Evening Headlines
Bloomberg:
- ‘Sloppy’ US Talk on China’s Threat Worries Some Skeptical Experts.
- US, Taiwan Plan In-Person Trade Talks as China Tensions Simmer.
- US Chip-Gear Makers Told to Wait for Relief From China Curbs.
- Trudeau Vows 2% Tax on Buybacks, Boosts Clean-Tech Credits.
- RBA Signals More Rate Hikes as Prices, Wages to Accelerate.
- Bank of England Chief Says Shocks Hitting UK Worse Than in 1970s.
- Europe Faces Widening Natural Gas Shortfall Next Year, IEA Says.
- Stocks Face More Selling Amid Recession Concern: Markets Wrap.
- US, Partners Opt to Set Fixed Crude Price For Russia Oil Cap.
- Oil Holds Losses With Slowdown Fears Overshadowing Tight Supply.
- Instead of Phasing Down Coal the World Is Burning More Than Ever.
- Carvana Sinks on Earnings Miss, Bleak Outlook on Used-Car Demand.
- Blackstone’s $70 Billion Real Estate Fund for Retail Investors Is Losing Steam.
- Apple Pause, Lyft Layoffs Herald New Phase of Tech Austerity.
- Twitter Advertiser Pause Widens as General Mills Taps the Brakes.
- Chipotle Shut Down Maine Restaurant to Defeat Union, Labor Board Alleges.
- NYC Mayor Says Can’t Make Vaccine Exception for Kyrie Irving.
Wall Street Journal:
Fox News:
- Gunfire strikes child-filled family home of Republican who campaigns in bulletproof vest.
- Nancy Pelosi addresses husband's 'assault' by illegal immigrant suspect.
CNBC.com:
- Inflation to dampen holiday spending, retail trade group forecasts.
- Amazon pauses hiring for corporate workforce.
- Twilio tumbles after issuing a soft quarterly revenue projection.
- Starbucks U.S. sales climb as customers spend more on pricey drinks.
- U.S. Commerce Secretary presses plan to restrict American companies, and citizens, from making chips for China.
- Musk orders Twitter to cut infrastructure costs by $1 billion, sources say.
- Atlassian stock drops 25% after earnings, potentially wiping away more than $10 billion in valuation.
- Cloudflare stock drops more than 10% after results, outlook top Street view.
- Hedge fund giant Elliott warns looming hyperinflation could lead to ‘global societal collapse’
- PayPal earnings forecast heads higher, but revenue outlook sends the stock lower yet again.
- Block stock rockets higher after earnings as Square parent beats on profit.
- Coinbase prepares for likely worse 2023, Q3 revenue drops more than 50%.
- Funko stock plunges 20% as earnings shrink and holiday forecast calls for no growth.
- Why the countdown to a recession begins now, according to these bond market signals.
- DoorDash orders hit all-time records as growth continues; stock shoots higher.
- The number of houses listed for sale soared in October — but a closer look reveals a housing market that’s cooling rapidly.
Zero Hedge:
- Gold Market Roiled As Mystery Buyer Waves In 300 Tonnes.
- 20-Pound Turkeys Will Be In Shorty Supply Ahead Of Thanksgiving, Warns US Gov't.
- China, Russia, And Iran Seek To Influence 2022 Midterm Elections: Cybersecurity Chief.
- "If You Believe...".
- Destroying Western Values To Defend Western Values.
- "Here We Go Again:" Out-Of-Control Chinese Rocket Expected To Crash On Friday.
- Beauty Pageant's Rejection Of Transgender Women Is Legal, Appeals Court Rules.
- Chinese EV Battery Giant CATL Is Making A Global Expansion Push.
- US Stocks Remain At Risk While China Holds Tech Back.
- TME Daily: Post Powell - (s)lower for longer.
- White Suburban Women Running Back Into GOP's Arms, Leftist Elites Enraged.
- Former US Capitol Police Officer Found Guilty Of Obstructing Jan. 6 Investigation.
- US stocks and bonds declined following recent rate hikes - Newsquawk Asia-Pac Market Open.
- China Says 'Comrade' Vietnam Agreed To Never Allow US Bases On Its Soil.
- Victor Davis Hanson: The Left Were The Mad Scientists – We Were Their Lab Rats.
