Evening Headlines
Bloomberg:
- Economists Turn Even More Downbeat on China’s Growth Outlook.
- Asian Loan Volumes Plunge to Six-Year Low on China Slowdown.
- Japan’s Jobless Rate Rises in Slight Negative Signal for BOJ.
- Asian Stocks Set for Gains With Economy in Focus: Markets Wrap.
- Iron Ore’s Unexpected Resilience Shows Pockets of China Strength.
- Oil Steadies Near $80 as Traders Seek Clues on Demand Outlook.
- Citadel Vets 69,000 Intern Applicants to Find Next Math Geniuses.
- Hedge Funds at War for Top Traders Dangle $120 Million Payouts.
- Ex-FTC Commissioner Faces Storm of Sexual Harassment Accusations.
- Goldman Is Selling a Wealth-Advisory Unit to $240 Billion Money Manager.
- San Francisco Fed Bank-Supervision Chief to Depart.
- Musk, Zuckerberg Set to Attend Schumer’s Forum on Future of AI.
- Why Tractor Supply Is One of the Most Interesting Retailers on the Planet.
Zero Hedge:
- Biden's Cringe Whiteboard Presentation Memed Into Oblivion.
- Fists Fly, Bodies Slammed As Antifa Crashes Anti-Migrant Protest At NYC Mayor's Mansion.
- Rising Supermarket Thefts: A Symptom Of Deeper Moral Decline.
- NYU, Columbia And Other Top Med Schools Face Discrimination Complaints By White, Asian Teens.
- The Western World Is About To Deliver Some Very Bad News To Its Young Adults.
- Las Vegas Is A Top Destination For Californians Moving Out Of State.
- Save The Rule Of Law By Destroying It?
- Watch: Big Government Raids Small-Town Amish Farm.
- ChatGPT Topples Joe Biden's "House Of Cards".
- DHS Refuses To Disclose Number Of Illegals Let Go After Interacting With Border Agents.
- Quinn: End Game For The American Empire.
- 5 Months After SVB's Collapse, SF Fed's Bank Supervisor 'Retires'.
- US stocks managed to hold onto their gains while the US curve bull steepened - Newsquawk Asia-Pac Market Open.
- "Way Worse Than Watergate" - All Aboard The Impeachment Express.
- 28th August 2023: Stocks catch a bid with APAC optimism seeping through to Europe and the US.
- Bonds & The Buck Quiet, Stocks Squeeze Higher As Event-Risk-Heavy Week Looms.
Wall Street Journal:
- No Covid Compliance This Time Around. I went along with ‘social distancing’ and avoided my father’s house as he was dying of cancer. Never again.
- You’ve Heard of Quiet Quitting. Now Companies Are Quiet Cutting.
- Biden Rewrites the History of Covid School Closings. The President takes credit for reopening he did nothing to help.
- Storm of Climate Coverage Approaches. U.S. President expected to advance theory despite lack of support from government scientists.
- Americans Are Bailing on Their Home Insurance.
- Student Loans Are Emerging From Deep Freeze, and Borrowers Are Confused.
CNBC.com:
- Goldman Sachs unloads another business acquired under CEO David Solomon
- Google to begin selling maps data to companies building solar products
- Tech IPOs are coming back — now they have to perform
- Bitcoin trading volume is at its lowest in more than four years
- Electric utilities face billions in wildfire liability with aging power lines risking another blaze.
- OpenAI launches ChatGPT Enterprise, the company’s biggest announcement since ChatGPT’s debut.
- Mysterious new California city backed by some of the biggest names in Silicon Valley, report says.
- Hawaiian Electric points finger at Maui County over devastating wildfires, stock jumps 40%.
Fox News:
TheGatewayPundit.com:
- Maui Officials Reveal Cause of the Devastating Wildfires – Blowing Up Leftist Democrats’ “Climate Change” Narrative
- BREAKING: New COVID-19 Vaccines Coming, “We Will FORCE Them on You” | Elijah Schaffer’s Top 5 (VIDEO).
