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Mar 7, 2018

CNN: Stormy Damiels' lawyer - Cohen Threatening us

Max Keiser Report: Making America Great Again.

Gerald Celente: all Hell Is About

NYT : Your Wednesday Evening - March 7, 2018

The New York Times 

Your Wednesday Evening Briefing
Good evening. Here’s the latest.
Pool photo by Alex Wong
1. There was furious lobbying in Washington to sway President Trump from his plan to impose new tariffs on steel and aluminum.
He’s expected to sign off on the tariffs on Thursday. Foreign governments, businesses and key Republicans all argued against them. But they were left without an important ally after the resignation of Gary Cohn, above, formerly Mr. Trump’s economic adviser.
Mr. Cohn’s departure exposed a rift between Mr. Trump and establishment Republicans, and it has Wall Street worried.
Jim Wilson/The New York Times
2. “California, we have a problem.”
That was Attorney General Jeff Sessions announcing that the Justice Department is suing California over its so-called sanctuary laws. (Those are measures designed to make it more difficult for federal immigration agents to operate there.) Above, protesters outside the hotel where Mr. Sessions spoke in Sacramento.
Gov. Jerry Brown fired back, saying Mr. Sessions was “going to war” against the state, and calling the suit “pure red meat for the base.”
The Blue House, via Agence France-Presse — Getty Images
3. It was an eye-catching diplomatic debut for an enigmatic young dictator.
South Korean envoys were not prepared for how “forthcoming and daring” Kim Jong-un would be as he welcomed them to Pyongyang. They reported that Mr. Kim, third from left in the photo above, was open to negotiations with the U.S. over its nuclear program, and that he would suspend nuclear and ballistic missile tests during the talks.
On “The Daily,” we discuss what happened to the threat of nuclear war.
Hein Htet/European Pressphoto Agency
4. The U.S. Holocaust Memorial Museum revoked a prestigious human rights award it had given to Daw Aung San Suu Kyi, Myanmar’s civilian leader.
The museum faulted Ms. Aung San Suu Kyi for failing “to condemn or stop the military’s brutal campaign” against the country’s minority Rohingya population.
It’s perhaps the strongest condemnation yet of Ms. Aung San Suu Kyi, a Nobel Peace Prize laureate. For many of her onetime admirers, her handling of the Rohingya issue has been a grave betrayal.
Matt Dunham/Associated Press
5. The British authorities confirmed that a former Russian spy and his daughter had been poisoned by a nerve agent in England this week. Suspicion is now rampant that the episode was an assassination attempt — and that Russia may be responsible.
The former spy, Sergei Skripal, 66, and his daughter, Yulia, 33, remain in critical condition. Above, the scene near the park bench where they were found.
Stephen Speranza for the New York Times
6. The second major winter storm in less than a week hit the northeastern U.S.
Schools were closed throughout the region and the governors of Massachusetts, New Jersey and New York declared states of emergency. Parts of New York shook with “thundersnow.” Above, a scene in Brooklyn.
More than 2,600 flights were canceled across the country, and the evening commute was expected to be messy. Here’s the latest.
Ruth Fremson/The New York Times
7. A Utah lawmaker introduced a bill that would rename the state’s most scenic highway in honor of President Trump, as a thank-you for the administration’s decision to shrink two national monuments there. Above, Zion National Park, which is near the highway.
An opponent of the bill countered with his own proposal: a “Stormy Daniels rampway.” The pornographic-film actress, who says that she had an affair with Mr. Trump, filed a lawsuit claiming that a “hush agreement” was void because Mr. Trump didn’t sign it.
Roger Kisby for The New York Times
8. “I’m on the edge of crazy when I’m laying brick.”
That was the defending champion of the Spec Mix Bricklayer 500, the world’s largest competition of bricklayers, in Las Vegas.
The trade seems to be at risk for a robot takeover — despite rising wages, there’s a shortage of workers. But the bricklayers we talked to aren’t worried.
“There’s a human element to a craft that you don’t get from a robot,” the head of a contractors’ group explained.
Doug Chayka
9. Our tech columnist skipped digital news for two months, reading print editions of three newspapers each morning instead.
“It has been life changing,” he reported. “Turning off the buzzing breaking-news machine I carry in my pocket was like unshackling myself from a monster who had me on speed dial, always ready to break into my day with half-baked bulletins.”
The digital version of his column, somewhat paradoxically, was among our best-read articles on Wednesday.
Paul Hebert/ABC
10. Finally, if “The Bachelor” is love, let’s all die alone. That was our recap team’s take on the show’s “most dramatic finale ever.”
And on the late-night shows, Conan O’Brien weighed in on this week’s headlines from Washington. “President Trump claimed there is no chaos at the White House,” he noted. “Just then, a pair of chimpanzees crashed through the Oval Office on a stolen snowmobile.”
Have a great night.

