Financial Markets and Economy
Dollar Poised for Fed-Led Rally as Election Fog Clears (Bloomberg)
Neither a below-forecast jobs report nor the complexities of the U.S. presidential election will be enough to halt the dollar from extending gains beyond a two-month high, according to Deutsche Bank AG, the world’s fourth-biggest currency trader.
Euro Bond Slide Seen Subsiding by Strategists Eyeing ECB Action (Bloomberg)
Europe’s bond selloff, which saw German government securities suffer their biggest weekly drop since July, is bound to subside because policy makers have little choice but to keep going the flow of cheap money.
Economists React to the September Jobs Report: ‘Stubbornly Average’ (The Wall Street Journal)
U.S. employers hired in September at nearly the same modest pace as the prior month. The economy added 156,000 jobs last month, compared with a revised 167,000 in August. The jobless rate rose a tick to 5%, but wages also improved.
China Property Bubble Could Cause $600 Billion in Bad Debts (Bloomberg)
China watchers are starting to put a price tag on what any collapse in the nation’s red-hot property market could cost banks.
Protectionism would hurt the U.S. economy, Mexican finance minister says (Market Watch)
WASHINGTON—Mexican Finance Minister José Antonio Meade warned in an interview Saturday that adopting protectionist measures would hurt both the U.S. and Mexican economies.
Europe May Finally End Its Painful Embrace of Austerity (NY Times)
LONDON — As Europe has grappled with the trauma of a devastating financial and economic crisis, policy makers have consistently relied on one approach to managing the damage — budget austerity.
U.K.’s Hammond Appoints HSBC’s Ward as Key Economic Adviser (Bloomberg)
U.K. Chancellor Philip Hammond has appointed HSBC Holdings Plc Chief European Economist Karen Ward as his key economic adviser.
Ward, formerly an economist at the Bank of England, has been appointed as special economic adviser to the Chancellor of the Exchequer and is scheduled to start this coming week, the Treasury confirmed on Saturday. The story was first reported by Sky News.
RAOUL PAL: Deutsche Bank isn't Lehman Brothers — but there's a bigger issue at stake (Business Insider)
Deutsche Bank is going through a crisis.
The German bank is facing a $14 billion fine from US authorities, hedge funds are putting short bets on its stock (though two big funds have eased off), and the bank announced further layoffs this week.
Since 2014 The US Has Added 547,000 Waiters And Bartenders And Lost 32,000 Manufacturing Workers (Zero Hedge)
As another month passes, the great schism inside the American labor force get wider. We are referring to the unprecedented divergence between the total number of high-paying manufacturing jobs, and minimum-wage food service and drinking places jobs, also known as waiters and bartenders.
Deutsche Bank CEO Returns Home Empty-Handed After Failing To Reach 'Deal' With DOJ: Bild (Zero Hedge)
Following the seemingly endless procession of short-squeeze-fueling trial balloons last week – from settlement rumors to German blue-chip bailouts to Qatari investors – Germany's Bild newspaper confirms the rumors that sparked weakness on Friday: Deutsche bank CEO John Cryan has failed to reach an agreement with the US Justice Department.
Fed's Mester calls jobs growth 'solid,' sees rate hike: CNBC (Reuters)
U.S. jobs growth last month was "solid" despite having slowed from previous months, Cleveland Fed President Loretta Mester said on Friday, adding she continues to believe it appropriate for the Federal Reserve to raise interest rates.
Companies
Honeywell Drops Most in Five Years as Private-Jet Slump Persists (Bloomberg)
Honeywell International Inc. tumbled the most in more five years after it said weaker-than-expected demand for business aircraft caused it to miss a profit forecast and cut the top end of its 2016 earnings target.
Tesla's critics are ignoring a crucial strength of its business (Business Insider)
These are weird, borderline surreal times for Tesla.
America hasn't seen a new a major new car company since Chrysler in the 1920s, and in just over a decade, Tesla has gone from being a crazy Silicon Valley dream to a viable automaker that will deliver close to 100,000 vehicles by the end of this year.
Amazon, JPMorgan Chase, and 7 other big 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 Best Buy, JPMorgan Chase, or Amazon.
Those three companies are doing some of the heaviest hiring right now for jobs that pay over $50,000 a year, according to Indeed.
Hanjin, Ashley Furniture Battle Over Cargoes, Storage Fees (The Wall Street Journal)
More than a month after Hanjin Shipping Co. sought bankruptcy protection in South Korea and in courts around the world, customers are still fighting with the company over how to retrieve their goods.
Politics
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Yes, Obamacare needs tweaks — but it’s been a policy triumph (Vox)
One pillar of Obamacare is in crisis — but just how serious a crisis remains debatable. Insurance companies have been fleeing the highly regulated "exchanges," created by the Affordable Care Act, through which people who lack coverage buy plans.
