MMN Editor

Your day-ahead look for March 10, 2026

Glassnode data shows strong demand during bitcoin’s recent correction, with 200,00 BTC purchased over the past two weeks.

Hedge fund manager Bill Ackman is again trying to take his fund management company public alongside the launch of a new fund.

The company’s co-founders said they are leaving to start a new mRNA-based company.

As Trade Growth Surged, Goldman’s One-Delta Desk-Head Asks “Is China Done Exporting Deflation?”

China’s trade growth accelerated sharply in January-February (exports: +21.8% yoy, imports: +19.8% yoy) and came in well above consensus expectations, prompting Goldman’s Rich Privorotsky to ask:

Rebounding aggressively. China exports were strong and CPI came in hot earlier in the week, prompting the question: is China done exporting deflation?

Government data showed that exports soared 22% during the period, compared with a 7.2% median estimate from Wall Street analysts surveyed by Bloomberg. Imports jumped nearly 20%, according to a statement released Tuesday by the General Administration of Customs. The trade surplus came in at $214 billion, an all-time high for the January-February period.

Notably, both months are combined to smooth out any distortions caused by the Lunar New Year holiday.

Trade flows show China is becoming less reliant on the US market. Exports to the US fell 11%, while shipments to Africa surged nearly 50%. Exports to ASEAN rose more than 29%, and shipments to the EU climbed almost 28%.

This data shows Beijing is finding alternative markets as the Trump administration’s ‘America First’ agenda decouples from China.

Total exports for January nearly topped $357 billion, the second-highest on record, according to Bloomberg calculations based on official data.

Société Générale SA economist Michelle Lam said surging trade volumes in China were due to strong tech product demand driven by the artificial intelligence boom.

Among major categories and in sequential terms, import value of semiconductors increased the most, followed by metal ores and products, while import value of energy goods decreased (mainly from natural gas and coal). In year-over-year terms, chip imports continued to accelerate by 40.0% yoy in January-February.

Also on the import side, Crude volumes rose sharply in January and February as Beijing amassed reserves, pre-empting Mideast risks, and analysts say it provides a strong buffer for global supply disruptions.

China imported 96.93 million tonnes of crude in January and February, up 15.8 per cent from the same period in 2025, according to customs data released on Tuesday. The value of those imports, meanwhile, fell 5.2 per cent from last year in US dollar terms.

“China was accumulating oil and gas stockpiles [earlier this year], with the market expecting the US to strike Iran,” said Chim Lee, senior analyst at the Economist Intelligence Unit.

“It built on the record-breaking strong stockpiling momentum we saw in 2025.”

While highly exposed to Middle Eastern oil, China has built a substantial stockpile – which Lee estimated to be around 120 days of import cover – that provides a buffer against potential supply shocks.

“China should also benefit from AI supply chain-related goods,” Lam said. “That supports our view that there is no major growth risks despite modest stimulus this year, helped by export demand, with US-Iran situation risks to watch.”

The trade data comes after China’s consumer inflation accelerated to the highest in more than three years, while producer deflation persisted, with soft demand remaining a drag on the economy.

The positive start to the year came just before Operation Epic Fury in the Middle East upended global energy markets and commercial shipping lanes. This now poses a severe risk for the world’s largest exporter as the economic fallout from an energy shock may first weigh on industry.

Zichun Huang, China economist at Capital Economics, said, “Tensions in the Middle East will push inflation higher for as long as global energy prices remain elevated.”

“An extended conflict in an oil-producing region will fuel inflation, reduce room for monetary easing, and negatively affect global growth outlook — that, in turn, will affect China’s exports,” said Ding Shuang, chief economist for Greater China and North Asia for Standard Chartered Plc. “Given the uncertainty about how long the war will last, I think it is too early to think about stimulus. In fact, the growth target for 2026 was lowered partly to deal with an unpredictable situation like this.”

The trade and inflation data come just weeks before the summit between Chinese leader Xi Jinping and President Donald Trump to discuss ways to end the trade war. A potential mega Boeing-China jet deal may suggest positive results could emerge from the upcoming meeting.

