KOTOV.IN
RRTLAug 12, 12 AM UTC


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Japanese Money Stock M2 (Y/Y) Jul: 7.9% (exp 8.4%; R prev 7.3%) - Money Stock M3 (Y/Y) Jul: 6.5% (exp 7.0%; prev 5.9%)

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Ipsos MORI Issues Index: UK Covid Concern Remains At Record Levels, Despite Falling Infections ipsos.com/ipsos-mori/en-


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US Health Sec Azar: Taiwan Visit Completely Consistent With US Foreign Policy - Fox

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UFC > College Football
@DaveMasonBOL
Cant's wait... Four days and counting until the Cormier (-115) vs. Miocic (-105) trilogy. Early cash is split about as close to 50/50 as possible.

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South Korean Unemployment Rate SA Jul: 4.2% (exp 4.3%; prev 4.3%)


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Australia's Victoria State Reports 410 Coronavirus Cases, 21 Deaths In The Last 24 Hours


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LATIN AMERICA. Consensus GDP for 2020 falls again (-7.6%) with a weak recovery in 2021. Venezuela -21.9% Peru -11.7% Argentina -11.3% Mexico -9.3% Ecuador -8.6% @FocusEconomics



NCAA: Now Cancelling All Athletics

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@JeffMacke retweeted
Shadow boxing and the heavy bag. Easy and all can be done inside. Double Jab and 123. Combo. Work up to 4 ( 3 min) rds. Each.
@kenshiroshah
@GeorgeForeman What's the best exercise you can recommend for getting in shape and for recovery as well?

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ITS HAPPENING (again...)


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Nutanix and Amazon AWS


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Did I really start today with a 6am phone call telling me Russia had approved its coronavirus vaccine (see: many many caveats)? It feels so long ago.

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Note the #COVID19 vaccines purchased by the US govt will have no cost to Americans, but health providers can charge to administer them. From HHS press release on Moderna vaccine supply agreement:


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Here are previous 5 US govt vaccine purchase deals. Note AZ, Sanofi/GSK & Novavax deals all include development so implied price per dose may be lower. Moderna agreement is 100m doses for $1.525B = $15.25/dose. They got $955m more from BARDA to support development. #COVID19

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@JeffMacke retweeted
During a 1720 financial crisis, British Parliament debated a resolution for bankers to be sewn in sacks with snakes & dumped in the Thames.

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@megtirrell retweeted
Breaking: Moderna announces a supply agreement with the U.S. government to secure an initial 100 million doses of mRNA-1273 for up to $1.525 billion with option granted to U.S. government to purchase up to an additional 400 million doses

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$MRNA | President Trump: Reached Deal With Moderna For 100Mln Doses Of Vaccine - Three Vaccine Candidates Now In Phase 3 Trials


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CBA Expect Australian GDP To Fall By About 4% Over Calendar Year - To Bounce Back By About 2% Next Year - Unemployment To Peak Towards End Of Year At Close To 10%

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Trump says in briefing he met with leaders of Operation Warp Speed today on #COVID19 vaccine. Heard update from top scientists, leaders of top pharma cos. Says US govt reached an agreement with Moderna to manufacture and deliver 100m doses of vaccine candidate.


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"Truth is the most valuable thing we have. Let us economize it." --Mark Twain


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HYG and JNK finally went down

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That having been said 4 to 1 would have been better for my chart.

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@AnneMarieTrades retweeted
The massive collapse of a glacier in Valais, Switzerland, was caught on camera


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Elon, I knew you could do it! Thank you!
@CNBCnow
BREAKING: Tesla announces 5-for-1 stock split cnbc.com
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$TSLA | Tesla Announces A Five-For-One Stock Split

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Sharp reversal at end of day led by Utilities, Real Estate & Tech; while Financials held up well along with value (relative to growth) … Consumer Discretionary not hurt as much & remains leader off March lows, but Tech has notably slipped to 5th place


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@_SeanDavid retweeted
Important announcement from @nutanix - availability of Nutanix Clusters on AWS - see the full launch video w @mbkumar @TarkanManer bit.ly/3agmvua #aws #multicloud #hybridcloud @awscloud $NTNX
@mbkumar
The news is out! #Nutanix Thank you @stu @TarkanManer for a powerful conversation around #HybridCloud and #Multicloud on #TheCube twitter.com/aakela/status/…


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@AnneMarieTrades retweeted
This inspired me to write my first book "Money Grows on Trees" Grab your copy from Amazon today! In the meantime, keep your eyes peeled for Episode 13 of my podcast from Broke to Woke with the AMAZING Britnie Turner dropping real soon! #toenrichlives #enrichinglives #woke

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@AnneMarieTrades retweeted
Here's the $VVIX chart I was referencing earlier, I wrote about this divergence more in-depth on Sunday in my Thrasher Analytics letter.

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@AnneMarieTrades retweeted
CrAPI crude inventories up in 10 ..forecast : -2.875M

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@Trendspider_J
I’ve learned more from @alphatrends over the lst 18 months than I could have ever learned in any other type of educational setting. He is a true mentor.

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@AnneMarieTrades retweeted
Starting to feel a little like Sept 2018 to me..... watching closely to see if we keep getting deterioration under the hood as indexes keep grinding. Sept 2018 was one of the finest slight of hands I’d seen in several years. No predictions, just making observations.

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@AnneMarieTrades retweeted
Equities, bonds, gold, silver, crude, bitcoin

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Fun fact: @AlderLaneeggs is perhaps the biggest Kamala (the Wrestler) fan I know.

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@AnneMarieTrades retweeted
Premarket gapper prep with @RobInTheBlack! Good morning traders!

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This is a moving and infuriating story about James Harris, “Kamala”, a terrific professional wrestler in the 80s and victim of countless indignities by the industry.

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US Democratic Presidential Candidate Biden Picks US Senator Kamala Harris To Be Running Mate

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@LiveSquawk retweeted
*BIDEN PICKS HARRIS AS HIS RUNNING MATE

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A) of course I should be paid. Buy $TGT, spin off AWS, many probs solved. B) yup, I’d make money on the deal. I’d still rather it not happen. Amazon will probably wreck the stores. It’s just the right thing for Amazon to do. C) in light of B maybe I should get $600 million.


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@megtirrell retweeted
The news you’ve all been waiting for
@RebeccaJarvis
JUST IN: Elizabeth Holmes #Theranos trial has been moved to next year. The jury selection will begin on March 9, 2021 and opening statements will begin on March 16, 2021. The trial had been moved twice already, most recently from October 27, 2020 because of Covid.

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Amazon should bid $200 for $TGT and stop dicking around with bitsy-piecy real estate deals. All I want is $500 million in fees. Practically public service work rates.
@laurenthomas
twitter.com/PowerLunch/sta…

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Americans Just Said No To Russia
@hmeisler
If the market closes red today I will take that as Americans said 'no' to Russia.

