Written by Econintersect
Early Bird Headlines 01 August 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
- Asia markets decline as data shows July manufacturing activity in China contracted (CNBC) Asia Pacific markets declined Thursday as a private survey showed Chinese factory activity contracted in July while official data revealed South Korea’s exports fell. The U.S. dollar index soared to 98.854 from levels below 98.1 yesterday. Brent crude futures contract declining 1.21% to $64.26 per barrel. U.S. crude futures slipped 1.4% to $57.76 per barrel. Spot gold was down 0.4% at $1,407.40 per ounce as of 0735 GMT, after falling to its lowest since July 17 at $1,404.71. U.S. government debt prices were lower Thursday morning.
U.S.
- Biden, Harris feel the heat, continue their beef
- Challengers come for the front-runners
- Booker gets his moment
- Impeachment remains a question mark
- Bennet, Inslee make their push as Yang takes advantage of his airtime
- Winners and losers from Night 2 of the second Democratic debate (The Washington Post)
Winners:
- Trump the debater
- Bernie Sanders and Elizabeth Warren
- The also-rans
- Julifln Castro
- Andrew Yang
Losers:
- Kamala Harris
- Joe Biden
- The “Republican talking point” talking point
- CNN’s censors
- Daniel Pantaleo
- Five takeaways from Democratic debate brawl (The Hill)
- No clear winner emerges after an ugly night
- Candidates pile on Biden
- Rivals chip away at Harris
- Booker stands out with viral zingers
- Democrats were united on health care in 2018; now they’re terribly divided
Germany
- PMI shows German economy under increased strain as manufacturing posts worst performance in seven years (IHS Markit)
- Flash Germany PMI Composite Output Index(1) at 51.4 (Jun: 52.6). 4-month low.
- Flash Germany Services PMI Activity Index(2) at 55.4 (Jun: 55.8). 2-month low.
- Flash Germany Manufacturing PMI(3) at 43.1 (Jun: 45.0). 84-month low.
- Flash Germany Manufacturing Output Index(4) at 44.1 (Jun: 46.7). 4-month low.
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China
- Chinese billionaire indicted in U.S. for alleged $1.8 billion aluminum tariff evasion (Reuters) A Chinese billionaire has been indicted by a grand jury on charges he schemed with the aluminum company he founded to evade $1.8 billion of tariffs by smuggling huge amounts of the metal into the United States, federal prosecutors said on Wednesday.
Liu Zhongtian, 55, and China Zhongwang Holdings Ltd (1333.HK), where he served as chairman and president, were among several defendants charged in a 24-count indictment by a Los Angeles grand jury.
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Other important articles​
U.S.
- Fed Cuts Interest Rates for First Time Since 2008 Crisis (The New York Times)
- Who won the Democrats’ debate? Our panelists’ verdict (The Guardian)
- Here are 9 of the best moments and 7 of the worst from the 2020 Democratic primary debate (Alternet)
- Mark Mobius: US markets will go ‘haywire’ if Trump loses 2020 election (CNBC)
EU
​UK
- Britain to spend an extra $2.6 billion on no-deal Brexit planning (Reuters)
- New report shows spike in British anti-Semitism (CNN)
Netherlands
- Dutch police signal unwillingness to enforce new ‘burqa ban’ (The Guardian)
Saudi Arabia
- Osama bin Laden’s son, who was seen as the heir to Al Qaeda’s leadership, is dead, U.S. officials said. He repeatedly threatened to attack the U.S. (The New York Times)
Iraq
Russia
North Korea
China
- China is blaming the US for the Hong Kong protests. Can that really be true? (CNN)
- Conciliatory tone as top diplomats from United States and China meet (Reuters)
- US-China investment flows fall to five-year low amid escalating trade war (CNBC)
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