Monday Watch

Today's Headlines

Bloomberg:   

• Israel Launches Attacks Against Hezbollah Economic Strongholds.
• World Economy Fault Lines Shift From Prices to Politics and Debt. 
• Cuba Reels as Hurricane Oscar Adds Misery to National Blackout.
• South Korea’s Early Trade Data Show Slowing Export Growth.
• Asian IPOs Set for Blockbuster Week as ‘Animal Spirits’ Return. 
• Gold Climbs to Record as Mideast, US Election Drive Haven Demand.
• Asian Shares in Tight Range, Gold at Record High.
• Fears of ‘False Start’ for Fed Leave Emerging Markets in Limbo.
• Lula Cancels BRICS Trip to Russia After Suffering Head Injury.
• Hurricane Oscar Heads to Cuba After Making Landfall in Bahamas.
• ASML Shows Chasm in Chip Land: AI Winners Versus Everyone Else.
• The Climate Short: Hedge Funds Pile Up Huge Bets Against Green Future. 
• S&P 500 Set to Grind Higher Toward 6,000 Milestone: Survey. 
• Five Key Charts to Watch in Global Commodity Markets This Week.

Zero Hedge: 

• Leaked US Intelligence Documents Related To Israel's Attack Preparations On Iran Appear Online.
• Trump Considers No Taxes For Police Officers, Firefighters And Military.
• Bovard: The Democrats' Three-Decade War On Honest Voting. 
• One Of Israel's Most Senior Commanders Dies In Gaza; Hamas Readies Sinwar Successor.
• Weekend News Round Up - Newsquawk Asia-Pac Market Open.
• The Key To Happiness In America? 
• CNN Panelist Says White People Should Be "Held Accountable" If They Don't Vote For Kamala.
• Hartnett: Gold Is Heading Well Above $3000.
• Russia's Largest Explosives Plant Attacked In Night Of Over 100 Drones.
• "Imagine What Government Agencies Could Look Like In 4 Years".
• Democrats Cheer As Lizzo Says: "Whole Country Be Like Detroit" If Kamala Wins.
• Cyclicals breaking out but they are still underowned.
• When Things Kinda Make Sense.
• Homeland Security Deports Chinese Illegal Immigrants On Charter Flight.
• Morgan Stanley: Discussions Keep Returning To Whether The 50bps Rate Cut Was A Policy Mistake.
• In Search Of Accountability For Anti-Trump Hoaxes.
• Which Donor Countries Are Pulling Their Weight In Ukraine Aid?
• NexFundAI: The FBI's 'Trap Token' Explained.
• WNBA Loses $40 Million Despite Woke Mass Marketing Campaign.
• Nantucket Residents Rattled By Arrest Of 5 Illegal Immigrants For Violent Sex Crimes.
• Italy Disrupts The LGBT Baby Trade By Passing A Ban On Overseas Surrogacy.
• Conrad Black: What It Will Take To End The War In Ukraine.
• The Final Countdown.
• The Omniwar Is Everywhere.
• "Consumers Running Out Of Money": Former Target Exec Offers Dire Warning Ahead Of Christmas.
• How To Remove Fluoride From Your Water At Home.
• Study Finds School Choice Closes Low-Income Student Performance Gap.
• Watch: In 'Kamala's America', Illegal Alien Smuggler Leads High-Speed Police Chase.
• No Central Bank Wants To Stop Price Inflation.

Wall Street Journal:

• Democrats Make California a Battleground State.
• Scatter and Survive: Inside a U.S. Military Shift to Deny China ‘Big, Juicy’ Targets.
• Musk Offers $1 Million Daily Prize for Signing His Petition.
• U.S. Investigates Intelligence Leak About Israel’s Plans for Attacking Iran.
• AI Startup Perplexity in Funding Talks to More Than Double Valuation to $8 Billion.
• The Sandwich Generation Is Stressed Out, Low on Money and Short on Time.
• They Are Basking in America’s Oil Boom—and Preparing for the Big Bust.
• Boeing’s CEO Is Shrinking the Jet Maker to Stop Its Crisis From Spiraling.
• Wall Street’s Scrappy Underdog Has Ambitious Plan to Make It Big.
• What the Amish Can Teach America About Economic Mobility.

