Evening Headlines
Bloomberg:
- The Waltons: World’s Richest Family Trims Exposure to Emerging Markets.
- PwC Chairman Says Firms Considering Need to Restructure in China.
- Japan’s Economy Unexpectedly Shrinks on Hit From Weak Yen.
- RBA Prepared to Pause or Return to Outsized Hikes, Minutes Show.
- Surge in Sexual Diseases Adds to Strain on UK Health Service.
- Biden and Xi Finally Met at the G-20 Summit in Bali. Here Are the Key Takeaways.
- What If Everything Goes Wrong At the Same Time?
- Asian Stocks Eke Out Gains Before China Data: Markets Wrap.
- Oil Extends Losses With Demand Fears Overshadowing Tight Supply.
- Bankman-Fried’s Magic Money Box Enriched Vast Crypto Network.
- From Bad to Worse? Next Year’s Economic Risks Are Already Here.
- Biden’s Student Debt Relief Plan Is Blocked Indefinitely by Court.
- FTX Fiasco Sparks Billions of Dollars of Outflows From Exchanges.
- Binance’s Billionaire CEO Casts Himself as Crypto’s New Savior.
- Amazon, Meta Join Ranks of Tech Companies Slashing Thousands of Jobs.
- Soaring US Mortgage Rates Are Discouraging Americans From Moving.
- Easing Rates Won’t Be Enough to Revive Big Tech, Citigroup Says.
Wall Street Journal:
CNBC.com:
- Washington lobbyists sever ties with FTX founder Sam Bankman-Fried after crypto exchange implodes.
- Crypto.com CEO downplays FTX contagion fears, says he’ll prove naysayers wrong as withdrawals rise.
- Flu hospitalizations are surging in the U.S. These states are the hardest hit right now.
- If Sam Bankman-Fried committed fraud, he’ll face the music in the U.S, legal experts say.
- The Dow is outperforming, which could be a sign that the latest stock-market rally will flame out.
- Think his stock-market call is bearish? Trading pioneer Peterffy awaits a steeper, 25% bitcoin plunge amid FTX scandal.
- Berkshire Hathaway discloses stakes in TSMC, Jefferies, Louisiana-Pacific, sending those stocks higher.
- Corporate borrowers risk this ‘biggest shock’ in more than three decades, warns Goldman Sachs.
- Former Point72 fund manager caught up in FTX collapse: ‘I’m pretty disgusted with the space as a whole’.
- Americans have not been this worried about layoffs since April 2020 — and they also see no immediate end to rising prices.
- Realtors expect ‘vulnerable’ commercial real-estate prices to drop in 2023 — as people embrace hybrid work
Zero Hedge:
- Alameda Frontran Crypto Tokens Ahead Of New Listings On FTX.
- Trump Says McConnell 'Blew The Midterms'.
- US Health System Cash Reserves Plummet.
- When Protecting Criminals’ Rights Comes At The Expense Of Victims.
- Life after the furious short squeeze.
- Tech Breakthrough Could Slash Fertilizer Emissions.
- Ukraine Backs UN Vote To Send Israel To International Court While Begging For Arms.
- Russia Price Cap Could Threaten India's Oil Supplies.
- FedEx Freight To Begin Driver Furloughs Next Month.
- US stocks were lower on Monday after unwinding NY morning strength; Biden met with Xi - Newsquawk Asia-Pac Market Open.
- Russians With Dual Citizenship Can Now Be Drafted, New Putin Decree Says.
- 'Dangerous': Expert Pans Move To Donate Guns, Armored Vehicles To Pro-Beijing Solomons Leader.
- Technical Rally Runs Out Of Gas Despite Dovish Drawl From Fed's #2.
- Stocks snap rally streak amid mixed Fed Speak and rising inflation expectations - Newsquawk US Market Wrap.
- Zelensky Visits Kherson, Hailing It As "The Beginning Of The End Of The War".
Newsmax:
- Dick Morris: McConnell, Not Trump, Hurt GOP in Midterms.
- Report: Most Say Cheating Will Affect Election Results.
TheGatewayPundit.com:
- MORE ARIZONA DATA: Only 17% of Maricopa Election Day Voters Were Democrat, Only 23% of Primary Election Day Voters Were Democrat — But Democrats Are Winning 50% of Delayed Election Day Totals? IMPOSSIBLE!
- Coincidence? Zelensky Calls for Peace Just Days After FTX Is Caught Funneling Millions of Ukrainian Aide Dollars to US Democrats.
- Completely Normal: TV Presenters in Brazil and Argentina Collapse During Live Broadcasts (VIDEO).
- THE COVERUP BEGINS: Investigators at DOJ’s Corrupt Southern District of New York Investigating FTX.
- Sen. Cotton Demands Answers on Foreign TikTok Employees in the US.
- World Economic Forum Scrubs FTX Page from Its Website – CEO Was a Speaker at Davos.
- ARIZONA VOTERS: Check Your Ballot Status Now In Case It Needs To Be CURED – Deadline Is Wednesday.
- GP’s Jim Hoft Joins The War Room with Steve Bannon to Discuss the IMPOSSIBLE Arizona Election Results (VIDEO).
- Jeff Bezos to Give Away Most of his $124 Billion Fortune to Charities Fighting Against "Climate Change" (VIDEO).
- Steve Bannon Delivers Rallying Cry to American Patriots to Save the Republic Following Proposterous Midterms (VIDEO).
- Arizona State Senator Wendy Rogers Joins Charlie Kirk Show To Respond To Sunday Night Ballot Drop (VIDEO).
- Massive Brazil Election Protests Continue – Crooks from Brazil Sneek Off to New York, Are Greeted by Protesters.
- US Team Redesigns Crest with LGBTQ+ Rainbow Stripes Ahead of World Cup in Qatar.
The Epoch Times:
Twitter:
- @NextNewsNetwork - Biden makes a statement that should chill every red blooded American to their core, when...
- @TomFitton - And just like that we're "allowed" to ask questions about the safety of the covid vaccines.
- @DrEliDavid - Sorry we called you anti-vaxxers, caused you to lose your jobs, and had your kids thrown out of college. It turns out you were right. (video)
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 894,850 Reports(+3,243 from prior week) Through November 4th, 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 -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 140.75 -8.75 basis points.
- China Sovereign CDS 76.0 +1.5 basis points.
- Bloomberg Emerging Markets Currency Index 47.5 unch.
- Bloomberg Global Risk-On/Risk Off Index 49.1 -.3%.
- Bloomberg US Financial Conditions Index -.73 +4.0 basis points.
- Volatility Index(VIX) futures 25.2 -.8%.
- Euro Stoxx 50 futures -.28%.
- S&P 500 futures +.27%.
- NASDAQ 100 futures +.40%
Earnings of Note
Company/Estimate
Before the Open:
- (ARMK)/.49
- (BERY)/2.15
- (ENR)/.79
- (HD)/4.12
- (DNUT)/.04
- (SE)/-.95
- (WMT)/1.32
After the Close:
- (AAP)/3.34
Economic Releases
8:30 am EST
- Empire Manufacturing for Nov. is estimated at -6.0 versus -9.1 in Oct.
- PPI Final Demand MoM for Oct. is estimated to rise +.4% versus a +.4% gain in Sept.
- PPI Ex Food and Energy MoM for Oct. is estimated to rise +.3% versus a +.3% gain in Sept.
- PPI Final Demand YoY for Oct. is estimated to rise +8.3% versus an +8.5% gain in Sept.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Fed's Cook speaking, Fed's Barr speaking, Eurozone GDP report, China Retail Sales report, weekly US retail sales reports, Bloomberg US Economic Survey for Nov., Jefferies Healthcare Conference, RBC Tech/Media/Telecom Conference, Stifel Healthcare Conference, Stephens Investment Conference, Wolfe Healthcare Conference, (AFL) Analysts Briefing, (PLNT) investor day, (LMND) investor day and the Needham Networking/Communications/Security Conference could also impact global trading today.
- 9:30 am - 4:00 pm EST
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