Financial Markets and Economy
Europe’s Refugee Pact With Turkey May Collapse Over Visa Dispute (Bloomberg)
The foundations of Turkey’s agreement with the European Union to curb the flow of migrants into Greece are looking increasingly shaky.
Asian Stocks Drop as Investors Avoid Risk Before Yellen Speech (Bloomberg)
Asian stocks fell, led by shares in Japan, as investors showed a reluctance to take on risk before Federal Reserve Chair Janet Yellen’s speech later Friday.
Here Are the Top 10 Brands (According to Millennials) (Inc 5000)
Millennials are obviously a big market for companies–they're starting families, buying houses and consuming technology in various ways. But is dropping major coin on marketing to this audience worth it? A new survey on Millennial consumers says not so much.
On Immigration Policy, Partisan Differences but Also Some Common Ground (Pew Research Center)
The public is divided over many aspects of U.S. immigration policy. However, when asked about the priorities for policy toward illegal immigration, more Americans say better border security and a path to citizenship should be given equal priority than favor either approach individually.
Dollar Set for Weekly Gain as Fed Rate-Increase Rhetoric Mounts (Bloomberg)
The dollar headed for its first weekly gain in a month versus the yen as investors awaited a speech by Federal Reserve Chair Janet Yellen for hints on whether the central bank will raise interest rates as soon as next month.
China takes aggressive steps to fend off banking, financial risks (Reuters)
China took aggressive steps on Wednesday to head off signs of growing risks in its financial and banking system, unveiling detailed rules to curb an unruly peer-to-peer (P2P) lending sector and intervening in its money markets.
Chart Of The Day: Which Socialist Utopia Has Seen Car Sales Drop 99%? (Zero Hedge)
It appears that the citizenry of Venezuela – shining example of socialist utopian endgames – are too busy slaughtering black stallions for food, lining up for toilet paper, and dying from lack of medicines to go out and buy cars (even at 0% rates for 10 years?)…
3 Ways To Profit From The Stressed-Out American Consumer (Forbes)
Retail sales are a pretty good proxy for consumer spending. So to me, any nationwide drop in retail sales is a warning flag about our consumption-based economy.
Bold moves, tepid gains: Have central banks met their limit? (Associated Press)
The world's key central banks have worked themselves into contortions to try to rev up economic growth, raise inflation and coax consumers and businesses to borrow and spend more.
Oil M&A Is Back as Industry Focus Shifts From Survival to Growth (Bloomberg)
Multibillion-dollar oil and gas deals are back on the table.
More than $11 billion of transactions were announced globally in July as crude’s recovery fueled hopes of a steadier market, Wood Mackenzie Ltd. said.
How to Deal With Losing Money–And Making It (Trader Feed)
I recently wrote about the greatest weakness displayed by losing traders. Under conditions of drawdown, the winning trader becomes more grounded in his or her strengths. The losing trader veers from those strengths.
Oil Holds Gains as Saudis See Freeze as ‘Positive’ for Market (Bloomberg)
Oil held gains as Saudi Arabia’s energy minister said an output freeze would be positive for the market and after a report that Iran will participate in informal talks next month.
Global trade at slowest pace in 7 years (CNN Money)
Companies across the world are pumping the brakes this year on shipments and new purchases from overseas.
Global trade volume only rose 0.1% in June compared to a year ago, according an analysis of government global trade data released Thursday by Panjiva, an analytics firm.
Risks Of Loose Money – Exposing The Link Between Monetary Policy And Social Inequality (Zero Hedge)
It has been almost eight years since former U.S. President George W. Bush warned the world that “ without immediate action by Congress, America could slip into a financial panic and a distressing scenario would unfold.”
U.S. Payrolls, Car Sales, Canada GDP: Week Ahead Aug. 27-Sept. 3 (Bloomberg)
Payroll growth in the U.S. probably moderated in August after the strongest two months of hiring this year, economists project the Labor Department will report in the coming week. Follow the TOPLive blog for real-time coverage here.
Gaining Perspective on Markets by Shifting Perspective (Trader Feed)
Almost by definition, if you're pursuing your own, unique path–in life and in markets–you are going to face uncertainty. If we live life solely by following tradition and consensus, we'll find the security of the known, but will never have the adventure of finding our own path by tackling the unknown.
"The End Will Be Very Painful" Massive European Pension Fund "Single Biggest Concern" Is "Central Bank Pumping" (Zero Hedge)
“All our risk analysts are trying to peel the onion to understand if this is all correlated or if there’s something we can find that isn’t correlated,” Carsten Stendevad, the chief executive officer of ATP, said in an interview in Copenhagen. “The truth is, yes, we can find pockets of things that are slightly less correlated. But the question is when this kind of moving-in-tandem will be very painful, when things move in the other direction.”
