Financial Markets and Economy
Fed’s Fischer Says Negative Rates Seem to Work in Today’s World (Bloomberg)
Federal Reserve Vice Chairman Stanley Fischer said negative interest rates seem to be working in other countries, while reinforcing that they aren’t on the table in the U.S.
French Trade Minister Says U.S. Talks Dead as TTIP Wobbles (Bloomberg)
France’s trade minister said the U.S. hasn’t offered anything substantial in negotiations with the European Union on a free-trade deal and that talks should come to an end.
German Inflation Unexpectedly Slows as ECB Prepares Meeting (Bloomberg)
German inflation unexpectedly slowed in August in a sign that the European Central Bank may need to do more to meet its goal for price growth in the 19-nation euro area.
If The Fed Doesn't Restart QE, A Yield Curve Inversion (& Economic Dislocation) Is Imminent (Economica)
Once upon a time, banks were about lending money and banks business model depended upon the spread or difference of borrowing short and lending long.
BOE Tries Once Again to Part Investors With Longer-Dated Gilts (Bloomberg)
The Bank of England will get another chance to see how willing investors are to part with their U.K. government bonds today in its latest buyback operation.
Shell Says While Gas Is the Future, It Won’t Be Traded Like Oil (Bloomberg)
Natural gas is rapidly becoming one of the most traded global commodities, but that doesn’t mean it will have a global price, according to Royal Dutch Shell Plc.
The “Housing Crisis” in San Francisco Strangles Demand (Wolf Street)
Here’s the other side of central-bank engineered asset price inflation, or “healing the housing market,” as it’s called in a more politically correct manner …
Austria’s RZB at Risk of Regulatory Intervention, Owners Say (Bloomberg)
Raiffeisen Zentralbank Oesterreich AG, the Austrian lender that was among the worst performers in Europe’s stress test last month, is near capital levels that could prompt authorities to intervene, two of its biggest shareholders said.
Euro-Area Bonds Buoyed as ECB Holdings Approach 1 Trillion Euros (Bloomberg)
As yields on euro-region government bonds hover close to historic lows, the European Central Bank’s unprecedented asset-buying program is approaching a milestone that keeps investors interested.
"Good News Is Bad News" Again – Confidence Surge Sparks Stock, Oil Purge (Zero Hedge)
The hghest current expectations confidence since August 2007 has sparked a moment of turmoil in the markets as USD strength sends stocks and oil reeling.
Abercrombie Shares Fall After Tourism Decline Weighs on Results (Bloomberg)
Abercrombie & Fitch Co. fell as much as 14 percent in early trading after second-quarter results trailed analysts’ estimates, hurt by declining sales at its larger flagship locations.
Oil Tumbles As Market Questions Whether An OPEC Production Freeze Is Even Remotely Possible? (Zero Hedge)
Oil prices enjoyed a bump last week, thanks in part to a weakened dollar and some geopolitical tensions in the Persian Gulf.
This is what you hear just before workers start getting massive raises (Business Insider)
Hiring a third-party professional to determine the best process for screening candidates that most closely resemble existing successful employees is how we end up with charts like this, from Deutsche Bank's Torsten Sløk:
EU demands Apple pay Ireland up to 13 billion euros in tax (Reuters)
EU antitrust regulators ordered Apple (AAPL.O) on Tuesday to pay up to 13 billion euros ($14.5 billion) in taxes plus interest to the Irish government after ruling that a special scheme to route profits through Ireland was illegal state aid.
Stocks: 6 things to know before the open (CNN Money)
It's been smooth summer sailing in the markets this month.
But things could get choppy today.
Listening to the Flow of Market Conversation (Trader Feed)
Imagine you come late to a party and a group of your friends has already arrived and is involved in an animated discussion. What do you do? Chances are good you might join your friends and see what the conversation is all about.
Mondelez abandons pursuit of U.S. chocolate maker Hershey (Reuters)
Mondelez International Inc (MDLZ.O), the maker of Oreo cookies and Cadbury chocolates, said it was no longer pursuing the acquisition of Hershey Co (HSY.N), two months after the U.S. chocolate company turned down its $23 billion cash-and-stock bid.