Al JAZEERA: How are Pashtuns standing up for their rights in Pakistan? Swaps Report Update March 7,2018.

New CFTC Banner

what is the cftc swaps report?

On January 1, 2013, certain swap market participants began reporting new and historical swap data to SDRs pursuant to 17 CFR Part 45, and the Commission began the process of analyzing these new data and incorporating them into the CFTC Swaps Report.
The CFTC Swaps Report is designed to be a valuable public service due to its unique combination of data aggregation, free availability, and weekly publication frequency. The CFTC Swaps Report aggregates a comprehensive body of swap market data that was not previously reported to regulators or regulated entities, and makes that information freely available in a form that is readily usable by both market participants and the general public. The swaps market data included in publications produced by entities such as the BIS, ISDA, and the Office of the Comptroller of the Currency vary in scope and granularity, but none corresponds directly to the data stored in the CFTC's SDRs.
The CFTC Swaps Report complements the data made available to the public pursuant to the requirements of the Commission’s regulations governing Real-Time Public Reporting of Swap Transaction Data (17 CFR 43). These data reflect pricing information, contract terms, notional value, and more, and are published at the transaction level and in real-time (more frequently than the weekly production of the CFTC Swaps Report). This level of specificity will be highly valuable in several ways, especially in enhancing the price discovery function of the swaps market; however, these data will be disaggregated (reported as individual transactions), and any individual stream or production of these data will reflect only those transactions that are reported to a single SDR. The CFTC Swaps Report is designed to aggregate these data across SDRs and across regular intervals of time to produce useful, informative summary tables. Further, the CFTC Swaps Report presents only market-facing swaps transactions, i.e. those transactions executed at arms-length between non-affiliated entities, which allows the public a view of the competitive marketplace.
The CFTC Swaps Report represents only those swaps that are reported to the CFTC’s registered SDRs by swap market participants. The CFTC Swaps Report currently incorporates data from four SDRs (Bloomberg SDR, CME Group SDR, DTCC Data Repository, and ICE Trade Vault); however, data from additional SDRs could be incorporated in the future.
The Dodd-Frank Act requires that the Commission publish a report on trading, clearing, participants, and products in the swaps market on a semiannual and annual basis. (CEA Section 2(a)(14)). The Commission has elected to publish the CFTC Swaps Report on a weekly basis, and anticipates publishing a semiannual and annual report at a future date. This weekly publication frequency will allow members of the public and market participants to gain a more thorough understanding of developments in the swaps market.
The CFTC Swaps Report is published every Wednesday at 3:30 p.m., unless otherwise noted. See the Release Schedule for more detailed information.
The Commission welcomes continued feedback from market participants and members of the public regarding the format, classification structures, and supporting documentation of the CFTC Swaps Report. Submit questions or comments on the CFTC Swaps Report to

how is the cftc swaps report structured?

The CFTC Swaps report is structured as a set of report tables and supporting documentation.
Gross Notional Outstanding
These tables provide a weekly snapshot of the market-facing notional amounts outstanding in SDRs on a gross basis, in millions of U.S. dollars, by participant type, cleared status, and product type. For certain asset classes, these tables also display gross notional amounts outstanding by currency, tenor, or grade. All Swaps Reports display the most recent five weeks of data for all asset classes; Swaps by Asset Class Reports display data for individual asset classes for only the most recent week.
Transaction Dollar Volume
These tables display total weekly market-facing swap transaction dollar volumes (the combined notional values of the trade events that occur over the course of each week) by participant type, cleared status, and product type; for certain asset classes, these tables also display swap transaction dollar volumes by currency, tenor, or grade. Trade events include price-forming events such as new trades, terminations, amendments, and novations. All Swaps Reports display swap transaction dollar volumes for the most recent five weeks of data for all asset classes; Swaps by Asset Class Reports display swap transaction volume data for individual asset classes for only the most recent week.
Transaction Ticket Volume
These tables display total weekly market-facing swap transaction ticket volumes (the number of trade events that occur over the course of each week) by participant type, cleared status, and product type; for certain asset classes, these reports also display swap transaction ticket volumes by currency, tenor, or grade. Trade events include price-forming events such as new trades, terminations, amendments, and novations. All Swaps Reports display swap transaction ticket volumes for the most recent five weeks of data for all asset classes; Swaps by Asset Class Reports display swap transaction volume data for individual asset classes for only the most recent week.
The archive contains all of the previous publications of the proposed and current versions of the CFTC Swaps Report, dating from the initial publication to the current reporting period. Select a date from the calendar to view the weekly report for that date.
CFTC Swaps Report Data Dictionary
The CFTC Swaps Report Data Dictionary is a glossary of terms used in the CFTC Swaps Report. Please note that this dictionary is provided exclusively for the purpose of enhancing the usability of the CFTC Swaps Report. Refer to the CFTC Glossary for additional definitions pertaining to swaps and derivative markets in general.
Explanatory Notes
The Explanatory Notes provide further detail on the data, aggregation methodology, and naming conventions used in the CFTC Swaps Report. Please note that these explanatory notes are provided exclusively for the purpose of enhancing the usability of the CFTC Swaps Report.

