July 09 (Tuesday)

Markets
Stocks Fall as Prospects of Aggressive Fed Rate Cuts Recede (W)
Dow falls more than 100 points as Apple leads tech slide (C)
If the S&P 500 hits this level, it could signal a market top (C)
During Stock Rally, Nervous Investors Buy Bonds, Too (W)
Fed Expectations Trigger Record Run of Outflows in Leveraged Loans (W)

Central banks
Cramer: Powell needs to defend the Fed’s independence on Capitol Hill this week (C)

US
Weaker growth will offset a Fed rate cut — so sell stocks, warns Morgan Stanley (MW)
Apartment rental demand soars as more millennials believe it’s cheaper than owning a home (C)
U.S. Consumer Borrowing Climbs on Bigger Credit Card Balances (B)
$15 minimum wage would boost pay for 17 million but 1.3 million would lose their jobs, CBO says (C)

China
Heavy Debt Humbles China’s Business Champions, Including the Jewelry Queen (W)

US politics
Eric Swalwell will be the first prominent Democrat to drop out of the 2020 presidential race, reports say (C)
Elizabeth Warren raises $19 million in second quarter, ahead of Sanders but behind Biden (C)

Geopolitics & trade
Iran’s Breach of Nuclear Pact Tests European Resolve (W)
Why the U.S. Should Remain Protector of World Oil Flows (W)

Industries & companies
Consumer: P&G, in Search of New Markets, Is Going After Bugs (W)
FAANGs: Amazon workers are reportedly planning a Prime Day protest (C)
Financials: Deutsche Bank Shares Fall Sharply on Restructuring (W)
Financials: Deutsche Bank Layoffs Begin as Workers Feel Turnaround Plan’s Impact First (N)
Tech: Samsung Expects Operating Profit to Fall More Than 50% (W)
Tech: Apple ‘fundamental deterioration’ to last into 2020, analyst predicts (MW)