‘Good News Is Bad News’: Big Jobs Beats Sends Rate-HIKE Odds Soaring; Batters Bonds, Stocks, Gold A four standard deviation beat for non-farm payrolls this morning (good news) is triggering ugly reactions (bad news) across markets with rate-hike odds for September ripping back up near recent highs (despite no signs of inflationary wage growth – in fact it is slowing)… Audrey Childe-Freeman, Bloomberg Intelligence’s chief FX […]

Labor Shock: US Adds 162K Jobs In August, 4-Sigma Beat And Above Highest Forecast In our jobs report preview we quoted JPM’s Market Intel desk which said that today’s August payrolls number will be a case of “good news is bad news”, and sure enough futures are sliding  and yields surging after moments ago the BLS reported that in August, the US added a whopping 162K jobs, up from an upward revised 21K (July is no longer negative […]

Futures, Yields Flat Ahead Of August Jobs Report US futures are choppy, trading between unchanged and modestly higher, ahead of today’s jobs report which sees a modest increase in August payrolls (but the risk is for another negative print, see our preview here). As of 8:00am ET, S&P futures are flat and Nasdaq futures gain 0.5% as Mag 7 stocks trade mixed premarket, with NVDA (+1.4%) and AMZN (+0.7%) leading and TSLA (-2.1%) […]

Spain Gasses Its Own People; Police Probe Migrant/Soros NGO Acid Buys In Ceuta Authored by Steve Watson via Modernity News, Spanish National Police have been examining a bulk purchase of hydrochloric acid and aluminium foil in Ceuta after supermarket staff flagged a large group of migrants, reported as mostly Moroccan, buying the two products together. Spanish outlets citing police sources identified activists from the NGO No […]

GE Vernova Finds Its Footing In Sweden With Studsvik After Loss To Rolls Royce Swedish nuclear life-cycle services company, Studsvik AB, announced an agreement with GE Vernova Hitachi (GVH) and Samsung C&T for 1.2 GW of new nuclear energy in Sweden. Project developer Studsvik selected the GVH boiling water reactor design, the BWRX-300, to be constructed by Samsung C&T. The consortium is targeting first-unit operation in […]

Lululemon Crashes After Another Brutal Guidance Cut; Jefferies Flags “Triple Whammy” Quarter Lululemon Athletica shares crashed in premarket trading in New York after the athletic-apparel retailer slashed its full-year outlook again, suggesting that demand in the Americas is deteriorating as Alo and other rivals gain market share. The move also puts mounting pressure on its incoming chief executive to revive the struggling brand. […]

The Rising Cost Of Electricity In The United States Across the U.S., Americans are paying roughly 30% more for electricity than in 2020. This graphic, via Visual Capitalist’s Cody Good in partnership with the National Public Utilities Council, uses data from the U.S. Energy Information Administration to show the change in average retail electricity prices by state across all sectors from 2020 to 2025. Where Electricity Prices […]

Hormuz Disruptions Could Drag Into Next Year, Japanese Tanker Giant Warns Submitted by Tsvetana Paraskova of OilPrice.com, Japan’s Mitsui OSK Lines, the world’s largest tanker operator, expects the shipping disruptions at the Strait of Hormuz to continue for longer than previously expected, with no normalization by the end of the year, due to this week’s re-escalation of hostilities. “Given the current situation, it’s […]

Rogan To Lindsey Clancy Fans: Look At The Crime Scene Authored by Steve Watson via Modernity News, Joe Rogan has had enough of the women lining up outside a Massachusetts courthouse in pink to cheer a mother who strangled her three children to death. Sitting with comedian Brian Simpson, he refused to accept the “Free Lindsay” spectacle as a mental-health awareness campaign. He treated it as a grotesque inversion of basic human […]

Ukrainian Sea Drone Destroys Russian Ship Vital To CPC Oil Repairs Tit-for-tat attacks on commercial vessels in the Black Sea as well as Sea of Azov have been raging all summer, but Ukrainian forces are now strategically going after smaller ships which yet play an outsized role in repair and logistics related to damaged Russian and central Asian oil infrastructure. “Ukraine attacked a small service ship involved in planned repair […]

Finnish President Just Made Some Surprisingly Frank Comments About Russia Authored by Andrew Korybko, He argued that it’s not plotting to test NATO’s resolve, its resilience to immense hardships “should never be underestimated”, suggested that the conflict will end without Ukraine recovering its lost territories, praised the CIA chief for visiting Russia, and called for “someone in Europe” to follow suit. Finnish […]

Ferrari’s Hybrid Hangover: Collectors Stampede Into Legacy V8s And V12s Exotic-car collectors continue to shun hybrid Ferraris (Read May’s sportscar report) in favor of legacy V8 and V12 petrol-powered models, pushing used-car values sharply higher. One possible driver is concern over long-term ownership costs: hybrid and fully electric supercars combine complex electronics, high-voltage battery packs, and sophisticated […]