CFTC Swaps report tables


All Swaps

Gross Notional OutstandingDollar VolumeTicket Volume
Cleared StatusCleared StatusCleared Status
Participation TypeParticipation TypeParticipation Type

Asia, Europe and U.S. Stock Markets Report on March 7, 2018.


Gary Cohn, metals tariffs and currencies in focus

Cheang Ming

Asian markets closed lower in choppy Wednesday trade following news that a top Trump economic advisor had resigned.
The Nikkei 225 slipped 0.77 percent, or 165.04 points, to close at 21,252.72. The index had pared losses of around 1 percent earlier in the day to hover around the flat line, before sliding once again.
The iron and steel sector, which would likely be affected if recently announced tariffs were implemented by the Trump administration, fell by 2.12 percent.
South Korea's Kospi shed 0.4 percent to close at 2,401.82 after notching gains earlier in the day. Despite the broader sentiment in the market, heavyweight Samsung Electronics advanced 3.4 percent and SK Hynix edged up 0.36 percent.

-165.04 -0.77%
HSI HSI 30196.92
-313.81 -1.03%
ASX 200 S&P/ASX 200 5902.00
-60.40 -1.01%
SHANGHAI Shanghai 3271.46
-18.18 -0.55%
KOSPI KOSPI Index 2401.82
-9.59 -0.40%
CNBC 100 CNBC 100 ASIA IDX 8700.24
-62.61 -0.71%
Overnight news that North Korea was open to talks with the U.S. on denuclearization was also in focus as stocks with exposure to North Korea jumped. Shinwon, which Reuters said formerly managed factories in the Kaesong industrialized zone, surged 21.81 percent.
The Hang Seng Index lost 1.15 percent by 3:00 p.m. HK/SIN, but held above the 30,000 mark. Mainland markets closed mixed: The Shanghai composite edged down 0.55 percent to end at 3,271.46 and the Shenzhen composite traded lower by 0.78 percent.
Down Under, the S&P/ASX 200 declined 1.01 percent to end at 5,902. All of the benchmark's sub-indexes finished the day in the red, with the exception of gold producer stocks, which rose 1.49 percent. The heavily weighted financials sub-index lost 1.13 percent as Australia's "Big Four" banking stocks edged down.

Trade concerns back in focus

Trade fears, which had eased slightly in recent sessions, were in focus after White House chief economic advisor Gary Cohn resigned from the Trump administration on Tuesday.
While Cohn's departure date has not been announced, the development came after Trump's announcement last week that tariffs of 25 percent and 10 percent would be implemented on steel and aluminum imports, respectively. Cohn, a free trade advocate, had been against the tariffs.
The dollar slid against the safe-haven yen on the news, fetching 105.54 at 2:40 p.m. HK/SIN, after falling as low as 105.43 earlier and compared to the 106.1 handle seen at the end of the New York session.
Against the Swiss franc, which is also seen as a safe haven currency, the greenback declined to trade at $0.9365, compared to levels around the $0.94 handle seen in the last session. The dollar index, which tracks the U.S. currency against a basket of six rivals, slipped around 0.2 percent to 89.425.
The SPDR S&P 500 ETF Trust also fell 1.5 percent while U.S. stock index futures traded lower. Dow Jones industrial average futures were down 419 points during Asia afternoon trade.
Following Trump's threat that European Union car taxes could be taxed after the bloc said it would not sit idly by U.S. tariffs, one expert cautioned that tensions could continue to simmer.
"It won't end there. It is not hard to characterize current market behavior as complacent," wrote ING Chief Economist Robert Carnell in a note.
In corporate news, Japan's Kobe Steel on Tuesday said CEO Hiroya Kawasaki would resign on April 1 following a data falsification scandal. Shares of Kobe Steel were down 7.39 percent, under-performing the broader index.
Despite the broader declines seen in greater China markets, banking stocks listed on the mainland got a boost after Reuters reported on Tuesday that regulators intended to cut the proportion of funds required to cover bad debt. China Construction Bank finished the day up 1.85 percent and Industrial and Commercial Bank of China advanced 1.37 percent.
On the commodities front, oil prices moved in the same direction as stocks. U.S. crude futures lost 0.86 percent to trade at $62.06 per barrel and Brent crude futures were down 0.85 percent at $65.23.