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Quite a late session U turn in #markets with S&P and Dow ending the day down 0.4-0.7%, respectively (the NASDAQ lost 1.8%); and The #dollar index (DXY) turning higher. Interestingly, the yield on 10-year #bonds retained most of its prior move up and #gold closed some 5% lower.

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S&P 500 dropped 46 points after 2:07 pm tweet below; the market's way of reminding us to remain open-minded and flexible. Will see what tomorrow brings.
@CiovaccoCapital
Game plan at current S&P 500 levels remains the same: (a) assume nothing (good or bad), (b) take it day by day, (c) remain open to all outcomes, (d) trade the chart in front of you.

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Gold is down more than the Dow

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#Turkey’s #Lira continues to tank. Few believed me when I said the lira would hit 7.00 TRY/USD. Now, it’s at an all-time low of 7.28 TRY/USD, depreciating over 4.5% in just one week. The #Lira's next stop is 8.00 TRY/USD. Turkey's lira is toast.

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MOC 2.5 bil to sell.

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@LiveSquawk retweeted
The Biden campaign has informed some of the women the former Vice President’s team vetted about his choice of running mate, three sources familiar with the matter tell CNN. Karen Bass was told by Biden himself that she was not the pick, a source familiar tells CNN.

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@hmeisler retweeted
My god even $RUT is red. Animals.

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@KeithMcCullough retweeted
In reviewing the SEQUENCE of decisions that led up to today's #BTFD in $GDX and $TLT, we should be reminded that BOOKING GAINS in core #Quad3 exposures at the top end of KM's #RiskRanges A) insulates your PnL from drawdowns and B) affords you the capital to buy them back on sale.

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Personally, I think owning a home is overrated and way more expensive than people assume.

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They *might* agree to this. Assuming you want to chip in for maintenance costs, property taxes, and any potential downside price exposure.
@kandistmallett
If my rent money is paying for my landlord's mortgage, shouldn't I be part owner?
Show this thread


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@Nouriel retweeted
Our report "Is Lebanon’s Failed State About To Become The Plaything Of Foreign Powers?" by J Hulsman is on @RosaRoubini. We discuss the consequences of the sovereign default on the Lebanese economy; why US & Russia are less likely to intervene in this case rosa-roubini-associates.com

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Great take. And so true.
@pearkes
My lukewarm take is that most Americans would be better served traveling more inside the US. It can be done CHEAP (many of these states are on here thanks to post-college and childhood road trips done on a very lean budget), or the other way. There is SO much to see.
Show this thread


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Record big Treasury auctions at record low yields: The U.S. sold $48 billion of 3-year notes today at an all-time low yield of 0.179%. @theterminal

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Biden Official: No Actual VP Event Scheduled For Today - NYT


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Me, looking at this market every day
@SoVeryAwkward
Cats eyes just keep getting bigger and bigger

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$MSFT | #Microsoft's #Halo Game Has Release Delayed Until 2021

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Anger continues to mount in #Lebanon a week after the terrible tragedy in #Beirut,including Renewed violence as protesters clash with security forces using tear gas and rubber bullets Louder calls for more political resignations Little sign as yet of what could replace the regime

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US Senate Majority Leader McConnell: WH Coronavirus Aid Negotiators Have Not Spoken To Top Democrats In Congress Today - Fox News

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@LiveSquawk retweeted
**MCCONNELL TELLS FOX NEWS STIMULUS TALKS ARE AT STALEMATE

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@AnneMarieTrades retweeted
A new #TheFinalBar airs today at 6pm. Host @DKellerCMT is joined by Larry Tentarelli (@LMT978) of @BlueChipDailyTR to discuss his thoughts on the contrast of rotations to the downside as the S&P threatens all-time highs. See it on @StockChartsTV! stockcharts.com/tv

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Not available on Tweetdeck which remains an afterthought with them.
@TheDomino
The ability to restrict who can reply on ⁦@Twitter


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@andrewnyquist retweeted
Dow Industrials "surge" leading stocks higher into August. #IBDpartner Industrials are up yet again in mid-day trading Tuesday (+0.85% currently).

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Add this to what seemed highly unlikely just 4 month ago (and remains a puzzle for some focused mainly on fundamentals). 2 more milestones are now in sight given the current leg up in #stocks: New record high for the S&P (chart); and #Dow turning positive year-to-date. #economy

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Wall Street is big firms, big tech, big banks. Main Street is workers & small businesses. Their interests totally diverge. Small biz is dying by the millions while market share of big biz is rising. Big firms shedding jobs, cutting wages & squeezing workers into more Precariat.

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The calm before the storm: Consumer debt delinquencies have actually dropped this year because of government support programs. But this will change as the U.S. jobless rate stays high and federal aid programs run out, driving "a very rapid increase" in delinquencies: Moody's

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If the market closes red today I will take that as Americans said 'no' to Russia.

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@hmeisler retweeted
in 2012 gold was in a bull market I was long $GLD and it had a sharp reversal and thinking it would bounce back I bought more next morning it gapped down hard on the next bounce I sold was the last time I took a large GLD or $SLV position commods. just dont trade like stocks

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Paging the Lone Ranger.

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@LiveSquawk retweeted
Breaking from @jeffzeleny: Joe Biden has selected his running mate, revealing to top advisers on Tuesday the woman he will invite to join his ticket, according to two people familiar with the matter. Biden is poised to make the announcement as early as today.

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Almost 14% of mortgage borrowers in Miami were at least 30 days behind on payments in May, followed by New York at 12%, Las Vegas at 10.5% and Houston at 10%: CoreLogic study looking at the 10 biggest US cities

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@hmeisler retweeted
-JPM Prime Brokerage: Net Exposure: Level at 99%-tile since Jan-2018 -GS Prime Brokerage: Net leverage at 77.4% (99th percentile)


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BWA went off the top

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TTW when you are worth billions and your home camera is crap.

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Ugh it was starting to trend down.
@cfromhertz
*CALIFORNIA SEES 12,500 NEW VIRUS CASES VS 7,704-DAY AVE *CALIFORNIA NEW CASE COUNT IS SECOND BIGGEST 1-DAY INCREASE *CALIFORNIA REPORTS 109 ADDITIONAL COVID RELATED DEATHS

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Game plan at current S&P 500 levels remains the same: (a) assume nothing (good or bad), (b) take it day by day, (c) remain open to all outcomes, (d) trade the chart in front of you.

