Tuesday, September 5, 2017

Economic News , Data & Views .....September 5 , 2017......Quick hits For Tuesday 1) Markets : Asia Calendar For Wednesday , Market Moving Data & North Korea Updates ; US - US Indexes Pounded On Harvey Aftermath , Irma Fears For Southeast US & Florida , North Korea Tensions After The Weekend H-Bomb Test , Oil & US Treasuries Have Strong Days , Additional Items To Consider. 2) Hurricane Irma Poised To Threaten Florida As Well As South East US , Latest Updates Or Irma , Soon To Be Hurricane Jose Hot On Irma's Trail. 3) US Politics - News Unrelated To Hurricanes For Tuesday - DACA , NAFTA , Tax Plan, Additional Items Of Note. 4) UK - Brexit Related Items In The News Today. 5) Odds & Ends - Venezuela , Syria , Libya & More.



Markets..



Asia...




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



Replying to 
"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




US....



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



US 10-year and 30-year Treasury yields close at 9-month lows.




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.......




Advisory 27 Key Messages for . Weather conditions deteriorating soon in the northern Leeward Islands





1 hour ago
Tropical Depression 13 has formed in the SW Gulf of Mexico. People in the state of Veracruz should monitor closely







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







Replying to 
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





Trump's Justice Dept won't defend Obama-era rule on overtime benefits for workers




READ: Trump's full statement on ending DACA program





Apple, Google, Facebook among business giants ripping Trump for DACA decision





Hospital where cop dragged screaming nurse bars officers from talking to nurses






TRUMP SAYS U.S. NEEDS TO BRING BACK TRILLIONS OF DOLLARS FROM OVERSEAS, AND HE ESTIMATES THIS IS $4 TRILLION




*MEXICO'S GUAJARDO SAYS 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.




UK



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 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 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






Odds & Ends....




Venezuela




| It is now a criminal offense to disagree with or criticize the government.





Harvey Reveals Venezuela's Myopia in the Bigger Picture of Global Oil Supply





Worthless Venezuelan Currency Appear on Ebay as Memorabilia








1 hour ago
Venezuela item de jour...






Syria....




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 137 Brigade Base.Siege lifted




Libya.....









Libyan Oil Source: Libya's Sharara Oil Field Reopens After 2-Week Pipeline Blockade - RTRS




Italian Interior Minister Marco Minniti meets with Marshal Khalifa Haftar in .












110 migrants from Guinea return home via 's Mitiga airport.






Pres. Council VP Maiteeg meets w/ PM Lee Nak-yeon, extends invitation to visit





Iran...



"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??"



No one is standing up against Iran's "other" behavior, says, "out of fear that Iran will pull out of the JCPOA",,,




Iran says hajj success opens way for talks with Saudi





ANALYSIS: With on the run, is it time to focus on ? writes:





Nikki Haley : • deal "flawed" •Can't assess w-out looking into IRGC behavior •Tehran could become N. Korea



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. πŸ™„