Violent attacks in three states have put the U.S. on high alert, but the incidents don't appear to be shaking markets, with stock futures climbing higher this morning (SPY + 0.4%). Indicators bullish for now, underlying global situations may derail the bulls.
Here is the current market situation from CNN Money
European markets are mixed today. The FTSE 100 is up 1.08% while the CAC 40 gains 0.56%. The DAX is off 0.69%.
WASHINGTON (Reuters) - Market volatility is low, U.S. census data shows income gains have reached the middle class, and workers are clawing back a larger share of national income. For now, at least, no international risk stands out and inflation may even be picking up.
LONDON (Reuters) - Oil prices bounced back from multi-week lows on Monday, hauling up world stock markets and commodity-linked currencies, on hints that producers were close to reaching an output deal.
SEOUL/BEIJING (Reuters) - A supplier to Samsung Electronics Co Ltd said on Monday that its battery does not appear to have caused a Galaxy Note 7 smartphone to ignite in China, after Chinese media reported one of the handsets caught fire.
MARGARITA ISLAND, Venezuela (Reuters) - Venezuelan President Nicolas Maduro said on Sunday that OPEC and non-OPEC countries were close to reaching a deal to stabilize oil markets and that he aimed for a deal to be announced this month.
JAKARTA (Reuters) - Indonesia plans to pursue Alphabet Inc's Google for five years of back taxes, and the search giant could face a bill of more than $400 million for 2015 alone if it is found to have avoided payments, a senior tax official said.
SEOUL (Reuters) - All Hanjin Shipping Co Ltd chartered vessels that have completed unloading their cargo have been told to cancel their charter agreements and return the ships to the shipowners, a South Korean judge said on Monday.
MANILA (Reuters) - A Philippine regional trial court has ordered the Bangko Sentral ng Pilipinas (BSP) to return to the Bangladesh central bank a recovered portion of the $81 million that was stolen from the bank earlier this year, a government lawyer said on Monday.
LONDON (Reuters) - General Electric is digging deeper into biotechnology with plans to build four prefabricated drug factories in Ireland, bringing to Europe a low-cost manufacturing concept it first pioneered in China.
BERLIN (Reuters) - Volkswagen supercar brands Bentley and Lamborghini have dropped out of the Paris Motor Show next week as their German parent is reining in spending on auto exhibitions to cushion costs from its emissions scandal.
Moments ago, the NYPD announced that it seeking 28-year-old Ahmad Khan Rahami of New Jersey in connection to the pressure-cooker bomb, assistant commissioner J. Peter Donald said. Rahami is a U.S. citizen of Afghani descent.
"Wanted: Ahmad Khan Rahami, 28 year old male, is being sought in connection with the Chelsea bombing," NYPD Assistant Commissioner J. Peter Donald wrote on his Twitter account with a photograph of the suspect.
Wanted: Ahmad Khan Rahami, 28 year old male, is being sought in connection with the Chelsea bombing. #nyc pic.twitter.com/hSxhMqO7Qh
— J. Peter Donald (@JPeterDonald) September 19, 2016
The NYPD urges anyone with information on Rahami to call 1-800-577-TIPS
WANTED: Ahmad Khan Rahami, 28, in connection to the Chelsea explosion. Call #800577TIPS with any information. pic.twitter.com/rBDQGfXwbh
— NYPD NEWS (@NYPDnews) September 19, 2016
In the DOJ's statement, the suspect is said to be considered armed and dangerous.
According to ABC, the address of a home being searched by FBI agents i ...
One day after an IED exploded in a busy midtown Manhattan sidewalk, an explosion took place at a train station in Elizabeth, New Jersey, after a suspicious backpack was found. The detonation was "not controlled", the city's mayor said. Meanwhile, the FBI has questioned five people in connection with Saturday's Manhattan blast. Elizabeth's mayor, Christian Bollwage, said the blast occurred when authorities were trying to "disarm" the backpack, and that the explosion was not controlled.
VIDEO: Moment of explosion at the Elizabeth NJ train station - @ADiLorenzoTV pic.twitter.com/LRoFuxF74D
— Conflict News (@Conflicts) September 19, 2016
No one was injured in the blast. The device in Elizabeth, a city south of Newark, had been left in a backpack placed in a trash can near a train station and a bar, Mayor Christian Bollwage told reporters.
"This was an explosive device" containing as many as five devices, Bollwage said. "Based on the loudness, I think people could have been severely hurt or injured if they had been in the vicinity."
WATCH: Explosive device detonates near Elizabeth train station as robot was examining it pic.twitter.com/OQp2xr0aNl
— Jessica Remo (@JessicaRemoNJ) September 19, 2016
The bad news for Wells Fargo CEO John Stumpf keep getting worse. As we reported last week, Stumpf is expected to testify before Congress this week in response to allegations that the bank allegedly opened over two million phony accounts without customers' approval. The Senate Banking Committee has summoned John Stumpf, chief executive of Wells Fargo & Co., to testify about the bank's alleged sales-practices misdeeds after it agreed last week to pay a $185 million fine and enter into an enforcement action with regulators. Mr. Stumpf told The Wall Street Journal in an interview Tuesday that he is prepared to "share Wells Fargo's story" at the hearing.
His testimony will be the first from a big-bank chief under fire since 2012. Back then, the committee brought in J.P. Morgan Chase & Co. chief James Dimon to explain his bank's "London whale" trading losses, in which the company lost more than $6 billion.
Then, over the weekend we learned America's largest mortgage lender and until recently the largest bank by market capitalization, was sued on Friday by customers who accused the bank of fraud and recklessness for its behavior.
Wells Fargo CEO John Stumpf speaks at the Bay Area Council Outlook Conference
The lawsuit, as reported by Reuters, was filed in the U.S. District Court in Utah, and seeks class-action status on behalf of hundreds of thousands of customers nationwide. In the complaint, three plaintiffs said customers were hurt by "abusive and fraudulent tactics" us ...
This month exports trend lines accelerated further into positive territory - something positive is happening in international markets. On the other hand, imports have fallen significantly - normally this is a sign of recession in the USA.
The Federal Reserve data release (Z.1 Flow of Funds) - which provides insight into the finances of the average household - shows a modest improvement in average household net worth. Our modeled "Joe Sixpack" - who owns a house and has a job, and essentially no other asset - is better off than he was last quarter. Is the data showing that Joe Sixpack is doing better than the economy?
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