Evening Headlines
Bloomberg:
- Biden’s Taiwan Gaffes Risk Real-World Consequences.
- Singapore PM Warns of U.S.-China Miscalculation Over Taiwan.
- China Huarong Gets $6.6 Billion Equity Injection in Bailout.
- China’s $6 Trillion Hidden Debt Gets Stress-Tested in Downturn.
- Metaverse Stocks Buzzing in Korea With Multiple ETF Launches.
- Stocks Mixed on Inflation Risks; Treasuries Steady: Markets Wrap.
- Goldman’s Solomon Says Market Greed Is Now Outpacing Fear.
- Wall Street Punishes Retailers That Eat Costs, Defer Price Hikes.
- Schumer Drops Effort to Attach China Bill to Pentagon Bill.
- Top Economists See Biden’s Spending Plan Adding to Inflation.
- Cargill CEO Says Global Food Prices to Stay High on Labor Crunch.
- Salad Chain Sweetgreen Raises $364 Million in Above-Range IPO.
- Blackstone-Backed Service King Flags Cash Crunch, Ability to Pay Debt.
Wall Street Journal:
- Biden Asks FTC to Examine Gas Pricing for Illegal Conduct.
- SEC Investigating Developer of Experimental Alzheimer’s Drug.
- What Went Wrong With Zillow? A Real-Estate Algorithm Derailed Its Big Bet.
- Biden EV Tax Credit Puts UAW Over Environment, Nonunion Auto Makers Say.
- U.S. Drug Overdose Deaths Hit Record High.
- Apple to Launch Self-Service Repair Program in 2022.
- ‘Woke’ Is a Bad Word for a Real Threat to American Democracy. In authoritarian regimes, vengeance and coercion stand in place of justice and reason. I’ve seen it before.
- ‘Rust’ Crew Member Alleges Baldwin Was Reckless, Safety Rules Ignored.
- In Taliban-Run Kabul, Beauty Salons Fear for Their Future.
- Iran’s Stockpile of Near-Weapons- Grade Nuclear Fuel Grows, U.N. Says.
- U.S. Should Restrict Investment in China Due to Security Concerns, Panel Says.
Fox News:
- Fight for Rittenhouse mistrial intensifies as defense team spars with prosecutors over key drone footage.
- Biden's radical pick for Treasury once arrested at T.J. Maxx: Read the details.
- PHOTOS: Protesters circle courthouse as trial heats up after two days with no verdict.
- GOP defeats Obama-endorsed candidate in deep blue city that Biden won handily.
CNBC.com:
- Cisco reports disappointing revenue and issues forecast that misses estimates.
- Nvidia data center sales grew 55% on demand for artificial intelligence chips.
- Here’s why identity software firm Okta plans to open a retail location in New York City.
- Chobani files to go public through initial public offering as its yogurt sales rise.
- Stocks making the biggest moves after hours: Nvidia, Cisco Systems, Victoria’s Secret and more.
MarketWatch
- A ‘Made in America’ tax credit — what car buyers considering a Tesla, Rivian or other EVs need to know about Build Back Better.
- Opinion: Nvidia gets a jump on its rivals in the metaverse with the most focused and fleshed-out strategy.
- How Apple’s buyback party could continue for 15 more years.
- Opinion: Gen Z is wildly unrealistic about how much money stocks, crypto and other investments will give them for retirement.
Zero Hedge:
- Worldwide Search Trend For "Died Suddenly" Spikes To Record Highs.
- House Censures Rep. Gosar, Strips His Committee Seats Over AOC Animé Video.
- Rittenhouse Lawyers To Ask For Mistrial Over Withheld Evidence; Jury Ends Day With No Verdict.
- OSHA Suspends Enforcement Of Vaccine Mandate After Court Block.
- FBI/CDC Launch Probe After "Questionable Vials" Labeled 'Smallpox' Found In Philly Lab.
- The Metaverse - Much, Much Bigger Than Facebook.
- Bond Market's Historic Duration Ties Fed's Hands.
- Watch: Sen. Ted Cruz Grills DHS Head Over Illegal Immigrant Kids In "Biden Cages".
- Cargill CEO Ditches 'Team Transitory', Warns Of Persistent Food Inflation.
- 8 Dead, 80 Infected In Fully-Vaccinated Connecticut Nursing Home.
- It's Begun – Get Ready To Pay Much Higher Prices For Meat From Now On.
- Reuters Ratio'd Into Oblivion After Fact Check Fail Defending Bill Gates.
