Iranian ForMin: Gaza War Expansion Inevitable Due To Heightened Israel Crimes – MNAhttps://t.co/UMFRR3HsdE

— LiveSquawk (@LiveSquawk) November 10, 2023

Israel Agrees To 4-Hour Daily Pauses In Gaza Fighting – AP Newshttps://t.co/CYbzpm5LCb.

— LiveSquawk (@LiveSquawk) November 9, 2023

People are seen entering the Rafah crossing from Gaza to Egypt, after reports foreigners and wounded Palestinians were allowed to leave Gaza for the first time since Israel began its ground invasion

Latest: https://t.co/IncU6ud21q pic.twitter.com/hb9UosY3Zh

— Bloomberg (@business) November 1, 2023

Investors Pull Record Sums From Corporate Bond ETFs As Lending Rates Soar – FThttps://t.co/CbQdqnafDn

— LiveSquawk (@LiveSquawk) November 10, 2023

Today’s auction “was historic, and perhaps pivotal for near-term market direction. .. the Fed’s options to continue QT get slimmer, and may be reassessed (as Bostic hinted recently) if the yield surge sucks the liquidity out of the system.”@NewEdgeWealth pic.twitter.com/kuAsPoX7ln

— Carl Quintanilla (@carlquintanilla) November 10, 2023

Today, at 1 PM ET the entire stock market turned lower.

What happened?

The 30-year bond auction drew 4.77% which was above the presale numbers by ~5 bps.

In other words, the auction performed far worse than expected as inflation worried persisted.

This was perceived as a sign… pic.twitter.com/nvCTejj74D

— The Kobeissi Letter (@KobeissiLetter) November 10, 2023

Census: U.S. Population Projected to Begin Declining in Second Half of Century https://t.co/TxojJSRmMT

— Bill McBride (@calculatedrisk) November 9, 2023

I'll have much more on these new Census projections – and the implications for housing – soon (I'm sure housing economist Tom Lawler will comment!) https://t.co/fvaWgufcmE pic.twitter.com/E0OxpmPYS4

— Bill McBride (@calculatedrisk) November 9, 2023

Since the Fed started raising rates, employment growth has slowed significantly.

Over the next 6 months, we should see employment growth slow even further, according to Apollo.

The Fed may finally be getting the labor market weakness they need to tame inflation.

However, this… pic.twitter.com/xV5Wy8zAQa

— The Kobeissi Letter (@KobeissiLetter) November 9, 2023

JUST IN: Lawyers who won $1.8 billion lawsuit against the National Association of Realtors file new suit for anyone who has sold a home over the last 5 years.

The original lawsuit was filed in 2019 on behalf of 500,000 home sellers in Missouri.

Now, lawyers are saying that… pic.twitter.com/r7V6MRJuQ7

— The Kobeissi Letter (@KobeissiLetter) November 9, 2023

Powell elaborates on the Fed’s current, conditional pause:

We’ve been headfaked before on inflation. Policy should balance the risk of overtightening with the risk of “being misled by a few months of good data”

Also: Fed policy review will begin in 2H 2024 and last about a year pic.twitter.com/6cOclI0vxX

— Nick Timiraos (@NickTimiraos) November 9, 2023

Powell says Fed to be careful, won’t hesitate to hike if needed – Bloomberg https://t.co/89yCsx1uNB

— The Edge Malaysia (@theedgemalaysia) November 10, 2023

Carefully Hawkish
Fed Officials Say Full Impact of Past Rate Hikes Is Yet to Come https://t.co/uC05n8mCLv

— Yiannis Patrikakis (@patrikakis) November 9, 2023

Fed Discount-Window Loans (USD) W/E 08-Nov: 2.23B (prev 2.95B)
– Bank Term Funding Loans: 112.9B (prev 109.1B)https://t.co/HdS4B3odz5 pic.twitter.com/xnw7pUWmLX

— LiveSquawk (@LiveSquawk) November 9, 2023

BREAKING: West Virginia Senator Joe Manchin announced he won’t seek reelection, a blow to Democrats’ prospects for keeping the Senate majority after 2024 https://t.co/G8grHEYEVA

