Friday, September 8, 2017

Economic News , Data & Views.....Quick Hits For September 8 , 2017.......1) Markets : US - The Dow Rises 14.53 points , S&P Ends Down -3.63 points , Nasdaq Falls -37.67 Points ; Gold Trades Down -$2.61 to $1346.75. WTI Ends Down -$1.50 to $47.57. 10 & 30 Year Treasuries Yields At Lowest Levels Since Nov 2016 ; Europe - Mixed Indexes For Europe Key Indexes , Spanish Bonds Troubled As Catalan Vote Looms Large & Reaction Of Spanish Gov't To Squash Vote Also Looms ; Bitcoin Roiled By China & Russia Today. 2) Hurricane Irma & Jose Updates - Irma Bears Down On Florida , Jose Has Barbuda In Its Sights As Island Evacuates. 3) US Politics - North Korea , Camp Davis Summit Of Trump Cabinet this Weekend , Equinox Breach & Politicians React , Harvey Updates & House Passes Debt Ceiling/ Interim Spending & Harvey Aid - With Help Of Democrats As 90 Republicans Vote No. 4) Mexico Earthquake Death Toll Reaches 61 , Largest Quake In Many Years. 5) Spain - Restless Catalonia Presses Secession Issue Despite Threats From Rajoy To Enforce The Law. 6) Odds & Ends For Today - North Korea , Syria & Libya In Focus.



Markets....



US.....




The Dow Rises 14.53 points , S&P Ends Down -3.63 points , Nasdaq Falls -37.67 points.





Gold Trades Down -$2.61 to $1346.75. WTI Ends Down -$1.50 to $47.57. 10 & 30 Year Treasuries Yields At Lowest Levels Since Nov 2016




Europe...



Replying to  
Financial repression in one chart: Since 2011, German savers see negative real interest rates.




FRANCE'S CAC 40 DOWN 0.04 PCT, GERMANY'S DAX UP 0.04 PCT, SPAIN'S IBEX DOWN 0.02 PCT




's bonds underperform 's as Catalan vote looms. 10y risk spread drops to 41bps, lowest since Jan.





Additional Items...



CRYPTOCURRENCY ACCOUNTS IN RUSSIA ARE CURRENTLY ILLEGAL - DEPUTY FINANCE MINISTER: IFX




DOWN 7.5 PCT AT $4270.00 IN MORNING TRADE‍




*CHINA IS SAID PLANNING TO SHUT LOCAL EXCHANGES: CAIXIN




plunges by almost 7% as to shut local Bitcoin exchanges, local media reports.





Hurricanes Irma & Jose...


( Recent Updates Only , Much More At Twitter T.L.)


Irma...



Irma is back at Cat 5 - 160 mph max sustained winds at landfall , barometric pressure 924 - about the same as before strengthening.





Irma could be strengthening as it enters warmers waters & speed has decreased from 16 mph earlier down to 12 mph...





Hurricane Advisory 39A: Irma'S Southwestern Eyewall Moving Over the North Coast Of Cuba.






***THIS IS AS REAL AS IT GETS*** ***NOWHERE IN THE FLORIDA KEYS WILL BE SAFE*** ***YOU STILL HAVE TIME TO EVACUATE*** Please RT.






1 hour ago
Hurricane Advisory 39: Hurricane Conditions Spreading Westward Over Portions of Cuba And The Central Bahamas.





2pm Friday: FLASH FLOOD WATCH for areas near Lake Okeechobee. Mandatory evacuations are in effect!





Caribbean residents left reeling over ’s destruction -




In case I haven't said it enough already, Hurricane Irma is huge. Its hurricane-force wind field packs >5x the energy as Cat 5 Andrew.






Now a Cat 4 hurricane, will reach Florida on Sunday, with impacts extending to GA/SC.




Complete compilation of everything one needs to know for before , during and after storm passes.





Strong words from at : "Few people alive have experienced a storm like ":





Jose....



Hurricane Advisory 14: Jose Remains a Dangerous Category 4 Hurricane.



Hurricane Advisory 13A: Jose Remains a Powerful Hurricane Over the Central Atlantic.





