Tuesday, August 29, 2017

Economic News , Data & Views.....August 29 , 2017.....Quick Hits for Tuesday-1) Markets : Asia - Economic Calendar For Wednesday , UNSC Meeting On North Korea , Market Moving News & Data ; US - Stock Indexes Reverse Early Losses due To Harvey Flooding & North Korea Tensions To Finish Greece Today , Gasoline Still Powering Higher While US Crude Drops Again , Additional Items To Consider. 2) Tropical Storm Harvey Updates For Tuesday - Recent Key News For Texas & Louisiana. 3) US Politics - Non Harvey Related News. 4) Europe - Financial News Items To Consider Today. 5) Odds & Ends.



Markets....


Australia in focus later this evening...




US not apparently calling for oil embargo at UNSC , despite earlier reporting.....




TO CONDUCT MISSILE DRILLS WITH PACIFIC AS TARGET: KCNA



BREAKING: North Korean leader says the country should conduct more missile tests into the Pacific Ocean.



SAYS MISSILE DRILL IS "FIRST STEP OF ITS MILITARY OPERATION IN THE PACIFIC AND PRELUDE TO CONTAINING GUAM": KCNA




What's on tap For Asia For Wednesday...



UNSC Meeting has begun



International oil embargo to be sought by US and Japan , after yesterday's ballistic missile launch.




US.....




1 hour ago
The Dow's 200-point swing today is the biggest intraday comeback in nearly 9 months:





Bounce back Tuesday...




U.S. Gasoline Futures Rise To Fresh 2-Yr High Of $1.818 A Gallon After - RTRS



WTI Futures Settle At $46.44/Bbl, Down $0.13



BSEE: 18.26% Of Current Oil Production In US Gulf Of Mexico, Or 319,523 Barrels Of Oil/Day, Has Been Shut In - RTRS




US 10y yields drop after NKorea fires missile. Fall as low as 2.086%, lowest since Nov10, 2days after Trump election







Tropical Storm Harvey

( More more at twitter timeline )





Sun came out today , but Harvey no through with SE Texas and SW Louisiana just yet.....





NEW: Trump vows vigorous response after viewing Harvey's devastation





Astounding rainfall totals for Harvey...








Latest key messages for Tropical Storm at 4 PM CDT:





Confirmed -underground parking system in HOU theater district and near the federal courthouse completely flooded
 





Entrance to underground parking between Fed Courthouse and Hobby Center in Houston Entire system appears flooded





Motiva Port Arthur Texas Refinery - Nation's Largest - Begins Shutdown Due To Harvey -RTRS





As of 4 PM CDT, Galveston's old daily rainfall record of 4.61" from 1953 was broken; today, 8.39" of rain have been recorded




Texas: Workers evacuated from Crosby chemical plant amid risk of explosion





CIVIL EMERGENCY MESSAGES: Mandatory evacuations issued for the following neighborhoods:





1 hour ago
A Storm Surge Warning is now in effect for portions of the LA coast from Holly Beach to Morgan City.






1 hour ago
GOP leaders seek to tie Harvey aid to spending bill, risking confrontation with Trump:






1 hour ago
Flash Flood Warning continues for Jasper TX, Woodville TX, Kirbyville TX until 10:15 PM CDT





1 hour ago
Trump hasn't accepted Mexico's offer to help with hurricane recovery





Harvey damage estimated at $42 bn, among most costly US storms via




Replying to 
Louisiana governor: "We’re still anticipating that the majority of the [] impact is going to be in southwest Louisiana."




Replying to 
Louisiana governor: Pres. Trump and his team, especially FEMA Admin. Long, have been in constant contact on response.




Here we go...






Rain totals for this afternoon and tonight show most of the area expecting less than an additional 6"




National Guard prepares to deploy thousands of troops for Harvey recovery efforts




UPDATE: Houston reservoirs west of the city have flooded over 3,000 homes - Harris County official




Massive flooding is going to be a long running story for neighborhoods close to the Reservoirs.







US Politics - Non Harvey News...



Finnish president disputes Trump's claim that his country purchased new fighter jets




Mueller subpoenas Manafort's spokesman, ex-lawyer in Russia probe





EXCLUSIVE: Gorka says Trump feels "isolated" in the White House after John Kelly took control






1 hour ago
Fox News host apologizes after spreading fake shark story during Harvey





Seb out , Katie still in...




Wow...







Date not disclosed, could be as soon as September.





Europe....




German Election primer...






CenBank bails out Otkritie Bank, country's largest private lender, following deposit outflows of $7.4bn.





Investors see scant chance of rate hike over next year. Money markets see only 60% chance of hike by end 2018.




Euston incident: An electrical item is believed to have caused a small contained explosion. No one has been injured.



Euston station has just been evacuated




German EconMinistry: Germania Legal Challenge Vs State Bridging Loan For Air Berlin Won't Stop Dispersal Of Funds - RTRS



German EconMinistry: Govt Expects EC To Approve Bridging Loan For Air Berlin - RTRS



Latest BVA Poll: French Pres. Macron’s Approval Rating Fell 11 Points To 43% - Tribune




World leaders need to take centre stage and shove central bankers into the wings


Odds & Ends....




EU parliament head says Libya should be paid €6 billion to stop migrants -





Very Important thread on legal implications of and 's GNA using militias to block migrants






Syria...





East Syria . Syrian Army advancing against ISIS on all fronts from Uqayribat pocket to Ar Raqqa & East Homs entering






It's pretty obvious what the Syrian Army trying to do here. ISIS knows, but they can't do anything







Syrian Arab Army captured Al Khuwayliyah and Khan al-Baghala - east of Sukhnah Map:





Syrian Arab Army recaptured all lost areas south of Ghanim al-Ali Map: