Wednesday, October 4, 2017

Economic News , Data & Views......October 4 , 2017.....Quick Hits For Wednesday-1) Markets : Asia - Economic Calendar For Thursday , Market Moving Data & News , North Korea Has Been Quiet For Awhile ; US - Treading Water Trading Day Today , Backing & Filling Until Friday. 2) Spain - Today's News Include Catalonia Possibly Moving To Declare Independence As Soon As Monday , Spain Central Gov't Seeking To Shutdown This Rebellion , Mediation Looks Unlikely And Jitters Abound. 3) UK - May Addresses Tory Conference , Additional Political Updates Of Note. 4) US Politics : Puerto Rico Updates For Wednesday - Including Details On Restoration Efforts ; Las Vegas Shooting Investigation and Political Aftermath ; Swampland News. 4) Odds & Ends - KSA _ Russia Mending Fence , Bitcoin Nugget , Tropical Storm Nate News , Libya News , Syria Updates ,


Markets......


Asia Calendar for Thursday....




Australian Exports (M/M) Aug: 1.0% (prev -2.0%) -Imports (M/M) Aug: 0.0% (prev -1.0%)




Australian Trade Balance (AUD) Aug: 989M (exp 850M; prev 460M)




Australian Retail Sales (M/M) Aug: -0.6% (exp 0.3%; prev 0.0%)



Japan PM Abe Pledges To Speed Up Abenomics – Yomiuri



South Korea's Trade Ministry: US, South Korea Recognize Need To Amend Free Trade Deal 'To Enhance Mutual Benefits Of The Korus' – RTRS



1 hour ago
New Zealand Net Debt 22.2% Of GDP In 2016/17 Vs 22.5% Forecast




1 hour ago
New Zealand 2017 Budget Surplus Is NZ$363 Mln Larger Than Forecast -Budget Surplus NZ$4.07 Bln In 2017 v NZ$1.83 Bln In 2016




US......


US stocks up modestly and off highs but still record closes

Waiting for NFP Friday perhaps ?



Spain.....



Spanish military trucks on the move in Catalonia....








ABC: "Catalan banks have 2-hour plan to get out. Banks, big companies and funds activate exit plans in case Cat govt declares independence".





El Mundo: "Cynical Puigdemont invokes Constitution to attack the King" + "CaixaBank studying move to Balearic Islands on uncertainty".





El Periódico: "Puigdemont tells King: 'Not like that'" + Editorial: "For Catalonia, elections".





Bucket of cold water poured..




Spanish government rejects call for mediation in Catalan crisis



LATEST: Puigdemont says "Once again, the people of Catalonia showed it was united yesterday".



LATEST: Puigdemont says Catalonia "united as one people".



LATEST: Puigdemont says King disappointed many people in Catalonia with his decision to make that speech last night.


LATEST: Puigdemont says "this moment needs mediation".



El Diario reports Rajoy rejects Podemos offer of dialogue with Catalan government and separatist parties.



The Catalan president will make a statement in the parliament on Monday at 10am to explain how the referendum results will be enforced




CATALAN GOVT SEEKS BARCELONA BISHOP AS MEDIATOR: TV3




Army being sent to Catalonia for " logistical support."




INFLUENTIAL CATALAN BUSINESS LOBBY SAYS EXTREMELY WORRIED ABOUT POTENTIAL DECLARATION OF INDEPENDENCE FROM SPAIN



THIS...Head of Catalan Gov't rules out Talks with Spain b/c of events of Sunday.



Keep your eyes on Spain between now and Monday !




Ominous....





UK...


Some UK MPs Are Said Ready To Call For PM May Resignation – Telegraph



The only question being asked that matters in British - nay European - politics tonight: does Mrs May survive?




The next 24 hours have suddenly become the most crucial in Mrs May’s political life.




Tory Items.....1





Tory items ....2





Tory items ....3









Replying to 
Theresa May: We seek a deep and special partnership between a strong, successful EU and a sovereign UK


Replying to 
Theresa May: It is our responsibility to prepare for every eventuality, that is exactly what we are doing


Replying to 
May: we seek a partnership that ensures the UK is a sovereign nation once again.. in which the British people are firmly in control



Replying to 
Theresa May: the negotiations can be frustrating but if approached in a spirit of cooperation we can find a deal that works for all



Knives out for Boris...




US Politics.....



Las Vegas....



: GOP lawmaker to introduce bill to ban device Vegas shooter used to turn gun into automatic weapon





Las Vegas shooter's girlfriend denies knowing about his plans




NEW: Dems think they can get Trump to work with them on gun control




1 hour ago
Girlfriend Marilou Danley says she didn't suspect Stephen Paddock's plans and thought he sent her away to break up




Lawyer for shooter's girlfriend says Paddock bought her tix to the Phillippines 2 weeks prior and wired her 100k to buy a home.




R Sen Ron Johnson on bump stocks: "I have no problem in banning those."



Trump heads to Las Vegas as FBI question shooter's girlfriend



"And yeah they’re learning a lot more and that’ll be announced at the appropriate time," Trump says of Vegas shooting before leaving for NV.






Puerto Rico....




