United States

"It is a sad day for Miami, the United States and the game of golf" is the way Donald Trump started his statement in response to the news that the PGA Tour has decided to move a long-standing golf tournament from Donald Trump's golf course in Miami, Florida.

The PGA Tour announced Wednesday that the event formerly known as the WGC-Cadillac Championship that was held at Trump National Doral will now be called the WGC-Mexico Championship, and will be held at a venue in Mexico City starting in 2017.

There are just two drivers setting the pace for today's risk mood: the OPEC meeting in Vienna which started a few hours ago, and the ECB's announcement as well as Mario Draghi's press statement due out just one hour from now. Both are expected to not reveal any major surprises, with OPEC almost certainly unable to implement a production freeze while the ECB is expected to remain on hold and provide some more details on its corporate bond buying program, although there is some modest risk of upside surprise in either case.

It is often said that immigrants “do the jobs that Americans won’t do.” While there are no major immigrant-dominated jobs in the U.S.—even about half of drywall installers are native-born—the claim does contain a kernel of truth. For over 50 years, a growing percentage of native-born American men have dropped out of the labor force altogether. For these men, every available job is a job they won’t do. Rather than focus on reversing the trend of idleness among native men, American politicians and business leaders have bandaged the problem with immigrant labor.

Last month, several Baghdad bombings attributed to ISIS killed more than a hundred civilians and wounded hundreds more. The attacks are a tragic reminder that Iraq is still a nation in turmoil. But they should also be a reason—more than 13 years after the decision to topple Saddam Hussein and undertake nation-building in Mesopotamia—to reevaluate U.S. policy in Iraq.

Chris Hayes interviewed John Kerry on Yemen earlier tonight. He mentioned the recent belated decision to block the transfer of cluster bombs to the Saudis, and pressed Kerry on why the U.S. was arming the Saudis. Kerry’s answer is notable for its repetition of a shamelessly pro-Saudi line: