Nadita File – 09/17/2014 Post brought from Dinar Daily
Good evening everyone, thanks for watching Nadita File where the spin starts here J
Fighting ISIS : Chess reported Pres. Obama visits Central Command in Florida to consult military on US campaign vs ISIS. Vows US won’t fight another ground war in Iraq. ISIS warns US it is ready for a fight, says its fighters await US troops. Puts out video showing militants blowing up tanks, wounded US soldiers.
House expected to approve Pres. Obama’s request to train and arm moderate Syrian rebels fighting ISIS. GOP leaders backing Obama’s request.
FED Decision : Rodandstaff reported Fed cuts bond buying by $10B to $15B a month, nears end of asset buys. Fed vote in favor of policy decision 8-2, Plosser and Fisher dissent. Fed renews pledge to keep rates near zero for a considerable time. Sees GDP growth 2.0% - 2.2% in 2014, 2.6% to 3.0% in 2015.
Fed officials don’t see inflation reaching 2% target until 2016. Unemployment rate “little changed”, says there’s still significant under utilization of labor.
Yellen says labor market still has not completely recovered. Data suggests economic activity is expanding at a moderate pace. Fed will use target range for rate policy rather than a single point. Rates could fluctuate within the target range. Rate hikes could come sooner and be more rapid, or come later and be slower, depending on data.
Fed expects modest volatility in Funds rate. Committee comfortable with considerable time phrasing. Outlook was little changed from June meeting.
Consumer prices fall 0.2% in August on dip in energy costs, first decline since April 2013. CFI ex food and energy unchanged. Fails to rise for first time in 4 years.
Other News : NAHB says September home builder confidence at 9 year high. Up 4 points to 59, highest since November 2005. Mortgage applications up 7.9% in latest week. Refi apps up 10.3% and fixed 30 year mortgage rates averaged 4.36%.
Littlesam doesn’t feel sorry for Russian billionaire Vladimir Yevtushenkov arrested in money laundering case. Shares of his company, Sistema, plunged nearly 30% today. German judge lifts temporary ban on Uber ride-sharing service. Still says taxi operators complaints deserve full airing.
Captl1 hopes for the best as campaign against Scottish independence from UK is ahead by small margin : 52% vs 48%. Referendum vote is Thursday. A’yes” vote will end 307 year old union with England.
Uneek hopes the suspect will be captured soon. Suspect in ambush killing of state trooper, wounding another is armed and dangerous. Penn Police says Eric Frein has talked about wanting to commit mass murder.
Gymrat76541 hopes rv comes soon so he can bid for Captain America motorcycle Peter Fonda rode in “Easy Rider” going up for auction. Harley estimated to bring between $1-$2M.
Minnesota Vikings put running back Adrian Peterson on exempt list. Move requires him to stay away from the team while he addresses child abuse charges.
Nike suspends contract with Viking’s Adrian Peterson, shares concerns with NFL. Castrol and Mylan end relationship with Peterson.
Anheuser-Busch spoke with NFL about concerns related to recent player incidents. Company not pulling ads, but says it’s disappointed and increasingly concerned.
Calkid11 wonders what got into these athletes’ heads as another NFL player, Carolina Panthers says defensive end Greg Hardy is taking voluntary leave with pay. Hardy has appealed July conviction for assault on female. Trial set for November.
NFL Players Association appeals Ray Rice’s indefinite suspension. Rice knocked out his then-fiancee while in a casino elevator in February. Nadita’s opinion is that these NFL players carry a lot of influence with their fans and I am glad NFL is not taking their actions lightly.
They are no difference than common people. Hopefully other players will consider their act and conduct wisely as it will tarnish their career, not to mention all the sponsors.
A-J516 gives a big sigh of relief as House select committee on Benghazi has first open hearing today. State Department’s chief of diplomatic security will testify.
Boosterbglee says prayer for people in Arizona as rain falling on much of Arizona as remnants of tropical storm Odile barrel through state. Many areas of state under flash flood watches.
Hundreds more firefighters sent to fast growing wildfire in northern California. Blaze 60 miles east of Sacramento has burned through 29 sq miles.
Dow gained 25 points at trading today. Gold closed at $1,225, silver at $18.57, copper at $3.13. Crude oil at $93.77. Stocks close higher on Fed maintains low rates, Dow posts new record close. 10 year yield rise on Yellen’s comments, oil drops lower, gold falls on strong dollar. Dollar rises on Fed decision, Euro tumbles from 5 month peak, at 6 year high vs yen.
Wiljor is thinking twice to get on Alibaba IPO ride as it can be over rated for Friday IPO. Alibaba valuation in May 2014 at $60/share will give them $142.59B. As it’s getting closer to its IPO on Friday, the IPO pricing at $66.45/share, will give them $162.9B.
China e-commerce market shares are : Alibaba – 79%, JD.com – 17%, Tencent – 2%, Amazon – 2%, VANCL – 1%. Who owns Alibaba ? Softbank -34.4%, Yahoo – 22.6%, Jack Ma – 8.9%, Joseph Tasi – 3.6%, Other – 30.5%. Could it be “other – 30.5%” is Chinese government? You never know J
Nannab read Bank of China injects $81B into country’s major banks to support economy.
