We are barely through half the week and there has been plenty of news moving the markets. The cancellation of the Brexit vote in the U.K. President Macron caving to the yellow vests protestors agreeing to lower taxes and as a result breaking EU 3% of GDP rule on budget deficits. Giving ammunition to the populist Italian government to stand firm on their budget plans. In the U.S. there appears to be a risk of a government shutdown with President Trump and the democrats clashing over the budget bill. Trade war woes continue, even though it appears there are negotiations between U.S. and China. All of these events have had the markets moving up and down not really knowing what to make of it all.
Ask Broker Reads
Everybody hates Apple – Time to Buy Apple?
Economy, Trade & Fed, Macro
Trump Clashes With Democrats Over Spending Bill, Threatens Government Shutdown via WSJ
The Eurozone Banks’ Trillion-Euro Timebomb by Mises Institute
China’s real endgame in the trade war runs through Europe via CNBC
The Sydney property falls are accelerating, and the last time they fell this far Australia had a recession from Business Insider
How Turkey Created a Debt Crisis by Bloomberg
India’s central bank governor Urjit Patel resigns amid tense stand-of via FT
Markets / Companies
Pot May Be Next for Tobacco Farmers Already Turning to Hemp via Bloomberg
Here’s what happens when the big media companies take their content off Netflix from Recode
Normal Accidents in the Stock Market by A Wealth of Common Sense
THE EMPRESS OF FACEBOOK: MY BEFUDDLING DINNER WITH SHERYL SANDBERG from WSJ
Google Exposed User Data, Feared Repercussions of Disclosing to Public via WSJ
Cronos CEO: $1.8 billion from Big Tobacco is just a beginning for cannabis industry by MarketWatch
GoPro Moves Some Production Out of China Due to Trade War by The Information
Crypto
A Bitcoin Exchange Boss Thinks Jeff Bezos Will Trigger The Next Bull Run via Forbes
Samsung is reportedly developing a cryptocurrency wallet app from The Block
Research / Interesting Reads
We’re No Longer in Smartphone Plateau. We’re in the Smartphone Decline. By NYMagazine
Lessons From the Bernie Madoff Fraud, 10 Years Later via Barrons
The Quant King, the Drug Hunter, and the Quest to Unlock New Cures from Bloomberg
When Are Sales Too Good to Be True? By Consumer Reports
