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14Apr2017 Pre-Market Commentary: Wall Street Moving Into 'sour Mode' As Markets Enter The Fourth Session Of Investors Questioning US Market Stability, Markets Unlikely To Post Green Today

Written by Gary

US stock markets to open significantly lower this morning (SPY -0.7%) as geopolitical saber rattling continues to unrest investors and moving assets to 'safe-havens'. The important Core CPI and Retail Sales reported lower for March.


Here is the current market situation from CNN Money

European markets finished lower on Thursday with shares in France leading the region. The CAC 40 is down 0.59% while Germany's DAX is off 0.38% and London's FTSE 100 is lower by 0.29%.

Asia closes lower, following Wall Street losses after US drops mega-bomb

Red flags going up across markets, signal possible pullback for stocks

Looking at the last three columns (below), the first one (Actual), is what was reported this morning. The second column (Forecast) is what analysts had forecast and the third column is the previous report. Full calendar HERE.

What Is Moving the Markets

Here are the headlines moving the markets.

Asian shares, won move south on worries over North Korea

TOKYO (Reuters) - Japanese and South Korean shares fell while the won currency came under pressure on Friday, as rising tensions in the Korean peninsula dented confidence in the world's economy.

Netflix scorecard to test mettle of tech rally

SAN FRANCISCO (Reuters) - The longevity of the technology stocks rally is on the line next week as Netflix Inc kicks off the earnings season for a sector that has mushroomed to account for more than a fifth of the U.S. stock market's value.

Uber may face $1 million fine over California drunken-driving complaints

LOS ANGELES (Reuters) - Uber's popular ride-sharing network has repeatedly failed to promptly suspend and investigate its California drivers when passengers report them driving drunk, state regulators charged in an enforcement action, recommending $1.13 million in fines.

Toshiba creditors likely to approve chip unit collateral for $9.2 billion finance: sources

TOKYO (Reuters) - Japan's Toshiba Corp is likely to win creditors' approval for offering its prized memory chip business stake as collateral for new loans and loan commitments worth around 1 trillion yen ($9.2 billion), sources briefed about the matter said on Friday.

South Korea police says no explosives found at Samsung Life headquarters

SEOUL (Reuters) - South Korean authorities found no explosives at the headquarters of Samsung Life Insurance Co Ltd in Seoul, police said on Friday.

Fiat Chrysler CEO says first-quarter 2017 was difficult, doesn't change targets

AMSTERDAM (Reuters) - The first quarter of 2017 was "difficult" for carmaker Fiat Chrysler but this will not affect the company's targets for this year and next, Chief Executive Sergio Marchionne said on Friday.

Tesla jumps after Elon Musk teases commercial truck, pickup

SAN FRANCISCO (Reuters) - Shares of Tesla jumped nearly 3 percent on Thursday after Chief Executive Elon Musk said the electric car company expects to unveil its planned commercial truck in September.

U.S. labor market tightening, inflation trending higher

WASHINGTON (Reuters) - The number of Americans filing for unemployment aid unexpectedly fell last week and consumer sentiment rose early this month amid continued optimism over household finances, suggesting a sharp slowdown in job growth in March was an aberration.

Loan growth stalls despite profit, trading gains at some U.S. banks

NEW YORK (Reuters) - Big U.S. banks revealed more evidence of a slowdown in loan growth in their earnings reports on Thursday, though executives assured there is still healthy demand from borrowers and no reason to worry about the state of the economy.

If You're Wondering Why Trump Can Just Bomb Countries; Ask Obama, Bush, & Clinton

Authored by Darius Shahtahmasebi via TheAntiMedia.org,

If you read closely between the warped headlines of the establishment media, you will eventually find the truth about Trump's decision to strike the Syrian government: it was illegal.

Yet most mainstream media outlets clearly supported the strike. Many U.S. allies also supported the strike, including so-called peaceful countries such as New Zealand, which stated the strikes were a "proportional response to a specific incident - the chemical weapons atrocity." New Zealand also said they would consider sending troops to Syria if the American government requested them.

Why isn't the legality of Trump's reckless move even on the table for discussion?

Is it because this is, yet again, no exception to the rule that — as history has shown us — the United States ...

US Releases Video Of "Mother Of All Bombs" Explosion Which Killed 36 ISIS Fighters

One day after the Trump administration demonstratively used the GBU-43/B Massive Ordinance Air Blast bomb (MOAB, also known as Mother Of All Bombs) the most powerful non-nuclear bomb in the US arsenal in Afghanistan, in a clear show of force meant to send a signal to North Korea, it released a video of the explosion.