— Bloomberg (@business) November 9, 2023

Swing-state voters see Trump’s US-Mexico border security as a greater priority than the foreign policy crises Biden’s confronting, a Bloomberg News/Morning Consult poll shows https://t.co/9rlDMHL1yH

— Bloomberg Politics (@bpolitics) November 9, 2023

Janet Yellen said she plans to discuss the use of security measures in commercial relations during her two-day meeting with Chinese economic policy tsar He Lifeng https://t.co/WoBnju6puc

— Bloomberg (@business) November 9, 2023

Race to finish Indo-Pacific trade deals hit snags ahead of APEC summit https://t.co/tyNhqnoavY pic.twitter.com/ALATRY6Kv2

— Reuters (@Reuters) November 9, 2023

China's 2023 growth target within reach -c.bank governor https://t.co/aOPTIHyGMc pic.twitter.com/zp2nqs8KiJ

— Reuters (@Reuters) November 8, 2023

A $5.5 billion selloff in Ping An is underscoring why a mooted takeover of distressed developer Country Garden would be perilous for both the insurer and the Chinese financial system https://t.co/35EjVLp5Dn

— Bloomberg Next China (@next_china) November 9, 2023

Country Garden Aims To Have Offshore Debt Restructuring Plan By Year End, Sources Say – Market Screenerhttps://t.co/PBRANtyZZh

— LiveSquawk (@LiveSquawk) November 10, 2023

China’s Property Risks ‘Manageable,’ PBOC Governor Says – BBGhttps://t.co/N47VxodbaF

— LiveSquawk (@LiveSquawk) November 10, 2023

The Bank of Japan is moving closer to a departure from its long-standing ultraloose policy, a summary of opinions from its latest meeting in October suggests, with policymakers calling for a smooth path toward normalization. https://t.co/sX3p5dPHmO

— Nikkei Asia (@NikkeiAsia) November 9, 2023

🔴 BOJ'S GOVERNOR UEDA WARNS THAT UNWINDING THE ULTRA-LOOSE POLICY IS A ‘SERIOUS CHALLENGE’ – FT. https://t.co/MWUUsIMPPA

— Breaking Market News (@financialjuice) November 9, 2023

We have released the November 2023 issue of the Statement on Monetary Policy – https://t.co/Y5E90MvhaA

— Reserve Bank of Australia (@RBAInfo) November 10, 2023

Chinese banks have ramped up their borrowing of short-term funds, a sign that fears of a cash crunch still loom large https://t.co/7awngjTRVF

— Bloomberg (@business) November 10, 2023

RBA Statement On MonPol: Sees Risk Of Upside Surprises In Inflation Within Our Outlook
– Considered Pause In Nov Meeting, Opted For Hike
– Risk CPI Takes Longer To Return To Target Increased
– Raises Forecasts For Inflation & GDP Growth, Trims Unemployment & Wage Forecasts

— LiveSquawk (@LiveSquawk) November 10, 2023

Japan’s cabinet approves a $87.2 billion extra budget to support PM Fumio Kishida’s latest economic package amid an ongoing decline in support for his administration https://t.co/ExfpRTx9IS

— Bloomberg (@business) November 10, 2023

Japan To Top Up Fiscal Loans, Investments To Boost Supply Chain – CNAhttps://t.co/42zFW6Rfcn

— LiveSquawk (@LiveSquawk) November 10, 2023

#China can raised budget deficit ratio next year to support recovery, needs to increase intensity of fiscal policy – #PBOC advisorhttps://t.co/haGgRmRP6L

— YUAN TALKS (@YuanTalks) November 10, 2023

EU, China set to hold summit in December https://t.co/Yr699bKuOb pic.twitter.com/Va05lQ7sRv

— Reuters (@Reuters) November 10, 2023

Japan and China have begun preparations for their leaders to meet next week as Beijing ramps up engagement with major economies amid sluggish growth at home.https://t.co/zdvu6qjlAl

— Nikkei Asia (@NikkeiAsia) November 9, 2023

GDP is estimated to have shown no growth in July to September (Quarter 3):

▪️ services fell (-0.1%)
▪️ construction grew (+0.1%)
▪️ production was flat (0.0%)

➡️ https://t.co/cy3TeNVTig pic.twitter.com/HHKIe3SOu7

— Office for National Statistics (ONS) (@ONS) November 10, 2023

UK Industrial Production (M/M) Sep: 0.0% (est 0.0%; prev -0.7%)
– Industrial Production (Y/Y) Sep: 1.5% (est 1.1%; prev 1.3%)

— LiveSquawk (@LiveSquawk) November 10, 2023

Italian Industrial Production (M/M) Sep: 0.0% (est -0.2%; prevR 0.3%)
– Industrial Production WDA (Y/Y) Sep: -2.0% (prev -4.2%)
– Industrial Production NSA (Y/Y) Sep: -5.0% (prev -4.1%)

— LiveSquawk (@LiveSquawk) November 10, 2023

Danish inflation is almost gone with lowest price hikes since 2020 https://t.co/j1vYGUEYVo via @CHRWIENBERG pic.twitter.com/HMLJlLTVpI

— Zoe Schneeweiss (@ZSchneeweiss) November 10, 2023

The ECB can engineer a return to price stability without too much of a hit to the economy, according to Governing Council member Boris Vujcic https://t.co/Of37V84Dr2

— Bloomberg (@business) November 9, 2023

ECB Vice President Luis de Guindos says any talk of lowering borrowing costs in the coming months is too early, citing continued upside risks to inflation https://t.co/yquntxFoU9

— Bloomberg Economics (@economics) November 9, 2023

The ECB must be careful not to withdraw too much liquidity from the financial system as it unwinds past stimulus measures, Chief Economist Philip Lane says https://t.co/Sj4i12CBRu pic.twitter.com/4ZOmRueHZq

— Zoe Schneeweiss (@ZSchneeweiss) November 10, 2023

BOE choices are making it harder for Jeremy Hunt to spur the UK economy https://t.co/KYXOXM1IEB via @PhilAldrick @LucyGJWhite @_DavidGoodman pic.twitter.com/N2NVHJESGo

— Zoe Schneeweiss (@ZSchneeweiss) November 10, 2023

EU to edge towards deal on new fiscal rules; big differences remain https://t.co/xptQ8RLnIk

— Jan Strupczewski (@reutersJanS) November 7, 2023

Scholz promises a longer-term boost to German military spending https://t.co/m97keBsno4 via @mcnienaber pic.twitter.com/UQeXCV3jFd

— Zoe Schneeweiss (@ZSchneeweiss) November 10, 2023

Why the US and Europe still buy Russian nuclear fuel https://t.co/AwCsKpY5Ca via @virtualnomad pic.twitter.com/Dlo43jHNrv

— Zoe Schneeweiss (@ZSchneeweiss) November 9, 2023

Portugal starts countdown to snap vote after probe toppled prime minister https://t.co/f86ma0ufJn via @halmeida5 @joaomlima1 pic.twitter.com/vPsr00uAz4

— Zoe Schneeweiss (@ZSchneeweiss) November 10, 2023

Spain’s future hangs on Sanchez’s ability to control his new Catalan partners https://t.co/TLcfuUbCbp via @rorihuela pic.twitter.com/UltJ1PPOxr

— Zoe Schneeweiss (@ZSchneeweiss) November 10, 2023

⚠ #WeekAhead Preview: Week 45 (2023) ⚠

🇺🇸 U.S. Senior Loan Officer Opinion Survey
🌎 Powell, Lagarde Remarks and Other Central Banks’ Speeches
🇨🇦 🇯🇵 #BOC and #BOJ Minutes
🇨🇳 Chinese Data
…https://t.co/6HoHDEp6Ol

— Christophe Barraud🛢🐳 (@C_Barraud) November 5, 2023