Financial Markets and Economy
Brexit Bulletin: May Away as Pound Keeps Falling (Bloomberg)
Prime Minister Theresa May heads to Denmark and the Netherlands today amid international concern and growing domestic opposition to her Brexit rhetoric.
U.K. Retailers Fret About Soaring Prices as Brexit Weakens Pound (Bloomberg)
U.K. retailers called on the government to protect consumers from higher prices, pointing to cost pressures from the weakness of the pound and the risk of tariffs on imports from the trading bloc.
Brexit-Proofing Ireland Means Locking In Record-Low Bond Yields (Bloomberg)
With Britain putting immigration control over a trade deal as it heads toward the European Union exit door, Ireland is bracing for impact.
Based on trade, Ireland is the economy most vulnerable to Brexit and exporters are already feeling the pain as sterling plunges to a five-year low against the euro.
Deutsche Bank got special treatment in the latest Europe-wide stress tests (Business Insider)
Deutsche Bank was given special treatment by the European Central Bank during recent stress tests carried out on Europe's biggest banks, as first reported by the Financial Times on Monday.
Not ‘unthinkable’ for oil to hit $60 this year, says Saudi energy minister (The Wall Street Journal)
ISTANBUL—Saudi Arabia’s energy minister Khalid al-Falih said that he was optimistic major oil producers could agree to cut production by November and that it wasn’t “unthinkable” that crude prices CLZ6, +1.25% could rise another 20% this year to $60 a barrel.
Hedge Funds Wrong-Footed by U.S. Gas Rally to 21-Month High (Bloomberg)
Hedge funds that raised bearish bets on natural gas by the most in two months were left blindsided after prices instead surged to the highest since the beginning of 2015.
Oil Glut Isn’t Holding Back Energy Efficiency Gains, IEA Says (Bloomberg)
The world is squeezing more from the energy it uses even though markets are awash in cheap oil and natural gas, a report from the International Energy Agency showed.
BOE Seeks Feedback on Sonia Benchmark Proposals Amid Overhaul (Bloomberg)
The Bank of England is seeking feedback on its proposals to overhaul a U.K. benchmark measure of overnight funding rates as officials seek to prevent a recurrence of the rigging scandals since the global financial crisis.
U.K. gilts take another pounding, fail to shake off sterling worries (The Wall Street Journal)
U.K. government bonds were sold off for a fifth straight session Monday amid concerns over the country’s fragile currency and increased fiscal spending.
Losses in bank stocks put a damper on European markets (Market Watch)
European stocks struggled Monday, with Deutsche Bank AG shares knocked lower in the absence of U.S. Justice Department settlement news from the German lender.
The Stoxx Europe 600 SXXP, +0.30% gave up 0.3% to 338.51, led by losses among SXFR, +0.07%, utility and health care stocks.
Shrinking financial markets will drive consolidation in martech (Venture Beat)
There is a crunch in capital funding on the horizon. The fact that many technology companies are waiting years between fundraising rounds is already indicative of this investment slowdown.
The pound has dived below $1.24 (Business Insider)
There is no let up for sterling.
After a disastrous week that saw the pound repeatedly mark new 31-year lows against the dollar, sterling is falling against the greenback again on Monday, dropping below $1.24 on the day.
Saudi Minister Says Oil at $60 by Year-End Not ‘Unthinkable’ (Bloomberg)
The oil-price could recover to $60 a barrel by the end of 2016, said Saudi Arabia’s Energy Minister, just weeks after agreeing to cut supply for the first time in eight years.
Goldman Sachs Sees Shock Potential for U.S., European Stocks (Bloomberg)
U.S. and European equities are in for a bumpy ride into the end of the year.
That’s the message from Goldman Sachs Group Inc., which says that political risks, exacerbated by a weak economy in Europe and high stock prices in the U.S., make those markets vulnerable to declines in the next three months.
Companies
How Wells Fargo's rivals make it harder for employees to create fake accounts (Los Angeles Times)
For Estela Slikker, life as a personal banker at a Chase branch in the East San Francisco Bay city of Martinez wasn’t easy.
She worked long hours trying to open enough accounts to meet her monthly sales goals and earn bonuses that could more than double her minimum-wage pay.
Facebook at Work, a New Service, Is a Latecomer but Brings a Big Name (The Wall Street Journal)
Facebook Inc. is used by a quarter of the world’s population to keep tabs on friends every month. Now, the 12-year-old social network is seeking similar dominance in the corporate world.