Rackspace (RAX) decides to stay independent following strategic review by bankers. JPMorgan replacing some credit/debit cards due to Home Depot security breach. US Steel (X) trims expansion, sees significant higher Q3 results. US Steel says its Canadian unit will apply for protection from creditors while it looks at restructuring alternatives.
AG Holder to call for bigger rewards for Wall Street whistleblowers. Would increase rewards for evidence of financial wrongdoing above current $1.6M cap. Credit Suisse potentially risky loans under scrutiny by Federal Reserve. NY AG says Barclay’s motion to dismiss HFT suit should be denied.
Microsoft hikes dividend by 11% to $0.31 per share, smallest percentage rise since 2009. Kohl’s to hire more than 67K workers for holiday season vs 50K last year.
American Airlines passenger service agents vote to unionize for first time in their history.
Saint read new Apple iPhones getting positive reviews. Some say it’s best smartphone “ever made”. Re/Code’s Walt Mossberg on new iPhone 6 says he thinks it’s a terrific phone. In his view, it’s the best smartphone on the market. Health kit apps won’t be available till end of month, has software glitch.
GNC is upgraded to outperform from neutral at Wedbush. Price target raised to $46. Under Armour is also upgraded to overweight from neutral at Piper. GE started as a buy with a $30 price target at Stifel.
From Dinar Land : From international forum, Iraqi government, battle on the ground, airstrikes to fight the cancerous ISIS. All these efforts are aimed to fight ISIS which successfully established their territory in Iraq and Syria by stealing large amounts of heavy arms from Iraq and seizing money from banks and controlling areas rich with crude oil. ‘
ISIS has become a formidable entity in the heart of Arab with their brutality and barbaric act.
Okane suspects ISIL’s barbaric and brutality will backfire, they have contributed in bringing the world powers together to fight it from Sunnis, Sunni countries including Wahhabi Saudi Arabia now fear ISIL may represent grave danger against their ruler and governments.
Vietnam1969 reported US has conducted 170 airstrikes destroying vehicles and positions threatening cities and strategic structures as dams. These airstrikes have been effective but this is a war against ideology.
Sandfly is taking a much needed break after all those airstrikes. Terrorists are embedded with the civilian population in large cities such as Mosul in Iraq and Raqa in Syria who considers death as a way to heaven.
Viciousdoggie heard Australian PM Tony Abbot said farewell to 600 troops headed to Iraq as part of US led coalition. Australia has dispatched four shipments of arms to Erbil in northern Iraq.
Iraqi security forces managed to help 16 worker bees to go to their heaven. 4000 tribal fighters are ready to join Iraqi security forces in their push against ISIL terrorists north of Tikrit.
Tankdude is happy to hear raqi security forces and Kurdistan peshmerga’s morale is high as both are advancing to liberate territory from ISIL and choking the rebels from the north and south. Both forces like to see more airstrikes by American jetfighters.
The ministry of education said universities in Nineveh and Salaheddin provinces have coordinated with other universities to conduct the final exams for displaced students on September 20th .
The Iraqi Martyr’s Foundation has distributed 145 billion dinars to about 25,000 families of fallen soldiers. The foundation said it is also helping badly injured troops getting medical treatment abroad.
Puckster_guy agrees with Kuwaiti government which has rejected 800 non Kuwaitis from entering the country. These individuals are suspected to belong to ISIS.
High ranking officials said Kuwait is coordinating with Saudi Arabia in preparing lists of suspected people trying to enter their countries. Authorities have increased their security intelligence in all borders including airports. Those coming from Syria and Turkey are being watched carefully.
A Syrian jetfighter reportedly was shot down by ISIS which indicates they might possess sophisticated surface to air missiles that will possibly make US airstrikes over Syria more challenging.
Baghdad provincial council will sign a comprehensive contract next month with a large French engineering company that will cover the development of all sectors until 2040. These plans include water, sewage, electricity, health related projects.
A provincial spokesman said an initial 20B dinars will be earmarked for the first phase of the project. This is one huge project.. no wonder France Pres. Hollande paid a visit to Iraq and met with officials to secure the deal.
Bsndhn witnessed UNDP and Iraqi government signed a $1.8M agreement as a continuation support after April election. The fund came from Sweden. The aim is to strengthen the Iraqi government to face current challenges.
Members of parliament eager to be appointed in committees related to economy such as planning and investment, monetary policy and trade. They said they are hopeful of the success of filled position of defense and interior ministers tomorrow. So that the focus will turn into passing legislation related to economy in the near future.
From Rumor Land : TD says Iraq might adopt Turkish model which likely will be at the end of first quarter 2015.
Enorrste thinks CBI has kept a check on inflation better than any other country in the world.
Poppy3 says it looks very promising to get all complete and release a rate shortly.
Pepperoni on pizza says the plan now is clearly different.
Delta and Nova think you can’t activate laws without rate and article 8.
Millionday says the budget has not been opened yet but what she has it is to open October 1st.
Exogen says the simple equation HCL + GOI = RV.
Tim724 says Iraq is serious about the economic reform.