Full evacuation of entire island of Barbuda for Cat 4 Jose.






has rocketed to Cat 4 status w/top winds of 150 mph. It'll move near or just NE of hard-hit Leeward Islands.





Hurricane now a Category 4 with max sustained winds of 150 mph. Track takes it just north of Barubuda, St Martin & St Barts...







US Politics....


Thune/Nelson letter to Equifax: The nature of the information..compromised..requires that we regard this..as a major data security breach



Replying to 
Qatar says phone call between Sheikh Tamim and Prince Mohammed was coordinated by Trump, envoys will be named discuss the dispute —QNA





US is readying diplomatic and military moves against NK including cyberattacks & increased surveillance and intelligence operations




Replying to 
This could also include inspection of ships arriving and leaving North Korea.




Good read-if anything , eliminating trade w/ North Korea may also eliminate influence of trade partners like China.




Qatar donates $30m to help Hurricane Harvey victims in Texas, the largest contribution from a foreign government





Qatar donates $30m to help Hurricane Harvey victims in Texas, the largest contribution from a foreign government




In 2017 , no excuses for breaches like this to occur. Ever.





I am launching a formal investigation into the breach. Today, I sent a letter to seeking additional information.




Replying to 
This is so absolutely infuriating. How are organizations handling this volume of sensitive data this incompetent?




White House announces Cabinet and their spouses will be at Camp David this weekend. Trump will hold his 4th Cabinet meeting on Saturday.




House passes bill 316-90, raising debt ceiling, keeps government open and Hurricane aide. First Trump deal irritates his base, pleases Dems




Dems will continue to have leverage for Dec showdown over gov't shutdown/debt limit. Will insist on DACA. Still no border wall $



GOP has 240-194 seat Hse majority. But always must turn to Dems to lift debt limit/avoid gov't shutdown.



Dem IL Rep Gutierrez threatens gov't shutdown in Dec unless DACA is fixed. Says Dems hold the votes. Today's vote proved that.



Gutierrez: 90 GOPers turned their back on..continued funding of gov't. There is no opening of the government unless Dems cooperate




Mexico Earthquake....




Retweeted WorldOnAlert (): : 61 people confirmed dead after strong earthquake so far.





|Most powerful earthquake in the last 100 years shakes Mexico and leaves at least 32 dead Via




Sadly , death toll keeps rising...





Mexico got an early warning before deadly earthquake struck. When will California get that system?




3 Hurricanes presently at major category and Mexico has an 8.1 mag Earthquake today. Swarms of locusts next ?






Spain..



Replying to 
Given Constitutional Court orders and criminal charges filed by prosecutor, Catalan government cannot provide legal guarantees for BCN.




Mayor of Barcelona says she wants Catalan government to explain "actions it has planned to guarantee security of public workers".





Spanish government spokesman says no one should be surprised if the government enforces the law.




Spanish government spokesman says Catalan police, the Mossos, act "for all Catalans, they are not just police for the secessionists".




Odds & Ends....



North Korea...



CVN 76 commenced a routine fall patrol in the 7th Fleet area of operations after departing Fleet Activities Yokosuka...



While attention is on Hurricane Irma , this is happening .... 1



This seems more than "show of force"... 2



Getting close to show time ? 3




Responding to North Korea’s test: How far will China and Russia go?




Chinese FM Wang Yi says "necesasry measures" must be taken after sixth nuclear test





How Russia could use its veto power on new UN North Korea sanctions




Libya...







1 hour ago
Serraj blames others for Libya's woes - sees elections as ultimate solution -











Syria....




Syrian Democratic Forces captured Jabal az-Zirab and Bir Dumayni Map:





East / : free al Sab'ah, Abū Līyah, Rasm at-Tawil, Umm Sahrij, Abū Qa‘ţūr + 3 other villages from v





About 1,500 meters seperate the Lift sieging troops & airbase control Alloush Hill and Security Brigade.





Replying to 
SAA captured Aloush hill which overlooks the cemetery area south of DeirEzzor





Syrian Democratic Forces captured Hujayf az Zarrab and Tal Aljehev - 25km north of Deir ez-Zor Map: