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Thursday, October 29, 2020
futures-slide-after-china-punishes-australia-over-coronavirus-origin-probe,-bans-35%-of-beef-imports

Futures Slide After China Punishes Australia Over Coronavirus Origin Probe, Bans 35% Of Beef...

At the end of April, China sparked a diplomatic row after it threatened Australia with an economic hit if it doesn't stop investigating the origins, and Beijing handling, of the coronavirus pandemic. As a reminder, Chinese Ambassador Cheng Jingye told Sky News that while China's response may not have been "perfect," Australia's inquiry was "dangerous,"…
stocks-slide-as-cdc-confirms-53-cases-in-the-us

Stocks Slide As CDC Confirms 53 Cases In The US

Summary: Stocks slide as CDC releases new US case numbers Italy reports 7th death, 200+ confirmed cases WHO says outbreak not yet a 'pandemic' First cases reported in Oman, Bahrain WHO kowtows to China in statement Wuhan issues order to loosen lockdown, then U-turns NHC says outbreak is fading, though situation remains "grim" China approves…
stocks-slide-on-unconfirmed-reports-of-“massive-explosions”-at-us-military-base-in-iraq

Stocks Slide On Unconfirmed Reports Of “Massive Explosions” At US Military Base In Iraq

Update: according to WaPo reported Mustafa Salim the Iraqi 7th division commander has "completely denied" any attack took place: I just called the Iraqi army 7th division commander who is based there, he completely denied it — Mustafa Salim (@Mustafa_salimb) January 3, 2020 * * * All day there was speculation if, when and how…
yields-slide-after-stellar-7y-auction-concludes-treasury-sales-for-the-decade

Yields Slide After Stellar 7Y Auction Concludes Treasury Sales For The Decade

In the same week which saw a dismal 2Y auction with the worst bid-to-cover in 11 years, and a whopper of a 5Y auction, moments ago the Treasury concluded its last coupon auction sale for the year, and the decade, in the form of a stellar auction of $32 billion in 7Y notes. The sale…
stocks-slide-after-trump’s-top-china-trade-advisor-says-“tariffs-could-go-to-100%”

Stocks Slide After Trump’s Top China Trade Advisor Says “Tariffs Could Go To 100%”

Yesterday, moments ago Powell reminded president Trump that all he would need to see to cut rates further, would be additional weakening in the global economy, we - jokingly - said that any second now Trump would announce China tariffs would be hiked to 100%. POWELL: IF ECONOMY WEAKENS, MORE EXTENSIVE CUTS MAY BE NEEDED…
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