16Jul2018 Market Close: Wall Street Closes Mostly Down Fractionally, DOW Up 45 Points, WTI Crude Slips Into The 66 Handle Just Days After Wednesday’s 5% Drop

Jetmakers see brisk start to air show as UK tries to soothe Brexit worries

Planemakers racked up more than $20 billion of deals on the opening day of the Farnborough Airshow on Monday, suggesting demand for new passenger jets remains in rude health despite worries over trade tensions and Brexit.

U.S. arms makers praise new U.S. weapons export policy

U.S. arms makers attending the Farnborough Airshow in Britain on Monday lauded the U.S. government’s push to sell more weapons overseas and said they expected European defense spending to increase in the coming years.

Ford agrees to $299.1 million U.S. Takata ‘economic loss’ settlement

Ford Motor Co agreed to a $299.1 million so-called economic loss settlement covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show.

Brent oil falls 4 percent to three-month low as supply outage concerns ease

Oil prices slumped more than 4 percent on Monday, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers.

S&P 500 slips with energy shares, but financials bounce

U.S. stocks mostly edged lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financial stocks as Bank of America’s results reinforced expectations of a strong U.S. earnings season.

FCC raises concerns about Sinclair-Tribune deal, shares fall

Federal Communications Commission Chairman Ajit Pai questioned Sinclair Broadcast Group Inc’s proposed $3.9 billion acquisition of Tribune Media Co , in a surprise decision that could potentially scuttle the deal and sent shares of both companies tumbling.

Exclusive: Brazil to delay auction for five of six Eletrobras distributors

Brazil’s government will go ahead with the auction of one of state-owned utility Eletrobras’ power distributors planned for July 26, while delaying five others to Aug. 30, Planning Minister Esteves Colnago told Reuters on Monday.

Tesla shares fall 3.5 percent after CEO Musk abuses British diver

Shares of Tesla Inc fell 3.5 percent on Monday after Chief Executive Elon Musk directed abuse on Twitter at one of the British cave divers involved in the rescue of 12 Thai children last week.

Thyssenkrupp in leadership turmoil as chairman quits

The chairman of Germany’s Thyssenkrupp has resigned, following the company’s chief executive under pressure from activist shareholders demanding a radical restructuring of the embattled industrial conglomerate.

WTI Trounced, Banks & Bitcoin Bounce On Dow’s Lowest Range Day Of 2018

Did the machines take a day off? Were they in Helsinki too?

Amid the end-of-the-world – if you believe the media – Trump-Putin press conference, today was The Dow’s lowest intraday range day since Christmas 2017…

The Ruble managed to hold gains… So did Putin ‘win’ after all?

And cryptocurrencies surged – perhaps helped by chatter of BlackRock sniffing around…

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Hall-Of-Fame Quarterback’s Private-Equity Firm Accused Of Covering Up Fraud

A private equity firm co-founded in 2007 by former San Francisco 49ers quarterback Steve Young has been accused of covering up a massive fraud at one of its portfolio companies. The accusations, which came in the form of a civil suit filed by the acquirer of the firm where the fraud allegedly took place, have prompted the FBI to investigate, potentially placing Young, his partners and his employees in hot water, per the New York Post.

Steve Young

HGGC, where Young is a managing director, purportedly helped falsify test results at Citadel Plastics, according to the lawsuit, which was brought by plastics manufacturer A Schulman, which bought Citadel in 2015 for $800 million.

The PE firm, HGGC (which was formerly known as Huntsman Gay Capital Partners), where Young is a managing director, “falsified test results” at its Citadel Plastics company, according to a lawsuit filed by rival plastic manufacturer A. Schulman, which bought Citadel for $800 million in 2015.

Citadel allegedly had been selling products with the claim that they met Underwriters …

Johnstone: “Peace Talk Between Nuclear Superpowers Offends America’s Assholes And Morons”

Authored by Caitlin Johnstone via Medium.com,

When I was a little girl I used to end all my nightly prayers with the words, “And please no nuclear war, and peace on earth. Amen.” This was in the early eighties. The knowledge that weapons existed armed and ready which could annihilate all life on earth, including my Mum and my Dad and everyone I loved, kept me up at night.

I still marvel at the fact that these weapons exist, just as armed and just as ready, and we just go about our lives like it’s perfectly normal. They’re even more prone to malfunction than they were back then, because so many parts of the system are much older now. All it would take is something failing to work the way it’s meant to or somebody making a mistake or miscommunication that hadn’t been adequately anticipated and prepared for, and it could set into motion a chain of events from which there is no coming back. We’ve already come within a hair’s breadth of nuclear annihilation

Judge Orders Temporary Halt To Deportations As Families Are Reunited

San Diego Judge Dana Sabraw has thrown another wrench into the Trump administration’s plans for tightening security at the US border by issuing a temporary halt to deportations of families that were separated under the administration’s “zero tolerance” policy.

In his ruling, the judge argues that the families need some additional time to consider whether to pursue requests for asylum. It was made in response to a request from the ACLU, which said it was responding to “persistent and increasing rumors…that mass deportations may be carried out imminently and immediately upon reunification,” according to the Associated Press.

Sabraw ruled last month that the Trump administration would have 30 days to reunite the youngest children detained under the policy with their parents. The administration just barely finished the reunifications before the deadline, though it said some children could not be reunited with their parents because they had been deported, or for some other reason. The government is now working to reunite some of the older minors with their …

Growth Still Trumps Politics for Markets

For fans of high political drama, recent months have been packed with excitement. For markets, not so much. In the battle between economics and politics, faith in growth still has the upper hand for now.

The Real Growth Numbers to Watch in China

A sharp slowdown in investment and contracting shadow-banking credit are reliable signs of difficulties ahead for China.

The Netflix Squeeze

Netflix has had an astonishing year. Its shares surpassed $400, up 110% since January, and it was nominated for 112 Emmy Awards, more than any other television network, including HBO, which had held that distinction for 17 years.

The Fed: Preview: Powell to defend pace of one interest-rate hike every three months

Fed Chairman Jerome Powell will downplay any reasons to slow or speed up the current pace of a one interest-rate hike every three months, analysts said.

Bond Report: Treasury yields rise after retail sales help affirm U.S. economic strength

Treasury yields rose Monday after growth in retail sales highlighted the U.S. economy’s strength, an environment in which the Federal Reserve may be comfortable raising interest rates at its current pace.

What NOT to buy on Amazon Prime Day

Amazon’s annual sales promotion definitely offers consumers the chance to save—but not all deals are created equally.