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Morning. Education secretary rick perry calling it a deliberate attack on the Global Economy. Plus oxycontin maker, pharma filing for bankruptcy this morning. First up, though, a series of attacks on two of the Worlds LargestOil Facilities in the news the u. S. Is rejecting that notion saying the scope and the precision of the attack suggests the launch was made by the houthis but, in fact, originated by iran. Iran calling the claims baseless and unacceptable guys, weve been talking all year long about what it could take to produce a true supply shock. I think theyll come back 5. 7 Million Barrels. Look theres a temporary inability to get permian oil. You can only ship so much. You have one harbor who can handle it, two others. Corpus christi not yet i guess what ....
Numbers and while thats not exactly what we wanted, its what we need thats why stocks were able to rally on that news, the dow gaining 69 points higher most of the day and s p climbing. 09 and the nasdaq is tech heavy and does well when the economy is really slow dips 1. 7 . Why the heck are rerootiwe rootr weak data . Its about the macro ive never been a fan. Its a big picture when Interest Rates are much higher than the rest of the world and the world is reluctant to cut them. The macro matters and matters a lot. Thats why this disappointing payroll report is so important it gives jay powell more leeway to cut Interest Rates if he wants to powell is a traditionalest fed chief, for more than janet yellen thats why powell wants to be measured even though he was anything but measured with his rate hikes asemimet triric l and wrong. This is starting to hurt the economy. I lived ....
Comments raises questions on whether Prime Minister may can get enough backing of her vision of brexit. She says she can still get the bill on the withdrawal from the eu through parliament. John cornyn says arizona senator john mccain should be available on the senate floor for crucial votes to overhaul the u. S. Tax system. Mccain is receiving treatment at Walter Reed Medical Center for side effects of his ongoing cancer therapy. Cornyn says the timing of the taxable is still unclear, as discussions continue on a range of topics including the Child Tax Credit. The Texas Republicans also said he has confidence in robert mueller. The Northeastern Region are underwater. Thousands of resident ....