Thursday, August 24, 2017

Economic News , Data & News.....August 24 , 2017.... Quick Hits For Thursday Afternoon -1) Markets : Asia - Economic Calendar , Market Moving News & Data ; US - Sluggish Day As Hurricane Harvey & Friday Big Jackson Hole Speeches Loom ; Additional Items Of Note. 2) US Politics - Swampland Games Including Budget Monopoly / Build The Wall Bingo / Gov't Shutdown Twister ; Foreign Policy Items For Today ; Additional Items To Consider. 3) Odds & Ends : Iraq In Focus - Tal Afar Campaign Proceeding Quite Well ; Syria Battlefront Updates ; Gulf Rift Developments - Qatar Seems To Be Hanging In There , All Things Considered !


Markets....


Asia....



What's on tap....





Japan July Producer Prices Services Sector 0.6pct y/y (est 0.8pct, prev rev 0.7pct)




1 hour ago
Tokyo Aug CPI 0.5pct y/y (est 0.3pct, prev 0.1pct) Tokyo Aug CPI Ex Food 0.4pct y/y (est 0.3pct, prev 0.2pct)



1 hour ago

Japan July CPI 0.4pct y/y (est 0.4pct, prev 0.4pct) Japan July CPI Ex Food 0.5pct y/y (est 0.5pct, prev 0.4pct)


Japan Mulls Departure Tax Plan In 2018 Budget Reports NHK



South Korea Aug Consumer Confidence 109.9 (prev 111.2)



US.....



Sluggish summer day...




Up to 35 inches of rain possible over SE through Wed & could cause life-threatening flash flooding




Eye quickly clearing over . Rapid intensification continues.





US wrap...






Former head of and head of Florida emergency management with stern warning about threat.




1 hour ago
Depends on the degree of intensification - but if present forecast is 125 mph , not far away from cat 4 (131 mph.)






1 hour ago
US MARKET WRAP – Hurricane Harvey Wrongfoots Oil Traders As We Await Jackson Hole



GULF OF MEXICO SHUTS IN 9.56% OF OIL PRODUCTION SHUT: BSEE: BBG



FREEPORT HARBOR CHANNEL, TEXAS CLOSED FOR ALL INBOUND TRAFFIC - STATEMENT: RTRS.



*HOUSTON PILOTS SHUT SHIP CHANNEL FOR OUTBOUND SAILINGS: BBG.






Additional Items....









Russian Deputy PM Says He Supports a State-Backed Cryptocurrency





Why am I not surprised ?







US Politics....




Q. Will he sign budget bill w no wall $ : "He won on talking about building the wall and he's going to make sure that it gets done"





WH's Sanders doesn't directly answer question about how threatening a gov't shutdown doesn't concede that Mexico won't pay for wall.





Shrinkage...





79% in Quinnipiac poll think US should "respond with military force" in North Korea launches missiles at Guam. 90% of Reps, 75% of Dems.




Speaker Ryan tells that was an "option we were looking at" but couldn't get it done by VA deadline




USSS source confirmed to that Jared Kushner, Dina Powell & were in Qatar Monday. Met Saudi Crown Prince Tuesday.




Speaker Ryan on : The president and the congress are eye to eye on our agenda, tax reform




WH chief of staff John Kelly is imposing discipline on a chaotic administration





MENA.........



Iraq....





Replying to 
thought is protected by regional balance () and won't be attacked: wrong calculus.







Replying to 
leader in from & most remaining militants are foreign fighters: decision to kill them all






Replying to 
is not : most houses r 1 or 2 floors and streets are not narrow, allowing easy access to forces





Replying to 
First few days and 30% of back to control: crumbling fast and withdrawing to the centre of the city





Syria.....




Rebel-held loses lifeline after regime offensive cuts off flow of smuggled Islamic State oil.





Steady as she goes...








Have seen a few tweets over the past day referencing Syria Opposition seemingly working with ISIS to try to break Hama pocket.






Replying to 
Last Military Situation in West , 5th day Qarna Shubat Hisa, Qub Ismail liberated HD:





Gulf Rift.....






Seems like just yesterday , this was a big story here in the US. Well , Gulf Rift still unresolved. Here are recent developments.







1 hour ago
Siege nations-owned strain to defame Qatar: QMC





Qatar Restores Ambassador to Iran, Ignores Saudi-Led Demands






Gulf Rift leads to Qatar & Iran restoring diplomatic ties.








banks seek Asian, European funding as diplomatic crisis bites