Friday, June 30, 2017

Economic News , Data & Views.....June 30 , 2017.....Quick Hits For Friday -1) Markets : US : Mixed Market For Stock Indexes Today - Dow Shines Brightest Today , S&P Meekly Green , Nasdaq Modestly Red ; Oil Finishes Last Week Of Month & Q2 Strong And Retraces Some Of Recent Weakness ; Treasuries Continue To Show Weakness Along With Gold ; Oil Items - Rig Count Shows A Decline This Week - First Time In 23 or 24 Weeks ; Updates On Budget Situations In Illinois & Connecticut. 2) US Politics : Healthcare Updates ; Trade Issues Update ; Acting FBI Director McCabe Has Spotlight On Him ; Cyberattack Update In US Update ; Conspiracy Flop Of The Day ; Trump - Moon Meeting Today ; Additional Items. 3) Greece - News De Jour Touching On Greece. 4) France Items Of Note. 5) Qatar- Arab Quartet "Gulf Rift "Updates. 6) Odds & Ends - Syria , Iraq & Libya In Focus !



Markets.....




Stocks....





1 hour ago
STOCKS RISE: Here's what you need to know






1 hour ago
June Gloom: Nasdaq Suffers Biggest Loss Since October As Dollar, Bonds, Economy Plunge








1 hour ago
Forexlive Americas FX news wrap: PCE inflation in-line, Chicago PMI beats


Oil.....





WTI now just shy of the 38.2% retracement of the May/June slump






Baker Hughes US oil rig count 756 vs 758 prior



Illinois & Connecticut....





Currently Dems on board with a four year temporary freeze but have strongly resisted a temporary income tax hike. Who gives in?




Rauner has said if income tax hike permanent, income tax freeze must be permanent. He calls it parity.





Even if Democrats and Republicans work out the ancillary issues surrounding the budget, the main question is tax hike.






Judge orders Illinois to pay more toward Medicaid bills: "Other people who are not as needy" are getting bills paid







1 hour ago
Durkin back in Madigan's office. Says things fluid, tax bill a huge outstanding question





Senate not expected to take up any major action today. Waiting to see what House does tomorrow.





Update from Illinois-House work done for Friday , however meetings will continue. House in session 11am Saturday. 1







State budget passes first House vote, but huge hurdles remain on deadline day



Moody's has "no comment" on the letter.








Here's a letter Madigan sent to bond houses asking to delay cutting credit rating to junk status. Calls it the "governor's budget crisis."





CONNECTICUT GOVERNOR SIGNS EXECUTIVE ORDER TO TAKE CONTROL OF STATE SPENDING AFTER FAILURE TO PASS FY 2018/19 BIENNIAL BUDGET





US Politics....





Republican lawmakers call for cancellation of August recess






More fake news claims batted away - this time by a former Medicare Trustee.





White House: Focused On Getting Best Healthcare Legislation, Rather Than On Timeline - RTRS





Sanders says primary WH focus is on passing pending Senate bill to repeal and replace ObamaCare. Seek repeal only if bill doesnt pass.




White House: Fully Committed To Draft Senate Healthcare Bill, Looking At Every Option For Repealing & Replacing Obamacare - RTRS




Trump hasn't made a final decision on the issue of tariffs on steel imports, Sarah Huckabee Sanders says at press briefing.




McCabe in crosshairs...








Nothing left in the pipeline ? WSJ piece was a epic flop.







"National security leaves no room for either compromise or concession," Moon says. Says North Korea shouldn't underestimate US and S Korea.









Trump and Moon declined to take press questions.









Talk is cheap. Just exactly what does US , Japan , South Korea , China and Russia intend to do ?







Trump says he is sending federal help to quell Chicago violence







Discussions about Turkey's intentions regarding Afrin and Northern Syria perhaps ?








GOP chairman: Trump’s infrastructure plan may slip to next year





Ground work laid for Putin -Trump meeting on sidelines of G-20. Note , POTUS also shall meet with China's Premier.







