Evening Headlines
Bloomberg:
- China Targets Vegetable Hoarders After Spinach More Than Doubles.
- How China Is Rolling Out a Property Tax on Homes, and Why.
- Bulls Return to China’s Markets Just as Risks Start to Multiply.
- Brazil Tightens Most in Years, With 150 Points Now and December.
- Bank of Canada Accelerates Potential Timing of Rate Hikes.
- Australia’s Biggest Bank Now Sees First RBA Hike in November ‘22.
- Asia Stocks to Fall; Bond Curves Flag Growth Fears: Markets Wrap.
- Oil Drops as Iran and EU Prepare to Resume Nuclear Talks.
- Democrats Clash on Billionaire Tax as Neal Rejects Senate Plan.
- Anti-Ark ETF Betting Against Cathie Wood Changes Its Name.
- Elon Musk Says Taxing Billionaires Won’t Ease Debt Burden.
- Millions Resign Across America, Rekindling Labor Movement.
- Markets Face an Even Bigger Inflation Test Next Year, Janus Says.
- Tech Hangs Tough as Faltering Reopening Trade Slams Small Caps.
- Bitcoin Slips Below $60,000 as ETF-Related Bliss Evaporates.
- Robinhood Sinks Below IPO Price as Revenue Misses Estimates.
Wall Street Journal:
- Third Point Urges Shell to Split After Taking Big Stake.
- Alec Baldwin Fired Live Round on Set of ‘Rust,’ Sheriff Says.
- China’s Ambitious Climate Goals Collide With Reality, Hampering Global Efforts.
- Where Are the Wuhan Subpoenas? U.S. funding for risky Chinese virus research deserves investigation.
- CFTC Chief Says Recent Crypto Cases Are ‘Tip of the Iceberg’.
- SEC Won’t Approve Leveraged Bitcoin Fund.
- Election-Rigging Claims Fuel Virginia Governor’s Race.
- China’s Hypersonic Missile Test Is Close to ‘Sputnik Moment,’ U.S. Military Chief Says.
Fox News:
CNBC.com:
- CEO of paint-maker PPG says predicting sales is a challenge because of supply chain woes.
- Major business groups prepare to fight new Democratic tax proposals for Biden social bill.
- Ford shatters Wall Street’s earnings expectations, raises yearly guidance on new vehicle demand.
- Retail trade group expects holiday sales to rise by all-time record, despite congested ports.
- Stocks making the biggest moves after hours: Ford, eBay, Twilio and more.
MarketWatch.com:
- Twilio stock dives 13% after weak earnings guidance, COO’s announced departure.
- Starbucks raising pay to at least $15 an hour amid unionization rumblings.
- Here are the companies that Apple’s ad changes are hurting, and the ones that can withstand the pain.
- World’s richest 29-year-old says biggest risk to crypto is ‘a cascade, combining a big crash, liquidations,’ and U.S. regulatory crackdown.
- Cheap, generic antidepressant shows promise in treating early COVID-19.
Zero Hedge:
- Wait Until All These New Homebuyers See Their Property Taxes Go Up Next Year.
- US Coal Stockpiles Slump To Two Decade Low As Power Plant Demand Surges.
- Democrats Nix Paid Leave In Latest Cut To Social Spending Package.
- How Long Until Supply Chains Finally Normalize: Three Things To Watch.
- China Urges US To Immediately Lift Sanctions On Taliban As "Economic Chaos" Looms.
- Taiwan Is A 'Number One Issue' For The CIA’s New China Center.
- Gender "X": US Issues First Passport For People Who Don't Identify As Male Or Female.
- A Global Oil Shortage Is Inevitable.
- Billionaires To Fund "Anti-Disinformation" Media Companies To "Restore Social Trust".
- Bond Market Screams Fed Policy Error, Sparks Huge Value-To-Growth Rotation In Stocks.
Newsmax:
TheGatewayPundit.com:
- VIDEO: Journalist Reads Filthy Porn Book from School’s Library at FL School Board Meeting – Board Members Call Police to Have Him Forcefully Removed for Reading Obscene Content Aloud.
- SICK, EVIL PEOPLE: Buried in FDA Hearing the Editor-in-Chief of NEJM, Dr. Eric Rubin Says, “We’re Never Going to Learn About How Safe It Is Unless We Start Giving It”.
