Wednesday, August 21, 2019

Thursday's News Links

[CNBC] Dow turns negative, giving up earlier gains as recession fears rise

[Reuters] Treasuries - Yields rise on strong European data, ahead of Fed's Powell

[Reuters] U.S. factory sector contracts for first time in a decade: IHS Markit

[Reuters] Fed's George supports keeping rates at current levels -interviews

[CNBC] Esther George says the Fed’s ‘large balance sheet’ may have helped cause the yield curve inversion

[CNBC] Fed’s Harker doesn’t see need for another rate cut, says central bank should stay here ‘for a while’

[AP] China warns US tariffs will ‘escalate trade friction’

[AP] China ‘will not sit idly by’ over US arms sale to Taiwan

[Reuters] France's Macron: No time to negotiate new Brexit deal

[Reuters] ECB eyes stimulus package as growth looks weaker: minutes

[Reuters] Japan August manufacturing shrinks for fourth month as export orders fall: flash PMI

[Reuters] South Korea to scrap intelligence-sharing pact with Japan amid history feud

[Reuters] German businesses continue to underperform in August: PMI

[Bloomberg] Shadow Bank Crackdown Accelerates in India Amid Cash Squeeze

[Bloomberg] Goldman Warns Hedge Fund Outperformance Holds Crowding Risk

[Bloomberg] Das: Markets Should Be Worried About the Music Stopping

[Bloomberg] Hedge Funds Have Already Bled $55.9 Billion This Year

[WSJ] Powell Faces Challenge Defining Doctrine Around When to Cut Rates

[WSJ] Officials See Few Options if Slowdown Hits

[FT] As the Fed Frets, Retailers Rake in Sales

[FT] Fears grow that softer Volcker rule will stoke Wall Street risk

[FT] Stubbornly strong dollar prompts talk of US attack on renminbi

Wednesday Evening Links

[Reuters] Wall Street rises as Target, Lowe's results point to consumer confidence

[Reuters] Treasuries - Yields rise after Fed minutes, Powell speech in focus

[Reuters] Fed was divided on rate cut, wanted to avoid appearing on path for more cuts

[AP] Fed officials widely divided on rates at July meeting

[CNBC] CBO expects deficit to grow more than projected, warns that tariff hikes could harm growth

[WashingtonTimes] Trump-Pelosi budget deal sends deficit soaring

[Reuters] Trump heaps pressure on Fed and its chairman Powell to cut rates

[Reuters] Trump: 'I am the chosen one' to fix U.S. trade imbalance with China

[Reuters] First-time U.S. home buyers face supply struggle as rates fall

[Reuters] Shock in Denmark after Trump, spurned over Greenland, cancels visit

[AP] Economic twilight zone: Bonds that charge you for lending

[Reuters] Hong Kong protesters clash with police, angry at lack of prosecutions after subway mob attack

[WSJ] In Reversal, Trump Says He Is No Longer Considering Tax Cuts

[WSJ] Federal Deficits to Grow More Than Expected Over Next Decade, CBO Says

[WSJ] China Threatens Sanctions Over Planned U.S. Sale of Jet Fighters to Taiwan

[FT] Falling cost of debt piles pressure on governments to spend more