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The Emperor Has No Cortex with John Rubino​

Jul 10, 2024 #KerryLutz #JohnRubino #PoliticalAnalysis

*Nothing to see, can listen in one tab, play around the forum in a different tab.

Welcome to our latest video where Kerry Lutz and John Rubino dive deep into pressing topics shaping our world today. This discussion is packed with valuable insights, covering the current political landscape, potential VP candidates for Trump, the rising gold prices' impact on mining companies, Tesla's recent performance, stock market trends, and media influence on critical thinking.

40:48

Read John's work @ https://Rubino.Substack.com
 

Nvidia leads Nasdaq and S&P 500 to record high closes​

  • S&P 500 crosses 5,600 mark for first time
  • TSMC up on strong Q2 revenue growth
  • Intuit to cut about 1,800 jobs; shares fall
  • S&P 500 +1.02%, Nasdaq +1.18%, Dow +1.09%
July 10 (Reuters) - The Nasdaq and S&P 500 rallied to record high closes on Wednesday, fueled by gains in Nvidia and other Wall Street heavyweights ahead of inflation data and quarterly earnings reports due this week.

It was the Nasdaq's seventh straight record-high close and the S&P 500's sixth straight. The S&P 500 crossed 5,600 for the first time after Federal Reserve Chair Jerome Powell stoked expectations for an interest-rate cut in September.

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Scrap Metal Market Update: Copper's Post-Holiday Surge and Sudden Decline!​

This Week's Scrap Metal Market Highlights
Join us as we examine the latest movements in the scrap metal market, focusing on copper and other vital metals. From unexpected price jumps to market retractions, you'll gain the insights you need to stay ahead!

Read more: https://iscrapapp.com/blog/weekly-scr...

8:42
 

Morning Bid: CPI caution seems no barrier, sterling surges​

July 11, 2024 6:17 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

If Federal Reserve boss Jerome Powell had any inkling of the June U.S. inflation readout when speaking to Congress this week, then today's critical report doesn't look like it will prove a game changer.

But given the buoyancy of U.S. (.SPX), opens new tab and world stocks (.MIWD00000PUS), opens new tab at record highs and pretty serene Treasury and interest rate markets, that doesn't seem much of a bother for global markets right now.

As is now typical, the latest U.S. consumer price report grabs all the attention on Thursday. And an encouraging down tick in headline annual inflation is expected to be twinned by a "core" rate still stuck at a punchy 3.4%.

Powell remained cautious during the second leg of his congressional testimony on Wednesday. And yet futures stay wedded to two quarter-point Fed rate cuts this year, while 10-year Treasuries easily absorbed the latest sale of new paper.

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Nasdaq ends sharply lower as investors rotate out of Big Tech​

  • CPI shows inflation eased in June
  • Wall Street heavyweights drop, small caps rally
  • Airlines slump after Delta results
  • S&P 500 -0.88%, Nasdaq -1.95%, Dow +0.08%
July 11 (Reuters) - The Nasdaq (.IXIC), opens new tab ended sharply lower on Thursday, hit by losses in Nvidia, Apple and Tesla as investors rotated into smaller companies after softer-than-expected inflation data fed bets the Federal Reserve will cut interest rates in September.

The S&P 500 (.SPX), opens new tab also lost ground after a Labor Department report showed U.S. consumer prices fell unexpectedly in June and the annual increase was the smallest in a year, drawing the Fed closer a September rate cut. The Dow finished with modest gains.

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Seized suezmax leaves Iranian waters after 441 days - Splash247

The Advantage Sweet, a suezmax tanker apprehended by the Iranian military in April 2023, is on the move. VesselFinder data shows the ship departed Iranian waters yesterday and is currently heading south into the Arabian Sea. The ship, owned by a Chinese leasing company, was on charter to Chevron...
splash247.com
 

Morning Bid: Disinflation, rotation and a bruised dollar​

uly 12 (Reuters) - A look at the day ahead in U.S. and global markets from Mike Dolan

A violent rotation from Big Tech into small cap stocks followed the surprisingly benign June U.S. inflation report, while U.S. borrowing rates and the dollar plunged and Japan's yen stole the currency show.

