PBOC sets USD/CNY reference rate for today at 6.7529 (vs. yesterday at 6.7485)
All 4 Australian banks CPI preview - check it out!
June 27th is date of Armistice ending Korean War , so this Thursday could see an important test.
U.S. House Of Representatives votes for new sanctions on Russia, Iran, North Korea
Japan June PPI Services 0.8pct y/y (est 0.8pct prev rev 0.8pct)
NZ June Trade Balance NZD242M (est NZD150M prev rev NZD74M)
Economic data due from Asia today - and the RBA Governor speaks
ForexLive Americas FX news wrap: US dollar gets a lift from Washington
Stocks have shrugged off all kinds of political uncertainty this year, but the dollar is a totally different story http://on.mktw.net/2tHL4hy
so RU gets Venezuela an Citco when they are force to default.>>US Treasury preps Venezuelan oil export sanctions https://www.platts.com/latest-news/oil/washington/us-treasury-preps-venezuelan-oil-export-sanctions-26778778 …
OIL - private inventory data shows larger than expected draw in US crude inventory
Crude: -10.23MM Gasoline: +1.903MM Distillate: -0.111MM Cushing: -2.568MM
S&P 500, Nasdaq notch records, but historic 3M's stock collapse caps Dow's rally http://on.mktw.net/2eLiIwv
Cohn and Yellen are candidates to lead Fed, Trump says
WTI Futures Settle At $47.89/Bbl, Up $1.55 #OOTT
Former Labour frontbencher savages 'depressing' Barry Gardiner as party's Brexit splits grow http://bit.ly/2uTO2j5
EU preparing for 'substantial relocation' of finance firms from London, says IMF - http://bit.ly/2gZH1HL
Jeremy Corbyn faces growing trade union backlash over Brexit stance http://bit.ly/2gZm0g8
Donald Trump says he is working on a 'big and exciting' trade deal with the UK http://bit.ly/2eKpFxQ
Bavaria ramps up security measures against terrorist threats. But some lawmakers say these new measures go too far http://p.dw.com/p/2h7aK
German PEN President Regula Venske: "Turkey is the world's biggest jail for journalists" http://p.dw.com/p/2h6V7
Daimler could dodge billions in fines for being the first to reveal cartel: report http://dlvr.it/PYNPh9
Fires destroy 1,400 hectares of forest in southern France http://dlvr.it/PYTGq7
France asks for Europe's help in fighting raging forest fires in the southeast, near popular resort Saint-Tropez http://u.afp.com/4BQx
Two rival Libyan leaders commit themselves to cease-fire after meetings with French Pres. Macron: http://cbsn.ws/2uVd3KN
Macron faces an uphill battle against France's labor law https://bloom.bg/2utUsnO
US Treasury preps Venezuelan oil export sanctions: source - Oil | Platts News Article & Story https://www.platts.com/latest-news/oil/washington/us-treasury-preps-venezuelan-oil-export-sanctions-26778778 …
The Senate is now voting. (on the motion to Waive the Budget Act re: BCRA 3.0 amendment) 60 votes needed
For clarity, b/c of no CBO score, this amendment (BCRA + Medicaid funds + Cruz amendment) needs Budget Act req waived. This vote will fail.
To reiterate, that needed 60 votes. It was expected to fail. But served as a test vote of sorts for BCRA + Cruz + 100bn in new Medicaid $
The vote fails 43-57
And with that, the U.S. Senate is adjourned until tomorrow (and the debate clock stops til then.)
Senate now on House health care bill. Amdts coming. Debate (DEBATE, not voting) limited to 20 hrs. Pass or fail by wk's end
Expect the Senate to have a “vote-a-rama” on health care bill. Expect final vote on health care win/lose later this week
Debate time is limited under budget reconciliation to just 20 hours. Amendments are curbed, too. They must be “fiscal” in nature
MCCAIN: I WON'T VOTE FOR HEALTH BILL AS IT STANDS TODAY
Senate wil consider health care the bill under special rules called “budget reconciliation” which shuts off conventional filibuster rules.
US Pres. Trump: Yellen ‘Absolutely’ In Running To Stay As Fed Chair, Sees Gary Cohn As Top Contender – CNBC Citing DJ
Glenn Simpson is now cooperating w/Senate Judiciary Cmte over Trump dossier. Had been subpoenaed. Will now appear at transcribed i-view
BREAKING: Glenn Simpson of Fusion GPS has agreed to give an interview to the committee, following subpoena from Senate Judiciary
Sen Judiciary Com / Manafort & counsel unable to reach deal on voluntary transcribed interview - thus the subpoena.
Shiff has nothing negative to say about Kushner , noting very productive session and that witness was cooperative .
Seems as though Jared Kushner has made it clear he has nothing to hide or fear.
Define " a little time off " ?
TRUMP WON'T SAY IF HE WILL FIRE ATTORNEY GENERAL SESSIONS -- WSJ INTERVIEW
Seems inevitable that it will play out this way..
Not a good sign...
Schumer: It’s clear President Trump is trying to bully his own Attorney General out of office
Schumer says Dems will block any effort by Trump to possibly fire Mueller & install a “recess” appointment
Schumer puts McConnell/Ryan on notice if Trump fires Mueller: I can’t believe they would be complicit in creating a constitutional crisis
Trump On Nafta Says "It May Be Salvageable…I Have An Obligation To Give It A Shot”- WSJ
Trump: "Waiting Till We Get Everything Finished Up...Health Care And Taxes...Maybe Even Infrastructure” For Decision On Steel Trade Pol- WSJ
Trump Says “We’re Going To Be Addressing The Steel Dumping,” Which He Called “A Very Unfair Situation” - WSJ
US Sen Corker: N. Korea Language Addition Might Delay Sanctions Bill
JUST IN: Comms. Director Scaramucci says has authority from Pres. Trump to "fire everybody" in comms. dept. to stop leaking, if necessary.
Senior Assistant White House Press Sec. Michael Short says he has resigned - @albamonica
Odds & Ends....
Venezuelan business group urges government to abort congress vote
Southeast ceasefire is holding. Displaced residents returning.
Note , on this axis , just 70 km to Deir Ezzor City.
Ammo seized by Syrian security forces before it made to jihadists in desperate need of it in West Qalamoun
KSA Palace intrigue...
Venezuela's opposition urges boycott of vote that it dismisses as a ploy by President Maduro to cling to power http://aje.io/vw3hp
When toilet paper becomes the coin of the Realm.....