Fed Watchdog Finds No Crimes In $2.4 Billion Renovation, Just Everything Else

"Hiring Patterns Are Changing": ADP Reports Weakest Job Gains In 6 Months, But... Following a weaker than expected JOLTS report, but better than expected ISM employment data, ADP reports today (ahead of Friday's payrolls report) that the US economy added only 44k jobs in July (below the 65k expected and the lowest since January) after a revised 95k increase in the prior month... With the Goods-producing side of the economy losing 3k jobs... "Typical hiring patterns, meanwhile, are changing as employers react to shifting macro-economic conditions," said Dr. Nela Richardson Chief Economist,...

Gunman's Manifesto Reveals Trump Admin Target List: "Prioritized From Highest-Ranking To Lowest" Update:  Shooter's Manifesto explained about Trump admin target kill list. He wrote, "prioritized from highest-ranking to lowest" ...  Shooter's intent was to Target Trump & admin officials  Shooter donated to "Harris for President" via ActBlue  Shooter apprehended and taken into custody. Carrying shotgun, handgun and several knives.  The shooter has been identified as Cole Tomas Allen, 31, of Torrance California No injuries to Trump or any guests.  Incident near lobby magnetometer screening. Trump praised Secret Service rapid response. Shooter's Manifesto  CBS News' Jennifer Jacobs has confirmed that the WHCA dinner...

Average 2Y Auction Stops Through, Has Highest Yield Since Jan 2025 In the week's first coupon auction, moments ago the Treasury sold $69BN in 2Y notes at a high yield of 4.189%, up from 4.071% and the highest yield since January 2025; the auction also stopped through the When Issued 4.192% by 0.3bps, the biggest through since January. The bid to cover was perfectly average at 2.643, unchanged from last month's 2.640 and right on top of the recent average of 2.61. Internals were a bit on the weak side, with Indirects...