Obama-Nominated Judge Orders Trump's Name Removed From Kennedy Center Building

Democrats Are Worried The GOP's Cash Advantage Could Hurt Their Chances In The Midterms The Democratic Party heads into the midterms with generic congressional ballot polling and historical precedent on its side. It is nevertheless worried that the majorities it so desperately wants could still slip away. Politico reported this week that Democratic strategists increasingly fear their favorable political environment could be overwhelmed by a Republican cash stockpile that dwarfs their own. Federal Election Commission filings through the end of June show the three main GOP national committees and their affiliated congressional...

China's "National Team" Dumped ETFs In Q1 To Cool Overheating Market For years, and especially after the local stock bubble burst in spectacular fashion a little over a decade ago, China's "National Team" - a polite euphemism for the country's Plunge Protection Team - could be relied upon to step in and provide a lending hand - or rather buying hand - to stabilize stocks in the nick of time. Well, it may be time to rename it to the Surge Protection Team According to Bloomberg, China’s “national team” has...

Rate Hike Odds Tumble After Warsh Does Not Address October FOMC Meeting In our morning wrap we said that market sentiment was boosted overnight following Kevin Warsh's speech at the IMF meeting in Bangkok, specifically "The day's driver is Warsh (or rather what he didn't say): with the blackout starting Saturday, the Fed chair declined to push back on rate expectations and instead talked up a "massive investment surge" from AI." Goldman set the context, with its chief economist Jan Hatzius writing in a note overnight that in comments at the IMF’s...