Tyler Durden
Tue, 03/10/2026 – 07:45

Former NBA star Jalen Rose suggested in a recent podcast there was a racial aspect behind certain professional sports leagues having a salary cap.Rose appeared on a live edition of the “Joe and Jada Unfiltered” podcast last week and said the “only sports that have salary caps are Black led” as he talked about his problem with the system. He named leagues like MLB, NASCAR, golf and tennis that do not have salary caps. Though, he failed to mention that the NHL has a salary cap as roughly two dozen NHL players are Black.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM”The second thing is they have no after high school restrictions,” he continued. “So, that’s a residue of slavery because we’re going to get money off of you for multiple years for free. There’s no way around it. So, what happened in the game, it became so obvious because of social media and because of information, it’s like ‘We’re making a billion dollars, we gotta pay them something. That’s how it ended up happening.”The member of the “Fab Five” Michigan Wolverines men’s basketball team added he was “happy” to see players get paid off of their name, image and likeness. But, “if you notice, you still got to pay the system,” he said.NBA CANCELS TEAM’S PROMOTION CELEBRATING FAMED STRIP CLUBRose said another issue of his was eligibility for the pros. He noted that in the NFL, players usually have to be three years removed from high school to enter the NFL. He pointed to all-time greats in the NBA like Kobe Bryant and Kevin Garnett have been productive coming out high school. He didn’t mention the careers of Kwame Brown, Eddy Curry, DeSagna Diop and countless others who fizzled out without playing college basketball.In baseball, high school players come out and get drafted but start their careers in the minor leagues.MLB is expected to have a fight about whether to have a salary cap in the next round of collective bargaining talks. The league appears to be ready to push for one, while the players have been opposed.Follow Fox News Digital’s sports coverage on X and subscribe to the Fox News Sports Huddle newsletter.

Vietnam’s trade ministry is urging businesses to encourage employees to work from home to curb fuel consumption as the country grapples with supply disruptions and sharp price increases triggered by the U.S.-Israeli war involving Iran.In a statement on Tuesday, the government said Vietnam has been among the nations hardest hit by the turmoil due to its heavy reliance on energy imports from the Middle East. Citing a report from the Ministry of Industry and Trade, it called on companies to “encourage work-from-home when possible to reduce the need for travel and transportation.”Fuel prices have surged since the end of last month, with gasoline up 32%, diesel rising 56% and kerosene climbing 80%, according to data from Petrolimex, the country’s top fuel trader. Long lines of cars and motorbikes were seen at petrol stations in Hanoi on Tuesday.The ministry also urged businesses and individuals not to hoard or speculate on fuel.GAS PRICES COULD JUMP AS MIDDLE EAST TENSIONS THREATEN GLOBAL OIL SUPPLYPrime Minister Pham Minh Chinh on Monday held calls with leaders of Kuwait, Qatar and the United Arab Emirates to secure additional fuel and crude oil supplies. The government has also removed import tariffs on fuels through the end of April in a bid to ease pressure on the market.President Donald Trump’s strikes on Iran have made for volatile crude markets, with prices surging to $120 a barrel in the U.S. over the weekend before dipping back to just over $80 on Monday night as Trump spoke to a Republican retreat in Florida.Prices have stabilized after Trump assured investors the Strait of Hormuz will be safe for oil tankers in the Middle East, a notorious choke point for the largely dismantled Iranian regime.TRUMP IS REALIGNING WORLD ENERGY MARKETS AND THE IRAN STRIKES ARE ACTUALLY HELPINGThe situation in the region remains tenuous as Iran has announced Mojtaba Khamenei as the next supreme leader, a decision that Trump told Fox News that he “was not happy” about.”I don’t believe he can live in peace,” Trump said from Air Force One.Iran’s Revolutionary Guard said Tuesday they would not let any oil out of the Middle East until U.S. and Israeli attacks cease, a threat that had prompted Trump to threaten to hit Iran “20 times harder” if it blocked exports.US SIGNALS READINESS TO ESCORT TANKERS THROUGH HORMUZ AS TRAFFIC THINS BUT NO MISSION LAUNCHEDDespite the defiant rhetoric from both sides, investors placed strong bets Tuesday that Trump would call off his war soon, before the unprecedented disruption it has caused to energy supplies causes a global economic meltdown.”I’m hearing they want to talk badly,” Trump said, as the Department of War has claimed 50 Iranian naval vessels have been sunk and Trump is suggesting the war objections are weeks ahead of schedule, if not nearly “complete.””It’s possible,” Trump added of engaging the new Iranian leadership, descendants of the deceased leaders, but said it “depends on what terms, possible, only possible.””You know, we sort of don’t have to speak anymore, you know, if you really think about it, but it’s possible,” he said.Fox News’ Trey Yingst and Reuters contributed to this report.

When Oksana Masters crossed the finish line to capture her 10th Paralympic gold medal on March 6th, it was just another amazing chapter in a book filled with them.

The U.S. Air Force is acquiring AIRCO’s containerized system which can produce aviation fuel anywhere int he world, with the first unit to be delivered next year.

Viognier, Marsanne, and Roussanne show up across the Rhône in whites that are textured, balanced, and easy to pair with food.