Reuters

For The First Time, Russian Strategic Bombers Strike ISIS From Iran's Hamadan Air Base

Russian strategic bombers with full payloads delivered their first airstrikes on terrorist targets in Syria operating from an Iranian airbase, the Russian Defence Ministry said, after Moscow deployed Russian aircraft to an Iranian air force base to widen its campaign in Syria. This was the first time that Russia has struck targets inside Syria from Iran since it launched a bombing campaign to support Syrian President Bashar al-Assad in September last year.

Tumbling Dollar Sends USDJPY Under 100, Oil Over $46 As Gold Spikes; Futures Flat

Overnight, John Williams' latest uberdovish paper "Monetary Policy in a Low R-star World", which we profiled yesterday, and which suggests lower rates for far longer, made the rounds and has led to a steep 0.8% drop in the Bloomberg Dollar spot Index, which sank to its weakest since June while the yen strengthened 1.2 percent, slipping briefly below 100 against the greenback for the first time since June 24, pushing oil and gold higher, and Asian shares lower.

Obama Ships 15 Guantanamo Prisoners To Emirates In Largest Ever Gitmo Inmate Transfer

In the latest move set to infuriate Republicans, moments ago U.S. officials announced that on Monday, 15 inmates from the Guantanamo prison were transferred to the United Arab Emirates, the single largest transfer of Guantanamo detainees during Obama's administration. Following the transfer of the 12 Yemeni and three Afghan citizens, the total number of detainees at Guantanamo Bay naval base will drop to 61. Most have been held without charge or trial for more than a decade, drawing international condemnation.

Fed's Williams Calls For An Overhaul Of Monetary And Fiscal Policy... But There Is A Problem

According to John Williams, central banks and governments must come up with new monetary and fiscal policies to kickstart a global economy which is barely growing (thanks to 7 years of flawed monetary policy). "We can wait for the next storm and hope for better outcomes or prepare for them now and be ready." As a result, Williams believes that a major fiscal stimulus thrust is now critical to propel the US economy higher. And he is, mostly, right. There is just one problem...

Saudi Airstrike Kills 7 At Yemen Hospital Run By Doctors Without Borders

Many have forgotten that as US and Russian forces battle the Islamic State, a few hundred kilometers away, Saudi Arabia continues to wage war in Yemen, which is where earlier today a Saudi-led coalition air strike hit a hospital run by Doctors Without Borders (MSF) in the northern Hajja province in Yemen, killing at least seven people and wounding 13.

One Person Shot, Officer Injured In Second Night Of Milwaukee Violence Despite State Of Emergency

Despite Wisconsin Gov. Scott Walker declaring a state of emergency in Milwaukee on Sunday and activating the state’s National Guard a day after riots and looting erupted in the city spurred by the fatal police shooting of an armed man following a traffic stop, the violence flared again on Sunday night, with one person shot, a police officer injured and objects hurled during the protest early Monday, police said.

Frontrunning: August 15

  • China shares hit seven-month high; world yields keep falling (Reuters)
  • Dollar pinned down by easing Fed rate hike expectations (Reuters)
  • Russia says oil market talks with Saudi developing (Reuters)
  • Secret Ledger in Ukraine Lists Cash for Donald Trump’s Campaign Chief (NYT)
  • The No-Pivot Election: Clinton and Trump Make No Policy Concessions (BBG)

New York Uses Record Electricity As City Melts Under Unprecedented Heatwave

Con Ed broke a new record for weekend New York City electricity consumption at 1 p.m. Saturday, with a record 11,664 megawatts of electricity usage, as a result of a heatwave gripping the Tri-State area over the weekend, with the temperature at JFK airport hitting a high of 95F degrees, setting a new daily record and eclipsing the old record high of 93F set in 2003. When accounting for humidity, the heat index rose to as high as 105 to 110 degrees in some spots.

US Olympic Gold Medalist Ryan Lochte Robbed At Gunpoint In Rio

Following conflicting reports,  including the IOC denying any incident took place,  Lochte himself confirmed with TODAY's Billy Bush that he and the other swimmers were robbed at gunpoint. "We got pulled over, in the taxi, and these guys came out with a badge, a police badge, no lights, no nothing just a police badge and they pulled us over," Lochte said. "They pulled out their guns, they told the other swimmers to get down on the ground — they got down on the ground."