Markets.......
Asia calendar for Tuesday.....
Australia Sept New Motor Vehicle Sales -0.5pct m/m (prev rev -0.1pct)
Australia Sept New Motor Vehicle Sales -0.8pct y/y (prev rev 1.6pct)
RBA Minutes: Rate Hikes Abroad Did Not Have "Mechanical" Implications For Australian Rates
Australian ANZ Roy Morgan Weekly Consumer Confidence Index 112.4 (prev 113.8
Kobe Steel May Have Faked Data For Decades Reports Nikkei
EU signs off on fresh sanctions against NK.
Wow ! Reduced their fraud to writing and put it in a manual...
New Zealand Q3 CPI 0.5pct q/q (est 0.4pct, prev 0.0pct)
New Zealand Q3 CPI 1.9pct y/y (est 1.8pct, prev 1.7pct)
Going to get worse , before it gets better..
US......
Another day , more new record closes..
Green day for US crude..
NY wrap..
Spain......
Political prisoner argument raised...
On the question of sedition...defining the term under Spanish law...
Puigdemont responds...1
Puigdemont responds...2
Two leaders going to jail tonight...stakes just got higher for Puigdemont.
This is a little bit of a surprise , after police chief wasn't jailed earlier today.
Stay tuned for Thursday..
#BREAKING Catalan police chief released without passport on sedition charges
Spanish prosecutor requests prison without bail for Catalan police chief Josep-Lluís Trapero. Judge to decide at 6pm
Stay tuned..
We shall see..
Thursday appears to be drop dead day....
Article 155 implementation gets closer and closer...
Looks like Puigedemont has until Thursday to find a solution.
UK-EU...
Time keeps on slipping , slipping , slipping....into the future...
Brexit talks may be on course for a catastrophic breakdown, British officials fear https://bloom.bg/2ih2rks
PM May and EU still at loggerheads over Brexit Bill.
ICYMI: UK's May meetings in Brussels part of process in achieving a smooth Brexit http://news.forexlive.com/!/uks-may-meetings-in-brussels-part-of-process-in-achieving-a-smooth-brexit-20171016 …
UK IS SAID TO SEE BREXIT BREAKDOWN IF EU REFUSES TO COMPROMISE
Malta........
Hard hitting commentary , gone too soon.
Malta car bomb kills Panama Papers journalist https://www.theguardian.com/world/2017/oct/16/malta-car-bomb-kills-panama-papers-journalist?CMP=Share_iOSApp_Other …
Vigil for murdered journalist Daphne Caruana Galizia gets under way in #Malta
FBI asked to help investigate Caruana Galizia murder - Muscat http://bit.ly/2yubl46
Shock, outrage and concern: reactions to Caruana Galizia's murder pour in http://bit.ly/2gocmo3
Venezuela...
#Venezuela’s economy expected to shrink 12% by end of 2017: report. http://bit.ly/2ygDpbt
#EuropeanUnion moves closer to issuing sanctions against #Venezuela’s @NicolasMaduro regime. http://bit.ly/2i51FqH
Opposition was naive in agreeing to these Regional Elections , this did nothing but boost Maduro.
Kirkuk....
Important thread , one through nine , on PUK Deal with Baghdad regarding Kirkuk.
“We don’t like they are clashing but we’re not taking sides,” says @POTUS of clashes between #Iraq army and Kurdish forces. – at The White House
Around 150 Kurdish houses looted, and 15 set ablaze in Tuz Khurmato by Hashd al-Shaabi militia https://goo.gl/4i5pSF #KurdistanBlockade
This seems to be a question many are pondering after swift fall of Kirkuk.
Iran may have backed some Militias , but US support for federal authority...in all disputed areas , is clear.
#BREAKING: Iraqi forces are inside the office of Najmaldin Karim, governor of #Kirkuk city. #KurdistanBlockade
TURKISH GOVERNMENT SPOKESMAN SAYS CABINET AGREES TO CLOSE DOWN TURKISH AIRSPACE TO KURDISTAN REGIONAL GOVERNMENT
#TURKEY STARTS WORKING ON HANDING OVER CONTROL OF HABUR BORDER GATE WITH NORTHERN #IRAQ TO CENTRAL IRAQI GOVERNMENT - GOVT SPOX: RTRS, #OOTT
#Iraqi Special Forces pose in front of the #Peshmerga statue along #Erbil-#Kirkuk entrance to the city
#BREAKING: — Peshmerga command: First party responsible for waging war on Kurdistan is Abadi’s government, and has to pay dearly for it.
US Politics......
Puerto Rico....
“20 of (Puerto Rico’s) 51 sewage treatment plants out of service, there are growing concerns about contamination and disease,” reports @AP
“Puerto Rico is only beginning to come to grips with a massive environmental emergency that has no clear end in sight,” reports @AP
“I just wish we had more resources to deal with it (inspecting toxic sites),” Catherine McCabe, EPA deputy regional administrator told @AP
There is massive damage to the roads. Gov. announced the closure of 18 bridges due to severe damage.
1 of the P3 will strengthen hydroelectric system, works in combination w/ Power and Aqueduct Authorities said @omarjmarrero @CaribBusiness
Puma Energy is part of the P3 to use liquid gas to generate energy in the north of the island, explained P3 Authority dir @CaribBusiness
Gov. @ricardorossello confirmed they are still in talks w/ Tesla and said the company is already sending batteries @CaribBusiness
The 3 PPPs that come through the unsolicited proposal method are related to electric system, including "diversifying fuel" @CaribBusiness
The recovery strategy at a local and federal level is taking shape argued Rosselló but said it will include fixing the roads @CaribBusiness
Gov Rosselló said focus is to first tackle area in the electric grid with problems that can be fixed quickly @CaribBusiness
Gov. @ricardorossello, joined by PPP Authority director @omarjmarrero, announced 6 new public-private partnerships @CaribBusiness
Swampland....
Whoa !!!
Ways/Means Cmte Chair Brady won't schedule a markup session on tax reform until budget process is done. November at earliest?
Unclear if potential deficits could hamstring tax reform. GOP banking on "dynamic scoring" to meet budget deficit rules
Sr GOP Hse conservative on why no conversation about deficit reduction: "We've come to the realization that we simply cannot cut."
Senate hopes to adopt a budget this wk for tax reform. Necessary to avoid filibusters under budget reconciliation process.
If Senate fails to adopt a budget, tax reform is dead as the GOP can't overcome a filibuster without the special process to avoid them
GOPers can only lose 23 of their own in the Hse on tax reform. Lost 18 on the budget framework 2 wks ago. Senate R's can only lose 2.
Not exactly accurate.....
In letter Manchin asks Trump to pull Rep Marino’s nomination for drug czar because of his bill to weaken DEA from stopping distro of opioids
Fusion GPS co-founders to take the fifth amendment ! Worm really turning in the doggy dossier soap opera.
Gov Rosselló encouraged hospitals to transfer more of their patients to the USNS Comfort, which currently has 18 patients @CaribBusiness
North Korea...
Hard to believe this is a surprise !
Russian Pres. Putin Signs Degree Imposing Restrictions On N.Korea In Line With UN Resolution - Interfax
Orphelia.....
Three dead, hundreds of thousands lose power as #Ophelia blasts Ireland and the United Kingdom with high winds: http://wxch.nl/2yu2v6x
Surreal red sky in London as Ophelia whips up dust from the Sahara.
(ht @iihtishamm)
Storm Ophelia creates orange sky in London as the 80mph winds brought dust from North Africa & debris from forest fires in Spain & Portugal
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