Pre-Marketing: It’s a (debt) deal

August 1, 2011, 2:52 PM UTC

We're finding deals everywhere...

* It’s a deal: The bill is releasedDetails from the White HouseText of Obama’s speech. Bohener’s powerpoint. Krugman cries. WSJ cheers.

* Pink slip alert: HSBC to cut 25,000 jobs

* Another Airbnb horror story, this time with meth pipes

* Morning Call: U.S. futures point higher, London rises early, oil jumps, gold falls and the Nikkei climbs.

* Richard Clarke: The coming cyber wars

* Your 15 minutes starts… now: Wall $treet Wives finds a cast

* Sign up for our daily email at

* Menzie Chinn: Why the 2008 crash was worse than you thought

* Movie time: One second of high-frequency trading in one minute

* Mystery solved? Feds may be closing in on DB Cooper

* Buying innovation: Google purchased over 1,000 IBM patents last month

* MTV turns 30: How reality TV killed the video star

* Showrooms or shopping? J.C. Penney’s new CEO tries to reinvent the department store

* DangDang CEO Guoqing Li, explaining his company’s sagging stock price: “Most American capital, funds and individual investors are incompetent and replicas of the mass media.”

* Investment banking by asset class:

Source: Thomson Reuters

* Our falling tax take (h/t Felix Salmon):