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Sori. Typo err...should read as....run till end Oct 2013.
It start on Friday Oct 18 which is in Chinese calender fell on 10月 14.
Still debt can possible run till end Oct 2023. While negotiating debt ceiling. The date may push.......
teeth53 ( Date: 16-Oct-2013 11:07) Posted:
Date line for U.S debt fall on Thursday Oct 17, to our trading system, it start on Friday Oct 18 which is in Chinese calender fell on 10月 14.
Still debt can possible run till end Oct 2023. While negotiating debt ceiling. The date may push further pass Oct 17...maybe some form of short term agreement on Fri/Sat. |
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Date line for U.S debt fall on Thursday Oct 17, to our trading system, it start on Friday Oct 18 which is in Chinese calender fell on 10月 14.
Still debt can possible run till end Oct 2023. While negotiating debt ceiling. The date may push further pass Oct 17...maybe some form of short term agreement on Fri/Sat.
Tonight dow green green green.... Huat la....
Myanmar-related stocks, or the M-Chips may be harder hit today after a series of explosion rocked Myanmar?s capital, Yangon, and two regions north and northeast of the city.
Fitch Ratings has placed the US? AAA credit grade on negative watch, citing the government?s failure to raise its borrowing limit raising the risk of a US default.
ASIA DAYBOOK: U.S. Debt Talks Stall, Japan Braces for Typhoon
2013-10-15 21:37:16.449 GMT
By Margo Towie and Steven McPherson
Oct. 16 (Bloomberg) -- Today: Australia leading index, NZ
CPI, Thailand monetary policy earnings from Keppel Land, Bajaj
Auto India, Sri Lanka, Bangladesh markets closed for a holiday.
WHAT TO WATCH:
* Rates on Oct. U.S. Treasury bills surged, stocks and dollar
dropped as attempts to end fiscal impasse put on hold Fitch
puts AAA rating on watch
* Japan braces for Typhoon Wipha, projected to become Tokyo?s
biggest storm in about 10 years
* Alibaba 2Q profit more than doubles
* Yahoo 3Q profit beats ests. on advertising gains
* Intel forecasts sales that may top some analysts? estimates
* Tata Consultancy 2Q profit beats ests. on growing
outsourcing orders note India closed for holiday
* SoftBank buys gamemaker Supercell for $1.5b in talks to
acquire Brightstar, Nikkei newspaper reports
* Cerberus said to be studying possible bid for BlackBerry
* U.K. to allow Chinese banks to set up branches for wholesale
banking
* SAFE may make more investments in European real estate
* Japanese stock investors may take profits before tax breaks
end, says Mitsubishi UFJ Morgan Stanley strategist
* Japanese Government Pension Investment Fund panel discusses
creation of baby funds
* Wumart to buy 36 stores in China from CP Lotus for HK$2.3b
as part of stock-swap agreement
* PCCW, I-Cable to get free-TV licenses from H.K. govt
* Macau gaming bureau says it has no plans to relax gaming
table limits, calling reports on matter ?rumors?
* China to cut overcapacity in industries including steel,
cement, electrolytic aluminum, flat glass, shipping
* China tightens regulation of imported baby formula
ECONOMY (Hong Kong time):
* 5:45am: New Zealand 3Q CPI Q/q est. 0.8% (prior 0.2%)
* 5:45am: New Zealand 3Q CPI Y/y est. 1.2% (prior 0.7%)
* 7am: S. Korea Sept. Unemployment rate SA est. 3.1% (prior
3.1%)
* 7:30am: Australia Aug. Westpac Leading Index M/m no est.
(prior 0.6%)
* 7:30am: New Zealand Bloomberg Oct. New Zealand Economic
Survey
* 8:00am: Australia Bloomberg Oct. Australia Economic Survey
* 12pm: Japan Sept. Tokyo Condominium Sales Y/y no est.
(prior 53.3%)
* TBA: Philippines Aug. Overseas Workers Remittances est.
