Evening Headlines
Bloomberg:
- Israel Latest: Biden Says Gaza Hospital ‘Must Be Protected’.
- ICBC Flies Top Executives to US in Race to Contain Hack Fallout.
- China’s Economic Recovery Is Losing Momentum, Data Show.
- PE Firms Get Trapped in China After $1.5 Trillion Betting Spree.
- Asia Stocks Rise Before US Inflation, Fed Speakers: Markets Wrap.
- Oil Extends Relief Rally on Positive Fuel Consumption Signals.
- Wall Street Divided Over Just How Aggressive Fed Cutting Will Be.
- Health Insurance Is About to Boost US Inflation.
- US Cattle Herd Expected to Shrink Through 2025, Marfrig Says.
- FTX Employee Recruited by Bankman-Fried Wants $275,000 Bonus.
- Apple Gets 36% of Google Revenue in Search Deal, Expert Says.
- US Kicks Off Fiscal Year With an 87% Surge in Interest Costs.
- Dudley Warns US Fiscal Position Is on ‘Unsustainable Trajectory’.
- Rivian to Issue Up to $15 Billion of Debt for Georgia Plant.
- How Wall Street Makes Millions Selling Car Loans Customers Can't Repay.
Zero Hedge:
- Introducing ZeroHedge Live Debates: Laura Loomer Vs. Dave Smith In Wednesday Showdown Over Israel-Hamas War.
- High Stakes And A Simple Choice: "I'm 94 Years Old & Saddened By What I See Happening To America".
- Retailers In Boston Are Rushing Out Of The City And Into Suburbia.
- "This Is The End-Process That We've Been Softened Up For...".
- 'QAnon Shaman' Jacob Chansley Launches 2024 Congressional Bid.
- Flying Taxi Spotted In Lower Manhattan.
- UofA Profs: Hamas Not Terrorists, Just An Anti-Zionist "Resistance" Group.
- "We Might Need To Let It Burn": Firefighting In The EV Era Is A Whole New Game.
- Baker Hughes: Geopolitical Risks Are At The Highest Since 1973 Oil Embargo.
- Biden Admin Thinks Israel Seeking Pretext For Wider War In Lebanon: Axios.
- China Stocks May Be At Saturation Point As Data Comes In Flat.
- Rolling Stone Blames Gun Industry For Mass Shootings - Reveals Greater Fear Of Patriot Rebellion.
- Bullish bears.
- Israel Declares Hamas Has 'Lost Control Of Gaza' As Biden Urges 'Less Intrusive' Action At Hospital.
- 3-Year Old American Among US Hostages In Gaza, White House Confirms.
- Quinn: Rich Man's War, Poor Man's Blood.
- 3 charts we are watching: Big systematics squeeze upcoming?
- US stocks finished little changed amid pre-CPI indecision - Newsquawk Asia-Pac Market Open.
- Watchdog Has Grim Winter Warning: There May Be Blackouts.
- Stocks and bonds pare early losses ahead of US CPI - Newsquawk US Market Wrap.
- Bonds & Stocks Shrug At Moody's USA Credit Rating Downgrade, Oil & Gold Bounce.
Wall Street Journal:
- The Charts That Could Predict the IPO Market’s Comeback.
- Here Is the Clearest Sign Yet That Commercial Real Estate Is in Trouble.
- San Francisco Cleans Up for Xi. Why Not for Thee? The city’s mayor claims she wants “the real story” told about the progressive paradise.
- Strip Clubs, Lewd Photos: The Toxic Atmosphere at the FDIC.
- ICBC Hackers Used Methods Previously Flagged by U.S. Authorities.
- The Upending of One of America’s Most Popular Professions.
- The 4% Rule for Retirement Is Back.
- Private Debt Was Supposed to Collapse When Rates Rose. Instead It Is Everywhere.
- Biden Is Losing Black Voters. Here’s Why It Matters.
CNBC.com:
- Supreme Court adopts ethics code as justices face criticism over financial disclosures.
- Moody’s warning on the massive U.S. debt burden has turned into a nonevent.
