It is the 19th of July 2018

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Mueller Impanels Grand Jury In Russia Probe, Donald Trump Jr. Subpoenaed

Update: Reuters adds that Grand Jury subpoenas have been issued in connection with the June 2016 meeting between Donald Trump Jr., Russian Lawyer and others.

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Senator Graham: Trump Is Prepared To Strike; "There Is A Military Option To Destroy North Korea"

Appearing on the Today Show earlier this morning, Senator Lindsey Graham (R-SC) said that President Trump has indicated to him that the administration is prepared to strike North Korea to prevent an attack against the U.S.  Pushed on by Matt Lauer on whether a viable military option exists in the region, Graham responded: "They're wrong.  There is a military option to destroy North Korea's program and North Korea itself."

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Treasury To Issue Half A Trillion Dollars In Debt In Q4

In the first warning sign that the US Treasury is burning through more cash than previously expected, at 3pm today the Treasury Department announced that in its latest forecast of end-of-September cash balance it anticipated only $60 billion of cash on hand, nearly half the $115 billion it forecast in its previous report in May, according to the Department’s marketable borrowing estimates.  The treasury also expects to borrow $96 billion in net marketable debt in the current quarter, down from $98 billion forecast previously.

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"This Is Like Free Money" Gundlach Bought S&P Puts At VIX Lows, Says "Gold Looks Cheap"

DoubleLine Capital's Jeffrey Gundlach tells Reuters that his firm bought some five-month put options on the S&P 500 a couple of days ago after VIX fell to lowest since December 1993.

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Democrats Urge Antitrust Action Against Amazon Over Whole Foods Deal

In the wake of their embarrassing electoral defeat in November, Congressional Democrats are turning against the wealthy tech benefactors who bankroll their campaigns. To wit, a group of 12 Democratic Congressman have signed a letter urging the Department of Justice and the Federal Trade Commission to conduct a more in-depth review of e-commerce giant Amazon.com Inc.'s plan to buy grocer Whole Foods Market Inc., according to Reuters.

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AMZN Slides After Hours On Report Of FTC Probe

Just last week we noted that the one entity that could 'out-Amazon' Amazon - the US government - was beginning to ask if Bezos' company was too big? Tonight we got our first glimpse as the FTC sent a shot across the world's 2nd richest man's bow, probing allegations of illegal discounting.

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