What's now become almost traditional market volatility on U.S. CPI day didn't disappoint on Thursday.

Although there's been some steadying of the ship early on Friday as major U.S. banks prepare to kick off the second-quarter earnings season in earnest, confirmation of a resumption of disinflation has left its mark.

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Capital Link Shipping Week 27

Drewry WCI 11 Jul

World Container Index - 21 Nov

21 Nov 2024: Drewry’s World Container Index decreased 1% to $3,413 per 40ft container this week.
www.drewry.co.uk

Fearnleys Week 28

Commodities - Live Quote Price Trading Data

Trading Economics provides data for several commodities including live bid/ask quotes, last trading prices, forecasts, charts with historical time series and news. This table was last updated on Monday, November 11, 2024.
tradingeconomics.com
 

Take Five: Cancel Summer?​

LONDON, July 12 (Reuters) - Pressure on Joe Biden to step out of the U.S. presidential election race, mounting expectations of a September Fed rate cut, Q2 earnings, an ECB meeting and Britain's king unveiling the legislative programme of the new Labour Government.

Don't race off for that summer break just yet.

Here's what to expect in the week ahead for world markets from Ira Iosebashvili in New York, Yoruk Bahceli in Amsterdam, Li Gu in Shanghai, and William Schomberg and Amanda Cooper in London.

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1950s DOLLAR VS today in Silver news​

Jul 10, 2024

In this video we talk about what silver has done from then until now the dollar as lost 92% of ot value since, 1950 where silver has gain.

9:04
 

Weather Halts Container Shipping Around South Africa​

Jul 12, 2024 #supplychain #shipping #containerships

In this Behind The Scenes (BTS) episode, Sal Mercogliano - a maritime historian at Campbell University (@campbelledu) and former merchant mariner - reports on the disruption caused by storms in the Southern Ocean due to storms and its impact on global shipping, particularly the Container sector.

4:11

- Severe Weather Halts Container Shipping at Cape of Good Hope https://gcaptain.com/severe-weather-h...
- U.S. Container Imports Continue to Rise Amid Supply Chain Challenges https://gcaptain.com/u-s-container-im...
- Rush to Prevent Oil Spill From Grounded Ship Off South African Coast https://gcaptain.com/rush-to-prevent-...
- Why Are the Waves So Big in the Southern Ocean https://youtu.be/LskdMqB7Jyc?si=5yFGv...
 

July Supply and Demand increases beef, pork production forecasts | Weekly Livestock Market Update​

Jul 12, 2024 #agriculture #news #markets

This week, Brent Barnett and ag economist Scott Brown talk about the USDA’s July Supply and Demand data, June retail prices, and consumer sentiment.

13:55

Chapters:

0:00 Introduction
0:36 This week in the markets
5:18 Weekly Slaughter
6:38 Retail Prices
7:30 WASDE
11:38 Consumer Sentiment
12:47 Next week's reports
 

Melting sea ice was supposed to help Arctic shipping, but new research says otherwise​

New research suggests that rapidly melting sea ice in the Canadian Arctic is making shipping routes less accessible, contrary to previous research that suggested it would create new, shorter routes that could become cheaper alternatives to traditional routes that connect the Atlantic and Pacific oceans.

"It's true that the Arctic sea ice in general is showing significant retreat and melting, and will continue to do so, but our new study shows that it's not a simple story," said the study's lead author Alison Cook, who currently works for the Scottish Association for Marine Science.

Cook and her team found that as the thinner ice melts under climate change, centuries-old, thick sea ice from the Arctic Ocean is released.

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The Secret, Magical Life Of Lithium​

One of the oldest, scarcest elements in the universe has given us treatments for mental illness, ovenproof casserole dishes and electric cars. But how much do we really know about lithium?

