Be in the know. 25 key reads for Friday…

  1. China’s Central Bank Sees Room to Lower Banks’ Reserve-Requirement Ratio (wsj)
  2. Alibaba launched a new AI platform and co-branded credit card with Mastercard to entice more global buyers and sellers to its platform. (yahoo)
  3. Alibaba merchants hail WeChat Pay adoption on Taobao and Tmall (scmp)
  4. PBOC Considers RRR Cut Ahead of US Fed Cuts (chinalastnight)
  5. Billionaire Mark Cuban warns taxing unrealized gains will ‘kill the stock market’ (foxbusiness)
  6. CEO Jensen Huang has sold more than $633 million in Nvidia stock since June (marketwatch)
  7. Fed’s Goolsbee says trend of economic data justifies multiple rate cuts, starting soon (marketwatch)
  8. This Energy Drink Is Everywhere. Its Stock Can Still Provide a Jolt. (barrons)
  9. Berkshire Hathaway Sells $760 Million of Bank of America Stock as Stake Keeps Shrinking (barrons)
  10. China buys US$12 billion worth of chip-making tools in a quarter (scmp)
  11. Competition Is Coming to Nvidia, Says J.P. Morgan’s Michael Cembalest (institutionalinvestor)
  12. The Japanese yen still poses ‘a very big risk’ to global markets. Here’s why. (marketwatch)
  13. Little-known Florida couple with GameStop winnings continues to build stake in JetBlue (marketwatch)
  14. Fintech giant Ant Group launches AI personal assistant app in China (scmp)
  15. Oracle billionaire Larry Ellison will control Paramount after Skydance deal: filing (nypost)
  16. Nordstrom Family Bids Again to Take Retailer Private (wsj)
  17. Alibaba allowing access to WeChat Pay would help Alibaba acquire users, especially people from smaller cities, the people said. WeChat has 1.37 billion users. (wsj)
  18. Intel Is Exploring Sale of Part of Stake in Mobileye (bloomberg)
  19. Paulson Sees Fed Cutting Rates to as Low as 2.5% by End of 2025 (bloomberg)
  20. The Yield Curve Is Disinverting. Why Should I Care? (bloomberg)
  21. Trump Tax Plan Lifts S&P Profit, Harris’ Would Cut, Goldman Says (bloomberg)
  22. August private payrolls rose by 99,000, smallest gain since 2021 and far below estimates, ADP says (cnbc)
  23. Family offices are about to surpass hedge funds, with $5.4 trillion in assets by 2030 (cnbc)
  24. Robby Starbuck: the activist pushing US companies to ditch their DEI vows (ft)
  25. Trump Vows 15% Corporate Tax and Taps Musk for Federal Audit (bloomberg)

Be in the know. 12 key reads for Thursday…

  1. Boeing Speeds 737 Deliveries to China in Respite for New CEO (bloomberg)
  2. Boeing says China’s commercial air fleet predicted to double in the next two decades (militaryaerospace)
  3. Nvidia Falls Despite AI Giant Saying It Didn’t Get DOJ Subpoena In Antitrust Probe (investors)
  4. The Best Way to Play the Stock Market’s Worst Sector (barrons)
  5. Google Is Losing Market Share to ChatGPT. What It Means for Alphabet Stock. (barrons)
  6. Ultra-Rich Families Set to Control $9.5 Trillion by 2030, Deloitte Says (bloomberg)
  7. S. safety regulator calls for probe of Temu, Shein over unsafe products (cnbc)
  8. S. auto sales shrink as high interest rates discourage buyers (marketwatch)
  9. Bank of Japan board member Takata sees the need to ‘shift gears’ (marketwatch)
  10. US job openings fall to lowest level since January 2021 as labor market cools (foxbusiness)
  11. Chip war: Taiwan accuses 8 mainland Chinese firms of poaching talent, stealing secrets (scmp)
  12. A 50bps cut is far more likely now, says Grant’s Interest’s Jim Grant (cnbc)

“World’s Smallest Violin” Stock Market (and Sentiment Results)…

Market Outlook & Picks/Pans

On Thursday, I joined Kelly O’Grady on Fox Business – The Claman Countdown – to discuss Market Outlook and sector rotation.  Thanks to Kelly, Liz Claman, Jake Mack and Kathryn Meyers for having me on.  You can find it here: Continue reading ““World’s Smallest Violin” Stock Market (and Sentiment Results)…”