- Stellantis offers buyouts to roughly half of U.S. salaried workers.
- U.S.-China relations are now more about crisis prevention.
- Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card transactions.
- Giant bond investor says buy bonds now and you’ll ‘be rewarded’.
- Analysts see 40% chance of government shutdown this weekend, as House plans Tuesday vote.
- Dow sees first bearish ‘death cross’ since March 2022. Here’s what typically happens next.
- Wall Street is bracing for inflation data that includes problematic undertones for the Fed
- Economists embrace notion of ‘no landing’ for economy in 2024.
- Nvidia’s stock notches longest winning streak in seven years, with all-time high in view.
Newsmax:
Fox News:
TheGatewayPundit.com:
- It Happened Again: Dallas County, Texas ES&S Pollbooks Add Hundreds of “Checked-in Voters” on Their Own in Real-Time as Polls Close.
- Tucker Carlson Goes to Spain, Shines the Light on Socialist Coup and the Mass Mobilization of Conservatives.
- ‘I Can’t Make This Stuff Up’: Retailer Won’t Let Cops Arrest Shoplifters!
- “Businesses Will NEVER Come Back to New York If This HOAX Is Not Dismissed” – Trump Warns New York City – They Better Pay Attention.
- Police Use Tear Gas, Flash-Bang Grenades to Push Back on Antifa Militants Protesting Atlanta Police Training Site (VIDEO).
- Apple Agrees to Record $25 Million Settlement Over Discriminatory Hiring Practices Against US Citizens.
- Department of Defense Releases Names of Five U.S. Special Operations Soldiers Killed in Mediterranean Sea Helicopter Crash During Routine Flight Training.
- Federal Lawsuit: NY State Veterans Home Where 100 Vulnerable Hero Veterans Died From COVID: ‘Ignored Protocols, Kept Families in the Dark’.
- California Governor Newsom Admits He Only Cleaned Up the Streets of San Francisco to Please Xi Jinping: “That’s True Because it’s True”.
- Vigilant Fox: European Politician Rob Roos Breaks ‘Very Bad News’ About Digital IDs and Central Bank Digital Currencies.
- Thank You, Kanekoa the Great! In Dec. 2020 The Gateway Pundit Broke the Story that GA Election Workers Were Shoving Stacks of Ballots Thru Voting Machines Numerous Times in Dead of Night – Today We Are Being Sued for This – And This Weekend the Report Went Viral Again.
- Forget the Wars: Key Demo Shows Americans More Concerned with US Border Breaches Than Foreign Ones, Poll Shows.
- Godless, Anti-American Leftist Megan Rapinoe Says the Fact She was Injured 6 Minutes into her Final Game Proves God Doesn’t Exist.
The Epoch Times:
Twitter:
- @Breaking911 - REPORTER: "Does President Biden agree it's more important to impress the leader of China than the American people that live in San Francisco and pay taxes everyday?" (video)
- @songpinganq - Now, in China, a minimum Social Credit Score of 550 is required to recharge your electric car. Over 1 million charger stations run on Chinese digital wallet app WeChat and Alipay, and they require users to have sufficient social credit score of 550 in order to charge their cars. (video)
- @crushthemarket - When WEF say bold statements, you better start paying attention, because they ain't lying. (video)
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 988,705 Reports(+5,406 from prior week) Through October 27th, 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 modestly higher, boosted by tech and commodity 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 unch. to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 112.5 -3.0 basis points.
- China Sovereign CDS 70.5 -1.0 basis point.
- China Iron Ore Spot 127.0 USD/Metric Tonne -.9%.
- Bloomberg Emerging Markets Currency Index 41.4 -.11%.
- Bloomberg Global Risk-On/Risk Off Index 68.0 +3.2%
- Bloomberg US Financial Conditions Index .16 -1.0 basis point.
- Volatility Index(VIX) futures 15.9 +.5%.
- Euro Stoxx 50 futures +.14%.
- S&P 500 futures +.05%.
- NASDAQ 100 futures +.13%.
BOTTOM LINE: Asian indices are modestly higher, boosted by tech and commodity 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.
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