“Apple is asking suppliers to study shifting final assembly of some products out of China, people familiar with the matter said, as trade tensions prompt the company to consider diversifying its supply chain.”
https://www.wsj.com/articles/apple-examines-feasibility-of-shifting-some-production-out-of-china-11561030751

Goldman Sachs Group Inc analysts now expect the U.S. Federal Reserve to cut interest rates in July and in September, according to a research note issued after Fed Chairman Jerome Powell on Wednesday signalled a rate cut as early as next month.

This marks a reversal for Goldman, whose economists said as recently as June 16 that the hurdle for rate…[Read more]

1. Central banks are easing policy – central banks around the world (including the ECB, RBA, FOMC, BOJ, and others) are either easing now or preparing to do so in the very near future

2. The US and China have an opportunity to repair their strained relationship at the G20 – Trump and Xi spoke 6/18 and confirmed plans to hold a bilateral mee…[Read more]

BAML investor survey:

* investors most bearish since crisis

* Equity allocations, 2nd-biggest drop on record

* cash holdings increased most since 2011

* global growth estimates fall most since 1994

* EPS expectations, 2nd-biggest decline on…[Read more]

As with Bitcoin, software developers would be able to build digital wallets and other services on top of Libra.

• Unlike Bitcoin, it would be directly backed by government currencies like the dollar or euro, so it wouldn’t fluctuate wildly in value.

• To acquire Libra digital tokens, which would be dispensed through a new Facebook subsi…[Read more]