Today's Headlines

Bloomberg:

• China ‘Testing Us All,’ Biden Tells Indo-Pacific Leaders’ Summit.
• Biden Administration to Prepare Ban on Chinese Car Software.
• Wall Street Powers Harris’ Cash Haul as Musk Gives Big to GOP.
• Chipmaker Qualcomm to Explore Takeover of Intel.
• GM Plans Layoffs of Two-Thirds of Workers at Kansas Factory.
• These Are the Best B-Schools in the World Valuation Angst Is Being Stoked by Fed’s Big Cut.
• Fed Is About to Get Validation for Its Jumbo Rate Cut.
• Valuation Angst Is Being Stoked by Fed’s Big Cut.
• Hedge Fund Titans Breed a $14 Billion Pack of Startup Cubs.

Zerohedge:

• MSM Journos Inadvertently Reveal Shocking Truth About Global Warming.
• Hartnett: How To Tell If The Fed's Jumbo Rate Cut Blows Up In Its Face.
• Zelenskyy Says Ukraine "Victory Plan" Includes Deep Strikes Into Russia With Western Missiles.
• The Sins Of The Gray Lady (Or Why The Press Hates You).
• Kamala Campaign Claims She's "Too Busy" To Do Any Interviews.
• "I Thank God": Heroic Woman Saves Arkansas Trooper From Attack By Drunk Illegal Alien.
• The Pittsburgh Paradox Could Hand PA To Trump.
• "No Americans": Insider Of Alleged Trafficking Network Reveals How Migrants Ended Up At Charleroi, PA Factory.
• Watch: 50 Kids Loot 7-Eleven In Beverly Hills For Candy & Snacks.
• Microsoft-Owned LinkedIn Using People's Data To Train Artificial Intelligence Models.
• The Silent Insurrection: General Milley's Hand On January 6.
• Behind The $215 Billion Data Center Boom: Here's Who Makes All The Key Components.
• Time For China To Turn On The Printing Press.
• EU Leadership Urges Europe To Be Ready To Fight Russia In 6-8 Years.
• Beautiful broadening.
• Serious Progress On The Horizon For Release Of The JFK Files?
• ICE Detains Illegal Migrant Accused Of Raping Pre-Teen In Nantucket...More Than A Month After He Walked On Bail.
• The Democrats' War On America, Part One: What "Saving Our Democracy" Really Means.
• Progressive Policy Backfire Turns Liberals Into Gun Owners.
• It's A Mad, Mad, Mad, Mad Fake Presidential Race.
• Taxpayers Left In The Dust On Policy For Trans Inmates In Minnesota.
• Federal Judge Extends Freeze On Biden Admin's Newest Student Loan Forgiveness Plan. 
• Woke Panic: Civil Rights Groups Demand That Corporations Stop Cutting DEI Programs.
• Harris Allies Continue Calling Trump "Threat To Democracy".
• Bank Deposits & Money-Market Funds See Sizable Outflows As Stocks Surge.
• "If Someone Breaks In My House, They're Getting Shot" - Kamala & Oprah's Celebrity Lovefest Almost Ignored By Legacy Media.
• Stocks chop on quad-witching while dovish Waller lifts bonds - Newsquawk US Market Wrap.
• 'Mad To The Max': It's Not Red Vs Blue, Its Sane Vs Insane.
• Gold, Oil, & Crypto Soar As Fed Slashes Rates With Stocks At Record Highs.

 WSJ.com:

• Intel’s Fall From Global Chip Champion to Takeover Target.
• Sorry, the Fed Can’t Save Us From a Bear Market.
• What It’s Like to Retire in Rural America.
• Israeli Strike Decimates Hezbollah Military Leadership.
• The Work From Home Free-for-All Is Coming to an End.
• It’s the Year 2030. What Will Artificial Intelligence Look Like?

Barron's:

• Had bullish commentary on (ADBE), (LVMUY) and (CFRUY).

