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China Bans Websites From Original Reporting

According to The Paper, major internet portals in China including Sina, Sohu, Netease and Ifeng.com have shut down some of their original reporting operations after receiving “harsh criticism” from country’s top industry regulator. As Bloomberg adds, the Cyberspace Administration of China has cited portals for violating China’s internet regulations by carrying plenty of news content obtained through original reporting.

Why Citi Thinks "The Pokemon GO Threat Is Real"

The avg. U.S. iOS user is spending over 33 minutes playing Pokémon GO each day. This places PG ahead of apps such as Facebook, Snapchat, Twitter, and Instagram. Although we believe that PG is adding some incremental time to total smartphone time, we think it would be wrong to assume that the app’s success is not coming at the expense of other players.... , YouTube and TWTR are seeing the largest decreases in avg. time spent per day.

Chinese Military Vice Chairman Urges Troops to Get Ready For Combat: Xinhua

While it is unclear how much of it is populist bluster, how much is posturing, and how much an actual, objective caution, Bloomberg points out an article by China's news agency Xingua posted on the website of the Ministry of National Defense, in which Fan Changlong, vice chairman of China’s Central Military Commission (which is chaired by Xi Jinping himself) "urges Chinese troops to get prepared for combat by improving planning, equipment and logistical support in order" to be ready to "win the war."

C.I.A. - Controlling It All

"With few exceptions, Hollywood has long functioned as a propaganda factory... This never-ending parade of square-jawed secret agents and bearded, pumped-up commandos pitted against swarthy Muslim madmen straight out of central casting has been aided and abetted by a newly emboldened CIA all too happy to offer its “services” to Hollywood."

Pokemania: Nintendo Just Became The Most-Traded Stock In Japanese History

Thanks to the fad-tastic launch of Pokemon GO - more popular than porn - Nintendo stock has exploded over 93% in the last 7 days (the most ever) to 6 years highs. But the Pokemania was really in the trading volume where 476 billion yen changed hands for the highest daily turnover on the Tokyo Stock Exchange this century...

Global Stock Rally Halted In Aftermath Of Latest French Terror Attack

The tremendous rally of the past 4 days that has sent global stocks soaring in recent days has finally been capped and European shares, S&P futures are all modestly lower following a deadly terror attack in Nice, France. Meanwhile Asian stocks rose as Chinese economic data beat estimates, with Q2 GDP rising by 0.1% more than the estimated 6.6% on the back of stronger housing data.

Piling On: EU's "Competition Enforcer" Lays More Charges On Google

The entire notion there needs to be a “Competition Enforcer” is idiotic in and of itself. People use Google because they like Google. Others use Firefox because they like Firefox. The market is fully capable of deciding what needs to be, not “competition enforcer” bureaucrats demanding mediocrity. Margrethe Vestager and her nannycrat idiocy provides a stellar example as to why the UK should be pleased to be out of the EU.

 

Frontrunning: July 14

  • BoE surprises markets by keeping rates on hold, signals August move (Reuters)
  • Bank of England Signals August Stimulus as Rate Kept at 0.5% (BBG)
  • JPMorgan results boost futures, but BoE move trims gains (Reuters)
  • Bernanke Floated Japan Perpetual Debt Idea to Abe Aide Honda (BBG)
  • Oil bounces after big losses but glut persists (Reuters)

Warning: Pokemon Go Can Spy On iPhone Users' Google Account

"To be clear, the app, as it stands, can read and write emails. It can also view your Google Docs, search history and Maps use. And your private photos. It’ll also take data that’s standard for modern apps, like IP and email addresses. Given the app by necessity has to use location data, Niantic suddenly has access to incredibly private information of millions of individuals across the world."