Congress

S&P futures are flat, still spooked by the WSJ's report that Gary Cohn will not be the next Fed chair, while both European stocks and Asian shares gain in a overnight session on edge in which everyone is looking forward to today's main risk event: the ECB meeting and Draghi press conference due in under two hours. The dollar continued to weaken against most G-10 peers as tensions over North Korea, concerns over Stan Fischer's resignation and the increasingly cloudy Fed outlook outweighed positive sentiment from the US debt ceiling extension.

In a statement issued moments after AG Jeff Sessions rescinded Obama's DACA Program, Facebook CEO Mark Zuckerberg said on his Facebook page that "It’s time for Congress to act to pass the bipartisan Dream Act or another legislative solution that gives Dreamers a pathway to citizenship."

Authored by Mike Krieger via Liberty Blitzkrieg blog,

Today I want to highlight a troubling bill moving through Congress that seems inspired by a thuggish, authoritarian speech given earlier this year by CIA head Mike Pompeo.

I found that speech so disturbing at the time, I wrote an entire piece taking it apart. Below is an excerpt from that talk which is relevant to this piece:

Having in recent weeks boosted his estimate for government shutdown odds to even, or 50%, in a note overnight from Goldman's Jan Hatzius, the bank's chief economists writes that due to the human tragedy from Hurricane Harvey, the odds of a shutdown have been again reduced, back to Goldman's original estimate of 33%.

Since taking office, President Donald Trump has fired no fewer than 14 high-level staffers, including former chief of staff Reince Priebus and former chief strategist Steve Bannon. With so many vacancies in the West Wing, the Hill is reporting that members of Congress aren’t certain to whom they should reach out at the White House ahead of a particularly difficult stretch of the legislative calendar.