Senate

One day after the biggest jump in stocks in two months on what has still been an undetermined catalyst, overnight global equities did a U-turn with European stocks falling toward a one-month low and U.S. stock index futures declining, as crude oil dropped toward $44 a barrel. A driver the move lower was a sharp reversal in the USDJPY which dropped 100 pips from yesterday's highs which took places just as Goldman predicted the USDJPY has finally bottomed, facilitated by a weaker dollar (also following a Goldman report yesterday forecasting the USD was about to surge).

Another day, another stunning reversal in Brazil's neverending Rousseff impeachment saga.

Just hours after Brazilian stocks and currency tumbled when the head of Brazil's lower house Waldir Maranhao said he would annul the soon to be former president's impeachment process, the drive to oust President Dilma Rousseff is once again back on track after Maranhao reversed a decision that had earlier threatened to throw the entire impeachment process into chaos.

Samuel Oakford reports on a welcome measure from the Senate:

Two US Senators introduced legislation on Wednesday that would halt future sales of aerial munitions to Saudi Arabia until President Obama verifies that the Saudi government is respecting international humanitarian law in waging war in Yemen, that it doesn’t support listed terrorist groups, and that it is pursuing all measures to eradicate al-Qaeda and the Islamic State group.

Authored by Pepe Escobar, originally posted at SputnikNews.com,

Imagine one of the most admired global political leaders in modern history taken from his apartment at 6 am by armed Brazilian Federal Police agents and forced into an unmarked car to the Sao Paulo airport to be interrogated for almost four hours in connection with a billion dollar corruption scandal involving the giant state oil company Petrobras.

The war between Obama and the Republican Party over Scalia's Supreme Court replacement just went nuclear.

One day after a 1992 video clip emerged of vice president Joe Biden emerged when the then-senator from Delaware said the Senate should not consider a Supreme Court nominee by president George H.W. Bush during an election year, this afternoon Senate Republicans went "all in" on a Supreme Court gamble, in which they vowed to deny holding confirmation hearings for any nominee from President Obama.