Monday, September 25, 2017

Economic News , Data & Views....September 25 , 2017.....Quick Hits For Monday-1) Markets : US - Stocks Drop On Monday As German Elections & North Korea Concerns Weight , For The Same Reasons - Gold , Treasuries & Oil Have A Strong Day ; Asia - Economic Calendar For Tuesday & Market Moving Data & News. 2) US Politics : Graham- Cassidy Has At Least 4 GOP Senators In No Camp - HC Repeal Bill Not Going Anywhere As Things Stand Presently ; Swampland Updates ; North Korea Updates ; Additional Items Of Note. 3) Spain - Catalonia Region Standoff Continues. 4) Kurdistan Independence Referendum Underway And Turnout Impressive , Looks Like Yes Will Win A Landslide.




Welcome to Monday !






Markets.....


US.....



NY wrap - German Elections , North Korea make Monday a downer for Stocks - but Gold , Oil & US Treasuries shine !






1 hour ago
Interest rates reflect ‘duck-and-cover’ trade to price the risk of North Korean war



DOW JONES UNOFFICIALLY CLOSES DOWN 52.35 POINTS, OR 0.23 PERCENT, AT 22,297.24



S&P 500 UNOFFICIALLY CLOSES DOWN 5.51 POINTS, OR 0.22 PERCENT, AT 2,496.71



NASDAQ UNOFFICIALLY CLOSES DOWN 55.29 POINTS, OR 0.86 PERCENT, AT 6,371.63



PM Yildrim said today Ankara will deal w/ Bagh from now on on border ports,airports AND PIPELINES. If true, that's a huge about face



U.S. crude futures settle at $52.22/bbl. ⬆$1.56. +3.08%. _X7 volume: ~633k



Asia....



Asia Calendar for Tuesday...



Replying to 
Russia foreign ministry says military conflict will lead to catastrophic consequences



Replying to 
China says war with US & North Korea would have 'no winners'



US Mine-Clearing Ship arrives in South Korean port.



US wants to solve North Korea crisis diplomatically says Mattis



North Korea moving aircraft & defense equipment to east side of country.



PBoC Fixes USDCNY Reference Rate At 6.6076 (prev fix 6.5974 prev close 6.6189)




PBoC Open Market Ops: -PBoC To Inject CNY 40 Bln Via 14 Day Reverse Repos -PBoC To Inject CNY 10 Bln Via 28 Day Reverse Repos



New Zealand ANZ Business Confidence Sep: 0.0 (prev 18.3) -ANZ Activity Outlook Sep: 29.6 (prev 38.2)




Japanese PPI Service (Y/Y) Aug: 0.8% (exp 0.6%; prev 0.6%)




Minutes of the Monetary Policy Meeting on July 19 and 20, 2017




1 hour ago
New Zealand Exports (NZD) Aug: 3.69B (exp 4.05B; prev 4.62B) -Imports (NZD) Aug: 4.92B (exp 4.80B; R prev 4.53B)




1 hour ago
New Zealand Trade Balance (M/M) (NZD) Aug: -1235M (exp -825M; R prev 98M) -Trade Bal (Y/Y) (NZD) Aug: -3200M (exp -2910M; R prev -3205M)



South Korean Consumer Confidence Sep: 107.7 (prev 110)




US Politics....




Graham- Cassidy HC Repeal Bill....




Top Senate Republican: Decision on ObamaCare repeal vote likely to be made Tuesday




Republican US Senator Collins: Opposes Her Party's Healthcare Bill In The Senate – RTRS -Bill Lacks Number Of Votes



Replying to 
HEALTH LEGISLATION WOULD REDUCE DEFICIT $133B 2017-2026: CBO



CBO SAYS EXPECTS TRANSITION TO BLOCK GRANTS TO STATES TO BE ACCOMPANIED BY "MARKET DISRUPTIONS AND OTHER IMPLEMENTATION PROBLEMS"




1 hour ago
GRAHAM-CASSIDY WOULD REDUCE PEOPLE INSURED `BY MILLIONS': CBO



Cornyn non-commital in bringing new health care bill to the flr. “I’m in a fact gathering mode.”



