United States

The New York Times digs into Clinton’s foreign policy hawkishness:

Her affinity for the armed forces is rooted in a lifelong belief that the calculated use of military power is vital to defending national interests, that American intervention does more good than harm and that the writ of the United States properly reaches, as Bush once put it, into “any dark corner of the world.” Unexpectedly, in the bombastic, testosterone-fueled presidential election of 2016, Hillary Clinton is the last true hawk left in the race [bold mine-DL].

Judge Charles Breyer has confirmed that Volkswagen's $10 billion-plus plan to resolve claims by the U.S. government and lawsuits by American car owners over its pollution-cheating debacle has been 'agreed in principle' by the Justice Department and various other US agencies. The plan covers at least 480,000 cars in the US and over 600 lawsuits offering consumers flexibility including buybacks and "substantial compensation."

As Obama concludes his fourth and supposedly final meeting to Saudi Arabia as U.S. president, the White House was quick to explain where relations with the Saudi Kingdom lay, and as CNN reported this morning, moved to tamp down suggestions that ties with Saudi Arabia are fraying, with administration officials saying that President Barack Obama "really cleared the air" with King Salman at a meeting Wednesday.

One day after stocks were this close from hitting new all time highs on what have been either ok earnings, if looking at non-GAAP data, or atrocious earnings, based on GAAP, and where any oil headline is now immediately translated as bullish by the oil algos, so far futures are relatively flat, while European stocks were at their moments ago in anticipation of the latest ECB announcement due out in just one hour.  However, unlike last month's "quad-bazooka", this time the market expects far less from Draghi.

US officials approved the first-ever marijuana patent on August 4, 2015 for a plant containing large amounts of THC – the main psychoactive ingredient in marijuana.  Patent No. 9095554, “relates to specialty cannabis plants, compositions and methods for making and using said cannabis plants and compositions derived thereof,” according to the document. Vice News reports: “There is a real need for cannabis varieties for potential medical use that produce modulated THC concentrations and varying concentrations of other pharmacologically active substances,” the patent says.