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@RaoulGMI retweeted
Interesting conversation with Nomura's Charlie McElligott Friday. He was telling me that he sees the risk of a pro-cyclical (“Value,” “Risk” and “Reversal” factors) move coming at the cost of “Growth” and thus, “Momentum” /1



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Really excited to have our #LPLMarketSignals podcast on our YouTube channel! Please be sure to subscribe to our channel so you don't miss anything @LPLResearch is up to!
LPL Market Signals - Dissecting the Disconnect
LPL Financial Research strategists explore some differences between the stock market and the economy in an attempt to explain the disconnect and also discuss...
youtube.com

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“It’s tragic,” @DrPaulOffit says of Russia vaccine approval on limited data. “It’s what happens when science gets politicized.” #COVID19
@megtirrell
Vaccine expert @DrPaulOffit on @CNBCTheExchange now talking Russia news

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Vaccine expert @DrPaulOffit on @CNBCTheExchange now talking Russia news


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Given tech has taken on defensive characteristics during the pandemic, only intraday red sectors today slant defensive - tech, staples, utilities, and real estate. There is a long way to 4 pm (the data that matters). TBD.

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@tylercowen retweeted
One of the reasons why leagues may look to keep hope alive this fall is improved testing. This is likely to be approved this week, and gives great reason for optimism in the testing arena. #HappyHeads
@ScottGottliebMD
This simple, accurate saliva test could soon be first test authorized for asymptomatic screening and may be lowest cost test to hit market with ability to be pooled. It’s independent of supply chains. Runs in 2 hours. Owes to work of NBA, Yale docs, others medrxiv.org/content/10.110

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@hmeisler retweeted
The S&P 500 is on pace to start the month of August 7-0. That hasn't happened since Sept and March of 2013. And before that? Sept 1995. $spx

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@LiveSquawk retweeted
Schumer: Imitation is the sincerest form of flattery..McConnell is blaming Democrats for the breakdown in negotiations using the exact same language; he said Democrats are the ones saying “my way or the highway.” that’s what the Republican Leader, who wasn’t even in the room

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@LiveSquawk retweeted
Schumer: Last Friday, after our last negotiating session with the White House, I made it clear that the reason our talks had stalled was that the White House had basically declared “my way or the highway.” They were unwilling to meet us in the middle. They said that in the room.

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Holy Bear Batman! This is nuts
@conorsen
@hmeisler Nobody’s scared of the bear: twitter.com/ramseyboltin/s…

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@LiveSquawk retweeted
Voting by mail: 35% of registered voters say they will vote by mail, 46% say they will vote on election day in person, 12% say they’ll vote early in person. #mulawpoll

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@LiveSquawk retweeted
Democrats and Republicans equally likely to say they are certain to vote in November (87% each), independents less so (60% say they are certain). #mulawpoll

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I'd travel back in time to kill baby Jar Jar to prevent the horror he will inflict on Star Wars fans.
@InsideTheMagic
Who’s Cuter: Baby Yoda or Baby Jar Jar Binks? bit.ly/3kyOoT9 #babyyoda #jarjarbinks #starwars

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@LiveSquawk retweeted
Margin of error for the full sample is +/-3.9 percentage points. For sample of 675 “likely” voters, margin of error is +/-4.2 percentage points. #mulawpoll

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@LiveSquawk retweeted
New Marquette Law School poll of likely Wisconsin voters: Donald Trump: 44% Joe Biden: 49%



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Excellent!
@COdendahl
German politics is dominated by Angela #Merkel. In 2021, kids will ask whether boys like @OlafScholz can become Chancellor, too. So who will win the Merkel vote? /thread
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I love Twitter. I don't say it often enough but thank you to my followers. You guys educate me and interact with me, and I appreciate it.

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@hmeisler retweeted
Cos with <$1B in revs can file an S-1 with the SEC that doesn’t get released until much closer to the actual listing than in “non-confidential” IPO process. sec.gov/divisions/corp


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US 3-Year Notes Sale: - High Yield Rate: 0.179% (prev 0.19%) - Bid-Cover Ratio: 2.44 (prev 2.44) - Direct Accepted: 12.3% (prev 13.3%) - Indirect Accepted: 57.0% (prev 54.3%) - Wi: 0.176%

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The world's biggest #deadbeat needed DIVINE INTERVENTION to restructure its govt. debt, as Pope Francis DIRECTLY NEGOTIATED with bondholders. But, it will take more than the Pope to combat surging #Inflation in #Argentina. I measure it at 65.53%/yr.

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Might someone tell me what 'confidentially' means? I mean it's being announced so there must be something else. tyia
@CNBCnow
BREAKING: Airbnb plans to confidentially file for IPO this month cnbc.com/id/106658839

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I'll be delivering a keynote speech for @WomenCorpDirs' 2020 Virtual Global Institute alongside @GoldmanSachs' @DavidSolomon, 64th US Secretary of State, @madeleine Albright & Australia's Former Prime Minister, The Hon. @JuliaGillard. More info: ow.ly/Jnvv50AWEhL

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@hmeisler retweeted
*AIRBNB PLANS TO FILE CONFIDENTIALLY FOR IPO IN AUGUST: DJ

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Skating is the best holiday song for August
@JeffMacke
Montreal ice driving to the music of Peanuts. (Ht @Deadspin )


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$SCHG (growth stocks) beating defensive bonds $TLT by 1.95% so far this week.


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@tylercowen retweeted
Interesting paper! Have you guys seen the new paper from Scott Sumner and me on housing, monetary policy, and the recession?
@KAErdmann
Scott Sumner and I have a new paper on housing, monetary policy, and the Great Recession. Tl,dr: The stuff you thought was settled fact is wrong. There is a lot to unlearn about the recession in order to learn what needs to be learned. Thread.... mercatus.org/publications/m
Show this thread

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So were they all long banks and out of tech? Asking for a friend. @followtheh

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$QQQ is beating defensive bonds $TLT by 1.57% so far this week.


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@LiveSquawk retweeted
Appeals court has ruled for Qualcomm in its fight with FTC, overturning the district court's decision: pacer-documents.s3.amazonaws.com/3/19-16122/009… Marks not just a victory for Qualcomm, but also for DOJ, which made an unprecedented intervention in the case on the company's side

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@JeffMacke retweeted
Shit happens, you think you can last 1 minute or no?
@LoganPaul
chill twitter.com/benaskren/stat…

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@andrewnyquist retweeted
Double top for Silver Miners? Would it be the "wrong place and time" for selling to start for Silver Miners at (2)? $SIL $SLV $GLD bit.ly/2PKrAl2 @MarketSmith @InvestorsBusinessDaily #IBDinfluencer #IBDpartner



>12% flattens the curve.

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Have you started your holiday gift shopping yet? #HolidayPoll
Yes!
9.2%
No
90.8%
262 votes · Final results

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“It’s Christmas time...” youtu.be/bjQzJAKxTrE
@EllenYChang
This has to be a new record. I received my first pitch about the holiday season and what to buy as gifts.