Tic Tac to Donald Trump: 'Respect women' (CNN Money)
In a "hot mic" video from 2005 that was revealed Friday by The Washington Post, the Republican nominee is heard casually making numerous salacious and vulgar comments about women — before saying he plans to pop a few Tic Tacs, just in case he decides to plant an unwanted kiss on a woman he's about to greet.
Sanders supporters seethe over Clinton's leaked remarks to Wall St. (Reuters)
Supporters of former Democratic presidential candidate Bernie Sanders on Saturday expressed anger and vindication over leaked comments made by Hillary Clinton to banks and big business that appeared to confirm their fears about her support for global trade and tendency to cozy up to Wall Street.
Here is where Hillary Clinton stands on gun control (Business Insider)
Democratic Presidential nominee Hillary Clinton's proposals to curb gun-related violence focus on closing loop holes in current legislation to prevent criminals from obtaining firearms, banning high-caliber assaults weapons and devoting more resources and attention to mental health access.
Trump And Clinton Returns And What Regular Folk Need To Know About Carryovers (Forbes)
It seems like the left and the right have entered into a competition as to which side can make the stupidest tax observation. The New York Times came out strong for the left as its team of reporters was handed fragments of Trump’s 1995 tax filings.
Hillary Clinton Stays Quiet as Donald Trump’s Campaign Burns (Fortune)
There has been no response yet from Hillary herself.
In the deafening roar that blew across television networks, front-page newspapers and Americans’ kitchen table conversations after the release of a recording of Donald Trump bragging about groping women, one voice was noticeably silent: Hillary Clinton.
Technology
A 19-Year-Old Just Built the First Fingerprint-Reading Smart Gun (The Wall Street Journal)
You don’t typically see guns at San Francisco tech confabs. The city itself saw its last gun store close in 2015. But on a sunny February morning, a ballroom at the Palace Hotel is filled with an unusual mix of engineers, veteran police officers, dot-com investors and gunsmiths. Some of them—mostly cops—are visibly packing.
2 weeks with an iPhone that’s missing a headphone jack (Venture Beat)
Phone calls and music sound good to me on the Lightning earphones included in the box. And thanks to the headphone-jack-to-Lightning adapter that also comes in the box, I can use my favorite headphones with this new iPhone with no noticeable loss in audio quality. I’ve gone this long without losing the adapter.
The difference between an A.I interface and an A.I. chatbot (Venture Beat)
A.I. is being incorporated in so many things, and we have seen how A.I. and chatbots will change startups. For those who claim their products are “A.I.-powered,” though, I must ask: Are they actually using A.I.? What are A.I. chatbots? Is Siri a chatbot? Will Viv use A.I. to book my flight tickets?
Virtual reality is the new open house (CNN Money)
Realtors are taking home sales beyond glossy pictures. Potential buyers can now 'step foot' into more homes in a shorter amount of time by viewing listings in 3D and virtual reality.
Two more automakers can test self-driving cars in California (Engadget)
You might not have heard of Wheego and Valeo before, but they must be doing something right when it comes to self-driving vehicles. California has given them permission to test one autonomous car each on its roads, according to The Wall Street Journal.
Latest Incident Prompts U.S. Carriers to Allow Second Samsung Phone Replacement (The Wall Street Journal)
U.S. phone carriers said Friday they are allowing customers to replace their Samsung Electronics Co. Galaxy Note 7 smartphones a second time, a sign that consumer anxiety remains high over devices that were recalled because they were prone to catching fire.
Health and Biotech
No More Pills? Tiny Nerve-Zapping Implants to Fight Disease (Singularity Hub)
Imagine a future where we can treat diabetes or autoimmune disorders with an electrical zap delivered by a device no larger than a speck of dust.
The device, implanted through microsurgery, sits silently on a single nerve bundle, monitoring electrical signals sent out by the brain to itself and various organs in the body.
Life on the Home Planet
About 1.5 Million Lose Power as Matthew Rakes South Carolina (Bloomberg)
More than 1.5 million people were without power and hundreds of flights were grounded as Hurricane Matthew came ashore in South Carolina, rapidly losing strength along the way.
Nigeria Police Say Judges Are Under Investigation for Corruption (Bloomberg)
Nigeria’s state police are investigating federal judges for corruption following public complaints about rulings allegedly issued “on the basis of money paid,” a spokesman said.
Trucking Company Involved In Explosion Ordered Off The Road (Associated Press)
WASHINGTON (AP) — A trucking company that was recently involved in an explosion while hauling automobile air bag inflators was ordered to take its vehicles off the road Friday by federal regulators who said they found a long list of serious safety violations.
Cholera outbreaks in Haiti follow devastation of Hurricane Matthew (The Guardian)
Haiti was counting the cost of the devastation wrought by Hurricane Matthew on Saturday night, with almost 900 inhabitants killed and tens of thousands displaced in the Caribbean country.
Images show activity at North Korea satellite launch site: report (Reuters)
An increase in activity at a North Korean satellite launch site could indicate preparations for a new test or other activities, a U.S.-based monitoring group said on Saturday.
