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19Sep2017 Market Close: Wall Street Edges Up On Financials Ahead Of Fed's Two-day Policy Meeting, WTI Crude Settles At 50.02

Written by Gary

US stock markets closed fractionally higher today (SPY +0.1%) with the DOW pushing to new historic highs. Toys-R-Us is bankrupted and Trump vows to 'totally' destroy Krazy Kim.

Todays S&P 500 Chart

The Market in Perspective

Here are the headlines moving the markets.

Wall St edges up on financials as Fed eyed

NEW YORK (Reuters) - U.S. stocks closed slightly higher on Tuesday but trading was in a narrow range with financial stocks providing the biggest boost ahead of the conclusion of the Federal Reserve's two-day policy meeting.

U.S. bankruptcy judge says will approve loan for Toys 'R' Us

WILMINGTON, Del (Reuters) - The U.S. Bankruptcy judge overseeing the Chapter 11 of Toys 'R' Us said on Tuesday he would approve the company's request to borrow more than $2 billion to help stabilize the largest U.S. toy chain as it builds inventory for the year-end shopping season.

Tesla shares fall from record high after warning from analyst

SAN FRANCISCO (Reuters) - Shares of Tesla fell from record highs on Tuesday after an analyst warned that the electric car maker may take longer than expected to become profitable.

Massachusetts sues Equifax as hack concerns spread to Canada

(Reuters) - Massachusetts Attorney General Maura Healey filed a lawsuit on Tuesday against credit reporting firm Equifax Inc following a breach that exposed the personal data of up to 143 million people, including 3 million in the state.

Ford to cut production at five North American vehicle plants

DETROIT (Reuters) - Ford Motor Co said on Tuesday it plans to idle five North American vehicle assembly plants for a total of 10 weeks to reduce inventories of slow-selling models.

T-Mobile, Sprint in merger talks: CNBC

(Reuters) - U.S. wireless carriers T-Mobile US Inc and Sprint Corp are said to be in active merger talks, CNBC reported on Tuesday, citing sources.

U.S. watchdog settled for small fine over Wells Fargo phony accounts: report

WASHINGTON (Reuters) - A consumer watchdog agency could have levied $10 billion in penalties against Wells Fargo & Co last year for opening unauthorized customer accounts, but settled for a fraction of that to resolve the matter quickly, according to regulatory documents released on Tuesday.

Kohl's to accept Amazon returns in 82 stores

(Reuters) - Department store operator Kohl's Corp said it would accept returns of select items bought from Amazon.com Inc at some of its stores in Los Angeles and Chicago, expanding its partnership with the ecommerce giant.

Fiat Chrysler recalls 494,000 pickup trucks for fire risk

WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV said Tuesday it will recall 494,000 medium and heavy-duty Ram pickup trucks worldwide because of a water pump that could overheat and potentially cause a fire.

Gun Stocks Soar On Report Trump Set To Ease Export Rules

In a week in which the MIC already scored big with Monday's sale of Orbital, today it was the NRA's turn to rejoice, when gun stocks soared on a Reuters report that the Trump administration was preparing "to make it easier for American gun makers to sell small arms, assault rifles and ammunition" to foreign buyers. The stocks of Ruger, Smith & Wesson and American Outdoor brands have all soared by as much as 18% on the news.

According to Reuters sources, aides to President Donald Trump - which these days mostly includes retired army generasl - are completing a plan to shift oversight of international non-military firearms sales from the State Department to the Commerce Department. The difference is that while the State Department is primarily concerned about international threats to stability and maintains tight restrictions on weapons deals, the Commerce Department typically focuses more on facilitating trade, in other words growing it.

"The NSC is working through the interagency process with the State Department and the Department of Commerce to ensure that U.S. industries have every advantage in the global marketplace, while at the same time ensuring the responsible export of arms," said an official with the White House National Security Council.

And that's how Trump repays the NRA for its support during his campaign: the National Rifle Association spent more than $30 million in support of his candidacy. "I am going to come through for you," Trump told the NRA convention in April.

He now h ...

O'Keefe Promises "Fireworks Are Coming" In New Media Investigation; Says "People Will Be Fired"

In a new video announcement posted to twitter, Project Veritas' James O'Keefe has promised more undercover videos aimed at the mainstream media to be dropped "in the coming weeks." Among other things, O'Keefe promised that the forthcoming video series is the result of "one of the biggest investigations" Project Veritas has ever done and that "people in the media are probably going to lose their jobs."

