"I'd Be Okay With That": Trump Says He's Open To Chinese Automakers Building Cars In US

Experts Question Why Polls Were So Wrong In The Wisconsin Primary Democratic Socialist Francesca Hong entered primary day as the prohibitive favorite to become the Democratic Party’s nominee for Wisconsin governor. Yet, she wound up narrowly losing to Milwaukee County Executive David Crowley instead. Crowley beat Hong by 0.4 percentage points, a margin of about 3,000 votes, in a race that polling had shown Hong leading by about 20 points for weeks. Despite the slim margin, Hong ultimately conceded the race, and now Crowley will face Republican Congressman Tom Tiffany in November. The gap...

Brent Tops $102 As Mideast Conflict Intensifies, HSBC Hikes Oil Forecast Brent crude futures traded above $102 a barrel Thursday morning after Iran threatened to intensify attacks, renewing concerns over tanker flows through the Hormuz maritime chokepoint. The supply risk extends well beyond crude to mounting shortages of refined products, particularly diesel, as the US diesel crack spread trades around $102 a barrel. President Trump's indication yesterday that the conflict could continue beyond November's midterm elections suggests limited near-term fuel pump relief for working-class folks, with the US national gasoline...

Beijing Preps For Currency Wars Authored by James Rickards via The Daily Reckoning, The fact that China has a large quantity of gold in its official reserve position is not news. China's gold reserves have been rising substantially since 2009. At that time, China's official gold reserves were 1,054 metric tonnes (mt). Today, those reserves stand at approximately 2,366 mt, an increase of about 124%. But that does not tell the whole story. The official reserves are reported by the People's Bank of China (PBOC), the Chinese central bank. But China may also...