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.@FT re #Lebanon debt talks ‘on pause’ after government resigns." I would say, well beyond "pause:" Recent tragedy amplifies the already-terrible pain/suffering experienced by the population, particularly the most vulnerable. External debt issues will/should get little attention.

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EIA Raises Forecast For 2020 World Oil Demand Growth By 40K BPD, Now Sees 8.11 Mln BPD YoY Drop -Raises Forecast For 2021 World Oil Demand Growth By 30K BPD, Now Sees 7.02 Mln BPD YoY Increase #OOTT

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Americans are poised to have spent more online by Oct. 5 than they did for the entirety of 2019, with Black Friday, Cyber Monday and Christmas still to come. “We’ve just trained the consumer to shop a different way.”

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So bullish.
@barstoolsports
Nothing to see here, just having a casual picnic @stooloutdoors (via ig:am_mrs.nesbit)

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Watch as over 100 #HongKong police officers storm the office of@appledaily_hk to arrest #JimmyLai. Just another day under #Chinese #Communist laws.

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Blank check companies, or SPACs, now account for one in five dollars raised in IPOs, about three times the share of last year. ft.com/content/1681c5

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@LiveSquawk retweeted
Virus surge makes US weak link in global economic recovery ... AP Now the global economy is waiting for the United States to get its coronavirus outbreak under control and boost the recovery, but there’s little sign of that.

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@LiveSquawk retweeted
NEW: Trump economic adviser Larry Kudlow says WH is now going to eliminate state cost-sharing requirement to offer $300/wk in supplemental unemployment benefits ... Kudlow says he believes all 50 states should be able to qualify for this new benefit, retroactive to Aug 1 ...


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WH Economic Advisor Kudlow: Additional Unemployment Benefits Will Go Out In 2-Weeks Under Executive Order

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WH Kudlow: China Is Fulfilling Trade Obligations On Commodity Purchases - Saturday Trade Meeting With China Is ‘Routine’ - Not Expecting Phase 1 Deal To 'Go Out The Window’

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Many people love the tax vacation.
@USATODAYmoney
Stocks rose Tuesday on renewed optimism that a possible cut in capital gains taxes could help bolster the U.S. economy, putting the S&P 500 within striking distance of its February record. rssfeeds.usatoday.com/~/633188002/0/

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@LiveSquawk retweeted
Grassley on updates he’s gotten from Mnuchin/Meadows: “pessimistic about getting back to negotiations”
@alexanderbolton
McConnell says he & GOP colleagues just had an hour-long call with Mnuchin & Meadows. Says they’re waiting on Dems to return to the table.

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@LiveSquawk retweeted
McConnell says he & GOP colleagues just had an hour-long call with Mnuchin & Meadows. Says they’re waiting on Dems to return to the table.

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@OphirGottlieb
$NTNX Nutanix Hybrid Cloud Infrastructure Now Available on Amazon Web Services cmlviz.com/article/NTNX/b

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$OXY | Occidental CEO Hollub: Will Not Grow Production Until It Significantly Reduces Debt


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Bankruptcies haven’t surged in Japan during the pandemic so far--thanks to effective government support.

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@LiveSquawk retweeted
McConnell begins his Senate floor remarks on the status of COVID-19 relief talks: "If Democrats are playing hardball, their opponents aren't us Republicans, not really. They're playing hardball against kids, workers and vulnerable Americans who need help."

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Lebanon's debt restructuring is running into some problems. Namely, "bondholders don’t really know who they would be negotiating with."  bloomberg.com/news/articles/


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@steve_hanke retweeted
Hanke’s World Inflation Update | bit.ly/2DF0dGE via @steve_hanke

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.@JoeBiden loves campaigning for higher #taxes. But, in 2017 & 2018, he and his wife avoided paying payroll taxes on $13.3M of income by setting up an S-corporation. Joe’s principle: DON’T TAX ME, TAX THE GUY BEHIND THE TREE?

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$BA | Boeing Reports No New Orders For July

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The divide between rich & poor is painfully evident in housing right now. The cheaper the apartment, the more likely tenants have been to miss rent payments as the pandemic has gone on. bloomberg.com/news/articles/


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$JNJ | J&J Executive: Would Consider Challenge Trials For Experimental Vaccine If Infections Dropped Significantly, Ethical Issues Solved - RTRS

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$JNJ | J&J Exec: Co. Plans To Have Millions Of Doses Of Potential Covid Vaccine By Early-2021, 1 Billion Doses By End-2021 - Phase III Trial Results For Potential Vaccine Between End-2020 And Mid-2021

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Appearing today around 4:10pm ET on @CNBCClosingBell

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Bank Index +9% in three days.

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Looks like an important level for XBI @CapitalObserver @pittore187


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UK To Sell GBP3.25 Bln Of 0.125% 2023 Gilt On 18th August - To Sell GBP2 Bln Of 0.625% 2050 Gilt

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French PM Castex: Extends Ban On Gatherings Of More Than 5K People To 30th October

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@hmeisler retweeted
Rare to see a 3 point drop in Ultras and no bounce

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U.S. July Small Business Optimism Falls to 98.8; Est. 100.5 11% of employers think it is a good time to expand. Net percentage of employers anticipating job creation rises to 18%. Net percentage of firms expecting a better economy falls to 25%


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Skeptical of chances of a pandemic depression? Take a look at spending by industry relative to January 2020. This is not the time for policy inaction.

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Why is now not a good time to pull back on aid to the unemployed? Take a look at how spending flattened out in mid-June & drifted downward since. We are on the cusp of a major policy error that will create conditions for an "L" shaped recovery.

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French PM Castex Says #Coronavirus Situation Has Been Going The ‘Wrong Way’ Since Last 2-Weeks - France Expected To Reach Nationwide High Alert Level This Week

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@hmeisler retweeted
8.5point spread between $VIX and $VXN is starting to look unsustainable.. $ES likely to start breaking down if $NQ breaches 10,900

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Twitter thinks I work for $AMZN

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Chinese firms that do not meet U.S. standards to be delisted as of end-2021. Foreign companies that do not comply with US accounting standards will be delisted from the stock exchange as of the end of 2021, according to Treasury Secretary Mnuchin.

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8 straight red for the VIX and all its done is go from 25 to 20. SPX up nearly 200 in that same time frame.


