On Wire

From AP News: Burger King will begin selling the plant-based Impossible Whopper nationwide next week after a successful test run in seven markets. From next Thursday until September, Burger King will offer delivery and mobile customers two sandwiches – an original Whopper and an Impossible Whopper – for $7 so they can compare them. The rollout … Read more

Statement from Attorney General William P. Barr on the Death of Jeffrey Epstein Attorney General William P. Barr issued the following statement: “I was appalled to learn that Jeffrey Epstein was found dead early this morning from an apparent suicide while in federal custody. Mr. Epstein’s death raises serious questions that must be answered. In … Read more

via @TaviCosta: Just as high as it was at the peak of the tech & housing busts.  

  h/t @chigrl  

by AsthmaticAudino I’m an accountant and I pass this on to all my customers about how to get someone live on the phone at the IRS: Call 1-800-829-1040 Press 1 to confirm English if you speak English. When you get past choosing a language, in the first menu of prompts, press 2. When it gets … Read more

by RVWood I wanted to share as I think this is big for making this incredible wealth building strategy more simplified. Using the mega backdoor Roth method was cumbersome previously. You had to really know what you are doing and then make periodic phone calls to to a conversion. But I learned Fidelity has now … Read more

via Otavio (Tavi) Costa: Now valued at over $1,700 per sq.ft. on its secondary residential market. Insane. This can’t be sustainable. Could Chinese capital outflows be causing this?    

via @chigrl: /s Risk assets have tumbled while bonds rallied on an escalation in US-China trade tensions Cross-asset performance since Trump tariff announcement (31 July) as of 7 August 2019 Reposting this because of the article circulating that says China may stop buying oil from the US …they have not yet ANZ Global Trade Index … Read more

via Raoul Pal: This level in the Eurostoxx Banks Index is probably THE most important level of ANY chart pattern in the history of equity markets  

China PPI falls into deflationary territory. pic.twitter.com/68nFthqTdO — Eric Basmajian (@EPBResearch) August 9, 2019 Core PPI decelerates to 2.10% pic.twitter.com/rRr72d79Xz — Eric Basmajian (@EPBResearch) August 9, 2019 US PPI Ex. Food, Energy & Trade decelerates from 2.1% to 1.7% pic.twitter.com/nGTiSHXxuE — Eric Basmajian (@EPBResearch) August 9, 2019 UK GDP contracts in Q2 pic.twitter.com/J2fRyUmcNo — Eric … Read more

via Alastair Williamson: yup – industrial slowdown is very real Global PMI Heatmap Column: Global economy is probably in recession – Reuters LONDON (Reuters) – The global economy is probably in recession, with most cyclical indicators showing business activity is flat or falling. Recessions become obvious only once they are well established given the lagging … Read more

KEY POINTS General Electric, Kraft Heinz and Newell Brands are the only companies in the S&P 500 that lost more money last year than Uber’s $5.2 billion second-quarter deficit. Most of Uber’s loss was tied to stock-based compensation. Uber shares fell after disappointing results. https://cnb.cx/2yLbCPn   This hiring freeze comes after 400 layoffs in its … Read more

BOTTOM LINE – U.S. corporate borrowing is on track to exceed last year’s record. But the debt binge is financing stock buybacks instead of productive investment. https://bloom.bg/2OK2BRl

by AtomicQuasar Ever thought drugs were getting more expensive? Here’s some data to back it up. From 2012 to 2017, these were the top 10 fastest-rising prices among the 36 top-selling drugs available from 2012-2017. ​ The rest of the charts + Article: https://www.clearvuehealth.com/b/drug-price-increase/ ​ Tools Used: D3 for Calculations, CSS/HTML for bars. Data Source: https://jamanetwork.com/journals/jamanetworkopen/fullarticle/2734804