Private Equity

Sleepy Overnight Session Interrupted By Chinese Market Turmoil

While it was indeed a generally quiet session (with Japan markets closed), US equity futures continued their run into record territory (ES up 0.1% to 2,458.50), and Europe fractionally lower, the early Monday focus was on the previously discussed turmoil for Chinese markets where despite a solid set of Chinese data small caps tumbled, selling off into the close after further warnings of regulatory scrutiny and deleveraging,

Welcome To Donald Trump's Very Own Big, Fat, Ugly Bubble

"...the Fed is only now beginning to apprehend the train-wreck that lies dead ahead (the June FOMC minutes were grasping for something dimly worrisome)... The Donald now owns the Bubble and has left his Presidency and the American economy squarely in harms’ way..."

Trump Jr. Lawyers Up As Potential Senate Intel Committee Hearing Looms

Well that escalated quickly.  After volunteering just over an hour ago to cooperate with the Senate Intelligence Committee, Donald Trump Jr. has apparently now joined with most of the other members of the Trump campaign in hiring his own attorney for the various "Russia probes" that are underway.

Frontrunning: July 6

  • EU, Japan Strike New Trade Deal (WSJ)
  • EU-Japan deal sends anti-protectionist signal before G20: German minister (Reuters)
  • Republican lawmaker Steve Scalise's condition worsens after June shooting (Reuters)
  • The Flashpoints for World Leaders at G-20 Summit (BBG)
  • Leftist protesters vow to disrupt G20 summit in Hamburg (Reuters)

Frontrunning: July 5

  • U.S. Warns North Korea It’s Ready for War Over Missiles (WSJ)
  • U.S., South Korea stage show of force against North Korea (Reuters)
  • UN to Meet on North Korea as U.S. Confirms Rocket Was ICBM (BBG)
  • Trump talks tough, options limited (Reuters)
  • North Korea, Putin Meeting Top Agenda For Trump’s Tripa (WSJ)

Frontrunning: June 29

  • Global Bonds Gyrate as Investors Try to Parse Central Banks’ Next Stimulus Moves (WSJ)
  • Republicans struggle to salvage healthcare effort (Reuters)
  • States' Medicaid spending to increase (Reuters)
  • Apple's iPhone turns 10, bumpy start forgotten (Reuters)
  • Fed’s Stress Tests: All Banks Cleared on Payouts to Shareholders (WSJ)

Frontrunning: June 27

  • Stocks, dollar ease as central bank officials take center stage (Reuters)
  • Euro surges on Draghi comments, dollar slips (Reuters)
  • Yuan Surges in Afternoon Trade Amid Talk PBOC Supported Currency (BBG)
  • U.S. threatens Syria, says Assad is planning chemical weapons attack (Reuters)
  • Google Gets Record $2.7 Billion EU Fine for Skewing Searches (BBG)

Robert Soros Steps Down As President Of Soros Family Office

Robert Soros, 53, the eldest of George Soros' five children and currently deputy chairman and president of Soros Fund Management, is resigning from those roles and stepping down from day-to-day management to invest his own money at the $26 billion family office according to Bloomberg.

Frontrunning: June 21

  • Republican Handel Wins Georgia House Seat, Dashing Democrats’ Hopes (BBG)
  • Uber CEO Kalanick Quits as Investors Revolt (WSJ)
  • Saudi King’s Surprise Shakeup Clears Son’s Path to the Throne (BBG)
  • After weeks of secrecy, U.S. Senate to unveil healthcare bill (Reuters)
  • Latest Election-Hacking Hearings to Focus on State-Level Events (WSJ)

Frontrunning: June 20

  • Central bank caution beefs up stock gains (Reuters)
  • Pound Drops as BOE's Carney Says Not Yet Time to Raise Rates (BBG)
  • Oil Just Hit Its Lowest Level of the Year (BBG)
  • Britain charges Barclays, ex-bosses over 'unlawful' Qatari deal (Reuters)
  • Senate GOP Sets Ambitious Deadline on Health-Care Vote (WSJ)

Frontrunning: June 16

  • Russia may have killed ISIS leader Baghdadi (Reuters)
  • About 4,000 more US troops to go to Afghanistan (AP)
  • Insurers Look to Ramp Up Premiums in Health Law Exchanges (WSJ)
  • U.N. envoy urges North Korea to explain why freed U.S. man is in coma (Reuters)
  • Wal-Mart Offers a Refuge for Sellers Tired of Amazon  (BBG)

Frontrunning: June 14

  • Federal Reserve Expected to Deliver Rate Increase (WSJ)
  • Fire engulfs London tower block, at least six dead, more than 50 injured (Reuters)
  • Children lost, baby thrown to safety (Reuters)
  • Democrats Accuse Sessions of ‘Stonewalling’ (BBG)
  • World stocks march on as Fed rate hike looms, dollar steady (Reuters)