$1910m (prior $1927m)
* TBA: Philippines Aug. Overseas Remittances Y/y est. 5.9%
(prior 6.6%)
CENTRAL BANKS (Hong Kong time):
* 3:30pm: Thailand BoT Benchmark Interest Rate all economists
in survey est. no change (prior 2.5%)
GOVERNMENT (Hong Kong time):
* EU?s Trade Commissioner De Gucht in South Korea
* Iran Nuclear negotiations meeting, Geneva
* U.K. Foreign Secretary Hague holds talks in Japan, visits S.
Korea
* Canadian Governor General Johnston Visits China, Mongolia
* H.K. legislature debates vote of no confidence in Chief
Executive Leung Chun-ying, 11 a.m.
EARNINGS (Hong Kong time, estimates where available):
* Ascendas Real Estate (AREIT SP) Q2
* China Overseas Grand Oceans (81 HK) Q3
* Bajaj Auto (BJAUT IN) 2Q net income adj. median est. 8.08b
rupees (39 analysts)
* Keppel Land (KPLD SP) Q3
IPO WATCH:
* China Rerun Chemical Group 255.8m shrs at 10p
* Khanh Hoa Water Supply and Sewerage to price 4.06m shrs at
10,000 dong
* Ngai Shun Holdings 100m shrs at HK$0.93
* Sealink Travel Group 15m shrs at A$1.10
CORPORATE EVENTS/CONFERENCES (Hong Kong time):
* Canada-China Business Council General Meeting, Beijing
* Tokyo Gas (9531 JP) at 8th Annual LNG Tech Global Summit,
Barcelona
* 2pm: Sony (6758 JT): Shigeki Ishizuka, SVP of co.?s digital
camera ops. to brief media on new products, Tokyo
* Analyst/Investor Events: Japan Retail Fund Investment (8953
JP), SinoPac Financial Holdings (2890 TT)
* AGMs/EGMs/Board Meetings:
* Fletcher Building (FBU NZ)
* CSL (CSL AU)
* Cochlear (COH AU)
* China CITIC Bank (998 HK)
* Haitong Securities (600837 CH)
STOCKS TO WATCH
* Greater China Highlights
* Chalco (2600 HK): To sell iron venture stake to parent
for ~$2.07b
* Gome (493 HK): 3Q net margin to surpass that of 2Q
Executive Director Ng Kin Wah dies
* PCCW (8 HK), I-Cable (1097 HK): To get free-TV licenses
* Wumart (1025 HK): To buy 36 stores in China from CP
Lotus (121 HK) for HK$2.3b
* India Highlights
* Markets closed for holiday
* Japan Highlights
* SoftBank (9984 JP): To pay $1.53b for game developer
Supercell in talks to acquire Brightstar in 100b yen
deal, Nikkei reports
* Yamada Denki (9831 JP): Cuts FY net forecast 66%
* South East Asia Highlights
* AirAsia X (AAX MK): Associate gets air operating license
in Thailand
* M1 (M1 SP): 3Q net profit +19% to S$39.5m
MARKETS:
* S& P 500 down 0.7% to 1,698.06
* Stoxx Europe 600 up 0.8% to 314.82
* U.S. 10-year yield up 4.1bps to 2.728%
* Brent futures down 1.3% to $109.55/bbl
* Gold futures up 0.3% to $1,280.10/oz
http://www.bloomberg.com/news/2013-10-15/republicans-revise-debt-cap-plan-while-u-s-senate-waits.html
The proposal was introduced as Senate Republican and Democratic leaders closed in on an agreement and the House Rules Committee scheduled a 5:40 p.m. meeting to set up a vote. The revised House plan would extend govt funding through Dec. 15, rather than Jan. 15, 2014, in the Senate plan.
U.S. AAA credit grade was placed on ratings watch negative by Fitch Ratings, which cited the government?s inability to raise the debt ceiling in a timely manner, according to a statement after markets closed in New York.
teeth53 ( Date: 16-Oct-2013 00:55) Posted:
http://www.cnbc.com/id/101087385
Reid lashed out at Hse Republicans on Tuesday, shortly after the collapse of a rival GOP proposal to keep the govt open and raise the debt ceiling, warning that the U.S. credit ratings could be downgraded as soon as Tuesday night.
