Pokemon 'No': Nintendo Suffers Worst Week In 27 Years

After admitting to investors last Friday (after the close) that they won't be able to rely on Pokemon Go to bolster profits, the company came clean this week that a widely anticipated accessory for the blockbuster app will be delayed until September. The effect is simple - Nintendo shares are down 27% this week - the worst week since Aug 1989 (when the exuberance over Super Famicom died). Thanks to this double Pokemon "no," Nintendo has lost over $14 billion of market capitalization in the last week.

Democrats Hacked Again: FBI Probing "Cyber Intrusion" At Fundraising Group

According to Reuters, the FBI is probing a "cyber intrusion" at yet another Democratic organization, this time the Democratic Congressional Campaign Committee. The previously unreported incident at the DCCC, which raises money for Democrats running for seats in the U.S. House of Representatives, is said to have been intended to gather information about Democratic donors.

DNC Grand Finale: Ladies Night, Hillary Unleashed (And Katy Perry!) - Live Feed

It's the day everyone has been waiting for - Ladies' night. The grand finale of four days of Democratic dreamery as Kary Perry takes the stage (after Barbara Mikulski - the first woman elected to the Senate). The night will be capped off by Chelsea Clinton introducing her mother - the first female nominee for President from a major party (Victoria Woodhill was first female nominee in 1872).

Japanese Bond Futures Halted Without Warning

At 2051ET, Japanese government bond futures suddenly halted trading. There was no limit moves or sudden surge in volume and the Osaka Excchange has confirmed it is investigatingthe reasons for the halt. Following the earlier flash-crash in USDJPY, one wonders just what is going on.. and what is coming?

Worlds Made By Hand: "Survival Of The Fittest Will Replace Checking In On Facebook"

"Survival of the fittest will replace checking in on Facebook from your favorite five star restaurant and posting pictures of your meal for all your friends and followers. I don’t think we’ll have an obesity epidemic in the world made by hand of the future... That the establishment disregards the warning signals is not surprising, as they live in an insular bubble reaping the riches of easy money and crony capitalism. The oligarchy is thriving in NYC, D.C. and Silicon Valley. They will take it as far as it will go until it all crashes in a heap of destruction, despair and death."

Previewing The BOJ's Decision: What Wall Street Expects Will Happen

As BBG's Vincent Cingarella says, nothing short of a Herculean effort is likely to weaken the Yen over the long-term amid speculation about what the BOJ and government stimulus will look like. Over the short-term it is a different story. Here is what Wall Street thinks The Bank of Japan will announce today.

Excerpts From Hillary Clinton's Speech

"The choice we face is just as stark when it comes to our national security. Anyone reading the news can see the threats and turbulence we face. From Baghdad and Kabul, to Nice and Paris and Brussels, to San Bernardino and Orlando, we're dealing with determined enemies that must be defeated. No wonder people are anxious and looking for reassurance -- looking for steady leadership.

Russia To US: "Sort Out Your Own Hacking Scandal; It Is Not Our Headache"

"As regards these (email) batches, that is not our headache. We never poke our noses into others' affairs and we really don't like it when people try to poke their nose into ours," he said. "The Americans needs to get to the bottom of what these emails are themselves and find out what it's all about."

Black Hope Matters

Amid Trump's reported racist fire and brimstone and a series of cop shootings in the last few weeks, confidence among black Americans has soared to three-month highs... as white Americans' comfort slides to one-month lows...

The 50 Altered States Of American Housing

“I think we can let go of the idea that if builders build more homes, then somehow homes overall will be more affordable... We have a permanent housing inflation problem that started four decades ago and will not be easily cured by dithering with the inventory of larger homes.”

USDJPY Just Flash-Crashed

As the world anxiously awaits every word from Kuroda's lips tonight, it appears liquidity just collapsed in USDJPY as the currency pair just crashed 200 pips instantly on evidently no news headline or catalyst...

David Stockman Warns "2008 Was Just Spring-Training For What Comes Next"

In effect, America has undergone a rolling national LBO since the Gipper’s time in office; so the U.S. economy is now stuck in the ditch because it has leveraged itself to the hilt over the past three decades. The vast majority of Americans are no longer living the dream because Wall Street speculators and Washington politicians alike have led them into a debt-fueled fantasy world that is coming to a dead end.

Amazon Smashes Expectations As Cloud Profits Soar; Stock Dips Then Jumps

Amazon has done it again. Moments ago Jeff Bezos' company reported Q2 earnings that blew away expectations, when it printed revenues of $30.4 billion, well above the expected $29.6 billion, up 31% Y/Y, and generating EPS of $1.78 more than 50% higher than the $1.12 expected.