SE: Market Anticipation Turns From How Much to If on Fed Rate Cuts

Bloomberg Markets & Finance via Youtube Jul.08 — Mona Mahajan, U.S. investment strategist at Allianz Global Investors, Jared Woodard, global investment strategist at BOFAML, and Brian Weinstein, head of global fixed income at Morgan Stanley Investment Management, discuss market confusion about the Federal Reserve’s rate path. They speak with Bloomberg’s Jonathan Ferro on “Bloomberg Markets: The Open.”

U.S. consumer inflation outlook rises for first time in three months: NY Fed survey

Via Reuters Finance FILE PHOTO: A customer pushes a shopping cart at a Walmart in Chicago, Illinois, U.S. November 23, 2016. REUTERS/Kamil Krzaczynski/File Photo NEW YORK (Reuters) – U.S. consumers in June lifted their inflation expectations for the first time in three months, New York Fed data showed on Monday, reducing pressure on central bankers to cut rates significantly to...

Iran Central Bank Makes Bitcoin Trading Illegal

Via Zerohedge Authored by Helen Partz via CoinTelegraph.com, Buying and selling cryptocurrencies like bitcoin is illegal in Iran, a senior government official declared, according to a report by local news agency Tasnim News on July 8. image courtesy of CoinTelegraph Nasser Hakimi, deputy governor for new technologies at the Central Bank of Iran (CBI), said that bitcoin trading is not legal in the country, citing a related...

Liquidity Fears Hit Other UK “Equity Funds” as Investors Remain Trapped in Woodford Fund

Via Wolf Street Shares of one fund plunged 22% on Friday. Other funds under pressure, raising serious questions about just how liquid “equity funds” in the UK are. By Nick Corbishley, for WOLF STREET: There’s still no sign of relief for the hundreds of thousands of investors whose money is trapped in one of the UK’s biggest equity funds, the Woodford Equity...

Chemical group BASF profit warning over trade war fallout

German chemicals group BASF on Monday cut its full-year forecast and warned profits would nearly halve in the second quarter, pinning the blame on a slowdown in the global economy and industrial production driven by trade conflicts. The world’s biggest chemicals company forecast earning before interest and taxes and excluding special items to fall up to 30 per cent this...

Remainer Schoolboy Fantasy: Alternate Parliament to Stop Brexit

Via MishTalk The Guardian reports Rory Stewart Outlines ‘Alternative Parliament’ to Stop No-Deal Brexit. Rory Stewart, the surprise star of the Tory leadership election, has said he would help organise an “alternative parliament” in order to stop a no-deal Brexit if the new prime minister tried to prorogue parliament in order to bypass MPs’ wishes. Stewart said a former Speaker,...

Saudi airline switches to Airbus as Boeing’s Max remains grounded

Via CNBC A British Airlines Airbus A320 Nicolas Economou | NurPhoto | Getty Images Saudi Arabian budget airline Flyadeal will operate an all-Airbus fleet after canceling its $5.9 billion provisional order with Boeing for its troubled 737 Max jets. The airline has instead ordered 30 Airbus A320neo planes for $5.5 billion, marking one of the first carriers to fully switch...

Papa John’s hires McDonald’s veteran as head of restaurant operations

Via Reuters Finance FILE PHOTO: The Papa John’s store in Westminster, Colorado, U.S. August 1, 2017. REUTERS/Rick Wilking (Reuters) – Papa John’s International Inc (PZZA.O) said on Monday it has appointed a McDonald’s Corp (MCD.N) veteran to the newly created role of chief of restaurants operations, as the pizza chain remodels itself after the departure of its scandal-hit founder. Jim...

iDowngrade Sparks Tech-Stock Slide As Dollar, Gold, Bonds Flatline

Via Zerohedge Jay Powell rehearsing his testimony to Congress… The biggest market news, on a slow news day ahead of Powell’s testimony to Congress, was the downgrade of AAPL – which for once actually sparked some selling (down over 2% and back below $200)… Apple fell after Rosenblatt Securities downgraded the iPhone maker to sell. That brought the total number of bearish...

As USWNT fights for equal pay, league revenue slows efforts to close salary gap

Via Fox Business While a second straight World Cup victory lent further support to the U.S. women’s national soccer team’s fight for equal pay on the national level, revenue disparities have limited efforts to achieve salary equality in other U.S. women’s professional team sports compared to their male counterparts. Alex Morgan, Megan Rapinoe and other members of the U.S. women’s national...

In a scene reminiscent of the financial crisis, axed Deutsche Bank workers leave with belongings

Via Yahoo Finance People exit Deutsche Bank’s Manhattan headquarters with white envelopes that are reportedly their exit papers following news that the global banking giant will be letting go of thousands of employees due to a major restructuring at the German bank on July 08, 2019 in New York City. More The scene was solemn at Deutsche Bank’s offices in...

France ramps up efforts to save Iran nuclear deal

France has stepped up European efforts to save the Iran nuclear deal after Tehran confirmed its second breach of the terms of the agreement and threatened more in the growing fallout over the US exit from the accord. Paris is urgently seeking a de-escalation of the crisis and will send an envoy for talks in Tehran on Tuesday after Iran’s...

Dansk rigmandspar på vild ferie: Det var helt vanvittigt

Martin Thorborg via Facebook Min kæreste Jannie, har siden jeg mødte hende for 2 1/2 år siden, drømt om at opleve Chernobyl. Og da vi for nyligt så HBO serien om ulykken, blev hun bange for at området ville blive overrendt. Derfor fik hun turen i fødselsdagsgave og vi kom hjem i dag. Det var en virkelig spændende og skræmmende...