CNBC:

• Intel’s wild week leaves Wall Street more uncertain than ever about chipmaker’s future.
• Boeing machinists on picket lines prepare for lengthy strike: ‘I can last as long as it takes’.
• FBI agents have boarded vessel managed by Synergy Marine Group whose other cargo ship collapsed Baltimore bridge.
• How Elon Musk hopes his new supercomputers will boost his businesses.
• Apple iPhone 16, Apple Watch Series 10 and AirPods 4 debut around the world.
• Why more men are dropping out of the workforce.
• How this ‘Bachelor’ star turned reality TV fame into a small influencer fortune.
• Constellation Energy to restart Three Mile Island nuclear plant, sell the power to Microsoft for AI.

MarketWatch.com:

• Stocks head for first September gain in 5 years. Why more good times could lie ahead. 
• 14 retail stocks that are firing on all cylinders.

NewsMax:   

• House Speaker Johnson: Trump 'Unshakable' Amid Threats.
• Trump Warns Illegal Voters They'll Face Jail Time.
• Report: Ex-NYC COVID Czar Sex Partied During Pandemic.

Fox News:

• Trump confronts major fear after second assassination bid that's unrelated to the election.
• The 'impact' in crime-ridden liberal city after cops dress up like chickens.
• Fetterman makes an admission to Democrats as the election approaches.
• Russia promotes lunchtime intercourse to help produce more babies.

TheGatewayPundit.com: 

• GAME-CHANGER! The IRS Union Endorses Kamala Harris.
• KAMALA’S AMERICA: Violent Squatters Take Over Massive Mansion in Wealthy Los Angeles Neighborhood and Turn it into a Total Dump While Attacking Neighbors (VIDEO).
• HOW IRONIC: Gun Sales in America Skyrocketing Thanks to Democrats.
• White House Correspondents’ Association Outraged Over Joe Biden’s Secretive Quad Meetings with World Leaders at Delaware Home.
• UN General Assembly Votes to Make Old Jerusalem Jew-Free – Orders Jews Out of the Old City.
• President Trump Holds Rally in North Carolina- “This Election is About the Economy, This Election is About the Border.” (VIDEO).
• European Consumers Reject Electric Vehicles – Sales in Germany Collapse by 70% – Manufacturers Warn Against EU’s Insane Petrol Car Ban in 2035. 
• SICK: Bill Maher Admonishes His Audience as They Laugh Hysterically at Failed Trump Assassinations (VIDEO).
• Kamala Harris Faces Fierce Criticism from CNN: Could This Be a Turning Point in Her 2024 Campaign?
• Kamala Harris Advisor Offers Pathetic Excuse Why Candidate Is Avoiding Interviews (VIDEO).
• Venezuelan Electoral Crisis: Enrique Márquez Leads Effort to Overturn Maduro’s Victory.
• Waste of the Day: The Rich Get Richer Under Biden’s Tax Credits.
• Ashli Babbitt’s Family Must Wait Nearly Two Years For Wrongful Death Lawsuit to Go to Trial.
• Outcry Erupts as California Prepares to Release ‘Pillowcase Rapist’ Who Terrorized Dozens of Women.
• New Polling Indicates a Dead Heat in Virginia – Still in Play for Trump.
• Young Woman Who Left Democrats After Volunteering at DNC Says Big Money and Donors Now Control the Party (VIDEO).
• REPORT: Democrats Quietly Panicked About Non-Endorsement of Kamala Harris by Teamsters Union.
• Early Voting Underway in Virginia: Trump Supporters Dominate Polling Location in Fairfax County (VIDEO).
• Watch: Kamala’s Husband Blames Biden, Says She Bears No Responsibility for Joe’s Failures in Major Betrayal.
• HERE WE GO: Voters in Montgomery County Receive Ballots with Incorrect Names.
• Italian Parliament Begins Drafting Law To Treat Violent Sex Offenders With Chemical Castration.
  

Epoch Times:

• China Likely to Miss Growth Target as Economy Slows in 3rd Quarter.
• US Navy Directed to Prepare for War With China by 2027.

