Zero Hedge

Initial Jobless Claims Tumble Back Near YTD Lows The brief hysteria of a surging pace of initial jobless claims is now well ans truly back in the dustbin of data-driven-drivel history as the number of Americans applying for unemployment benefits for the first time fell to 218k last week

Durable Goods Orders Rebound Bigly In August Amid all kinds of front-running and subsequent hangover swings in durable goods orders surrounding the tariffs, preliminary data for August shows a major rebound (+2.9% MoM), far better than the 0.3% MoM decline that analysts expected... Source:

French Ex-President Sarkozy Given 5-Years In Prison For Libya Campaign Financing Scandal Former French President Nicolas Sarkozy has been sentenced to five years in prison and a €100,000 fine after being found guilty of criminal conspiracy in a high-profile case involving alleged illicit funding

Q2 GDP Revised Sharply Higher To 3.8%, Best Quarter In Two Years It started off as 2.960%; one month later it was revised higher to 3.290%, and moments ago the Bureau of Economic Analysis reported that Q2 GDP was revised once again, and even higher this time, to a whopping 3.830%, the highest print

Futures Slide As Record-Breaking Rally Cracks US equity futures are lower after giving up overnight gains with bond yields reversing earlier losses and rising by 1-2bp and the USD is at session highs; yesterday was the best USD performance since Sep 2. As of 8:10am ET, S&P futures are down 0.4%