Friday, July 28, 2017

Economic News , Data & Views.....July 28 , 2017 .....Quick Hits For Friday -1) Markets - US Stock Indexes End Mixed Once Again With Dow Up Moderately , S&P And Nasdaq Off Moderately , US Crude Ends Week Moving Higher Once Again , Gold Bounces Higher , Treasuries Catch a Modest Bid , Additional Items Of Note. 2) US Politics : Reince Priebus Fired As White House Chief Of Staff , DHS Chief Kelly Moves Into That Slot ; US /S.K & Japan Ponder Military Response Options After N.K ICBM Launch Today ; Border Wall - Construction Set To Begin In November ; Aftermath After Collapse Of Senate "Replace & Repeal" And "Skinny Repeal" HC Approaches. 3) North Korea Launches Second ICBM And Suddenly Most OF US Potentially Within Range - Cue Regional ( Japan and South Korea , Not As Much By China And Russia ) & US Consternation. 4) Pakistan Prime Minister Disqualified For Life As Prime Minister For Corruption Linked To Panama Papers. 5) Europe In Focus - UK Politics , Libya - France/Italy Migration & Refugee Schemes and Actions , Greece Items De Jour



Markets....




1 hour ago
Stocks end the day mixed with broad indexes lower but well off lows



Baker Hughes US oil rig count (July 28th) 766 vs. 764 last


European stocks ends the day in the red.


New York Fed GDP Nowcast says Q2 wasn't as strong as it appeared


US Politics....




Swampland News....



Reince Priebus interview after being fired today...








1 hour ago
Priebus privately submitted his resignation on Thursday. Trump made the announcement official on Twitter Friday shortly before 5 p.m.







Looks like the White House Director Of Communications wasn't wrong about Reince being a deadman walking...






Trump unhappy with Priebus for not "returning fire" at Scaramucci after explosive interview: report








1 hour ago
Trump replaces Priebus as chief of staff with Homeland Security chief Kelly







UPDATE: Kelly will remain DHS secretary until July 31, when dep sec Elaine Duke will become acting secretary.








Foreign Policy...




President Trump intends to sign Russia sanctions bill, Press Secretary on Russia Sanctions Legislation says in a statement






U.S. CBP WILL BEGIN CONSTRUCTION ON U.S.-MEXICO BORDER WALL IN NOVEMBER, STARTING IN SANTA ANA NATIONAL WILDLIFE REFUGE: PROPUBLICA.




At some point , something more than "displays of force" are going to be utilized.






Trump drops in a reference to the failed health care vote. He says should let Obamacare implode. Crowd loves that too





hits with more in response to






US Sanctions Russia Retaliates; Ties Hit New Low





Replying to 
RUSSIA TELLS US TO REDUCE ITS DIPLOMATIC STAFF TO THE SAME LEVEL AS RUSSIA'S DIPLOMATIC STAFF IN US BY SEPT 1 - RUSSIA'S FOREIGN MINISTRY






Russia Probes....













Browder confirmed that the Trump Jr. meeting was entirely linked to Veselnitskaya's life mission of repealing the Magnitsky Act. 1





Replying to 
Browder confirmed that Fusion GPS, the now infamous firm behind the 'Trump Dossier', was actually being paid by the Russians. 2







Healthcare....





McCain explains why he voted to kill "skinny" ObamaCare repeal bill






Collins doubles down on call for bipartisan fix to ObamaCare after repeal bill failure






Trump feud with Alaska senator intensifies






Senate GOP HC Bill collapses , not even the skinny repeal bill could be passed.








Trump threatens to let Obamacare implode , but what about the rest of the Trump agenda ?







"Paul Ryan couldn’t persuade him. Neither could Mike Pence. And in the end, President Donald Trump couldn’t reel in John McCain either."








North Korea Launches Second ICBM Today....

( Reverse Chronological  Tweets )




Subject to confirmation , North Korea "may" have launched some type of missile. Fwiw




It is currently 11:47 PM in ; making this one of the LATEST test launches to date.




Japanese government scrambles at midnight to confirm report of North Korea's missile launch





JAPAN PM ABE SAYS TO HOLD MEETING OF NATIONAL SECURITY COUNCIL





South Korea convenes emergency security meeting over North Korea missile launch...




military officials say missile fired from Chagang Province in northern -- an area not used for any known previous launches.





And here we go - Japan says N.K launched another ICBM !








Apart from going full tilt with their missile program , N.K cyber army targeting banks...groovy.








Further prelim indications from this missile flew longer than any previous, reaching 3,000km altitude.






A 45 minute flight time means were looking at 10,000 km range missile, give or take. (1/3)





Certainly Japan considering the same thing...





BIG NEWS ! - US South Korea and also Japan discussing "military response options" , after N.K tests second ICBM.





Keep this statement in mind-as we consider that US , S.K , Japan are presently mulling military response options...




My take: Just Tested a Missile That Could Likely Reach Washington DC With a Nuclear Weapon


Do not be shocked if we see a military response from US , S.K and Japan in the near term , after this test today.






South Korea to show military force with allies in exercise and request UN Security council meeting.




POTUS Trump has been briefed on North Korea's missile test. Experts believe the ICBM could be capable of hitting New York or Washington.




One thing that has me thinking about this ICBM test is just how telegraphed/anticipated it was. See: 1/9


Good thread of thoughts , data and observations...









SK's defense minister will deliver an urgent message at 9AM KST regarding SK's response to the 's test.










Statement from saying US and forces fired missiles into sea off Korean peninsula following ICBM launch.







Interesting....









Like N.K gives a hoot about any of this ?









The Foreign Minister of and have spoken via telephone; agreeing to tackle with 'maximum pressure'.





Replying to 
has also contacted Foreign Minister Kang to discuss the 's recent test.






China condemns North Korea missile launch: foreign ministry





Pakistan....




PM Nawaz Sharif dismissed due to Panama papers .....








Breaking: PM Nawaz Sharif has been disqualified FOR LIFE, according to attorney general.





Replying to 
Panama Papers: A look back at the complex case which took Pakistan's first family into court




Europe....




UK....




1 hour ago
Fresh Labour confusion as John McDonnell and Keir Starmer contradict Jeremy Corbyn on Brexit






1 hour ago
Tory minister says free movement will end on the day Britain quits the EU -





Michel Barnier warns Brexit talks could be delayed over divorce bill row


















Libya & Italy / France Immigration / Migration Plans & Schemes....




Italy says it has only approved what Libya GNA leader requested , contradicts Serraj claim no such request made.







Considering the position of Serraj that he didn't "green light" this with Italy-situation may get interesting fast.






Macron plan a subject of confusion - now it appears hotspots won't actually be located in Libya after all.





File under -"clear as mud" , regarding what has been agreed upon.




Greece....




Greek and Chinese Navy Conduct Joint Training Exercise in Saronic Gulf






Greek Private Sector Bank Deposits Rise by 771 Million in June






EU Offers Greece 209 Million Euros to Help Refugees With Rent, Cash






Ticket Machines Destroyed With Sledgehammers at Athens Rail Station