The U.S. Wants To Ban Chinese Cars, But They're Already At The Gate

S&P Futures Jump To Record, Oil Tumbles On Report Iran Foreign Minister Going To Pakistan US equity futures jumped to a new all time high, reversing modest overnight losses, and oil tumbled to session lows on reports that Iran is sending a delegation to Pakistan today for talks, boosting hopes of ceasefire extension or more. Iranian Foreign Minister Araqchi is expected to arrive in Islamabad at 22:00 local time (1:00pm ET), the NY Post reports. As of 8:00am ET, S&P futures rallied as much a 0.6% to a new all...

NATO Chief Challenged On The "Defensive" Alliance's History Of Offensive Regime Change After his Oval Office visit today, an affair dominated by foreign reporters speaking truth to power by clamoring for more global military spending, NATO Secretary General Mark Rutte had to defend his alliance’s often-touted moral assertion: that NATO is defensive in nature. Asked by ZeroHedge whether NATO’s good deeds in Libya and Iraq qualified as defensive, Rutte had this to say: NATO chief Mark Rutte often refers to his alliance as “defensive.” I asked whether Hillary Clinton’s regime war in Libya...

"Optimism Has Picked Up": Retail Operators See Consumer Relief After Gas Prices Tumble As soon as the national average for 87-octane gasoline at the pump dipped below the politically sensitive $4-a-gallon level early last week, we observed multiple institutional desks begin to forecast that the light at the end of the tunnel was beginning to materialize for consumers, especially working-class households that have been financially battered by surging fuel prices over the past several months. UBS analyst Mark Paski told clients about "early signs of a turn in U.S. consumer discretionary." Then,...