Bloomberg TRACE # Distressed Bonds Traded 260 -2
  

• European Financial Sector CDS Index 71.2 +7.8%
  
• Deutsche Bank Subordinated 5Y Credit Default Swap 183.4 +6.9%
  

• Italian/German 10Y Yld Spread 146.0 basis points +6.0 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 98.9 +3.3%
  

• Emerging Market CDS Index 182.8 +4.9%
  
• Israel Sovereign CDS 139.1 +7.3%
  

• China Corp. High-Yield Bond USD ETF(KHYB) 24.9 -.33%

• 2-Year SOFR Swap Spread -18.5 basis points -1.25 basis points
  

• Treasury Repo 3M T-Bill Spread -15.5 basis points -7.5 basis points
  

• 3-Month EUR/USD Cross-Currency Basis Swap -3.25 -1.5 basis points
  
• MBS  5/10 Treasury Spread 134.0-7.0 basis points
  
• Bloomberg CMBS Investment Grade Bbb Average OAS 688.0 unch.
  
• Avg. Auto ABS OAS 62.0 unch.
  

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 39.0 +.1%
• 3-Month T-Bill Yield 5.19% -7.0 basis points
  

• China Iron Ore Spot 102.8 USD/Metric Tonne -1.0%
• Dutch TTF Nat Gas(European benchmark) 36.6 euros/megawatt-hour -.9%

• Citi US Economic Surprise Index -40.6 -6.2 points

• Citi Eurozone Economic Surprise Index -49.7 -1.4 points

• Citi Emerging Markets Economic Surprise Index -5.0 +.9 point
• S&P 500 Current Quarter EPS Growth Rate YoY(376 of 500 reporting) +11.0% -.5 percentage point
  
• S&P 500 Blended Forward 12 Months Mean EPS Estimate 263.48 +.35:  Growth Rate +15.4% +.2 percentage point, P/E 20.3 -.5
  
• S&P 500 Current Year Estimated Profit Margin 12.78% -4.0 basis points
  
• NYSE FANG+ Current Quarter EPS Growth Rate YoY(7 of 10 reporting) +25.9% +2.3 percentage points
  
• NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 338.49 +1.86: Growth Rate +26.2% +.7 percentage point, P/E 31.4 -1.3
  
• Bloomberg US Financial Conditions Index .56 +2.0 basis points
  
• Bloomberg Euro-Zone Financial Conditions Index .51 -4.0 basis points
  
• US Yield Curve -8.75 basis points (2s/10s) +9.25 basis points
  
• US Atlanta Fed 3Q GDPNow Forecast +2.55% -28.0 basis points
  
• US Recession Within 6 Months Probability(3M/18M Forward Yld Curve Spread) 65.4% unch.
  

• Cleveland Fed Inflation Nowcast Core PCE YoY +2.73% unch.: CPI YoY +3.01% unch.
  
• 10-Year TIPS Spread 2.03 -16.0 basis points
  
• Highest target rate probability for Nov. 7th FOMC meeting: 46.0%(+46.0 percentage points) chance of 4.25%-4.5%. Highest target rate probability for Dec. 18th meeting: 46.3%(+43.7 percentage points) chance of 4.0%-4.25%.
  

Overseas Futures:

• Nikkei 225 Futures: Indicating -1,080 open in Japan 
• China A50 Futures: Indicating -58 open in China

• DAX Futures: Indicating +149 open in Germany

Portfolio:

• Lower:  On losses in my consumer discretionary/industrial/financial/tech/biotech sector longs
  

• Disclosed Trades: Added to my (IWM)/(QQQ) hedges and to my emerging market shorts, then covered some of my (IWM)/(QQQ) hedges
  

• Market Exposure: Moved to 25% Net Long