CNBC:  

• Top crypto PAC targets close House races as 2024 election hits final stages
• Elections, hurricane damage and more: Here are four factors that will shape holiday shopping.
• Here’s why inflation may look like it’s easing but is still a huge problem.
• Top Wall Street analysts like these stocks for their growth prospects.

MarketWatch.com:  

• This stock market rotation is the ‘lifeblood’ of the bull market as S&P 500 logs record.
• The real-estate industry is battling over how homes are listed for sale. Here’s why that matters to buyers and sellers.

NewsMax:

• Netanyahu: Iran Faces 'Heavy Price' for Attack on Home.
• Trump: 'Kamala's Agenda Is They/Them - Not You'. 

Fox News:

• LIVE: Trump works McDonald's fryer after accusing Harris of lying about fast-food job.
• Elon Musk teases vow in campaign blitz against government regulations.
• DOJ suit targeting law to remove noncitizens from voter rolls gets taken to task.
• Trump unleashes scorched earth attack on CBS News with subpoena move.
• Lizzo ripped online for promise about what America will look like if Harris wins.
• Pro-life protesters shift the narrative with 'God' message after Harris mocks them.
• New ‘insulting’ Harris campaign ad targets Black men’s love lives.
• Biden and Harris will reportedly no longer be seen together on the campaign trail.

TheGatewayPundit.com:

• “God Was Watching Us in This Moment” – Pro-Life Students Speak Out After Kamala Mocked Them and Jesus at Her Rally – And Told Them They Were Not Welcome! (VIDEO).
• Dominion Voting Systems Issues a Chilling Warning to Conservatives Weeks Before The Election.
• WATCH: “I’ve Now Worked for 15 Minutes More Than Kamala” – Trump Visits McDonald’s in Pennsylvania, Works French Fryer and Serves Customers – Trump Tells Reporters That “Lying Kamala” Never Worked at McDonald’s a Day in Her Life.
• Virginia Lt. Governor Winsome Sears Reveals How Many Noncitizens Were Removed From Voter Rolls Before Biden-Harris DOJ Sued State (VIDEO).
• Kamala Harris Suggests Men Are “Misogynist” if They Don’t Vote For Her in Dumpster Fire Interview with Al Sharpton (VIDEO). 
• WHOA! Bernie Sanders Throws Kamala Harris Under the Bus, Admits She Hasn’t “Changed” Her Positions on Fracking or Green New Deal – She’s Just Trying to Get Elected (VIDEO).
• Kentucky Man Declared Brain Dead Wakes Up During Organ Harvesting Operation, Opened Eyes and Started Visibly Crying.
• The All-Too-Short List of Conservative, Anti-Globalist Leaders.
• Ted Cruz exposes Collin Allred’s disastrous management.
• Jake Tapper Says Arab American PAC Refusing to Endorse Harris May Help Trump (VIDEO).
• Radical Leftist Rep. Ilhan Omar Admits Democrats Want to Win so They Can Pack the U.S. Supreme Court (VIDEO).
• WATCH: Bernie Sanders Ducks Question About Swing State Democrats Ditching Harris and Tying Themselves to Trump, Responds With Weird Free Healthcare and Corporate Greed Tirade.
• Kiev’s Nuclear Blackmail: Ukraine May Be Considering Deploying a ‘Dirty Bomb’ To Escalate the War and Drag NATO Into WW3.
• WATCH: North Carolina Gubernatorial Candidate Mark Robinson Files Lawsuit Against CNN Over ‘Black Nazi Hit Piece’.
• MUST SEE: “NOT ACCEPTABLE” – ESPN’s Stephen A. Smith Lights Up Obama for Accusing Black Men of “Putting Women Down” for Not Wanting to Elect Kamala Harris (VIDEO).
• Steel Workers in Pennsylvania Endorse Trump: ‘You’re the Greatest President, Ever’ (VIDEO).
• Chinese Drone Giant DJI, Represented by Obama’s Former A.G. Loretta Lynch, Sues Pentagon Over National Security Threat Designation.
• Have You Been Censored, Blacklisted, or Banned on Social Media for Sharing a Gateway Pundit Article?… We Want to Hear from You – Please Let Us Know Below.
• WTH? Kamala Harris Sounds Blitzed at Campaign Rally in Atlanta with Usher (VIDEO).
• Degenerates: “This is How a Bad B*tch Saves Democracy – You Hoes Couldn’t Even Spell Democracy” – Kamala’s Friend Lizzo Gives Final Send as She Heads to Detroit to Campaign With Kamala (VIDEO).
• “That’s Extraordinary”: CNN’s Abby Phillip Stunned as Analyst Reveals Not One Arab-American Will Support Kamala Harris — Even If It Means the ‘Rise of Donald Trump’.
• WATCH: “They Want to Put Tampons in The Boy’s Bathroom!” — Pittsburgh Steelers Stars Antonio Brown and Le’Veon Bell Endorse Trump at Rally in Latrobe, Pennsylvania.