This is the state of the global ad economy so far this year (BI Intelligence)
Advertising holding company WPP reported its interim results for the year up to June 30.
The company’s results were reasonably strong, with revenue up 5.2% year-on-year to $9.37 billion.
Politics
A Trump presidency would benefit these businesses (CNN Money)
If Donald Trump is the next president, investment bank UBS (UBS) says these five industries will likely "flourish."
Chelsea Clinton Will Stay on Board at the Clinton Foundation (Fortune)
If Hillary Clinton is elected President, her daughter Chelsea is planning on continuing to serve on the board of the Clinton Foundation—the controversial charitable organization the Clinton family founded and have run since Bill Clinton left the presidency.
Donald Trump’s Description of Black America Is Offending Those Living in It (NY Times)
Campaigning over the past week, Donald J. Trump has painted a bleak and dire picture of black America. African-Americans live in neighborhoods that resemble “war zones” more than cities, he has said. They struggle to get by on food stamps.
Hillary Clinton slams Trump for ties to 'alt-right' media (CNN Money)
Seeking to forever tie Donald Trump to the "alt-right" and its media icons, Hillary Clinton on Thursday delivered a stemwinding indictment of Trump and his embrace of extreme conservative media, rhetoric and conspiracy theories.
Here’s a Bold Idea for Hillary’s Troubled Campaign (The Huffington Post)
Hillary Clinton is ahead in the polls, but it’s more due to Donald Trump’s many blunders than excitement with Mrs. Clinton. She has benefitted from being the anti-Trump.
Technology
Domino's Is One Step Closer to Delivering Pizzas by Drone (Fortune)
Some of the world’s biggest companies—Amazon, Google—are itching to make commercial deliveries by drone, but a pizza restaurant may beat them to it.
These smartphone makers are beating Apple in China (CNN Money)
Apple is having a rough ride in China, where its main revenue-generating product — the iPhone — is facing increasingly fierce competition from homegrown tech companies.
Australia investigates blockchain as a platform (BI Intelligence)
The Australian government is considering using blockchain to power electronic voting by 2017,according to ZDNet.
Hackers Could Make a Killing After Finding Vulnerability in Medical Device Tech (Gizmodo)
A kind of batshit insane and unprecedented thing has just happened in the world of ethical hacking.
Health and Life Sciences
US surgeon general sends warning letter to all doctors on opioid epidemic (CNN News)
In the next few days, every doctor in the United States will be receiving this letter (PDF) from the US surgeon general.
It's the first time that America's top doctor has reached out to all physicians.
Growing up poor is so stressful, it damages brain development (Newsweek)
The video tells the story of Malala Yousafzai, the Nobel Peace Prize winner from Pakistan who at 15 survived being shot in the head by the Taliban while riding a bus in 2012. “I want to get my education, and I want to become a doctor,” she says, adding that the Taliban throw acid on some people’s faces and kill others, but “they cannot stop me.”
Researchers just caught a glimpse of the world's most mysterious mammal (Science Alert)
Researchers are closer than ever to finding a living Zenkeralla (Zenkerella insignis) in the wild, after they discovered three recently dead specimens on Bioko Island, off the west coast of Africa.
The Tiny Brain Chip That May Supercharge Your Mind (Singularity Hub)
How will we interact with the intelligent machines of the future? If you're asking Bryan Johnson, founder of startup Kernel, he'll tell you those machines should be implanted inside our brains.
Life on the Home Planet
Amazon, Wells Fargo, and 7 other companies hiring for high-paying jobs like crazy right now (Business Insider)
On the search for a new job? You may want to check out openings at H&R Block, Wells Fargo, or Amazon.
Those three companies are doing some of the heaviest hiring right now for jobs that pay over $50,000 a year, according Indeed.
New Syrian rebel advance against IS may take months, commander says (Reuters)
Syrian rebels, who this week seized a strategic town from Islamic State, aim to move westward in the next phase of their Turkey-backed operation, an advance that could take weeks or months to complete, a rebel commander said.
Inside Manila's drug war: Female assassin's story (BBC News)
A violent crackdown on illegal drugs in the Philippines has left more than 1,900 people dead in the last seven weeks.
At least 1 Dead, Multiple Injured In Major Explosion At Belgian Sports Complex (Zero Hedge)
A powerful explosion went off just after midnight local time at the Plaine Chalon sports facility in Chimay, Belgium, partially destroying the building and burying an unknown number of people under the rubble, local media report.
US Navy vessel fires warning shots at Iran boat (BBC News)
The Pentagon has said a US Navy vessel fired three shots to warn an Iranian military boat off in the Gulf.
Spokesman Peter Cook said it was one of several incidents of Iranian vessels harassing US ships in the past week.
