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Fastest Breaking Markets Updates Crypto • Finance • Technology • War
U.S.-LISTED SHARES OF CHINESE FIRMS FALL PREMARKET AS CHINA STIMULUS-DRIVEN RALLY LOSES MOMENTUM
*ALIBABA DOWN 8.9%
*BILIBILI DOWN 17.2%
*BAIDU DOWN 10.1%
*JD. COM DOWN 12.5%
*NIO DOWN 14.4%
*ISHARES MSCI CHINA ETF DOWN 13.5%
*KRANESHARES CSI CHINA ETF DOWN 13%
*ISHARES CHINA LARGE-CAP ETF DOWN 11.6%
HONG KONG’S HANG SENG INDEX TUMBLES 9.5% FOR WORST DAY SINCE 2008
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The Week Ahead | @infinityhedge
*Israel's retaliation attack against Iran expected
*Amazon Prime Day [8-9]
*Nobel Prize Announcements [7-14]
Macro:
*China’s mainland stock exchanges reopen after a weeklong holiday on 8
*China to hold a press conference to provide an update on the comprehensive implementation of a package of incremental policies on Oct. 8 at 2:00 AM GMT
*Samsung Q3 Earnings on 8
*U.S. 3-Year Note Auction on 8
*U.S. 10-Year Note Auction on 9
*FOMC Meeting Minutes on 9
*U.S. CPI on 10
*U.S. 30-Year Bond Auction on 10
*Tesla expected to unveil its Robotaxi on 10 [Robotaxi will need to come fitted with a time machine so, investors can forget that the autonomous driving he's promised is long overdue]
*Bank Earnings: BNY, BlackRock, JPMorgan Chase, and Wells Fargo on 11
Crypto:
*HBO's Documentary claims to reveal Satoshi Nakamoto's identity will air on 9
*FTX 'Confirmation Hearing' to confirm the Distributions Plan on 7 [If the Plan is confirmed, Distributions to creditors will commence promptly thereafter]
*Stack's Nakamoto Activation on 9
**Binance deadline to file either an opposition or notice of their consent to the SEC’s Motion to Amend by Oct. 11
**Binance executive Tigran's money-laundering trial on 11
Token Unlocks: $530M [%'s are of Cir. supply]
⊷ XAI: $35.88M: 6.20% on 9
⊷ APT: $97M: 2.3% on 11
⊷ TAIKO: $19.8M: 15.6% on 14
⊷ EIGEN: $35M: 6% on 15
⊷ TIA: $900M: 81.5% on 30
Earnings/Charts/Articles ⬎
BIDEN: ISRAELIS HAVE NOT CONCLUDED WHAT THEY ARE GOING TO DO ABOUT IRAN'S STRIKE
BIDEN: I WOULD THINK ABOUT OTHER ALTERNATIVES TO STRIKING OIL FIELDS
BIDEN: THEY ARE NOT GOING TO MAKE DECISION IMMEDIATELY, WILL WAIT TO SEE WHEN THEY WANT TO TALK
BIDEN: IRAN OIL SANCTIONS IS UNDER CONSIDERATION
*US SEPT. NONFARM PAYROLLS +254K; EST. +150K
*US SEPT. UNEMPLOYMENT RATE 4.1%; EST. 4.2%
*US AUG PAYROLLS REVISED TO +159K; JUL REVISED TO +144K
A new HBO documentary 'Money Electric: The Bitcoin Mystery' claims to have cracked the true identity of the pseudonymous creator of Bitcoin, Satoshi Nakamoto—Politico
The big reveal is set to air next Wednesday at 2 a.m. CET (Tuesday at 9 p.m. EST).
SEC Appeals Final Judgment in Ripple Labs Case: link
*SEC spokesperson: "We believe that the district court decision in the Ripple matter conflicts with decades of Supreme Court precedent and securities laws and look forward to making our case to the Second Circuit."
*SEC will ask the 2nd U.S. Circuit Court of Appeals in Manhattan to review a July 2023 decision that the XRP token sold by Ripple Labs on public exchanges did not meet the legal definition of a security.
*Ripple is considering a cross appeal. This means Ripple could choose to file an appeal on Judge Torres’ ruling on institutional sales or on the penalty of $125M — If Ripple does file a cross appeal, it has 14 days to do it and the clock starts tomorrow.
IDF: We [Air Force] will attack with force tonight throughout the Middle East
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ISRAEL, JORDAN & IRAQ SHUTS DOWN AIRSPACE
UPDATE: AIRSPACE OF ALL 3 REOPENED LATER
IRAN IS EXPECTED TO ATTACK ISRAEL WITH HIGH-SPEED MISSILES AND NOT WITH DRONES OR CRUISE MISSILES THAT ALLOW A LONG PREPARATION TIME FOR DEFENSE AND INTERCEPTION: AXIOS'S BARAK
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Iran’s supreme leader, Khamenei, will lead the Friday prayer in Tehran this week and deliver a sermon that is expected to set the tone for Iran’s strategy against Israel.
