Reuters

President Obama To Explain How He Just Thwarted The World's Greatest Threat - Live Feed

The world will sleep better tonight as President Obama has achieved the impossible - thwarted the world's greatest threat. With today's ratification of The Paris Climate Accord - passing a threshold among European nations - the scourge of global warming has met its match. Obama needs a win for his legacy... and a distraction... So cue victory lap.

Iraq Warns Of "Regional War" If Turkey Does Not Withdraw Troops

With much of the public's attention in recent weeks focused on the escalation between the US and Russia over the nearly 6-year-old proxy war in Syria, a reminder that middle-east tensions include virtually all other neighboring countries, came from Iraq's prime minister who on Wednesday warned Turkey that it risked triggering a regional war by keeping troops in his territory.

As WTI Nears $50, Is The Oil Price War Finally Over?

“This is the end of the production war – OPEC claims victory!” cheered Phil Flynn, an analyst at Price Futures Group in Chicago. He told Reuters, “The cartel proved that it still matters, even in the age of shale.” It’s more likely, however, a reluctant acknowledgement of a very simple truth – Saudi Arabia’s oil policy isn’t working.

Frontrunning: October 5

  • ECB 'taper' talk hits stocks, sterling hits 31-year low (Reuters)
  • Crude Rises to Three-Month High After U.S. Stockpiles Plunge (BBG)
  • Gross Says He Shortened Duration on Europe After Taper News (BBG)
  • Chicago Fed's Evans 'fine' with December hike if data stays firm (Reuters)
  • Euro zone business growth at 21-month low in September (Reuters)
  • Deutsche Bank Brings Too-Big-to-Fail Quandary Home to Merkel (BBG)

Gundlach: "Deutsche Bank Will Be Bailed Out But What About Credit Suisse"

While Germany's largest lender would ultimately be rescued by the German government if needed, other banks in the region wouldn’t be able to count on such support, Gundlach said. “Deutsche Bank will be supported by Germany if push comes to shove, but what about Credit Suisse, which has shown a similar decline in stock price? Who’s there to bail them out?”

US Considering Air Strikes On Assad Regime After Top General Warns It Could Lead To War With Russia

US military strikes against the Assad regime will be back on the table Wednesday at the White House, when top national security officials in the Obama administration are set to discuss options for the way forward in Syria. One proposed approach is to strike the Assad regime without a U.N. Security Council resolution would be to carry out the strikes covertly and without public acknowledgment, the official said.

Philippine President Tells Obama "You Can Go To Hell, I Will Buy Weapons From Russia"

Philippine leader Rodrigo Duterte on Tuesday told U.S. President Barack Obama to "go to hell" and said the United States had refused to sell some weapons to his country but he did not care because Russia and China were willing suppliers. He also lashed out at the EU advising it to "better choose purgatory. Hell is full already. Why should I be afraid of you?"