O-I Glass Plunges As Gulf Energy Shock Hits Earnings Outlook

Chinese EVs Absent From U.S. Roads, But Parts Under The Hood Are Alarming For good reason, U.S. policymakers have resisted opening the domestic auto market to a flood of cheap, gasoline-powered Chinese cars and EVs. Such a move would crush Detroit into even more misery. It would accelerate the hollowing out of the nation's industrial base (something Europe willingly did), further degrade suppliers, and weaken the country's ability to convert truck production lines to tank production in wartime. However, while Chinese-made cars remain absent from U.S. highways, there has been a...

Feedom Of Navigation By Bas van Geffen, senior market strategist at Rabobank The Houthis are considering charging fees on vessels sailing through the Bab el-Mandeb Strait. Reuters reported that the plan was discussed with Iran’s leadership, who have offered help to set up an authority to collect the toll. Besides the potential revenue source, the aim of the Bab el-Mandeb fees would reportedly be to normalize the idea of charging fees on international waters. But freedom isn’t fees. President Trump has repeatedly rejected the idea of Iran levying a toll in the Strait...

Scarcity Warnings In Physical World Send Commodities To 14-Year High, Threatening Stock Rally Readers are familiar by now with the broad-based commodity rally, with energy, agricultural products and metals moving sharply higher as former Goldman Sachs commodities head Jeff Currie warned this summer of growing scarcity in the physical economy. The Bloomberg Commodity Index has climbed to levels last seen in 2012... ... while the Quantix Commodity Index has hit a new record high. Bloomberg macro strategist Simon White is out with a new note this morning warning that the commodity rally...