Trump: Things are happening that I cant talk about
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News Date: August 14, 2020
HUGE breakthrough in Trumps 17 minute remarks Announcing the Normalization of Relations Between Israel and the United Arab Emirates, exactly at min 3:17:
Trump: Things are happening that I can't talk about, but they're extremely positive...
Sources:www.youtube.com, www.whitehouse.gov
PayPal, Venmo to Roll Out Crypto Buying and Selling
Fintech giant PayPal plans to roll out direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter.Currently, PayPal can be used as an alternative means for withdrawing funds from exchanges such as Coinbase, but this would be a first in terms of offering direct sales of crypto.
Source:coindesk.com
US Jobs Data could Trouble the Market
Goldman: The Market's Reaction To The Jobs Report Means Brace For A Stubborn Grind Higher In September.Unusually large U.S. jobs number stokes case for 'unusually large' rate hike.
Friday's 'Great' Jobs Number Could Spell Trouble For The Market.
'Great' US Jobs Data Make Case for Bigger Fed Rate Increases.
Bond markets complicate Fed decision after jobs report.
There is a probability of a 0.75% move in September, a noticeable change from the 0.50% move markets were pricing prior to Friday's jobs report.
Sources: substack, finance.yahoo
Saudi Arabia Open to Talks on Trade in Currencies Besides Dollar
Saudi Arabia, the world's largest crude oil exporter, is open to discussing oil trade settlements in currencies other than the U.S. dollar, Saudi Minister of Finance, Mohammed Al-Jadaan, told Bloomberg TV in an interview in Davos on Tuesday.Source: bloomberg
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The FED announces a new upgraded system
The Federal Reserve Board announced that it will replace its current bank application filing system with a new and upgraded system later this month.The substantive requirements of applications will remain the same with the new system making the filing process more intuitive and minimizing paper applications and communications.
Sources: federalreserve.gov


