Russia Delivering Advanced Air Defense To Syria, Despite U.S. Objections. North Korea says ‘no way’ will disarm unilaterally without trust. Russian-U.S. tycoon boasted of ‘active’ involvement in Trump election campaign. Asian stocks lower on U.S.-China trade worries. Israel: IAEA failed to act on Iran’s ‘secret atomic warehouse.’ If Trump abandons globalism, American interests will suffer ‘irreparable harm.’ Turkey’s Erdogan opens mosque in German city of Cologne. The Fed could be hiking the U.S. into a recession, warns Peter Boockvar. Musk out as Tesla chair, remains CEO in $40M SEC settlement.
Facebook Hack Exposed 50 Million Users’ Info — And Accounts On Other Sites. The upward march of oil prices shows few signs of stopping. Judge lets Democrats in Congress sue Trump over foreign payments. South Korea’s LG Display to cut jobs through voluntary retirement. Mexico says U.S., Canada could reach new NAFTA deal in 48 hours.
Senate GOP agrees to one-week delay on Kavanaugh Supreme Court confirmation to allow for FBI probe
Italy hikes deficit goal, defies EU and rattles markets. Saudi Arabia in short-term oil fix, fears extra U.S. supply next year. Global funds raise U.S. stock holdings to three-and-a-half-year high. China says it won’t be pushed around by U.S. on trade.
Fed Lifts U.S. Rates By Quarter Percentage Point. U.S. gasoline prices at seasonal four-year high ahead of midterm elections. CEOs are using the market boom to quietly cash in their own chips. IMF increases Argentina bailout package to $57 billion. A robot that can peel lettuce takes us closer to automating delicate farm work. Brett Kavanaugh accuser Christine Blasey Ford releases polygraph results showing ‘no deception’ in her account of assault. Only one in five adults want Rosenstein to leave: Reuters/Ipsos poll.
BREAKING: Michael Avenatti Reveals Client Making ‘Gang Rape’ Allegation Against Kavanaugh. Oil continues to soar on supply concerns. China leads world stocks higher ahead of Fed rate decision. Qualcomm accuses Apple of giving its intellectual property to Intel. Pentagon innovation leader warns U.S. falling behind China.
Some World Leaders Laugh As Trump Claims His Administration Accomplished More Than Others. Trump opened UN speech by bragging about his administration’s domestic achievements. PM May – No-deal Brexit better than current EU offer. The Fed has a lot to talk about besides higher interest rates. Stock investors should be wary of consumer confidence at an 18-year high. Savings rates still lag as Fed readies eighth increase of the cycle. As debt rises, the Government will soon spend more on interest than on the Military. Fed expected to raise interest rates and signal more hikes are coming. Oil continues to soar on supply concerns.
Trump, Deputy Attorney General Rosenstein To Meet On Thursday. BIS warns global economy risks crisis relapse. NBC News/WSJ poll: Democrats hold the advantage in November’s elections. U.S. student debt might lead to the next financial crisis. Russia to supply Syria with air-defense system, raising tensions with Israel.
Yield Curve Flattening End Of Bull Market In Stocks Is Neigh. Next crash will be ‘worse than the Great Depression.’ Theresa May’s team plot snap election to save Brexit. From reality TV to U.N., Trump to wield Security Council gavel. China summons U.S. ambassador to protest sanctions over Russia military equipment. Venezuela crisis: Chinese hospital ship docks for a week.
Wal-Mart Warns Tariffs Will Raise Prices And Tax American Businesses. Target is ‘deeply troubled’ over Trump’s tariffs. EU’s Brexit hard line angers Theresa May. Wells Fargo plans to cut up to 10% of workforce in the next 3 years. U.S. oil sanctions on Iran threaten global supplies, but a demand slowdown poses a real risk.
Sources Jeremy Siegel: The Stock Market Could Be Headed For A ‘Little Bubble’ Just Like In January. Dow jumps more than 250 points to record high as Apple rises and trade-war fears simmer down. Jack Ma recants 1M job promise on U.S.-China tensions. China announced 5% to 10% tariffs on $60 billion in U.S. goods in retaliation for import duties announced by Washington on $200 billion in Chinese goods. Both sets of tariffs are set to take effect on Sept. 24. Michael Cohen spoke to Mueller team for hours; asked about Russia, possible collusion, pardon.
