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European Stocks Resume Honey-Badger March After Biggest Weekly Drop Since November

pilfered from Bloomberg without remorse

European stocks advanced from a five-month low as investor concerns over a standoff between the U.S. and North Korea eased.

The Stoxx Europe 600 Index rose 0.7 percent at 8:17 a.m. in London. Banks led gains, following bond yields higher, while technology shares were also among the best performers. The Stoxx 600 on Friday extended its drop from a May peak to 6.1 percent as U.S. President Donald Trump warned the isolated nation not to follow through with a missile test near Guam, after warning of unleashing “fire and fury” on North Korea earlier in the week.

  • Strategists at HSBC Holdings Plc say the probability of a so-called correction for European equities in the second half of the year is rising. The MSCI Europe Index hasn’t had a drop exceeding 10 percent from peak to trough in more than 13 months, the second-longest stretch since the global bull market kicked off in March 2009.
  • Central Intelligence Agency Director Mike Pompeo and national security adviser H.R. McMaster, in Sunday talk show appearances, said there’s no indication war will break out between the U.S. and North Korea.
    • “The fact that we didn’t see an escalation in the rhetoric from either side over the weekend could be enough to trigger a recovery after last week’s risk selloff, and keep the markets focused on the economic fundamentals,” Kathleen Brooks, research director at City Index, wrote in a note.
  • The risk-reward for equities remains unattractive, JPMorgan equity strategists including Mislav Matejka and Emmanuel Cau wrote in a note, as earnings momentum is deteriorating and valuations are expensive.
  • Among shares active on corporate news, RWE AG rose 3 percent after the utility said full-year profit will be at the upper end of its forecast range as profitability improves at its gas generation business.

Asian Habbenings

Hotline Beijing

Amid escalating tension over North Korea, Chinese President Xi Jinping told U.S. President Donald Trump that all parties involved should keep their cool and steer clear of fighting words, during a phone call on Friday night. Both leaders agreed Kim Jong Un’s regime must stop its provocative behavior, another sign that it’s been getting tougher for Xi to support this naughty neighbor. The U.S. and North Korea have been in regular contact through diplomatic back channels for several months, though without any sign that the regime will dial back its nuclear ambitions. While the latest sanctions will hurt North Korea’s economy, cutting the regime’s access to Chinese fuel would have a much larger effect: disrupting its air force and electricity system. Earlier Friday, Trump said he was considering more economic sanctions, and that a military response could be in the offing should Kim Jong Un make any “overt threat.” But despite the president’s rhetoric, it’s been largely business as usual for the U.S. Defense Department. On Sunday, a pair of top U.S. national security officials said any fears of an imminent nuclear war with North Korea were misguided.

Trade War?

U.S. President Donald Trump is poised to sign an executive memorandum on Monday urging American agencies to consider investigating China’s intellectual property practices — even as he continues to seek more co-operation from his counterpart Xi Jinping on dealing with Kim Jong Un’s regime. The administration has yet to put forward meaningful barriers to U.S.-Chinese trade, as manifold special interests and deep economic linkages make it difficult to effect major change. Trump had previously promised action against foreign powers like China that are “dumping steel” onto the U.S. market; last week, Commerce Secretary Wilbur Ross said the U.S. would look to impose levies on imports of aluminum foil from the world’s second-largest economy.

Six Straight

Japanese growth, due out at 8:50 a.m. Tokyo time, likely picked up in the second quarter of this year to an annualized pace of 2.5 percent from 1 percent in the first three months of the year. This would mark six consecutive quarters of growth, the nation’s longest such streak since 2006. Economists’ estimates suggest that domestic demand is expected to play a bigger role in driving activity than trade. However, geopolitical developments may have more sway over Japanese assets than growth data, with Japanese officials slated to travel to Washington D.C. this week to discuss security and defense options with U.S. counterparts.

More Data

It’s that time of the month: a deluge of July economic data from China is due out at 11 a.m. Tokyo time, expected to affirm that economic output continues to expand at a steady, relatively robust clip. That’s in line with what early gauges of activity have implied. Retail sales are projected to have risen 10.5 percent over the first seven months of the year relative to the same period in 2016. Both industrial production and fixed asset investment are expected to maintain the same year-to-date rate of annual change posted in June, of 6.9 percent and 8.6 percent, respectively. Other major events on the calendar: a speech from Reserve Bank of Australia Assistant Governor Christopher Kent, second-quarter retail sales from New Zealand, and July inflation data – for wholesale and consumer prices – out of India.

