Be in the know. 10 key reads for Wednesday…

  1. PBOC Has Scope to Cut Rates by Up to 50 Bps, Ex-Adviser Says (bloomberg)
  2. China Launches 200 Billion Yuan Bailout Of Reeling Housing Sector (zerohedge)
  3. Wall Street CEOs warn recession is likely — even as their own economists waffle (nypost)
  4. JD.com Stock Jumps as Chinese Tech Giant Continues to Beat Growth Estimates (barrons)
  5. Investors Return to Stock Funds, Starting to Reverse Recent Exodus (wsj)
  6. China’s yuan falls after the central bank cuts rates for the 2nd time in as many weeks to revive the economy (businessinsider)
  7. Shrinking Deficits Cushion Fed’s Retreat From Markets (wsj)
  8. Your Steak Is Getting Cheaper at the Supermarket (wsj)
  9. MGM China Pumps $594 Million Into Macau Casino Unit Ahead of License Bid (wsj)
  10. Where Are People Living the Longest? See Where Your State Ranks in Life Expectancy (wsj)