European Union

The Treasonous Secession Of Climate Confederacy States

"Like the slave-owner class, leftist elites are letting the arrogance of their wealth lead them into treason. And as they look out from their mansions and skyscrapers, they should remember that the majority of working class people in California and New York will be far less enthusiastic about fighting a war to protect their dirty investments in solar energy plants and carbon credits funded by taxes seized from many of those same people in these left-wing slave states."

Putin Offers Asylum To "Leaker" Comey

"It looks weird when the chief of a security agency records his conversation with the commander-in-chief and then hands it over to media via his friend," Putin was quoted by Russia's Tass. “This is strange. How then is the director of the FBI any different from Snowden?"

70% Of UK Supports Pushing Ahead With Brexit Despite Election Upset

Despite Prime Minister Theresa May’s embarrassing performance earlier this month in a snap election that cost her Conservative party its parliamentary 'majority', more than 70% of Britons still believe the government should push ahead with Brexit – even after the election sparked exclamations from the left for a second referendum...

Frontrunning: June 15

  • Markets Are Sliding Again (BBG)
  • Trump’s Legal Peril Deepens as Mueller Expands Scope of Probe (BBG)
  • Trump blasts report on possible obstruction of justice probe (Reuters)
  • Putin says ex-FBI head Comey gave no proof Russia meddled in U.S. election (Reuters)
  • The Fed Is Flying Blind (BBG)

EU Sues Poland, Hungary And Czech Republic For Refusing To Accept Refugees

The European Commission has launched a legal case against Poland, Hungary and the Czech Republic, for refusing to take in asylum seekers, escalating a bitter feud within the 28-nation bloc about how to deal with the Pandora's box opened up Angela Merkel's 2015 "Open Door" policy, which has since slammed shut.

Frontrunning: June 14

  • Federal Reserve Expected to Deliver Rate Increase (WSJ)
  • Fire engulfs London tower block, at least six dead, more than 50 injured (Reuters)
  • Children lost, baby thrown to safety (Reuters)
  • Democrats Accuse Sessions of ‘Stonewalling’ (BBG)
  • World stocks march on as Fed rate hike looms, dollar steady (Reuters)

Frontrunning: June 13

  • The Snowballing Power of the VIX, Wall Street’s Fear Index (WSJ)
  • Beneath the Uneasy Peace Between Donald Trump and Janet Yellen (WSJ)
  • Senators to Query Sessions on Russia, Comey (BBG)
  • U.S. lawmakers to probe Tillerson on Russia, diplomacy budget cuts (Reuters)
  • Under pressure to soften Brexit, PM May to meet Northern Irish 'kingmakers' (Reuters)

Global Markets Rebound As Tech Rout Ends; Sterling Rises

As the Fed begins its two-day meeting, global stocks have recovered their footing and European shares rise, led by a bounce in tech stocks as last Friday's global selloff that started in the sector shows signs of abating. Asian stocks and U.S. futures gain as investors turn their attention to today's Jeff Sessions testimony as well as tomorrow's barrage of macro data including Yellen, CPI and retail sales.

Frontrunning: June 12

  • Tech selloff spreads to Europe and Asia, politics lifts euro (Reuters)
  • GE Names Flannery CEO as Immelt to Step Down After 16 Years (BBG)
  • Trump to Call for Curbs on CFPB (WSJ)
  • Sessions Testimony Will Keep Attention on Russia Probe (WSJ)
  • France Is on the Verge of an Astonishing Political Transformation (BBG)