Wednesday, June 12, 2019

Wednesday Evening Links

[Reuters] Wall St. slips; banks fall with prospect of rate cut, energy drops

[Reuters] Oil slumps 4% on U.S. crude build, slowing demand fears

[Reuters] U.S. government posts $208 billion deficit in May

[CNS] Federal Spending Tops $3 Trillion Through May for First Time; Deficit Hits $738 Billion

[Reuters] Trump says he has no deadline for imposing further tariffs on China

[Reuters] Trump says he has a 'feeling' that U.S., China can strike trade deal

[Reuters] Trump considering sanctions over Russia's Nord Stream 2 natgas pipeline

[CNBC] The trade war is taking a big bite out of profits for Wall Street’s biggest names

[Reuters] Japan's Abe warns of armed conflict amid soaring U.S.-Iran tension

[Bloomberg] U.S. Budget Gap Balloons to $739 Billion With Four Months to Go

[WSJ] Hong Kong Protests Turn Violent in Standoff Over China’s Control

[WSJ] Sound and Fury Over Fannie Mae and Freddie Mac

[WSJ] Fix Mortgage Finance, Or We’ll Do It For You, Regulator Tells Congress

[WSJ] Falling Mortgage Rates Spur Application Frenzy

[FT] US-China trade war risks global technology split

Wednesday's News Links

[Reuters] Shares snap seven-day hot streak

[CNN] Hong Kong stocks fall as huge protests hit financial center

[Reuters] Oil falls over 2% on weaker demand growth, gain in U.S. crude stocks

[Reuters] Dollar hovers near 11-week low on Fed rate cut bets

[Reuters] U.S. consumer prices barely rise in May

[Reuters] Expectations low for Trump-Xi talks, preparations limited

[SCMP] US accused of undermining trade talks by demanding ‘hundreds’ of changes to Chinese law

[Reuters] U.S. mortgage applications jump to highest since September 2016: MBA

[Reuters] China's factory inflation slows as production eases but food prices surge

[CNBC] China’s loans to other countries are causing ‘hidden’ debt. That may be a problem

[CNBC] Police threaten ‘force’ as Hong Kong protesters besiege legislature

[CNN] Hong Kong police declare China extradition protest 'a riot' as rubber bullets and tear gas fired at crowd

[Reuters] Hong Kong police fire rubber bullets as extradition bill protests turn to chaos

[AP] Businesses showing discontent with Trump’s trade policies

[NYT] As Trade War With U.S. Grinds On, Chinese Tourists Stay Away

[Bloomberg] Hong Kong Markets Roiled by Interbank Rate Squeeze Amid Protests

[Bloomberg] Tour of China Shows a Nation Girding for Protracted Trade War

[Bloomberg] Bond Markets Are ‘Almost Taunting the Fed’ With Global Rate-Cut Bets

[Bloomberg] China Sends Warning Signal to Yuan Bears Before G-20 Meeting

[Bloomberg] Hong Kong’s Moment of Reckoning

[WSJ] China’s Small Banks Run Into More Trouble

[WSJ] The Fed Needs To Be the Adult in the Economy

[FT] Car sales plunge in China ahead of emissions rules

[FT] For a fistful of mini-BOTs, Italy risks falling into an old trap

[FT] The great emerging-market growth story is unravelling

[FT] Germany sells 10-year Bunds at lowest yield on record

[FT] A robot named Gekko: ‘quant’ funds home in on the bond market