From the CNBC article" "The raid came after federal prosecutors in New York City obtained a search warrant following a referral from special counsel Robert Mueller, Cohen's lawyer told the New York Times. " [emphasis is mine.] If this accounting of the warrant holds, then the search warrant was not served for, or on behalf of, the Special Prosecutor. Rather, Mueller's team either found or was tipped off with credible evidence of other criminal activity. By Federal Statute, Mueller cannot ignore the evidence, so he must either (a) incorporate it into his own investigation, or (b) refer it to another investigating body (FBI, State Atty General, etc). Looks like Mueller opted to refer the evidence so as to not broaden the scope of his own investigation.
China's Xi announces plans to open up China, including lowering tariffs on imported autos https://www.cnbc.com/2018/04/09/chinese-president-xi-jinping-speaks-at-boao-forum-for-asia.html Futures spiking, for now it seems like market loving what they are hearing from Xi
So I found the news story, sorry if late http://www.bbc.com/news/business-43696738 Shares in firms controlled by Oleg Deripaska have plunged after the US imposed sanctions on seven Russian oligarchs and their companies on Friday. Shares in the Russian aluminium giant Rusal nearly halved on the Hong Kong stock exchange on Monday. The company said the sanctions were likely to have a "materially adverse" impact on its business and finances. "Rusal will probably have to be bailed out by Russian state banks," wrote analysts at TS Lombard. EN+, the aluminium to hydropower firm controlled by Mr Deripaska, dived by 25% in London. "The US list may not be the final list and it feels like there will be more sanctions, so investors do not know which, if any, stocks to hold," said John Meyer, mining analyst at SP Angel. "US investors have to sell their interests in Rusal and En+ among others by 7 May." The US said it imposed the latest sanctions because of Russian activity in Ukraine, its support of President Bashar al-Assad in Syria's civil war and for subverting Western democracies. According to Washington, the individuals and companies were targeted for profiting from a Russian state engaged in "malign activities" around the world. They follow a diplomatic crisis sparked by the poisoning of former spy Sergei Skripal in Salisbury.
Good Tuesday morning to all. Haven't done one of these in a while. Here is this morning's pre-market thread for those wanting to get a quick read in before today's open- <-- click there to read! Hope everyone has a great trading day ahead today!
Oil situation is getting crazy: Israel and Saudi pretty much joined hands against Iran & Yemen. Then we have this Syria situation, which Trump canceled his trip just now: BREAKING: Trump cancels South America trip to 'oversee the American response to Syria' https://www.cnbc.com/2018/04/10/tru...o-oversee-the-american-response-to-syria.html Currently, we're running up to the EIA report due out at 10:30. Edit: This is tomorrow...lol...
One of Trump's biggest talking points during the debate/election period was that he didn't want to say exactly what his plans were to eradicate ISIS because that is telegraphing to the enemy your strategy. Isn't that total hypocrisy compared to how he lets everyone on Twitter know that he's willing to blow shit up?
Good Wednesday morning to all. Here is this morning's pre-market thread for those wanting to get a quick read in before today's open- <-- click there to read! Hope everyone has a great trading day ahead today!
The SPX at around 2640 to 2645 this morning. Not an attractive price level for a long, given the circumstances. All about the profit-risk ratio. I'd like to see around 2620 for a long entry--ideally, 2590 to 2600 level. But since we are in that deep range--the institutional traders can basically do whatever they want in this range. That's part of the joy and craziness of being deeply range bound
