September 11
News
A rate hike on September 16 is all but certain after CPI report. | Mish
JPMorgan now sees the Fed hiking in September and December | Forex
Week Ahead - Economic data: retail sales, trade terms, and industrial production.
Yemen’s Houthi rebels seized Perim Island in the Red Sea Friday
The militia has expanded sway over the important Bab el-Mandeb strait. The island’s capture comes a day after the Houthis took another key Red Sea site—the port city of Mokha—from forces aligned with Yemen’s internationally recognized government. Media reports suggest the Houthis now exercise functional control over Yemen’s entire Red Sea coastline; many analysts fear this will allow the Iran-aligned group to throttle shipping through the waterway, which could send oil prices soaring even higher.
Houthis hail ‘successful’ operation as they take over Red Sea coastline | AlJaz
Hegseth says US will ‘finish this fight’ against Iran | Iran
Mkts 2Y 10Y 30Y
10Y is 4.958%, lower by 1.8bp | 12:26
2Y yield is 4.623%, higher by 3.5
S&P is up 1.02%
Gold is up $40
Oil is down by $2.90 to $99.56
Diesel above $6 to record: $6.055
AAA gasoline is $4.295 vs $4.011 a month ago
Diesel Crunch Set To Worsen As Refining Capacity Falls Short | Zero
August Core CPI 0.3 m/m. Hotter than expected
Core is 2.4% y/y, the lowest since March 2021
August CPI 0.4 m/m and 3.4% y/y
Gasoline rose 3.9% in August, accounting for over one third of the monthly all items increase.
The professional left doesn’t know what to do. | CTH
Today, all the toxic, murder-supporting, leftist feminists found out the lone male holdout was a black man in his 30’s. Suddenly, you can hear a pin drop as silence falls upon the professional AWFLs (Affluent, White, Female, Leftists).
The Fed Should Stop Dilly-Dallying Around | Wolf
PPI Shows Surging Inflation Across Prices that Companies Pay Each Other.
The bond market is thinking: Wait a minute, that $5,000 is like all three Covid stimulus checks combined, all at once. All this free money that the government threw out, first under Trump then under Biden, helped trigger the worst inflation in 40 years, and bond holders got crushed by the loss of purchasing power and the plunge in market value, and now Trump wants to supercharge the free money inflation circus all over again?
Trump’s Fake Iran Nuclear Threat | RTruth
When an administration wants to drag the country into a catastrophic war of choice, it invents a ticking nuclear clock. Twenty-three years after the Bush-Cheney machine fabricated the phantom “mushroom cloud over American cities” to march the nation into the Mesopotamian meat-grinder, Donald J. Trump—the self-proclaimed anti-establishment populist who spent a decade loudly railing against the Iraq War and promising to dismantle the “Deep State”—has fully copied the playbook.
Today’s Digest covers NYC grocery lawsuits, Stop Nick Shirley law, AR-15 bans, AI homeschooling, school gender lessons, youth gender care, COVID vaccines, Epstein files, AI surveillance, geoengineering, coral reef, nuclear projects.
The departure of Joe diGenova could signify some Battle of the Titans | Kunst
Joe DiGenova, the former DC federal attorney supervising the grand jury action in Florida concerning RussiaGate and associated treasons, is out. He said he “resigned.” That’s usually a cover. Somebody gave him the boot, and it was either Todd Blanche or President Trump. Cuz, why? I suppose we’ll find out.
Debt Rattle
European Leaders Trying To ‘Buy Time’ For Kiev With Ceasefire Calls – Lavrov
Bessent Warns Of Consequences To Losing AI Arms Race To China
Insta
Lindsay Clancy juror Paula Devlin reveals on 'CBS Mornings' that the lone, male holdout juror who voted to find Clancy guilty of murdering her children was the *only* person of color -- a black man. The 11 not-guilty jurors -- who hectored him for a week to cave -- were all white.
A Canadian defense official warned that restarting military talks with China would hurt ties with the US. Weeks later, she was fired.
UN OUT OF THE US, US OUT OF THE UN:
NCAA Rules Michigan May Keep Playing Until They Win | Genes
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