Good morning from Berlin! Asian stocks mixed ahead of Yellen. Dollar weaker on Trump Jr. Emails. #Oil extends gains on US stockpiles data.
Economic data due from Asia today (start your engines)
SI Retail Sales SA (M/M) May: -1.00% (Est 0.40%, Rev Prev 1.70%) SI Retail Sales (Y/Y) May: 0.90% (Est 2.20%, Rev Prev 2.70%)
PBOC sets USD/CNY central rate at 6.7868 (vs. yesterday at 6.7983)
JN PPI (Y/Y) Jun: 2.10% (Est 2.0%, Prev 2.10%) JN PPI (M/M) Jun: 0.00% (Est 0.00%, Prev 0.00%)
Nasdaq rises, but S&P and Dow end little changed
Crude -8133, Gasoline -801 Cushing -2028 Distillate +2079
OIL - private inventory data shows US crude stocks larger than expected draw
Digital Currency Items Of Note...
Litecoin Fares Better Than Most in Crypto Downturn https://www.cryptocoinsnews.com/litecoin-fares-better-crypto-downturn/ …
Ethereum Prices Trade at Support Levels after Tricky Waters https://www.cryptocoinsnews.com/ethereum-prices-trade-to-support-levels-as-they-climb-the-wall-of-worry/ …
Bitcoin Manages to Evade the Crypto Market Crash https://www.cryptocoinsnews.com/bitcoin-manages-to-outperform-the-crypto-market-crash/ …
Crypto Calamity: Ethereum, Bitcoin Prices Sink as Market Plunges Below $80 Billion https://www.cryptocoinsnews.com/crypto-calamity-ethereum-bitcoin-prices-sink-market-plunges-80-billion/ …
Don "Fredo" Trump Jr ....
He doesn't yet get that anything he says , can and will be used against him. Not sure why his attorneys are letting him talk so much.
CNN legal analyst: "Absurd" to say Trump Jr.'s Russian lawyer meeting could be treason http://hill.cm/yOS2yY0
The latest Russia revelations lay the groundwork for a conspiracy case
Five questions raised by the Trump Jr. emails http://hill.cm/2FcMkEx
Nigerian scammers going to light up Don Jr's email...
Fwiw...hard to believe what anyone says about anything presently. ..
Committees fight over who will question Trump Jr. first http://hill.cm/o2l59Y6
I think Jon Turley is right. Don "Fredo Corleone" Trump Jr , way over his head during campaign and a rank amateur.
Pretty even handed treatment of Don Trump Jr.'s debacle. To paraphrase Preet-might not be illegal-but dumb as hell.
Pence statement on Trump Jr meeting: I wasn’t even part of the campaign then
TRUMP JR. WILL TESTIFY BEFORE SENATE INTELLIGENCE CMTE: CORNYN
SENATE INTELLIGENCE COMMITTEE PLANS TO SEEK DONALD TRUMP JR'S TESTIMONY, IS REQUESTING DOCUMENTS FROM HIM -SENATE SOURCE: RTRS
Don Jr apparently not the sharpest knife in the drawer..
ObamaCare repeal is close. Why aren’t conservative groups more galvanized?
Senate GOP outlines revised ObamaCare replacement bill http://hill.cm/cZlWlFw
Cruz healthcare amendment could raise premiums for 1.5 million people with preexisting conditions: study http://hill.cm/CfqbVto
*MCCONNELL SAYS WILL RELEASE REVISED HEALTH CARE BILL THURSDAY MORNING: BBG
What’s next if the Senate health bill fails
Rick Perry to visit Mexico for energy partnership after Trump insisted on border wall at last meeting http://hill.cm/GOsahpf
JUST IN: House bill allocates $1.6 billion for Trump’s Mexico border wall http://hill.cm/Cd5MO7r
A border wall government shutdown? http://hotair.com/archives/2017/07/11/border-wall-government-shutdown/ …
More US Politics....