Around X:

• @elonmusk

• Wow. (video)
• Bravo. (video) 
• Staggeringly bad waste of money. (video)

• @CharlieKirk11

• This is nuts. Who is running the country?! Absolutely NO ONE elected Jill Biden. (video)

• @joma_gc

• Tim Walz: “We can’t afford four more years of this.” Kamala is in office right now. She’s the “this”. (video)

• @SaraCarterDC

• REPORTS OUT Of ISRAEL: Thousands of Israeli reservists are being called up to their units right now. Nazareth was hit by a rocket. News Developing
  @beholdisrael reports. (video)

• @JesseBWatters

• Why is a @SecretService agent, involved in the Trump assassination attempt, hiring an anti-Trump deep state lawyer? What’s his agenda? (video)

• @TONYxTWO
  

• Tens of people show up for Kamala Harris in Atlanta, Georgia today!!! Embarrassing. (video)

• @officer_Lew

• BREAKING: Arizona Supreme Court rules nearly 98,000 people whose citizenship documents hadn't been confirmed can vote in all races. Arizona was decided by 11,000 votes in 2020. Could literally decide who wins the POTUS race.

• @cb_doge
  

• Elon Musk endorses Trump, and then this happens: • Secret Service probes Elon over a joke he posted. • California Governor wants to take legal action against Elon for posting a meme. • FAA propose $633,009 in civil penalties against SpaceX. • SEC intends to seek sanctions against Elon in Twitter probe.

• @CollinRugg
  

• NEW: Black undecided voters in Georgia say the economy was better under Donald Trump, think Kamala Harris is weak. The focus group was conducted by Daily Mail pollster J.L. Partners' James Johnson. The voters voiced their concerns that Harris is a "weak" leader who keeps changing her positions. Some notable quotes from the focus group: (video)
  

• @ImMeme0

• There is a huge difference between someone who was elected and someone who was selected. (video)
• The woman featured during an Oprah Winfrey town hall endorsing Kamala DROPPED a new video to announce who she supports for the next president. (video)

• @amuse

• WEAPONIZATION: Today Biden-Harris's SEC told Reuters that intends to seek sanctions against Elon Musk in its unfounded Twitter probe. Biden made it clear he wanted every agency to target the billionaire and he got his wish. Can you name a single agency not targeting Elon or one of his companies? The Biden-Harris Department of Education is reportedly investigating Elon's plans to open the Ad Astra school in Bastrop, Texas. (video)
• DEI: General Milley instituted a policy to warn 10,000 Army soldiers they would be identified as domestic terrorists if they revealed their Christian faith and pro-life views. The Army refused to tell @mattgaetz if anyone was separated or disciplined for being Christian. (video)
  

• @stillgray
  

• J.D. Vance slams NATO and the EU for trying to censor and control Elon Musk and X over free speech. "It's insane that we would support a military alliance if that military alliance isn't gonna be pro-free speech. I think we can do both but we've got to say American power comes with certain strings attached, one of those is respect free speech--especially in our European allies." (video)

• @WallStreetApes

• OHIO CORRUPTION. Springfield Ohio resident reveals what’s really going on Money getting funneled to NGOs and Executives getting FILTHY RICH. “The Vice President of First Diversity drives a Maserati. He just recently spent a half million cash on a farm — His wife owns a bakery across the street from or they just bought a property across the street from her bakery. This guy makes a $150k- $200,000 a year in driving a Maserati as a company car.” (video)

• @ChuckCallesto

• BREAKING REPORT: State Department deems Haiti TOO DANGEROUS to travel to. Yet DEMS want you to BELIEVE Springfield, Ohio is safe…

• @TonySeruga

• North Carolina Judge Declines to Block Digital IDs for Voting Digital identification will still be allowed to be used by North Carolina voters, a judge in the state ruled on Sept. 19. Personal Note: In August, the board approved letting students and workers from the University of North Carolina Chapel Hill to use digital identification. This is ripe for fraud.

