- Stocks Drop on Bank, Commodity Company Woes; Turkish Lira Falls (BBG)
- Clinton and Trump to square off in highly anticipated debate showdown (Reuters)
- Profit Slump for S&P 500 Heads for a Sixth Straight Quarter (WSJ)
- Oil rises as OPEC meets, volatility hits post-Doha high (Reuters)
- Deutsche Bank Slumps to Fresh Record Low on Capital Concerns (BBG)
- Police Videos Fail to Quiet Protests in Charlotte (WSJ)
- What Wall Street’s Watching Ahead of the First Presidential Debate (BBG)
- Billionaire Donors Led by Soros, Simons Favor Clinton Over Trump (BBG)
- Trump, Clinton Assure Netanyahu on Future of U.S.-Israel Ties (BBG)
- Air strikes pound rebel-held Aleppo districts (Reuters)
- Corbyn Victory Leaves Little Resolved for U.K. Labour Party (BBG)
- Saudi Arabia Injects $5.3 Billion Into Banks to Ease Cruncha (BBG)
- Brutal Upheavals Mount as S&P 500 Bull Market Nears 8th Year (BBG)
- US wants to distract attention from coalition strike on Syria troops – Lavrov (RT)
- Hundreds Killed in Aleppo in Fresh Fighting (WSJ)
- Self-Driving Hype Doesn’t Reflect Reality (WSJ)
- Iran’s supreme leader tells Ahmadinejad not to run again for president (Reuters)
- Moody’s cuts Turkey’s credit rating to ‘junk’ after coup (Reuters)
- Russia, Syria accused of ‘war crimes’ in Aleppo bombardment (France24)
- Tudor Said to Close Singapore Trading Desk Amid Global Cuts (BBG)
- FBI report expected to show violent crime rise in some U.S. cities (Reuters)
Overnight Media Digest
WSJ
– The Canadian auto workers’ union won approval for a new four-year contract with General Motors Co, clearing the way for $544 million in investments by GM. http://on.wsj.com/2cvr9Ft
– Hyundai Motor Co plants in South Korea faced the first complete strike by unionized workers in more than a decade on Monday, putting the automaker’s sales targets at risk. http://on.wsj.com/2cvtpwi
– Singapore’s BandLab Technologies Ltd has purchased a 49 percent stake in Rolling Stone, including the magazine and its digital assets. The investment does not include ownership in Rolling Stone’s corporate parent, Wenner Media LLC. http://on.wsj.com/2cvtAYq
– Golf legend Arnold Palmer died on Sunday at the age of 87. http://on.wsj.com/2cvt9gU
– Two women suspected of planning an attack in France were detained by police in the southern French city of Nice. http://on.wsj.com/2cvtoZ6
FT
The United States on Sunday called Russia’s action in Syria “barbarism,” not counter-terrorism, while Moscow’s U.N. envoy said ending the war “is almost an impossible task now” as Syrian government forces, backed by Moscow, bombed the city of Aleppo.
HSBC Holdings Plc has hired Russell Reynolds, a leading City of London recruitment firm, to check for gaps in its roster of up-and-coming executives and to search for candidates to fill them.
French state-owned bank Caisse des Depots (CDC) is planning to sell shares worth hundreds of millions of euros in some of the country’s largest companies, its Chief Executive Pierre-Rene Lemas said in an interview.
Leading bankers who have held talks with government ministers have told the Financial Times they believe Prime Minister Theresa May will end up taking Britain out of the EU’s single market and customs union as political momentum behind a so-called “hard Brexit” grows.
NYT
– Rolling Stone, a magazine that for decades helped shaped music and popular culture but now finds itself facing significant legal and economic challenges, has brought in an outside investor for the first time in its nearly 50-year history. http://nyti.ms/2cOMwT8
– Arnold Palmer, 87, the champion golfer whose full-bore style of play, thrilling tournament victories and magnetic personality inspired an American golf boom, attracted a following known as Arnie’s Army and made him one of the most popular athletes in the world, died on Sunday, according to a spokesman for his business enterprises. http://nyti.ms/2dl2vNH
– A majority of British chief executives are considering moving their headquarters or some of their operations outside Britain as a result of the country’s decision to leave the European Union, according to a new survey by the accounting firm KPMG. http://nyti.ms/2da7yx3
– The veteran television personality Jane Pauley will replace Charles Osgood as the anchor of the highly rated CBS Corp show “Sunday Morning”. Osgood, who is retiring, announced the news on his last show on Sunday. http://nyti.ms/2dv6oyH
Britain
The Times
– Delancey, a company chaired by John Ritblat is suing China’s largest property developer Greenland Group’s UK division over claims that it has reneged on an agreement made as part of a high profile deal in London. http://bit.ly/2cwWZqe
– The European Commission is expected to respond to competition concerns by launching an inquiry this week into the 22 billion pounds ($28.54 billion) merger between the London Stock Exchange Group Plc and Deutsche Boerse AG . http://bit.ly/2cwWMmG
The Guardian
– BHS is poised to make a comeback as an online retailer just one month after the brand closed its last remaining high-street store. The business will be relaunched on Thursday, selling lighting and home furnishing products before adding clothing lines and kitchen and dining ranges over the coming weeks. http://bit.ly/2cwwYr7
– Britain’s biggest independent co-op has made the highest single payout to a worker for breaching low pay laws, 14,000 pounds, and is examining whether 200 others may have been paid below the minimum wage, the Guardian can reveal. http://bit.ly/2cwVQi5
The Telegraph
– Exetel, an Australian “challenger” broadband firm, has vowed to shake up Britain’s telecoms market when it launches in the UK this week with cheap fibre internet and data services aimed at small businesses. http://bit.ly/2cwX9hn
– UK’s decision to leave the EU will not dent growth at all this year, according to economic forecasts compiled by the Treasury, in a complete reversal of the gloomy short term forecasts made after the EU referendum. http://bit.ly/2cwXAbs
Sky News
– Zak Brown, chief executive of CSM Sport & Entertainment, is quitting the role at the end of the year amid suggestions that he could play a key role in the running of Formula One motor racing after it completes a 6.4 billion pounds takeover. http://bit.ly/2cwBqpJ
– Sebastian Grigg, a vice-chairman of Credit Suisse Group AG’s investment bank and one of its most senior European employees, resigned late last week to strike out on his own, Sky News understands. http://bit.ly/2cwuyZq
The Independent
– Jeremy Corbyn is preparing to tighten his stranglehold over Labour by appointing his own shadow cabinet and cementing his control over the party’s ruling executive. http://ind.pn/2cwZPv2
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