Markets.....
FOR THE WEEK, THE S&P ROSE 1.2 PCT, THE DOW ADDED 1.6 PCT, THE NASDAQ GAINED 1.45 PCT
DOW JONES UNOFFICIALLY CLOSES DOWN 7.33 POINTS, OR 0.03 PERCENT, AT 22,768.06
NASDAQ UNOFFICIALLY CLOSES UP 3.67 POINTS, OR 0.06 PERCENT, AT 6,589.02
S&P 500 UNOFFICIALLY CLOSES DOWN 3.18 POINTS, OR 0.12 PERCENT, AT 2,548.89
Fed’s Bullard: Becoming More Concerned That Fed Could Make Mistake On Policy
Fed’s Bullard Says He Doesn’t See Inflation Pressures
-Rates Are ‘About Where They Need To Be’
Fed’s Bullard Speaking To Reporters; Says NFP Report Was Weaker Than Expected, Is A Cause For Concern
US Consumer Credit (USD) Sep: 13.06B (est 16.00B; prev R 17.72B)
Fed’s Kaplan: Have The Benefit Of Having A Little Time To Decide On Rate Hike Before Dec Meeting - RTRS
Fed’s Kaplan: Expects To Continue Seeing Slack Taken Out Of Labour Market - RTRS
Fed’s Kaplan: Job Losses From Hurricanes Seen As Temporary - RTRS
Fed’s Kaplan: Wants More Evidence Of Press On Inflation - RTRS
Underlying strength in #JobsReport increases odds of Dec rate hike, despite that 33K drop in payrolls (hurricanes) - https://www.livesquawk.com/members/us_sept_nfp_-_reaction …
NY Fed GDP Nowcast Q3: 1.5% (prev 1.5%)
-GDP Nowcast Q4: 2.5% (prev 2.0%)
Fed’s Bostic: Expects US Central Bank's Policy Of Slow Steady Return Of Rates To Normal Levels To Continue In 2018
Fed’s Bostic: Still Expecting One More Interest Rate Hike By The End Of The Year, But Not Wedded To It
[CNBC] Fed’s Kaplan: Sees Some Structural Headwinds
-Companies Have ‘Much Less’ Pricing Power
[CNBC] Fed’s Kaplan: Sees Some Structural Headwinds
-Companies Have ‘Much Less’ Pricing Power
US Wholesale Inventories (M/M) Aug F: 0.90% (est 1.00%; prev 1.00%)
-Wholesale Trade Sales (M/M) Aug: 1.70% (est 0.00%; prev -0.10%)
#NFP round-up: #manufacturing employment miraculously recovered a bit
#NFP round-up: private sector y/y change: #retail and #leisure & #hospitality #employment trends don't look too hot
BLS PRESS RELEASE: US Employment Situation Summary https://www.bls.gov/news.release/empsit.nr0.htm …
US Average Weekly Hours All Employees Sep: 34.4 (est 34.4; prev 34.4)
-Labor Force Participation Rate Sep: 63.10% (prev 62.90%)
US Average Hourly Earnings (M/M) Sep: 0.50% (est 0.30%; prev R 0.20%)
- (Y/Y) Sep: 2.90% (est 2.50%; prev R 2.70%)
US Change in Private Payrolls Sep: -40K (est 72K; prev R 164K)
-Change in Manufact. Payrolls Sep: -1K (est 8K; prev R 41K)
US Change in Nonfarm Payrolls Sep: -33K (est 80K; prev 156K)
-Two-Month Payroll Net Revision Sep: -38K (prev -41K)
Tropical Storm Nate...
MAXIMUM SUSTAINED WINDS...70 MPH...110 KM/H
PRESENT MOVEMENT...NNW OR 340 DEGREES AT 22 MPH...35 KM/H
MINIMUM CENTRAL PRESSURE...990 MB.
It's been five years since a Hurricane Warning has been affected for this portion of the Gulf coast. That was due to Isaac in 2012. #Nate
Here are the key messages for Tropical Storm #Nate as of 4:00pm CDT. A Hurricane Warning has been issued for metropolitan New Orleans.
Hurricane & Storm Surge Warnings posted. #LAwx #MSwx #Nate
Updates: http://Hurricanes.gov http://Weather.gov/NewOrleans
Hurricane warning for NOLA.
T.S. Nate will bring heavy rainfall to parts of the southeast and Appalachians over the weekend. Flash flooding possible across the region.
Landrieu: Instituting mandatory curfew at 6 p.m. Saturday, ending Sunday morning.
Here are the key messages for Tropical Storm #Nate for Advisory 9. http://hurricanes.gov
GFS 12z (American model) now back to Hurricane strength w/TS Nate into SE Louisiana & Mississippi --> @NHC_Atlantic hurricane warnings
US Politics...
Las Vegas....
GOP senators call on Trump ATF to re-examine legality of bump stocks http://hill.cm/BWqU4Pu
Law enforcement seemed pretty frustrated today. They say they still don't know why the shooter carried out a massacre. #LasVegasShooter
Phone charger not matching shooters phones-an anomaly. Mandalay Bay video in garage and 32 floor for 2nd puzzle.
Still clear as mud....
Still do not have a clear motive behind Las Vegas attack, undersheriff says.
Undersheriff: Very confident there was not another shooter in the room, but still unclear if anyone else knew about attack ahead of time.
No credible info to support ISIS claim, Las Vegas undersheriff says; rumor and speculation has not been helpful to our investigation.
Jesus Campos, security guard who first confronted Las Vegas attacker during the attack, is "an absolute hero."
FBI says working to post billboard ads across the Las Vegas area seeking more info from the public about the concert attack investigation.