- Doctor Brags on Social Media About Letting Her 4-YEAR-OLD CHILD Be Used as a Human Guinea Pig for Vaccine Testing.
- 70 Percent of COVID-19 Deaths Both in Sweden and UK in September Were “Fully Vaccinated”.
Covid-19(Data, Maps, Graphs):
- Our World in Data: New Global Covid-19 Cases(7-day rolling average graphs). New US Covid Hospital Admissions/ICU Admissions/Deaths
- FT.com: Fully Vaccinated by Country(graph). Global Lockdown Stringency Index(map).
- Bloomberg.com: International Travel Restrictions. Case Graphs by State.
- NYTimes.com: County Trends and Clusters. Local ICU Occupancy.
- Brown School of Public Health: Covid Severity by State/County(map). US Hospital Capacity(region).
- CovidActNow: Covid Severity/Infection Rate by Metro Area.
- KFF: US Vaccinations by Race/Ethnicity.
- Carnegie Mellon: Covid-Like Symptoms in Community. Covid Symptom Searches on Google. Covid-Related Dr.Visits. Restaurant Visits. Wearing Masks. (graphs)
- Safegraph.com: Commerce Patterns(graphs).
Night Trading
Morning Preview Links
Earnings of Note
Company/Estimate
- Asian equity indices are -.5% to unch. on average.
- Asia Ex-Japan Investment Grade CDS Index 79.25 -2.5 basis points.
- China Sovereign CDS 44.75 -.75 basis point.
- Bloomberg Emerging Markets Currency Index 58.39 -.01%.
- Bloomberg Global Risk-On/Risk Off Index 3,274.0 -66.0 points.
- Volatility Index(VIX) futures 19.10 -1.3%.
- FTSE 100 futures +.17%.
- S&P 500 futures +.19%
- NASDAQ 100 futures +.23%.
Earnings of Note
Company/Estimate
Before the Open:
- (AGCO)/1.85
- (AB)/.86
- (MO)/1.26
- (AMT)/2.36
- (BUD)/.57
- (BAX)/.94
- (CAT)/2.21
- (CMCSA)/.75
- (DBD)/.52
- (FSS)/.46
- (FCN)/1.48
- (GPI)/9.04
- (HSY)/2.00
- (ITW)/2.02
- (ICE)/1.23
- (KDP)/.44
- (LH)/4.90
- (MA)/2.19
- (MRK)/1.5
- (TAP)/1.51
- (NEM)/.73
- (NOC)/5.98
- (OSK)/.93
- (PTEN)/-.44
- (BTU)/-.07
- (RS)/5.93
- (SHOP)/1.20
- (SWK)/2.47
- (TROW)/3.31
- (YUM)/1.08
After the Close:
- (AMZN)/8.96
- (AAPL)/1.24
- (COLM)/1.29
- (DECK)/3.90
- (GILD)/1.77
- (MSTR)/1.24
- (MHK)/3.80
- (SKYW)/1.23
- (SBUX)/1.00
- (SYK)/2.28
- (X)/4.93
- (WERN)/.95
- (WDC)/2.44
- (ZEN)/.17
Economic Releases
8:30 am EST
- Initial Jobless Claims for last week are estimated to fall to 289K versus 290K the prior week.
- Continuing Claims are estimated to fall to 2420K versus 2481K prior.
- 3Q GDP Annualized QoQ is estimated to rise +2.6% versus a +6.7% gain in 2Q.
- 3Q Personal Consumption is estimated to rise +.8% versus a +12.0% gain in 2Q.
- 3Q GDP Price Index is estimated to rise +5.3% versus a +6.1% gain in 2Q.
- 3Q Core PCE QoQ is estimated to rise +4.4% versus a +6.1% gain in 2Q.
10:00 am EST
- Pending Home Sales MoM for Sept. is estimated to rise +.5% versus a +8.1% gain in Aug.
11:00 am EST
- Kansas City Fed Manufacturing Activity for Oct. is estimated to fall to 20.0 versus 22.0 in Sept.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Eurozone Consumer Confidence report, ECB meeting, $62B 7Y T-Note auction, weekly EIA natural gas inventory report and the (HPE) analyst meeting could also impact global trading today.
- 9:30 am - 4:00 pm EST
No comments:
Post a Comment