Markets.....
Gold Tops Bonds, Stocks In Week When Fed Crushed Economic Growth Hopes http://www.zerohedge.com/news/2016-09-23/gold-tops-bonds-stocks-week-when-fed-crushed-economic-growth-hopes …
Buy bonds, buy stocks, sell risk, blame the Fed! http://on.mktw.net/2cSaKkx
2016 qtrly GDP:
Q1: 0.8%
Q2: 1.1%
Q3 P: 2.3%
Q4 P: 1.2%
Welcome to the recovery
The Fed is expected to hike in a quarter in which it forecasts GDP will grow just 1.2% https://www.newyorkfed.org/medialibrary/media/research/policy/nowcast/nowcast_2016_0923.pdf?la=en …
NY FED 3Q NOWCAST GDP FORECAST +2.3% VS PREV +2.8%. Non-GAAP GDP approaching GAAP GDP
NY Fed blames "manufacturing, retail sales, and housing and construction data" for slashing GDP forecast
Frontrunning: September 23
Good morning from Berlin. Rebound in global equities sputtered in Asia as Dollar strengthened and #oil retreated from a 2-week high.
Bad day for oil...
Confirming what was apparent , but news I guess to some...
$1.84. -3.97%.
IRAN SAID UNLIKELY TO AGREE OIL FREEZE AT CURRENT LEVELS:PLATTS
*Iran won’t freeze oil output now; deal unlikely in Algiers: Iranian official
RUSSIA WANTS OPEC TO FIRST AGREE SUPPLY PACT BETWEEN THEMSELVES
RUSSIA DELEGATION MAY LEAVE BEFORE OPEC'S SEPT. 28 ALGIERS MEET
“They still cannot even agree on a baseline for a freeze,” said one person who attended the Vienna meeting. via @WSJenergy @michaelkamon
ECB POLICYMAKERS LEANING TOWARDS SIMPLY TWEAKING QE, NO RADICAL CHANGES - RTRS SOURCES
BOJ credibility in question...
Around The Horn In Europe......
ECB Embarrassment: €18 In QE Generated Just €1 In GDP Growth http://www.zerohedge.com/news/2016-09-23/ecb-embarrassment-%E2%82%AC18-qe-generated-just-%E2%82%AC1-gdp-growth …
Austria and France will today demand TTIP talks be suspended until after US presidential election, Austrian Deputy Chancellor tells @welt.
Sure sign he knows that Referendum is going down in flames. Apart from that , quite the weasel move by Renzi.
Surprisingly , Schauble "rises" to defend CSU leader and Merkel critic Seehofer...... knives are out.
Hungary, Republikon poll; Migrant Quota Referendum:
I approve (the plan of the EU): 5% (-3)
Disapprove : 95% (+3)
#RefugeeCrisis
France, Elabe poll:
Le Pen (FN-ENF): 27%
Sarkozy (LR-EPP) 19%
Macron (NI-NI) 18%
Mélenchon (FG-LEFT) 14%
Montebourg (PS-S&D): 7%
IMF:even with implementation of all reforms debt is highly unsustainable so relief needed is far beyond than what is currently considered
IMF:Recent pension reform was politically difficult step-but is well short of what needed-further reduction in current pensions necessary
IMF:GR needs to pursue deep reforms in key areas to increase economy’s resilience within currency union without long-term support from Eu
IMF:Greece has made significant progress in unwinding its macroeconomic imbalances, but growth has remained elusive and risks are high
Not sure how they plan to rescue Paschi....
#Spain | Aug PPI M/M: -0.2% v 0.0% prior; Y/Y: -3.1% v -4.6 %
#France | Qa2 GDP decent inventory unwind …
Deutsche Bank needs a year or more to improve compliance and clamp down on the malpractice that has cost it billions of euros in fines.
Deutsche Bank's finances become a topic in Berlin as total assets of Germany's biggest lender equates to 58% of GDP. http://bloom.bg/2d791ah
Another blow to Merkel: Schaeuble defends Bavarian ally in twist to German coalition row. http://reut.rs/2cNxySH
#Italy PM Renzi to Merkel: Your obsession w/ austerity is strangling Europe & your country is the only one profiting
http://www.bloomberg.com/news/articles/2016-09-20/austerity-only-benefits-germany-and-destroys-europe-renzi-says …
US Politics....
Yeah , it's a clown show......
Hillary Clinton campaign announces, then abruptly postpones, trip to Charlotte http://read.bi/2cA7MOM
Clinton and Trump spent half of what Obama and Romney spent in August: http://theatln.tc/2dgrM7c
Report: U.S. intel officials are investigating alleged promises a Trump advisor made to the Kremlin.
Clinton retweets old Cruz attack to mock his endorsement of Trump http://hill.cm/K1nIQS4
"Crooked Hillary's bad judgement forced her to announce that she would go to Charlotte on Saturday to grandstand. Dem pols said no way,dumb!”
#NEW @GQRResearch Head-2-Head Polls
Pennsylvania
Clinton +9
Nevada
Clinton +3
North Carolina:
Clinton +3
Ohio:
Clinton & Trump are tied
Corey Lewandowski will have earned nearly $500,000 from Trump campaign while working for CNN http://read.bi/2czZJBo
Why not veto during market hours , if veto had already been decided ?
Anyone honestly shocked by truly didn't understand Ted Cruz. Maybe now is the light bulb coming on ?
Trump troll Mark Cuban invited by Clinton campaign to sit front-row at debate: http://hill.cm/LZfHa69
Should be interesting...
'Profoundly sad day': Top members of Never Trump movement react to Cruz's support for Trump http://read.bi/2ctIh3c
Ted Cruz explaining things......
64 days ago, Cruz refused to endorse Trump and went on an epic tirade defending his decision http://read.bi/2d4A6pX
In 3 days, Hillary Clinton and Donald Trump take the debate stage. We'll have live, comprehensive coverage on @ABC TV and across digital.
Total debt under Obama: from $10.6 trillion to $19.5 trillion (so far) http://www.zerohedge.com/news/2016-08-28/obamas-parting-gift-20-trillion-public-debt-and-rising-budget-deficit …
Looks like it really was just that easy to find....
Hillary Clinton clashes with President Obama on JASTA -she would have signed not veto the law.
Judge orders State Department to release Clinton emails 3 times before Election Day
3 more got immunity in Clinton email, including Bentel, former State IT, for any improper handling of class’d info.
Chaffetz says immunity for Clinton aide Mills in email probe "is beyond explanation. The FBI was handing out immunity agreements like candy"
.@BorowitzReport: Trump Warns That Clinton Will Rig Debate by Using Facts http://nyer.cm/3eF5QXg
Support among African American voters:
Clinton 93
Trump 3
—McClatchy/Marist poll:
New Clinton ad again uses Trump's voice, words against him; specifically, his insulting of women.
New Jersey Gov. Chris Christie could face impeachment following the early testimony in the Bridgegate scandal trial
VETO: Pres Obama vetoes 9/11 Lawsuit Bill: S. 2040, the "Justice Against Sponsors of Terrorism Act" (JASTA). His 12th veto as pres.
Nancy Pelosi isn't wavering on JASTA. Obama can veto on Friday but Pelosi says "The families will have the votes."
Washington Post editorial on JASTA: "A precedent other countries could easily turn against the United States"
Sen Schumer says President Obama's veto of JASTA is a "decision that will be swiftly and soundly overturned in Congress."
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