Wednesday, May 24, 2017

Economic News , Data & Views....May 24 , 2017.....Quick Hits Fro Wednesday -1) Markets : Asia - Economic Calendar For Thursday , Market Moving Data & News As Available; US - US Stock Indexes , Gold , US Treasuries All Catch A Bid After FOMC Meeting Minutes , FOMC Minutes Major Driver For Dow / S&P / Nasdaq All Green For the Day & Treasury Yields Lower , US Crude Finishes Modestly Lower On The Day. 2) US Politics : SoS Tillerson On AF-1 Today Discusses NATO & G-7 Meetings Subjects - Russia / Ukraine /Expectations Of Trump Regarding NATO / Trade Agreements / Afghanistan / Paris Climate Deal ; POTUS Meets Pope , Onward To NATO Meeting Thursday & G-7 On Friday ; AHCA Act Updates - CBO Scores House Bill ; Swampland News For Wednesday ; FBI Director Items ( Past And Yet To Come ) Items. 3) Philippines - Marawi Siege Continues The Day after President Duterte Declares Martial Law In Parts Of Philippines. 4) Brazil - Instability Worsens As Protesters Seize And Set Fire To Government Buildings , President Temer Calls In Military To Quell Protests. 5) Indonesia - Two Explosions Hit Public Transit Terminal Today Causing Casualties. 6) Manchester Attack Updates ( News From UK & Libya On Point ) , 5 Arrests Made In UK And Two In Tripoli . 7) Odds & Ends - Libya , Iraq & Bitcoin !



Markets.....



Asia....





Good morning! Asia stocks hit 2y high after dovish FOMC minutes w/ South Korea at record, Taiwan at 17y high. Oil at 5wk high ahead of Opec.






Economic data due from Asia today - and PLENTY of central bank speak




Reuters Corporate Survey: 95% Of Japan Firms Have No Desire To Join China's "Belt And Road" Initiative





Reuters Corporate Survey: 87% Of Japan Firms Support Govt's Vow To Block Sale Of Toshiba Chip Unit That Risk Key Technology Leaving Country





Reuters Corporate Survey: 58% Of Japan Firms Favour Cautious Approach To Toshiba Delisting, 37% In Favour Of Delisting





Reuters reports on US Navy freedom of navigation exercise near China



New Zealand budget day - preview




1 hour ago
First Philadelphia, now Philippines: Excise tax on sugar-sweetened drinks to hike prices up to 140%







US Markets....






1 hour ago
Forexlive Americas FX news wrap: Dollar lower after FOMC meeting minutes



Treasury secretary Mnuchin. Looking at issuing ultra long bonds



Treasury secretary Mnuchin. Looking at issuing ultra long bonds


Dollar falls but recovers a bit after FOMC meeting minutes


US Crude oil futures down $0.11 to $51.36



US Politics.....






The FBI will not turn over memos detailing discussions between Trump and Comey to a House committee, chairman says.






Jason Chaffetz chairman of the House Oversight Committee, cast doubt on whether Comey would provide the memos – or whether they even exist.1








Replying to 
“He would not confirm where they are, what their presence-if there is a presence of these documents, he would not say a word about that,” 2





Replying to 
Chaffetz also said that the FBI had refused the oversight committee's request for Comey's memos.3






Still waiting for actual evidence. Hopeful Special Counsel Mueller can put this to rest - one way or the other.







CBO score on new House Health Care Bill has been scored !







ACHA update..







CBO: 23M To Lose Coverage After 10 Years Under Revised Bill





CBO $834B Less Medicaid Spending Over 10 Years Under House Bill





CBO Releases Score Of House Passed Health Care Bill - Estimates Health Bill To Reduce Deficits $119B/10 Years







Chaffetz: Congress needs to have oversight on special counsel probe into Russia








Pressure on Flynn gets ratched up , Page set to testify before House Intel Committee in early June....








Freedom Caucus: We oppose raising the debt ceiling with no conditions attached







1 hour ago
Israel changes intelligence-sharing rules after Trump leaks info to Russians: report







1 hour ago
JUST IN: Sean Spicer noticeably absent from Trump's meeting with Pope Francis






1 hour ago
JUST IN: Bad Russian intel influenced Comey's announcement on Clinton email investigation





1 hour ago
Ex-US attorney interviewed to replace Comey at FBI: report





1 hour ago
Thank you for the warm welcome to Brussels, Belgium this afternoon!








Tillerson gets a new #2: Senate votes 94-6 to confirm attorney John Sullivan as Deputy Secretary of State.






