Markets....
US....
S&P today's Cinderella - latest record close. Nasdaq and DOW just S&P's step sisters today....
NY wrap...
S&P 500, RUSSELL 2000, DOW TRANSPORTS SET RECORD CLOSING HIGHS
Over the past 3 weeks, we've seen a mini-repeat of the post-election moves.
Strength: Banks/Small Caps/Transports
Weakness: Treasuries/Gold
Bank stocks up for the 10th day in a row, 14 out of last 15 days. From -8% on the yr a month ago to +4% today. $KBE
Russell 2000 Small Cap Index closes at its most overbought level since 2003 (based on 14-period RSI). $RUT
Asia.....
Calendar for Friday For Asia....
Australian Private Sector Credit (M/M) Aug: 0.5% (exp 0.5%; prev 0.5%)
-Private Sector Credit (Y/Y) Aug: 5.5% (exp 5.5%; prev 5.3%)
PBoC Fixes USDCNY Reference Rate At 6.6369 (prev fix 6.6285 prev close 6.6570)
South Korea Finance Ministry: Will Swiftly Act To Stabilize Markets If Needed According To Contingency Plans – RTRS
Summary of Opinions at the Monetary Policy Meeting on September 20 and 21, 2017 http://twme.jp/boj/02Zl
Japanese Household Spending (M/M) Aug: 0.2% (prev -1.9%)
-Household Spending (Y/Y) Aug: 0.6% (exp 0.9%; prev -0.2%)
Japanese Tokyo CPI (Y/Y) Sep: 0.5% (exp 0.6%; prev 0.5%)
-Tokyo CPI Ex-Fresh Food (Y/Y) Sep: 0.5% (exp 0.5%; prev 0.4%)
Japanese Natl CPI (Y/Y) Aug: 0.7% (exp 0.6%; prev 0.4%)
-Natl CPI Ex-Fresh Food (Y/Y) Aug: 0.7% (exp 0.7%; prev 0.5%)
South Korean Industrial Production (Y/Y) Aug: 2.7% (exp 1.3%; R prev -0.2%)
- Industrial Prod SA (M/M) Aug: 0.4% (exp 0.5%; R prev 1.7%)
China taking a harder line finally. ..
U.S. State Dept.: "We are not seeking regime change or collapse."
http://bit.ly/2fvjKK2
U.S. State Dept.: "The Administration recognizes N. Korea…as the paramount security threat facing the U.S. today."
http://bit.ly/2fvjKK2
South Korean Air Force Early Warning & Control platform plane is now airborne.
Cobra Ball is airborne again at 33,000 feet.
Cobra Ball airborne is a ballistic missile detection platform and part of the US Air Force.
US Politics.....
( Recent Items , Much more at Twitter TL.)
JUST IN: Trump interior chief took thousands of dollars in private flights at taxpayer expense: report http://hill.cm/uglKuno
Sens Graham/Cassidy meet w/Trump on health care. Say they are "committed to holding hrngs" on health care in coming months
US Senate confirmed new Ambassadors: Jon M. Huntsman, Jr. to Russia, John Bass to Afghanistan, Justin Hicks Siberell to Bahrain
Mothers of NFL players to Trump: Stop the divisive language and start a productive dialogue http://hill.cm/2sP57Ud
Here we go....
NEW: Senior HHS source says that HHS secretary Tom Price will specifically pay $51,887.31 over useage of a private plane.
PRICE TO REIMBURSE HIS PRIVATE JET COSTS AFTER TRUMP CRITIQUE
If Cohn doesn't understand mortgage deduction is important to home ownership & real estate sales-he should be fired.
One problem-Baghdad on the record as saying no it will not engage in discussions with Kurdistan as a result of Ref.
JUST IN: Twitter's presentation to Senate Intel Cmte. was "inadequate on almost every level" and “deeply disappointing," Sen. Warner says.
Royal Caribbean cancels cruise, sending ship to pick up evacuees in Puerto Rico http://hill.cm/M4P4hL8
White House: Army Corps of Engineers is in charge of restoring Puerto Rico's decimated power grid.
There was enough capacity to bring supplies to Puerto Rico by ship but the problem has been distributing on ground, Tom Bossert told press.
Congress will likely provide $7 billion to Puerto Rico in initial funding round. Likely more once damage assessments complete #muniland
Nat'l Security Adviser indicates WH will ask Congress for another emergency supplemental spending bill for hurricanes in next couple wks
Top Dem on Senate Judiciary Committee: Senators have a deal "in principle" for Trump Jr. to testify http://hill.cm/MFon5na
To relieve the long jam of 1000s of containers sitting at the Port of San Juan Puerto Rico governor **finally eases local regs #muniland
This !
Too much at stake to walk away from JCPOA without a plan. I expect Trump will certify by October 15th.
Were any state voting systems actually hacked by alleged Russians ? First Wisconsin and now California refute DHS.
*MNUCHIN SAYS WE WOULD LIKE TAX CUTS TO BE RETROACTIVE: BBG
*MNUCHIN: TAX CHANGES WON'T BE REVENUE NEUTRAL ON STATIC BASIS - BBG
*MNUCHIN: TAX CHANGES WILL BE REVENUE POSITIVE ON DYNAMIC BASIS
GOP senator: Russian trolls are using social media to take advantage of Trump-NFL feud http://hill.cm/Ql9k2qn
Seems more people are coming around to the idea alleged russian accounts sought to divide rather than push Trump.
Catalonia......
Catalonia updates......1
Catalonia update.....2
Catalonia updates.....3
Catalonia updates......4
Catalonia update....5
Catalonia update...6
Catalonia update....7
BREAKING: "Spain must respect fundamental rights in response to Catalan referendum", UN rights experts
Keep an eye on this , could be an explosive situation...
UK-EU Talks...
We shall see...
Dragging along..
Exit talks dragging along..
David Davis: no doubting that this was a vital round of negotiations...I'm clear we have made considerable progress #Brexit
Davis: on citizens rights we will publish an updated table later today that shows many areas of agreements
Davis: UK committed to incorporating final withdrawal agreement fully into UK law #Brexit
Davis: PM made clear UK will honour committments it made, not yet at stage of specifying exactly what these are #Brexit
Odds & Ends...
Qatar...
Ukraine....
Ammunition depot fire continues to rage on....many tons of shells there , so exceedingly dangerous.
KSA....
Big takeaways-persistent budget deficits have caused KSA to burn through 230 bn in reserves since 2014. 490 bn left.
Germany....
Merkel pats Macron on head , says she'll get back to him...
Germany Withdraws Military from Turkey’s Incirlik Airbase
http://alwaght.com/en/news/111480
#Germany
#Turkey
#NATO
#Incirlik
Food contamination threat in Germany , supermarket shoppers should be vigilant to signs of tampering.
Kurdistan.
Putin lands in Ankara for working dinner with Erdogan. Syria, Kurds, gas pipeline on the menu.
All bark so far..
" The Empires Strike Back" ?
Baghdad , Iran and Turkey working toward coordinated , concrete action after Ref.
KRG seeks talks with Turkey after referendum rift...
Sadly , Al Nahar stoops to racial and sexual stereotypes after Kurdistan decided to ignore Baghdad threats and hold its referendum.
#BREAKING: Turkish President @RT_Erdogan says Kurdistan Region’s referendum will end in failure, adds ethnic clashes won’t have benefit.
#BREAKING: Qatar Airways cancels all scheduled flights to #Kurdistan Region following request from the Iraqi Aviation Authority.
#Kurdistan travel agencies protest Iraq flight ban, 7,000 jobs at stake https://goo.gl/jZYXxk
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