Cruz opposes ObamaCare repeal bill despite changes: "They don't have my vote"




Sen Paul says he can't back Graham/Cassidy because it represents $1 trillion toward Obamacare spending




S&P loudly pans Graham -Cassidy HC Repeal Bill. Probably kiss of death.






Hurricane Maria Aftermath....




Puerto Rico power utility restoring service to ‘priority areas’; still hard to get supplies to many towns:




"Pentagon said that technical experts from the U.S. Army Corps of Engineers had conducted a preliminary inspection of the dam "




Just landed on Air National Guard Relief flight into Puerto Rico. Will lead our Hurricane recovery coverage on





In new news release, says Air Force strategic airlift for Puerto Rico relief "more than doubled" between Saturday & Sunday.




Dems playing politics on FAA Reauthorization and Tax Relief for Hurricanes.






Swampland.....




JUST IN: House Democrats attempt to force vote on path to citizenship for Dreamers











: Kushner under investigation for use of private email account








Boycott? ESPN’s Sunday Night Football game had lowest Week 3 ratings since 2006









Breaking: U.S. Supreme Court removes travel ban case from it's schedule.





North Korea....




Twitter: We won't delete Trump's tweet threatening North Korea because it's newsworthy





CHINA'S U.N. ENVOY LIU, REACTING TO NORTH KOREAN FM'S REMARKS, TELLS REUTERS: 'WE WANT THINGS TO CALM DOWN, IT'S GETTING TOO DANGEROUS'



US trying to calm waters today..




U.S. Hasn't Declared War on N. Korea: NSC Spokesperson



Pentagon responds to NK Foreign Minister RI statements today - by threatening to give options to Trump..




So , what will happen next time US flies B -1 Lancer Bombers near NK ?




N. Korean foreign minister declares: "In light of the declaration of war by Trump, all options are on the table of the supreme leadership"




Replying to 
Ri: Trump declared war. Since this comes from someone holding seat of US presidency, it's declarartion of war 2/



Replying to 
Ri: All (UN) members should remember its US that 1st declared war. UN Charter supports self-defence 3/



Replying to 
Ri: This means we have every right to make countermeasures like shooting down US strategic bombers even if they are not in our air space 4/



Replying to 
The above are Ri's words I dictated live interpreting Korean to English. Official verbatim statement will probably be released soon 5/.




NORTH KOREAN FOREIGN MINISTER SAYS TRUMP'S COMMENTS OVER THE WEEKEND WERE CLEARLY A DECLARATION OF WAR



Ri: "The whole world should clearly remember it was the US who first declared war on our country,"



NORTH KOREA HAS RIGHT TO SHOOT DOWN STRATEGIC U.S. BOMBERS EVEN IF THEY ARE NOT IN NORTH KOREAN AIRSPACE: RI





Spain...



Catalonia update.....1




Catalonia update....2






Catalonia update....3






Catalonia update...5





Catalonia update....6





Catalonia update....7




Spain backing off from making further moves against Catalan Gov't & supporters of Independence Referendum?




SPAIN MAY SHUT CATALAN GOVT IF SECESSION DECLARED: CONFIDENCIAL




Kurdistan.....





: 72% turnout in Kurdistan referendum: election commission






Results being counted , so far "yes" vote regarding independence getting a resounding 93%..






Turkey has a lot to lose economically , if it intervenes into Kurdistan.





ARMY STARTS MAJOR MANEUVERS WITH TURKISH ARMY AT THE COMMON BORDER, IRAQI DEFENSE MINISTRY SAYS: RTRS.



Something to keep an eye on...







Many people are still in the queue, hoping to vote in before voting closes, .






Thousands of Kurdish Peshmerga are currently on their way to Kirkuk. Securing the city of utmost importance.




Iran pivots on border closure threat from earlier today.




An interesting thirteen tweet thread to consider.





: Iraqi parliament votes to close down all borders of Region with the outside world following referendum.




🔴 : Turkish President Erdogan says the moment we close Kurdistan’s oil pipelines, its economy will collapse.





using the weapon against --