This is wild. Even after the FBI determined it was unreliable—they continued to use it as justification for how they were handling the case.















EXCLUSIVE: U.S. Senate's McConnell sees a tough path for passing healthcare bill.






Calling Manchester bombing "horrible" & "unthinkable," Pres Trump says US and allies will win against terrorism. "We will win this fight."




Pres Trump also wants nations to join fight against ISIS as well as meet 2%GDP burden-sharing obligation for defense spending.





Sec of State Tillerson aboard Air Force One, flying Rome to Brussels, says Trump hasn't made a final decision on Paris climate agreement.



No Trump decision yet on Afghanistan troop increase, Tillerson says. Decision probably "a couple of weeks" away, he said per .




Tillerson also said US wants NATO to formally join ISIS coalition; Manchester attack will only strengthen allies' resolve




“I don’t think you can expect to se any trade agreements," Tillerson on AF1 re: NATO. But "frank discussion" on why trade imbalances exist.




Russia likely won't be allowed to rejoin G7 til "address the situation in Ukraine," Tillerson on AF1, per .





Joe Lieberman no longer being considered for FBI director. President's team has hit the restart button on the search for a new FBI Director








Philippines....




Christians captured, buildings seized and torched, prisoners freed at Marawi City in the Philippines.



Releases Pictures Showing Its Fighters In City.








- Situation this afternoon as seen in pictures released by .








EXCLUSIVE: Maute Group slaughtered 9 civilians after they were flagged down at a checkpoint manned by terrorists in Marawi |







Replying to 
Churchgoers 'taken hostage' amid Marawi siege, a day after Philippine President Duterte declared martial law





- President says he might declare martial law throughout the country if terrorism reaches Luzon.






Brazil...




BREAKING: Brazil's agriculture ministry evacuated after protesters break in





This is getting some further airing and more reaction in the now





Brazil situation sliding from bad to worse..






Whoa...







Indonesia Attack...





Two explosions hit public-transport terminal in Indonesia's capital. Police say cause is unclear






Replying to 
UPDATE: Two confirmed dead in Jakarta after double explosions hit public-transport terminal






UK ....Manchester Attack Featured




BRITISH POLICE SAY 5TH SUSPECT ARRESTED IN CONNECTION WITH BOMBING WAS CARRYING A PACKAGE, WHICH IS NOW BEING ASSESSED: RTRS





Libyan security force: Brother of alleged Manchester bomber "was aware of all the details" of attack plans. (AP)





MORE: Brother of Manchester attacker arrested in Tripoli was planning 'terrorist act' in Libyan capital - counter-terrorism police





Special Deterrence Force / Rada arrests Hashim Abedi, born in Manchester 04/08/1997, brother of Salam Abedi the attacker of Manchester.






Replying to 
Hashim Abedi "knew about the attack of his brother" and "was with him in UK for the preparation". Hashim Abedi left UK on 16 April 2017.




Replying to 
Rada Force arrested him yesterday while he was receiving 4,500 LYD from Salam Abedi. Both brothers belong to Islamic State, acc.to S. Abedi.





BREAKING: suicide bomber's father Ramadan al-Obaidi, aka Abu Ismail, arrested in Tripoli by Rada'a Force (Kara)






Further info on Manchester...







Replying to 
Father to : alleged Manchester bomber in Libya a 1.5 months ago preparing to visit Saudi Arabia. Says UK police have arrested another son





Replying to 
Father of alleged Manchester bomber tells the from Tripoli: "We don't believe in killing innocents. This is not us"






: Manchester Police investigating a "network" in concert attack







Police are hunting a possible bomb maker following the Manchester suicide attack







Replying to 
Latest police operation in central Manchester





Manchester police say they have made three more arrests over concert bombing






Odds & Ends....





Libya....





Confirmed: 12th Brigade and the 116th Brigade have taken over airbase after withdrawal of 3rd Force.








In south Libya, LNA units - 116, 12 - took control of Tamanhint airbase as the Third Force coalition withdrew towards al Jufrah & Sabha.






3rd Force have handed ElSharara oil field to Ali Kana, a military personnel from who claims to be a neutral in the -n conflict






Pres. Council member Ahmed Hamza meets w/ the Turkish Ambassador, discuss ongoing work at 5 power stations in Ubari







UN urges more access to humanitarian assisstance in Southern








Iraq.....





map update. Green= completely liberated. Orange= frontline clashes. White= control.







old city map update.







Bitcoin....





Bitcoin now has hit 2,600......









Beat goes on , bitcoin crosses 2,500.....





Premium rate on South Korean Bitcoin Exchanges nearly reached 30% on May 23rd !