Bloomberg:
- Xi Doubles Down on Domestic Focus as Relations with U.S. Fray.
- U.K. Faces October Cliff Edge With End of Wage and Loan Support.
- Euro Surge Is ECB’s Newest Complication for Pandemic Economy.
- Asia Shares to Open Mixed After Fresh U.S. Record: Markets Wrap. Asian stocks looked poised for a mixed start despite another record high for their U.S. peers as tech shares advanced and investors snapped up work-from-home winners. Futures rose in Japan and Australia, and declined in Hong Kong. S&P 500 contracts were little changed after gains in Apple Inc. again pulled the benchmark to an all-time high. Zoom Video Communications Inc. earlier led a rally in companies well positioned for stay-at-home orders. The dollar erased losses as data showed U.S. manufacturing expanded last month at the fastest pace since 2018. The euro retreated after breaching $1.20 for the first time in over two years. Treasury yields fell. S&P 500 futures were little changed as of 7:15 a.m. in Tokyo. The index rose 0.8% on Tuesday. Futures on Japan’s Nikkei 225 advanced 0.3%. Hang Seng futures earlier slipped 0.4%. Futures on Australia’s S&P/ASX 200 Index climbed 0.4%.
- Five Things You Need to Know to Start Your Day.
- U.S. Cases Rise 0.7%; Plasma Treatment in Dispute: Virus Update.
- Mnuchin Talks With Pelosi, Signals Urgency on New U.S. Stimulus.
- White House Says CDC Will Halt Evictions Using Quarantine Rules.
- Visa Says U.S. Spending on Cards Up Despite Drop in Jobless Aid.
- Dating App Bumble Preparing for $6 Billion-Plus IPO.
- U.S. Election Priced as Worst Event Risk in VIX Futures History.
Wall Street Journal:
- Key to Preventing Covid-19 Indoors: Ventilation.
- TikTok Deal Talks Hit a Snag Over App’s Algorithms.
- Trump’s Strongest Line of Attack.
- Spare Us More of the Arrogance of ‘Expertise’.
- Trump Visits Kenosha Amid Clash Over Race Relations, Public Safety.
- New York City Delays School Reopening.
- Insurance Firms Gain Early Lead in Coronavirus Legal Fight With Businesses.
- Pentagon Says China Could Double Nuclear Weapons in Decade.
Fox News:
- Panel calls for changes to Washington Monument, Jefferson Memorial.
- EXCLUSIVE: Owner of COVID-shuttered salon in lather after Pelosi gets shampoo and style.
- Ohio school district bans ‘thin blue line’ banners after gridder honored coach.
CNBC.com:
- White House moves to halt evictions as fears of coronavirus-fueled housing crisis grow.
- Stocks making the biggest moves after hours: AMC Entertainment, At Home, Shoe Carnival & more.
MarketWatch.com:
Zero Hedge:
- A Deal To Sell TikTok Probably Isn't Happening Tuesday - Or Any Time Soon.
- Philadelphia Mayor Shamed After Eating Indoors In Maryland While His City Remains Shut Down.
- Systemic Chaos.
- Maryland, Texas Move To Reopen Businesses As Midwestern COVID-19 Hotspots Flare: Live Updates.
- Angry Robinhood Traders Unleash Tsunami Of Complaints.
- Recent Wave Of Job Losses Casts Shadow On Recovery.
- How "Silence Is Violence" Is The Ultimate Expression Of Entitlement.
- "Option Insanity" Leads To Furious Meltup: Apple Bigger Than Russell, Emini New Record High.
- State Department Illegally Monitored Trump Jr., Hannity, Ingraham, Posobiec And Others From Kiev: FOIA.
- Bill De Blasio Says NYC Indoor Dining May Not Happen Until June 2021.
- The True Costs Of Zombie Companies And Easy Money.
Business Insider:
- San Francisco rents are plunging to the lowest levels in 6 years, even as the US housing market stages a comeback.
- Tesla moved into the No. 7 spot for most valuable US companies by market cap.
- A third of Americans say they wouldn't take a coronavirus vaccine.
- A grieving daughter in Wuhan is suing China, saying its early cover-up of COVID-19 killed her father. In response, the authorities reportedly intimidated her family.
The Epoch Times:
- Texas University Expels China-Funded Visiting Scholars Amid US-China Tensions.
- India, China Trade Blame Over New Border Activity as Tensions Remain High.
Digital Blackboard:
Worldometer:
Rt Covid-19:
KFF:
Worldometer:
Rt Covid-19:
KFF:
Night Trading
Morning Preview Links
Earnings of Note
Company/Estimate
Before the Open:
After the Close:
- Asian equity indices are unch. to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 59.75 -1.25 basis points.
- China Sovereign CDS 33.25 -.5 basis point.
- Bloomberg Emerging Markets Currency Index 60.95 +.01%.
- Bloomberg Global Risk-On/Risk Off Index 492.0 +32.0 points.
- Volatility Index(VIX) futures 33.36 -.49%
- FTSE 100 futures +.68%.
- S&P 500 futures +.26%.
- NASDAQ 100 futures +.46%.
Earnings of Note
Company/Estimate
Before the Open:
- (BF/B)/.30
- (GES)/-.58
- (M)/-1.80
- (VRA)/-.07
- (AMBA)/-.02
- (CLDR)/.07
- (CPRT)/.39
- (CRWD)/-.01
- (FIVE)/.14
- (MDB)/-.40
- (PVH)/-2.53
8:15 am EST
- The ADP Employment Change report for Aug. is estimated to rise to 1000K versus 167K in July.
10:00 am EST:
- Factory Orders for July are estimated to rise +6.1% versus a +6.2% gain in June.
10:30 am EST
- Bloomberg consensus estimates call for a weekly crude oil inventory decline of -2,137,300 barrels versus a -4,689,000 barrel decline the prior week. Gasoline supplies are estimated to fall by -2,830,600 barrels versus a -4,583,000 barrel decline the prior week. Distillate inventories are estimated to fall by -694,400 barrels versus a +1,388,000 barrel gain the prior week. Finally, Refinery Utilization is estimated to fall by -4.35% versus a +1.1% gain prior.
2:00 pm EST
- US Fed Beige Book report release.
Upcoming Splits
- None of note
Other Potential Market Movers
Normal:
- The China Services PMI report, German Retail Sales report, weekly MBA Mortgage Applications report, Barclays Tech/Media/Telecom conference and the (COST) Aug. sales results could also impact trading today.
Normal:
- 9:30 am - 4:00 pm EST
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