Moody's Warns Deutsche Bank Is Dangerously Close To Falling Below Its "Default Point"

Moody’s Capital Markets Research issued a damning verdict on Deutsche Bank earlier this week. In a research report put together by the credit agency’s ‘Analytics’ research division, Moody’s analysts write that Deutsche Bank expected default frequency remains at one of the highest levels in the banking industry, despite the bank’s efforts to shore up its capital position.

Philippines' Duterte Says God Told Him To Stop Cursing

While flying home from Japan, Duterte said "I was looking at the skies while I was coming over here ... a voice said that, 'you know, if you don't stop epithets, I will bring this plane down now'," and added "I said, 'who is this?' So, of course, it's God. OK. "So, I promise God ... not to express slang, cuss words and everything."

US State Department Threatens "Consequences" For Syrian Chemical Weapons Use; Russia "Unconvinced" By UN Report

If cyber-attacks are not enough to get the American people behind war with Russia, then the State Department has gone back to its old playbook. Following the release of a UN report which concluded the Syrian government used chemical weapons on its own people, Washington warns that countries that continue to shield the Assad regime will face consequences. The Russians disagree with the UN findings, "we believe that the proof is not there for any punitive action to be taken. It's simply not there."

Podesta Part 21: Wikileaks Releases Another 1,400 Emails; Total Is Now 35,594

With just days to go until the November 8 presidential election, the final countdown is now on, and Wikileaks continues its ongoing Podesta dump by unveiling another 1400+ emails in the latest Part 21 of its Podesta release, bringing the total emails released so far to exactly 35,594, leaving just 30% of the total dump left to go.

Q3 GDP Jumps 2.9% On Rise In Inventory And Exports, Offset By Weak Consumption And Investment

For once it appears that the Atlanta Fed, with its 2.1% Q3 GDP nowcast was overly pessimistic, and moments ago the BEA reported that in the third quarter, US GDP increased at an annual rate of 2.9%  according to the first "advance" estimate released up more than double from the Q2 real GDP of 1.4%, and beating Wall Street consensus of a 2.6% rise in the quarter.

In "Shocking Defeat" For Prosecutors, Anti-Government Militant Leader Ammon Bundy And Six Followers Acquited

A federal court jury delivered a shocking verdict on Thursday by acquitting anti-government militant leader Ammon Bundy and six followers of conspiracy charges from their role in the armed takeover of a wildlife center in Oregon earlier this year. The outcome marked a "stinging defeat" for federal prosecutors in a trial the defendants sought to turn into a pulpit for airing their opposition to U.S. government.

Frontrunning: October 28

  • European Stocks Fall on Earnings as Bond Rout Eases; Metals Rise (BBG)
  • Wall Street’s Frantic Push to Hire Coders (BBG)
  • In Germany, Syrians find mosques too conservative (Reuters)
  • Oregon militants acquitted of conspiracy in wildlife refuge seizure (Reuters)
  • Some Cities Want Their Immigrants to Vote (BBG)
  • Americans Are Dying Faster. Millennials, Too (BBG)

Secretary Of State Joe Biden?

Hillary Clinton is considering tapping Vice President Joe Biden as secretary of State should she win in November. "He'd be great, and they are spending a lot of time figuring out the best way to try to persuade him to do it if she wins," a source familiar with the transition team’s plans told Politico.

Global Stocks Drop On Poor Earnings, Bond "Bloodbath" Ahead Of US Q3 GDP

S&P futures and Asian stocks were little changed while European shares fell as the global bonds sell-off deepened on speculation major central banks are moving closer to reining in stimulus, while stocks retreated after disappointing results from companies including and AB InBev.

Pound Tumbles After UK Government Wins Brexit Suit In Northern Ireland Court

Moments ago sterling did what it has been doing so well these past few months, it tumbled by as much as 50 pips after a Northern Irish judge rejected a pair of challenges to the Brexit process, removing at least one obstacle to Prime Minister Theresa May’s plan to begin severing ties with the European Union by the end of March.