• @IGSquawk 

• Weekend markets update: #DAX 18730 -0.04% #DOW 42051 +0.01% #NASDAQ 19775 -0.02% #FTSE 8203 -0.01% #HANGSENG 18182 +0.01% #GBPUSD 13323 +0.00% #EURUSD 11161 -0.02% #USDJPY 14389 -0.02% #GOLD 2622 +0.00.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 1,014,172 Reports(+797 from prior report) Through September 6, 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

Around X:

• @elonmusk

• His best ad ever. (video)

• @RealMacReport

• President Trump reacts to Iran hacking his campaign: "This isn't a hoax, this is real. They hacked my campaign, they spied on my campaign, and gave the information to Kamala." (video)

• @nicksortor

• #BREAKING: Sean “Diddy” Combs has been placed on SUlClDE WATCH, per PEOPLE. This comes just as Diddy’s bail was denied for a 2nd time. Coincidentally, Jeffrey Epstein, who was in the custody of the same jailers who current hold Diddy, “committed su*cide” just days after being placed on su*cide watch. I find it harder and harder to believe Diddy will make it to trial with each passing day. (video)

• @robbystarbuck

• Kamala’s response about how to stop illegal immigration is always a non-answer where she brags that she was once attorney general of a border state. What she doesn’t say is that she told illegals she "would fight for them" when she was AG and later pledged to cut ICE funding. She also later pledged to fully eliminate ALL detention centers and force taxpayers to fund sex changes for illegals who identify as trans. When she was AG California continued to allow illegals to flood into our country and she fought Trump who was trying to build a wall and deport people who broke into our country. Kamala has one of the worst records on border security in the history of the United States. The fact that anyone pretends otherwise is nuts. (video)

• @nataliegwinters
  

• The “Republican” Springfield Mayor who doesn’t want Trump visiting his city is a Democrat donor. (pic)

• @LeadingReport

• BREAKING: Whistleblower seemingly suggests the second ass*ssination attempt on Trump could have been an inside job by the Secret Service, as they were aware of “vulnerabilities” in the fence line surrounding the course.

• @LauraLoomer

• SCOOP: Kamala Harris downgrades venue for her Georgia event today TWICE due to low attendance. Kamala is having some type of event at the Cobb Energy Performing Arts Center in Atlanta, Georgia today. I know someone who is doing the setup for the event and they have told me that the @KamalaHarris campaign has now downgraded the space for the event TWICE, from the stadium, to the auditorium, and now to the ball room because Kamala Harris’s campaign can’t get enough people to attend her event in Georgia 6 weeks out from the general election. The ball room has a max capacity of 650 people.

• @scrowder
  

• BREAKING: Former @NYCMayorsOffice Covid Czar Dr. Jay Varma Admits He ‘Forced' Vaccinations on Public by Making Their Lives "Uncomfortable" "I'm gonna make it really fu*king hard to be unvaccinated." “I actually was the one who convinced the Mayor to make it a mandate[vaccine].” “The way we do it in public health is we make it very uncomfortable to be unvaccinated.” ‘You can’t get a job, you can’t go to a restaurant, your kids can’t go to school...it’s like fu*k it, I’m just going to get vaccinated.” “You force people by making it really uncomfortable.” (video)
  

• @EndWokeness

• Gov. Newsom slams Proposition 36: "It would bring us back to the 1980s. The impact this will have on black and brown residents is next level." 71% of California voters are planning to support the measure, which jails drug traffickers and shoplifters. (video)

• @ShadowofEzra
  

• The ABC whistleblower, who alleged that Kamala Harris was given the Presidential debate questions in advance by ABC News, has officially filed a complaint with the SEC today. The Securities and Exchange Commission has confirmed receiving two complaints against Disney, ABC News’ parent company. The complaint accuses ABC News and Disney of colluding with the Kamala Harris Presidential Campaign to manipulate the September 10, 2024, debate and influence the outcome of the 2024 Presidential Election. (pic)

• @CollinRugg
  

• NEW: Kamala Harris is asked about her plan to lower the cost of living, says she will do that by lowering the cost of necessities. Remarkable. (video)
• BREAKING: Tim Walz’s former National Guard colleague claims a classified nuclear manual went missing around the time Walz returned from a trip to China. According to Alpha News, Walz’s former colleague believes Walz stole the nuclear SOP manual. The colleague says Walz was one of the only people with access to where the manual was stored. (pic)
  

• @jorma_gc

• Kamala is holding a “special event” with Oprah Winfrey right now and is having a hard time getting over 10,000 live viewers. Vivek Ramaswamy who isn’t running for anything, is talking to people in Springfield, OH and has 40,000 live viewers.