Dow Jones reported that Fitch and Moody's credit rating services declined to comment on Reid's statement. Yields on one-, three- and six-month Treasury bonds spiked and stocks retreated.
Just For Politics stake. World biggest economy set for deep trouble
teeth53 thot - Both houses is hopeful?, hopeless? or hopefool?.
Have not show who in control, as nobody else does.
teeth53 ( Date: 16-Oct-2013 00:44) Posted:
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Reid: Rating agencies talking about downgrading U.S. tonight.
Mr President. Do not blame anyone else when many things start falling apart....Except.
Mr President famous word. " I will not negotiate" , all thk to his in action. |
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Senate leaders restart debt, budget talks
Dow futures + 90..
Reid, McConnell optimistic after House vote falls apart
WASHINGTON (MarketWatch) ? Senate leaders restarted talks on Tuesday night to reopen the government and lift the U.S. debt ceiling after House Republicans? plans to vote on their own proposal fell apart.
Getty Images
Spokesmen for Senate Majority Leader Harry Reid, a Nevada Democrat, and Minority Leader Mitch McConnell, a Kentucky Republican, said their talks had resumed.
?Senator Reid and Senator McConnell have re-engaged in negotiations and are optimistic that an agreement is within reach,? Reid spokesman Adam Jentleson said on Twitter.
McConnell spokesman Don Stewart offered a similarly worded statement, saying: ?Given tonight?s events, the [Senate] leaders have decided to work toward a solution that would reopen the government and prevent default. They are optimistic an agreement can be reached.?
The abrupt decision to cancel voting on the House plan was a clear sign Republicans didn?t have the votes to approve the bill, which would have opened the government through Dec. 15. The debt limit would have been extended to Feb. 7.
A plan discussed earlier by Reid and McConnell would have extended the debt limit for the same amount time, but would fund the government until Jan. 15.
The House?s rules committee postponed a meeting on the bill shortly after Heritage Action, a conservative group, said it opposed the bill because it didn?t stop ?Obamacare?s massive new entitlements.?
Adding to the drama in Washington, Fitch Ratings Service put the U.S. credit rating on negative watch. Reid had warned Tuesday morning that credit-rating agencies could downgrade U.S. debt ?as soon as tonight? without action to raise the debt limit.
Tuesday morning, House Speaker John Boehner told reporters that Republican leaders were ?working with our members on a way forward.? But by the end of the day, it became clear that deal-making was shifting back to the Senate.
scrambling to solve the twin impasses. The government shutdown is on Day 15, and the Treasury?s Thursday deadline for raising the borrowing limit is rapidly approaching.
?Extremist Republicans in the House are attempting to torpedo the Senate?s bipartisan progress,? Reid said on the Senate floor Tuesday. He said he was ?blind-sided? by the House proposal.
U.S. stocks dropped Tuesday, with the Dow Jones Industrial Average /quotes/zigman/627449 DJIA -0.87% ending 134 points in the red, as investors waited for a deal from Washington. (Read Market Snapshot.)
By Nick Taborek - Oct 16, 2013 4:49 AM GMT+0800
U.S. stocks dropped, following a four-day rally in the Standard & Poor?s 500 Index, as lawmakers failed to reach an agreement to extend the government?s borrowing limit less than two days before the deadline.
The S& P 500 fell 0.7 percent to 1,698.06 at 4 p.m. in New York. The Dow Jones Industrial Average declined 133.25 points, or 0.9 percent, to 15,168.01. About 6.2 billion shares changed hands on U.S. exchanges today, 6.3 percent above the three-month average.
?Everyone is somewhat over-caffeinated and a bit jittery in part because of politicians not doing their job,? Chad Morganlander, a Florham Park, New Jersey-based portfolio manager at Stifel Nicolaus & Co., which oversees about $130 billion of assets, said by phone. ?The markets are trading on every news clip and the uncertainty is increasing, which is having an unstabilizing effect in the markets.?
