Tuesday Watch

Around X:

• @Business

• The next wave of artificial intelligence debt financing is taking off in Asia.       
• President Trump on Monday signed an executive order to ease restrictions on the use of a tax-exempt variety of diesel, his latest bid to pare costs for the fuel ahead of November’s midterm elections. 
• A cybersecurity breach last year of Oracle’s healthcare unit compromised personal information belonging to nearly 20 million people, according to information released by the Texas attorney general.
• Former President Barack Obama plans to campaign in Detroit this month in a bid to bolster Michigan’s Democratic candidates, particularly US Senate hopeful Abdul El-Sayed, just ahead of the Nov. 3 election.  
• OpenAI is in talks with multiple investment funds from the United Arab Emirates, including Abu Dhabi-based MGX, to help anchor a $30 billion round of financing for the ChatGPT maker, according to people familiar with the matter.
• Here’s the latest news and analysis on the oil market.  
• Here’s what you need to know to start your day: Morning Briefing Asia. 

• @ZeroHedge

• *GOOGLE, CONSTELLATION NEAR BILLION-DOLLAR DEAL FOR ATOMIC POWER. 
• Pentagon Raises Combat Pay For First Time Since 2002 As Iran War Persists. 
• DOJ Sues University Of Delaware: Illegal Aliens Get In-State Tuition, Out-Of-State Americans Pay 2.7x More. 
• TRUMP: SIGN EO TO WAIVE OFFROAD REQUIREMENT ON RED DYE DIESEL.
• Guinness Pulls Plug On Baltimore Brewery As Costs Soar In Democrat-Run State Amid Consumer Beer Retreat.
• America's Wile E. Coyote Moment.
• Houthis Unleash Large Missile, Drone Barrage On Saudi Arabia, Target Riyadh Airport & Aramco Facility.
• Watch: UK Police Clear Streets Of Entire Town So Migrant Boat Can Offload. 
• The Crazy Continues: Stocks Up, Breadth Down; Yields Up, Oil Down.    

• @CNBC  

• Tuesday's big stock stories: What’s likely to move the market in the next trading session.
• Stock futures are little changed after Nasdaq hits new record: Live updates.     
• Trump offers U.S. help after plague death in Russia; WHO assesses the situation as low risk. 
• CNBC Daily Open: China shuts down record 670 banks, new worries over oil and AI.

Night Trading 

• Asian equity indices are -.25% to +.50% on average. 
• Asia Ex-Japan Investment Grade CDS Index 71.0 -.5 basis point. 
• China Sovereign CDS 36.75 +.25 basis point.
• China Iron Ore Spot 91.50 USD/Metric Tonne -.3%. 
• Crude Oil 89.66/bbl. +.23%. 
• Gold 4,155.8 USD/t oz. -.02%. 
• Swiss Franc/Offshore Chinese Renminbi Cross 8.06 -.13%.
• Bloomberg Emerging Markets Currency Index 33.69 -.04%.
• Bloomberg Global Risk-On/Risk Off Index 139.3 +.7%.
• US 10-Year Yield 5.32% +1.0 basis point.
• Japan 30-Year Yield 4.26% +1.0 basis point.
• Volatility Index(VIX) futures 18.1 -.3%.
• Euro Stoxx 50 futures +.37%. 
• S&P 500 futures +.07%.
• NASDAQ 100 futures +.08%.

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 mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the day.