Trump On Sessions: ‘I Don’t Have An Attorney General.’ Senate approves $854B spending bill. Most U.S. states lack reserves to weather next recession: S&P. Trump says he is not concerned about Manafort cooperation. EIA: US crude inventories decrease 2.1 million bbl. Oil climbs as EIA reports a 5th-straight decline in U.S. crude stockpiles.
May Cautions: Support My Brexit Deal Or Face No Deal. Trump slaps tariffs on $200 billion in Chinese goods, spares some consumer tech. U.S. trade war with China isn’t winnable, but Trump will likely claim victory anyway. Wall Street pay jumps to highest since financial crisis.
Trump Announces 10% Tariffs On $200B In Chinese Goods
U.S. imposes new $200bn tariffs on China. Trade war could become currency war depending on how China fights back.
White House under Siege
Grim warnings for White House, Republicans ahead of election. Graham: Mueller is going to be allowed to finish investigation. China is considering declining the Trump administration’s offer of trade talks. ‘Illusion’ to think states can completely prevent financial crises – Weidmann. U.S. Border Patrol agent charged in 2-week killing spree.
Trump ‘Likely’ To Announce New China Tariffs As Early As Monday: Source. Trump said to want tariffs on $200 billion of Chinese goods despite talks. The next crisis is still lurking in the financial system: ‘We never addressed the root cause.’ Trump administration to send U.S. cell phones a test alert on Thursday.
Paul Manafort Pleads Guilty, Will Cooperate With Mueller Probe. Trump said to want tariffs on $200 billion of Chinese goods despite talks. Bloomberg: Manafort’s guilty plea includes some cooperation with U.S.. Trump wants tariffs on $200 billion more Chinese goods despite talks: source. Nobel Prize winner Shiller sees ‘bad times in the stock market’ ahead. Trump ‘orders further China tariffs.’
Bob Woodward’s ‘Fear’ Sells 750,000 Copies In 1st Day, Breaks Simon & Schuster’s Pre-Order Sales Record. Kroger misses same-store sales estimates, shares fall. Oil prices fall as IEA data reveal rise in output among OPEC members. Retirees tax surprise from new law warned by IRS. There’s no way to avert the next financial crisis, warn former regulators from 2008 meltdown. UK Prime Minister May calls special meeting to discuss ‘no-deal’ Brexit. FBI Director Christopher Wray details Russia’s “information warfare” before midterms.
Washington Post: Sources Say Manafort In Talks With Prosecutors About Possible Plea. Trump will undoubtedly face impeachment, says Watergate attorney. Fed’s Brainard says an inverted yield curve won’t get in way of rate hikes. Bank ‘living wills’ won’t save financial system from a panic, Bernanke and Geithner agree.
Russia Launches Biggest Ever War Games. Oil prices climb as Iran sanctions loom; U.S. looks to prevent supply shortfall. Trump only trusts ‘much smaller’ group of aides in White House after op-ed, Donald Trump Jr. says. One million Catalans rally for independence in Barcelona. Oil rises more than 2 percent as U.S. sanctions on Iran squeeze supply. The American Petroleum Institute reportedly shows a draw of 8.64M barrels of oil for the week ended Sep. 7, vs. a draw of 1.17M barrels, the largest since early July. Report: Permian producers hedging bets in fear of pipeline shortages. Trump’s sagging approval ratings have GOP staring at worst-case scenarios for midterm elections. Government has less power now to thwart next financial crisis, says former Fed official.
Ford Not Moving Production From China To U.S., Despite Trump’s Tweet. The urgent question of Trump and money laundering. Bannon: Trump is facing a ‘coup.’ Sweden moves to the right in an election shaped by immigration. Trump official John Bolton declares International Criminal Court ‘dangerous’ and is ‘dead to’ America. Goldman bear-market risk indicator at highest since 1969: Chart. Boris Johnson says Theresa May is ‘wrapping a suicide vest around Britain’ with Brexit plan.
Bob Woodward: “People Better Wake Up To What’s Going On” In The Oval Office. Trump says he’s ready to hit China with another $267 billion in tariffs. Wall Street drops on tariff worries, with Apple in crosshairs. Trump to Apple: ‘Make your products’ in the U.S. to avoid tariffs. U.S. and China could soon prompt a ‘big slowdown’ in global growth, former bank regulator warns. Italy’s economy would struggle with ‘even a minor recession,’ former IMF director says. There’s a risk that the Fed and stock market aren’t in sync, former vice chairman warns. With Trump in crisis, Pence waits in his shadow.
