Evening Headlines
Bloomberg:
- China’s Bank Loans Lowest Since 2017 as Economy Slows.
- ‘Value Annihilation’ Haunts Investors in China Property Bonds.
- Asian Equities, US Futures Extend Post-CPI Rally: Markets Wrap.
- FTX’s Sam Bankman-Fried Faces SEC Probe as His Empire Crumbles.
- FTX Implosion Rattles Retail Investors Who Fear Their Money Is Gone.
- FTX Latest: SEC Probes Bankman-Fried as Bahamas Freezes Assets.
- Twitter’s Cybersecurity Chief Is Leaving the Social-Media Company.
- Apple’s $191 Billion Single-Day Surge Sets Stock-Market Record.
- US Inflation Finally Offers Relief, But There’s Still a Long Way to Go.
Wall Street Journal:
- Rise in Consumer Prices Slowed to 7.7% in October.
- Before the Midterms, Biden Abused the Strategic Petroleum Reserve. Its purpose was to protect national security, not to reduce gasoline prices in a political campaign.
- The FTX Crypto Fiasco. Another lesson in the risks of joining a mania in speculative assets.
- Amazon Launches Cost-Cuts Review.
- Juul Secures Financing to Avoid Bankruptcy, Plans to Cut 30% of Jobs.
- Home-Price Growth Slows Under Tide of Rising Mortgage Rates.
- FTX Tapped Into Customer Accounts to Fund Risky Bets.
- Biden, Xi to Meet Monday in Indonesia.
- Silicon Valley Poured Money Into FTX, With Few Strings Attached.
- Apple Supply Crunch on Premium iPhone Threatens to Derail Record Sales Run.
Fox News:
- EXCLUSIVE:Kari Lake lays out odds of being Arizona's governor as vote count continues.
- 4 key races still in limbo that will decide balance of power in Senate.
- Biden's student loan handout dealt major legal blow.
CNBC.com:
- Fed officials welcome inflation news but still see tighter policy ahead.
- Elon Musk tells Twitter staff he sold Tesla stock to save the social network.
- Carl Icahn says he still thinks we are in a bear market despite Thursday’s rally.
- Nearly 2% of healthy infants hospitalized with RSV before first birthday, study finds.
- United gives pilots 5% raises early, citing return to profitability.
- Curb your enthusiasm — Thursday’s explosive rally in stocks likely means the bear market is alive and well.
- ‘Bedazzled by money’: Democratic ties to Sam Bankman-Fried under scrutiny after FTX collapse.
- The rise in food prices slowed in October, but some items increased by up to 43%. So what’s going on?
Zero Hedge:
- Bankman-Fried Faces SEC Probe, FTX Assets Frozen By Bahamas Regulator.
- Loan Demand For Mortgage Loans Crashes To Depression Levels.
- The Election Won't Change Much In DC. The Real Battle Is Now In The States.
- Lawyer For Canadian Commission Investigating Trucker Protests Collapses During Proceedings.
- Conservative Candidates Take Note – DeSantis Dominated In Florida For These Reasons.
- Blizzard Pounds Plains, Midwest; "Polar Vortex" To Unleash Chill Nationwide.
- "Difficult Times Ahead": Musk Says Twitter Bankruptcy Possible As FTC Expresses "Deep Concern".
- Max pain market can't get enough.
- JPMorgan Warns FTX Collapse Will Spark "Cascade Of Margin Calls".
- LA's 'Soros DA' Gets Charges Dropped Against Election Software CEO.
- SBF Issues Mea Culpa: "I'm Sorry... I F**ked Up" As Alameda Research Winds Down Trading.
- Biden Boasts Ukraine Aid To Keep Flowing Even Through GOP-Led House.
- US stocks rocketed and yields dropped by the most since 2009 after softer-than-expected US CPI data - Newsquawk Asia-Pac Market Open.
- Arizona's Maricopa County To Take Until "Early Next Week" To Process 400,000 Ballots.
- US Consumers Will Be Spending Much Less This Holiday Season Because Many Of Them Are Already Tapped-Out.
- CPI Miss Sparks 3rd Biggest Short Squeeze Ever: Stocks, Bonds, Gold Soar As Dollar Crashes.
Newsmax:
TheGatewayPundit.com:
- Brazil’s Ministry of Defense Twitter Issues Statement on Audit Report: “It is not possible to guarantee that the programs that were executed in the electronic voting machines are free from malicious insertions”.
- Maricopa County Now Admits That Over 30% Of Polling Locations Were Affected By Machine Failures, NOT 20% As Previously Stated – But They Want Us To Believe Only 17,000 Ballots Transported For Tabulation.
- EXCLUSIVE: Interview with Dr. Shiva Ayyadurai on Social Media Censorship and the Deep State’s “Limited Hangout” Response and Cover Up.
- That Was Quick… PA Governor-Elect Josh Shapiro Vows to Crackdown on Fracking and Energy Sector in State – Affecting Thousands of PA Jobs (VIDEO).
- Bolton Mocks the First Amendment While Having Reporter Dragged From Event for Questioning Him on WikiLeaks, Iraq, Afghanistan (VIDEO).
- Breaking: Maricopa County Begins Processing Election Day Drop-off Ballots… Still Slow-Walking Ballots – Like a Banana Republic.
- WTH? Sheriff’s Deputies Surround Maricopa County Tabulation Center, Perched On Roof, Barricades and Fence Set Up Around Perimeter.
- Supreme Court Justice Sotomayor Rejects Emergency Appeal From NYC Workers Who Lost Their Jobs Due to Mayor Adams’ Covid Vaccine Mandate.
- RAV’s Ben Bergquam Banned from Maricopa County Press Room After TGP’s Conradson Was Banned from Room – Real News Not Allowed! (VIDEO).
- Emerald Robinson and Mike Lindell Show More “Drop and Roll” Activities in Key 2022 Races.
The Epoch Times:
Twitter:
- @songpinganq - Thread - Chinese government spending billions of US dollars to continuously build massive quarantine camps all over the country. Here are some: 1st Shangdong province. (video)
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 891,607 Reports(+4,043 from prior week) Through October 28th, 2022.
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.
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 +1.75% to +2.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 165.0 -22.5 basis points.
- China Sovereign CDS 80.0 -16.0 basis points.
- Bloomberg Emerging Markets Currency Index 47.37 +.06%.
- Bloomberg Global Risk-On/Risk Off Index 46.9 +2.33%.
- Bloomberg US Financial Conditions Index -.87 +13.0 basis points.
- Volatility Index(VIX) futures 26.0 +1.3%.
- Euro Stoxx 50 futures +.03%.
- S&P 500 futures +.01%.
- NASDAQ 100 futures +.05%
Earnings of Note
Company/Estimate
Before the Open:
- (AQN)/.16
After the Close:
- (SJR)/.36
Economic Releases
10:00 am EST
- The Univ. of Mich. Consumer Sentiment Index for Nov. is estimated to fall to 59.5 versus 59.9 in Oct.
- Univ. of Mich. 1Y Inflation Expectations for Nov. is estimated at +5.1% versus a +5.0% gain in Oct.
Upcoming Splits
- None of note
Other Potential Market Movers
- The (ASML) investor day could also impact global trading today.
- 9:30 am - 4:00 pm EST
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