"Ask Donald Trump Anything": Reddit Begins AMA Session With Presidential Candidate

While the Democratic Convention is warming up ahead of tonight's headline speakers, including Tim Kaine, Joe Biden and president Obama, Donald Trump is set to host an “Ask Me Anything” question-and-answer session on a Reddit board run by and for his supporters. The “Ask Me Anything,” or AMA, will be held Wednesday evening, starting at 7:00pm.

Why A "Dollar" Should Only Be A Name For A Unit Of Gold

"A general acceptance of the principles of the flexible standard must therefore result in a race between the nations to outbid one another. At the end of this competition is the complete destruction of all nations’ monetary systems."

Facebook Soars After Smashing Expectations: The Quarter In Charts

So much for any worries about FANGs rolling over. After yesterday's modest AAPL beat which nonetheless resulted in one of the biggest intraday jumps in its stock in history, moments ago Facebook reported results which simply crushed expectations. The street was expecting $6.01 billion in revenue and EPS of $0.82. Instead it got $6.44 billion - 84% of which came from mobile - and EPS of $0.97 cents.

DNC Day 3: Bloomberg, Biden, BlackLivesMatter, & Obama - Live Feed

With Donald Trump stealing the headlines once again, amid surging poll numbers, the Clinton campaign will unleash its entirely non-divisive racial equality platform tonight with Jesse Jackson and the Congressional Black Caucus putting everyone straight. Billionaire Mike Bloomberg, VP Biden and VP-hopeful Kaine are also speaking, but today's headliner, closing out the night, is the economic-climate-change-denier-in-chief himself - President Barack Obama.

One Reader's Reaction To Bill Clinton's Speech: "A Harlequin Romance Novel"

Donald Trump, perhaps unsurprisingly, was among the first to criticize former President Bill Clinton's speech at the Democratic National Convention last night, saying he left out "the most interesting chapter." As one eloquent Zero Hedge reader pinpointed: "That anyone still sees Bill’s performance art as sincere is proof of the gullibility of the Democratic electorate. He ‘admires and respects’ Hillary, yet he schtupped anything without a Y chromosome in the Oval Office."

"This One Is Very Surprising" - US Luxury Rental Market Turmoiling As EQR Cuts Guidance For 3rd Time

Those who still assume that US high-paying jobs are doing just fine, the following disclosure from EQR will be disturbing: San Francisco and New York, which account for half of Equity Residential’s projected revenue growth, are seeing a slowdown in hiring for jobs that pay enough to enable renters to afford the new luxury-apartment supply coming in those cities." As Mizuho said "this one is very surprising to us."

Is This How Trump Will Build The Wall Cost-Effectively?

Advocates of minimum wage hikes, should take notice of a company that just went public in Australia. The company is called Fastbrick Robotics and its Hadrian 105 robot can perform the equivalent of a full days work for a human bricklayer in about 2 hours.

Goldman Raises September Rate Hike Odds To 30%, Sees 70% Probability Of Another Hike in 2016

In the absence of Jon Hilsenrath, whose "post-Fed-Mortem" is strangely missing today from the WSJ (although we haven't checked the ultra exclusive WSJ Pro), here is Goldman's assessment, which considering who makes NY Fed policy, is even more appropriate. According to Goldman, after parsing the Fed statement, September odds have risen to 30% (from 25%), while December incremental rate odds are 40%, "implying a roughly 70% probability of at least one rate increase this year."

How Facebook "Accidentally" Blocked DNC Email Leak Scandal

Once again, the impartiality of Facebook’s news feature is being called into question. This time, the social network claims itaccidentally obstructed all links to the leaked Democratic National Committee emails published by Wikileaks just ahead of the party’s convention.

How Citi Is Trading The Fed's "Mildly Hawkish" Statement

"Best to trade long USD against the USD-bloc, our favorite being long USDCAD. Also EURUSD and GBPUSD to weaken - USDJPY might be a bit mixed until Friday. The market is likely to continue bias long-USD into NFP (which is still a week away), but given the trend in jobless claims, its hard not to have "some" positive expectations for next Friday."

Un-Dovish Fed Stays On Hold, Upgrades Economy, Suggests "Risks Have Diminished", George Dissents

Following the longest streak of positive economic surprise in history, the stability of China, the Brexit non-event, and equity market record highs, it is perhaps no surprise that The Fed - once again - punted its decision to hike rates, although it made it clear that a rate hike is far closer than the market expects by adding language that "near-term risks to the economic outlook have diminished."

Bridgewater's Culture Of "Probing" - Sex Scandal Strikes World's Largest Hedge Fund

Employee files sexual harrassment complaint where Bridgewater is described as a  “cauldron of fear and intimidation" where employees are exposed to constant video surveillance and encounters with patrolling security guards that "silence" employees who do not fit the Bridgewater mold. In light of these new developments, we're left wondering which particular "values" Comey carried with him to the FBI and exactly how far he "spread" them within the organization.

The Key Thing To Watch For In Today's FOMC Statement

The Fed is expected to stay on hold today. Given the Fed’s dovish reaction to the weak May employment report, SocGen expects that officials are likely to be reluctant to commit to any particular path just yet (despite the longest streak of economically positive surprise in US history). In the absence of any signal regarding the next hike, attention will fall on their characterization of the economy. Here are five things to watch in the statement...