Reuters

Frontrunning: March 14

  • U.S. East Coast Braces for Late-Winter Blizzard (WSJ)
  • U.S. Blizzard Grounds Flights, Raises Power as Trump Tweets (BBG)
  • Debt Ceiling Fight May Be Too Tempting for Trump to Pass Up (BBG)
  • Russia appears to deploy forces in Egypt, eyes on Libya role (Reuters)
  • EU headscarf ban ruling sparks faith group backlash (Reuters)

North Korea Threatens US With "Merciless Strikes" As US Carrier Arrives

"If they infringe on the DPRK's sovereignty and dignity even a bit, its army will launch merciless ultra-precision strikes from ground, air, sea and underwater," the North's state news agency KCNA adding that "on March 11 alone, many enemy carrier-based aircraft flew along a course near territorial air and waters of the DPRK to stage drills of dropping bombs."

Global Stocks Drop Ahead Of Fed Rate Decision; Dollar Rises As Sterling Tumbles

European stocks declined for first session in five ahead of Wednesday's Dutch elections and Fed rate hike announcement. Fed concerns also dragged down Asian shares and S&P futures, while the dollar rose. Crude oil has ended its six-day drop. The pound tumbled 0.8% to the lowest since mid-January in a delayed reaction after Theresa May won permission to trigger the country’s departure from the EU.

CBO: 24 Million Would Lose Health Insurance Under GOP Bill By 2026

  • 14 million would lose insurance by 2018, with the number risin to 24 million by 2026.
  • The budget deficit would be reduced by $337 billion over 10 years.
  • Premiums would rise by 15-20% in 2018-2019, however they would then decline by 10% than under current law by 2026.

Ackman Capitulates: Sells Entire Valeant Stake; Stock Tumbles

Valeant shares plunged after the close after CNBC's David Faber first reported that Pershing Square's Bill Ackman had liquidated his entire stake, and has effectively resigned from the board, saying he won't stand for re-election. According to Bloomberg, Pershing Square is offering 27.23 million shares via Jefferies, at a price of $11.10-$11.40.

"Nazi Dogs": Turkey Prepares Sanctions Against The Netherlands

The Turkish cabinet was on Monday expected to consider imposing sanctions on the Netherlands in a deepening row with its NATO ally over a ban on its ministers speaking at political events in Rotterdam, and one minister said punitive measures were likely.

GoldCore's picture

Blockchain and gold will likely make a “good team”, but they’re not ready yet. RCM and GoldMoney blockchain product asks you to trust in government and the technology, servers, IT, websites etc of the providers

Frontrunning: March 13

  • Oil touches three-month lows, as U.S. supply swells (Reuters)
  • Oil Steadies Below $49 as U.S. Drilling Threatens Longer Glut (BBG)
  • Traders Brace as Crucial Events Loom for Markets (WSJ)
  • Preet Bharara’s Probes Likely to Continue After His Exit (WSJ)
  • Dollar steadies after three-day fall (Reuters)
  • GOP Health Plan Would Hit Rural Areas Hard (WSJ)

Sturgeon To Give May An "Ultimatum" As UK Preapres For Critical Vote Ahead Of Article 50

On Monday the Brexit bill returns to the House of Commons, for debate after the House of Lords. The final bill must be approved by both houses. Should the bill pass Monday, the government could invoke Article 50 as early as Tuesday. Meanwhile BBC reports that Scotland's Nicola Sturgeon will give PM an ultimatum - give Scotland a different Brexit deal or she'll call for section 30, launhing another indepence referendum.

Saudi Crown Prince Flies To Washington To Meet With Donald Trump

Saudi Deputy Crown Prince, Mohammed bin Salman, responsible for the kingdom's reforms, left on Monday for Washington to meet President Donald Trump on a visit expected to pitch the world's top oil exporter as an attractive investment destination. It will be the first meeting since Trump took office in January between the U.S. President and the prince who is next in line to lead Saudi Arabia.

50 Million Americans Brace For "Crippling Blizzard" In Northeast

A major Nor'easter threatens to shut down travel due to heavy snow and strong winds from Washington, D.C., to New York City and Boston early this week, as weather forecasters on Sunday put the U.S. East Coast on a blizzard watch, warning some 50 million people of potential snowfall from 12 to 18 inches, coupled with wind blasts in some areas from Monday night into Wednesday.