The Epoch Times:

• Mexico Joins the Anti-China Trade Push.

Around X:

• @elonmusk

• Looking to speaking again with the great people of the Commonwealth of Pennsylvania! (video)
• We should be gravely concerned about this. (video)
• This should really get way more attention! (pic)
• The left has institutionalized their disinformation. (graph)

• @BehizyTweets
  

• Trump told Muslim Michigan voters, "We're going to get peace in the Middle East." And one of them yelled, "WE TRUST YOU." Never in a million years did I think an Orange man would be the one uniting Muslims and Jews, yet here we are. (video)
  

• @HANKonX

• JUST IN: Chinese President Xi Jinping, wearing combat fatigues, has called on his military to "comprehensively strengthen training and preparation for war." He made these remarks during a visit to a brigade of the People's Liberation Army Rocket Force. Just days after massive military drills around Taiwan, Xi is doubling down on his aggressive stance. He urged soldiers to "enhance their strategic deterrent and combat capability." “Focus all [your] energy on fighting, work hard on fighting and improve [your] capability to win,” Xi added. (video)
  

• @nickshirleyy

• Teenager in Springfield, Ohio expresses frustration as Haitian Migrants are now over 50% of the student population and have been caught fornicating and violating students as there are 21 yr olds in freshmen classes. (video)

• @MichelleRM68

• Merrick Garland is BLATANTLY committing election interference! He's going after EVERY state who dares to pass legislation to strengthen their election laws & clean up their voter rolls! This is incredible. (video)
• Holy crap! Missouri had a total of 78,421 register to vote in just ONE WEEK. Out of that number, 23,253 were DEAD PEOPLE! Here we go, AGAIN! How many other states are getting away with this cheating? The RNC better have their lawyers ready to fight! (video)
  

• @LauraLoomer

• Wow! Apparently voters in Georgia are getting text messages telling them that early voting for the general election has already ended. The group sending the messages is “Step up Savannah”. (pic)

• @MJTruthUltra

• The Cloward-Piven Strategy is what is Happening in America. LISTEN to Frances Fox Piven herself in this video… —— “People like what AOC are doing, what the squad is doing, is very important.…> it’s a very important and political moment in American political development, and we have to make the most of it, because if we don’t, we don’t know what’s going to happen, but it’s not going to be good”.
• Woman asks Elon Musk what’s on all of our minds… You said if you see something, say something. —— “Well, back in 2020 a lot of people saw something and they did say something… but nothing happened. The cases were never heard. What’s going to be different?” @elonmusk This time around, the X Platform is not going to surpress any information. If there’s any evidence of election fraud, post it on the platform and be as loud as possible and let’s try to make light. And the brighter the light, the harder it will be to cheat. (video)

• @IanJaeger29
  

• BREAKING: A group of over 1,700 Democrat fact-checkers on X have pledged to use Community Notes in a strategic effort to prevent Trump supporters from raising potential concerns about election fraud and or election integrity.

