Be in the know. 19 key reads for Friday…

  1. Jeep Cherokee Resurrected as Hybrid SUV to Reverse Sales Slump (bloomberg)
  2. US Existing-Home Sales Rise as Price Growth Simmers Down (bloomberg)
  3. July Home-Price Gains Were the Weakest Since 2023. This Economist Says Broader Declines May Be Ahead. (barrons)
  4. Mortgage Rates in the US Hold at the Lowest Level Since October (bloomberg)
  5. Home Depot, Lowe’s Target Pro Businesses to Boost Revenue (wsj)
  6. Divisions Grow Inside Fed Ahead of Decision on September Rate Cut (wsj)
  7. Fed officials lukewarm on September rate cut as markets await Powell speech (reuters)
  8. Rise in US jobless claims adds to signs of labor market softness (reuters)
  9. US Manufacturing Activity “Unexpectedly” Soars To Highest Since 2022 (zerohedge)
  10. Defense Stocks Are Having a Great Year. These 12 Have More Room to Run. (barrons)
  11. The Best Consumer Defensive Stocks to Buy (morningstar)
  12. Stocks In Longest Selloff Since January As Tech Continues To Dump, But Small Caps Jump (zerohedge)
  13. This is the critical detail that could unravel the AI trade: Nobody is paying for it. (marketwatch)
  14. ESPN Launches New Streaming Service at Key Moment for Television (barrons)
  15. Disney CEO Bob Iger: We believe the new app will ‘contribute nicely’ to ESPN’s bottom line over time (youtube)
  16. Intel Has Lots of Problems. Money Doesn’t Top the List. (barrons)
  17. Nvidia looking to halt H20 chip production after China cracks down on purchases, reports say (cnbc)
  18. Chinese Lithium Trading Spikes Amid Volatility, Supply Concerns (bloomberg)
  19. Big Pending China Deals for Boeing, Airbus Set Comac Back Again (bloomberg)