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While there was improvement in prices at the wholesale level, #inflation in the near term isn’t likely. #PPI



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This new news about NZ going into back into lockdown again is weighing hard on the NZD. Nice preview of what will happen to other currencies of countries that will have to do the same. And why the US will avoid it at all costs under current leadership. $NZDUSD $GBPNZD

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As covered by @FerroTV , this higher credit risk (per corporate downgrades) has been accompanied by lower risk spreads, lots of corporate issuance, and a surge in outstanding shares of HYG, the high index ETF. Reconciling this: #markets' comfort with recovery/central bank support

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American Airlines Extends Travel Waiver Through 31st December


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BoE +20 Year Gilts Buy Back Of GBP1.47 Bln Offer-Cover Ratio: 1.91 (prev 2.05)

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@LiveSquawk retweeted
.@Microsoft - @tiktok update: Despite reports of "preliminary" talks involving @Twitter for @tiktok_us I am told by people close to the deal $MSFT is at least for now the only possible deal being actively pursued. Of course this could change, but thats the current state of play


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Close the stock market when the $SPX goes flat. We can Bobby Ewing the whole damn year.

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The QQQs have not had three red days since the first week of March


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@JeffreyKleintop retweeted
Don't miss today's advisor call on the markets and economy featuring @KathyJones, @JeffreyKleintop and @LizAnnSonders. Join us today at 11am ET. bit.ly/2DSCuCG

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$GOOS down 7% as they discuss the 9-figure footwear industry. It's insane we can't have $1,500 Uggs until 2021.



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NFIB small business compensation plans show small rebound. Expecting downward nominal wage rigidity to be the norm during the pandemic and post-pandemic economy. Shades of the GFC.


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@JeffreyKleintop retweeted
Managing risk is a key to success, whether you’re new to investing or experienced, so check out these helpful risk management tips.

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German economic confidence blows away economists' estimate and soars to highs of the past 20 years.

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These two charts illustrate the extent to which the recent economic data, out of both #Europe and the #US, have surprised on the upside. #economy @markets @economics @Citibank

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AXP at 200 dma for the first time since early June

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@JeffreyKleintop retweeted
Echoing many reports on the state of play: There are no stimulus talks happening. There are no stimulus talks scheduled. Almost all Members of Congress have left Washington. Incredible.



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BAC at 200 dma for the first time since early June

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@megtirrell retweeted
“Russia is not farther along, they’ve just decided to go with less data.” @MegTirrell has the details on Russia’s vaccine claims. cnb.cx/3iuWCtH

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Also today: Warren is not a horrible investor anymore.

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@LiveSquawk retweeted
*** MORE BAD US JOBS NEWS *** Companies are talking about turning ‘furloughs’ into permanent layoffs ... CNBC The dark side of good earnings : Companies are talking about turning “furloughs” into permanent layoffs.

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#Gold drops as bond yields pop higher ahead of the first of three key bond auctions this week. 10-yr real yields rising another 4 bp to -1%

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If the Bank Index can stay green today it would be the first 3 day stretch in two months.

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#Bitcoin is a highly speculative asset, not a currency. #Cryptocurrencies need some stable unit of account in order to be considered a real currency. Don't be tricked, buying bitcoin is a fool's game.

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Goose heading into the open at pre-market lows. It's possible people aren't understanding the excitement over $GOOS shoes. Here are $1,000 Fendi moon boots. Now imagine them in red. Game: Changed.

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Today everyone will have sold their tech stocks at the highs and have been buying banks and airlines for weeks.

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Cytodyn Announces Clinically Significant Top-Line Results From Its Phase 2 Covid-19 Trial

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People pointing to rising real yields as a reason for gold's selloff. Perhaps. But the fall in gold is more significant than the rise in real yields, which, by the way, are still quite negative...


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@Ole_S_Hansen retweeted
"Copper looks a bit toppish and we had a warning shot on Friday when the market took a tumble,” said @Ole_S_Hansen at @SaxoBank #Copper dips as #USA-#China tensions simmer, #economy weighs bit.ly/3gMh4WB #metals #commodities #coronavirus

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With the S&P 500 about to make new all-time highs, the number one question we get is how can this happen when the economy is still overall quite weak? Well, the S&P 500 isn't GDP and here we list four great ways to explain this. lpl.com/news-media/res


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@LiveSquawk retweeted
More testing only uncovers more positives when there are positives to be found. In New York, daily new cases have gone down as testing has gone up.

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Just did a little spit take on the news Goose is expanding into footwear. Finally. Please be moon boots.



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ECB: Euro Money Market Statistics: Fourth Maintenance Period 2020 – ECB ecb.europa.eu/press/pr/stats

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$GOOS down 7% into the call. I'm listening in just in case puffy jackets sold through bankrupt department stores are still the future of apparel. So far we've mentioned leaning in to being galvanized, particularly when it comes to strategic alliances. We've got a jargon barf.


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The S&P 500 is up more than 50% from the March lows. Although we don't consider this just a bear market bounce anymore, some have been in that camp the whole way up. Here is where this ranks with the other bear bounces.

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Interesting price action: Risk on or off? S&P up but Nasdaq down. Gold down sharply while bonds selloff. USD broadly lower.

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Consistent with the strong economic recovery theme in #markets this morning (see prior tweet), yield on US government #bonds are notably higher across the board. The 10-year is trading at 0.62%, a level not seen for over a month ( @markets chart below). #economy

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What is the outlook for Europe, China and emerging markets? What are asset markets pricing and what is their outlook? For my answers to these questions join me today Tuesday August 11th at 10am ET at NourielToday.com 3/3

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What is the outlook for vaccines and other treatments? Will US political and electoral cycle hurt growth? How severe the Cold War between the US and China? Which risks from the Middle East? NourielToday.com 2/3

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Looks like GA of Clusters on Amazon AWS. Big news with 20 AWS regions ready. They listed Penn National Inusrance and Australian Bureau of Statistics as customers using it now.

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$NLS up 17%. This "Home Gym" thing is kind of a big deal. NLS has soaring revenues and a growing backlog, with marketing spend reduced dramatically. The company is focused not on dumbbell instock but the fall release of a new crazy-ass Homer-Mobile machine. Which is fine.
@JeffMacke
“MOAR phallic handles whizzing around my head!” $NLS knows what we want.



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#LPLAdvisors We start soon, see you there! #LPLMorningCall
@LPLResearch
#LPLAdvisors, please join our Fixed Income Tuesday #LPLMorningCall at 8:45am ET. Please see the @LPL Resource Center for details.

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Gold's selloff accelerates after the inflation data, dropping the most in dollar terms since March. You'd think that higher inflation would push more investors into gold....

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@AnneMarieTrades retweeted
Valid point.
@zerohedge
Dear @federalreserve and @neelkashkari your ongoing purchases of AAPL bonds to fund the buybacks that just made Tim Cook a billionaire are appreciated by all. Keep up the great work.

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Producer price inflation came in hotter than expected. Longer-term Treasury yields shift higher.

