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Wellhead Uncapping Spurs Oil Higher

September 26, 2017 Jeffrey Halley 0

Brent and WTI explode higher as global tensions uncap Brent’s long-term resistance. The wellhead was uncapped, and oil gushed higher overnight with Brent rising nearly four percent and WTI three percent. Sabre rattling rhetoric from Iran and North Korea sent jitters through the market, but it is the Kurdish independence referendum that had the most effect. […]

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Crowd Boos As Entire Cowboys Team, Owner, & G.M. ‘Take A Knee’ In Arizona

September 26, 2017 Tyler Durden 0

In an apparent demonstration of unity, the entire Dallas Cowboys team, Cowboys owner and general manager Jerry Jones, as well as executive vice presidents Stephen Jones, Charlotte Anderson and Jerry Jones Jr., all decided to ‘take a knee’, notably before the national anthem was sung.

Boos were heard from the crowd in Arizona which reportedly included a large number of Dallas fans…

Crowd erupts in boos as owner Jerry Jones and entire Dallas Cowboys team kneel live on Monday Night Football pic.twitter.com/ZBKt3KMXYR

— Jack Posobiec (@JackPosobiec) September 26, 2017

“as they take a knee collectively, boos can be heard from this sell-out crowd in Arizona…”

As ESPN reports, Jerry Jones and his daughter, Charlotte Jones Anderson, said their players wanted to take a knee as a statement for equality and unity, but also wanted to separate that message from the national anthem.

A little less than an hour before kickoff, Jerry Jones said he respected the players “individually and collectively,” but he did not want to get into the political element of the debate.

“We want them to do what’s in the best interest of the Dallas Cowboys,” Jones said.

 

“That’s where the obligation is and again I don’t want to get into this area of debate but I do want to emphasize how important it is to me that we respect the sanctity of the flag.”

Jones was one of seven NFL owners to donate to Trump’s inauguration.

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Gold/King Dollar ratio breaking short-term support

September 26, 2017 kimblecharting 0

Gold has been weaker than King Dollar the majority of the time since 2011 highs. Gold has been stronger than King Dollar since Christmas of last year. Which trend is going to be the key trend over the next few months?
Below looks at the Gold/US Dollar…

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BoJ Minutes: Moderate Expansion Continues For Japan Economy

September 26, 2017 RTT - Forex Top Story 0

Members of the Bank of Japan’s Monetary Policy Board said that Japan continues to experience a moderate economic expansion, minutes from the bank’s July 19-20 meeting revealed on Tuesday.The post BoJ Minutes: Moderate Expansion Continues For Japan Econ…

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Oil markets take a breather after jump the day before

September 26, 2017 Energy 0

Brent hit a two-year high on Monday although U.S. crude has lagged behind.The post Oil markets take a breather after jump the day before appeared first on NASDAQ.
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UN chief concerned over Kurdish referendum

September 25, 2017 Middle East Monitor 0

UN Secretary-General Antonio Guterres said Monday he was concerned about the “potentially destabilizing effects” of a referendum held by the Kurdish Regional Government (KRG) in defiance of the international community. Guterres “respects the sovereignty, territorial integrity and unity of Iraq” and recommends that all outstanding issues “be resolved through structured dialogue and constructive compromise,” said a statement by his spokesman, Stephane Dujarric. Guterres also expects UN-mandated activities to be allowed to continue unhindered, the statement said. The US, along with Turkey, the UK, Iran and the Iraqi central government have urged Erbil to abandon the controversial poll, but it proceeded Monday. Iraqis in areas held by the KRG and in a handful of territories disputed between Erbil and Baghdad voted […]

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“Fake Nukes”: Iran Faked Ballistic Missile Launch

September 25, 2017 Tyler Durden 0

On Saturday, when a defiant Iran allegedly confirmed the existence a brand new ballistic missile it has unveiled just hours earlier at a military parade in Tehran, we reported that Iranian state television released video footage Friday claiming to show the launch of a new type of medium-range ballistic missile.

But it turns out this was “fake news”, or rather “fake nukes“, as Iran never actually fired a ballistic missile, according to Fox News government sources, and instead the video released by the Iranians was more than seven months old – dating back to a failed launch in late January, which resulted in the missile exploding shortly after liftoff, according to two U.S. officials.

After the footage was aired, Iranian media claiming a successful test launch – though it apparently showed the failed January launch. At the time, Iran was attempting to launch its new Khorramshahr medium-range ballistic missile for the first time. It flew 600 miles before exploding, in a failed test of a reentry vehicle, officials said at the time. The failed late January launch was first reported by Fox News and prompted the White House to put Iran “on notice” days later.

However, apparently news of the fake launch was not filtered by the US “intelligence” apparatus before it reached Trump who responded to the reported launch in a late-Saturday tweet, saying, “Iran just test-fired a Ballistic Missile capable of reaching Israel. They are also working with North Korea. Not much of an agreement we have!” Last week, speaking before world leaders at the United Nations, Trump slammed the Iranian regime and called the Iran nuclear deal an “embarrassment” to the United States. 

“We cannot let a murderous regime continue these destabilizing activities while building dangerous missiles, and we cannot abide by an agreement if it provides cover for the eventual construction of a nuclear program,” he said. As reported previously, Trump later told reporters he had made up his mind about the deal, but he has yet to explain if that means the United States will be pulled out of the nuclear accord.