Khamenei only leads the Friday prayer under extraordinary circumstances. The last time was 2020 after Iran launched ballistic missiles against an American base in Iraq following the killing of Iran's top general, Qasem Sulaimani: NYT
IRAN PREPPING BALLISTIC MISSILE ATTACK AGAINST ISRAEL: AXIOS
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FED'S POWELL SAYS POLICY TO MOVE TO NEUTRAL STANCE `OVER TIME' IF ECONOMY EVOLVES BROADLY AS EXPECTED
POWELL: ECONOMIC CONDITIONS SET TABLE FOR FURTHER DISINFLATION
POWELL: WE DO NOT BELIEVE WE NEED TO SEE FURTHER LABOR MARKET COOLING TO ACHIEVE 2% INFLATION
Israel is planning a limited ground operation in Lebanon that could start imminently, Israel has told Washington: WP/CNN/Fox/BBC
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Binance introducing a new project on its Launchpool: Scroll ($SCR), a Bytecode-level compatible zkEVM Rollup: link
*Binance Pre-Market will list $SCR at 2024-10-11 10:00 (UTC)
*JUDGE APPROVES FTX BANKRUPTCY PLAN
*FTX PLAN REPAYS CRYPTO CUSTOMERS IN CASH WITH INTEREST — 98% OF CREDITORS WILL RECEIVE AT LEAST 118% OF THEIR CLAIM VALUE IN CASH WITHIN 60 DAYS AFTER EFFECTIVE DATE OF PLAN
I have no evidence today that the value of FTT tokens would be anything other than zero: JudgeЧитать полностью…
IRAN CANCELS ALL FLIGHTS FROM 21:00 [LOCAL TIME] TONIGHT, SUNDAY, UNTIL 6:00 AM TOMORROW: STATE MEDIA
UPDATE: FLIGHT RESTRICTIONS HAVE BEEN LIFTED IN IRAN
TRADERS PRICE IN LESS THAN QUARTER-POINT FED CUT IN NOVEMBER
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U.S. NFP in 1hr: @infinityhedge
JP Morgan SPX Play: 158K [forecast]
*>200k: Flat/+0.5%
*160k-200k:+1%/+1.5%
*140k-160k: +0.75% to +1.2%
*110k-140k: -0.5% to -1.5%
*<110k: -1.2% to -2% [recession hint]
Goldman SPX Play: 165k [forecast]
*>200k: Flat/-0.5%
*150k-200k: +1%
*100k-150k: +-0.5%
*<100k: -1%/-2%
Other Forecasts:
*MS: 160k
*BofA: 150k
*CITI: 70k
*Unless the September nonfarm payrolls are significantly south or north of 150k, I don’t see the volatility blowing out — Scott Colyer
BIDEN SAYS DISCUSSING ISRAEL STRIKING IRAN OIL FACILITIES: BBG
*Biden, asked if he would support Israel striking Iran’s oil facilities, responds: “We’re in discussions of that” but “there’s nothing going to happen today; we’ll talk about that later.”
IRAN ATTACK IS OVER: IRAN MISSION TO UN
*ISRAEL HOME FRONT COMMAND SAYS RESIDENTS MAY EXIT SHELTERS
*ISRAEL AIRSPACE REOPENED
*IDF SPOKESMAN: THIS ATTACK WAS SERIOUS AND WILL HAVE CONSEQUENCES
IRAN'S REVOLUTIONARY GUARDS SAY ISRAEL WILL BE TARGETED ONCE MORE IF IT RETALIATES
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US EXPECTS IRAN STRIKE ON ISRAEL IN THE NEXT 12 HOURS: BBG
AXIOS CITING WESTERN SOURCE: IRAN IS EXPECTED TO ATTACK ISRAEL WITH BALLISTIC MISSILES THAT WILL REACH ISRAEL WITHIN 12 MINUTES, NOT WITH DRONES OR CRUISE MISSILES
*S&P 500 DOWN 1.3%
*NASDAQ DOWN 1.6%
*APPLE DOWN 3.6%
*NVIDIA DOWN 3.7%
*COINBASE DOWN 8%
*MICROSTRATEGY DOWN 6.6%
*OIL +3.7%
*VIX +19%
UNITED STATES HAS INDICATIONS THAT IRAN IS PREPARING TO IMMINENTLY LAUNCH A BALLISTIC MISSILE ATTACK AGAINST ISRAEL: SENIOR WHITE HOUSE OFFICIAL
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POWELL: FED NOT IN A HURRY TO CUT QUICKLY, WILL BE GUIDED BY DATA
POWELL: IF ECONOMY EVOLVES AS EXPECTED THAT WOULD MEAN TWO MORE CUTS THIS YEAR FOR A TOTAL OF 50 BPS
GOLDMAN SACHS HIKES GOLD PRICE FORECAST TO $2,900 BY EARLY 2025 FROM $2,700
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The UK scammer has stolen more than $650K from 250+ X users in the past year by posting fake PNL screenshots from a Bybit demo account and running a news account to funnel unsuspecting victims into paid services before blocking them upon receiving payment: zachxbt
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