JUST IN: New video shows massive, 21,000-pound bomb hitting ISIS in Afghanistan https://t.co/FHXxuPb0Xq https://t.co/8A69FEO26y

— CNN (@CNN) April 14, 2017

Afghan officials said 36 militants were killed in the strike in Nangarhar province, near the Pakistan border, where the US military previously estimated ISIS had 600 to 800 active fighters. There were no civilian casualties, according to the Ministry of Defense statement, which also said several ISIS caves and ammunition caches were destroyed. U.S. officials said precautions were taken to avoid civilian casualties. The ISIS commander in the area was among the dead, Afghanistan's presidential palace said.

Hakim Khan, 50, a resident of Achin district where the attack took place, was quoted by CBS as saying he welcomed the attack on ISIS, saying, "I want 100 times more bombings on this group."

But fierce opposition among Afghans also surfaced. Former President Hamid Karzai condemned the strike, saying it "is not the war on terror but inhuman, and (the) most brutal misuse of our country as (a) testing ground for new and dangeorus weapons. It is upon us,Afghans, to stop the USA."

Karzi said, "I vehemently and in strongest words condemn the dropping of the latest weapon."

O ...

US May Launch Preemptive Strike On North Korea Ahead Of Nuclear Test

With just two days to go until North Korea's "Day of the Sun" celebrations, when as reported yesterday it may conduct its 6th nuclear test at the Punggye-ri Nuclear Test Site, NBC reports citing multiple senior U.S. intelligence officials that in the latest stepwise escalation, the U.S. is prepared to launch a preemptive strike with conventional weapons against North Korea should officials become convinced that Kim Jong-Un's nation North Korea is about to follow through with a nuclear weapons test. Note: North Korea does not even have to carry out the text: mere conviction on the side of the US that it would, is sufficient.

As first reported yesterday, North Korea warned that a "big event" is near, and U.S. officials say signs point to a nuclear test that could come as early as this weekend. According to multiple sources, the U.S. intelligence community has reported with "moderate confidence" that North Korea is preparing for its sixth underground nuclear test, though the U.S. is also in the dark regarding the specific timing.

The launch of a preemptive attack would naturally threatens a counterattack by Kim: the U.S. is thus "worried" that its strikes could provoke the volatile and unpredictable North Korean regime to launch its own blistering attack on its southern neighbor. "The leadership in North Korea has shown absolutely no sign or interest in diplomacy or dialogue with any of the countries involved in this issue," said Victor Cha, the Korea Chair at the Center for Strategic and International Studies.

Meanwhile, intelligence officials h ...

Peter Schiff Warns: "Nothing Has Changed Under Trump... We're Headed For A Major Crisis"

Authored by Mac Slavo via SHTFplan.com,

When Donald Trump was elected, there was so much optimism among libertarians and conservatives, it was almost palpable. However, it's only been several months into his first term, and it's becoming quite apparent that Trump is no savior. In retrospect, it was foolish to think any single person could snap his fingers, and reverse decades of financial mismanagement and political corruption. It was foolish to think that he could dismantle an entrenched bureaucracy that is more powerful than most people realize.

But not everyone was convinced that Trump was going to be able to turn this ship around. Peter Schiff knew that the damage done by the political establishment was irreversible, and that our financial system was living on borrowed time. In a recent interview with Future Money Trends, Schiff explains why Donald Trump can't stop the inevitable, and how you can crash proof your assets ahead of the economic pain that is coming:

Donald Trump should already be disappointing a lot of people who thought we were going to get change, we were going to make America great again. We didn't repeal Obamacare, that's here to stay. Major tax reform is dead. We're dropping bombs.

I mean it's the same old same old right? Big government... bigger deficits... more cheap money... keep the air in the bubble. We're headed for a major major crisis.

Watch the full interview with Peter Schiff:

Qualcomm's Apple Bills May Pile Up

Withheld royalty payments on Apple devices could cloud Qualcomm's outlook this year.

Trump's New Chumminess With China Could Easily Reverse

The factors pushing the U.S. president into a closer embrace of China have been apparent for some time: the rising threat from North Korea paired with a better economy at home. If the latter disappoints, however, tensions could rebound quickly.

Big Economies at Risk of Over-Revving Consumer Engines

Rapid growth in consumer credit is troubling policy makers. More defaults are likely to follow when rising interest rates push up repayment costs.

Economic Report: Retail sales post worst two-month stretch in two year

Sales at U.S. retailers fell in March for the second month in a row, marking the worst two-month stretch in two years.

'The Boss Baby' is that rare No. 1 movie that no one saw coming

No one saw it coming, but the family-friendly animated flick pulled in $26.3 million at the box office over the weekend, pushing its domestic gross to $89.4 million and its world-wide tally to $199.7 million.

The Beckhams adds another trademark: their five-year-old daughter Harper

The trademark could be used for toys, clothes, accessories and even deodorant.

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To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

gary@econintersect.com

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