Politics
The Presidential Debate Show avoids 'disaster' after circus-like intro (CNN Money)
The collision of politics and tabloid culture hit a surreal crescendo in the hours before the second presidential debate, with embattled Republican nominee Donald Trump seeking to deflect and distract from video evidence of his treatment of women by dredging up Bill Clinton's past.
Fact-checking the second Clinton-Trump presidential debate (The Washington Post)
In the second presidential debate, Donald Trump once again relied on many dubious and false claims that have been repeatedly been debunked. His Democratic rival, Hillary Clinton, on occasion made a factual misstep, but it didn’t even compare to Trump’s long list of exaggerations.
Donald Trump Holds Media Event With Bill Clinton’s Accusers (The Wall Street Journal)
Donald Trump held a media event with women who have accused Bill Clinton of sexual misconduct, making it clear that Sunday night’s debate is likely to be a no-holds-barred showdown.
Technology
Spy photos capture Google's self-driving Chrysler minivans (Engadget)
Google will soon have self-driving minivans on the roads, judging by spy shots leaked by Electrek. The photos, taken from a Google facility in Mountain View, show a half-dozen Chrysler Pacifica vans being set up with Google's latest self-driving sensors. In total, it will equip 100 such vehicles with the tech, thanks to a deal with Fiat Chrysler.
Samsung nightmare gets worse as carriers bail on Galaxy Note 7 replacements (CNN Money)
On Sunday, two major carriers — AT&T and T-Mobile — said they would stop offering replacement Note 7s. The announcements hit Samsung stock, which dropped as much as 4.6% in Seoul on Monday.
The carriers' concern is that the new versions are no safer from fire risk than the originals.
UBS is launching its own 'robo-advisor' to bring wealth management down market (Business Insider)
UBS getting into the "robo-advice" market, launching an online wealth manager.
UBS SmartWealth will provide real-time financial advice, telling people where to put their money based on goals, means, and attitude to risk.
That Google Glass Blink-To-Shoot Feature? It's Headed To Any Pair Of Glasses With Blincam (Digital Trends)
The wink-to-shoot camera that puts what’s arguably the biggest feature from Google Glass into any pair of glasses is now headed to the United States. After successfully raising over $220,000 in crowdfunding in Japan, Blincam opened an Indiegogo campaign today to fund international distribution.
Olloclip introduces new interchangeable lens system for iPhone 7 (Mashable Asia)
My backpack is full of little lenses, optical image enhancement attachments from Olloclip for my iPhone 6 that I have literally used around the world. Now, with the iPhone 7, they are useless.
I need some new attachments. Olloclip, apparently, has me covered.
Health and Biotech
No evidence that plant-based alternatives to HRT actually work (New Scientist)
When the menopause hits and oestrogen levels tumble, it can be difficult to know whether to opt for hormone replacement therapy. The drugs can help with the symptoms, but can also increase a woman’s risk of some cancers.
Why It's Too Soon To Say HIV Has Been Cured (Popular Science)
A 44-year-old British man was seemingly "cured" of HIV last week. Scientists working on the therapy say that the virus is now completely undetectable in his blood, leading to headlines announcing an “HIV breakthrough” that could “spell the end of the virus”.?
‘3-parent’ baby method already used for infertility (New Scientist)
The first babies to be created using a “three-parent” method to overcome their parents’ infertility are due to be born in early 2017. New Scientist has learned that two women in Ukraine are both more than 20 weeks pregnant with fetuses created using such a technique.
Life on the Home Planet
Missiles Fired From Yemen Miss U.S. Navy Ship in Escalation (Bloomberg)
A U.S. warship was targeted in a failed missile attack from Yemen, the Navy said on Monday, two days after rebels there accused the Western-backed Saudi coalition of killing more than 140 people in an airstrike on the capital Sana’a.
Jordan to use crane to deliver aid to Syrian refugees trapped in no-man's land (The Guardian)
More than 70,000 Syrian refugees who are stranded in dire conditions on the Jordanian border could be about to receive long-awaited aid after an announcement by Jordan’s government of plans to use a crane to deliver supplies.
Syrian Terror Suspect Captured in Germany After National Manhunt (Bloomberg)
German police arrested a Syrian national suspected of preparing a possible terrorist attack, ending a nationwide manhunt set off when they found high explosives at his apartment in the eastern city of Chemnitz.
NASA Releases Photos of Hurricane Matthew Damage at Kennedy Space Center, Says It's Okay for Now (Gizmodo)
Many feared that NASA’s Kennedy Space Center was in for a world of hurt this weekend as the category 4 Hurricane Matthew ploughed its way towards the Florida panhandle. But the space agency says that damage was relatively minor and further inspections are taking place today.
