Markets & Market Moving News....
Crude Inventory: -2.3MM Gasoline: +805K Distillates: -484K Cushing: -84K
Last-Minute Algo-Driven VIX-Crash Lifts Dow Green For 8th Straight Day http://www.zerohedge.com/news/2016-07-19/last-minute-algo-driven-vix-crash-lifts-dow-green-8th-straight-day …
.@SpeculaThor When measured by credit markets, Deutsche Bank trades in one league w/ Italian Banks.
Default probability of #Italy’s banks up after EU Court of Justice ruled that Slovenia’s bail-in in 2013 was legal.
#Turkey Lira weakening accelerates beyond 3 per Dollar.
Good morning from Berlin. Asia markets slipped as a downturn in oil curbed enthusiasm from fresh records on Wall St.
( Much more at Twitter Timeline....)
Very interesting read.
Wikileaks under cyber-attack after threatening release of Turkey cables http://ow.ly/XG3V302o9hy
Erdogan supporters spread fear in Germany as protesters smash windows and write abuse http://bit.ly/29YtWt9
Gulen comment regarding Turkey's extradition request.
Interesting tidbit (H/T Laura.) Seems power cut still in effect at Incirlik AFB. That means power cut since 7/16 !
TURKEY: External power to Incirlik Air Base remains out, forcing the base to rely on generators for electricity http://www.stripes.com/news/incirlik-relying-on-generators-to-power-operations-1.419841 …
After a somewhat confusing array of statements (some contradictory in nature) , here is where things seem to stand.
As to whether a second coup attempt likely in near term -unlikely due to purge.
TURKEY REMOVES HEAD OF GENDARMERIE FROM DUTY: HT
Purge totals status. Also-when 21,000 private teachers , who had suspended today included -grand total-66,562.
Libyan dinar continues to crash as it breaks 5-dinar mark against the dollar - https://www.libyaherald.com/2016/07/20/libyan-dinar-continues-to-crash-as-it-breaks-5-dinar-mark-against-the-dollar/ …
Not much going right these days...
Proposal says this Defense Board would be in charge of appointing Chiefs of Staff: source #TunisTalks
Tunis mtg of security figures discussed proposal of forming 9-member Defense Board headed by Haftar while GNA retains SupremeCommand: source
#Libya Only 22 of the 40 members of Libya Dialogue, which created the UN-backed govt, attend key meeting Tunis https://www.libyaherald.com/2016/07/18/impatient-libya-dialogue-warns-serraj-to-do-better/ …
Impatient Libya Dialogue warns Serraj to do better - https://www.libyaherald.com/2016/07/18/impatient-libya-dialogue-warns-serraj-to-do-better/ …
Odds & Ends....
France extends state of emergency for 6 more months...
Total surveillance - People's work, social and behavioral patterns are recorded, analyzed and archived.
ABC reports Rajoy might not try confidence debate if PSOE's Sánchez doesn't promise King he will abstain.
Following recent shootings in Baton Rouge , La - another policeman shot in line of duty - Kansas City , Kansas.
BREAKING: Clinton expected to announce VP pick on Friday http://hill.cm/MezcVL3
Iraq PM accepts resignations from 5 key Ministers - can he get replacements approved by Parliament?
Corbyn Miles Ahead of Smith:
FSA rebels, thought to be of US-backed Nurredine Zinki Brigade parade, then behead a child said to be captured on Handarat Front in Aleppo
Absolutely horrid ( please note video very graphic and not suitable for many) ...note this beheading by "moderates".
This really goes some distance to clarify why Ailes is being pushed to resign or be fired. Megan Kelly a victim too.
Separate incident from man who attacked woman and her children , apparently.
Apparently not done due to ISIS direction-but subjective offense concerning dress (appropriate) of victims.Horrible.
Brexit vote not changing fact UK remains a great destination for investment.