1 hour ago
JUST IN: White House asks Congress for $29 billion for disaster relief




WATCH: San Juan mayor wears "nasty" shirt to TV interview in response to Trump




"After [US House] round table Resident Commissioner Jenniffer González confirms under discussion to review Promesa"




Puerto Rico debt restructuring is currently being litigated. Will likely tk years to be resolved given appeals. Need negotiations





As for hurricane-related costs, said are being finalized for emergency supplemental request which goes to the Hill today





Food and water supply, telecommunications and effective diesel distribution logistics are the priorities for the Gov't



Sec of Education and Housing are identifying places in municipalities to prepare food for the people in need




76% of gas stations are now operational, almost double the amount that were open last week.



126 humanitarian aid missions were active yesterday, more than double than the day before, informed



Expectation is that telecommunications will be at 45% in a week. More Sat COWs satellites are being installed every day



"Food and water is moving very quickly" said FEMA director. Rep from 47 municipalities went to the supply center yesterday



US Army Corps of Engineers installed 30 generators. The also have 143 generators on stand by and 300 more on the way



FEMA director said relief application have surpassed the 140,000. He also announced "an aggressive" recruitment campaign



"We are not going to deal right now with those fundamental difficulties that Puerto Rico had before the storm," Trump's budget director says






Congress passed a law to restructure Puerto Rico's debts. Trump is getting involved but he cant "wipe out" the debt






Swampland....



100,000 pages of documents , 11 open hearings held, more than 100 people have been interviewed - and absolutely not even chipmunk squat.


Where are these "weaponized" Facebook , Google or Twitter ads ? Why aren't examples posted so we can actually see what the fuss is about ?



As though somehow Mueller can do something the FBI allegedly can't do - make "Dodgy Dossier Peddler Steele " cooperate ?



JUST IN: Mueller including controversial Trump-Russia dossier in Russia probe: report





Judge blocks Texas from turning over voter information to Trump voter fraud commission





: Trump Justice Dept investigating affirmative action policies at Harvard




WATCH: Bipartisan support grows to rein in controversial government surveillance law






1 hour ago
NEW: Five takeaways from the Senate Intel update on its Trump-Russia probe





TRUMP SAYS "I'M VERY HONORED BY HIS [TILLERSON] COMMENTS .. TOTAL CONFIDENCE IN REX": LAS VEGAS BRIEF



Facebook takes out full-page ads vowing to "fight any attempt to interfere with elections"




Former spy Steele not cooperating-no shocker he won't testify under oath/penalty of perjury about his doggy dossier.




SENATE INTELLIGENCE COMMITTEE CHAIRMAN BURR SAYS INTEL PANEL HAS NOT DETERMINED THAT RUSSIA SOUGHT TO BOOST TRUMP IN 2016 ELECTION: RTRS



If these were ads in the public domain previously , why not release them ?




burr: oct. 25 open hearing with cohen. on steele dossier, committee has hit a wall. offers unaccepted.



"Yes," Sarah Huckabee Sanders said on AF1 when press asked if Trump has confidence in Tillerson. Is he didn't, wouldn't be here, she said.



Gen. Kelly was originally going to be on AF1 to Vegas with Trump today but was pulled off flight, I'm told. WH not answering Qs about it.



Source confirms to CNN Tillerson did call the President a "moron," & that President Trump was aware Tillerson spoke of him in such a way




SEN. CORKER SAYS `DISHEARTENED' ON TAX REFORM EFFORTS GOP SEN. CORKER SAYS HE WON'T BE PART OF ADDING TO DEFICIT


Tillerson praised cabinet, implied nasty backbiting rumors from current and former admin officials meant to divide the admin.



NBC reported Tillerson called Trump "moron" & had to be talked out of resigning. "I'm not going to deal with petty stuff like," he says now.



Guess we shall see what , if anything , happens on Monday. I think I October 10th a more likely day-but who knows ?





Odds & Ends.....




KSA-Russia....




King Salman has arrived in Moscow for the 1st ever visit by a Saudi monarch to .






Bitcoin...



Russian Official Compares Bitcoin Price with Infamous Ponzi ‘MMM’


Nate......


Tropical Storm Nate is now something to keep an eye on in the Gulf of Mexico.






A low over the SW Caribbean should become a tropical depression later today while it moves NW toward Nicaragua




Libya...




1 hour ago




Fayez Serraj meets with a delegation of elders.






Residents of destroyed neighborhoods call on Pres. Council for compensation.





Tanks deployed in Qasar Ben-Ghashir area after brief clashes b/w Haithem Tajouri and Al-Kani brigades. Situation tense










Libya method of participating in production cut plan of OPEC.






Images showing aftermath of the explosion at Court Complex. Injuries rise to 15. Situation still tense.





Syria.....




Syrian Democratic Forces captured Harmushiyah from Islamic State after 3 days of clashes Map:






Approximate situation after major SAA advances in eastern Homs / Hama pocket Map:





Replying to 
Online activists confirm Abu Mohamad al-Joulani ( leader) is wounded.




Replying to 
At least 8 leaders of Turkistani & confirmed killed by activist online following over 32 Russian air strikes