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July PPI +0.6% m/m vs. +0.3% est. & -0.2% in prior month; core +0.5% vs. +0.1% est. & -0.3% prior … PPI y/y -0.4% vs. -0.7% est. & -0.8% in prior month; core +0.3% vs. flat est. & +0.1% in prior month (note different axes on chart)


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PPI final demand up more than expected by 0.6% month to month on higher energy prices. Year/year change is still negative at -0.4%.

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It's frankly amazing to me places like $DENN are still alive and serving. This is a good Denny's in DelMar. Well managed, steady traffic. It's reduced to serving in tents with seating next to a gas station. It's a remarkable effort by Denny's but they can't win like this.
@JeffMacke
Denny’s has recreated European sidewalk dining in their parking lot. Plenty of seats available. $DENN


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US PPI Final Demand (Y/Y) Jul: -0.4% (est -0.7%; prev -0.8%) US PPI Ex Food, Energy (Y/Y) Jul: 0.3% (est 0.0%; prev 0.1%) US PPI Ex Food, Energy, Trade (Y/Y) Jul: 0.1% (est 0.1%; prev -0.1%)

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@tylercowen retweeted
And it's an opportunity that others can share. We are hiring more people twitter.com/hahriehan/stat. These are endowed open-rank lines. More here snfagora.jhu.edu/about-snf-agor.
@hahriehan
Big news @SNFAgoraJHU! Not only do we have amazing new faculty on our team, we also are hiring! See below & please spread the word about our jobs (note they are on Interfolio, & are wrangling their way to various job sites) @womenalsoknow @POCalsoknow twitter.com/SNFAgoraJHU/st…


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US PPI Final Demand (M/M) Jul: 0.6% (est 0.3%; prev -0.2%) US PPI Ex Food, Energy (M/M) Jul: 0.5% (est 0.1%; prev -0.3%) US PPI Ex Food, Energy, Trade (M/M) Jul: 0.3% (est 0.2%; prev 0.3

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Assumes dynamic diplomatic breakdown impacts blended in too? "According to our estimates, a complete permanent shutdown of international business travel would shrink global GDP by over 17% of GDP" Why Zoom Can’t Save the World by Ricardo Hausmann @ProSyn

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$PPG | PPG Has Raised Its 3Q20 Sales Estimates Sees Q3 Sales Volume: -6% To -11% (prev saw: -8% To -15%)


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Canadian Housing Starts Jul: 245.6K (est 205K; prevR 212.1K; prev 211.7K)

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@AnneMarieTrades retweeted
$SPX Movers: Leisure/Travel lift on Macau opening plus RCL/MAR results. Energy and Basic Materials also strong. Downside is led by Tech and Healthcare. $XLY $JETS $XLE $XLB $XLK $XLV

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$USDCNH $USDCNY | US Pres Trump: Used To Have A Very Good Relationship With China's Xi But He Doesn't Feel The Same Way Now -Fox Sports Radio Interview

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Small Business Optimism Index from @NFIB unexpectedly fell in July to 98.8 vs. 100.5 est. & 100.6 in prior month; uncertainty increased, while real sales expectations & expected better business conditions declined…owners continue to temper expectations of future conditions

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I'm sorry about $GOOS. *jaw flex. *sweat. We all liked it. Not. Really. Maverick. Shares down 7%. Direct actually fell, which isn't great. FFS Goose, you just went public and you can't fulfill without a bunch of mall stores? (Sorry... fell out of Ice character)

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This is not a stock recommendation or "call". Merely an observation. The Inverted Batman chart has never in history been wrong. It's the new "Stocks don't bottom on Fridays" $TGT
@JeffMacke
Na na na na, na na na na, Na na na na, na na na na Inverted Batman. $TGT

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Today. News from Nutanix: $NTNX
@_SeanDavid
August 11th, Nutanix “Special Cloud Announcement”: $NTNX


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$SYY Sysco Corporation Q420 Earnings: Revenue: $8.9B (est $9.52B) Loss/Share: $1.22 (est $-0.34)


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Tuesday: Risk on this morning. USD falls, 10yr treasury yield back to 60 bps and risk asset higher. PPI report should show inflation tame. Still no deal out of Congress. Treasury auctions 3-year notes today.

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Russia vaccine news also creating some headwind today.
@business
BREAKING: Vladimir Putin says Russia has registered the world's first Covid-19 vaccine, and discloses that one of his own daughters has already received it trib.al/RfwG0Jy

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White House Adviser Conway: Trump Will Get Covid-19 Update On Tuesday, 6 Candidates Will Be Discussed – Fox News

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Target is having a moment. $TGT breaking out and the narrative improving. Target will crush if/ when America gets more social again. Soft lines look great (But can’t possibly post huge numbers in a COVID19 world). $TGT

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"Peace at home, peace in the world." --Atatürk

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From 2-3% gains in #Europe to a 200 point plus surge in #Dow Futures, #stocks are rallying again on economic re-opening enthusiasm fuled by solid economic data out of #China and a statement by President #Putin that #Russia has completed clinical trials for a #Covid-19 #vaccine.

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And I thought it would be hard to make the fluctuations in the @Hertz stock price of a few weeks ago seem relatively contained! Here’s what @Kodak #stocks have been doing recently.

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Tallying up added federal unemployment insurance benefits ($600 per week), government spent nearly $250 billion on program from early April to end of July @WSJ @USDOL

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Some groceries still hard to find amid #COVID19; toilet paper & frozen vegetables making comeback, but other backlogs in supply chain causing bare shelves & higher prices @iriworldwide @WSJ

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@LiveSquawk retweeted
The UK department store Debenhams has announced that it plans to cut 2,500 jobs amid the impact of the COVID-19 pandemic For more on this and other news visit

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@LiveSquawk retweeted
Senate returns at 11am today for floor speeches in "Morning Business" w/no votes scheduled. Senators will be given 24hrs notice to return to DC for votes if COVID-19 relief deal is reached. Talks btwn WH and Democratic ldrs are currently stalled. c-span.org/video/?474667- @cspan 2


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Stocks rise on hopes of a Covid-19 vaccine. "Russian President Vladimir Putin says that a coronavirus vaccine developed in his country has been cleared for use and one of his daughters has already been inoculated, even as international experts have questioned its safety"


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Mexican Industrial Production NSA (Y/Y) Jun: -16.7% (est -17.9%; prev -30.7%) Mexican Manufacturing NSA (Y/Y) Jun: -16.5% (est -19.3%; prev -37.1%)




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Top Story on Bloomberg: The recovery has stalled in major advanced economies, with some countries hitting a ceiling on activity, below their pre-crisis levels, according to Bloomberg Economics

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Twitter Economic Sentiment Index from @GoldmanSachs tracks well with @UMich Consumer Sentiment; suggests confidence has stabilized, though it remains quite low relative to pre-pandemic levels @SoberLook @Twitter

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Combined Market Timing Indicator from @MorganStanley—which takes into account valuations, fundamentals & risk—is giving first sell signal since January 2018, as earnings revisions have improved & mutual fund flows have been less negative @SoberLook @MSCI_Inc

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@LiveSquawk retweeted
#China lawmakers wrap 4-day meeting, decide #HongKong legislature should continue performing duties for no less than a year, state media says. (No info on if banned pro-democracy politicians will be allowed to stay. Talk had been Beijing might allow it to ease tensions with US.)

