Tuesday's News Links

[Reuters] Wall St. lower on concerns over trade war fallout

[Reuters] Global stocks drop for third day, BASF warning stings Europe

[Reuters] Oil rises towards $65 as supply concerns outweigh trade disputes

[Reuters] U.S., China to relaunch talks with little changed since deal fell apart

[CNBC] Fed Chair Powell’s job is safe ‘at the present time,’ Larry Kudlow says

[The Hill] Debt ceiling deadline could hit in early September: study

[CNBC] Tension between Japan and South Korea is rising, and it looks set to drag down trade

[Reuters] Japan pushes back against Seoul's calls to scrap export curbs

[Reuters] U.S. State Department approves possible $2.2 billion arms sale to Taiwan

[CNBC] Hong Kong leader Carrie Lam: Extradition bill ‘is dead’

[NYT] Global Recession Risks Are Up, and Central Banks Aren’t Ready

[NYT] Turkey’s Long, Painful Economic Crisis Grinds On

[Bloomberg] Powell Heads to Congress With Rate Cut in Play, Risk on His Mind

[Bloomberg] Chinese Wealth Manager Claims $490 Million Fraud Behind Missed Repayments

[Bloomberg] ECB Seen Readying the Pumps for Return to Massive Bond Buying

[WSJ] Fed Chairman Jerome Powell’s Approach to Interest-Rate Policy Wins Bipartisan Backing

[WSJ] Markets Are Calm, Then Suddenly Go Crazy. Some Investors Think They Know Why.

[WSJ] The Myth of Monetary Stimulus Is Unraveling

[WSJ] Big Tech’s Buyback Spree Nears Its Limits

[WSJ] Heavy Debt Humbles China’s Business Champions, Including the Jewelry Queen

[WSJ] Fed Expectations Trigger Record Run of Outflows in Leveraged Loans

[FT] Turkey’s latest stumble shows dangers of betting on risky markets

Monday Evening Links

[CNBC] Dow falls more than 100 points as Apple leads tech slide, Wall Street awaits Powell testimony

[Reuters] U.S. consumer inflation outlook rises for 1st time in three months: NY Fed survey

[Reuters] Turkey's bond buyers burnt by surprise central banker sacking

[Reuters] Brazil govt to cut 2019 GDP growth forecast, eyes budget freezes

[Bloomberg] Gold Sees Wildest Price Swings Since 2016

[Bloomberg] U.S. Consumer Borrowing Climbs on Bigger Credit Card Balances

[Bloomberg] Why China's Debt Defaults Look Set to Pick Up Again: QuickTake

[Bloomberg] Japan-Korea Spat Threatens to Upend Global Technology Chain

[Bloomberg] Trade Trouble Brews in Asia as Export Lifelines Targeted

[Bloomberg] Hedge Funds Post Best First Half in Decade