| By Derek Caney (@stax920)
The Republican veepstakes are shaking out to be a two-way race between Indiana Governor Mike Pence and the former U.S. House Speaker Newt Gingrich. Donald Trump is expected to name his running mate tomorrow, following an unusually public mating ritual. Pence is considered a safe choice – not too flashy, but popular among conservatives with Midwestern appeal. Gingrich has deep experience in the legislative process from his time as speaker. Long shots include New Jersey Governor Chris Christie and Senator Jeff Sessions of Alabama. Pence's chances of getting the call soared 54 percent from 30 percent on Sunday, according to betting markets. Gingrich has a 25 percent chance, Christie an 11 percent chance and Sessions a 6 percent chance.
For Hillary Clinton's running mates, Senator Tim Kaine of Virginia is seen as her safe bet. Other names bandied about include darling of the progressive set Senator Elizabeth Warren of Massachusetts, Secretary of Labor Tom Perez, Senator Sherrod Brown of Ohio and Secretary of Housing and Urban Development Julian Castro. Kaine leads in the betting markets with a 39 percent chance of getting the nod. Perez has a 13 percent chance, Warren a 10 percent chance, Brown a 9 percent chance and Castro a 5 percent chance.
Digit of the day: 0.5 percent Global stocks pared some of their overnight gains after the Bank of England unexpectedly left its interest rates unchanged at 0.5 percent. The central bank was expected to cut rates as part of its Brexit defense plan. The Dow Jones index futures are up 115 points, or 0.6 percent. At one point, they were up 1 percent.
Little Bull Run 
A boy is chased by a toy bull as he takes part in the Encierro Txiki (Little Bull Run) during the San Fermin festival in Pamplona, Spain July 13, 2016. REUTERS/Susana Vera
Around Wall Street - Pokemon GO opens up a whole new field of marketing for local establishments willing to pay up. The game, as any 11-year-old boy or shameless 20-something will tell you, uses so-called augmented reality, in which a series of Pokemon characters overlays real-world online maps. And people walk around neighborhoods, stepping over real-life dead bodies, collecting these virtual creatures. Local businesses are paying Nintendo to put these digital creatures in their restaurants and stores to attract customers. With 65 million users in just seven days in the U.S. alone, retailers and Nintendo smell money.
- Even if oil prices rebound enough to bring shale production back online, the industry will be a far cry from the boom era of 2009 through 2014. During that time, oil prices more than tripled to over $100 a barrel. Between 2014 and February 2016, the price plummeted to around $26 a barrel. They've since rebounded to about $50, but the oil rigs that were shuttered are in disrepair and the labor won't be as cheap this time around.
- Tesla Motors ended a program that guaranteed the resale value of its cars and cut the starting price of its Model X crossover. The changes come after Tesla warned earlier this month it will miss its vehicle delivery target for a second consecutive quarter. The company also faces a regulatory investigation of its Autopilot technology following a fatal crash two months back.
Around the world - China's defeat in a legal battle with the Philippines over territorial claims in the South China Sea could embolden other states to file lawsuits if Beijing refuses to compromise on access to the resource-rich region. There are several avenues for litigation that countries could pursue rather than risk any action at sea that would worsen military tensions. Meanwhile the U.S. wants to persuade the Philippines, Indonesia, Vietnam and other Asian nations to play it cool.
- Just when we thought he was out, they pulled him back in. Britain's new prime minister Theresa May named former London mayor and the most public face of Brexit Boris Johnson to the post of foreign secretary. This is the man who compared the goals of the European Union with those of Adolf Hitler and Napoleon while campaigning for Britain to leave the trading block, a campaign that his side won by referendum last month. It should make for interesting diplomacy as Britain extricates itself from the EU.
- Eight years ago, Russian President Vladimir Putin fought bitterly with coal and steel magnate Igor Zyuzin. Now, the Kremlin is believed to have played a role in the bailout of Zyuzin's company Mechel. That political recalculation underscores Russia's vulnerabilities, including Western sanctions over Ukraine, the slump in commodity prices, and the threat of mass layoffs and financial instability.
Around the country - CIA Director John Brennan said he would resign if the next president ordered his agency to resume waterboarding suspected militants. The presumptive Republican nominee Donald Trump has said he would reauthorize waterboarding immediately if elected, contending that "torture works."
Quote of the day "I can say that as long as I'm director of CIA, irrespective of what the president says, I'm not going to be the director of CIA that gives that order (to waterboard). They'll have to find another director." – John Brennan, director of the CIA - Senator Elizabeth Warren called for a regulatory probe into whether short-term rental websites such as Airbnb are taking housing away from long-term renters and pushing up prices.
- The Chinese government likely hacked computers at the Federal Deposit Insurance Corporation in 2010, 2011 and 2013. Employees at the U.S. banking regulator covered up the security breaches to protect the incoming chairman who was in the process of being confirmed by the Senate at the time, according to a congressional report. China's foreign ministry called the report "extremely irresponsible," saying that it opposed and acted against hacking.
Today's reason to live The Clash – Lost In The Supermarket |
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