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Private sector financial assets as % of GDP now at all-time high @BankofAmerica @SoberLook @federalreserve


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Despite slight upticks, consumer lending & borrowing interest as per @Google searches have fallen further from @DataArbor’s baseline forecasts

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15.1% (or 548) of publicly-traded U.S. companies now considered zombies, highest on record going back to early 1990s (10-year yield falling below -100bps may have been breaking point) @DataArbor @Bloomberg

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U.S. & European banks’ estimated loan loss provisions already close to 2010 levels; on U.S. side, $76B has been set aside, compared to €56B in Europe ... @Accenture estimates losses from bad debts could rise to $880B by end of 2022 @Bloomberg @refinitiv @Citi @FT

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@dlacalle_IA retweeted
Now even oil is happy on trade optimism, sorry vaccine @dlacalle
@Breaking24Seven
Crude rises on high COVID-19 vaccine hopes #OOTT $WBS $BRN breakingthenews.net/Article/Crude-

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As #COVID19 cases continue to recede in U.S., % of counties with growing cases continues to fall #EvercoreISI


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Headline #ZEW investor confidence in #Germany jumped unexpectedly to a 16-year high this month, but poll respondents expressed increased concern about the current environment. $EUR @EricCulpLS reviews today's report here: livesquawk.com/report/special

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World stock market cap has surpassed 2019 world GDP levels, which previously happened a few years ago & in buildup to GFC @WorldBank @Bloomberg

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Once-#COVID19 hotspots, states like Texas, Florida & California have seen an uptick in @OpenTable seated diners; so is U.S. overall as case growth starts to (broadly) recede @Bloomberg

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US junk bonds are lagging the broad-market risk rally, based on this measure comparing spreads on the debt vs model indexes that include small caps, Treasuries, the S&P, world equities & other metrics. Either junk bonds can rally more or risk assets are poised to fall: @Sebaboyd

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@LiveSquawk retweeted
Macron Is the Wild Card in the UK Attempt to Get an EU Deal ... BBG It looks increasingly like Emmanuel Macron holds the key to whether the U.K. and European Union will get a trade deal.

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Putin claims Russia has developed the first coronavirus vaccine. "As far as I know, a vaccine against a new coronavirus infection has been registered this morning, for the first time in the world," Putin declared, according to RIA Novosti. #COVID19 #OOTT #Russia

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Thank you to @AfifMlika for calling me out as using the wrong index - apologies for that. Looking at BB bonds, they also are trading like Treasuries, but Treasury yields back in 2011, with average yields of 3.85%.

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Just as S&P 500 had best July in a decade, outflows from U.S. equity mutual funds & ETFs reached highest ($42 billion) since 2008 @ICI @Bloomberg [Past performance is no guarantee of future results]

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The lowest-rated US investment-grade bonds are trading as if they were Treasuries. Yields on BBB rated debt hit an all-time low of 2.21% on average last week, less than the yield on 3-month T-bills back in March 2019. (Deleted prior tweet that incorrectly labeled these BB bonds)

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German ForeignMin Maas: EU Partners Are To Discuss US Nord Stream Sanctions


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US NFIB Small Business Optimism Jul: 98.8 (est 100.5; prev 100.6)

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Interesting. Germany ZEW expectation survey improves, current situation plummets.

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Investor confidence in German bounce strengthens.

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European spending data shows households remain cautious and worried about the economy

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NZ Prime Minister Announces First Covid-19 Case In 102 Days

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U.S. government bond prices indicate little concern about inflation, yet traders are steadily pushing up their future U.S. inflation expectations. This could be another sign of policy distorting market signals. But it underscores a growing tension among investors. @queenofchartz

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Aramco will raise the price of domestic gasoline starting in August- state TV #OOTT #Aramco


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German ZEW: However, The Still Very Poor Earnings Expectations For The Banking Sector And Insurers Regarding The Coming Six Months Give Cause For Concern


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German ZEW: According To The Assessments Of The Individual Sectors, Experts Expect To See A General Recovery, Especially In The Domestic Sectors


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German ZEW: Hopes For A Speedy Economic Recovery Have Continued To Grow, But The Assessment Of The Situation Is Improving Only Slowly


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German ZEW Survey Expectations Aug: 71.5 (est 55.8; prev 59.3) German ZEW Survey Current Situation Aug: -81.3 (est -69.5; prev -80.9) Eurozone ZEW Survey Expectations Aug: 64.0 (prev 59.6)

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The UK's labor market crisis is deepening, with signs of much higher jobless rates ahead & wage deflation. Pay excluding bonuses fell 0.2% in Q2 from a year earlier - the first negative reading for basic pay since records began in 2001.

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Russia Pres Putin: We Do Hope Russia Will Soon Begin Mass Production Of Covid-19 Vaccine

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@katie_martin_fx retweeted
Belarusian opposition leader Svetlana Tikhanovskaya says she left the country to be with her children: “God forbid that any of you are faced with the choice I was,” she says. "Children are the most important"
Я уехала к детям | Светлана Тихановская
Поддержать канал можно пройдя по этой ссылке: https://www.donationalerts.com/r/strana888 Вы можете вступить в Сообщество Страна Для Жизни и получать дополнит...
youtube.com

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OECD Composite Leading Indicator Index July 2020 Spain lags OECD and Eurozone


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China End-July Foreign Exchange Deposits $793.7 Bln Vs $747.3 Bln At End-June


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China Outstanding Total Social Financing +12.9% Y/Y At End-July Outstanding Total Social Financing 273.33 Trln Yuan At End-July


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China July Aggregate Financing: 1690B Yuan (est 1850B) China July M2 Money Supply (Y/Y): 10.7% (est 11.2%) China July New Yuan Loans: 992.7B Yuan (est 1200B Yuan)

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$ES_F $YM_F | Russia’s Pres Putin: Russia Has The Registered First Covid-19 Vaccine #COVID19

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Singapore Reports Lowest Daily Covid-19 Cases Since April 2


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Today's Saxo Market Call podcast: soundcloud.com/user-216073084 Equities continue to grind higher while #gold has taken a tumble as real yields and $USD climb. Strong result from $VWS. This and more from @petergarnry and @Ole_S_Hansen Slide deck: bit.ly/3fJ4h5L
August 11, 2020 - New S&P 500 all-time high in sight while gold...
Today's slide deck: https://bit.ly/3ixPtsH - Equities are grinding higher today with a new all-time high in the S&P 500 in sight. The real action continues in gold which dipped below 2,000 earlier as
soundcloud.com

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Spain the most exposed to #TRY Turkey risk. Watch youtu.be/PpSSf34v_N4
@AndreasSteno
Spain is highly exposed to TRY risk, while France has the second biggest exposure. TRY risks in US and Japan are fairly small in comparison. H/T @meremortenlund

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German ZEW Investor Confidence Set For 2nd Straight Drop - LiveSquawk Preview (Data Due At 1000BST) livesquawk.com/report/special

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UK The number of people in employment in Britain fell by 220,000 in the three months to June, the most since 2009, but unemployment rate stands at 3.9%.


