Trump: Negotiations With Iran Proceeding In an Orderly Manner

House Rejects Short-Term Spy Law Extension As GOP Races To Preserve FISA Surveillance Tool Before Friday Deadline Update (1100ET): A key spy law could expire after the House blocked its short-term reauthorization. The June 11 vote set back an effort to renew Section 702 of the Foreign Intelligence Surveillance Act (FISA). President Trump’s selection of Bill Pulte as acting director of national intelligence drove Democratic opposition to reauthorizing Section 702. Some Republicans have voiced concerns about how the authority, though targeted at foreigners abroad, enables the incidental warrantless surveillance of Americans. The White House could...

Iran Mulls Allowing Tankers Through Strait Of Hormuz If Trade Conducted In Yuan Via The Cradle Iran is considering allowing a "limited number" of oil tankers to pass through the Strait of Hormuz on the condition that the oil cargo is traded in Chinese yuan, CNN has reported. A senior Iranian official told the US news outlet that Tehran is working on a new plan to manage tanker traffic through the strategic waterway on Iran’s southern coast. via Associated Press Iran has effectively sealed off the strait, allowing only its own and Chinese ships to...

Enablers Submitted by QTR's Fringe Finance There’s an obvious growing failure at the center of modern markets that, as a former short seller, has become beyond obvious to me over the years. It isn’t just fraud or aggressive accounting. It’s the ecosystem that allows both to thrive: financial media that won’t press, and a sell side that won’t risk upsetting management teams they depend on for access. We’ve seen this movie before. Enron did not implode because there were no warning signs. It imploded because the warning signs were inconvenient. There were whistleblowers. There...