Puerto Rico OBoard approves bankruptcy filing for electric utility although Congress already approved deal. Legal fight to come





The response from China had to be expected...







Greece.....




Tsipras Promises Hundreds of New Health Clinics as Unionists Protest Cuts (video)




Greek State Gets Very Little From Much-Discussed Lagarde and Borjans Lists





Wildfires Break Out in Attica, Peloponnese in the Midst of Heatwave





Corruption Prosecutor Files New Charges in Connection With Chinook Arms Deal




Greek PM: ‘We Will Not Seek Credit Line Under Supervision After Bailout Program Ends’





GREEK CENTRAL BANK REPORT SAYS GREECE NEEDS TO SPEED UP PRIVATISATIONS, IMPLEMENT GROWTH-FRIENDLY POLICY MIX




GREEK CENTRAL BANK REPORT SAYS DELAYS IN CONCLUSION OF SECOND BAILOUT REVIEW HAVE HIT GROWTH




Bank Of Greece Sees Greek GDP Rising 1.6% In 2017





France....




| MARINE LE PEN CHARGED FOR MISAPPROPRATION OF FUNDS, LAWYER SAYS - BBG




Marine Le Pen charged over EU parliament funding scandal: lawyer




New high-speed train lines from Paris to Bordeaux and Rennes set to open





Simone Veil: French Auschwitz survivor who legalised abortion dies aged 89






Gulf Rift......





How does KSA & UAE Plato liberate Qatar after Sunday July 2nd ? Fireworks before the 4th of July ?





my second-latest: UPDATE 1- invokes @WTO/s "national security" clause in row via


Saudi Arabia, Bahrain and UAE say their decision to cut economic ties with Qatar adhere to GATT XXI national security exemption. Uh oh.





Trump tells fundraiser that Qatar is funding terrorists







crisis Day 25: •No breakthrough in DC talks •More Turkey troops arrive in Doha •Deadline for response Monday •↗️escalation cud follow






BREAKING: bank has stopped dealing





Most exchange houses in the Gulf have stopped accepting Qatari riyals. Foreign exchanges in many countries have also followed suit.








Saudi Arabia and Qatar are still friends when it comes to oil tankers







Tomorrow, Day 1 of British Airways strike, Airways will fly for BA on the following routes: LHR to HAJ, ORY, DUB, HAM, LIS, PRG & VIE






Arab Quartet blockade only draws Qatar closer to Turkey and Iran....







Five armored vehicles , 23 military Turkish soldiers arrived to Doha on 6/18. Turkish soldiers sent to Qatar could eventually reach 1,000.








UN pans Arab Quartet demand to close down Al Jazeera.








Saudi official: military base in ‘complicates’ the situation






Odds & Ends...




Syria....





This seems to be an accurate summary of what is going on regarding Al Tanf...







/n War Report – June 30, 2017: Government Advance Against via






NEW MAP: Strategic victory 4 /n Gov. forces: linked up with at +isolated near supply route.





Islamic State group fully withdraws from Syria's Aleppo province: monitor





ISIS counterattack inside Raqqa District of Al Senaa today. SDF pulls back after fierce attack.







Iraq...




Map update for Old city. Green = completely liberated Red= clashes.






have successfully repelled 3 attacks on the - borderline west , multiple militants were killed.








Libya...












Over 10 hours of power cut in as Western Region plunged into complete blackout. Temperature is at 40 degrees 😩







OK. Some perspective: ’s ’17 budget=$26bn. If Brent=$48 & prod=1mm bpd ⇒ deficit wd still be >$10bn per annum. Breakeven @~1.65mm bpd.







Current policies & not working. Serraj not working! What to change & how to change? Hope new head @GassanSalama succeeds












Western plunged into total blackout on Friday, General Electricity Company reported, adding work is underway 2 restore electric grid.






Libyan NGOs condemn Zawia UN staff kidnapping – call for action against criminal militias -






Libya is a failed state and LPA needs to be adjusted: French Foreign Minister Le Drian -