Meanwhile, Iran’s President Hassan Rouhani, speaking at the U.N. one day after Trump, claimed his country’s missile program was “solely defensive” in nature.  “We never threaten anyone, but we do not tolerate threats from anyone,” he said. Rohani returned to Tehran two days later to preside over the missile parade featuring the new medium-range design and said his country would build as many missiles as necessary to defend itself. 

Ironically, Iran’s new medium-range missile is based on a North Korean design—Pyongyang’s BM-25 Musudan ballistic missile, which has a maximum range of nearly 2,500 miles, putting U.S. forces in the Middle East and Israel within reach… assuming its problems have been fixed of course.

“The very first missiles we saw in Iran were simply copies of North Korean missiles,” missile proliferation expert at the Middlebury Institute of International Studies Jeffrey Lewis, told Fos News. “Over the years, we’ve seen photographs of North Korean and Iranian officials in each other’s countries, and we’ve seen all kinds of common hardware.” 

A senior Iranian general said last weekend that the missile had a range of less than 2,000 miles. “The Khoramshahr missile has a range of 2,000 kilometers [1,250 miles] and can carry multiple warheads,” Iran’s official IRNA news agency quoted Revolutionary Guards aerospace chief General Amir Ali Hajizadeh as saying.

 

The missile “is capable of carrying multiple warheads,” Hajizadeh added.

 

“I am not sure why the Iranians are lying about the range,” one U.S. official said. “I think they don’t want to piss the Europeans off.”

While U.N. resolution 2231, put in place days after the Iran nuclear deal was signed, calls on the Islamic Republic not to conduct ballistic missile tests, but does not forbid them from doing so, after Russia and China insisted on the watered-down language in order to pass the resolution. Iran is “called upon not to undertake any activity related to ballistic missiles designed to be capable of delivering nuclear weapons, including launches using such ballistic missile technology,” according to the text of the resolution.

Iran possesses the largest arsenal of ballistic missiles in the Middle East, with more than 1,000 short- and medium-range ballistic missiles. Tehran has conducted over 20 missile tests since 2015. Tehran claims the tests are legitimate because they are defensive in nature. 

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Last Ditch Obamacare Repeal Bill Officially Dead After Collins Says No

September 25, 2017 Tyler Durden 0

Not only was the Republicans’ third attempt to repeal Obamacare not lucky, but as of moments ago, said attempt has died a total of three times, the first when John McCain said he would vote no last Friday, then yesterday when Ted Cruz also said he would not support the Graham-Cassidy Obamacare repeal bill, and then the third and final time came late on Monday when Maine Senator Susan Collins confirmed she would oppose the latest GOP effort to repeal and replace ObamaCare, dooming the measure.

“Health care is a deeply personal, complex issue that affects every single one of us and one-sixth of the American economy. Sweeping reforms to our health care system and to Medicaid can’t be done well in a compressed time frame, especially when the actual bill is a moving target,” she said in a statement.

Senator Collins opposes Graham-Cassidy health care bills https://t.co/nW6MFUvYVg pic.twitter.com/0DSxDJNMPp

— Sen. Susan Collins (@SenatorCollins) September 25, 2017

Her announcement is hardly a surprise: as we said last week, Collins was widely viewed as a “no” vote but talked with Pence over the weekend and said Sunday she wanted to see the preliminary analysis from the Congressional Budget Office. “It’s very difficult for me to envision a scenario where I would end up voting for this bill,” she told CNN’s “State of the Union.” Well, just prior to Collins’ statement, the CBO projected that the last-ditch GOP ObamaCare repeal bill would result in “millions” of people losing coverage. The agency did not give a specific number given a lack of time to do the analysis before a vote, but said the “direction of the effect is clear.” That was enough to seal Collins’ “no” answer.

According to Bloomberg, Collins joins Republican Sens. Rand Paul and John McCain, who have already come out against bill, although technically on Sunday Ted Cruz said that “Right now, they don’t have my vote and I don’t think they have Mike Lee’s vote either,” which means that the third and final attempt to repeal Obamacare was not even down to the wire.

Collins’s announcement came as Graham, Cassidy and the White House engaged in a dash of last minute negotiations to try to keep their ObamaCare repeal push alive and win over holdouts, including Collins. “If there’s a billion more going to Maine … that’s a heck of a lot,” Cassidy told The Washington Post. “It’s not for Susan, it’s for the Mainers. But she cares so passionately about those Mainers, I’m hoping those extra dollars going to her state … would make a difference to her.”

According to The Hill, it isn’t immediately clear whether leadership will force a vote even though they are short of necessary support to pass a bill. “I’m in a fact-gathering mode,” Sen. John Cornyn (R-Texas), the No. 2 Senate Republican, told reporters earlier Monday.

A spokesman for Majority Leader Mitch McConnell (R-Ky.) said last week that it was his “intention” to bring up Graham-Cassidy but he didn’t mention a potential vote in his opening remarks on Monday. Rank-and-file members have also expressed skepticism that they would ultimately have a vote.

And now onto Trump’s tax reform, which despite Wall Street’s recent spike in enthusiasm will likely suffer the same fate as Obamacare repeal.

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