We knew it was coming. An Arab League showdown on Tuesday turned into a shouting match involving allies turned bitter enemies Saudi Arabia, Qatar, and United Arab Emirates.
Last month, Treasury Secretary Steve Mnuchin's trophy wife Louise Linton posted the following ill-advised response to an Instagram troll that, among other things, condescendingly blasted the suggestion that Mnuchin/Linton used government planes "for our honeymoon or personal travel."
Gold spiked and USDJPY tumbled as headlines from Japan's Nikkei newspaper confirmed US military officials' observations last night that North Korea is said to show signs of missile launch preparation.
As we reported late last night, there was ample confusion after the end of Schumer and Pelosi's dinner with Donald Trump at the White House, when the top Democrats issued a statement according to which Trump had agreed to a deal on DACA in exchange to border security, but no wall, to wit: "We had a very productive meeting at the White House with the President. The discussion focused on DACA. We agreed to enshrine the protections of DACA into law quickly, and to work out a package of border security, excluding the wall, that's acceptable to both sides.
Former US President Jimmy Carter repeated his assertion that the US works more like an "oligarchy than a democracy," while also lambasting Trump's "hopeless" approach to the increasing tensions with North Korea.