Trump's Jan. 6 Speech Not Covered By Immunity: Judge

First Valero Refinery, Now Largest U.S. Gasoline Pipeline Damaged In Georgia Colonial Pipeline's Line 1, the largest U.S. gasoline pipeline running from Houston toward the East Coast, has halted operations after a third-party work crew damaged a section of the line in Georgia. Bloomberg reported that the line stopped shipping fuel after the damage occurred on Tuesday in Paulding County, Georgia. "Line 1 is out of service while our team coordinates response and repair efforts," Colonial said in a statement cited by the outlet. The outage hits a critical fuel artery that...

The US Demanded That Europeans Accelerate Their Transition To 'NATO 3.0' Authored by Andrew Korybko, This might be the US’ final warning before it takes drastic action to punish those who continue to reject Trump’s demands. Under Secretary of War for Policy Elbridge Colby gave an important speech at mid-April’s Ukraine Defense Contact Group in which he urged the Europeans to step up their transition to something that he described earlier this year as “NATO 3.0”. As was explained here, “The idea is that NATO should return to focusing on defending itself instead of overextending...

Key Events This Week: PPI, Industrial Production, Q1 Earnings, Iran War When it comes to the week ahead, clearly the Iran conflict will be the main focus, but there are a few other things to look out on the calendar. First, the Q1 earnings season will start to kick off, with this week’s releases including several US financials. DB's equity strategists have a full preview, and they argue that the bottom up-analyst consensus for S&P 500 earnings growth accelerating into the mid-teens (16%) is justified by a favorable macro environment (full...