Oklahoma

The Key Thing To Watch For In Today's FOMC Statement

The Fed is expected to stay on hold today. Given the Fed’s dovish reaction to the weak May employment report, SocGen expects that officials are likely to be reluctant to commit to any particular path just yet (despite the longest streak of economically positive surprise in US history). In the absence of any signal regarding the next hike, attention will fall on their characterization of the economy. Here are five things to watch in the statement...

US Futures, Global Markets Storm Higher As More Details Emerge About Japan's "Helicopter Money"

The global meltup continues with the S&P set to open at new all time highs, some 20 points higher from yesterday's close, however the driver for the latest rally is not so much the imminent BOE announcement which is expected to cut rates by 25 bps from 0.50%, but a dramatic surge in the USDJPY just after 1am Eastern when Bloomberg revealed more details about Ben Bernanke's masterplan for Japan's helicopter money.

Nomi Prins: Trump Wins (Even If He Loses)

Early on in his presidential bid, Donald Trump began touting his anti-establishment credentials. When it worked, he ran with it. It was a posture that proved pure gold in the Republican primaries, and was even, in one sense, true. After all, he’d never been part of the political establishment nor held public office, nor had any of his family members or wives. His actual relationship to the establishment is, however, complex in an opportunistic way.

 

Sanders To Back Clinton, Trump May Announce VP In Coming Days

Tomorrow Hillary Clinton will be speaking in New Hampshire and she will be joined by Bernie Sanders. Expectations are for Sanders to endorse Hillary as we inch closer to election time. The support from Sanders is expected to be on the common ground of improving America (whatever that means). Additionally, Donald Trump said Monday that he expects to decide on his vice presidential pick by the end of the week and that he is leaning toward a "political" pick rather than a "military" one.

Coal Production Collapses To 35-Year Low

Coal production in the first three months of 2016 was 173 million short tons, the lowest quarterly level in the United States since a major coal strike in the second quarter of 1981.

Mapping The Cost Of "Sin" Across America

As spring heads into summer across the United States, many Americans may be enjoying a frosty adult beverage. And associated with the purchase of that alcohol, Americans will pay a hefty tax. The taxes collected from so-called sin taxes serve as a major source of revenue for some states. Sin taxes can cover activities from tobacco and alcohol to casino and racing gambling. States collected over $32 billion in sin taxes in 2014.... but which state pays the most for "sin"

Largest US Health Insurer Exits California, Illinois Obamacare Markets

Earlier today, UnitedHealthcare continued sounding the deathknell for Obamacare , when it first announced that it would stop offering Affordable Care Act plans in Illinois in 2017 followed promptly by news the company was also abandoning California at the end of the year as well.

"We Will Fight This All The Way To The Supreme Court" - 11 States Sue Obama Over Transgender Bathrooms

Officials from 11 U.S. states sued the Obama administration on Wednesday to overturn a directive telling schools to let transgender students use bathrooms matching their gender identity, decrying the policy as "a massive social experiment." Joining Texas in the lawsuit was Alabama, Georgia, Louisiana, Oklahoma, Tennessee, Utah, West Virginia and Wisconsin, plus Arizona's Department of Education and Maine's governor. "We are willing to fight this all the way to the Supreme Court if we have to," Republican Texas Attorney General Ken Paxton told reporters in Austin.