2016年6月3日星期五

Friday Morning Briefing: The trouble with express airport security lines

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Reuters
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Want to hop the airport security line? Just pay up, Delta says. There's only one problem. Airport managers don't like the idea. They say they don't have the room and they're not excited about stoking the ire of the little people who have to wait an hour for their pat-down.


A former UCLA student killed a woman at her home in Minnesota before he drove 2,000 miles to the university where he killed an engineering professor, police said. He had a third intended victim on his list, another professor, but he failed to find that person.


The upshot of the OPEC meeting? Status quo, mostly. Iran plans to step up its oil production to regain market share after reaching a deal with Western powers removing sanctions enacted because of the country's nuclear weapons program. Saudi Arabia promised to play nicely with OPEC and not flood the market with oil. But there was no agreement on production cuts or freezes.


Happy Friday. Here's a panda picture

 A baby panda is pictured in its mother's mouth at the Pairi Daiza wildlife park in Brugelette, Belgium, June 2, 2016. REUTERS/Benoit Bouchez/Pairi Daiza/Handout via REUTERS


Around Wall Street

  • The Federal Reserve may be forced to delay a rate hike at its June meeting because of mounting concern over the economic fallout from Britain's vote on whether to leave the European Union. The geopolitical risk likely will push any rate increase until at least July, despite apparent consensus among Fed officials that a hike is warranted by stronger growth and tight labor markets. The Fed is slated to meet June 14 and 15. The Brexit vote is scheduled for June 23.

Digit of the day:

3

Those preferring to remain in the EU lead the polling by 3 points over those who favor Brexit, according to the Financial Times' poll of polls. It's worth noting, however, that five of the last seven polls favor Brexit or a dead heat between to the two positions. The most recent poll from last Monday shows Brexit supporters up by 3 percent.

  •  Speaking of labor markets, today's jobs report is expected to provide another data point in favor of interest rate hikes. Analysts expect nonfarm payrolls to have risen by 164,000 jobs, up from 160,000 in April. The unemployment rate is forecast to have dipped 0.1 percentage point to 4.9 percent.
  •  Sumner Redstone, largest shareholder of the Viacom media empire, has the mental capacity needed to remove CEO Philippe Dauman from the trust that will eventually control the company, according to a psychiatrist who examined the 93-year-old mogul twice last month.

 

 Around the country

  • A U.S. Army truck overturned in a swollen Fort Hood creek, killing three soldiers and leaving six missing as storms dumped more rain on flood-hit parts of Texas.
  • Speaker of the House Paul Ryan said he plans to vote for Donald Trump, making Ryan the last member of the Republican congressional leadership to formally support him.

Quote of the day:

"Donald Trump's ideas are not just different, they are dangerously incoherent. They're not even really ideas, just a series of bizarre rants, personal feuds and outright lies." – Hillary Clinton

 


Only 158 more days of this…


Around the world

  • "Falluja is a tough nut to crack," Iraqi Finance Minister Hoshiyar Zebari said of the city that is a bastion of the Islamic State insurgency within the country. Iraq's army began an offensive in Falluja 11 days ago. But it slowed its pace over fears for the safety of tens of thousands of civilians trapped in the city with limited access to food, water or healthcare.
  • Eat your heart out, Denis Leary. It turns out there may be a cure for cancer…eventually.
  • Grimm's fairytale or nightmare parents? A 7-year-old Japanese boy was throwing stones at cars. So his parents left him by the side of the road. And when they came back for him, he was gone. For six days. A Japanese soldier found him on a military base, and he was reunited with his parents. "We - well, we loved him before, but I hope to give him even more attention now," his father said. Really. The end.

Today's reason to live

Belle & Sebastian – The Blues Are Still Blue

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