• @MJTruthUltra

• I thought this was a joke… but it’s sadly real.. Dr. Lindsey Doe here is an “Educator” and she’s teaching people that Pedophilia is a sexual orientation… Keep eyes on everything your children consume… predators and groomers are everywhere. (video)

• @EricLDaugh
  

• Trump pulls a 8-POINT NATIONAL LEAD in Rasmussen's daily tracker. (graph)

• @stillgray
  

• Is the FBI covering things up? Ron DeSantis tells Laura Ingraham that the FBI are being completely uncooperative in the state of Florida’s investigation into the second attempt on Trump’s life despite having jurisdictional authority. (video)

• @WallStreetSilv

• They claim unrealized capital gains will only be for rich people. But that is what they also claimed for the income tax in 1913, on rich people would pay it. Gradually they change the limits and everyone pays it. (video)

• @VigilantFox

• How was Ryan Routh, “a man with no money for child support,” able to suddenly start living in a pricey house in Hawaii and afford flights to Taiwan, Turkey, Poland, Ukraine? Why has Routh “never served a day in jail” when he has “100 different counts” to his name? Why was Routh's fiance okay with him flying to Ukraine for months at a time? How was he able to feed himself in Ukraine when he only had “$68 in [his] bank account.” “And everywhere he goes, he gets press from the local papers to the New York Times to Newsweek.” The whole thing stinks, and it suggests that someone other than his “fiance” was supporting him. (video)
  

• @VernonForGA
  

• I keep telling yall about Kamala! Now look for yourselves. Kamala at the end of her interview with the National Association of Black Journalists (NABJ). She couldn’t get out of there fast enough. Kamala left frowning (She’s a mean woman). I swear they were limited in their scope of questions. This is the problem. She’s been let off the hook so much, you can’t ask her substantive questions. And look at the journalists faces at the end. This one didn’t go so well. (video)

• @SarahisCensored

• Records through a FOIA provided by the CDC - A Thread. I cannot make it clear enough how important this is. And how important it is that the American people SEE THIS. So here it is: A Vacc*nated VS Unvacc*nated Study done by yours truly, the CDC.. (graph)

• @KanekoaTheGreat

• JUST IN: FCC Commissioner @BrendanCarrFCC slams Vice President Kamala Harris's $42 billion broadband initiative, saying it hasn't connected a single person to the internet in 3 years."In 2021, VP Harris agreed to lead a $42 billion effort to expand internet access to millions. It's been 1,039 days, and no one has been connected—no homes, no businesses, not even a shovel in the ground."
  

Stocks Slightly Lower into Final Hour on Escalating Mid-East Regional War Fears, Earnings Outlook Jitters, Technical Selling, Transport/Homebuilding Sector Weakness

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 39.0 -.17%
• 3-Month T-Bill Yield 4.66% -7.0 basis points
  

• China Iron Ore Spot 90.8 USD/Metric Tonne -.9%
• Dutch TTF Nat Gas(European benchmark) 34.4 euros/megawatt-hour +4.1%

• Citi US Economic Surprise Index -8.5 +.3 point
  

• Citi Eurozone Economic Surprise Index -26.8 +1.0 point

• Citi Emerging Markets Economic Surprise Index -7.5 -.2 point
• S&P 500 Current Quarter EPS Growth Rate YoY(7 of 500 reporting) +5.6% -7.3 percentage points
  
• S&P 500 Blended Forward 12 Months Mean EPS Estimate 266.66 +.06:  Growth Rate +14.2% +.1 percentage point, P/E 21.4 unch.
  
• S&P 500 Current Year Estimated Profit Margin 12.66% unch.
  
• NYSE FANG+ Current Quarter EPS Growth Rate YoY(0 of 10 reporting) n/a n/a
  
• NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 350.63 +.21: Growth Rate +23.1% unch., P/E 32.7 -.2
  
• Bloomberg US Financial Conditions Index .65 +15.0 basis points
  
• Bloomberg Euro-Zone Financial Conditions Index .70 +2.0 basis points
  
• US Yield Curve 15.25 basis point (2s/10s) +1.75 basis points
  
• US Atlanta Fed 3Q GDPNow Forecast +2.93% unch.
  
