Tuesday, August 1, 2017

Economic News , Data & Views.....August 1 , 2017.....Quick Hits For Tuesday -1) Markets : Asia - Economic Calendar For Wednesday , Market Moving Data & News , North Korea Updates ; US - Stocks Indexes Have Rally Caps On Today , Oil Drops To A 48 Handle Then Recovers A Bit , Oil Data , Some Quarterly Earning To Consider ( Apple / Herbalife / DaVita ) , Tesla News Of Note ; Europe - Banner Day For Stock Indexes With Gains Across The Board & Bond Yields Sharply Lower , Data From ECB And EZ To Consider 2) US Politics : Russia Watch ; Swampland ; Foreign Policy ; Additional Items Of Note. 3) MENA Odds & Ends From Iraq , Syria & Libya , Iran , Gulf Rift. 4) North Korea - Current State Of Play



Markets....


Asia....



More bad news for the BOJ? Japan inflation seen peaking soon


Japan July monetary base +15.6% y/y (June was +17% y/y)


Korea press: US may send 2 aircraft carriers to South Korea for drills



NZ Employment Change (Q/Q) Q2: -0.2% (Est 0.7% Prev 1.2% NZ Employment Change (Y/Y) Q2: 3.1% (Est 4.1% Prev 5.7%)




NZ Unemployment Rate Q2: 4.8% (Est 4.8% Prev 4.9%)




Economic data due from Asia today


US.........




More than 6,300 stores are shutting down in the retail apocalypse— here's the full list





Elon Musk says he may have depression, like millions of overworked Americans in their 40s and 50s







OIL - private inventory data shows surprise build in US crude inventory


Crude Build +1.779MM, vs draw -10.2MM last Cushing +2.562MM Gasoline -4.827MM Distillate -1.225MM





Apple Q3 17: EPS $1.67 Rev: $45.41B (Est EPS $1.57 Rev $44.89B)




Herbalife Q2 17 Earnings Results: -Adj EPS: $1.51 (Estimate $1.12) -Revenue: $1.15B (Estimate $1.16B)




DaVita Q2 17 Earnings Results: -Adj EPS: $0.92 (Estimate $0.90) -Revenue: $3.88B (Estimate $3.82B)





ForexLive Americas FX news wrap: European bond yields drop



The bad news: We're not at Dow 22K yet The good news: Lots of green and a fifth straight record close for the Dow




TESLA'S LONG-TIME BATTERY TECHNOLOGY DIRECTOR KELTY DEPARTS





Europe....





UBS raises Eurozone GDP growth forecast to 2.0% from 1.7% for 2017, to 1.6% (1.4%) for 2018. Biggest upgrade for Germany, smallest for Italy







European stocks end with gains across the board



balance sheet hit fresh record at €4,248.3bn, equates to almost 40% of EZ GDP as Draghi keeps buying bonds.






Goldilocks narrative continues as EZ GDP grew by 0.6% QoQ, 2.1% YoY, strongest growth since 2011 while inflation subdued. But growth uneven!





US Politics....




All Things Russia , All The Time.....





No way the Trump Campaign had the ability or discretion to do anything sophisticated. And they would have leaked.






1 hour ago
GOP lawmaker calls on Mueller to resign, accuses him of violating law:







1 hour ago
Progressive think tank to release report accusing Trump campaign of colluding with Russia





Swampland....




Insurers pushing to raise ObamaCare premiums by over 30 percent: report







1 hour ago
Scoop: Spicer will remain as de-facto comms director, but only until late Aug, as he planned before Mooch forced out



Interesting read...





The has confirmed as the next director.





Foundation for Accountability and Civic Trust files ethics complaint against Wasserman Schultz over IT case w/Office of Congressional Ethics




Sanders says Don Jr statement on Russia meeting, reportedly dictated by Trump, was "true" and there was "no inaccuracy in the statement."




Debt-ceiling talks between White House, Senate break up with no progress




GOP senator: "We can't move on from healthcare because ObamaCare is a mess"






Foreign Policy...



Again-fwiw. But will be important if accurate. Rumors of US withdrawal from Al Tanf have circulated for awhile.






Fwiw , but important if accurate.







Tillerson doesn't sound like a person who intends to resign-not w/Kelly at WH CoS & coupled with recent changes.




Replying to 
Tillerson says he told Lavrov: "The situation's bad, but believe me, it can get worse." Says it just did with Russian response to sanctions.




Replying to 
Moving on to Russia, Tillerson says U.S.–Russia relationship "continues to be under considerable stress" and "could get worse."





TILLERSON SAYS U.S. AT PIVOT POINT IN RELATIONSHIP WITH , LOOKING AT HOW TO DEFINE RELATIONSHIP IN FUTURE: RTRS




TILLERSON SAYS U.S. DOES NOT BLAME FOR SITUATION IN , BUT WANTS IT TO USE ECONOMIC INFLUENCE ON PYONGYANG: RTRS




TILLERSON SAYS U.S. DOES NOT SEEK REGIME CHANGE IN , "WE ARE NOT YOUR ENEMY": RTRS



U.S. SECRETARY OF STATE TILLERSON SAYS U.S. IS SEEKING TO APPLY "PEACEFUL PRESSURE" ON , SAYS OPTIONS ARE LIMITED: RTRS




Tillerson says that Iran nuclear deal is not the only element to determine how US views Iran - says reviewing 'utility of agreement'





MENA Odds & Ends...





Replying to 
Meanwhile another 500 smuggled (and 8 corpses) reported taken from the waters off of to / EU








Migration/refugee update on MSF...






Iraq....






Replying to 
11 villages were searched and cleared today, Dozens of IEDs were defused. This is a step to clear the military supply route to Tal Afar ops.






One of the schools in west .








IMPORTANT Rapid Response Division have been separated from Federal Police units and will take all its orders from minister of interior







Federal Police Units have cleared 40% of Old city from IEDS and other explosives. Dozens of weapons were seized.






Syria...




Turkey, US Trade Accusations on Supporting Terrorists in Syria




Residents want hardliners to either disband or hit the road. Protests hit day two.









Government Forces Fully Encircled ISIS Terrorists In Sabkah Area (Map) via



Military Situation In Central Syria On August 1, 2017 (Map Update) via


Iran....





Bc Russia/Iran/North Korea sanctions bill was sent to WH on Friday, POTUS must take action by Aug 9th or bill automatically becomes law






Iran Lodges Complaint at UN Security Council against US






Iran says US sanctions breach nuclear deal between Iran and P5+1.






Gulf Rift....





1 hour ago
deputes 2 envoys to solve Gulf crisis






1 hour ago
US: spreads terrorist ideology, tolerant of its funding











’s King reiterates firm support of ’s anti-terror efforts












Qatar Files Complaint at WTO against Saudi-Led Boycott





Qatar played major role in peace talks, says Afghan Taliban






North Korea.....




Imagine that ?










Seems consistent with information from the past day..






Replying to 
SLBM ejections are the first stage of any launch; occuring before the activation of the rocket boosters. (1/2)








Further follow up..







Further follow up on the unusual sub activity..









Let's see if NK wants to move away from its total war footing to something different....





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