Iraq Formally Requests Syria Act As 'Hormuz Bypass' Route For Its Crude

July Jobs Shock: US Lost 23K Workers, Below Lowest Estimate, As Unemp Rate Drops To 4.1% Ahead of today's jobs report, in our payrolls preview we warned that "July Has Emerged As A Very Poor Month For Jobs" and boy were we right: moments ago the BLS reported that in July, the US labor force shrank by a whopping 23K, sharply lower from a downward revised 20K in June (from 57K), and the worst print since the negative 156K in February. As noted above, the -23K print was below all estimates... ......

Wall Street Skeptical Of GameStop CEO's $56 Billion eBay Takeover Bid Summary: Wall Street analysts "skeptical" on GameStop Takeover of eBay GameStop CEO Reveals Unsolicited Offer to Buy eBay Wall Street Analysts Respond eBay shares jumped as much as 13% in New York premarket trading after GameStop CEO Ryan Cohen told The Wall Street Journal that he had submitted a $56 billion takeover bid for the online marketplace. Cohen's deal appears to be part of his strategy to transform eBay into a direct competitor to Amazon, leveraging GameStop's retail footprint and logistics infrastructure to create...

Global Diesel Crunch Deepens As Record US Distillate Exports Race To Supply-Starved Europe US distillate exports surged to a record last week as global supplies tightened. Disruptions across the Gulf area and various surrounding maritime chokepoints, as well as Ukrainian one-way attack drone strikes that have paralyzed portions of Russia's energy infrastructure, have been a major boon for US refiners and export terminals along the Gulf of America. To begin the week, Samantha Dart, co-head of global commodities research at Goldman Sachs, told Bloomberg TV, "The situation in Russia is really...