Global Macro / Markets / Investing:
- Wall Street braced for ‘earnings recession’ as margins fall – FT
- Bank of America tech chief is skeptical on blockchain even though BofA has the most patents for it – CNBC
- Google funds creation of new local media companies – Axios
- Battery Power’s Latest Plunge in Costs Threatens Coal, Gas – BNEF
- Inside Google’s Rebooted Robotics Program – NY Times
- Plans for world’s largest cryptocurrency IPO at risk of being shelved – FT
- The ‘Weird’ Yield Curve Shows the Next Recession Could Be Different – Barron’s
- The Backdoor Move Uber and Others Are Using to Shape Labor Rules – NY Times
- Bond market says not only is a recession coming, but the Fed will cut interest rates to stop it – CNBC
Americas:
- The op-ed that got Stephen Moore his Fed nomination is based on two major falsehoods – Washington Post
- Here’s a budget breakdown of a couple that makes $500,000 a year and still feels average – CNBC
- He’s No ‘Sycophant’ for Trump, Expected Fed Nominee Says – NY Times
- The Bumpy Road to 2 Percent: Managing Inflation in the Current Economy – FRBSF
- White House Obamacare reversal made over Cabinet objections – Politico
- Stephen Moore edges closer to Fed seat as key GOP lawmakers express support – Washington Post
- U.S. objection over Venezuela threatens to halt WTO trade disputes – Reuters
- Canadians Are Feeling the Debt Burn – Bloomberg
- A Decade After the Housing Bust, the Exurbs Are Back – WSJ
- Obama Warns New House Dems That Liberal Policies Like the Green New Deal Are Costly – Daily Beast
- Minimum wage would be $33 today if it grew like Wall Street bonuses have – CBS
Europe:
- Bannon Says Russia Probe Set Back Efforts to Work With Moscow – Bloomberg
- Deal-or-No-Brexit “becomes the choice eventually…May’s deal is better than not leaving at all” – Conservative Home
- France seals multi-billion dollar deals with China, but questions… – Reuters
- The Brexit delusion of taking back control – FT
- The Return of Economic Nationalism in Germany – PIIE
- Euro MPs vote to end summer time clock changes – BBC
Asia:
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- The Chinese Burner – Logic Mag
- Trump Tried to Undo North Korea Penalty, Contrary to U.S. Account – Bloomberg
- Trump had a chance to gain greater leverage over China but blew it – FT
- A Chinese Law Professor Criticized Xi. Now He’s Been Suspended. – NY Times
- Italy’s Hug Makes China Feel Warm Inside – Bloomberg
- The Asian century is set to begin – FT
Trans-Tasman:
- Australian tech heavyweights, led by Atlassian’s Scott Farquhar, have intensified their call for the government to amend its controversial encryption-cracking bill before the coming election. – The Guardian
- Scott Morrison refuses to say how he will preference One Nation amid guns row – The Guardian
- One Nation’s response to NRA sting gives us a rare look into the secretive party – ABC
- Australia’s obesity epidemic is accelerating at an alarming rate – The Age
- Elective surgeries cancelled as Queensland public hospitals reach capacity – ABC
- ‘You’re part of the problem’: Bill Shorten pulls unions into line over One Nation – The Age
- NBN Co makes final move to kill off 12Mbps broadband plans – IT News
- One ‘very small’ coal plant on Scott Morrison’s list of 12 energy projects – The Guardian
- Australian gun lobby as big and cashed-up as NRA, report finds – ABC
- Mortgage figures point to further LVR loosening – Interest.co.nz
- More home loan rate cuts – Interest.co.nz
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