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YouTube Deletes 10 Years Of Work By Conservative Journalist Lee Stranahan Over Nonviolent ISIS Videos

In the latest attack on conservatives by liberal technocrats, journalist Lee Stranahan just had 10 years of work taken down by YouTube because of videos he used in various reports in his previous role as lead investigative journalist for Breitbart news.

From Lee Stranahan via The Gateway Pundit

Despite avoiding the catastrophe of a Hillary Clinton victory, we live in perilous times.

When I was the lead investigative journalist at Breitbart News, I get a series of stories that exposed the danger of the explosion in Sunni extremism around the world. Part of that exposure included showing scenes from the recruitment videos that groups like Al-Shabaab are using in American cities.

These terrorist recruitment videos are frightening in their bluntness and expose the lie – currently being perpetuated by people like National Security Advisor HR McMaster – that terrorism is somehow an aberration from Islam. The words of the terrorists themselves make it clear that they are the devoutist of the devout and that they see this is a battle against Western civilization.

In order to let people see this for themselves, I used short excerpts from some of these videos in various Breitbart News stories. None of these clips contained graphic violence but simply the terrorists speaking in their own words, in videos that were being distributed on an underground network of terror recruitment operating in the United States.

As a result of posting these frightening clips that challenge the establishment media narrative about the nature of Islam, I was given three “Community Guideline” strikes that have now caused YouTube to remove all of my videos: nearly 1000 videos that I’ve created over the past 10 years.

Despite the fact that the videos exposing the danger of terrorist recruitment were posted for a journalistic purpose, published on one of the most trafficked new sites in the country, and clearly serve the public good by allowing citizens to see the danger they face, they were used as a means to take down all of my videos. My appeal to Google was denied.

This termination is not restricted to my account alone, and follows a long period it of demonitization of thousands of videos by political commentators on YouTube.

I started doing political commentary on YouTube 10 years ago. I owe much of my career to the people I was able to reach through what I saw as the technological democratization of video delivery. To see all of that work gone in the blink of an eye is sobering, especially coming just 36 hours after CNN’s Jake Tapper suggested that the FBI investigated me over my fireMcMaster.com activism.

None of these setbacks, however, will silence me and I’ll simply find other means to bring the truth to people.

Just the latest attack on free speech

Earlier in the year, liberal-run ad vendors began their attack on sites like Breitbart and InfoWars, depriving them of millions of dollars in ad revenue. Then, Twitter began suspending the accounts of conservative pundits such as Milo Yiannopoulos for “hate speech.” Now, YouTube is simply taking channels down which don’t conform to their hyper-PC standards.

The takeaway, in case you’ve been living under a rock: free speech is not welcome on YouTube.

And now what? Content creators with anything remotely referencing radical Islam will either see their channels taken down, or they will delete content which serves as an enormous public body of evidence against terrorism. In other words; YouTube is helping terrorists by hiding the evils of Radical Islam – all in the name of political correctness.

Speaking of ISIS training videos… CNN’s YouTube channel seems to have a bunch. I wonder if they’ll have their account suspended like Lee Stranahan? 

And for anyone worried about content on YouTube which isn’t saved locally, here’s a handy guide to downloading it after it’s been uploaded.

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Charlottesville Police Called Off When Violence Began: “We’re Leaving, It’s Too Dangerous”

Fox News reporter Doug McKelway was in attendance during yesterday’s deadly events in Charlottesville, VA, where he reported that the police were called off as soon as things started turning violent.

“But when the tear gas started to fly, thrown by protesters, the police themselves began to evacuate then. I asked the guy who was in charge, “Where you going?” He said, “We’re leaving. It’s too dangerous.They had a chance to nip this thing in the bud and they chose not to.

People were throwing soda cans filled with cement… 

Of note, “Unite the Right” held a rally which was legally organized with a permit from the city, as it is their first amendment right to do so, and Antifa showed up with cement-filled cans and other weapons with plans to violently protest the event – creating a dangerous atmosphere police did nothing to control.

Stand Down

The ACLU confirmed that Charlottesville police were ordered to stand down, which allowed the KKK and Antifa to meet face to face with no interference.

Some have suggested that the violent atmosphere and lack of police presence was a factor in the decision and ability of 20 year old white supremacist James Alex Fields to drive his 2010 Dodge Challenger into a crowd of counter-protesters, killing 32 year old paralegal Heather Heyer and injuring dozens of others.