• US Recession Within 6 Months Probability(3M/18M Forward Yld Curve Spread) 65.5% -1.2 percentage points
  

• Cleveland Fed Inflation Nowcast Core PCE YoY +2.77% unch.: CPI YoY +2.27% unch.
  
• 10-Year TIPS Spread 2.15 -1.0 basis point
  
• Highest target rate probability for Dec. 18th FOMC meeting: 50.1%(unch.) chance of 4.0%-4.25%. Highest target rate probability for Jan. 29th meeting: 41.5%(-2.1 percentage points) chance of 3.75%-4.0%. (current target rate is 4.75-5.0%)
  

Overseas Futures:

• Nikkei 225 Futures: Indicating +467 open in Japan 
• China A50 Futures: Indicating -21 open in China

• DAX Futures: Indicating +191 open in Germany

Portfolio:

• Higher:  On gains in my tech/utility/industrial sector longs
  

• Disclosed Trades: None
  

• Market Exposure: 100% Net Long
  

Bear Radar

Style Underperformer:

• Small-Cap Value -1.1%
  

Sector Underperformers:

• 1) Homebuilding -2.4% 2) Road & Rail -2.1% 3) Steel -2.1%

Stocks Falling on Unusual Volume: 

• LEN, INOD, DAVA, CHWY, VTRS, NVO, FRO, RIVN, MBLY, FDMT, MLKN, FDX, APLS and SOC
  

Stocks With Unusual Put Option Activity:

• 1) FDX 2) CARR 3) YOU 4) HTZ 5) ITB
  

Stocks With Most Negative News Mentions:

• 1) APLS2) FDX 3) MLKN 4) VFS 5) SAGE
  

Sector ETFs With Most Negative Money Flow:

• 1) XLF 2) XLP 3) XBI 4) XLK 5) XLI

Charts:

• ETFs Falling on Unusual Volume
• Stocks Falling on Unusual Volume

Bull Radar

Style Outperformer:

• Large-Cap Growth -.3%
  

Sector Outperformers:

• 1) Computer Services +1.0% 2) Networking +1.0% 3) Utilities +.8%

Stocks Rising on Unusual Volume:

•  CEG, NNE, VST, BYRN, SMR, APGE, LEU, GME, MASI, CCJ, SBGI, CNTA, MIR, CRWD, SLVM, NRG, POWL, ALAB, SMMT, CNX, MTRX, IRDM, GPCR, TLN, BE, SIRI, CMP, UNFI, BTU, BWXT, PEG, NUVL, FTI, SKX, WEAV and NTCT
  

Stocks With Unusual Call Option Activity:

• 1) OKLO 2) FDX 3) CEG 4) GENI 5) EXC

Stocks With Most Positive News Mentions:

• 1) VST 2) CRWD 3) OKLO 4) CEG 5) BE
  

Sector ETFs With Most Positive Money Flow:

• 1) SMH 2) TDIV 3) KRE 4) FTXL 5) FIW
  

Charts:

• ETFs Rising on Unusual Volume
• Stocks Rising on Unusual Volume

Monday's Earnings/Economic Releases of Note; Market Movers

Earnings of Note 
Company/Estimate 

Before the Open:

• None of note
  

After the Close: 

• (AIR)/.82
  

Economic Releases

8:30 am EST

• The Chicago Fed National Activity Index for Aug. is estimated to rise to -.2 versus -.34 in July.

9:45 am EST

• The S&P Global US Manufacturing PMI for Sept. is estimated to rise to 48.6 versus 47.9 in Aug.
• The S&P Global US Services PMI for Sept. is estimated to fall to 55.3 versus 55.7 in Aug.
• The S&P Global US Composite PMI for Sept. is estimated to rise to 54.7 versus 54.6 in Aug. 
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Fed's Bostic speaking, Fed's Kashkari speaking, Fed's Goolsbee speaking, BofA Financials CEO Conference, RBC Industrials Conference, (FDX) annual meeting, (GIS) annual meeting and the Oppenheimer Sustainability Conference could also impact global trading on Monday.

US Equity Market Hours

• 9:30 am - 4:00 pm EST