Around X:
- @Business
- Jared Kushner assured Prime Minister Benjamin Netanyahu that the Israeli army won’t be compelled to withdraw from Gaza until Hamas disarms.
- Stanford University is facing increased scrutiny from the Justice Department over donations from foreign sources and its practices around international students and admissions, according to a senior agency official.
- Meta heads to court over claims it deliberately designed Facebook and Instagram to encourage compulsive use among young users.
- Storage tanks at a massive US fuel depot caught fire after being struck by lightning, threatening supplies across one of the nation’s largest refined products pipeline systems.
- Get up to speed on what's moving global markets.
- Here’s what you need to know to start your day.
- @ZeroHedge
- Entering The Gates Of Lies: Unmasking The Climate Version Of Theranos.
- Deep Capture: The Administrative State's Intellectual Origins.
- Iran War Pushes Middle Eastern Airlines Towards $4.3BN Loss In 2026.
- Diesel crack hits record $102. This is absolutely unprecedented. Industrial economy either grinds to a halt or consumers about to be hit with the biggest energy pass through in history.
- Record Ground Beef Prices May Finally Be Breaking Consumer Demand.
- Parents Are Paying Thousands For Sorority Rush Coaches.
- Colombia Begins Mass Mobilization Against Terror Group As Moscow Warns Of New "Anti-Russia Provocation In Latin America".
- Half Of Typical US Family's Paycheck Swallowed By Housing, Childcare.
- Reddit's Woke WNBA Forum Just Banned Sophie Cunningham's Name Amid Trans Row.
- Geopolitical Reality Has Ended The Rush To Renewables.
- Rand Paul Goes To Fort Knox To Verify That US Gold Stockpile Still Exists.
- "Both Parties Are Whirling Around The Drain Of Extinction...".
- Almost 60% Of Democrats Have A Favorable View Of Socialism.
- Crude & Crypto Rip, Stocks Dip, Yield Curve & Gold Scream 'Policy Error'.
- @CNBC
- CNBC Daily Open: Markets caught between Mideast worries and AI optimism.
- Tuesday's big stock stories: What’s likely to move the market in the next trading session.
- Stock futures are little changed after Wall Street starts the week with losses, hurt by higher oil prices and rising yields: Live updates.
- Anthropic tells investors annualized revenue run rate climbed to $65 billion in July.
- @WallStEngine
- FABRINET $FN Q4’26 EARNINGS HIGHLIGHTS. Revenue: $1.32B (Est. $1.27B) ; +45% YoY. Adj. EPS: $4.10 (Est. $3.82) ; +55% YoY. Oper Income: $134.25M (Est. $137M). Net Income: $139.3M (Est. $139M). Q1 Guide: Revenue: $1.38B-$1.43B (Est. $1.32B). Adj. EPS: $4.10-$4.25 (Est. $3.96). GAAP EPS: $3.39-$3.54.
Night Trading
Morning Preview Links
BOTTOM LINE: Asian indices are mostly lower, weighed down by consumer discretionary and food shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.
- Asian equity indices are -.75% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 67.75 +.5 basis point.
- China Sovereign CDS 36.25 -.25 basis point.
- China Iron Ore Spot 95.50 USD/Metric Tonne +.2%.
- Crude Oil 84.93/bbl. +.5%
- Gold 4,460.30 USD/t oz. -.3%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.32 unch.
- Bloomberg Emerging Markets Currency Index 34.38 -.02%.
- Bloomberg Global Risk-On/Risk Off Index 130.3 +.4%.
- US 10-Year Yield 4.73% unch.
- Japan 30-Year Yield 4.14% +6.0 basis points.
- Volatility Index(VIX) futures 18.1 +.3%.
- Euro Stoxx 50 futures -.27%.
- S&P 500 futures -.23%.
- NASDAQ 100 futures -.50%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by consumer discretionary and food shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.