Top Economic News

 

How Italian turmoil could spark a domino effect across Europe.
Trump to meet advisers to discuss tariffs on China.
Chinese industrial output fell to 6.8% from 7.0%.
Chinese retail sales fell to 8.5% from 9.4% in April.
Chinese Banks are still in trouble.
OPEC to meet with Shale producers (smells like collusion).
Justice Department watchdog to release a report on the FBI decisions on Clinton probe.
Elon Musk's boring company won a bid for an express train to the airport from Chicago downtown.
Italy will not ratify the free-trade treaty with Canada.

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The Fed is hiking today but here is what else you need to know.
The Permian Basin will soon pump enough oil to outmatch every nations except Russia and Saudi Arabia.
Merkel cites US service surplus with the US.
Paul Ryan will advance two competing immigration bill to the full House of Representatives next week.
North America will host the World cup in 2026.

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The full text of what Kim and Trump signed.
Mattis suggests US troop level in Korea is not on the agenda.
China suggests an easing of sanctions on North Korea.
Looking at the trade imbalance through aggregate sales.
If you supply parts to the iPhone, there are two ways to mitigate the risk of Apple Inc.
Trump says he'd like a real deal with Iran.
Trump said Trudeau's comments are going to be costly.
Five states hold primaries today.
Saudi oil output increasing.

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Fed fights for control of its key interest rate.
What you should know abuot the US/North Korean Summit.
Pompeo says sanctions to remain in place until North Korea de-nuclearizes.
The Canadian dollar is under pressure post G-7.
UK manufacturing data disappoints.
Merkel is all for a US-Russian summit.
German Transport Minister Andreas Scheuer will try to establish how many Mercedes diesel models were fitted with devices to cheat emissions tests.
The Mexican trade minister calls for flexibility in reworking NAFTA.

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Trump reminds Trudeau about the tariffs on US dairy products.
Canada's trade policy on dairy products.
Bernanke says US faces an issue in 2020.
Italy Inc. is sleepwalking into an ambush.
Austria to shut down mosques and expel foreign funded Imams.
Apple warns of a slowdown.
US Authorities will hold immigration detainees in Federal Prisons.
China's "Great" wall of maturities.
ZTE to pay a $1B fine to the US.
Russia plays an important role in the Korean negotiations.
China wants denuclearization and the US out of South Korea.
 

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Next week's onslaught of Tier 1 market events.
Fed will not be derailed by emerging markets.
Economy is in the 6th inning with bases juiced and the meat of the order coming up.
Oil patch can't find enough workers.
Asia crisis veteran says this selloff is different (it never really is).
US presidental pardon history.

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China bending.
ZTE signs in principle with US.
World bear market would likely start in the Euro zone
EU members have given broad support to set a 25% tariff on ~$3B of US exports.
Trump continues to move toward a summit with North Korea.
Job vacancies outpace those looking.
Want a job, go to Houston.
US prices to rise at twice the speed of inflation.

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Markit US Services PMI (exp 55.7 v. 55.7 prior) 0845 hrs cst.
Markit US Composite PMI (exp TBa v. 55.7 prior) 0845 hrs cst.
Jolts Job Openings (exp 6350 v. 6550) 0900 hrs cst.
ISM Non-Manufacturing Composite (exp 57.6 v. 56.8 prior) 0900 hrs cst.
4-week bill auction ($40b) 

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The initial impact of tariffs will be limited.
Mexico lays out tariffs on the US.
​The Swiss will vote on the fractional Lending.
Iran to inform the IAEA of a start of process to boost uranium enrichment capacity.
The US is considering sending a warship through the Taiwan Strait.
The Pentagon's not so secret plant to develop AI driven sytems to protect the US.

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We still have a few days to avid an escalation.
US and China need a new trade framework.
The US is set to open the American Institute in Taiwan.
North Korea shakes up the top military brass.
Russia invites North Korean Kim Jong Un to visit.
Crude oil widening spread between WTI and Brent is a bullish signal?
Japan looks to launch a driverless car system in Tokyo by 2020.

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