"Shockingly Bad" Chinese Econ Data Stuns Wall Street, Sparks Hard Landing Concerns

My President Went To Beijing And All I Got Was This Crummy T-Shirt Authored by Peter Tchir via Academy Securities, Stocks rallied after Jensen hopped on AF1 in Alaska. They rallied several times yesterday on Iran/China headlines, on Boeing selling planes headlines, and other soundbites from the much heralded Xi and Trump Summit. As discussed in Wednesday’s report China and Trade, we did not have high expectations regarding this meeting. We did feel that the President wanted a deal badly enough, that we would get something to help markets, even though it seemed...

StanChart CEO Scrambles Into Damage Control After "Lower-Value Human Capital" Comment Triggers Backlash Standard Chartered CEO Bill Winters and his team spent Wednesday in damage-control mode after the head of the London-based international bank told investors on Tuesday that artificial intelligence would be used to replace "lower-value human capital," sparking a backlash online. "Many of you will have seen media coverage following the Investor Event in Hong Kong, particularly the reporting around automation, AI, and workforce changes," Winters wrote in an internal memo to employees on Wednesday that was seen...

EU Parliament Shocks Brussels: Chat Surveillance Rejected, Deportation Centers Approved Submitted by Thomas Kolbe Brussels’ assault on industry and small-to-medium businesses is a child of German ideology. This applies not only to the absurd climate battle; German statism also reveals itself in the proposed spying system of EU-wide chat surveillance. The open-border policies, executed in the style of a hippie state, can be attributed equally and without hesitation to Germany’s political record of this century. Three dramatic political miscalculations, three intellectual detonations, leading to devastating societal consequences. All made in Germany, but...