Economic Calendar For Wednesday....
Australian GDP SA (Q/Q) Q2: 0.80% (est 0.90% ; prev 0.30%) Australian GDP (Y/Y) Q2: 1.80% (est 1.90% ; prev 1.70%)
PBoC Open Market Ops: -PBoC To Inject CNY 20 Bln Via 7 Day Reverse Repos -PBoC To Inject CNY 20 Bln Via 28 Day Reverse Repos
PBoC Fixes USDCNY Reference Rate At 6.5311 (prev fix 6.5370 prev close 6.5350)
BoJ Offers To Buy JPY 435 Bln Worth Of JGBs: - JPY 410 Bln 5 - 10 Year - JPY 25 Bln Of Inflation Linked Bonds
Japanese Real Cash Earnings (Y/Y) Jul: -0.80% (est 0.00% ; revprev -0.10% ; prev -0.80%)
Japanese Labor Cash Earnings (Y/Y) Jul: -0.30% (est 0.50% ; revprev 0.40% ; prev -0.40%)
North Korea nuclear test side landslides after massive explosion.....
Split between Moon and the politicians vs South Korea's military...
9 Sept is a big day in North Korea, basically their independence day
U.S. dismisses immediate talks with N. Korea
Norway seismologists: North Korea H-bomb test had explosive yield of 120 kilotons. Hiroshima was 15 kilotons. North Korea statement below:
NORTH KOREA DENOUNCES U.S. FOR TRYING FOR MORE SANCTIONS: KCNA
"We will respond to the heinous sanctions and pressure of the U.S. with our own mode of counteroffensive."
I am allowing Japan & South Korea to buy a substantially increased amount of highly sophisticated military equipment from the United States.
'We're out of time' on preventing a nuclear North Korea as rogue state claims H-bomb test http://www.cbc.ca/1.4274518
DOW JONES UNOFFICIALLY CLOSES DOWN 231.49 POINTS, OR 1.05 PERCENT, AT 21,756.07
S&P 500 UNOFFICIALLY CLOSES DOWN 18.51 POINTS, OR 0.75 PERCENT, AT 2,458.04
NASDAQ UNOFFICIALLY CLOSES DOWN 58.98 POINTS, OR 0.92 PERCENT, AT 6,376.35
U.S. TREASURY YIELDS RECORD BIGGEST ONE-DAY DROP SINCE MAY AS NORTH KOREA, STORM WORRIES FEED SAFE-HAVEN DEMAND FOR BONDS
U.S. CRUDE OIL FUTURES SETTLE AT $48.66/BBL, UP $1.37, 2.90 PCT
Fed's Kashkari: Premature Rate Hikes Are ‘Not Free’ In Terms Of Inflation, Job Growth
Fed's Kashkari: Fed May Be Allowing Infl. Expectations To Slip
Fed's Kashkari: May Be A Lot More Slack In US Labour Mkt Than Fed Appreciates
Hurricane Irma & Soon To Be Hurricane Jean.......
Tropical Depression 13 has formed in the SW Gulf of Mexico. People in the state of Veracruz should monitor closely http://hurricanes.gov
Lots of activity presently to watch...
HOUSE TO VOTE ON HARVEY AID BILL ON WEDNESDAY; SENATE GOP LEADERS TO ADD DEBT LIMIT INCREASE TO HARVEY AID BILL: DJN
Definitely agree w/ McCarthy , not a time to politicize funds badly needed for those dealing with effects of Harvey.
Miami to issue evacuation order later this week ahead of Irma....
I can't recall having heard of this occurring before.
*HURRICANE IRMA'S INSURED DAMAGE COULD EQUAL KATRINA'S: BARCLAYS
JUST IN: Tropical Storm Jose forms in the open Atlantic
JUST IN: Tropical Storm Jose forecasted to become a hurricane by Thursday
US Politics - Non Storm Related News....
