Market News and Commentary August 6

Saudi Arabia Can Pump Much More Oil Than They Are Telling You. A surprise deal to boost world oil supply could ‘stir the pot’ in the Middle East. Carrier USS Harry S. Truman operating in the Atlantic as Russian submarine activity is on the rise. Greenlight Capital suffers 7% drop in June, and is down over 18% this year. Rents in Southern California go nuts. Bay Area & Seattle “mixed.” Chicago & Honolulu in free-fall. New York City sharply lower. Washington DC loses grip. But rents soar 10-15% in many markets. Scaramucci warns Trump must ‘change tactics now’ on trade. Trump says OPEC manipulating oil market, warns Europe on Iran.

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