| By Derek Caney (@stax920)
Donald Trump came into an NBC presidential forum with the subtlety of a flying polo mallet, saying that Russian President Vladimir Putin was a better leader than President Obama and that U.S. generals had been "reduced to rubble." He also said he received classified security briefings that revealed the White House didn't follow recommendations made by experts. Hillary Clinton spent much of her time defending her handling of classified information while using a private email server during her tenure at the State Department, while trying to demonstrate her command over policy detail and nuance. Quote of the day "I think under the leadership of Barack Obama and Hillary Clinton the generals have been reduced to rubble. They have been reduced to a point that’s embarrassing for our country." – Donald Trump
The short version: The new Apple iPhone 7 has no headphone jack and a better camera. People think the iPhone 8 will have a more dramatic redesign. Digits of the day: 18 percent The big winner from yesterday's Apple announcement was Nintendo, who are introducing an iTunes version of its 41-year-old Super Mario game franchise. Nintendo shares rallied 18 percent.
(sniff) Some dust in our eye (sob) Nothing more than that (whimper)  Enfermera (Nurse) is one of many shelter dogs in Los Teques, Venezuela. REUTERS/Carlos Garcia Rawlins
Around the world - French police have a second couple in connection with a car found carrying seven gas cylinders near Notre-Dame cathedral in Paris. Another couple was detained earlier this week in connection with the car, which was discovered last weekend.
- The heads of 10 Southeast Asian nations, as well as President Obama and Chinese Premier Li Keqiang, "reaffirmed the importance of maintaining peace, stability, security and freedom of navigation in and over-flight in the South China Sea." But that didn't stop Beijing from voicing frustration with countries outside the region "interfering" in tussles over the strategic waterway.
- Saudi Arabia has ended talks aimed at saving construction giant Saudi Oger, which is now facing the prospect of a multi-billion-dollar debt restructuring to stave off collapse. The company, owned by the family of former Lebanese Prime Minister Saad Hariri, was one of two mega-contractors charged with implementing the grand infrastructure and development plans of the kingdom, building everything from defense installations to schools and hospitals. A collapse of the construction company would send shockwaves through the Saudi economy, which has already been hit by falling oil prices.
Around the country - Representatives of 200 Native American tribes and environmentalists have set up camp near the site of a crude oil pipeline in North Dakota ahead of a ruling expected tomorrow. The Standing Rock Sioux Tribe is trying to get a judge to withdraw permits for Energy Transfer Partners' Dakota Access pipeline. The 1,100 mile $3.7 billion Dakota Access pipeline would carry oil from just north of the tribe's land in North Dakota to Illinois.
- Federal immigration agents raised concerns about the government possibly ending its use of private detention centers used to detain undocumented migrants, a potential policy shift that some say could damage the United States' capacity to enforce its immigration laws.
- Ryan Lochte, the American Olympic swimmer, was suspended for 10 months by the U.S. Olympic Committee and USA Swimming. This is the gentleman who "overexaggerated" a tale about being robbed and held at gunpoint with the three other swimmers after a party during the Rio Olympics.
Around Wall Street - Hewlett Packard Enterprise will spin off and merge (read: sell) most of its software assets with Britain's Micro Focus International Plc in a deal worth $8.8 billion. The deal allows HPE to focus on more profitable businesses such as networking, storage and technology services.
- Elon Musk's Tesla Motors opened a $300 million credit line with Deutsche Bank, bolstering its finances and reducing its cash requirements for its vehicle leasing program.
- U.S. securities regulators want the executor of Charles Wyly's estate held in contempt for failing to pay the $101.2 million owed as a result of the late Texas businessman's fraud. The Securities and Exchange Commission said Donald Miller, Charles Wyly's son-in-law, had taken no steps in his role as executor to pay the sum after being ordered to do so in February 2015. The SEC sued Sam and Charles Wyly in 2010, contending the brothers earned $553 million in undisclosed profits by trading in four companies they controlled using trusts in the Isle of Man.
Today's reason to live The Drifters – Far From The Maddening Crowd |
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