Wednesday Evening Links

[CNBC] Stock futures are little changed as earnings season heats up: Live updates 

[Yahoo/Bloomberg] Trump Declares US-China Trade War, Bessent Floats Long Truce

[Yahoo/Reuters] Greer, Bessent blast China's rare earths curbs, urge Beijing not to implement them

[Reuters] US buys more Argentine pesos, working on $20 billion debt facility, Bessent says

[Yahoo/Bloomberg] Shutdown Firings Paused by Judge as Vought Vows More to Come

[Yahoo/Bloomberg] Banks and Private Credit Clash After Dimon’s Cockroach Barb

[AP] Democrats say they won’t be intimidated by Trump’s threats as the shutdown enters a third week

[AP] Journalists turn in access badges, exit Pentagon rather than agree to new reporting rules

[Politico] Trump: India will stop buying Russian oil

[Politico] Trump says land strikes may be next for Venezuela

[Reuters] Hegseth warns Moscow US will 'impose costs' if Ukraine war does not end

[Bloomberg] Big Banks Warn of AI Froth as Bubble Talk Dominates Earnings

[Bloomberg] Traders Ramp Up Bets on Half-Point Fed Rate Cut by Year-End

[Bloomberg] Treasury’s Bill Issuance Surge Prods Fed to Shrink Balance Sheet

[Bloomberg] Trump Floats San Francisco as Next Target for Crime Crackdown

[NYT] America Is Heavily Reliant on China for Raw Materials in Medicines

[NYT] Is the Fed Too Confident About Inflation? Some Economists Think So.

[NYT] U.S. to Take Control of More Companies to Counter China

[WSJ] Trump Authorizes CIA Covert Operations in Venezuela

[WSJ] How Jefferies Found Itself at the Center of First Brands’ Collapse

[WSJ] Trump’s Gaza Lessons for Ukraine

[WSJ] Al Qaeda Rises Amid Afghan-Pakistani Conflict

[FT] US Treasury arranging fresh $20bn in debt market support for Argentina

Wednesday Afternoon Links

[CNBC] Stocks cut gains as market choppiness persists: Live updates

[Axios] Bessent says China "can't be trusted" as trade fight escalates

[Yahoo/Bloomberg] Trump Leverages US Shutdown to Make Unilateral Spending Moves

[Yahoo Finance] Why the odds are increasing that the government shutdown could last into November

[Yahoo/Bloomberg] Shutdown is costing US economy $15 billion a day, Bessent says

[Yahoo/Reuters] US warns that hackers using F5 devices to target government networks

[Axios] Exclusive: "Clever and generous" farm bailout coming, Hassett says

[Yahoo/Bloomberg] Miran Says Trade Uncertainty Makes Fed Rate Cuts More Urgent

[Axios] Americans lead the world in AI anxiety

[Bloomberg] US Electricity Bills Seen Rising Most in Three Years This Winter

[Bloomberg] Underwater Car Loans Hit Four-Year High in New Sign of Distress

[Bloomberg] Bessent Says He’ll Give Trump Fed Chair Options in December

[Bloomberg] Why Argentina Needs Bailout After Bailout After Bailout

[Bloomberg] Crypto’s Hedge-Appeal Cracks as Gold Wins Big on Debasement Fear

[WSJ] Fortifying America’s Pacific Front Line Is Getting Expensive and Difficult

[FT] The secretive First Brands founder, his $12bn debt and the future of private credit

[FT] US warns world will ‘decouple’ from China if it imposes new export controls