The benchmark index dropped as much as 0.8 percent after Senate Majority Leader Harry Reid rejected a House plan to halt the fiscal impasse and Senate leaders stopped talks on a bill that would fund the government through Jan. 15, 2014, and suspend the U.S. debt limit until Feb. 7. The Senate talks haven?t broken down, spokesmen for the chamber?s top leaders said.
Revised Plan
The House later revised its plan, which would extend government funding through Dec. 15, rather than Jan. 15, 2014, in the Senate plan, said Representative Devin Nunes of California, who had been meeting with leaders. A vote could come as soon as tonight.
The new House proposal would bar government subsidies of health insurance for congressional staff members, along with lawmakers and high-ranking administration officials, Nunes said. A two-year delay in the medical-device tax was dropped, he said.
The Congressional impasse has left the government partially shut down since Oct. 1 and could lead to the U.S. reaching on Oct. 17 the limit on federal borrowing.
The S& P 500 closed at the highest since Sept. 19 yesterday after a four-day rally gave it the biggest advance since January, as optimism grew that lawmakers would reach a deal to prevent a government default. The rally pushed the gauge to within 16 points of its Sept. 18 record of 1,725.52.
?Political Mess?
?If we can get through this political mess, then we can really start to focus on more fundamental things like earnings,? Thomas Garcia, head of equity trading at Santa Fe, New Mexico-based Thornburg Investment Management Inc., said in a phone interview. His firm manages more than $90 billion. ?The numbers that we are going to start to get for the last month, you might see a little bit of a slowdown from the government shutdown.?
A report today showed manufacturing in the New York region grew at a slower pace than projected in October as sales and hiring cooled. The government shutdown has delayed the publication of some closely watched economic data, including the Labor Department?s monthly jobs gauge.
World Markets
North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.50%, while the IPC led the S& P 500 lower. They fell 1.62% and 0.71% respectively.
North and South American Indexes
http://www.cnbc.com/id/101087385
Reid lashed out at Hse Republicans on Tuesday, shortly after the collapse of a rival GOP proposal to keep the govt open and raise the debt ceiling, warning that the U.S. credit ratings could be downgraded as soon as Tuesday night.
Dow Jones reported that Fitch and Moody's credit rating services declined to comment on Reid's statement. Yields on one-, three- and six-month
Treasury bonds spiked and
stocks retreated.
Just For Politics stake. World biggest economy set for deep trouble
teeth53 thot -
Both houses is hopeful?, hopeless? or hopefool?.
Have not show who in control, as nobody else does.
teeth53 ( Date: 16-Oct-2013 00:44) Posted:
|
Reid: Rating agencies talking about downgrading U.S. tonight.
Mr President. Do not blame anyone else when many things start falling apart....Except.
Mr President famous word. " I will not negotiate" , all thk to his in action. |
|
The day after tomorrow n the next morning. Mr President may find himself out of job too.
'
Cordial',
talks under way in Senate (for - shutdown??? - All Jokers)
teeth53 thot - Latest to avoid debt ceiling breakdown, Oct 18, n not on Oct 17.
Reid: Rating agencies talking about downgrading U.S. tonight.
Mr President. Do not blame anyone else when many things start falling apart....Except.
Mr President famous word. "
I will not negotiate" , all thk to his in action.
What China Really Thinks of the Shutdown
In the midst of a domestic crisis, it is easy to forget that the rest of the world is watching. Now that the U.S. federal government has shut down for the first time since the mid 1990s, the talk of the town is the political problems of the world?s largest economy and sole superpower. In China, most media reports about the shutdown have been merely informative, but every now and then they offer a rare insight into what the Chinese have learned about America?s shortcomings.
?As far as the Chinese populace is concerned, the government shutdown is like the Arabian Nights,? writes Wang Xuejing of Hong Kong Daily News. Evidently, for the citizens of a totalitarian state, the prospect of a government shutdown seems otherworldly. The newspaper Qilu Wanbao complains, ?To us, far on the other side of the ocean, the information appears contradictory. Some say Americans are furious [...] Some say [everyday] life remains unchanged. Have or haven?t Americans been affected by the federal shutdown??
