Written by Econintersect
Early Bird Headlines 15 July 2019
Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, published Monday, Wednesday and Friday, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.
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Notice: We have changed the form of content coverage for Early Bird. We will provide discussion only for Asia Markets news and a small number (often 1 or 2) other articles. The remainder of the content will be headlines (with links) only.
Key Articles
​Global
- China’s stocks rise as data shows lowest quarterly growth in 27 years (CNBC) Chinese stocks recovered from an earlier slip to finish the trading day higher on Monday, following the release of GDP data that showed the Chinese economy growing at its slowest pace in at least 27 years. Japanese markets were closed for holiday and other Asian markets were mostly higher. The U.S. dollar index was higher at 96.808 but below highs highs above 97.5 seen last week. Brent crude futures rose fractionally to $66.76 per barrel and U.S. crude futures declined slightly to $60.16 per barrel. Spot gold was down 0.3% at $1,410.73 per ounce, as of 0437 GMT. U.S. gold futures were up 0.1% at $1,413 an ounce. Treasury yields were higher.
U.S.
- Trump’s Iran policy ‘diplomatic vandalism’, leaked UK cables say (Financial Times) Donald Trump pulled the US out of the nuclear deal with Iran as an act of spite towards his predecessor Barack Obama, according to Britain’s outgoing ambassador to Washington in a second disclosure of leaked cables. The Mail on Sunday published further correspondence from Kim Darroch in spite of a controversial Metropolitan Police warning that the media should desist from publishing the leaked information. See also Met says public interest is no defence for publishing leaks. From CNN:
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- Jeffrey Epstein Was a ‘Terrific Guy,’ Donald Trump Once Said. Now He’s ‘Not a Fan.’ (The New York Times) A 1992 party for “dignitaries” was organized at Donald Trump’s request at Mar-a-Lago in 1992. There ware 28 girls flown in for entertainment. Turned out the only “dignitaries” (or any other guest for that matter) were Trump himself and Jeffrey Epstein.
- US Government Could Run out of Money, But That’s not the Real Story (The Real News Network) Bill Black demystifies the reality of debt, what really’s happening, and why the politics of debt is so convoluted. (Note: William K. Black is a GEI contributor.)
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Other important articles
​Global
U.S.
- Republicans make U-turn on health care (The Hill)
- ‘Go back home’: Trump aims racist attack at Ocasio-Cortez and other congresswomen (The Guardian)
- Trump doubles down after telling Democratic congresswomen to ‘go back’ to their countries (The Hill)
- Trump weighs ousting Commerce chief Wilbur Ross after census defeat (CNBC)
- Trump killed the presidential weekly address, and no one noticed (The Washington Post)
- Hospitals Block ‘Surprise Billing’ Measure In California (Naked Capitalism)
- Wisconsin GOP wants to rewrite constitution to strip Democratic governor’s veto powers (AlterNet)
EU
​UK
- Two million of UK’s lowest-paid may get statutory sick pay (The Guardian)
Congo
South Korea
Taiwan
- Candidate Seeks Closer China Ties, Shaking Up Taiwan’s Presidential Race (The New York Times)
China
- Chinese economic growth falls to 6.2% as global slowdown bites (The Guardian)
- McKinsey research finds the world becoming more exposed to China – but not the reverse (CNBC)
- Hong Kong leader says protesters in latest clashes can be called ‘rioters’ (Reuters)
Guatemala
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