European stocks close higher after EU threatens US with tariffs

Justina Crabtree, Sam Meredith, Ryan Browne

European stocks closed provisionally slightly higher Wednesday, after the resignation of President Donald Trump's economic advisor and the European Union's threat of tariffs on U.S. goods heightened fears of a global trade war.

FTSE FTSE 7158.21
11.46 0.16% 623219295
DAX DAX 12244.79
130.92 1.08% 72705545
CAC CAC 5190.06
19.83 0.38% 61432012
IBEX 35 --- ---
--- --- ---
The pan-European Stoxx 600 closed provisionally 0.37 percent higher Wednesday, with most sectors and major bourses in positive territory.
Europe's auto stocks were among the best performers, up 0.4 percent. Renault shot up by 8 percent after Reuters reported that it was in talks with Nissan to sell most of the French government's stake in the car-maker to its Japanese alliance partner. The stock later pared those gains as traders pointed to a denial of the plans by Nissan. The auto sector was rattled recently after Trump threatened a levy on imports of European cars.
Basic resources, meanwhile, were down more than 0.3 percent, amid concerns the Trump administration will proceed with protectionist tariffs on steel and aluminum imports. Fresnillo, Randgold Resources and Hydro were the worst performers of the sector.
Looking at individual stocks, Rolls-Royce surged to the top of the European benchmark after the firm said it remained on course to meet its financial goals for 2020. The British engine-maker reported better-than-expected operating profit for 2017, sending shares more than 11 percent higher.

Cohn resigns

On Wall Street, stocks traded lower on the back of Gary Cohn's resignation from the White House.
Cohn, Trump's top economic advisor and the former president of Goldman Sachs, announced Tuesday that he would resign following disagreement with Trump over plans to slap tariffs on steel and aluminum imports. Cohn was seen as a voice of reason in the White House and well-liked by Wall Street.
The European Union outlined a three-pronged response to proposed metals tariffs from Trump's administration Wednesday, including items such as peanut butter, cranberries and orange juice that could see higher charges in Europe.
Speaking at a press conference in Brussels, Cecilia Malmstrom, the EU's commissioner for trade, said the institution would take the case to the World Trade Organization and would coordinate its actions with other trade partners that are also against the proposed tariffs from the U.S.
In the U.K., Saudi Crown Prince Mohammed bin Salman is to begin a three-day state visit to London. He will meet U.K. Prime Minister Theresa May, Foreign Secretary Boris Johnson and senior royals at Windsor Castle. Protests against his visit are planned.
Meanwhile, a political stalemate continues in Italy as parties vie for the leadership of a governing coalition after Sunday's inconclusive election. The leader of Italy's far-right Lega – the largest party within a center-right coalition in last week's vote – has said that he is the only option for prime minister. Former Prime Minister Silvio Berlusconi has put his name forward as the "coordinator of the center-right" coalition, according to Reuters.
CNBC's Silvia Amaro contributed to this report.+


Dow briefly erased 2018 gains to go negative with more than 300-point tumble amid Cohn resignation

Mark DeCambre

The Dow Jones Industrial Average on Wednesday afternoon briefly gave up its year-to-date gains, as Wall Street wrestled with news that Cohn is National Economic Council Director Gary Cohn has resigned from the White House. Market participants fear that Cohn's departure suggests that President Donald Trump will push forward on tariffs and on steel and aluminum imports that the key adviser has opposed. Moreover, Cohn was viewed as a chief engineer of the president's pro-business agenda. The Dow DJIA, -0.33% was down 349 points, or 1.4%, at 24,535 at its lows, pushing the average down 0.7% in the first three months of the year. Most recently, the Dow was off 71 points, or 0.3%, at 24,813, off its worst levels of the day. Meanwhile, the S&P 500 index SPX, -0.05% was down flat at 2,726, hanging on to a 2% year-to-date return, while the Nasdaq Composite Index COMP, +0.33% was up 0.3% at 7,394, maintaining a 2018 rise of 7.1%. U.S. stocks fell to session lows as the energy sector XLE, -0.78% took a sharp turn lower at around noon. Corrections and Clarifications: An earlier version of this article misstated Gary Cohn's title. His official role at the White House is National Economic Council Director.

CNBC Your Wealth: 42% of Americans may retire broke

Straight talk from the money editor

The world is getting older. There are more people age 65 and older than ever before, and these 600 million individuals are placing pressures on established retirement systems. The World Bank estimates that by 2050 the global elder population will grow to 2.1 billion, making retirement security one of the most pressing social issues facing the world in the next 30 years.
And sadly, the U.S. is losing ground when it comes to retirement security. Among the leading nations for retirement security, the U.S. ranks #17, according to the 2017 Global Retirement Index. At this rate, retirement is more of a fantasy than a reality for many people in this country. For more stuff like this, please follow me on Twitter @jimpavia

Jim Pavia
Money Editor

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