Deutsche Bank: August US Auto Sales Beat Forecasts, But Incentives Remain A Factor U.S. auto sales came in stronger than expected in August, offering another sign that consumer demand for new vehicles remains relatively resilient despite elevated borrowing costs and broader questions about the economy. According to Deutsche Bank’s auto team, led by Edison Yu, August sales ran at a seasonally adjusted annual rate of roughly 16.9 […]

Trump Admin Asks Supreme Court To Unblock New Mail-Ballot Rules Before States Start Mailing Authored by Matthew Vadum via The Epoch Times, The Trump administration asked the U.S. Supreme Court on Sept. 3 to allow the government to begin implementing a regulation that tightens rules around mail-in voting. In the emergency application, U.S. Solicitor General D. John Sauer asked the justices to stay U.S. District Judge Indira […]

Enes Kanter Freedom Files Lawsuit After Chicago Sky Ejection, Ban Authored by Timothy Frudd via The Epoch Times, Former NBA player Enes Kanter Freedom filed a lawsuit on Sept. 3 after he was ejected during a Women’s National Basketball Association (WNBA) game and banned from future games. Kanter Freedom sued the Chicago Women’s Basketball Operations, LLC, which operates the Chicago Sky. The Metropolitan Pier and Exposition […]

“Apathy, Caution, And Chagrin”: UBS Sours On Consumer Stocks The Street’s mood toward US retail has been described by UBS analysts as “apathy, caution, and chagrin.” “Investors are engaged, but not necessarily enthusiastic. They remain interested, but increasingly selective. Most importantly, conviction feels harder earned than it has in years,” Michael Lasser, a managing director and senior equity-research analyst at UBS, wrote […]

Bitcoin-Gold Correlation Hits Six-Year High As Debasement Fears Mount Authored by Mathew Di Salvo via BitcoinMagazine.com, Bitcoin’s correlation with gold is at its highest in six years as investors increasingly look for ways to hedge against currency debasement.  That’s according to a new report from Bitwise, which this week pointed out that the precious metal and leading cryptocurrency are trading in lockstep because […]

Chinese Rare-Earth Suppliers Halt US Shipments As Decoupling Fears Surge The scenario we viewed as inevitable appears to be materializing, validating our decision to intensify coverage of the US-China decoupling theme and the Western-aligned miners positioned to supply the West if Beijing further weaponizes critical material exports, as it has throughout the Trump 2.0 era. A Reuters report on Friday morning revealed that some […]

Not So Fast: Mistrial Declared In Lindsay Clancy Murder Trial, But Judge Gives Defense An Hour To Seek Stay Update (1226ET): After the jury remained deadlocked following 36 hours of deliberations over seven days, Judge William Sullivan declared a mistrial in the Lindsay Clancy murder case – however he’s given the defense one hour to seek a stay from the Massachusetts Supreme Judicial Court. Judge says he will give Reddington […]

Russia Tries To Assassinate Ukraine’s SBU Chief With Unprecedented Drone Attack On Kyiv HQ The Kremlin has long previewed that its next escalation step against Ukraine would be to start attacking ‘decision-making centers’, or headquarters and government buildings. That moment has clearly begun and is now in an active phase, also as strikes ramp up on the key southern port of Odesa, as well as on Ukraine-linked cargo and other […]

US Diesel Pump Prices Hit Record As Global Refined-Products Crisis Threatens Industrial Economy Goldman explained this week that Gulf oil exports had recovered to between 15 million and 16 million barrels per day, roughly two-thirds of prewar levels, with the rise of dark tanker transits obscuring some flows from conventional tracking via the Automatic Identification System (AIS). Yet headline crude volumes don’t tell the entire […]

“We Have The Receipts”: Bartiromo Denies Fox Firing Update (1155ET): New details are rolling in about the Bartiromo situation – as the anchor is denying reports that she was fired from the station. According to The Hollywood Reporter:  Bartiromo, who is now repped by Bryan Freedman, who recently repped Justin Baldoni, as well as journalists Don Lemon and Chris Cuomo after their dramatic exits from CNN as well as Tucker […]

Tesla’s Cybercab Debut Falls Flat As NHTSA Opens Probe Tesla’s long awaited Cybercab finally hit the streets of Austin yesterday, and the debut was something of a dud. For a product Elon Musk has positioned as central to Tesla’s future, the rollout was remarkably subdued. There was no major public livestream with appearance by Musk or traditional press presence, relatively little new information and just 45 Cybercabs registered […]

World’s Largest Sovereign Wealth Fund Cuts Treasury Holdings… But It’s Not What You Think The headlines are running rampant this morning as the world’s largest (and most transparent) sovereign wealth fund – Norway’s Government Pension Fund – has proposed reducing the amount of government bonds in its $2.3 trillion portfolio to boost holdings of riskier debt, with US Treasuries the most affected. Norges Bank Investment Management […]

