Tuesday, August 15, 2017

Economic News , Data & Views....August 15 , 2017....Quick Hits For Tuesday -1) Markets : Asia - Economic Calendar For Wednesday , Market Moving Data And News , North Korea Situation Seems To Be Back Burned For Today ; US - A Day As Dreary As The Weather - Stocks Mixed But Largely Unchanged , Gold Off A Tad , Treasury Yields Higher , US Crude Up A Smidgeon. Blah .2) US Politics : "The Presser" ; Infrastructure Items ; Healthcare Updates ; Swampland News. 3) UK News For Tuesday - Primary focus On UK-EU Talks And Related Issues. 4) Greece Updates For Tuesday. 4) MENA RoundUp - Libya , Syria , Iraq , Iran , Saudi Arabia , Gulf Rift In Focus.6) Odds & Ends !


Markets....



Economic data due from Asia today - a light calendar

China Local Govt Debt in Some Areas Exceeds Warning Level: Daily





1 hour ago
China reclaims its position as the top foreign owner of US Treasuries


US Total Net TIC Flows (USD) Jun: 7.7B (prev R 54.7B) -Net Long-Term TIC Flows (USD) Jun: 34.4B (prev 91.9B)



US.....



Forexlive Americas FX news wrap: Strong retail sales send to dollar higher

OIL - private inventory data shows much larger than expected draw in US crude inventory

US stocks end the session mixed. Little changed.





US Politics....




The Presser......














Transcript of presser....





Replying to 
JUST IN: AFL-CIO officials resign from Presidential Council on Manufacturing.




Replying to 
Richard Trumka: "I cannot sit on a council for a President that tolerates bigotry and domestic terrorism; I resign, effective immediately."






1 hour ago
When you lose panelists appearing on Fox....




Fifth and sixth business leaders quit Trump manufacturing council over Charlottesville response





Forgotten Infrastructure Highlights.....




EXECUTIVE ORDER TO ESTABLISH PROTOCOL OF “ONE FEDERAL DECISION” FOR MAJOR INFRASTRUCTURE PROJECTS - WHITE HOUSE SPOKESPERSON





[RTRS] - TRUMP EXECUTIVE ORDER TO SET A TWO-YEAR GOAL FOR COMPLETION OF THE PERMITTING PROCESS FOR MAJOR INFRASTRUCTURE PROJECTS -WH



Pres. Exec. Order: To establish protocol of one federal decision for major infrastructure projects


Healthcare....




Trump on healthcare: Unfortunately John McCain decided to vote against it at the last minute you'll have to ask John McCain why he did that




Congressional Budget Office: Premiums would jump 20% if Trump payments cut

JOHNSON & JOHNSON CEO ALEX GORSKY TO REMAIN ON TRUMP COUNCIL





GOP senator: I'm meeting weekly with Trump team about new ObamaCare repeal plan






Swampland...



Dem lawmaker arrested at White House for immigration protest







1 hour ago
Elaine Chao on Trump-McConnell feud: "I stand by my man — both of them"





JUST IN: Trump refuses to give Bannon vote of confidence: "We'll see what happens"




Over half of Americans (53%) can't imagine anything Trump can do to change their mind on approving/disapproving of him per new Monmouth poll







CBS News Radio citing sources state Steve Bannon could lose his job this week. Fwiw.





Gorka and her husband, have collaborated on numerous writings about the threat of radical Islam.





UK-Brexit...



Theresa May to focus on defence and trade during Japan visit

Britain seeks Brexit without borders for Northern Ireland


Brexit update (1)




Brexit update (2)




Brexit update (3)





Brexit update (4)






Greece....



Review of decades-old laws to help firms





The defenseless citizen





Out-of-court debt scheme moving slowly




PM aides insist Tsakalotos will remain finance minister





MENA....



. says the Libyan Coast Guard is threatening to open fire on the Spanish NGO boat if it does not comply.








The Golfo Azzurro now appears to be heading away from the Libyan coast.





Turns out Ahrar really was not a major sized force , only 800 core fighters. No wonder Al Qaeda pushed them around.





Going to definitely take a lot of time...




Replying to 
Many cmpnies counts n market 2boost their economy: these will suffer d most f further snctins n




State Dept on Turkey"after coup attempt gov detained over 75,000 officials/suspended 3,600 Diyanet staff for allegedly being linked t Gulen"




: freezes local assets of service staff




BREAKING: Algeria PM sacked after less than three months in office: presidency





. Strike Update: Near , 27 strikes engaged 19 tactical units; and destroyed 59 fighting positions







Tanker Atlas Voyager to be allowed to finish loading oil cargo at Zueitina port after workers were promised demands to be met: BBG






Stung by boycott, some firms asking employees to take unpaid leave





🇸🇾 offensive Strong drive S from Resafa to connect with newly-freed as-Sakhna & cut off to W. Then to advance east.










Syrian Army and allies are advancing towards 2 fronts (Bīr Hasiye and al-Taybah) threatening to encircle IS into 2 pockets in central Syria





Tanks & heavy vehicles belonging to PMU, 9th Division and Federal Police reach outskirts of Tell Afar amid preemptive strikes on IS in city






Saudi Arabia and Iraq to re-open border crossing after 27 years





Iran could quit nuclear deal in 'hours' if new U.S. sanctions imposed: Rouhani





3 0f 4 have been forcibly removed back to KSA and then have not been heard from.






Total deficit in Q-2 2017 was cut to $12.4bn. Public debt rose from $84bn to $91bn - amid continuing decline in oil sale revenue.





Odds & Ends...




Sign of the times..






Certainly could come to pass..







CHINA FOREIGN MINISTER SAYS URGENT TASK IS FOR U.S., N.KOREA TO "PUT BRAKES" ON MUTUALLY IRRITATING WORDS AND ACTIONS: RTRS




Military action conditioned upon SK approval...not likely anything jumps off imminently.










Volatility...






Bitcoin set new record of over $4,480 in overnight trading....pocket rocket bitcoin just moving to the beat of its own drummer....