"In the coming weeks, you're gonna see one of the biggest investigations this organization has ever done. It's a continuation of American Pravda series. It's aimed at the media. We're going after their holy grail. We have tripled our journalists in the field. They are not even here, they are out there everyday. It's gonna be big, it's gonna be massive. If they think they can shut us down with this crap [lawsuit] they're sorely mistaken. Because not only are people in the media probably going to lose their jobs and be exposed for what they are, but this [lawsuit] is going to be exposed for what it is. So stay tuned ladies and gentleman. Fireworks are coming,"

There will be more #AmericanPravda videos coming soon.

To get more hard-hitting investigations, please donate:https://t.co/hYun70OejV pic.twitter.com/USpE5eQA4p

— Project Veritas (@Project_Veritas) September 18, 2017

For those who have somehow managed to avoid PV's prior work, it included the following dooz ...

Actions of A Bully Child or Dying Empire: Sanctions and Threats


Actions of A Bully Child or Dying Empire: Sanctions and Threats

Posted with permission and written by Rory Hall, The Daily Coin

As the Western world continues to slide into the dust bin of history, it is not going without a fight. As with any "wounded animal", once the reality of pain permeates the body, it typically lashes out at anything or anyone within arms' reach. In the case of the Western world, arms'-reach is merely the push of a button and everything begins to change.

What Europe has already come to realize is these meaningless Russian and Iranian sanctions only hurt western manufacturing and have minimal impact on the country the sanction is directed. Threatening to cut off China from the SWIFT system is akin to threatening to keep a person out the restroom in a home with multiple restrooms - it doesn't matter as there are alternatives and they simply begin using the alternative and go about their business. The financial weapon known as the SWIFT system fired its only bullet in 2011 when Iran was locked out. ...

These 3 Democrats Think "Sputnik Radio" Crushed Hillary's Campaign... But There's A Catch

Just when you thought the 'Russian collusion' narrative couldn't get any more surreal, 3 House democrats decide to write a letter to the FCC which can only be described as 'criminally stupid' and even that seems generous.

According to the letter, signed by Representatives Anna Eshoo (D-CA), Mike Doyle (D-PA) and Frank Pallone (D-N.J), Sputnik Radio, "a radio network funded by the Russian government, was used as part of the Kremlin's effort to influence the 2016 presidential election." As such, these 3 democrats demand that the FCC launch an investigation into Sputnik Radio.

And while it may only seem 'marginally stupid' to suggest that propaganda from a Russian-operated radio station might outweigh the $1.2 billion that Hillary spent on her campaign and/or all of the propaganda spewed by the mainstream media, the argument goes full "criminally stupid" when you realize that Sputnik Radio didn't even start broadcasting in the U.S. until June 2017 (which is about 8 months AFTER the 2016 presidential election...for anyone who may have missed the nuance there).

We're writing in response to recent troubling press reports that a radio network funded by the Russian government may have used U.S. airwaves to influence the 2016 presidential election. We ask that you investigate these troubling reports and apply all applicable laws and regulations to enforce the public interest standard for licensed stations that broadcast this network.

An article published by the New York Times Magazine (9/13/17) titled "RT, Sputnik and Russia's New Theory ...

The Hidden Obamacare Detail That Could Cost Hospitals Billions

A seemingly arcane detail of Obamacare could put significant cost pressure on hospital companies and eventually drug and medical device makers.

How to Make Money on the Chinese Internet

Activist investor Aristeia Capital shows the way for New York-listed Sina to unlock long-trapped value in subsidiary Weibo.

Pirelli IPO: Are Expensive Tires Worth It?

Car tires can be surprisingly glamorous. But investors may be better off waiting before buying into Italian tire-maker Pirelli.

Trucking Data Improves In August 2017

Written by Steven Hansen

Headline data for truck shipments improved in August.

Hurricane Maria upgraded to Category 5 as it smashes into Caribbean

Hurricane Maria barreled toward areas of the Caribbean that were already devastated by Hurricane Irma on Monday, while Hurricane Jose continued to churn northward and was expected to bring heavy rains, strong winds and surf swells to the Northeast.

Currencies: Dollar remains weak ahead of Fed's rate decision

The U.S. dollar retreated on Tuesday as traders err on the side of caution ahead of the Federal Reserve rate decision that could offer clues on future policy and steer direction for the greenback.

Market Extra: Bitcoin bulls regroup after last week's selloff

Bitcoin tilts lower on Tuesday, but the No. 1 digital currency was holding well above last week's nadir, as the asset attempts to claw out of a hole that saw it shed more than a third of its value.

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