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SoftBank Reports 12% Rise In Q1 Net Profit, Doesn't Disclose Operating Profit - Nasdaq

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That didn't age well with #gold seeing a straight line drop to $1990. The bullish narrative remains so I suspect that buyers, having missed the first move, will get involved at these levels.

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#Silver drops 4% with #gold looking for support below $2000. Staying above $27.50 now the focus in order to avoid a deeper correction towards $25.50.
@Ole_S_Hansen
1/2 Having been away while #gold and #silver raced higher, my first week back could well see a correction. Not least silver with $SLV getting very crowded with first timers, copper weakness and the failure by platinum to join the recent rally. $27.5 and $25.5 the downside focus
Show this thread

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@ErikFossing retweeted
Wrong year. Wrong war. Pandemic didn’t end the war. It’s hard to get three things this big wrong in rapid succession. Not sure Biden could pull it off.

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#Gold continues to consolidate in order to validate the surge seen these past three weeks. It's eyeing $2000 ahead of $1980 with the big level being the 2011 high at $1920

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US Dollar is most oversold in 40 years

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Euro area activity recovery has stalled, according to JP Morgan


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UK RNS today #5 - Petrofac - on track to hit cost savings targets and net order intake of $1bn YTD but net loss all in and decided to continue suspending dividends



UK RNS today #4 - Quilter - H1 net client cash flow positive and tentative interim dividend . UK platform transformation on track Bellway - 'customer interest is increasing' and board 'keen to resume dividend payments as soon as there is more certainty'



UK RNS today #3 - Domino's Pizza - half year UK lfl systems sales growth 4.8%, ebit down a tad on Covid-19 costs. Deferred FY19 dividend but paying it in mid-Sept due to solid trading. H2 'encouraging' so far


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UK RNS today #2 - InterContinental Hotels - Q2 revPAR down 74.7% (so not as bad as peer Marriott). July stats show occupancy rising to 45% and revPAR only down 58% yoy... 'Will emerge strongly when markets recover'


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UK RNS today #1 - Plus 500 - big bump in revenues and ebitda (up over 280% and 450% yoy respectively). Interim dividend also up over x2. 'Very confident' about the future citing customer income running at x2 last year so far in H2


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UK Employment Change (3M/3M) Jun: -220K (exp -330K; prev -125K)


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UK Claimant Count Rate Jul: 7.5% (prevR 7.2%; prev 7.3%) UK Jobless Claims Change Jul: 94.4K (prevR -68.5K; prev -28.1K)


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UK Average Weekly Earnings (3M/Y/Y) Jun: -1.2% (exp -1.1%; prev -0.3%) UK Weekly Earnings Ex-Bonus (3M/Y/Y) Jun: -0.2% (exp -0.1%; prev 0.7%)


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UK ILO Unemployment Rate (3M) Jun: 3.9% (exp 4.2%; prev 3.9%)

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@LiveSquawk retweeted
If UK has achieved herd immunity where does Australia go next ... NINE.COM.AU There are some early signs the United Kingdom could be approaching coronavirus herd immunity

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@tylercowen retweeted
We are putting together an open source database of policy interventions in India designed to reduce COVID transmission, at district level. e.g. lockdown, school closure, etc. If you know of or have data like this and can share, please DM. All will be posted as soon as clean.

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@LiveSquawk retweeted
Pres Trump & US Democrats Open to Restarting Relief Talks Despite Stalemate ... WSJ Trump administration officials and Democratic negotiators urged each other to return to the negotiating table to craft a broad coronavirus package

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Japanese Eco Watchers Survey Current SA Jul: 41.1(exp 40.0; prev 38.8)


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Japanese Bankruptcies (Y/Y) Jul: -1.62% (prev 6.26%)

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"You've got to ask yourself one question: 'Do I feel lucky?' Well, do you, punk?" ft.com/content/b0b241


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Swedish PES Unemployment Rate Jul: 5.7% (prev 5.5%)

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@andrewnyquist retweeted
Rubber match spot $gdx
@andrewnyquist
$GDX Gold Miners worth watching here... #IBDpartner Controlled grind higher giving way to uptick in price volatility... a bigger move may be nearing. Bulls looking for reversal higher off trend support. Bears eyeing breakdown. @IBDinvestors --> bit.ly/2XQBkxI





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Amazing what a load of stimulus and restrained recent consumption can do
@LiveSquawk
UK Barclaycard Consumer Spending (Y/Y) July: -2.6% (prev -14.5%) - Smallest Annual Fall Since Lockdown Began

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The S&P 500 is less than one percent away from one of the fastest bear market recoveries ever. Some were faster, but they also didn't go down 34%. For instance, '87 also saw a 34% bear, but it took 20 months to recover.


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Tough love: many of you are better looking and not as smart as you think.

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According to @COVID19Tracking today saw: * 42k new cases, lowest since July 6 * 5.8% of tests positive, lowest since June 22 * 426 deaths, lowest since July 20 * Lowest 7-day MA of new cases since July 9

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@mutny_tip retweeted
A Brilliant Check-List by Real Mega Man: - High dividend yields are dangerous - Great companies rarely gets cheap - Don't buy cheap stocks in bad industries. Usually value traps - He who generates the most FCF with fewest assets wins h/t: @valueterminal for the formatting.

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Wow, lumber more than doubled in about 4 months. This isn't what you tend to see in a recession, again why this recession isn't like anything we've ever seen before.


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@JeffMacke retweeted
A generally friendly version of “Bender”.

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No doubt totally spurious, but the last 3 times the S&P 500 made a new all-time high in August during an election year saw the incumbent party lose ('80, '92, '16). The S&P 500 is less than a percent from new highs currency.

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Which were you in High School (must self-silo in one)
Nerd
35.6%
Rebel
25.8%
Beauty
4.1%
Jock
34.5%
438 votes · Final results

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Australian NAB Business Conditions Jul: 0 (R prev -8) - NAB Business Confidence Jul: -14 (prev 1)