Thursday, July 7, 2022

Thursday, July 7, 2022
Doug Noland Posted on July 7, 2022


[Yahoo/Bloomberg] Stocks Rise; Pound Jumps as Johnson Quits: Markets Wrap

[CNBC] U.S. Treasury yields extend gains as bond markets continue to flash recession warning signal

[Yahoo/Bloomberg] Oil Extends Volatile Week as Tight Market Vies With Slowdown

[Yahoo Finance] Corn, soybeans, wheat down over 20% from peaks

[Yahoo Finance] U.S. weekly jobless claims rise; layoffs hit 16-month high in June

[Reuters] U.S. trade deficit narrows in May; exports hit record high

[Reuters] After scandals, Boris Johnson quits as UK prime minister

[Reuters] Factbox: Now UK’s Boris Johnson has quit, who could replace him?

[Yahoo/Bloomberg] ECB Tool Has Name, But Arrival on July 21 Seems Uncertain

[Yahoo/Bloomberg] China Considers $220 Billion Stimulus With Unprecedented Bond Sales

[Reuters] Shanghai back on alert as China battles COVID outbreaks

[Yahoo/Bloomberg] Huarong Perpetual Dollar Bond Tumbles Most Since Debt Scare

[Yahoo/Bloomberg] China’s Steel Industry Sounds the Alarm Over Crisis Conditions

[AP] China lashes out at US, British intelligence services

[Yahoo/Bloomberg] Ukraine Latest: Russia Hits Snake Island a Week After Evacuating

[Reuters] Russia warns humanity at risk if West seeks to punish it over Ukraine

[Yahoo/Bloomberg] Defiant Johnson Refuses to Quit, Fires Gove Over Past Betrayal

[NBC] BA.5, now dominant U.S. variant, may pose the biggest threat to immune protection yet

[Reuters] Heads of MI5, FBI give joint warning of growing threat from China

[ABC] FBI director calls China ‘biggest’ US threat, details attempts to ‘undercut’ economy

[USAT] ‘Clear the lake is in trouble’: Great Salt Lake breaks record low level for the second time in a year amid drought

[Reuters] Sydney residents assess flood damage as wild weather eases

[Bloomberg] China Property Slide ‘Early’ in Game After $1 Trillion Defaults

[Bloomberg] ECB Agrees Gradualism Doesn’t Mean Slow Tightening, Small Steps

[Bloomberg] Shanghai Cases Double in a Day, Fueling Lockdown Fears

[WSJ] In Voyager Bankruptcy, Crypto Trading Firm Alameda Is Creditor, Shareholder and Borrower

[FT] Boris Johnson bows to pressure and quits as Conservative leader

[FT] Who will replace Boris Johnson as UK prime minister?

[FT] Federal Reserve officials warn entrenched inflation poses ‘significant risk’

[FT] New Covid variants threaten China’s mRNA vaccine hopes

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