Be in the know. 30 key reads for Thursday…

  1. I Beg to Differ (Howard Marks)
  2. Alibaba, Meituan are top picks at Daiwa in sector upgrade as internet stocks to benefit most from China stimulus (scmp)
  3. The Fed is no longer behind the curve, says DoubleLine CEO Jeffrey Gundlach (cnbc)
  4. US enters technical recession after contraction in second-quarter growth (ft)
  5. Second straight quarterly decline meets a common definition of recession (wsj)
  6. Jack Ma to Reportedly Cede Control of Ant Group, Seen as a Boost for Alibaba’s Stake (streetinsider)
  7. How the Fed Could Lose Its Nerve (wsj)
  8. China Leaders Call for ‘Best’ Growth Outcome at Key Meeting (bloomberg)
  9. Grocery Bill Inflation Might Have Peaked (wsj)
  10. Teva Tries to Put an End to the Opioid Wars (wsj)
  11. The global recession drum beat is getting louder (reuters)
  12. Pfizer reports big profit and revenue beats, as COVID drug sales increase by nearly $9 billion (marketwatch)
  13. Southwest predicts third-quarter revenue above pre-pandemic levels (reuters)
  14. Merck stock ticks up after profit more than triples to beat expectations (marketwatch)
  15. Chinese Property Shares Rise as Investors Bet on State Support (bloomberg)
  16. Energy on Agenda as Saudi Crown Prince to Meet Macron (bloomberg)
  17. Boeing Reports Drop in Profit but Sees ‘Momentum’ for Turnaround (nytimes)
  18. Amazon’s Quarter Will Be Bad. What Happens Next? (barrons)
  19. Intel’s Profitability Outlook (barrons)
  20. Honeywell Earnings Rise. More People Are on Planes and in the Office. (barrons)
  21. Jack Ma To Cede Control Of Ant Group Control (zerohedge)
  22. Facebook Parent Meta Platforms Reports First Ever Revenue Drop (wsj)
  23. Senate Approves $280 Billion Bill to Boost U.S. Chip Making, Technology (wsj)
  24. Joe Manchin Reaches Deal With Chuck Schumer on Energy, Healthcare, Tax Package (wsj)
  25. CBO Expects Significant Rise in Public Debt Burden, Deficit (wsj)
  26. Ford’s Profit Rises on Higher Sales, More Inventory (wsj)
  27. US Jobless Claims Fall Slightly, Hold Near Eight-Month High (bloomberg)
  28. Royal Caribbean beats revenue estimates on pent-up demand (reuters)
  29. China’s central bank seeks to mobilise $148bn bailout for real estate projects (ft)
  30. Fed’s Jay Powell calls time on running commentary for rate rises (ft)
  31. Macau opens for casino licence renewals until September 24 (scmp)