Russia’s Oil Revenue Sinks As Urals Falls To $59 Submitted by Julianne Geiger of OilPrice.com Russia collected 326.2 billion rubles, or about $3.76 billion, in net oil revenue in August, down 22% from a year earlier and the lowest monthly total since February. Russia’s tax authority calculated August oil revenues using a crude price of just over $59 per barrel. Urals, Russia’s main export grade, averaged almost $95 per […]

Grain That Feeds Half The World Set For Biggest Annual Gain Since 2003 Chicago rice futures are on track for their largest annual gain since 2003 as the grain that feeds much of the world becomes increasingly expensive amid an intensifying El Niño and diesel-fuel and fertilizer supply disruptions stemming from turmoil in the Strait of Hormuz and the Russia-Ukraine war. Despite encouraging signals of a potential Black Sea peace […]

Germany’s Anti-Immigration AfD Party Reaches Record Support Days Before Pivotal State Election Via Remix News, The Alternative for Germany has reached a record high of 43 percent in the eastern German state of Saxony-Anhalt for the first time in an Insa poll, which was commissioned by Nius newspaper. Sven Schulze (CDU, left), Minister President of Saxony-Anhalt, and Ulrich Siegmund (AfD, right), the top candidates, are on stage […]

Australia, US To Speed Up Defense Cooperation, Permanent US Submarine Force On Track Authored by Monica O’Shea via The Epoch Times, Australian leaders have pledged to speed up defence cooperation during high level talks. Australia’s Defence Minister Richard Marles met U.S. Secretary of War Pete Hegseth at the Pentagon and Vice President JD Vance on Sept. 2. A Pentagon readout of the Hegseth meeting said “both leaders agreed to […]

China Maps South China Sea Floor At Twice The Resolution Of Global Models China says it has dramatically improved its ability to chart the ocean floor, producing detailed seabed maps that outperform widely used global models in both resolution and accuracy, according to the South China Morning Post. The advance is the product of more than two decades of work by a research group led by Professor Wu Ziyin at the Second Institute of […]

Cuba Says US Waging A ‘War Without Bombs’ Authored by Dave DeCamp via AntiWar.com Lianys Torres Rivera, Cuba’s top diplomat in the US, has told Bloomberg that the Trump administration is unwilling to continue talks with the island nation and described the ramped-up US oil embargo, which has caused a devastating humanitarian crisis in the country, as a “war without bombs.” “The channel for dialogue is at a complete standstill,” […]

Austin Woman Arrested After Police Find Hundreds Of Suspected Stolen Bank Cards, Keys And Mail A routine arrest in North Austin developed into a much broader investigation after police said they discovered a large collection of mail, payment cards, checks and postal keys believed to have been stolen, according to Yahoo. Austin police arrested 42-year-old Elizabeth Rozo on Aug. 25 after officers tracked her to an apartment complex […]

Chinese Refiners Pay Record Premiums For Russian ESPO Crude Authored by Irina Slav via OilPrice.com, Chinese refiners are paying a hefty premium for Russia’s ESPO crude to replace Iranian crude that independent refiners were importing before the U.S. installed its naval blockade on the country. East Siberia-Pacific Ocean crude, or ESPO, for delivery in November is trading at a premium of over $7 per barrel, with offers reaching […]

Bibi Makes Crystal Clear That Toppling Iran Is Israel’s ‘Central Mission, Within Reach’ The Trump White House is reportedly looking to try and keep things ‘quiet’ related to the Iran war and Strait of Hormuz leading into the November midterms, after an intense flare-up in fighting this week. “Top aides to President Donald Trump are pushing to keep the Iran war from escalating before November’s midterm elections to staunch […]

China-Linked Hackers Hid In Cisco Routers, Stole Administrator Credentials: Report Authored by Arthur Zhang via The Epoch Times, A China-linked cyberespionage group compromised Cisco routers and hid its activity from the network administrators who managed them, cybersecurity firm Sygnia said in an Aug. 27 report. The Cisco logo is displayed in front of Cisco headquarters in San Jose, Calif., on Feb. 9, 2024. Justin Sullivan/Getty […]

Democrats Cry Foul As DHS Launches Voter Fraud Probe In 9 States The Department of Homeland Security opened a coordinated voter fraud investigation across nine states this week, and Democratic election officials are not taking the news well… CNN reported that internal federal guidance directs Homeland Security Investigations, the investigative arm of Immigration and Customs Enforcement, to build criminal cases against people […]

Asian LNG Prices Surge To Highest Since 2022 As Iran War Escalates Authored by Irina Slav via OilPrice.com, Spot LNG prices for Asian buyers went up to almost $26 per million British thermal units yesterday for a 5% weekly gain following the resumption of strikes between the United States and Iran. Spot LNG for Asia traded at $25.908 per mmBtu late on Wednesday, Bloomberg reported, citing unnamed traders, after President Donald […]

Mamdani Has A Nearly 200 Person “Influencer Network” Sometimes Paid Using Taxpayer Money A new investigation is putting Mayor Zohran Mamdani’s social media operation under scrutiny after revealing that City Hall has cultivated a network of nearly 200 online creators to help distribute information about the administration, according to the New York Post. The Columbia Journalism Review reports that members of the network receive […]