China’s Record Trade Surplus With U.S. Adds Fuel To Trade War Fire. Trump ups ante on China, threatens duties on nearly all its imports. U.S. officials secretly met with Venezuelan military officers plotting a coup against Maduro. U.S. and China could soon prompt a ‘big slowdown’ in global growth, former bank regulator warns. There’s a risk that the Fed and stock market aren’t in sync, former vice chairman warns. Italy’s economy would struggle with ‘even a minor recession,’ former IMF director says.
Obama Jumps Back Into Political Fray, Calls Out Trump By Name: ‘He Is A Symptom, Not The Cause.’ U.S. adds 201,000 jobs as worker wages accelerate to nine-year high. Tesla shares plunge NINE PERCENT-after Elon Musk’s wild pot-smoking, whiskey-drinking rambling podcast and company’s top accountant quits. National Park Service edited inauguration photos after Trump, Spicer calls. Trump aants Attorney General to investigate source of anonymous Times op-ed. Wall Street drops on tariff worries, with Apple in crosshairs. ‘The EU could die’ – Macron allies fear consequences of globalist collapse, populist rise in 2019. Fed official: The fleeting impact from Trump’s stimulus is at its height right now.
Trump Demands NYT Turn Anonymous Source Over To Government ‘For National Security Purposes.’ John Kerry: ‘This is a genuine constitutional crisis.’ Trump rips searing Times op-ed from unnamed senior official. NAFTA talks make progress; U.S., Canadian officials to work into night. OPEC’s Barkindo says oil demand to hit 100 million barrels per day ‘much sooner’ than projected. Tesla bond hits record low, stock slips as investor worry deepens.
Senior Trump Official Describes Resistance Inside Administration: NY Times Op-Ed. Argentina is running out of tools to lift its plunging currency. In quick reversal, Trump threatens shutdown over border wall. Turkey begins constructing site for Russian missile system — despite U.S. warnings. French President Macron’s popularity slumps to record low in poll. Iran’s currency crashes. Shortages and fears rise.
What Exactly Has The Trump Administration Accomplished So Far? Global debt soars, along with fears of crisis ahead. Global finance ‘as vulnerable’ as in 2008: ex-ECB chief. Mueller investigation preparing to indict WikiLeaks editor Julian Assange. Mueller makes major connection, tying secret Ukrainian money to Trump inauguration. Trump Campaign aide ‘talked frequently’ with person linked to Russian intelligence.
Cafe Blast Kills Pro-Moscow Rebel Leader In East Ukraine. Mueller makes major connection, tying secret Ukrainian money to Trump inauguration. Mueller investigation preparing to indict WikiLeaks editor Julian Assange. Yemen conflict: Saudi-led coalition admits mistakes in deadly bus strike. Trump threatens to cut Canada out of trade deal with Mexico. The Ford Focus is dead in the U.S. because of Trump’s trade war. Baker Hughes: U.S. rig count up 4 to 1,048. Iran tries to save $1 billion deal with giant oil trader.
Dossier-Linked DOJ Lawyer: Steele Said Russian Intel Believed They Had Trump ‘Over a Barrel.’ Mattis could be next out of Trump’s Cabinet. Emerging-market pain is seen lasting into next year, as Argentina and Turkey lead currency crisis. Trump to skip summits with Asia leaders; Pence to attend. The cost of buying a home is rising three times faster than the cost to rent. The white hat way to protect you. The Ford Focus is dead in the U.S. because of Trump’s trade war. Nord Stream 2 construction begins in German coastal waters.
Ex-Ambassador: How Trump Has Treated Canada Is ‘The Definition Of Insanity.’ Trump says Mueller investigation is ‘illegal’, Trump-appointed Judge says he’s wrong. Iran is complying with nuclear deal restrictions – IAEA report. In secret ‘so insulting’ remarks, Trump says he isn’t compromising at all with Canada. The oil export boom Houston-Galveston exports exceed imports for the first time. U.S., Canada fail to reach a deal on rewriting NAFTA. Trump’s reported off-the-record remarks hit U.S.-Canada trade talks.