- Netanyahu & Far Right Coalition Win Big, PM Lapid Concedes Election.
- Fed-induced outflows extend ahead of NFP while Dollar soars - Newsquawk US Market Wrap.
- The Profit Recession Is Now Here... And The Worst Is Yet to Come.
- Watch: Alleged Iran-Linked Telegram Post Simulates Attack On Saudi Oil.
- No Relief From Powell's Hawkish Hangover: Tech Wrecks, VIX Vexed, Yield Curve Crushed.
Newsmax:
TheGatewayPundit.com:
- This J6 Political Prisoner Was Denied Mental Health Treatment On Suicide Prevention, Left Completely Alone In Filthy Conditions For Days: ‘The Pit of Hell’.
- NPR Plays Shocking Audio of Woman Getting Abortion.
- Daily Recap Podcast 11-3-22: Bolsonaro Will Fight, Dark Brandon Returns, and Dems Flip on Being the “Anti-War” Party.
- Here We Go: Pfizer and BioNTech Begin Phase 1 Study of Combined mRNA-Based Vaccine for COVID-19 and Influenza.
- Joe Biden Says Hardworking Americans Who Oppose His Unconstitutional Student Loan Bailout Are “Wrong” and “Hypocritical” (VIDEO).
- BREAKING: FAR-LEFT MI Supreme Court Rules Poll Challenger Rules Created By Michigan’s SOS That Prevents Them From Doing Their Jobs Can Be Used In Nov Election.
- The View’s Sunny Hostin: White Suburban Women Voting Republican Are ‘Almost Like Roaches Voting for Raid’.
- Shepard Smith’s CNBC Show Canceled.
- BREAKING: Deputy Director of Milwaukee Election Commission FIRED for Sending Out Fake Military Ballots to State Residents –UPDATE: Rep Brandtjen Responds.
- Matt Tyrmand Shows More Massive Crowds in Brazil Gather to Support Bolsonaro as Military and Police Join In Support.
- Dr. Peter McCullough On What Is Really Happening When People “Die In Their Sleep”.
- CHANGE: Tens Of Thousands Of Pennsylvanians Are Leaving The Democrat Party, Becoming Republicans.
- Democrat Supporters Begin Shouting at Fetterman After He Rambles Incoherently About Playing Football in 1986 (VIDEO).
- University of Chicago Plans Winter Class “The Problem of Whiteness”.
The Epoch Times:
- EXCLUSIVE: DeSantis Calls Out Chinese Firm’s Purchase of Florida Land for Primate Breeding Facility.
- Huawei Lobbyist Gives Thousands to Democrats’ Midterm Campaigns.
- VAERS US COVID Vaccine Adverse Event Reports. 887,564 Reports(+3,505 from prior week) Through October 21st, 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 -1.25% to -.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 223.75 +3.5 basis points.
- China Sovereign CDS 120.0 +4.75 basis points.
- Bloomberg Emerging Markets Currency Index 46.3 unch.
- Bloomberg Global Risk-On/Risk Off Index 48.5 -1.4%.
- Bloomberg US Financial Conditions Index -1.06 -2.0 basis points.
- Volatility Index(VIX) futures 26.2 +.32%.
- Euro Stoxx 50 futures -.17%.
- S&P 500 futures -.07%.
- NASDAQ 100 futures +.03%
Earnings of Note
Company/Estimate
Before the Open:
- (ACMR)/.23
- (AMCX)/1.78
- (AXL)/.24
- (CAH)/.97
- (CBOE)/1.65
- (D)/1.08
- (DKNG)/-1.05
- (DUK)/1.85
- (FLR)/.42
- (HSY)/2.10
- (LAMR)/1.35
- (MGA)/1.12
- (PPL)/.42
After the Close:
- (SJR)/.36
Economic Releases
8:30 am EST
- The Change in Non-Farm Payrolls for Oct. is estimated at +198,000 versus +263,000 in Sept.
- The Unemployment Rate for Oct. is estimated to rise to 3.6% versus 3.5% in Sept.
- Average Hourly Earnings MoM for Oct. is estimated to rise +.3% versus a +.3% gain in Sept.
- The Labor Force Participation Rate for Oct. is estimated at 62.3% versus 62.3% in Sept.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Eurozone PMI report could also impact global trading today.
- 9:30 am - 4:00 pm EST