Politics
Trump hovers over McCain, Rubio U.S. Senate re-election contests (Reuters)
Republican voters in Arizona and Florida are expected to pick Senators John McCain and Marco Rubio as their respective U.S. Senate nominees when they go to the polls on Tuesday, but one name not on either ballot, Donald Trump, looms large.
May Will Let U.K. Parliament ‘Have a Say’ on Brexit Trigger (Bloomberg)
U.K. Prime Minister Theresa May plans to give Parliament “a say” on starting the formal process for withdrawing from the European Union, her spokesman said, though he declined to say whether lawmakers would be able to vote on the issue or simply ask questions.
Rubio won't commit to serving 6-year term (Politico)
Marco Rubio on Monday refused to commit to serving a full six-year term in the Senate should he win reelection. And the former Republican presidential candidate subtly suggested that if he ran for the White House again, he would be prepared to leave politics behind if he lost.
Mark Cuban offers defense of Clinton Foundation: 'I don't see anything wrong' (Business Insider)
Billionaire business mogul Mark Cuban defended Democratic presidential nominee Hillary Clinton from allegations that the Clinton Foundation was involved in a "pay to play" scheme while she was serving as secretary of state.
Clinton camp blasts Trump's 'outlandish' response to Abedin-Weiner split (Politico)
Top Hillary Clinton strategist Joel Benenson laced into Donald Trump as "outlandish" on Tuesday for using the separation of top Clinton aide Huma Abedin and husband Anthony Weiner to claim that the Democratic nominee has poor judgment.
This may be the last presidential election dominated by Boomers and prior generations (Pew Research Center)
For the past few decades, presidential elections have been dominated by voters of the Baby Boom and previous generations, who are estimated to have cast a majority of the votes.
Technology
Apple's next iPhone will likely be unveiled Sept. 7 (CNN Money)
Apple is holding its annual September product launch event on Wednesday, Sept. 7 to likely show off its next-generation iPhone.
Hello will begin selling its Sense sleep tracker at Best Buy and Target (Tech Crunch)
While Kickstarter is a great place to start selling products online, and Amazon is a good next step, you’ll often see hardware companies begin shipping their products to local retailers like Best Buy.
Microphone makers are in the midst of an arms race (BI Intelligence)
There is a race within the $1 billion digital microphone industry to address growing demands on the technology from vendors like Apple, Google, and Amazon, according to Bloomberg.
Get a car mount for your phone for only $4 — and more of today's best deals from around the web (Insider Picks, Business Insider)
Since you don't have all day to scour the web for noteworthy sales and discounts, we rounded up the best bargains for you to shop in one convenient place.
Health and Life Sciences
Zika Can Also Cause Hearing Loss: Study (TIME)
Health complications from the virus continue to grow
The health problems associated with the Zika virus continue to pile up, and a new report from researchers in Brazil reveals that the virus can also cause hearing loss in babies born to a mother who was infected.
Mysterious Star Signal Stokes SETI Hopes, but Could Be Earthly (Space.com)
A powerful signal has been spotted coming from the vicinity of a sunlike star, and now astronomers are trying to figure out what it means.
New Solar System objects just made the case for Planet Nine even stronger (Science Alert)
In the race to hunt down the hypothesised ninth planet orbiting our Sun all the way in the outskirts of the Solar System, astronomers have discovered several never-before-seen objects beyond the orbit of Neptune.
Life on the Home Planet
Female Police Officer Stabbed In Toulouse, France By Mentally Ill Muslim Man (Zero Hedge)
In the latest stabbing by a "mentally sick" assailant in Europe, moments ago a female police officer was seriously injured after a man attacked her with a knife at a police station in Toulouse, France, local media reported.
Migrant arrivals to Greek islands jump to highest in weeks (Reuters)
More than 460 migrants and refugees arrived on Greek islands from Turkey on Tuesday, the highest in several weeks, despite a European Union deal with Ankara agreed in March to close off that route.
Truck-Bomb Kills at Least 10 Near Somali President’s Home (Bloomberg)
A suicide bomber detonated an explosives-laden truck near the presidential palace in Somalia’s capital, Mogadishu, killing at least 10 people, in an attack claimed by al-Qaeda-linked militants.
U.S. Agriculture Department Closes Offices in 5 States After Receiving Threats (Mary Clare Jalonick, AP)
The Agriculture Department said Tuesday it had closed offices in five states after receiving anonymous threats that it considered serious.
