| By Derek Caney (@stax920)
Two U.S. B-1 bombers flew over South Korea in a show of force and solidarity with its ally after North Korea's nuclear test last week. North Korea was characteristically understated in its response: "Any sanction, provocation and pressure cannot ruin our status as a nuclear state and evil political and military provocations will only result in a flood of reckless nuclear attacks that will bring a final destruction." – KCNA, North Korea's state news agency China warned against escalating tensions on the Korean peninsula.
Quote of the day: "I just didn't think it was going to be that big a deal." – Hillary Clinton The Democratic presidential candidate plans to be back on the trail in a couple of days after a bout of pneumonia that was diagnosed on Friday, but concealed until she fell ill at a 9/11 memorial on Sunday. Her campaign acknowledged it may have been too slow disclosing her pneumonia diagnosis. Meanwhile, presidential campaigns are essentially Petri dishes for bacteria and viruses. Just like nursery school.
The doves are winning the day at the Federal Reserve. Fed Governor Lael Brainard wants to see a stronger trend in consumer spending and evidence of rising inflation before the Fed raises rates. She also noted that the United States still looked vulnerable to economic weakness abroad. So the tea leaves point to unchanged rates after next week's policy meeting. But that view is by no means unanimous. Many other policymakers think the U.S. job market is near full strength and Fed Chair Janet Yellen argued in July the case for rate increases has strengthened. The Dow Jones Industrial Average rose 240 points yesterday, taking back more than half of Friday's rout. Dow Jones futures are down 117 points before the bell this morning
Jumping Jack Flash 
A man in a balaclava jumps over burning debris during a protest against the recent killings in Kashmir, in Srinagar, India, Sept. 12, 2016. REUTERS/Danish Ismail
Around the country - San Francisco 49ers backup quarterback Colin Kaepernick brought his protest against racial inequality to Monday Night Football, kneeling on the field rather than standing as the national anthem played. Three other 49ers and two members of the opposing Los Angeles Rams joined his protest.
- And speaking of sports and social justice, the NCAA plans to move seven collegiate championship sporting events out of North Carolina to protest a state law that discriminates against transgender individuals. The law prohibits anyone in the state to use a public restroom that does not match the gender they were assigned at birth.
Digits of the day: $200 million Donald Trump opened a luxury hotel in a historic building after a two-year, $200 million renovation five blocks from the White House. "It kind of fits his personality that he finds a way to be on Pennsylvania Avenue, one way or another," quipped 70-year-old Judy Byron, a Washington artist protesting against the presidential candidate at the opening.
Around the world - Israeli aircraft attacked a Syrian army position after a stray mortar bomb struck the Israeli-controlled Golan Heights on its northern border with Syria. It also denied Syria's claim that it shot down an Israeli warplane and drone. The air strike was a now-routine Israeli response to the occasional spillover from Syria's civil war.
- While we're on the subject, the United States agreed to a new 10-year package of $38 billion in military aid to Israel. The deal is expected to be signed within days.
- Philippines Foreign Minister Perfecto Yasay tried to walk back a series of tirades by President Rodrigo Duterte, who over the past week called President Barack Obama a "son of a bitch," accused the United States of atrocities under colonial rule, and demanded U.S. special forces leave the country's southern region. "We will respect and continue to honor our treaty obligations and commitments," Yasay said.
Around Wall Street - The crude oil market will be oversupplied through the first six months of 2017, as a result of slowing demand and rising production and inventories, according to the International Energy Agency. Oil prices fell more than 2 percent overnight.
- The collapse of Hanjin Shipping and the consequent 50 percent spike in freight rates mask a bigger problem in the industry: a capacity glut that will remain even after the Hanjin crisis is resolved.
- Industrial gas rivals Linde and Praxair ended merger talks. Although the logic of the deal was clear, the talks foundered on where the combined firm would have its headquarters and research and development, and who would occupy the main management roles.
Today's Reason To Live Lydia Loveless - Longer |
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