Bank warning the fed not to hike. Oil is just a tad lower. The road map has the rally continuing this morning. Plus the september date has arrived for apple. A new iphone, ipad, apple tv, can it help the stock going into the Holiday Quarter . Next big short. Why one Natural Gas Company is, quote, a disaster. First up, futures are arise again after the dow closed up 390. The nikkei surged up 7. 7 . And shortseller, continuing to sell the alarm on his bet against china on squawk. The chinese economy, since i was on squawk in february of 2010, was growing at 15 , nominal. Its now growing at 5 nominal. 7 real, 2 deflation. It has been going down in terms of the economy by 2 a year. Thats going to continue. The model is broken. Chanos reiterating his message, that is the economy is still 50 . Investment driven, and as the economy slows down, he sees a credit event where they lose control of the currency, lose control of their financing, and thats when the real magic happens. Hes not alone i
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President Biden is likely to avoid an audit that could reveal whether he made money from his son Hunter Biden's overseas business dealings because the Internal Revenue Service has rejected a whistleblower complaint that alleged he owes at least.