Undersheriff: Believe responding security guard was shot during the attack on the Las Vegas concert crowd.
More loose odds & ends to consider...
Puerto Rico....
"We will be here for the long haul," says @VP, in remarks at church in Puerto Rico. "We will get through this," he pledges.
.@VP says progress being made in Puerto Rico, "but we have a long way to go." "Be sure we'll be with you every step of the way."
Estimated Puerto Rico losses #muniland
The US military is all in providing relief support and rebuilding infrastructure in Puerto Rico #muniland
, moving and supplying food and water to the affected population.
"I know the president went, but he went to another part, not in the center. I would like you to go to the center," the woman told VP Pence.
Gov't distributed pesticides to 13 municipalities @CaribBusiness
Puerto Rico water utility: services to be restored despite looming gov’t insolvency -
http://bit.ly/2yMKGMT
FEMA will have 8 routes today to deliver diesel to hospitals, said gov @ricardorossello @CaribBusiness
Access to money: 174 banks and 116 coops are open, and 481 ATM's around the island are operational @CaribBusiness
Government's death toll has increased from 34 to 36 deaths directly or indirectly related to Hurricane María @CaribBusiness
Updates on Gov't management...
Let’s talk today; I will be in touch. I have no doubt #Teslasolar will work w/#PuertoRico to globally showcase the power of its technology.
Swampland......
Further tariff of 80% on import of Bombardier's C-Series jet to US- follows earlier tariff of 220% for UK/Canada subsidies to Bombardier.
About last night...
Broad range of military options requested to be provided at faster pace...seems important.
"You'll have to wait and see," says @PressSec, asked what the President means by "calm before the storm."
WHITE HOUSE SAYS SECRETARY OF STATE TILLERSON STILL HAS THE CONFIDENCE OF PRESIDENT TRUMP
Senior White House official slapping down rumors that Pompeo is moving to State Department pretty hard.
Seems like the damn may be breaking on a major scandal mere weeks before Vance is up for unopposed reelection.
Foreign Policy....
Comment made just as North Korea produces another propaganda video of it nuking the U.S. https://youtu.be/nzhPInhZTLU?t=1m51s …
IRGC to be designated as terror group by US. This as decision on certification of JCPOA by POTUS looms.
October 10th test date , keeps popping up.
SANDERS: ALL OPTIONS ON THE TABLE `AS THEY HAVE BEEN' ON KOREA
Another test being prepped , seems like reason question is when ?
Hoo boy. State Dep't gives its nod to $15B (!) THAAD sale to #SaudiArabia. 44 (!) THAAD launchers & 360 interceptors in possible package.
IRAN'S FOREIGN MINISTRY SAYS TEHRAN'S MISSILE PROGRAMME NON-NEGOTIABLE, DENIES REUTERS REPORT
Fake news everywhere
Saudi Arabia To Be Put In UN Blacklist Amid Saudi King’s Visit To Moscow http://dlvr.it/PsqHyb
US Military Halts Exercises With Gulf Countries Over Qatar Diplomatic Crisis http://dlvr.it/Psr00L
Odds & Ends....
The city of Newark, NJ files a lawsuit against opioid manufacturers https://trib.al/jI2NJc4
NEW: US Embassy in Havana issues hotel restrictions to citizens after some report suffering from symptoms of hearing loss & cognitive issues
Steele still doesn't want to divulge his paymaster....
Europe Grab Bag.....
UK News.... UK-EU Talks...
Yep - and if they insist on having money up front we should walk away.
Interesting......
Not shocked. ...
Germany, France dash UK hopes of fast-tracked talks on transition deal, say divorce bill must be resolved first --FT
#Brexit
EU Concerns....
CORRECT: AIRBUS PROBES 100 POSSIBLE BRIBERY PAYMENTS: SPIEGEL.
Another Putin hack
Answer for some EU politicians seems to be devolve more powers to EU and away from EU countries.
Spain.....
Catalonia state of play...
Spain moves to ease exit of companies out of Catalonia http://www.cbc.ca/1.4343429
MAJOR BREAKING: CaixaBank, Spain's third largest bank, moves coporate address from Catalonia to Valencia. (La Vanguardia)
BREAKING: Service Point Solutions confirms to Spanish stock regulator CNMV it has changed its corporate address from Barcelona to Madrid.
LATEST: Puigdemont's appearance in Catalan Parliament pushed backed to Tuesday, October 10 at 6 p.m.
LATEST: Catalan government sends official vote results to Catalan parliament. (pdf)
http://premsa.gencat.cat/pres_fsvp/docs/2017/10/06/14/43/64cb2841-373e-46da-af51-e5c4a847cc97.pdf …
Final Referendum Result in Catalonia: 90.18% 'Yes' vs 7.83% 'No'. 1.98% blank votes. Participation: 43.03%
SPANISH UTILITY GAS NATURAL GAS.MC MOVES LEGAL BASE FROM CATALONIA TO MADRID - SOURCE
CATALAN PRO-INDEPENDENCE PARTY SAYS NOT WORKING ON ANY SCENARIO TO DELAY DECLARATION OF INDEPENDENCE - EL MUNDO
#BREAKING Neutral Switzerland is ready to provide a platform for dialogue between the Spanish government and Catalonia (RTS / Reuters)
Swiss State Broadcaster cited the foreign ministry as saying Swiss authorities were in contact with both parties for mediation. #Catalonia
Nice thread explaining HQ change motivation...
So much for that...
BREAKING: High Court in Catalonia issues copy of complaint against Police and Civil Guard, with casualty figures. Standby for count.
Catalan police chief Josep-Lluís Trapero and two pro-indy leaders are already in Madrid to testify in Spanish Court on sedition charges
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