• @amuse
  

• Georgia’s electronic voting machines are not safe and secure. Georgia judges won’t allow hand counts of ballots because it would reveal what the election workers are doing. (video)
• ELECTION INTEGRITY: It concerned me when the head of the postal workers union told his members that Trump would end democracy and fire them if they didn't stop him from taking office. We're now seeing ballots from Republican areas being thrown away. (video)

• @MarioNawful

• BREAKING: MEGA MILITARY CONTRACTOR CAUGHT FAKING SATELLITE DATA TO TAKE DOWN STARLINK. SpaceX just exposed a dirty ploy by Lockheed Martin and Omnispace to block Starlink’s direct-to-cell service. Lockheed’s partner allegedly rigged their aging satellite to fake interference and filed bogus FCC complaints, trying to stop Starlink from dominating the 5G space. (pic)
  

• @wideawake_media

• BBC: "You changed the Covid misinformation labels... Why do that?" Musk: "Does the BBC hold itself at all responsible for misinformation regarding masking, and side effects of vaccinations?" BBC: "Let's talk about something else." Musk: "You weren't expecting that." BBC: "Let's talk about something else." (video)
  

• @w_terrence

• JUST IN: A Black man has been fired for publicly coming out as Trump Supporter. This is disgraceful! You don’t hear republicans or conservatives firing Kamala supporters. We need Trump back.

• @JamesMelville

• “There are currently 42 cloud seeding projects across the American West. They anticipate 200 more cloud seeders in the future and the federal government has committed $2.6million to seeding.” - Good Morning America/ ABC Network (2023). (video)
  

• @WallStreetSilv

• "No matter how paranoid or conspiracy-minded you are, what the government is actually doing is worse than you can imagine." -William Blum, former State Department employee. (pic)
  

• @ZachApotheker

• They thought they could break us. As of yesterday they… - Slashed my pay by $30,000. - Stripped me of my gun, badge, credentials, armor, and radio. - Humiliated me publicly at the station. - Left a menacing message for me on the Chief's whiteboard. - Harassed my family. - Promoted the perpetrator to D.C. with a pay raise, while hiding names on memos. - Changed my work schedule. If defending over 300,000 missing children and the United States makes me the villain, then I embrace that role. (pic)
  

• @_johnnymaga

• Japanese choir in MAGA hats performs "God Bless America" at a PA festival. "We believe that America is the last stronghold of freedom in the world. We also believe that Mr. Trump is the only president who can stop WW3." The spirit of Shinzo lives on. (video)

• @Ultrafrog17
  

• Do you really think it's a coincidence that Kamala is having the people who went to Diddy's freak-off parties publically endorse her? Usher is the man who went to Diddy's "Puffy Flavor Camp" when he was 14 years old and then subsequently brought a child named Justin Beiber to Diddy on a silver platter. These are the people that Kamala chooses to surround herself with. The Diddy freak-off celebrities. Is everyone awake yet? (video)

OpenVAERS: 

• VAERS US COVID Vaccine Adverse Event Reports. 1,016,047 Reports(+1,875 from prior report) Through October 4, 2024.
  

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

• Asian indices are -.5% to +.5% on average.
• Asia Ex-Japan Investment Grade CDS Index 71.75 -.75 basis point.
  
• China Sovereign CDS 63.25 unch.
• China Iron Ore Spot 101.8 USD/Metric Tonne +.12%.
  
• Bloomberg Emerging Markets Currency Index 38.43 -.04%.
• Bloomberg Global Risk-On/Risk Off Index 61.7 +1.0%.
• Volatility Index(VIX) futures 18.2 -.55%. 
• Euro Stoxx 50 futures n/a.
• S&P 500 futures +.11%.
• NASDAQ 100 futures +.14%.

Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by technology and financial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed.  The Portfolio is 100% net long heading into the week.