Be in the know. 19 key reads for Wednesday…

  1. Ford reports 16% sales increase in May amid employee pricing, tariffs (cnbc)
  2. U.S. auto sales up 1.4% in May, rush buying before tariff hikes slows (marklines)
  3. Proposed new auto loan tax deduction could help buyers get break on interest (usatoday)
  4. Alibaba, JD.com sales surge during 618 shopping festival on the back of subsidy programme (scmp)
  5. China stocks benefit from shift away from US assets: Natixis (scmp)
  6. Hong Kong’s Hopes Hinge On Trump-Xi Call & Policy Meeting Stimulus (chinalastnight)
  7. Action in Hong Kong Equity Markets Stirs Most Excitement in Years (bloomberg)
  8. Chinese Firms Brush Off US Tariff Risks With Domestic Confidence (bloomberg)
  9. The U.S. and China Are at Loggerheads Over Tariffs. Why a Trump-Xi Call Is Likely. (barrons)
  10. The Bull Market Is Being Powered by Stocks Outside the US (bloomberg)
  11. US Woes Spark Pivot to Europe, Safer Sectors, BC Partners Says (bloomberg)
  12. AI Data Center Boom Requires A Lot Of Natural Gas (zerohedge)
  13. Data Centers Added $9.4 Billion in Costs on Biggest US Grid (bloomberg)
  14. It’s Treasury Vs The Fed: With Fed Sidelined, Bessent Unleashes Record $10 Billion Bond Buyback (zerohedge)
  15. US Job Openings Unexpectedly Rose in April and Hiring Picked Up (bloomberg)
  16. Interest rates are normal, the world is not (ft)
  17. How Low Will the Dollar Go? (nytimes)
  18. PayPal Unveils Another Credit Card for In-Person Shopping Push (bloomberg)
  19. Tom Lee: Risk is now of a substantial leg-up rally from here (youtube)