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Question: Korea tensions ease slightly as US officials play down war risks

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Tensions on the Korean peninsula eased slightly on Monday as South Korea's president said resolving Pyongyang's nuclear ambitions must be done peacefully and key U.S. officials played down the risk of an imminent war with North Korea.
SEOUL/BEIJING: Tensions on the Korean peninsula eased slightly on Monday as South Korea's president said resolving Pyongyang's nuclear ambitions must be done peacefully and key U.S. officials played down the risk of an imminent war with North Korea.
Concern that North Korea is close to achieving its goal of putting the mainland United States within range of a nuclear weapon has underpinned a spike in tensions in recent months.
U.S. President Donald Trump warned at the weekend that the U.S. military was "locked and loaded" if North Korea acted unwisely after threatening last week to land missiles near the U.S. Pacific territory of Guam.
"There must be no more war on the Korean peninsula. Whatever ups and downs we face, the North Korean nuclear situation must be resolved peacefully," South Korean President Moon Jae-in told a regular meeting with senior aides and advisers.
"I am certain the United States will respond to the current situation calmly and responsibly in a stance that is equal to ours," he said.
While backing Trump's tough talk, U.S. officials including National Security Adviser H.R. McMaster played down the risk on Sunday of the rhetoric escalating into conflict.
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"I think we're not closer to war than a week ago, but we are closer to war than we were a decade ago," McMaster told ABC News' "This Week".
U.S. Central Intelligence Agency Director Mike Pompeo said North Korean leader Kim Jong Un might well conduct another missile test but talk of being on the cusp of a nuclear war was overstating the risk.
"I've seen no intelligence that would indicate that we're in that place today," Pompeo told "Fox News Sunday".
Asian stocks rallied on Monday as investors took heart from the less bellicose rhetoric.
However, North Korea reiterated its threats, with its official KCNA news agency saying "war cannot be blocked by any power if sparks fly due to a small, random incident that was unintentional".
"Any second Korean War would have no choice but to spread into a nuclear war," it said in a commentary on Monday.
MISSILE DOUBTS
South Korean Vice Defence Minister Suh Choo-suk agreed North Korea was likely to continue provocations, including nuclear tests, but did not see a big risk of the North engaging in actual military conflict.
Suh again highlighted doubts about North Korea's claims about its military capability.
"Both the United States and South Korea do not believe North Korea has yet completely gained re-entry technology in material engineering terms," Suh said in remarks televised on Sunday for a Korea Broadcasting System show.
The United States and South Korea remain technically still at war with North Korea after the 1950-53 Korean conflict ended with a truce, not a peace treaty.
Tension in the region has risen since North Korea carried out two nuclear bomb tests last year and two intercontinental ballistic missile tests in July, tests that the North often conducts to coincide with important national dates.
Tuesday marks the anniversary of Japan's expulsion from the Korean peninsula, a rare holiday celebrated by both the North and the South. Moon and Kim, who has not been seen publicly for several days, are both expected to make addresses on their respective sides of the heavily militarised border.
Trump has urged China, the North's main ally and trading partner, to do more to rein in its neighbour, often linking Beijing's efforts to comments around U.S.-China trade. China strenuously rejects linking the two issues.
Trump will issue an order later on Monday to determine whether to investigate Chinese trade practices that force U.S. firms operating in China to turn over intellectual property, senior administration officials said on Saturday.
Chinese Foreign Ministry spokeswoman Hua Chunying said that China has said many times the essence of China-U.S. trade and business ties is mutual benefit and that there is no future in any trade war between China and the United States.
"There would be no winners; both would lose," she told a daily news briefing, adding China has always paid great attention to protecting intellectual property rights and cracked down on those who infringe upon them.
"The (Korean) peninsula issue and trade and business issues are in a different category from each other," Hua added. "On these two issues China and the United States should respect each other and increase cooperation. Using one issue as a tool for exerting pressure on another is clearly inappropriate."
China's official China Daily said such an investigation would poison the relationship between the two countries.
"By trying to incriminate Beijing as an accomplice in (North Korea's) nuclear adventure and blame it for a failure that is essentially a failure of all stakeholders, Trump risks making the serious mistake of splitting up the international coalition that is the means to resolve the issue peacefully," it said.
"Hopefully Trump will find another path. Things will become even more difficult if Beijing and Washington are pitted against each other."
(Writing by Lincoln Feast; Editing by Paul Tait and Raju Gopalakrishnan)

North Korea has announced its army is on 'maximum alert' and is prepared to stage an 'all-out war' after US Vice President Mike Pence warned that Pyongyang would do well to heed President Trump's recent bombing of Syria and Afghanistan, and not test his resolve with further nuclear activity. But with the rhetoric heating up, even a short conflict on the Korean Peninsula would be catastrophic for the region. Michael Vincent reports.


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Question: News Highlights: Top Global Markets News of the Day

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Fed Backs Some Treasury Ideas for Cutting Bank Regulation
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Federal Reserve Chairwoman Janet Yellen on Wednesday gave support to some recommendations made by the Treasury Department this week, saying the central bank has been looking into paring back certain Obama-era rules.
Fed Forecasts at Odds With Trump Administration's Growth Target
The Trump administration's plan to get the economy growing at a 3% annual rate has a skeptic: the Federal Reserve.
Yellen Raises the Possibility of Increasing Inflation Target Above 2%
Federal Reserve Chairwoman Janet Yellen opened the door to raising the central bank's 2% inflation target someday, noting that an appropriate goal for inflation was "one of our most critical decisions."
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Fed Raises Rates, Sets Out Plan to Shrink Asset Holdings Beginning This Year
The Federal Reserve said it would raise short-term interest rates and spelled out in greater detail its plans to start slowly shrinking its $4.5 trillion portfolio of bonds and other assets this year.
Australian Unemployment Rate Falls in May
Unemployment rate fell to a lower-than-expected seasonally adjusted 5.5% in May from 5.7% in April, the Australian Bureau of Statistics said Thursday.
Hong Kong Monetary Authority Raises Base Rate to 1.5% After Fed's Move
The Hong Kong Monetary Authority raised its base rate by a quarter of a percentage point to 1.5% on Thursday, matching the overnight interest-rate increase by the U.S. Federal Reserve.
OPEC Stumbles in Face of Oil Glut
Production cuts aren't drawing oil out of storage and U.S. shale producers are humming, fueling the idea that OPEC and its allies missed the mark.
Mexico's Peso Rallies as Risks Recede
Mexico's peso traded Wednesday at its strongest level of the year, gaining for an eighth consecutive day as both domestic and external risks to the currency continue to decline.
Britain, Not France, Risks Being 'Sick Man' of Europe
Following the very different outcomes of this month's elections in France and the U.K., the tables have been turned, Simon Nixon writes, with Britain facing increased economic uncertainty and France poised for higher growth.
Import Growth Slows at U.S. West Coast Container Ports
Import growth slowed in May at the nation's dominant West Coast container ports, as broad changes in the global ocean shipping sector appeared to shift supply chain routes toward the East Coast.
(END) Dow Jones Newswires
June 14, 2017 23:15 ET (03:15 GMT)

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Question: China says it will defend interests if U.S. harms trade ties

By Michael Martina
BEIJING, Aug 15 (Reuters) - China will take action to defend its interests if the United States damages trade ties, the Ministry of Commerce said on Tuesday, after U.S. President Donald Trump authorised an inquiry into China's alleged theft of intellectual property.
Trump's move, the first direct trade measure by his administration against China, comes at a time of heightened tension over North Korea's nuclear ambitions, though it is unlikely to prompt near-term change in commercial ties.
U.S. Trade Representative Robert Lighthizer will have a year to look into whether to launch a formal investigation of China's policies on intellectual property, which the White House and U.S. industry groups say are harming U.S. businesses and jobs.
The United States should respect objective facts, act prudently, abide by its World Trade Organization pledges, and not destroy principles of multilateralism, an unidentified spokesman of China's Ministry of Commerce said in a statement.
"If the U.S. side ignores the facts, and disrespects multilateral trade principles in taking actions that harms both sides trade interests, China will absolutely not sit by and watch, will inevitably adopt all appropriate measures, and resolutely safeguard China's lawful rights."
The ministry said the United States should "treasure" the cooperation and favourable state of China-U.S. trade relations, and warned that any U.S. action to damage ties would "harm both sides trade relations and companies".
China was continuously strengthening its administrative and judicial protections for intellectual property, the ministry added.
China's policy of forcing foreign companies to turn over technology to Chinese joint venture partners and failure to crack down on intellectual property theft have been longstanding problems for several U.S. administrations.
Trump administration officials have estimated that theft of intellectual property by China could be worth as much as $600 billion.
Experts on China trade policy said the long lead time could allow Beijing to discuss some of the issues raised by Washington without being seen to cave to pressure under the threat of reprisals.
China repeatedly rebuffed attempts by previous U.S. administrations to take action on its IP practices, and has insisted it rigorously protects intellectual property.
State news agency Xinhua said the U.S. investigation is a unilateralist "baring of fangs" that will hurt both sides.
Jacob Parker, vice president of China operations at the U.S.-China Business Council said Trump's memo is only the beginning of the process, but that he expected a decision on how to move forward from the administration in 60-90 days.
"I think it will be much faster than a year," Parker said.
Coming to terms on a bilateral investment treaty would be a better way to get China to address the IP issues, he added.
"This isn't a surprise. Our companies have been honing their crisis communications and internal planning processes since the election. The rhetoric that came up during the campaign led them to take proactive action then. They are prepared, aware and ready for these types of actions going forward."
The investigation is likely to cast a shadow over U.S. relations with China, its largest trading partner, just as Trump is asking it to put more pressure on North Korea to give up its nuclear programme.
Trump has suggested he would be more amenable to going easy on China over trade if it were more aggressive in reining in North Korea.
China has said the issues of trade with the United States should not be linked to the North Korea problem.
Ken Jarrett, president of the American Chamber of Commerce in Shanghai, said in a statement on Tuesday that trade and North Korea should not be linked, but that the investigation was a "measured and necessary step".
"The president's executive order reflects building frustration with Chinese trade and market entry policies, particularly those that pressure American companies to part with technologies and intellectual property in exchange for market access," he said.
"Chinese companies operating in the United States do not face this pressure." (Reporting by Michael Martina; Additional reporting by Ben Blanchard, and David Stanway and John Ruwitch in Shanghai; Editing by Michael Perry, Robert Birsel)

represent this text to find a news title for it. To give you a sense - "['Represent the article to find a fitting news title', "atomic wrote: The pass from Drinkwater to Hampshire to put him in, shows cohesion between them.Thats fact,are we to just ignore that fact because Cas and Wigans coaching staff say he's not a half?\nIs that not more to do with him linking up from FB though - no idea whether Hampshire can or can't succeed at halves, 2 top coaches indicate not but he is still young so who knows.At the end of he day let's hope we don't have a knee jerk reaction because of Friday- so long as we learn the lessons we'll hold our own in a lot of games, gave up a lot of field possession and any team would get punished at this level."]" should be close to "['Represent this title to get a news article that provides more details about it', 'The Worlds Most Popular Rugby League Website']"

The odds of a messy trade war between the United States and China are rising again.
The Trump administration shocked the world on Tuesday by tearing up a truce with Beijing and announcing it would impose tariffs on $50 billion worth of Chinese goods and restrict Chinese investment in the United States.
China said Wednesday it was ready to retaliate.
Here's a timeline that shows how trade tensions between the world's two biggest economies have grown for over a year.
April 2017 — Trump launches investigation into steel imports
President Donald Trump, who repeatedly vowed to bring manufacturing and jobs back to the United States, directs the Commerce Department to investigate whether imports of foreign steel and aluminum from China and other countries could be a threat to national security.
August 2017 — Another investigation tightens the screws on China
Trump launches a new investigation explicitly targeting China. He asks US Trade Representative Robert Lighthizer to look into unfair Chinese trade practices, with a particular focus on alleged theft of US intellectual property.
China's state-run media says the probe will "poison" the relationship between the two countries, while the Chinese government later slams the Trump administration's "unilateralism and protectionism."
A quiet few months
The Trump administration's threats against China, including the investigations, don't result in tangible action over the rest of 2017 as Trump shows restraint amid a budding relationship with his Chinese counterpart Xi Jinping.
However, experts warn that 2018 could be a different story.
January 2018 — First, solar panels and washing machines
The first major trade action against China comes at the beginning of the year, when the United States announces tariffs on imported solar panels, most of which come from China, and washing machines.
China expresses "strong dissatisfaction" over the decision, adding that it "aggravates the global trade environment."
March 9, 2018 -— Trump imposes tariffs on steel imports
Trump follows through on tariff recommendations from his commerce department, announcing a global tax on steel imports at 25% and aluminum imports at 10%.
China, the world's biggest steel exporter, calls the tariffs "a serious attack" on international trade and says it will take "firm action" if Chinese businesses suffer losses as a result.
April 2, 2018 — China hits back
Beijing imposes tariffs on about $3 billion worth of US imports, including a 15% duty on 120 American products such as fruits, nuts, wine and steel pipes. There's also a 25% tax on eight other US goods including recycled aluminum and pork.
The Chinese government says its tariffs are specifically in response to the US trade measures against steel and aluminum.
April 3-4, 2018 — US and China each threaten to target $50 billion in imports
Trump's team responds barely 24 hours after China's first retaliation.
The US Trade Representative proposes a 25% tax on close to 1,300 Chinese goods from the aerospace, machinery and medical industries. The goods account for about $50 billion worth of Chinese exports.
The next day, the Chinese government announces plans for another set of retaliatory tariffs that nearly mirror the Trump administration's proposal -- 25% on a range of US products worth approximately $50 billion.
The 106 products on China's list include aircraft and automobiles as well as soybeans and chemicals.
April 5, 2018 — Trump calls for targeting another $100 billion in Chinese goods
Trump threatens a wave of new tariffs worth $100 billion. He asks Lighthizer to look into which products his administration can target.
China warns it has "already formulated very detailed countermeasures."
April 16-17, 2018 — ZTE and Sorghum become targets
The United States turns up the heat again, banning one of China's biggest tech companies -- ZTE (ZTCOF) -- from buying components from American firms for seven years because it allegedly failed to honor a deal under which it admitted to violating sanctions on Iran and North Korea.
The next day, China's Commerce Ministry said it would start charging importers a fee of about 179% on US sorghum after an investigation found the shipments were unfairly subsidized and damaging Chinese producers.
Sorghum is a grain that is used to feed livestock and make a popular Chinese liquor. American imports of sorghum to China were worth nearly $1 billion last year.
April 22, 2018 — Offer to launch talks
Officials from the United States and China say they would be interested in holding talks to discuss trade issues.
Early May 2018 — Negotiations begin
The White House describes the first round of talks in early May as "frank discussions." China says the two sides were far apart on some issues.
As talks continue, Trump tweets that he is working to give ZTE "a way to get back into business, fast."
President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast. Too many jobs in China lost. Commerce Department has been instructed to get it done! — Donald J. Trump (@realDonaldTrump) May 13, 2018
Commerce Secretary Wilbur Ross says the administration is exploring "additional remedies" to its harsh punishment of the Chinese smartphone maker.
Mid-May 2018 — A misunderstanding
US officials tell CNN that Beijing has proposed boosting Chinese purchases of American goods by around $200 billion to reduce the massive trade imbalance between the two countries.
But China's Foreign Ministry quickly denies the assertion, saying "these rumors are not true."
However, China announces it will remove its huge import tax on US sorghum in a move to ease tensions.
May 19, 2018 — Trade war put 'on hold'
China and the United States announce they have reached a ceasefire, leading to a brief period of calm.
In a joint statement, the countries say China will "significantly increase" purchases of US goods and services, but they do not put a dollar amount on China's commitment. Both sides agree to not impose new tariffs on one another while talks continue.
"We're putting the trade war on hold," US Treasury Secretary Steven Mnuchin tells Fox News.
A few days later, China's Finance Ministry says it plans to cut import duties on passenger vehicles from 25% to 15%. Trump had previously criticized these duties, saying they were unfair and significantly higher than US duties.
May 29, 2018 — US revives tariff threat on $50 billion from China
In a surprise move, the White House says it will move ahead with its 25% tariffs on $50 billion worth of Chinese goods. It also announces new limits on Chinese investment in high-tech industries.
China says it is ready to retaliate.
"We want to reiterate that we don't want a trade war, but we aren't afraid of fighting one," says a spokesperson at China's foreign ministry.
— Jackie Wattles contributed to this report.


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Question: Author recounts history of warehouse, art enclave

A commute through Downtown Jersey City on the Hudson-Bergen Light Rail is responsible for inspiring David Goodwin's first book, a history of 111 First St. and the fierce but failed attempt to turn it into an artist enclave.
Goodwin, 39, a librarian at Fordham University School of Law who lives in the Jersey City Heights, told The Jersey Journal he remembers, as the light rail train rolled past the site in mid-2007, watching crews demolish the warehouse that had stood there for over a century.
"I was perplexed as to why something so architecturally interesting was being torn down," Goodwin said.
Goodwin, who had moved to Jersey City two years prior, did not know the demolition was the culmination of a years-long battle between City Hall, real-estate developers and a thriving community of artists.
A decade of research later, Goodwin has produced a book on the property's history. "Left Bank of the Hudson: Jersey City and the Artists of 111 1st Street" was published Monday by Fordham University Press.
Goodwin, who will speak about the book today at Word on Newark Avenue, starts the story nearly 150 years ago, when the P. Lorillard Tobacco Co. moved its industrial operations from New York City to 111 First St. In the late 1980s, artists began to share the massive warehouse with industrial tenants at a time when Jersey City's Hudson River waterfront was populated with tumbleweed and packs of wild dogs. By the mid-2000s, the artists were getting forced out by the building's owners, who ultimately succeeded before demolishing the building 10 years ago. The property remains an empty lot.
Goodwin recounts how mayors from Bret Schundler to L. Harvey Smith made pledges about turning the area around the warehouse into an arts district, promises unkept aside from renaming the area the Powerhouse Arts District.
"The more I think about it the more I think it was a pivotal point for Jersey City," said Goodwin. "We could have been a creative node for the region. The imagination just wasn't there among public officials. "
Hear more about the book from Goodwin himself today at 3 p.m., when he will appear at Word at 123 Newark Ave. and again Sunday, Oct. 15 at 2 p.m. as part of the Jersey City Art & Studio Tour.

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0:32 Storm scenes from Pismo Beach Pause
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1:07 The holidays are at home with the Fortinis
0:31 On election night, Heidi Harmon shared her goals for SLO
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5:10 Tour the oasis of tiki power couple Wendy and Dan Cevola


Question: Katie Couric returns to 'Today' show as guest co-anchor

In this photo provided by NBC, Katie Couric, left, joins Matt Lauer on NBC News' TODAY show Monday, Jan. 2, 2017, in New York. Couric returned to the co-anchor chair for the first time in more than a decade Monday. She made cameo appearances on the show in recent years, but Monday was her first time as a guest co-anchor. (Nathan Congleton/NBC News' TODAY via AP)
Related View Larger FILE - In this May 3, 2016, file photo, Katie Couric attends the LA premiere of her documentary 'Under The Gun' in Beverly Hills, Calif. Couric returned to the 'Today' show Monday, Jan. 2, 2017, to co-anchor for the first time since she left the program in 2006. (Photo by Jordan Strauss/Invision/AP, File)
The Associated Press

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NBC News’ Lester Holt will sit down for an exclusive interview with President Trump at the White House on Thursday, NBC has announced.
The wide-ranging interview will air on Thursday's broadcast of "NBC Nightly News," which Holt will anchor from Washington, D.C. Excerpts will also run on Friday morning's "TODAY."
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Thursday's interview will be Trump’s first sit down with Holt since the Nightly News anchor moderated the first presidential debate, and it comes amid the continuing controversy over Trump's firing of FBI director James Comey.
On Tuesday, NBC announced Holt's nightly broadcast had topped ratings across the board for the third straight week, averaging 7.7 million total viewers.


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Question: In South Florida, green iguanas spread into suburban scourge

Perched in trees and scampering down sidewalks, green iguanas have become so common across South Florida that many see them not as exotic invaders, but as reptilian squirrels. Native to Central and South America, green iguanas that escaped or were dumped as pets have been breeding in the Miami suburbs and the Keys for at least a decade without making headlines like other voracious invasive reptiles such as Burmese pythons or black-and-white tegu lizards.
Start the conversation, or Read more at Waco Tribune-Herald.

Some 75,000 wild horses roam the sagebrush-lined slopes and basins of the American Westâand the government can not figure out what to do with them. Plus, what genetic advances are telling us about Neanderthal DNA.


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Question: Man told police killing pregnant girlfriend was 'easiest way' to - WMC Action News 5 - Memphis, Tennessee

The man accused of killing his pregnant girlfriend could face a second first-degree murder charge, according to investigators.
During his arraignment Monday morning 24-year-old Brandon Freeman told a judge he could not afford an attorney. Freeman is behind bars with no bond, charged with first-degree murder.
According to police, he shot and killed his pregnant girlfriend, 22-year-old Keosha Miller, at the Faronia Square Town Homes in Whitehaven Saturday.
Investigators said Freeman told them he shot Miller because he was not sure the child she carried was his and he thought killing her was "the easiest way" to get out of the relationship.
"It's really sad. I mean if you don't want to be in a relationship you should just leave. Why would you take someone's life?" neighbor Rhonda Newson said.
"It's crazy. It doesn't make any sense at all. Not at all," neighbor Lakesha Jackson added.
Based on an amended 2012 Tennessee law concerning fetal homicide, a fetus at any stage of pregnancy is considered a victim if the mother is harmed, meaning Freeman could face an additional count of first-degree murder.
We checked into his background and found no previous criminal convictions.
Freeman spoke extensively in court with a public defender about his legal rights and was ordered back to court in January.
Copyright 2017 WMC Action News 5. All rights reserved.

A man was shot during a robbery at a Memphis church Monday.
The shooting happened around noon at Wholeness Church of God and Christ, which is located in the 1700 block of Winchester Road.
The victim was taken to the hospital in non-critical condition.
The shooter remains at large.
WMC Action News 5 is on the scene gathering more details about the shooting and the search for the shooter.
Copyright 2017 WMC Action News 5. All rights reserved.


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Question: Talking Points: Did you see what they said?

"We may have a new crisis on our hands." -- State Rep. Diego Bernal, D-San Antonio, on the amount of time it will take for federal funds to pay for damage caused by Hurricane Harvey (Monday, Texas Tribune)
"I don't think anybody who knows me, anybody who listens to me, anybody who talks to me is going to think I'm anything like Donald Trump." -- Dallas Mavericks owner Mark Cuban on a potential presidential run in 2020 (Tuesday, Texas Tribune)
"What they want is legitimacy. Their kids will be able to vote all they want. So it's got to be a give and take. It can't be all or nothing." -- Houston Police Chief Art Acevedo on the need for a compromise on legal status for Dreamers or family members (Thursday, Houston Chronicle)
"Most of the folks that I had taken care of were folks from out of town for TransPecos Fest. I did have a few local yokels." -- Jon Tabor, a native of Alpine, who drives for the ridesharing service Lyft that's launching operations in small towns in West Texas (Wednesday, Marfa Public Radio)
"Wells Fargo needs to start over; that won't happen until the bank rids itself of people like you who led it into this crisis." -- Sen. Elizabeth Warren to Wells Fargo Chief Executive Timothy Sloan about the bank's creation of unauthorized accounts (Tuesday, CNBC)
"I think Secretary Tillerson, Secretary Mattis and Chief of Staff Kelly are those people that help separate our country from chaos." -- Sen. Bob Corker, R-Tenn. (Wednesday, CNN)
"In a world where everyone is kneeling, I saw hundreds of people standing up and running towards the danger." -- Russell Black, a witness to the Las Vegas shooting (Monday, Fox News)
"Google just released a pair of headphones that can translate 40 languages instantly. They say it's a great way to travel to a new country and find out everyone's making fun of you." -- Late night host Jimmy Fallon (Friday, New York Times)
"I've never been interested in football. I'm afraid of getting hurt badly, like getting a serious concussion." -- Zach Deming, a 16-year-old cross-country runner from Ellicott City, Md. (The Associated Press)
"They stole my son. And they stole my faith." -- Evelyn Piazza, whose son Tim was a Penn State student who died after a college fraternity hazing incident (Friday, The Atlantic)
"Forever one of my favorite souls, forever in my heart. Thank you, Tom Petty, for everything." -- Singer-songwriter Christina Perri on the death of rock legend Tom Petty (Monday, Twitter)
"Take it easy, baby. Make it last all night." -- Tom Petty in "American Girl," from the album Tom Petty and the Heartbreakers

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Sticking Up for your sister is what sisters do…..but Using Alternative Facts, is a NO NO!
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Question: Trump condemns KKK, neo-Nazis as ‘thugs’

WASHINGTON (AP) – The Latest on President Donald Trump and the weekend’s violence and death in Charlottesville, Virginia (all times local):
12:45 p.m.
President Donald Trump is saying that “racism is evil” as he condemns the KKK, neo-Nazis and white supremacists as “criminals and thugs.”
He is speaking in the Diplomatic Reception Room of the White House after meeting with Attorney General Jeff Sessions and FBI director Christopher Wray about the race-fueled violence Saturday in Charlottesville, Virginia.
Trump has come under fire for his comments Saturday that “many sides” are to blame for the violence. In those remarks, he did not single out white supremacists or any other hate group, even as Republican lawmakers and others in his White House did condemn them by name.
___
11 a.m.
President Donald Trump is back at the White House and ignoring shouted questions about the race-fueled clashes in Charlottesville, Virginia.
Trump briefly waved as he walked alone into the building, which is under renovation. He did not respond to loud queries from reporters about whether he condemns white supremacists and whether he condemns the actions of neo-Nazis.
One woman was killed Saturday when a car plowed into a group of counter-protesters who’d gathered to oppose a rally by white nationalists and others who oppose a plan to remove from a Charlottesville park of a statue of Confederate Gen. Robert E. Lee.
Trump has said “many sides” are to blame for violence.
The president is in Washington for one day during a working vacation mostly in Bedminster, New Jersey.
___
9:20 a.m.
The CEO of the nation’s third largest pharmaceutical company is resigning from the President’s American Manufacturing Council citing “a responsibility to take a stand against intolerance and extremism.”
President Donald Trump lashed out almost immediately Monday at Merck CEO Kenneth Frazier on Twitter, saying Frazier “will have more time to LOWER RIPOFF DRUG PRICES!”
Frazier’s resignation comes shortly after a violent confrontation between white supremacists and protesters in Charlottesville, Virginia, that left one person dead and 19 injured. He said in a tweet on Monday that the country’s leaders must “honor our fundamental values by clearly rejecting expressions of hatred, bigotry and group supremacy.”
Trump responded to Saturday’s violence in Charlottesville by blaming bigotry on “many sides.” He has not explicitly condemned the white supremacists.
___
9:15 a.m.
Attorney General Jeff Sessions is telling ABC’s “Good Morning America” that the death of a woman in Charlottesville, Virginia, “does meet the definition of domestic terrorism in our statute.”
Sessions said the Justice Department is pursuing the case “in every way.”
He added: “You can be sure we will charge and advance the investigation towards the most serious charges that can be brought, because this is an unequivocally unacceptable and evil attack that cannot be accepted in America.”
Sessions also says he is meeting with President Donald Trump and officials from the FBI on Monday to discuss the recent violence in Charlottesville, Virginia.
___
7:00 a.m.
Attorney General Jeff Sessions says “too much has been read into” President Donald Trump’s statement Saturday amid violence at a protest in Charlottesville, Virginia, related to the removal of a Confederate monument.
In several television interviews on Monday, Sessions said Trump had “explicitly condemned” violence and that “he totally opposes” the values espoused by white supremacy organizations. Trump referenced violence “on many sides.”
He tells NBC News that Trump ” will be speaking to the people today” although he isn’t sure what Trump will say. Sessions added: “He’s been firm on this from the beginning. He is appalled by this.”
___
3:44 a.m.
As President Donald Trump remained out of sight and silent, pressure mounted from both sides of the aisle for him to explicitly condemn white supremacists and hate groups involved in deadly, race-fueled clashes in Charlottesville, Virginia.
Trump, who has been at his New Jersey golf club on a working vacation, was set to make a one-day return to Washington on Monday to sign an executive action on China’s trade practices. But he will likely be unable to escape questions and criticism for his initial response to the Saturday’s violence, for which he blamed bigotry on “many sides.”
The White House tried to stem the damage on Sunday. Senior aides were dispatched to the morning news shows, yet they struggled at times to explain the president’s position. A new White House statement on Sunday explicitly denounced the Ku Klux Klan and neo-Nazi groups, but it was attributed to an unnamed spokesperson and not the president himself.
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A Charlottesville, Virginia rally to keep a Confederate statue and the counter-protest to take it down stunned the country after a car drove into a crowd of counter-protestors, killing Heather Heyer and wounding many others. The violence of the weekend led to counter-protests and vigils condemning racism and white nationalism in cities across the United States. See the reactions
Vice President Mike Pence said there is no tolerance for “white supremacists, neo-Nazis or the KKK,” following a white nationalist rally Saturday in Virginia that erupted in violence and left three people dead and multiple injured.


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Question: U.S. investor group concerned SEC decisions roll back proxy rights

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BOSTON (Reuters) - A group representing large investors voiced concern that the U.S. Securities and Exchange Commission is undoing protections for shareholders to bring proxy resolutions opposed by management.
Ken Bertsch, executive director of the Council of Institutional Investors, said his group disagreed with recent SEC decisions allowing companies including electric utility AES Corp to craft their own rules on the right to call special investor meetings, in place of versions proposed by shareholders.
“AES is playing games with this,” Bertsch said in a telephone interview late on Thursday, adding that existing guidance from the top U.S. securities regulator should have been enough to protect the resolutions.
The council, whose members include big pension funds and asset managers like BlackRock Inc and Vanguard Group, raised its concerns to the SEC directly in a Jan. 31 letter seen by Reuters.
Under Chairman Jay Clayton the SEC has taken steps seen as favoring businesses, such as allowing companies to confidentially file paperwork for initial public offerings. Clayton said at a November conference he hoped to reconcile concerns about the cost of shareholder resolutions with the corporate governance improvements they can bring about.
Spokespeople for AES and the SEC declined to comment, and the SEC did not make Clayton available for an interview.
Shareholder resolutions have taken on a new importance as fund firms seek money from investors concerned about climate change and corporate governance. [nL1N1IX15V]
The SEC has already taken steps that could raise the bar for filers, such as allowing more resolutions to be skipped as “ordinary business.” [nL1N1OX1EX]
The AES resolution and a similar one at CF Industries Holdings Inc were filed by independent investor John Chevedden. Both called for shareholders with at least 10 percent of shares to be able to call special meetings, which can put pressure on management.
The companies requested SEC permission to leave the proposals off their proxies. Each company said it planned instead to offer shareholders a resolution to set the special meeting threshold at 25 percent of shares, a higher standard that could protect executives and directors.
The SEC sided with AES in December, and with CF on Jan. 30, saying Chevedden’s measures conflicted with the management proposals. A CF spokesman did not respond to messages.
In an interview, Chevedden said shareholders could logically vote for both standards to see which had more support. Now, he said, shareholders would “only get to hear management’s side.”

BOSTON (Reuters) - Apple Inc (AAPL.O) is pushing back on shareholder proposals on climate issue and human rights concerns, an effort activists worry could sharply restrict investor rights.
FILEP PHOTO: The logo of Apple (AAPL) is seen in Los Angeles, California, United States, April 22, 2016. REUTERS/Lucy Nicholson/File Phot
In letters to the U.S. Securities and Exchange Commission last month, an attorney for the California computer maker argued at least four shareholder proposals relate to “ordinary business” and therefore can be left off the proxy Apple is expected to publish early next year, ahead of its annual meeting.
The attorney, Gene Levoff, cited guidance issued by the SEC on Nov. 1 saying that company boards are generally best positioned to decide if a resolution raises significant policy issues worth putting to a vote.
While companies routinely seek permission to skip shareholder proposals, Apple’s application of the new SEC guidance shows how it could be used to ignore many investor proposals by claiming boards routinely review those areas, said Sanford Lewis, a Massachusetts attorney representing Apple shareholders who had filed two of the resolutions.
Were the SEC to side with Apple, “this would be an incredibly dangerous precedent that would essentially say a great many proposals could be omitted,” Lewis said.
An Apple spokesman declined to comment beyond its letters to the SEC.
An SEC spokeswoman declined to comment. Officials had previously said the new guidelines were only meant to improve the resolution process.
Often seen as distractions in the past, shareholder measures have taken on new significance as big asset managers increasingly back those on areas like climate change or board diversity.
Apple cited the SEC’s new guidance among other things in seeking to omit the shareholder measures from its proxy, according to letters Apple sent to the SEC.
These include calls for Apple to take steps such as establishing a “human rights committee” to address concerns on topics like censorship, and for Apple to report on its ability to cut greenhouse gas emissions.
In its letters Apple offers details of why the resolutions are not necessary.
In the case of the measure on greenhouse gas emissions, filed by Jantz Management of Boston, for instance, Apple argues it already has taken many steps to improve the sustainability of its operations such as switching to greener materials and helping suppliers use more renewable energy.


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Question: Reyes returns as Cardinals lose 3-2 to Brewers

"Obviously, we're going to be extra cautious with him," Matheny said.
Reyes was 4-1 with a 1.57 ERA two years ago, striking out 52 in 46 innings. He felt pain during a pre-spring training bullpen session in February 2017 and was operated on by Cardinals physician Dr. George Paletta.
Reyes went 3-0 in four minor league injury rehabilitation starts this month at Class A Palm Beach and Peoria, Double-A Springfield and Triple-A Memphis. He struck out 44 in 23 innings.
"This was the first time he's had to work," Matheny said. "All those minor league rehab starts he had barely had anybody on base. So, he had to bear down. Didn't give up any runs. His stuff looked right. His stuff looked good."
Arcia was recalled from Triple-A Colorado Springs. He was sent down to work on his batting and was surprised at being recalled so soon.
"Things weren't going my way and they wanted me to go down there to work on my hitting and reset everything." Arcia said through a translator. "Thankfully, things were starting to go a lot better."
He looked pretty good in the seventh. With two out and runners on first and second, Arcia stopped a 0-for-15 slide with a base hit against Sam Tuivailala (1-1).
Jeremy Jeffress (5-0) got the win despite allowing two runs in the top of the seventh. Josh Hader struck out the side in the eighth and got two outs in the ninth, and Corey Knebel struck out Jose Martinez for his fifth save in seven chances.
Milwaukee went 1 for 10 with runners in scoring position, but the NL Central leaders still improved to 19-8 in May, setting a team record for wins in the month. Christian Yelich homered for the Brewers, and Erik Kratz had two hits and scored a run.
Harrison Bader homered for St. Louis, and Dexter Fowler had three singles.
MAKING MOVES
Reyes was reinstated from the 60-day disabled list. Right-hander Mike Mayers was optioned to Memphis, and right-hander Dominic Leone was transferred to the 60-day DL. Leone has been out since May 5 with right upper arm nerve irritation.
TRAINER'S ROOM
Cardinals: Fowler returned to the starting lineup after missing three games with a bruised right knee. He was hit by a pitch Saturday at Pittsburgh. ... LF Marcell Ozuna was a late scratch and replaced by Tyler O'Neill. Ozuna pinch-hit in the ninth and walked.
Brewers: SS Tyler Saladino (left ankle sprain) was placed on the 10-day DL. He got hurt Tuesday night. Eric Sogard started in his place, and Arcia took over in the seventh.
UP NEXT
Cardinals: RHP Jack Flaherty (2-1, 2.15 ERA) is scheduled to make his third career start against Pittsburgh on Friday. RHP Trevor Williams (5-3, 3.43 ERA) starts for the visiting Pirates.
Brewers: RHP Chase Anderson (4-3, 4.42 ERA) faces the Chicago White Sox on Friday night in the opener of an eight-game trip. He beat the White Sox 5-1 for Arizona in his major league debut on May 11, 2014.
___
More AP baseball: https://apnews.com/tag/MLBbaseball
By Joe Totoraitis, The Associated Press

Giancarlo Stanton homered again, tying the Miami Marlins' season record, and he became the sixth fastest player to reach 250 career homers.
With one swing of the bat in Sunday's 5-3 win over the Colorado Rockies, Miami Marlins slugger Giancarlo Stanton made history in a couple of ways.
Stanton's third-inning home run off Rockies starter German Márquez was his 42nd of the season, tying Gary Sheffield for the Marlins' single-season record, set in 1996.
Even more impressive, it was career home run number 250. Only Ryan Howard, Ralph Kiner, Harmon Killebrew, Albert Pujols and Juan Gonzalez reached the milestone faster than Stanton, 27.
"It's been fun," Stanton told reporters after the game. "It's been a fun challenge every night for me.
"There's sometimes where if [a pitcher] throws his pitch, it's going to get demolished. Can't explain it. As long as I get extension and lift on the ball, it's going to go."
Thanks to Stanton, the Marlins completed a three-game sweep of Colorado at Marlins Park. He homered in all three games.
SUNDAY'S RESULTS
Washington Nationals 2-4 San Francisco Giants
Washington Nationals 6-2 San Francisco Giants
Detroit Tigers 4-6 Minnesota Twins
Miami Marlins 5-3 Colorado Rockies
Milwaukee Brewers 7-4 Cincinnati Reds
St Louis Cardinals 3-6 Atlanta Braves
Oakland Athletics 9-3 Baltimore Orioles
Arizona Diamondbacks 2-7 Chicago Cubs
Toronto Blue Jays 7-1 Pittsburgh Pirates
Tampa Bay Rays 3-4 Cleveland Indians
Philadelphia Phillies 2-6 New York Mets
Chicago White Sox 6-14 Kansas City Royals
Texas Rangers 1-2 Houston Astros
Los Angeles Dodgers 6-4 San Diego Padres
Seattle Mariners 2-4 Los Angeles Angels
New York Yankees 2-3 Boston Red Sox
SALE SINKS YANKEES
In a key matchup with the rival Yankees, Red Sox lefty Chris Sale performed brilliantly, striking out 12 and yielding only four hits and one earned run in seven innings of work.
Royals second baseman Whit Merrifield homered, tripled and drove in five runs in Kansas City's win. He went three-for-six at the plate.
PARKER IN GAME TO FORGET
Giants outfielder Jarrett Parker struck out six times and went 0-for-nine against the Nationals in a doubleheader. He stranded five runners in the opener.
GORDON DENIES DELMONICO
Nicky Delmonico was probably thinking "home run," but Royals centrefielder Alex Gordon was thinking, "this is the final out."
BRAVES AT ROCKIES
On Monday, Rockies pitcher Chad Bettis will make his first MLB start since being diagnosed with testicular cancer last November. The 28-year-old right-hander underwent surgery and later chemotherapy in his treatment. He was 14-8 with a 4.79 ERA last season. Bettis will face Julio Teheran (7-1, 5.25 ERA)


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Question: Diplo’s Yeezy Season 6 Campaign Photo Shoot is Glorious Beyond Belief

Photo: Scott Kirkland / PictureGroup / Sipa / USA Today
By Scott T. Sterling
Diplo has a brand new look, and it’s his hottest yet.
Related: Diplo Donates $100k to Vegas Victims’ Relief Fund
The notorious DJ took it upon himself to join Kanye West’s Yeezy Season 6 promo campaign, sharing his own inimitable take on a recent photo shoot for the collection.
In case you missed it, the shoot features the likes of Paris Hilton, model Amina Blue and adult film actress Lela Star all posing as Kim Kardashian from a series of famous paparazzi photos.
Diplo hopped on social media to share his very unofficial contribution to the campaign, which is quite frankly, flawless.
See the stunning results below.
Don’t just take our word for it. Kim Kardashian herself has seen the photos, and she’s all about them, sharing her response on Twitter.
A topless Diplo rocking a waist-length blond wig is one very hot Diplo. Here’s hoping he holds onto this edgy new style for a while.

This is fantastic !!! Everyone wanted to be a Toys R’ Us kid right?
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Question: How Monopoly Man Won The Internet

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Monopoly Man became the Internet crush of the day on Wednesday, after upstaging former Equifax CEO Richard Smith at a Senate hearing on the company's massive data breach.
The board game character, whose name is Rich Uncle Pennybags, was brought to life by Amanda Werner, an arbitration campaign manager for Public Citizen and Americans for Financial Reform, groups that advocate for consumer rights and protections.
Almost immediately, the monocle, mustache, top hat, pillowcase-sized bag of (#fake) Benjamins became a social media sensation.
The most unlikely viewers tuned in to the Senate Banking Committee hearing to watch Werner troll Smith, who was facing a roomful of angry senators after a hack that may have exposed the personal information of more than 145 million people.
People loved it.
"It was a very calculated move," said Werner, who prefers the pronouns "they" and "them," adding that it was hilarious to watch the scene become a meme in real time.
Werner mugged and preened for the camera and somehow, in a week dominated by sad and distressing news, gave people what they didn't know they wanted: a delightful reprieve.
Here is how Werner staged the viral protest — without getting kicked thrown out of the Capitol.
An alarm and an intern
Werner has attended a slew of Senate hearings and has even provided pro-consumer rights testimony in some cases. That is how the activist knew that getting on TV is all about location — and staying within the camera's frame.
The problem is that seats in the audience tend to fill up quickly, Werner explained.
"Luckily we have a very dedicated intern here," Werner said. "He showed up at 7 a.m. and held a spot in line for me so that we could get that prime seat." The one directly behind Smith, who was the target of the grilling.
Apparently, the intern was the first person in line.
During the hearing, Werner followed #MonopolyMan's rise to stardom in real time on a phone. Over Twitter, Werner was able to figure out the best angles as their head floated in and out of the camera's view. At one point Werner peered over Smith's shoulder using the monocle to inspect the back of the millionaire's head; at another point they knowingly stroked the perfectly shaped mustache glued to their face.
Honed tone
Werner set out to garner as much publicity as possible for the type of advocacy work Public Citizen does on behalf of consumers.
"We wanted to do something to get people's attention," Werner said of the hours-long photobomb, adding that people's eyes tend to glaze over when anyone utters the words "forced arbitration."
Knowing that is the catalyst for coming up with creative protest ideas, Werner explained.
They added that given the somber tone of news coverage around the deadly shooting in Las Vegas this week, the goal was to inject a little humor into public discourse.
"I think this week has been a particularly rough week on the American psyche so I think people needed a little bit of levity," Werner said.
It certainly inspired tens of thousands of happy face crying emojis on Twitter and on Facebook.
The decision to go the funny route is in stark contrast the health care protests on Sept. 25 during a hearing on the most recent Republican plan to replace the Affordable Care Act. Demonstrators began chanting, delaying the start of the hearing. Fifteen people were arrested and charged with disruption of Congress, according to U.S. Capitol Police. Dozens, staging die-ins in the hallway, were arrested and charged with crowding, obstructing or incommoding.
"There are a lot of different methods of protest and they all work for different instances," Werner said. "You have to decide which is the best for your particular situation."
Ultimately, Werner argued, a good protest leads to action. The notoriety is great to call attention to the cause, they said. But Werner added, "I hope that the effort [Wednesday] will make people not only laugh at the Monopoly Man and retweet these funny pictures but also to call their senators and tell them to vote no on SJ Res 47."
The bill would overturn a new rule intended to ban financial service providers, including banks and credit card companies, from using mandatory arbitration clauses to resolve their disputes and avoid class action lawsuits.
Fashion statement, not statement statement
There are certain lines that members of the audience at committee hearings cannot cross. They do not appear to be listed on the Capitol Police website, but here are a few guidelines that Werner has collected.
Wearing a costume? That is allowed.
Werner was a little concerned that the Capitol Police would not allow the top hat, but they didn't give it a second look.
In fact, Werner recalls hearing a story about another demonstrator who dressed as Abraham Lincoln, complete with the beard and requisite foot-long stove pipe hat, and legend has it he was allowed to wear it throughout the proceedings.
Holding up a sign? That is against the rules and can get people thrown out.
Werner knew that going in, but that didn't stop them from briefly holding up a yellow "Get out of jail free" card that appeared on screen a few times. "I didn't hold it up long," Werner confessed.
"I was a little afraid that as I was wiping my forehead with the $100 bill or doing other things that were calling a lot of attention to myself, that I might get warned," they said.
But the only warning Werner received was for holding a giant bag of money on their lap, which they immediately set on the floor.
Another word-of-mouth tip Werner has received: Writing messages on one's clothing is permitted.

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Question: USD shorts rising, EUR longs pushed higher - Rabobank

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According to IMM Net Speculators’ Positioning as at August 8, 2017, for the third consecutive week net USD positions held in negative territory, with shorts rising to their highest level since April 2014, notes the analysis team at Rabobank.
Key Quotes
“Weak US inflation data and the pull of low bond yields are weighing on the USD with the crisis of words between the US and N. Korea having little discernible impact on last week’s data.”
“GBP shorts eased moderately, though they remain largely consolidative. Against a backdrop of strengthening world growth, UK economic data have been generally sluggish. Slowing growth and news that 2 rather than 3 members of the MPC voted for an immediate rate hike in August have weighed on the pound in the spot market.”
“EUR longs pushed higher again last week to reach their highest levels since 2007. Better Eurozone economic data and Macron’s success in the French parliamentary election have triggered a rotation back into the EUR this year. Focus is firmly on the ECB and any hint that it is preparing to taper its QE programme next year.”
“JPY shorts dropped for a third week amid a rise in tension between the US and N.Korea. The BoJ has maintained very dovish rhetoric in contrast to several other central banks. However, demand for safe haven remains a primary influence for the JPY.”
“CHF positions fell back into negative territory probably. The improvement in the Eurozone economy should over time reduce safe haven demand for the CHF. However, this outlook is now complicated by tension between the US and N.Korea.”
“CAD longs continue to march forward as the market debates whether the BoC could be prepared to hike rates again soon. AUD longs consolidated. The previous week they had moved to their strongest level since April 2013 supported by this year’s recovery in iron ore and coal prices.”

What you need to know for Tuesday:
· Korea tensions managed to ease slightly on Monday, as U.S. officials played down war risks, resulting on risk-sensitive assets such as Yen, Swissy or Gold being offered. Note, moves appear to be less about risk on, and more about risk not off as players cover against weekend hedges given there were no major incidents. Central Intelligence Agency Director Mike Pompeo and National Secretary Advisor H.R McMaster, both talked down prospects of conflict on Sunday, in line with recent comments via US Secretary of State Rex Tillerson.
Geopolitics remains a key thematic - ANZ
Market wrap: risk-off trade continues to fade - Westpac
Forex today: dollar benefits from less risk-off
A diplomatic solution to the North Korea missile crisis? - UOB
Theme of the week: Risk-on, risk-off - ING
· Worth keeping in mind its Liberation Day in North Korea today, which suggests that the prospect of Kim flexing his military muscle might not be so distant. Actually, in early hours of Asian this Tuesday, some heated headlines are starting to cross the wires, reading that North Korean Leader Kim Jong Un was visiting headquarters of Army Strategic Force, being briefed on a plan to launch missiles towards Guam, Yonhap reports. Later on, a Wall Street Journal report, citing Pyongyang's state media, read that North Korean leader Kim Jong Un has decided not to launch a threatened missile attack on Guam for now.
North Korea has decided not to launch a missile attack on Guam - WSJ
· The RBA minutes are due on Tuesday. According to NAB, "They are unlikely to add too much more given the Governor's comprehensive grilling at the Parliamentary Testimony and the recently released August Statement on Monetary Policy. Going forward, it will be important to monitor the labour market's track towards full employment. The RBA will likely begin to remove policy accommodation before the economy approaches full employment."
· German prel GDP Q2 due on Tuesday: The data is expected to come slightly better than Q1. According to Valeria Bednarik, Chief Analyst at FXStreet, "German growth can boost the common currency back higher, particularly on an upward surprise."
· UK CPI/RPI/PPI releases on Tuesday: Overall, as in the case of US data later on the day, the UK economy is expected to publish a slight improvement in economic data (when compared to its prior month). However, based on the BoE’s July forecast on its Inflation Report, if any improvement on prices is confirmed, should certainly be marginal. According to Nomura Economists, "Food prices may rise during July in contrast with July 2016’s fall. But fuel prices look set to decline by just over 1% in July this year compared with a small rise a year ago."
UK: Data this week won’t tempt the BoE into hiking rates - ING
· US data dump (retail sales, empire state manuf, import prices) due on Tuesday. The economic data in the US are expected to come better than the prior month across the board, suggesting that any potential discount in USD-denominanted assets may see market participants willing to commit to long-sided USD business ahead of the events. According to Nomura Economists, "Our forecast is consistent with our view that personal consumption growth in Q3 will remain steady after contributing solid 1.93pp to Q2 real GDP growth. Our view is, in part, based on our view that high business optimism could continue in the near term despite recent moderation."
The week's key data events ahead - Nomura
· Fed's Dudley crossed the wires on Monday, noting that he eyes Sept balance sheet move, sees one more rate hike this year. Fed’s Dudley provided a late lift to USD assets, saying that he still favors another 2017 rate hike, adding that the economic outlook is little changed since the beginning of year.
Fed's Dudley: Still sees US growth at 2%
· Markets are awaiting documents to be published by the UK government setting out Britain's strategy for Brexit
Brexit volatility here we come?
Watching GBP/USD this week and next - Nomura
· According to the latest NY Fed Survey, 3y ahead US inflation expectations dip to 2.7% from 2.8%
Inflation expectations mostly steady - NY Fed - Survey of Consumer Expectations
· President Trump signed a memo addressing “China’s laws, policies, practices, and actions related to intellectual property, innovation, and technology” in what may unravel into an all-out trade war with China.
Trump trade probe will 'poison' relations - China Daily - Reuters
· Germany’s Schaeuble: Hope ECB's low-interest rate policy ends soon
German FinMin Schaeuble: ECB needs to be careful when ending ultraloose monetary policy
· Euro zone June industry output dropped by more than expected
Eurozone: Industrial production drops by 0.6% in June - ING
· Japan Q2 GDP sees improvement, helped the case for higher Yen crosses early Monday. Data came at +1.0% q/q, +4.0% annualized, vs +0.6% and +2.5% fcast.
Japan: Strong GDP figures - BBH
· China data dump disappointed, with China Jul retail sales, +10.4% vs +10.8% fcast , Jul Industrial output, +6.4% vs +7.2% fcast , Jan-Jul urban investment at +8.3% vs +8.6% fcast.
China: Disappointing economic data releases - BBH
China: Economic activity growing a bit slower - ING
China: Data generally weaker in July, returning to trend after strong June - NAB
· Be aware of Bank holidays in Europe this Tuesday (France and Italy)
Currency summaries:
EUR/USD
· Slow grind lower to retest origin demand from last Friday's US CPI-led spike, control of 1.1750-70 critical
· Move lower leads to 20-hourly sma to cross below 200-hourly sma, warning ign for bulls
· DE Q2 GDP and US July retail sales are key data risks for Tuesday
· German vs US bond yield curve recovers off recent lows bu 10y yield spread at multi-week lows
GBP/USD
· Choppy conditions sub 1.30 remain in place, familiar pattern (1.30 rejected) seen
· Brexit-related econ uncertainty and BoE less hawkish stance continue to weigh
· UK CPI Tues Rtrs f/c 2.7% V 2.6% Pvs, unemployment/earnings Wed, RS Thurs
· Both yield spread (10y) and yield curve suggest value on selling rallies
· Overall, low volume day awaiting further developments on the N Korea-US conflict
USD/JPY
· Daily bounce produces a bullish outside day, communicates potential interim bottom
· Pair subject to new developments between North Korea and the US
· Upmove mainly fueled by removal of weekend hedges as no catastrophic event on North Korean story so far
· 110 should prove a tough nut to crack on lingering risk-off background, convergence with 200-hourly sma
· Recovery in line with bounce on yield spreads, slightly higher US 30Y yield, lower gold
AUD/USD
· Bearish engulfing bar on the daily, lower close in more than a month despite recovery of risk
· Depressed price action despite recovery in risk sentiment strengthens notions latest price drive in FX more to do with hedges off vs true risk on
· Demand expected to be solid between 0.7830-7800 on residual demand from July 18 strong demand bar
· Lower commodity prices (as per CRB index) + flat yield spread + fluid situation in North Korea don't make case for much higher levels


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Question: Severe Weather Awareness Week serves as educational tool

A tornado siren in Oakland County. (Oakland Press file photo)
The siren will sound across Michigan at 1 p.m. on Wednesday, April 19th.
That would be a tornado siren and its only a drill, which is a part of Michigans Severe Weather Awareness Week.
Sara Stoddard, Oakland County chief of emergency management, said this week works great as an educational tool.
This program is geared toward educating individuals about severe weather safety and the Oakland County Outdoor Warning System, said Stoddard. Oakland County wants to provide accurate timely warnings to everyone to help save lives. Oakland County has 275 outdoor warning sirens, that are intended to inform people who are outdoors of inclement weather in or approaching Oakland County.
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Stoddard said she encourages schools and businesses to test their emergency preparedness plans and tornado drills in conjunction with the 1 p.m. statewide test on Wednesday.
Oakland County Homeland Security Division will sound the sirens, said Stoddard. In the event there is inclement weather in or around Oakland County at 1 p.m., the test will be canceled,
If the test is cancelled, it will be rescheduled for Thursday at 1 p.m.
To be ready for a tornado includes:
 Identify the lowest place to take cover during a tornado. If a basement does not exist, find an interior hallway away from windows, doors, and outside walls.
 Go under something sturdy such as a workbench or stairwell when taking shelter in the basement or designated spot.
 Conduct regular tornado drills. Make sure each household member knows where to go and what to do in the event of a tornado.
Tornadoes can occur during any time of the year, but are especially common during the late spring and early summer months, according to Michigan State Police.
Tornadoes can develop rapidly, with little or no warning, said Capt. Chris A. Kelenske, Deputy State Director of Emergency Management and Homeland Security and commander of the Michigan State Police/ Emergency Management and Homeland Security Division. Due to their unpredictable nature, we must be ready well in advance. Were asking residents and businesses to take a few extra steps during the week to ensure theyre prepared.
For more information about being safe before, during and after a tornado, follow the Michigan Emergency Management and Homeland Security Division on Twitter at @MichEMHS or go to michigan.gov/miready.
Emergency preparedness information is also available at ready.gov/tornadoes.
We (Oakland County) have a great deal of information related to weather emergencies and preparedness efforts on our websites at oakgov.com/homelandsecurity, said Stoddard.

AUGUSTA – The Maine Center for Disease Control and Prevention held the 8th annual Lyme Disease Awareness Month Poster Contest to raise awareness and knowledge about prevention against tick-borne illnesses. This year's theme was "Be Tick Smart" and called for students to illustrate at least one preventative method on the poster.
Start the conversation, or Read more at State of Maine.


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Question: Australia shares end lower on falling materials, energy; NZ down for a second

(Updates to close)
April 13 Australian shares ended the last session of the week lower, as materials and energy stocks fell because concerns about rising inventories and a possible glut.
Globally, geopolitical tensions and President Donald Trump's comment that the dollar "was getting too strong," and expressed preference for low interest rates made investors jittery and weakened the greenback.
The S&P/ASX 200 index was down 0.8 percent, or 45.358 points, to 5,888.6 at the close of trade. On the week, the index gained 0.4 percent.
Miners in the region fell on overnight losses in Chinese steel and iron ore futures which fell to their lowest prices in months as market sentiment turned bearish on the demand outlook.
Iron ore on the Dalian Commodity Exchange was down 0.6 percent at 0628 GMT.
BHP Billiton lost 4 percent in its third straight losing day, while shares in Fortescue Metals declined 6.8 percent in its sixth straight falling day, hitting its lowest in five months.
Fortescue Metals said it sees iron ore prices continuing to fall to between $60 and $65 a tonne as imports to China continue to rise, even after it reported a 6 percent fall in third-quarter shipments on Thursday.
Shares of the miner were down 6.8 percent, hitting their lowest in more than 5 months.
Energy stocks lost as crude oil futures slid for a second session on Thursday, on rising U.S. production stoking worries about global oversupply.
Woodside Petroleum lost 2.1 percent, its steepest intraday loss in more than two months.
Whitehaven Coal ended the session 6.9 percent lower after reporting a 11 percent decline in quarterly coal sales.
Regionally, data showing that employment in March rose by 60,900 in Australia, beating expectations, also failed to cheer the market.
New Zealand's benchmark S&P/NZX 50 index ended 0.3 percent, or 21.74 points, lower at 7,229.8, adding to the 0.2 percent weekly loss.
Utility companies Meridian Energy and Contact Energy lost over 1 percent, while poultry products distributor Tegel Group led the losses, shedding 2.5 percent.
The Australia and New Zealand markets will be closed on April 14 for Good Friday. (Rreporting by Susan Mathew in Bengaluru)

Hong Kong stocks end at 3-week low as rates rise
June 15 Hong Kong stocks fell to a three-week low on Thursday, led by the property sector, as borrowing costs in the city looked set to rise after a U.S. interest rate hike.


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Question: Courtney Cole: My Favorite Things

In 2016 newcomer Courtney Cole released her new single, “Free 99,” she’s been on tour with Miranda Lambert as part of her Roadside Bars & Pink Guitars Tour and opened for acts like Kenny Chesney, Chris Young and Kip Moore. After a busy 2016, the Louisiana native is looking forward to the new year and what’s to come.
“2017 looks so fun,” Courtney tells Nash Country Daily. “I’m so excited, we’re booking a bunch of shows right now. I love traveling. We’re playing Stagecoach [Festival] this year, which is a dream come true for me. I love California. I’m a cowgirl at heart. So we’re doing that, then I’m releasing an EP. Just new music and lots of performing.”
With 2017 in full swing, NCD sat down with the newcomer to learn more about her and to find out a few of her favorite things.
Favorite color?
Blue.
Favorite ice cream?
Chocolate chip cookie dough.
Favorite flower?
Tulip. No lily.
Favorite song?
Right now, I love to listen to Jon Bellion.
Favorite movie?
The Holiday.
Favorite item of clothing?
Yoga pants.
Favorite drink?
Margarita.
Favorite food?
Mexican food.
Favorite actor/actress?
Julia Roberts.
Favorite board game?
Cards Against Humanity. Fave.
Favorite number?
Eight.
Favorite day of the week?
Sunday.
Favorite season?
Summer.
Favorite sport?
Football, just because of nachos.
Favorite scent?
Whatever lotion I’m wearing. Rose something.

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Question: Akayed Ullah identified as suspect behind NYC bombing

The suspect in a terror-related attack in New York City has been identified as Akayed Ullah, a 27-year-old Bangladeshi immigrant who lives in Brooklyn.
The suspect — who had the device affixed to his body by velcro and zipties, according to police — was being treated for wounds and burns at Bellevue Hospital.
“He did make statements but we’re not going to talk about that right now,” NYPD Commissioner James O’Neill said at a press conference after the Monday morning incident in a subway passageway near the Port Authority Bus Terminal.
Authorities said it was unclear if the man planned for the device to explode where it did or if he had another target.
Mayor Bill de Blasio said it appeared the suspect acted alone.
“All we know of is one individual who thank god was unsuccessful in his aims,” de Blasio said.
(Source: NBC News)

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Police and firefighters block off streets near the Port Authority Bus Terminal in New York City after a possible pipe bomb explosion in an underground passageway caused chaos during morning rush hour yesterday.
A 27-year-old injured suspect has been detained, the police tweeted.
FOR MORE, SEE
Foiled terror attack in New York as bomb explodes without serious harm


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Question: Bernie Sanders kicks off cross-country tour, wants change

PORTLAND, Maine (AP)  Independent U.S. Sen. Bernie Sanders gained roars of approval from a friendly crowd on Monday as he called for a radical transformation of the Democratic Party into a grassroots movement founded on the tenets of his unsuccessful Democratic presidential campaign: fighting against the billionaire class and rigged economic and political systems.
Sanders, of Vermont, and Democratic National Committee Chairman Tom Perez, who faced some boos as he spoke, launched a cross-country tour together in Maine, where Sanders won the Democratic presidential caucuses. The tour will take them from Maine to eight other states, including Florida, Arizona, Montana and Nevada.
Sanders, who ran as a Democrat against Hillary Clinton but returned to the Senate as an independent, said the Democratic Party must stop ignoring half the nation's states and take on corporate greed on behalf of the working class. Perez urged attendees to resist Republican President Donald Trump by winning seats in Congress, statehouses and school boards.
"That's what we will do: Fight like hell with you," Perez said.
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A crowd of roughly 1,200 filled the State Theatre, with the loudest cheers for Sanders and jeers at mentions of the "1 percent" and Trump's executive orders and proposed budget cuts.
"Our vision for the future of this country is a very different vision than yours," Sanders said, as he called for living wages, protecting Planned Parenthood and fighting income inequality.
He also said he's introducing legislation to create a single-payer health care system.
Some in the crowd also booed at the first mention of the Democratic National Committee. Perez's predecessor, Debbie Wasserman Schultz, resigned after Sanders' campaign pounced on leaked emails that they said showed party officials had favored Clinton during the primaries.
Some attendees said it's time to unite and reform the Democratic Party, while others said they're skeptical of the political establishment and big money in politics.
Sean Potter, a Sanders supporter and musician from Falmouth, said he was curious to hear from Sanders, whom he noted "kind of got shafted by" the Democratic Party.
Sander's appearance comes as Democratic parties nationwide are trying to appeal to the working class in states including Maine, where a resurgent Republican Party in the last decade has gained ground in rural communities roiled by the closing of paper mills and sluggish economic growth.
Sanders drew thousands to a rally at the civic center in Portland in July 2015, showing he was more than a fringe candidate. In the end, he earned nearly two-thirds of the ballots cast in Maine's Democratic presidential caucuses to beat Clinton. Clinton, though, won the party's presidential nomination.
Sanders also did well in rural areas that supported Republican candidate Ted Cruz, a U.S. senator from Texas, in the primary and Trump in the November election.
Troy Jackson, a logger from the northern Maine town of Allagash and the Maine Democratic Senate leader, said it's time that Democrats to work harder for those communities.
"Where I'm from, people live their lives far removed from the powerful elites that seem to hold their destinies in their hands," he said.
Jackson also said he's "heard from a lot of pundits that the average American feels powerless."
"We know it's rigged," he said.
Elissa Moore drove two hours to the rally from Dover-Foxcroft, where she voted for Clinton but has remained a "big fan" of Sanders. She's increasingly become involved with politics since Trump's inauguration and worries that gay, lesbian, bisexual and transgender people will suffer under his administration.
"Republicans picked up on something, whether it was racism or small-town America not feeling respected or understood," said Moore, a mother and occupational therapist. "Democrats have the reputation of being elitist. That offended people when they went to vote."
Trump has denounced racism and has promised to "make America great again."

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Bernie Sanders is revving the engines of his long-promised “political revolution.”
The Vermont independent senator, who caucuses with the Democrats, is tapping back into his national network of supporters. He’s drawing millions of viewers for events he streams live on Facebook. And he’s delivering a series of speeches designed to counter President Donald Trump and offer his own progressive vision.
Taken together, his moves in 2018’s first weeks show that Sanders is road-testing ways to deliver a message tailored to the Trump era without filters, and to activate his supporters behind it — even as he insists publicly and privately that it’s too early to commit to a 2020 presidential run.
“We are starting to see the beginning of a political revolution, something long overdue,” Sanders declared after scanning the progressive anti-Trump resistance in his live-to-Facebook response to Trump’s State of the Union this week.
There is ample reason to doubt a Sanders 2020 run: He’d be 79 years old on election day. His wife, Jane Sanders, is embroiled in a federal investigation into a land deal she made while president of Burlington College. And an awkward clash with a local newspaper reporter showed that Sanders may be uncomfortable entering the race as a front-runner, where the scrutiny is more intense and impossible to control.
But the next presidential race is on the minds of Sanders’ allies. A number of top aides involved in his 2016 campaign huddled recently and discussed what a 2020 presidential run would look like — a meeting first reported by Politico.
Still, Sanders’ camp insists he’s focused now on helping Democrats — particularly like-minded progressives — win this year, in hopes of stymieing Trump for the latter half of his first term.
“That’s really where his head is at, is ‘How do we put a check on the President?'” said Jeff Weaver, Sanders’ 2016 campaign manager. “For everybody who is horrified about what this White House is trying to do, having a Democratic-controlled Congress — even one house of Congress — would be a tremendous check.”
2018 plans
Sanders intends to travel extensively to support progressive candidates. First up, aides said, is likely a Midwestern trip where Sanders would campaign for three Democratic House contenders: Chuy Garcia in Illinois, Sanders presidential campaign veteran Pete D’Alessandro in Iowa and Randy Bryce, who is challenging House Speaker Paul Ryan in Wisconsin.
For the midterms, Sanders also plans to re-activate his “distributed organizing network” of supporters — the massive network of volunteers who made tens of millions of calls and texts for his presidential campaign — to help Democrats Sanders supports.
Such a trial run would be a luxury if he were to run for president in 2020. Sanders’ 2016 campaign started as a shoestring operation and expanded on the fly as he gained momentum; he’d enter 2020 with an infrastructure and network far larger than those of any other Democrat, and with many of the kinks already worked out.
Bernie TV
Since the 2016 election, Sanders has also built a massive collection of Facebook videos — and is now beginning to host his own live events, circumventing the mainstream political press while attracting massive audiences.
Most clips are short — between one and three minutes. His staff posts as many as five videos a day — often just packaging, adding context and slapping a logo onto Sanders’ remarks in TV interviews or at public events. Sanders brought on NowThis News’ Armand Aviram to help produce them. And, spokesman Josh Miller-Lewis said, the senator personally weighs in on the videos’ content “all the time. It’s one of his biggest areas of focus.”
The short videos are posted on his Senate Facebook page, which has 7.5 million followers. (His campaign page has another 5 million.)
They get attention — combined, his “Medicare for all”-focused videos have more than 100 million views since August.
But the biggest events are Sanders’ livestreams. He drew 1.1 million live viewers for a “Medicare for all” town hall in January — an evening audience that rivaled cable news networks — and 2 million viewers total. His State of the Union response got 1 million total viewers.
Sanders has partnered with progressive online news outlets to air his events. He’s also launched his own podcast.
Big speeches
He’s also making sweeping speeches focused on topics far removed from Trump-focused news cycles. On Wednesday, Sanders delivered a speech focused on climate change — a notable omission in both Trump’s State of the Union and Massachusetts Rep. Joe Kennedy III’s official Democratic response.
But while Sanders is most comfortable talking about his bread-and-butter issues — Medicare for all, climate change, college affordability and income inequality — he’s also taking Trump on in cultural terms.
At a Latino Victory Fund event this week, Sanders labeled the Trump White House “the most extremist, reactionary, xenophobic, bigoted and thankfully, in many ways, the most inept and incompetent administration in the history of our country.”
“What Trump and his friends are trying to do is exploit old fracture lines in our society — racism, sexism, homophobia, Islamophobia, religious bigotry,” he said. “In these dismal times, it is more important now than ever that we offer a vision to the American people — a vision of hope; a vision of what this nation can become.”


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Question: Beaver herds cattle in Sask.

Call it a cow-beaver.
Ranchers northeast of Regina are shaking their heads after watching a herd of curious bovines slowly follow a beaver across one of their pastures.
Adrienne Ivey and her husband Aaron were out checking their 150 cattle near Ituna, Sask., on Good Friday when they noticed something odd.
The cattle were gathered together and walking slowly behind a beaver, with some of the heifers lowering their heads to get a closer look at the furry cowboy with a funny-looking tail.
When the beaver stopped, the herd would stop, and then follow again when the rodent resumed its stroll.
Ivey says they are used to herding their cows with horses or quads, but nothing like this.
She says young cattle are naturally curious, while the beaver seemed to ignore all the attention.
“We knew that people would get a great chuckle out of it because you cannot get more Canadian than that,” said Ivey, who posted a video of the beaver-bovine cattle drive on Facebook.
“We talk about how awesome our Canadian beef is, but a beaver leading cattle around? It’s the most Canadian thing ever!”
Ivey said the beaver was probably looking around the pasture for a place to build a dam.
Video of the beaver and cattle can be seen at:

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Question: Iran's leader names conservative cleric to arbitration body

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Iran's state TV says the country's supreme leader has appointed a conservative cleric to head a council tasked with mediating disputes between government bodies.
Monday's report says Supreme Leader Ayatollah Ali Khamenei appointed Ayatollah Mahmoud Hashemi Shahroudi as the new chief of the arbitration body — known as the Expediency Council — for the next five years.
Shahroudi replaces former Iranian President Akbar Hashemi Rafsanjani who died in January after heading the council for more than 27 years.
Shahroudi served as the chief of the Iranian Judiciary for 10 years, from 1999 to 2009.
The council was created in 1988 and its main responsibility is to resolve differences or conflicts between the country's parliament and Iran's constitutional watchdog.

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Ex-Iranian President Mahmoud Ahmadinejad reacts as he submits his name for registration as a candidate in Iran's presidential election, in Tehran, Iran April 12, 2017. Tasnim News Agency/Handout via REUTERS
ANKARA Hardline former president Mahmoud Ahmadinejad surprised Iran's clerical establishment by registering for the May 19 presidential election, defying the Islamic Republic's Supreme Leader's warning not to enter the race.
Vilified in the West for his barbs against America and Israel and questioning of the Holocaust, the blacksmith's son Ahmadinejad has upset predictions before by stealing the show in 2005 when he defeated powerful former president Akbar Hashemi Rafsanjani in a run-off vote.
Supreme Leader Ayatollah Ali Khamenei revealed last year that he had recommended to Ahmadinejad not to enter the contest. But after his registration on Wednesday, Ahmadinejad told journalists that Khamenei's recommendation was "just advice", Iranian media reported.
Khamenei praised Ahmadinejad as "courageous, wise and hard-working" after his re-election in 2009, which ignited an eight-month firestorm of street protests. His pro-reform rivals said that vote was rigged.
But throughout Ahmadinejad's presidency, Khamenei was wary of him, and his insubordination and relentless self-aggrandisement rankled the hardline clergy.
Ahmadjinejad was required to step down because of term limit rules in 2013, when President Hassan Rouhani won in a landslide on a promise to reduce Iran's international isolation.
After a term out of office, Ahmadinejad is now permitted to stand again under Iran's constitution, but he still needs the approval of the 12-member Guardian Council which vets candidates, six members of which are appointed by Khamenei.
"His disqualification by the Guardian Council would show that the council is not independent and follows the orders of the supreme leader," said political analyst Saeed Leylaz.
Khamenei's backers accuse Ahmadinejad's camp of pursuing an "Iranian" school of Islam, viewed as an inappropriate mix of religion and nationalism. Ahmadinejad may pay the price for disobeying Khamenei by running for president, analysts said.
"Khamenei will not forget this move, which was aimed to harm his image," said political analyst Hamid Farahvashian.
In 2011, Khamenei was so annoyed by Ahmadinejad's hunger for more power that he floated a proposal to change Iran's constitution to do away with a directly elected presidency altogether, an idea Ahmadinejad briskly dismissed as "academic".
"AN AFFRONT TO KHAMENEI"
Khamenei ultimately calls the shots in Iran, where the president can only influence policy, not decide it.
A former officer of Iran's elite Revolutionary Guards Corps (IRGC), Ahmadinejad relies on Iran's devout poor, who felt neglected by past governments and helped sweep him to power in 2005. However, his popularity in Iran remains in question.
"Ahmadinejad's faction is still alive. He enjoys the support of the poor and lower-income in the cities," said Leylaz.
Rouhani and his allies have criticised Ahmadinejad's free-spending policies for fueling inflation and accuse him of wasting Iran's oil revenues.
Ahmadinejad's critics say his fiery anti-Western talk helped isolate Iran diplomatically. During his term, the U.N. Security Council imposed three sets of sanctions on Iran over its nuclear programme.
Rouhani, who engineered Iran's 2015 nuclear deal with world powers that secured a removal of international financial and trade sanctions against Tehran, is expected to seek re-election.
Although Rouhani won in a single round with more than 50 percent of the vote four years ago when no other candidate won more than 17 percent, he could face a more difficult campaign this time if hardliners unite against him. Many Iranians have grown impatient with the slow rate of improvement in their economic fortunes since the lifting of sanctions last year.
In a move to widen Ahmadinejad's support, his senior aide Esfandiar Rahim Mashaie in May sent a conciliatory letter to Ahmadinejad's predecessor as president, Mohammad Khatami, seen as the father of Iran's reform movement.
Insiders said if disqualified, Ahmadinejad is likely to call on his supporters to back Rouhani, whose main rival is likely to be influential hardline cleric Ebrahim Raisi, who declared his candidacy on Sunday.
"The irony is that by spoiling the conservatives' game and taking away from Raisi's voter-base, Ahmadinejad is in fact aiding Rouhani's re-election," said senior Iran analyst Ali Vaez of the International Crisis Group.
Raisi, 57, heads Astan Qods Razavi, an organisation in charge of a multibillion-dollar religious foundation that manages donations to Iran's holiest Shi'ite Muslim shrine in the northeastern city of Mashhad.
"Ahmadinejad knows full well that his candidacy is an affront to Khamenei who had publicly barred him from running," said Vaez. "Disqualifying Ahmadinejad is hard, but not impossible."
(Writing by Parisa Hafezi; Editing by Peter Graff)