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Bloomberg
Cathie Wood Says US Dollar Strength Could Yet Prompt Fed Pivot
(Bloomberg) — US dollar strength has been “devastating to the rest of the world and should come back to bite” the country’s competitiveness and economic activity, eventually “forcing the Fed to pivot” away from its restrictive monetary policy, Ark Investment Management CEO and Founder Cathie Wood said in a series of tweets on Monday. Most Read from BloombergJohn Paulson on Frothy US Housing Market: This Time Is DifferentEverything-Selloff on Wall Street Deepens on 98% Recession OddsStocks, Comm
Bloomberg
Goldman and BlackRock Sour on Stocks as Recession Risk Rises
(Bloomberg) — Goldman Sachs Group Inc. and BlackRock Inc. are turning more bearish on equities for the short term, warning that markets are yet to price in the risk of a global recession.Most Read from BloombergJohn Paulson on Frothy US Housing Market: This Time Is DifferentEverything-Selloff on Wall Street Deepens on 98% Recession OddsStocks, Commodities Drop; US Treasury Yields Surge: Markets WrapUK Market Selloff Slams Gilts, Pound, Piling Pressure on BOEWall Street Banks Prep for Grim China
Bloomberg
Buy US Treasuries to Prepare for 2023 Downturn, Citi Strategist Says
(Bloomberg) — Citigroup Inc.’s Steven Wieting says buying US Treasuries is the way to prepare for 2023, when an economic downturn will cut earnings and employment.Most Read from BloombergJohn Paulson on Frothy US Housing Market: This Time Is DifferentUK Market Selloff Slams Gilts, Pound, Piling Pressure on BOEStocks, Commodities Drop; US Treasury Yields Surge: Markets WrapWall Street Banks Prep for Grim China Scenarios Over TaiwanOnce-Hot Fake Meat Sees Sales Slide on Price and Being Too ‘Woke’
The Daily Beast
Not So Fast, Democrats. Your Blue Wave Might Still Be a Mirage.
Drew Angerer/GettySo you’re saying there’s a chance? Call it “wishcasting” if you like, but for the first time in a long time, Republicans are starting to see the slimmest ray of hope in midterm polling results.The most conclusive evidence is in the U.S. Senate races that could determine control of the upper chamber.In Nevada, Republican challenger Adam Laxalt narrowly leads Sen. Catherine Cortez Masto. After getting off to a rough start in Wisconsin, Sen. Ron Johnson is down just 1 point to Lt.
Ukrayinska Pravda
Medvedev makes forecast about nuclear strike on Ukraine
STANISLAV POHORILOV – TUESDAY, 27 SEPTEMBER 2022, 11:54 Dmitry Medvedev, Deputy Chairman of the Russian Security Council believes that Russia can launch a nuclear strike on Ukraine with impunity, since NATO countries will not take retaliatory steps, worrying about their own security.
Reuters Videos
Russian man shoots up draft office in Siberia
STORY: A video, published on social media shows the gunman opening fire at at least one person inside the draft office, as others are seen running. Uniformed officers are then seen standing over a detained person on the ground outside the building.Reuters was able to confirm the location of the video from the features around the building that match file and satellite imagery.Irkutsk region Governor Igor Kobzev wrote on the Telegram messaging app that the draft office head was in hospital in a critical condition, and that the detained shooter “will absolutely be punished”.A number of draft offices have been attacked since Russian President Vladimir Putin declared a partial mobilisation last Wednesday (September 21) to bolster Russian forces in Ukraine.
The Daily Beast
Tucker Craps All Over Kevin McCarthy’s Midterm Election Agenda
Fox NewsTucker Carlson on Monday heaped praise on Giorgia Meloni, the far-right politician who will likely become Italy’s next prime minister, citing her comments about the nuclear family as an example of what is lacking in the Republican Party’s recently unveiled congressional platform.The Fox host complained that the GOP’s agenda, which House Minority Leader Kevin McCarthy released on Friday, doesn’t sufficiently detail the supposed threat to families that those on the left represent.While Mel
Bloomberg
Everything-Selloff on Wall Street Deepens on 98% Recession Odds
(Bloomberg) — Monday brought a stark warning for Wall Street daredevils: Stocks are still in free fall and bearish sentiment is far from getting exhausted — especially with hawkish central bankers rattling recession-obsessed markets like this.Most Read from BloombergJohn Paulson on Frothy US Housing Market: This Time Is DifferentStocks, Commodities Drop; US Treasury Yields Surge: Markets WrapEverything-Selloff on Wall Street Deepens on 98% Recession OddsUK Market Selloff Slams Gilts, Pound, Pi
The Wall Street Journal
British Pound, U.K. Bonds Rally
The U.K.’s pound and government bonds recovered somewhat, as investors digested statements from the Bank of England and the Treasury. + _**Sterling**_ rose 1.2% against the dollar, trading at 1.0818 to $1. It [hit a record low](https://www.wsj.com/articles/british-pound-bonds-roiled-as-tax-cut-plans-spook-investors-11664192138) Monday. + _**Gilts**_ rallied with the biggest moves in shorter-dated bonds. The yield on a benchmark 2-year bond declined to 4.278%, from 4.527% Monday. “We are at least
Reuters
Oil rises from 9-month low on U.S. Gulf supply cuts, softer dollar
Oil rose more than 1% on Tuesday from a nine-month low a day earlier, supported by supply curbs in the U.S. Gulf of Mexico ahead of Hurricane Ian and a slight softening in the U.S. dollar. Analyst expectations that the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, may take action to stem the drop in prices by cutting supply also lent support. U.S. West Texas Intermediate (WTI) crude was up $1.08, or 1.4%, at $77.79.
Bloomberg
Stock Trade Ban for Congress Is Being Readied for Release in US House
(Bloomberg) — Senior House Democrats are poised to introduce long-promised legislation to restrict stock ownership and trading by members of Congress, senior government officials and Supreme Court justices.Most Read from BloombergJohn Paulson on Frothy US Housing Market: This Time Is DifferentStocks, Commodities Drop; US Treasury Yields Surge: Markets WrapEverything-Selloff on Wall Street Deepens on 98% Recession OddsUK Market Selloff Slams Gilts, Pound, Piling Pressure on BOEWall Street Banks
MarketWatch
Biden proposes new rule to provide better disclosure of airline fees
President Joe Biden is proposing a new rule that would require airlines and travel websites to provide better disclosures about certain fees, according to a White House statement on Monday. “Under the proposed rule, airlines and travel search websites would have to disclose upfront — the first time an airfare is displayed — any fees charged to sit with your child, for changing or cancelling your flight, and for checked or carry-on baggage,” the White House said. Biden is slated to discuss the
Reuters Videos
Italian newly weds start married life casting votes
STORY: The new bride in her long white dress and the groom began their life together by heading to the polling station to cast their ballots after the ceremony in a church in Marsciano.Boldrini and Cicioni had chosen their wedding date months ago, which then happened to fall on a national election day.Polls opened at 7 a.m. (0500 GMT) and voting will continue until 11 p.m. (2100 GMT) when exit polls will be published.Italy’s first autumn national election in over a century was triggered by party infighting that brought down Prime Minister Mario Draghi’s broad national unity government in July.
American City Business Journals
Tellurian loses deals with Shell, Vitol for Driftwood LNG project
The termination notices with Shell and Vitol came just days after Tellurian announced withdrawing a bond sale that would have supported construction at Driftwood LNG.
