"There are few things in life one can predict with certainty, but given the grave events of recent weeks, it is hard to see how deadly gunplay might be avoided at the 2016 Republican convention... Maybe it’s time for the Black President, Mr. Obama, to just come out and tell the black population that their grievances against the police are trumped up."
"We the undersigned urge you, the presumptive Republican nominee for President, to support a rebirth of free-market capitalism in the U.S. You have said repeatedly that you want to make American great again. We agree with you. And we assert that the most effective way to start that process would be to affirm your principled support for economic liberty, for open and competitive markets, and for a foreign policy that rejects both protectionism at home and interventionism abroad."
Having panciked briefly on Friday night on news of a Turkish coup, which has since not only failed but been cast away as speculation rises that it was staged and designed to give Erdogan even more authoritarian power, markets have moved on and are now focusing on the main overnight event which was the surprising $32 billion bid by Japan's SoftBank for U.K.’s semiconductor giant ARM which has sent comparable semis higher in European trading and pushing the Stoxx Europe 600 Index up by 0.6%, after surging 3.2% last week. After sliding sharply on Friday, US equity futures are up 0.1% in early trading.
The tremendous rally of the past 4 days that has sent global stocks soaring in recent days has finally been capped and European shares, S&P futures are all modestly lower following a deadly terror attack in Nice, France. Meanwhile Asian stocks rose as Chinese economic data beat estimates, with Q2 GDP rising by 0.1% more than the estimated 6.6% on the back of stronger housing data.
The hacktivist group Anonymous is now calling for nationwide Day of Rage protests on Friday, July 15th. No matter how great your empathy might be for those who have unjustly lost their lives, these protests are not safe places to be.
Michael Coscia, the first person convicted of spoofing after it was made a crime under the Dodd-Frank Act, was sentenced to three years in prison by a federal judge in Chicago. His real crime? Taking on the HFTs, and Citadel, and winning. Now he gets to spend 3 years in prison thinking about it. And let that be a lesson to anyone else out there who dares to do the same.
Having promised the world more "Sceret Master Plan" smoke and mirrors in a tweet, P.T.Musk now faces an SEC probe for possible securities law breach after Tesla failed to notify investors of the recent autopilot accident, according to The Wall Street Journal. The stock is sliding modestly after-hours...
A police officer was shot in the left arm and finger after shots were fired at the Berrien County Courthouse in St. Joseph, Michigan, according to local news outlets. According to media reports, at least 4 people have been shot with unconfirmed reports of 3 casualties.
With the key event of the week flying largely under the radar, which as previewed here last week was Bernanke's visit to Japan which has already led to another global market spike, here are the rest of the week's events.
War games and nuclear policy perpetuated by the Obama administration are “fueling growing tensions” with Russia and putting the world at risk of a nuclear war, according to an official nonpartisan organization consisting of 1,407 mayors and other leaders of cities with 30,000 or more inhabitants.
"I'm just waiting for the government to do the right thing," he says. "Not just for me, but for everyone in this same situation. The government shouldn't have taken our money, and they need to give it back."