Former Sheriff David Clarke joins pro-Trump PAC http://hill.cm/UItXMu3
Trump's Justice Dept won't defend Obama-era rule on overtime benefits for workers http://hill.cm/Iev29cQ
READ: Trump's full statement on ending DACA program http://hill.cm/fhoYRFf
Apple, Google, Facebook among business giants ripping Trump for DACA decision http://hill.cm/qtb56cw
Hospital where cop dragged screaming nurse bars officers from talking to nurses http://hill.cm/mw9AHH8
TRUMP SAYS U.S. NEEDS TO BRING BACK TRILLIONS OF DOLLARS FROM OVERSEAS, AND HE ESTIMATES THIS IS $4 TRILLION
*MEXICO'S GUAJARDO SAYS #NAFTA NEGOTIATORS ARE ARRIVING AT CONSOLIDATED TEXT: BBG
MEXICAN ECONOMY MINISter SAYS WE ARE LOOKING FORWARD TO A VERY PRODUCTIVE NEGOTIATING PROCESS AND ACCOMODATING OTHER NATIONS IN THIS PROCESS
GOP US Sen Jeff Flake of Arizona says Congress "must act immediately to pass permanent, stand-alone legislation" to let Dreamers stay here.
HEAD OF U.S. HISPANIC CHAMBER OF COMMERCE QUITS TRUMP PANEL: BBG
NEW: Letter Attorney General Sessions sent to DHS ending DACA saying it is unconditional.
Labour ordered by Corbyn to vote against major Brexit Bill...
Brexit Bill Item...
The Guardian front page, Wednesday 06.09.17 | Revealed: Tories’ Brexit plan to deter EU migrants from Britain
Brexit Sec asked by @vickyford re frictionless NI border, refs visit to US-Canada border. Irish leader visited same too: "its a hard border"
Juncker's right hand man says Brexit voters are 'stupid'. Are you tried of this public condescension? I'm on @LBC in 15 minutes.
"Nobody pretended this would be simple or easy," Brexit Secretary David Davis just told the House of Commons. *cough*
UK Brexit Sec. Davis: Concrete Progress Made In Brexit Negotiations -Made Significant Steps Forwards On Citizens’ Rights
UK Brexit Sec. Davis: Clear That Both Sides Have ‘Very Different Legal Stances’ On Brexit Bill
David Davis: discussions this week has demonstrated that UK's approach is substantially more flexible and pragmatic than the EU's #Brexit
Odds & Ends....
Venezuela item de jour...
Syria Map [05/09/2017] - Syrian Gov controls 50%~ of Syrian land & over 75%~ of population
Informative thread concerning Deir Ezzor and an anticipated desperation type counter that may come from ISIS.
First SAA tanks just entered #DeirEzzor 137 Brigade Base.Siege lifted
Tripoli cultural centre closed in book row - https://www.libyaherald.com/2017/09/05/tripoli-cultural-centre-closed-in-book-row/ …
Libyan Oil Source: Libya's Sharara Oil Field Reopens After 2-Week Pipeline Blockade - RTRS #OOTT
Kuwait denies PC statement that its embassy in Tripoli will reopen - https://www.libyaherald.com/2017/09/05/kuwait-denies-pc-statement-that-its-embassy-in-tripoli-will-reopen/ …
"They (Iran) are threatening the entire world, because the entire world thinks the JCPOA is untouchable": US AMB TO UN Nikki Haley
Haley "They (Iran) wiil do exactly what they did when I went to the IAEA to have conversations: they will threaten to pull out of the JCPOA"
"So we're gonna ignore all of the these things that Iran is doing throughout the Middle East, in the name of protecting a flawed deal??" #PT
No one is standing up against Iran's "other" behavior, @nikkyhaley says, "out of fear that Iran will pull out of the JCPOA",,,
Iran says hajj success opens way for talks with Saudi http://f24.my/1iu8.t
I remember that old critique of JCPOA: not big enough; focuses *only* on the arms control issue and not on Iran's behavior writ large.