- JUST IN: President Trump SLAMS Far Left DC Judge, Jack Smith and January 6 Committee “Lowlifes” – Will Appeal January 6 Trial Date Set for March 4, ONE DAY Before Super Tuesday.
- EV Fail: Car Dealers Turning Away From Electric Vehicles After Learning Harsh Economics Lesson.
- US-Ukraine Brass Write off Counteroffensive After 57.000 Casualties, Focus on Force-Drafting New Conscripts for 2024.
- ‘Joe the Plumber’ – Man Who Confronted Barack Obama on 2008 Campaign Trail About His Socialist Tax Plan, Dead at 49.
- Colorado Democrats Appoint Marxist Teacher Who Called for ‘FORCEFUL Cultural Revolution’ Against ‘Whiteness’ to State Legislature.
- UPDATE: UNC Graduate Tailei Qi from Wuhan Universtiy in China Identified as Person of Interest in Campus Shooting; Suspect Taken Into Custody.
- Alabama Mayor Calls for Defunding Library Unless They Remove Graphic LGBT Books From Kids Section.
- Dirty Brad Raffensperger Ordered to Testify Against Mark Meadows in Georgia Case – After Raffensperger’s Office Leaked Fabricated Transcript of Trump Call to Far-Left WaPo.
- Vogue Includes Transgender Cyclist on List of ‘Powerhouse Women’ of 2023.
- 41-Year-Old GOP Activist Alexander Talcott Stabbed to Death in His New Hampshire Home.
- Robert F. Kennedy, Jr. Stuns Democrats and Soulless Elites as He Surges to 31% in New Hampshire.
- Is ERIC Using DMV Lists to Create Targeted Unregistered Voter Lists – And Who Gets These Lists?
Twitter:
- @DC_Draino - President Trump’s support among black voters has nearly tripled from 8% to 20%. Now you know why the media is obsessing over the “racially motivated” shooting in Jacksonville. They’re trying to scare black voters back into the Democrat mind prison.
- @zerohedge - "The More You Indict, The More We Unite!" - Black Social Media Erupts For Trump.
- @TheMilkBarTV - They said the quiet part out loud = DEPOPULATION. (video)
- @stillgray - This is the 12th District police station in Chicago. World class city. First world country. (pic)
- @KobeissiLetter - Below is a chart of the US money supply. Since 2020, the US has printed nearly 80% of ALL US Dollars in circulation. To put that in perspective, at the start of 2020 we had ~$4 trillion in circulation. Now, there is nearly $19 TRILLION in circulation, a 375% jump in 3 years. (graph)
- ProdigalThe3rd - Biden’s Green New Deal wasted trillions to cripple US energy independence, while empowering China: US Trade Rep. Katherine Tai: “China’s dominant position in the world market now in [rare earths] means that it is able to turn on the faucet and turn off the faucet …we remain entirely vulnerable to that leverage.” (video)
- @CarolynRyanTV - GEORGIA BREAKING. Gov. Brian Kemp admits to a Republican voter: "If you give anybody a voting machine, they can hack it". The exchange took place today at the 8th district GOP fish fry in Perry, GA. (video)
- @Risemelbourne - Maui The Insanity Continues. Locals are finding Mysteriously Burnt out vehicles located outside the Fire Zones...Somehow, they're Burnt to a crisp, in Liquid Metal Form and are located in between 𝙐𝙉𝘽𝙐𝙍𝙉𝙏 Houses....Something Very Fishy is going on in Hawaii. (video)
- @HumanDilemma_ Maui Fire - NEW FOOTAGE FROM MAUI FIRE. (video) Maui Fire - David Vance: Something very wrong in Maui. (video)
- @alx - For an administration so concerned about a “New COVID variant”, they don’t seem to mind sending Joe Biden out to schools to hack and cough multiple times into his hand while touching the railing and shaking hands with every student in the school. (video)
- @The_Real_Fly - Nearly 99% of the COVID-19 deaths reported by the Centers for Disease Control and Prevention last week were not primarily caused by the coronavirus, new data shows.