The Secret, Magical Life Of Lithium | NOEMA

One of the oldest, scarcest elements in the universe has given us treatments for mental illness, ovenproof casserole dishes and electric cars. But how much do we really know about lithium?
www.noemamag.com
 

Morning Bid: Trump hit steepens curve; China's economy judders​

July 15 (Reuters) - A look at the day ahead in U.S. and global markets from Mike Dolan

The shock shooting on Saturday of former President Donald Trump, who is seeking a return to the White House, is reverberating around world markets, with bets that the incident boosts his re-election chances steepening the Treasury yield curve and lifting stock futures first thing.

The full implications of the gun attack on Trump, who escaped with a minor injury to his ear to head to the Republican convention in Milwaukee on Monday, may take some time for the country and investors to absorb.

But for now the simple conclusion is that the shooting likely increases Trump's already considerable chances of returning to the White House after November's election.

For most analysts trying to parse that for markets, that ups the chances of tax cut extensions and higher trade tariffs - leading to even higher U.S. fiscal deficits, even alongside potential growth headwinds and intense political pressure on the Federal Reserve to ease as inflation continues to subside near term.

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US importers balk at return of $10,000 container shipping rate​

LOS ANGELES, July 15 (Reuters) - The cost to ship a standard 40-foot container of toys, auto parts or other goods from Shanghai to New York has jumped to nearly $10,000, fueling frustration among importers and prompting some experts to say the market is in a bubble.

The Drewry World Container Index's spot rate for such a shipment hit $9,387 on July 11. That is more than double the rate from February but still below the peak of $16,000 early in the pandemic when it swelled due to spree buying by homebound consumers.

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Wall St ends higher as investors firm bets on Trump win, rate cuts​

  • Trump Media, crypto stocks, prison operators jump
  • Goldman Sachs rises after results
  • Macy's falls after ending discussions with Arkhouse and Brigade
  • Indexes up: Dow 0.53%, S&P 0.28%, Nasdaq 0.40%
NEW YORK, July 15 (Reuters) - Wall Street closed higher on Monday, building on Friday's rally as increasing expectations of a second Donald Trump presidency in the wake of a failed assassination attempt raised hopes of a looser regulatory environment.

The growing probability that the U.S. Federal Reserve will begin cutting its key interest rate as soon as September also helped feed risk appetite.
While all three major U.S. stock indexes ended well below session highs, the Dow Jones Industrial Average notched an all-time closing high.

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Multiple New Attacks Reported in Southern Red Sea

The United Kingdom Maritime Trade Operations (UKMTO) office has reported three new attacks in the southern Red Sea, including two taking place on Monday. One of the vessels reported minor...
gcaptain.com

UKMTO Summary 06-12 July

JMIC Info Notes
16/07/2024 - 16/07/2024
16/07/2024 - 16/07/2024
 

Global liners flock to Mexico - Splash247

South Korean flagship carrier HMM became the latest liner this week to announce a new service linking China with emerging manufacturing powerhouse Mexico. There have been a rash of similar China-Mexico loops announced in recent months changing the makeup of the transpacific container trades...
splash247.com

Artificial intelligence from Amazon deployed in maritime - Splash247

London-listed Windward, an Israeli maritime AI company, has joined the Amazon Web Services (AWS) ISV Accelerate Program and has collaborated with AWS to launch a generative AI solutions that leverages Amazon Bedrock to improve risk management for the shipping, logistics, and public sectors...
splash247.com

Germany’s CargoKite project presses ahead - Splash247

Lomar’s corporate venture lab, lomarlabs, has signed a collaboration agreement with maritime start-up CargoKite to develop a new ship class of so-called microships using large kite systems as the main method of propulsion and AI for autonomous operation. The design aims to enable low or...
splash247.com
 

Morning Bid: Powell stirs rate hopes, Trump trade cools​

July 16, 2024 6:01 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

After a jarring Monday that spurred a wave of U.S. election trades, world markets zeroed in Federal Reserve easing hopes, China's economic stumble and the unfolding earnings season.

The appearance former President Donald Trump at the Republican party convention after Saturday's failed attempt on his life underscored speculation the attempted assassination now boosts his chance of re-election in November.

