It appears 'The Deep State' has been spotted. newly released FBI documents discuss "a group of very high-ranking officials that some referred to as ‘The 7th Floor Group’ or "The Shadow Government." According to the FBI probe, “[t]his group met every Wednesday afternoon to discuss the FOIA process, Congressional records, and everything CLINTON-related to FOIA/Congressional inquiries.”
Among the Podesta emails released today, one of the more interesting disclosures comes from a March 17 email from John Podesta to email@example.com, aka Hillary Clinton, which laid out a list of potential Vice Presidential nominees for Hillary. The list of 39 names, "organized in rough food groups,” with regard to their gender, race or career; includes some interesting names...
The most anticipated bond sale of the year has officially started, with Saudi Arabia seeking to sell between $10 and $15 billion in three tranches, a 5Y, 10Y and 30Y offering. Pricing is expected to take place tomorrow, Oct. 19; with the books set to close at 5pm in NYT on Tuesday October 15. Tentative pricing will be as follows:
Consumer Price rises broadly met expectations across the board with headline CPI jumping from +1.1% YoY to +1.5% YoY - the highest since Oct 2014. Core CPI (at +2.2% YoY) has now run 11 straight months above The Fed's mandated 2% inflation target. Once again prescription drug costs rose notably but 'Shelter', 'Rent', and 'Gasoline' costs surged.
The daily dump continues. In the now traditional daily routine, one which forces the Clinton campaign to resort to ever more stark sexual scandals involving Trump to provide a media distraction, moments ago Wikileaks released yet another 1,894 emails in Part 11 of its ongoing Podesta Email dump, which brings the total number of released emails to 17,150.
there was little concern that Goldman - the pure-play trading powerhouse (at least until the recent launch of a retail lending and deposit operation) would likewise surpass Wall Street's expectations, and moments ago that was confirmed when Goldman reported EPS of $4.88, smashing expectations of $3.86, as profit jumped 47% from a year ago to $2.1 billion. The profit beat was driven by a 19% spike in revenue which rose from $6.9 billion to $8.2 billion, beating consensus estimates of $7.6 billion.
Shortly after sterling fell to a six year low against the euro, sliding below 1.10 or depths not seen since the March 2010 depths of the European debt crisis, the British currency found a modest respite after comments from a UK government lawyer put Theresa May's "hard Brexit" plans in flux after stating that it is likely that the Brexit treaty will have to be voted on by both houses.
To give readers a sense of what the fight for Mosul looks like on the ground, here is dramatic first-person footage from a Peshmerga soldier, courtesy of Rudaw English, showing the intensity of the fight for the biggest ISIS stronghold in Iraq.
If yesterday's session was marked by concerns about Fed tightening and rising long-end rates, today concerns about a hawkish Fed have subsided, with European, Asian stocks and S&P futures all rising amid speculation Federal Reserve policy will remain accommodative after yesterday's dovish comments by Fed vice-Chair Stan Fischer, as well as weak economic data helped push the US Dollar off its 7 month highs.
"Anti-global sentiment has been the loudest message of the current presidential campaign in the US. The most likely origin has been a buildup a buildup of discontent due to failure to develop a convincing response to economic slowdown in the last years. This has recently emerged as the main theme of public discourse. Current presidential campaign has highlighted to what extent the Change is as necessary as it is politically impossible."
A Swedish prosecutor has ruled that the ISIS flag does not constitute hate speech and is therefore legal under Swedish law. Prosecutor Gisela Sjövall announced last week that she would not prosecute a 23-year-old man who had posted the black ISIS flag on his Facebook page in June. "Put simply, one can say that he is expressing contempt for “all others”, and not against a specific ethnic group."