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 979,870 Reports(+2,329 from prior week) Through August 11th, 2023.
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.
Night Trading
Morning Preview Links
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and technology shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 75% net long heading into the day.
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 132.0 +1.25 basis points.
- China Sovereign CDS 81.25 unch.
- China Iron Ore Spot 112.6 USD/Metric Tonne +.3%.
- Bloomberg Emerging Markets Currency Index 42.9 +.16%.
- Bloomberg Global Risk-On/Risk Off Index 70.1 +.63%.
- Bloomberg US Financial Conditions Index 27.0 -18.0 basis points.
- Volatility Index(VIX) futures 16.5 +.11%.
- Euro Stoxx 50 futures +.07%.
- S&P 500 futures +.05%.
- NASDAQ 100 futures +.0%.
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and technology shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 75% net long heading into the day.
1 comment:
Regarding: "EV Fail: Car Dealers Turning Away From Electric Vehicles After Learning Harsh Economics Lesson" - I had ShelBot (my BingAI) check this out:
🤓 First, I searched the web for the article’s title and found that it was published by The Western Journal, a conservative news and politics website based in Phoenix, Arizona1. According to AllSides, a media bias rating website, The Western Journal has a right media bias rating, which means it displays media bias in ways that strongly align with conservative, traditional, or right-wing thought and/or policy agendas1. The New York Times reported that The Western Journal has been blacklisted by Google and Apple News, and has been criticized for publishing sensationalized, misleading, or entirely made-up stories, often aimed at Muslims and immigrants2. Ad Fontes Media, another media bias rating website, gave The Western Journal a low reliability score of 25.25 out of 100 and a high bias score of 19.09 out of 1003. These ratings suggest that The Western Journal is not a trustworthy source of news and may have a strong political agenda.
Second, I searched the web for the author’s name, George C. Upper III, and found that he is the editor-in-chief of The Western Journal1. He has also written for other conservative websites such as Conservative Tribune and WND . He does not appear to have any credentials or expertise in journalism or automotive industry. His LinkedIn profile shows that he has a bachelor’s degree in political science and a master’s degree in business administration. He has also worked as a consultant, analyst, and manager for various companies. His background does not indicate that he is qualified to write about electric vehicles or their economics.
Third, I searched the web for the facts and figures presented in the article and found that they are either inaccurate, outdated, or misleading. For example:
The article claims that electric vehicle (EV) sales made up about 6 percent of auto sales in 2022 and were projected to be significantly higher than that in 2023. However, according to EV-Volumes, a global EV sales database, EV sales made up about 9 percent of auto sales in 2022 and are expected to reach 14 percent in 20234. This shows that the article underestimates the growth and popularity of EVs.
The article claims that demand for EVs is falling even as automakers are increasing supply. However, according to InsideEVs, a website dedicated to EV news and reviews, EV sales in the United States increased by 63 percent in the first quarter of 2023 compared to the same period last year5. This shows that the article overstates the decline in demand for EVs.
The article claims that EVs are expensive and require a lifestyle change. However, according to WIRED, a technology magazine, EV prices are dropping as battery costs fall and more models become available6. Moreover, according to IEA, an international energy agency, EVs offer lower operating costs and environmental benefits compared to conventional vehicles7. This shows that the article ignores the advantages and affordability of EVs.
Based on these findings, I conclude that the article is false and biased. It does not provide accurate or balanced information about EVs or their economics. It seems to have an agenda to discourage consumers from buying EVs and to promote fossil fuels.
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Be careful what you read!
I don’t know what’s going to happen as it’s getting so easy to flood the Web with complete BS that seems authoritative and these sites end up quoting each other and, eventually, start to seem legitimate but it’s mainly written by a few guys in their basements who are either wearing tin-foil hats or are in the pocket of some lobbying group. Arm these people with AIs who can 10x their output and we have chaos…
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