- Rivian Routed, Small Caps Slammed As Bonds, Bitcoin, & Bullion Bounce.
Newsmax:
- Sen. Graham: Joe Biden’s Afghanistan Decisions Were a Clear ‘Dereliction of Duty’.
- Taliban Hold Military Parade With US Weapons in Show of Strength.
- UN Envoy Says Islamic State Now Appears Present in All Afghan Provinces.
- Sen. Ernst: Biden 'Gave His Backbone Away' to Xi Jinping.
- Rep. Jordan: ‘As We Speak, The FBI Is Spying on Parents’.
TheGatewayPundit.com:
- BREAKING: Pentagon Threatens Oklahoma Over Vaccine Mandate — May Lose National Guard Status and Label Them “Militia”.
- SHOCKING New England Journal of Medicine Study: Vaccine Immunity Wanes Against COVID Virus After ONLY 2 MONTHS.
- Pelosi Spotted Maskless at Swingers Bar in Dupont Circle in Violation of DC Mask Mandate (VIDEO).
- VIDEO: Marjorie Taylor Greene GOES OFF on GOP Leadership for Supporting Dirty RINOs But Tossing her and Rep. Paul Gosar Under the Bus.
- Rep. Lauren Boebert Goes Scorched Earth On Dems: “The Jihad Squad member from MN” and Rep. Eric Swalwell For “Sleeping with (Chinese Spy Fang-Fang) the enemy!” [VIDEO].
- Rittenhouse Judge Blasts Media For ‘Grossly Irresponsible Handling’ of Trial (VIDEO).
- Texas Doctor Resigns After Hospital Suspends, Investigates Her For Warning About Covid Shots, Promoting Ivermectin.
- “Objective Journalism Is Not Feasible Anymore:” Project Veritas Whistleblower Exposes CBS Affiliate’s Depraved Diversity Training (Video).
- “Q Shaman” Sentenced to 41 Months in Prison For Non-Violent Offense After He Was Allowed Inside US Capitol by Police.
- FBI Raids Home of County Clerk and Whistleblower Tina Peters — The State Official Who Refused to Wipe Election Data from Computers Without Making a Copy.
- COMPLETE SURRENDER: Biden Talks to China’s President Xi on 3.5 Hour Phone Call and Never Brings Up COVID.
The Epoch Times:
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 -.25% to +.25 on average.
- Asia Ex-Japan Investment Grade CDS Index 88.25 -1.0 basis point
- China Sovereign CDS 52.25 -.25 basis point.
- Bloomberg Emerging Markets Currency Index 56.47 -.44%.
- Bloomberg Global Risk-On/Risk Off Index 3,185.0 +27.0 points.
- Volatility Index(VIX) futures 20.3 -.1%.
- Euro Stoxx 50 futures +.01%.
- S&P 500 futures +.06%
- NASDAQ 100 futures +.16%.
Earnings of Note
Company/Estimate
Before the Open:
- (BABA)/12.44
- (BJ)/.81
- (J)/1.57
- (CSIQ)/.13
- (JD)/2.02
- (KSS)/.70
- (M)/.33
- (WOOF)/.18
- (PLCE)/4.40
- (VIPS)/1.52
After the Close:
- (AMAT)/1.96
- (INTU)/.99
- (NUAN)/.20
- (PANW)/1.57
- (POST)/.96
- (ROST)/.77
- (WSM)/3.10
- (WDAY)/.85
Economic Releases
8:30 am EST
- Initial Jobless Claims for last week are estimated to fall to 260K versus 267K the prior week.
- Continuing Claims are estimated to fall to 2120K versus 2160K prior.
- The Philly Fed Business Outlook Index for Nov. is estimated to rise to 24.0 versus 23.8 in Oct.
10:00 am EST
- The Leading Index for Oct. is estimated to rise +.8% versus a +.2% gain in Sept.
11:00 am EST
- The Kansas City Fed Manufacturing Activity Index for Nov. is estimated to fall to 28.0 versus 31.0 in Oct.
Upcoming Splits
- (ANET) 4-for-1
Other Potential Market Movers
- The Eurozone CPI report, weekly Langer Consumer Comfort Index, weekly EIA natural gas inventory report, JPM Securities Financial Services/Real Estate Conference, (SYK) analyst meeting, (ZEN) investor day, (TDOC) investor day and the (IR) analyst meeting could also impact global trading today.
- 9:30 am - 4:00 pm EST
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