US commander strongly refutes reports of war crimes in Mosul fight http://hill.cm/3S1PQ6w
FBI: Person of interest taken into custody after Oklahoma Air Force bombing http://hill.cm/UiOVMB0
Top US commander: "I don't have a clue" if ISIS leader is alive or dead http://hill.cm/8Lsc882
Six airlines make progress in lifting flight laptop ban http://hill.cm/8slWZz9
ICYMI: Chuka Umunna and Anna Soubry to lead cross-party group opposing ‘hard Brexit’ http://bit.ly/2u8DIUn
Boris Johnson: Britain has 'no plan' for leaving EU without a trade deal http://bit.ly/2sZS8pE
Aldi Creates 4,000 New Jobs #DespiteBrexit https://order-order.com/2017/07/11/aldi-creates-4000-new-jobs-despitebrexit/ …
A look back at Britain's first referendum in 1975 and its differences with 2016. Includes Neil Hamilton in a duel.
"If Brexit doesn’t happen, then Britain isn’t a democracy." I suspect "for a generation" is underplaying it... https://blogs.spectator.co.uk/2017/07/if-brexit-doesnt-happen-then-britain-isnt-a-democracy/ …
This is a really important detail. Brexit will mean that the EU nations will need to adapt/expand their customs systems to recieve UK goods
UK PM Spokeswoman: Prepared For All Eventualities On Brexit Negotiations; Including No Brexit Deal - RTRS
Bahrain, Saudi Arabia, the United Arab Emirates and Egypt issued the following statement: "The four countries value the efforts made by the United States to counter terrorism and to dry up sources of terror finance as well as the full-fledged robust partnership embodied in the Islamic-US Summit, which formed an international decisive position against extremism and terrorism, regardless of their sources and origin.
While the four countries believe that the Memorandum of Understanding between the US and the Qatari authorities a result of repeated pressures and demands over the past years to Qatar to stop supporting terrorism, they affirm that such a step is not sufficient and they will closely monitor the seriousness of Qatar in combating all forms of funding, supporting and fostering terrorism.
The Quartet affirms that the measures they have taken were motivated by the continuous and diversified activities of the Qatari authorities in supporting and funding terrorism, hosting terrorists, promoting hateful and extremist rhetoric and interfering in the internal affairs of other states. Qatar should completely and absolutely stop such activities and implement the fair and legitimate demands, in addition to any demands that the four countries may later announce, after the world knows about the insincerity of the Qatari authorities.
The Qatari authorities have negated all their agreements and commitments, including the Riyadh Agreement in 2013, which triggered the withdrawal of ambassadors from Doha. The ambassadors were reinstated only after Qatar signed the supplementary agreement in 2014. However, Doha has continued to meddle in the internal affairs of states and has incited, hosted and colluded with terrorists, funded terror operations and spread messages of hatred and extremism.
Consequently, the four countries cannot trust any commitments made by the Qatari authorities because of their existing policies without the establishment of strict controls to verify they are serious about returning to the normal and rightful course.
The four countries also affirm that the measures will remain in place until the Qatari authorities commit themselves to fully implement these fair demands, which seek to counter terrorism and achieve stability and security in the region.''
Saudi Arabia, the UAE, Egypt and Bahrain said the agreement between Qatar and the US was "insufficient" http://aje.io/l5eg
The full Joint Statement issued by the four countries http://ara.tv/638q9
Amid Absence of Solution, Qatar Crisis Proves Costly for Both Sides
Egypt wants Qatar out of anti-ISIL coalition http://aje.io/6tze
Tillerson statement regarding memo of understanding with Qatar.
LATEST — US, Qatar sign agreement on fighting terrorism: Qatari minister
Quartet to meet SoS Tillerson in Jeddah , Saudia Arabia Wednesday. Should be an interesting meeting.
Odds & Ends...
Which Air Force ?
Libyan political delegation in Brussels for talks with European parliament -
"We are going to control the western region and its ports in order to end the smuggling of people and end the illegal immigration dilemma.”
Iraq / Syria....
2) As of yet, *NO official statement* from #ISIS & heavy skepticism from its online community (tho unlikely to believe media regardless)
3) As one pro-#ISIS channel stated, such reports are meant “to demoralize the Muslims mentality in order for any coming battles [sic]”
Excellent map and "relatively" current - from 6/29/17.
SAA are in full control of al-Hayl gas field and the hills overlooking it. Clashes ongoing in outskirts as IS trying to re-enter gas field
Biggest takeaway is cost of war on Syria 226 BN , to date.
Nothing on official ISIS channels regarding alleged death of Baghdadi. Neither US nor Iraq able to verify claim.