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Dollar, US futures rise as 'Trump trade' undermines other assets​

LONDON, July 16 (Reuters) - Global shares dipped on Tuesday as investors pondered what Donald Trump's victory would mean for the rest of the world, while the yen slid against a firmer dollar, prompting more warnings from Japanese officials after last week's suspected intervention.

Federal Reserve Chair Jerome Powell told an event at the Economic Club of Washington on Monday that recent inflation data bolstered policymakers' confidence that price pressures are on a sustainable path lower.

Markets took this as another signal the first U.S. rate cut may not be far off, but investors were more preoccupied by the fallout from the attempted assassination on Saturday of former U.S. President Trump, who nominated J.D. Vance on Monday as his vice presidential running mate.

The MSCI All-World index (.MIWD00000PUS), opens new tab dipped 0.1% but remained in sight of record highs, while in Europe, the STOXX 600 (.STOXX), opens new tab fell 0.3%, driven lower by a handful of earnings misses and the prospect of intensifying trade tensions with the United States under a second Trump administration.

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July USDA supply and demand report levees surprises | Weekly Commodity Market Update​

Jul 16, 2024 #agriculture #news #markets

This week Will and Ben digest the impact of USDA's July supply and demand reports and forecast what's next for trade.

13:12
 

Dow notches record closing high, small caps surge on rate cut bets​

  • June retail sales stronger than expected
  • BofA profit beats expectations
  • UnitedHealth rises after Q2 profit beats estimates
  • Russell 2000 touches multi-year high
NEW YORK, July 16 (Reuters) - The Dow Jones Industrial Average reached an all-time closing high on Tuesday after U.S. retail sales data supported the narrative that the Federal Reserve is approaching its easing cycle, reining in inflation while avoiding a recession.

The S&P 500 also rose, but weaker megacap growth stocks, led by Nvidia Corp (NVDA.O), opens new tab and Microsoft Corp (MSFT.O), opens new tab, capped the tech-heavy Nasdaq's gains.

Economically sensitive small caps extended their rally. The Russell 2000 (.RUT), opens new tab scored a fifth straight day of gains greater than 1%, its longest winning streak since April 2000.

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Morning Bid: Small caps soar in catch-up rotation, Trump jars Taiwan​

July 17, 2024 6:05 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

The dramatic switch to U.S. small cap stocks over the past week went into overdrive on Tuesday as interest rate cut and election fever combine, but world markets more broadly are getting nervy of the prospect of Donald Trump's return to the White House.

In a series of interviews around this week's Republican convention, Trump set out several of his policy priorities around tax cuts, tariff rises and foreign policy.

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Nasdaq, S&P 500 end sharply lower, hit by chips, megacaps; Dow extends rally​

  • Chips tumble on China trade worries
  • Dow extends string of all-time closing highs
  • Russell 2000 snaps five-day winning streak
  • Indexes: Dow up 0.59%, S&P down 1.39%, Nasdaq down 2.77%
July 17 (Reuters) - The S&P 500 and the Nasdaq tumbled on Wednesday as plunging microchip shares, in the face of potential escalation of U.S. trade conflicts with China, exacerbated the ongoing rotation out of megacap tech-related stocks.

A report that the Biden administration is considering severe trade restrictions against China sent microchip stocks down 6.8%, marking the Philadelphia SE Semiconductor index's (.SOX), opens new tab biggest one-day drop since March 2020.

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Morning Bid: TSMC steadies the chips, ECB and Netflix eyed​

July 18, 2024 6:04 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

Another impressive earnings beat from Taiwan's chipmaking giant TSMC (2330.TW), opens new tab may help calm this week's tech stock rout, as the earnings season turns toward wobbly megacaps with an update from Netflix on Thursday - just as the European Central Bank meets.

An increasingly volatile week on Wall Street has seen a wild rotation from pricey tech giants to re-invigorated small caps (.RUT), opens new tab. As Deutsche Bank notes, the out-performance of the Russell 2000 over the Nasdaq (.IXIC), opens new tab in the past five trading days has been the biggest since the former index began in 1979.

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