Reuters

Celebrity Lives Matter... More

When it comes to terror attacks, we now know that #CelebrityLivesMatter. A lot. Specifically, some Nice residents expressed concern that U2 frontman Bono and other celebrities dining a half mile away from the scene of the recent terror attack received special treatment. If you think the National Front can’t win in next year’s election, think again.

Treasuries Will Tell You All You Need To Know

Even with the S&P 500 hovering at all time highs and currencies moving all over the place, Bloomberg's Richard Breslow says the only asset class that is dispositive right now is bonds.

China Warns US Patrols In South China Sea Could End In "Disaster" As It Launches Navy Drills

Less than a week after a Hague tribunal found that China has no territorial rights in the South China Sea, contrary to Beijing's "Nine Dash Line" claims, China has made it abundantly clear that it will no comply with the ruling when overnight a senior Chinese admiral said that Freedom of navigation patrols carried out by foreign navies in the South China Sea could end "in disaster" while also announcing the unexpected start of navy drills in the contested waters, in the most direct warning to the United States yet.

Erdogan Purges 20,000 As Europe Voices Concern Coup Was Staged With "Prepared Arrest Lists"

Overnight Turkish president Erdogan's counter-coup witch hunt continued, when thousands of police officers were suspended on Monday, widening a systemic purge of Erdogan's enemies first in the armed forces and then judiciary after a failed military coup, now focusing on the interior police force, and raising concern among European allies that it was abandoning the rule of law. Turkey's state-run news agency says the nation has detained or suspended 20,000 personnel across the country, following Friday's foiled coup attempt.

John Kerry Threatens Turkey With NATO Expulsion

“NATO also has a requirement with respect to democracy and NATO will indeed measure very carefully what is happening,” Kerry tells reporters in Brussels after attending a meeting of European Union foreign ministers "My hope is that Turkey is going to move in ways that do respect what they have said to me many times is the bedrock of their country."

Frontrunning: July 18

  • Global stocks rise on SoftBank bid for ARM, dollar up vs yen after Turkey crushes coup (Reuters)
  • U.S. backs justice for coup plotters but urges Turkey to keep rule of law (Reuters)
  • Law and Order Will Be a Big Republican Convention Them (WSJ)
  • SoftBank to buy UK chip designer ARM in $32 billion cash deal (Reuters)
  • Rate-starved U.S. banks happily gobble mortgage business (Reuters)

"Why They Didn't Fire Is A Mystery" - Coup Pilots Had Erdogan's Plane In Their Sights And Did Nothing

At the height of the attempt to overthrow Turkish President Tayyip Erdogan, the rebel pilots of two F-16 fighter jets had Erdogan's plane in their sights. And yet he was able to fly on. "At least two F-16s harassed Erdogan's plane while it was in the air and en route to Istanbul. They locked their radars on his plane and on two other F-16s protecting him. Why they didn't fire is a mystery."

Cleveland Cop Responds To Baton Rouge Shooting: "Obama Has Blood On His Hands"

"It's absolutely insane that we have a president of the United States and a governor of Minnesota making the statements they made less than one day after the police-involved shootings," said an emotional Cleveland Detective Steve Loomis. "How the hell did we ever become the bad guys in this country? I cannot imagine how we got here. It's the irresponsible reporting of the media. And the irresponsible statements of people that are credible like the president of the United States."

John Kerry Blasts Turkey For Accusing US Of Orchestrating Failed Coup, Admits US Had No Idea It Was Coming

US Secretary of State John Kerry blasted Turkish public claims suggesting that American officials masterminded the failed coup attempt in Turkey, and warned its NATO ally that public suggestions of a U.S. role in the plot were "utterly false" and harmful to relations.  "Public insinuations or claims about any role by the United States in the failed coup attempt are utterly false and harmful to our bilateral relations."