Exxon

Frontrunning: July 21

  • Euro surge to two-year high prompts stocks pause (Reuters)
  • Short Sellers Give Up as Stocks Run to New Records (WSJ)
  • U.S. toughens stance on foreign deals in blow to China's buying spree (Reuters)
  • Trump team seeks to control, block Mueller’s Russia investigation (WaPo)
  • Trump Would Set Off a Chain Reaction by Trying to Fire Mueller (BBG)

Tillerson Flies To Gulf To Resolve Qatar Crisis As Ties Emerge Between Kushner And Qatar's Richest Man

In the latest US attempt to mediate and resolve the Qatar crisis, Secretary of State Rex Tillerson flew to the Gulf on Monday for talks aimed at ending the standoff between a coalition of Arab states led by Saudi Arabia and the wealthy nat gas exporter, just hours before The Intercept reported that Jared Kushner tried and failed to get a half-billion dollar bailout from Qatar's richest man.

Furious Qatar Balks At Saudi Ultimatum As UAE Warns Of "Parting Of Ways"

"This list of demands confirms what Qatar has said from the beginning – the illegal blockade has nothing to do with combating terrorism, it is about limiting Qatar’s sovereignty, and outsourcing our foreign policy” said the director of Qatar’s government communications office.

Europe Slides For Third Day As Oil Attempts A Rebound; US Futures Flat

US equity futures were marginally in the red, while Asian markets rose and European stocks dropped. WTI oil rose 0.61% to $42.79 as some suggest the time to go long has arrived; oil tumbled 2.3% in the previous session. The Bloomberg Dollar Spot Index fell 0.1 percent.

Trump Cornered: White House Pushing To Weaken Russia Sanctions Bill

After the Senate overwhelmingly passed a bill to implement new sanctions against Russia over "interference in the 2016 U.S. elections" and curbs President Trump’s power to ease penalties against Moscow in the future - without consultations with US allies in Europe -  President Trump has found himself cornered in what appears to be a lose-lose position.

Frontrunning: June 1

  • Trump Expected to Withdraw From Climate Deal Today (WSJ)
  • Saudi-Russia detente heralds new oil order (Reuters)
  • Uber Posts $708 Million Loss as Finance Head Leaves (WSJ)
  • Fearing Trump's next move, liberals urge Supreme Court conservative Kennedy to stay (Reuters)
  • Trump, after House panel subpoenas, backs efforts to probe Obama administration (Reuters)
  • Trump ‘Self-Help’ Infrastructure Plan Irks State, Local Leaders (BBG)