Written by Econintersect
Early Bird Headlines 18 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
- Japanese stocks lead decline in Asia amid renewed threat to trade (CNBC) Stocks in Japan were the biggest losers among major markets in the region on Thursday, with the other Asian bourses following suit, amid a renewed threat to trade. The U.S. dollar index was lower at 97.119 after seeing an earlier high of 97.210. Brent crude futures was just below the flatline at $63.65 per barrel, while U.S. crude futures fell 0.12% to $56.71 per barrel. Spot gold was down 0.3% at $1,422.40 per ounce, as of 0546 GMT, after hitting its highest since July 3 at $1,428.40. U.S. government debt prices were higher on Thursday morning, amid fresh concerns over trade talks between the U.S. and China, as yields fell across the board.
U.S.
- Trump blasts minority Democrats, rally crowd chants ‘send her back’ (The Hill) See also ‘Send her back!’ chant shows Trump’s ugly plan to get reelected (CNN). President Trump used a campaign rally in North Carolina on Wednesday to stoke his supporters’ anger over a group of four minority, progressive Democratic congresswomen, drawing boos and chants of “send her back” when he ramped up his attacks.
The scene laid bare Trump’s effort to use the group to frame Democrats as extreme ahead of the 2020 election but also fueled the notion that he is seeking to exploit the nation’s racial divisions for political gain.
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- U.S. Railcar Data Shows Economy is Weakening (The Daily Shot) Recent trends in railcar loadings point to softer manufacturing production and trade. See also Rail Week Ending 06 July 2019: Economic Intuitive Sectors Remain Deep In Contraction.
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Other important articles
U.S.
- House holds AG Barr, Commerce Secretary Ross in contempt over census fight (CNBC)
- Massive heat wave to ‘scorch’ two-thirds of US through weekend, NWS warns (Fox News)
- Rand Paul blocks Senate from approving 9/11 victim compensation fund (The Hill)
- Feds end investigation into Trump Org and hush money payments (CNN)
- Civil unrest in Puerto Rico forces multiple cruise ships to alter routes (Fox News)
- Trump killed the presidential weekly address, and no one noticed (The Washington Post)
- Seattle-based restaurant chain blames high minimum wage for bankruptcy (Fox News)
- Hospitals Block ‘Surprise Billing’ Measure In California (Naked Capitalism)
EU
​UK
- No deal Brexit ‘will send Britain into recession’ (The Times).
- UK lawmakers to vote on latest bid to try to prevent a no-deal Brexit (Reuters)
Turkey
Iran
Malasia
Japan
China
- China will not use its Treasury holdings as a weapon against the US, says expert (CNBC)
- Muslim nations are defending China as it cracks down on Muslims, shattering any myths of Islamic solidarity (CNN)
Brazil
Mexico
- As druglord Joaquin Guzman got life in prison, his daughter launched her El Chapo clothing line (CNN)
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