The notion of a government shutdown is strange for the average Chinese person because its consequences in the People?s Republic would go far beyond closed federal agencies and parks. In mainland China, and increasingly Hong Kong, every school and every agency (national and local) answers to a party minder. Banking and internet traffic are also closely monitored by Beijing. Should the party overseers be absent one day, many organizations crucial to China?s social structure would suddenly find themselves without official guidance. The effects of such an abrupt and unfamiliar decentralization are impossible to predict.
Yet other commentators find the federal shutdown inspiring. Dr. Li Xiaohui, Assistant Professor of Law at Xiamen University writes, ?The life of the average American has not been greatly affected by it and the economy has continued to grow. This reflects the clear limits between America?s government and the market. Our country should likewise move forward and decouple the government from the economy.? Similarly, the newspaper Nanfang Dushi Bao commended the strength of American society for being able to function without the government. Interestingly, while the American public sees the shutdown as a government failure, some Chinese are seeing it as a sign of efficiency. The common belief that the Chinese words for ?opportunity? and ?crisis? are the same, though wildly untrue, seems applicable in this case.
While common Chinese citizens muse over the implications of a shutdown, China?s leadership has been giving the impression of merrily promenading through Southeast Asia, stealing the international spotlight. Taking advantage of Obama?s absence at the recent APEC and East Asia summits, President Xi Jinping visited Malaysia and Indonesia with a friendly demeanor that his predecessor would have likely avoided, greeting the Indonesian parliament in the local language and visibly travelling with his celebrity wife Peng Liyuan. In Brunei, on the other hand, Premier Li Keqiang stuck to the usual rhetoric of making progress on a code of conduct for the South China Sea disputes and indirectly urged the U.S. not to get involved.
But aside from bewilderment and contentment over the shutdown, there is also concern in China about the possibility of a future U.S. default. At a recent news conference in Beijing, China?s Vice Finance Minster Zhu Guangyao said that the U.S. must protect its creditors, stating, ?safeguarding the debt is of vital importance to the economy of the U.S. and the world [...] This is the United States? responsibility.? Dr. Li echoed the Minister?s message, ?The shutdown of the American government is a warning to our compatriots that we should optimize the allocation of our foreign exchange reserves.?
As the largest holder of U.S. debt, China unsurprisingly appears more concerned about American solvency than about the unfamiliar mechanics of a representative democracy. Despite this, China as a whole also appears to be learning a great deal from the shutdown, not only about the American political system, but also about itself and its future. As the shutdown enters its third week, it remains to be seen if America will learn something as well.
The Five Scenarios Of A Debt Ceiling Breach
As McKee notes, it seems a growing number expect us to cross the red line and for the " market" to save the day... i.e. we see a major market crash on the 18th which finally sparks DC to action
http://www.youtube.com/watch?v=_ibPqcHgGAw
http://money.cnn.com/data/premarket/?iid=C_MT_Index
The weekend came and went and lawmakers still haven't resolved the debt issue or the federal government shutdown. Investors weren't too pleased at first, but there are growing hopes that some progress will soon be made.
More
Dow ended -
Dow 15,301.26 points, up +64.15 pt or
+0.42%
Hong Kong added 0.68%, Sydney gained 0.89%, Seoul was 0.96% and Shanghai was flat.
Jakarta, KL, Manila and S'pore were closed for public holidays.
14 Oct 2013 - 9:10. Monday. US senators hint at possible fiscal deal on Tuesday
http://www.cnbc.com/id/101102553
Plan under discussion would promptly end a partial govt shutdown about to enter its 3rd wk. To raise debt ceiling, enough to cover the nation's borrowing needs at least through mid-Feb 2014, according to a source familiar with the negotiations.
Govt operations would be funded through the middle of January, keeping in place the across-the-board " sequester" spending cuts that took effect in March, though govt agencies would have more latitude to ease their impact. Also set up a new round of budget talks that would try to strike a bargain by year's end.
(Read more: Senate leaders closing in on a deal: Senate Democrat)
