Financial Markets and Economy
Oil Surplus to Persist in 2016 as IEA Sees Demand Growth Slowing (Bloomberg)
Global oil markets will remain oversupplied next year as demand growth slows and Iranian exports are poised to recover with the lifting of sanctions, the International Energy Agency said.
Johnson & Johnson is buying $10 billion worth of itself (Business Insider)
Johnson & Johnson is set to report third-quarter earnings results on Tuesday morning.
Ahead of the release, the company announced a $10 billion share buyback program.
German Investor Confidence Drops as Volkswagen Woes Damp Outlook (Bloomberg)
German investor confidence fell to the lowest level in a year as Europe’s largest economy faces the fallout of Volkswagen AG’s emissions scandal and weaker growth in emerging markets.
Falling profits don’t signal an economic recession (Market Watch)
There’s nearly always a story in the market about how the U.S. economy is headed for recession, and this week’s version is that the earnings U.S. companies are just beginning to report will drop for the second straight quarter — and that means a recession.
Turkey's Perma-Bear Says Now Is the Time to Buy Lira Assets (Bloomberg)
Amid the worst terror attack in its history, divisive looming elections and a slowing economy, one of Turkey’s most entrenched bears has picked now of all moments to turn positive.
The government sold its last stake in Royal Mail and now shares are tumbling (Business Insider)
For the first time in its history, the Royal Mail is a fully private company, and the markets do not like it one bit.
Charting the Markets: Nine-Day Rally Undone by China (Bloomberg)
Double figures is looking out of reach, for now.
Dollar slips against yen as risk appetite wanes after China data (Market Watch)
The dollar fell against the yen on Tuesday, as slumping Asian stocks and weak China trade data prompted investors to buy the safety of the Japanese currency.
Glencore shares are sinking again (Business Insider)
Glencore shares are getting hammered at the open on Tuesday.
Biggest beer deal ever: AB InBev to buy SABMiller (CNN)
The combined firm will be the world's largest beermaker by far, with nine of the world's top 20 beers by volume.
Miners Lead U.K. Stocks Lower; SABMiller Surges on AB InBev Deal (Bloomberg)
Declines in commodity producers and banks dragged U.K. stocks lower for a second day.
Solution Without a Problem? A Tax on High-Frequency Trading (NY Times)
If there’s one thing that the Democratic presidential candidates can agree on, it’s that high-frequency traders are a problem. Hillary Rodham Clinton has now followed Bernie Sanders and Martin O’Malley in calling for a tax on the traders who, they complain, use their high-speed computers and expensive data lines to pick the pockets of ordinary investors.
Citi dials down risky block trading amid market turmoil (Business Insider)
Over the summer, as the U.S. stock market wobbled and then plunged 4 percent in a day, Citigroup made a tough choice: to dial down risk-taking in the bank's capital markets group.
Phil Drury and Doug Adams, then co-heads of U.S. equity capital markets focused on block trading, a corner of the trading business where razor-thin margins can quickly turn to big losses when markets sour, according to people close to the matter.
European Index Futures Decline as Investors Take Cue From Asia (Bloomberg)
Carmakers and commodity producers dragged European stocks lower as worse-than-expected Chinese import data reignited investor concern over growth prospects in the world’s second-biggest economy.
Asian shares slip from two-month high, oil regroups after slide (Business Insider)
Asian shares stepped back from two-month highs on profit-taking on Tuesday and oil prices regrouped after Monday's big fall, while the dollar was on the defensive as expectations of an imminent U.S. rate hike receded.
Europe Investors Buy Just 1% of Chinese Bank's London Yuan Bonds (Bloomberg)
China Construction Bank Corp. sold 1 billion yuan ($158 million) of Dim Sum bonds in London but only 1 percent of the buyers are from Europe.
Talk Is Cheap for Euro as QE's Diminishing Returns Thwart Draghi (Bloomberg)
Traders are losing their faith in Mario Draghis ability to weaken the euro.
BOJ Capping Bond Yields Means Quiet Debut for Volatility Index (Bloomberg)
Investors have a new gauge of volatility in the $8.3 trillion Japanese government bond market. It may be a long time before it springs to life.
A major investment bank just broke down the world's astonishing and warped distribution of wealth (Business Insider)
The distribution of global wealth is getting more unequal every year, according to a huge study by Credit Suisse.
Politics
How Clinton and Sanders would tackle inequality (CNN)
Reducing income inequality is at the center of both Democratic presidential frontrunners' campaigns. Their goal: To lift up working Americans and shore up the middle class.
Just how they plan to do this is almost certain to come up on Tuesday night when CNN hosts the inaugural Democratic debate.
Bernie Sanders Isn't Socialist Enough for Many Socialists (Bloomberg)
How to define the political philosophy of Vermont Senator Bernie Sanders?
On Meet the Press on Sunday, the Democratic presidential candidate was asked by host Chuck Todd whether he was a capitalist.
“No,” Sanders responded. “I'm a democratic socialist.”
Technology
Robotic laser astronomy on the rise (Phys)
The world's first robotic laser adaptive optics system, developed by a team led by University of Hawai?i at M?noa astronomer Christoph Baranec, will soon find a new home at the venerable 2.1-meter (83-inch) telescope at Kitt Peak National Observatory in Arizona. This system, renamed Robo-AO KP, will be the world's first dedicated adaptive optics astronomical observatory and will allow astronomers to take an unprecedented number of highly detailed images of a wide range of celestial objects.
Health and Life Sciences
Summer babies are healthier adults (CNN)
Want to have a healthier and taller baby? You may want to aim for having a child in the summer months. Sunlight may be key to this phenomenon, according to scientists in Cambridge, England, who came to this conclusion after looking at data from nearly half a million people in the United Kingdom.
Brain map makes stable 'fingerprint' (BBC)
Neuroscientists have found that they can identify individuals based on a coarse map of which brain regions "pair up" in scans of brain activity.
The map is stable enough that the researchers could pick one person's pattern from a set of 126, by matching it to a scan taken on another day.
Life on the Home Planet
U.S. Ready to Fight Bird Flu (Wall Street Journal)
U.S. poultry companies and regulators are taking unprecedented steps to combat the potential return of an avian-influenza virus that roiled egg and turkey farmers earlier this year and killed more than 48 million birds.
Arabs Attack Israelis Three Times, Multiple Injuries Reported (Bloomberg)
The worst Arab-Israeli violence since the 2014 Gaza Strip war escalated on Tuesday as Palestinians assaulted Israelis in five separate locations in the space of 90 minutes.
Two people were killed and least six were hospitalized, police said. In addition, one assailant was killed and two are in custody.