Labor Shock: US Adds 162K Jobs In August, 4-Sigma Beat And Above Highest Forecast In our jobs report preview we quoted JPM’s Market Intel desk which said that today’s August payrolls number will be a case of “good news is bad news”, and sure enough futures are sliding  and yields surging after moments ago the BLS reported that in August, the US added a whopping 162K jobs, up from an upward revised 21K (July is no longer negative […]

Putin Says There’s A Chance Of Ukraine Peace Deal, Wants To Restore Full US Relations Authored by Guy Birchall via The Epoch Times, Russian President Vladimir Putin said on Sept. 3 that there was “a chance” of achieving peace with Ukraine and expressed a desire to rekindle relations with the United States. Putin was speaking at a session of the Eastern Economic Forum (EEF) in Vladivostok when he made the comments. On the […]

Spain Gasses Its Own People; Police Probe Migrant/Soros NGO Acid Buys In Ceuta Authored by Steve Watson via Modernity News, Spanish National Police have been examining a bulk purchase of hydrochloric acid and aluminium foil in Ceuta after supermarket staff flagged a large group of migrants, reported as mostly Moroccan, buying the two products together. Spanish outlets citing police sources identified activists from the NGO No […]

The Rush To Pull Gold Out Of The US Submitted by QTR’s Fringe Finance It was reported yesterday that the Netherlands just shifted approximately 86 tonnes of its gold reserves from New York and Ottawa to London, explicitly citing “increasing geopolitical unrest” and the need to prepare for severe crises. The Dutch central bank says gold held in London can be accessed and traded more quickly during an emergency than gold […]

Rabobank: “The World As We Knew It No Longer Exists” Via Rabobank, As we move towards the end of another trading week, most action was again dominated by the now ubiquitous market bugbear of geopolitics. Central banks are trying to reassert themselves, but under that shadow, and as everything they understand starts to fall apart around them. Putin suggested he’s open to peace vs. Ukraine. That would be wonderful. It would also […]

Bessent Announces EU ‘Officially Joined’ Operation Economic Outcast Against Iran US Treasury Secretary Scott Bessent announced on X Friday that the EU has “officially joined” Operation Economic Outcast, the sweeping US sanctions campaign to cut Iran out of the international banking system and completely isolate it from the global economy. “The European Union has officially joined Operation Economic Outcast and we appreciate their […]

Futures, Yields Flat Ahead Of August Jobs Report US futures are choppy, trading between unchanged and modestly higher, ahead of today’s jobs report which sees a modest increase in August payrolls (but the risk is for another negative print, see our preview here). As of 8:00am ET, S&P futures are flat and Nasdaq futures gain 0.5% as Mag 7 stocks trade mixed premarket, with NVDA (+1.4%) and AMZN (+0.7%) leading and TSLA (-2.1%) […]

GE Vernova Finds Its Footing In Sweden With Studsvik After Loss To Rolls Royce Swedish nuclear life-cycle services company, Studsvik AB, announced an agreement with GE Vernova Hitachi (GVH) and Samsung C&T for 1.2 GW of new nuclear energy in Sweden. Project developer Studsvik selected the GVH boiling water reactor design, the BWRX-300, to be constructed by Samsung C&T. The consortium is targeting first-unit operation in […]

Lululemon Crashes After Another Brutal Guidance Cut; Jefferies Flags “Triple Whammy” Quarter Lululemon Athletica shares crashed in premarket trading in New York after the athletic-apparel retailer slashed its full-year outlook again, suggesting that demand in the Americas is deteriorating as Alo and other rivals gain market share. The move also puts mounting pressure on its incoming chief executive to revive the struggling brand. […]

The Rising Cost Of Electricity In The United States Across the U.S., Americans are paying roughly 30% more for electricity than in 2020. This graphic, via Visual Capitalist’s Cody Good in partnership with the National Public Utilities Council, uses data from the U.S. Energy Information Administration to show the change in average retail electricity prices by state across all sectors from 2020 to 2025. Where Electricity Prices […]

Hormuz Disruptions Could Drag Into Next Year, Japanese Tanker Giant Warns Submitted by Tsvetana Paraskova of OilPrice.com, Japan’s Mitsui OSK Lines, the world’s largest tanker operator, expects the shipping disruptions at the Strait of Hormuz to continue for longer than previously expected, with no normalization by the end of the year, due to this week’s re-escalation of hostilities. “Given the current situation, it’s […]

Rogan To Lindsey Clancy Fans: Look At The Crime Scene Authored by Steve Watson via Modernity News, Joe Rogan has had enough of the women lining up outside a Massachusetts courthouse in pink to cheer a mother who strangled her three children to death. Sitting with comedian Brian Simpson, he refused to accept the “Free Lindsay” spectacle as a mental-health awareness campaign. He treated it as a grotesque inversion of basic human […]

Ukrainian Sea Drone Destroys Russian Ship Vital To CPC Oil Repairs Tit-for-tat attacks on commercial vessels in the Black Sea as well as Sea of Azov have been raging all summer, but Ukrainian forces are now strategically going after smaller ships which yet play an outsized role in repair and logistics related to damaged Russian and central Asian oil infrastructure. “Ukraine attacked a small service ship involved in planned repair […]