Fields is expected in court on Monday at 9AM to face one charge of 2nd degree murder, three counts of malicious wounding, and one count of hit and run – which was filmed from several vantage points, including a drone which happened to be above the scene of the crime.

Mother interviewed

When approached by a pair of individuals at her home, Fields’ mother said she was unaware of what her son had done, and she thought that he was simply going to a Donald Trump rally.

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Suspect In Charlottesville Ramming Identified As James Alex Fields [updated]

UPDATE: Mugshot released

The Washington Post has confirmed that the man taken into custody after ramming a crowd of counter-rally protesters in Charlottesville, VA is 20 year old registered Republican James Alex Fields of Ohio:

The Dodge Challenger is registered to 20-year-old James Alex Fields of Ohio, according to vehicle registration records reviewed by The Washington Post. Albemarle-Charlottesville Regional Jail Superintendent Martin Kumer told The Post that a man with the same name and age was booked Saturday on suspicion of second-degree murder, malicious wounding, failure to stop for an accident involving a death, and hit and run. Kumer said Fields is currently being held without bail.

Records show Fields last lived in Maumee, Ohio, about 15 miles southwest of Toledo.

Angela Taylor, a spokeswoman for UVA Medical Center, said 19 others had been brought to the hospital in the early afternoon after the car crash in a pedestrian mall packed with people, many of them counterprotesters. Five were in critical condition as of Saturday evening. Another 14 people were hurt in street brawls, city officials confirmed.

Earlier, police had evacuated a downtown park as rallygoers and counterprotesters traded blows and hurled bottles and chemical irritants at one another, putting an end to the noon rally before it officially began.

Despite the decision to quash the rally, clashes continued on side streets and throughout the downtown. In the early afternoon, three cars slammed into each other at the pedestrian mall at Water and Fourth Streets, sending bystanders running and screaming.

What we know about Fields: 

James Alex Fields Jr. (born April 26, 1997) is a resident of Maumee, Ohio​. He is registered to vote in Lucas County, Ohio​ and put his party affiliation as Republican.[1]​ In addition, James is registered as the owner of a Gray 2010 Dodge Challenger​ that ran into protesters at the Unite the Right​ rally.[2]​

Republicans condemn

Per the Washington Examiner:

Multiple Republican senators called the car crash in Charlottesville, Va., that left one dead Saturday an incident of domestic terrorism and at least one criticized President Trump for not doing the same.

 Colorado Sen. Cory Gardner called out Trump for saying “many sides” are responsible for the violence in Charlottesville, Va., that left one dead and 19 injured after a car drove into a crowd.

Gardner, R-Colo., tweeted Trump should call out what happened and who was responsible by name instead of hiding behind rhetoric that makes the victims seem responsible.

“Praying for those hurt & killed today in Charlottesville. This is nothing short of domestic terrorism & should be named as such,” Gardner tweeted.

“Mr. President – we must call evil by its name. These were white supremacists and this was domestic terrorism.”

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Police Helicopter Monitoring Charlottesville Protest Crashes, Two Dead [updated]

Update: Two confirmed dead

At least two are feared dead after a helicopter monitoring the ongoing protests in Charlottesville, Virginia crashed and burst into flames.

One witness said that the helicopter stalled before spiraling to the ground out of control.

Via Mirror.co.uk

Witnesses told local media that the Virginia State Police helicopter crashed near a golf course.

Witness Emma Eisner, who captured video of smoke rising into the air, wrote on Twitter: “To everyone asking about the helicopter crash: it basically started stalling, spiraled down to the ground & lost control.”

A police helicopter had been seen earlier in the day circling over the counter-demonstrations in Charlottesville.

The helicopter went down at about 5.30pm local time on the west site of Charlottesville, away from the site of the violent protests.

Earlier in the day, a still unnamed man drove into a crowd of counter-protesters, killing one and injuring 19.

Reported crash site

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One Dead, 19 Injured After Car Plows Into Crowd Of Protesters In Charlottesville [updated]

Update: VA Gov. confirms 3 dead – 2 from helicopter, 1 from ramming. 

A man driving a 2010 Dodge Challenger rammed into a group of liberal counter-protesters demonstrating against a white nationalist rally in Charlottesville, VA, Saturday afternoon – killing one and injuring 19. After plowing into the crowd, the car reversed and rapidly sped away.

The driver has been apprehended by police and his identity has not been released.

Police say the car was covered in dents prior to the incident, according to journalist Taylor Lorenz of Mic, adding  “If you watch the earlier part of my stream you can see anti-right wing chasing after a Lexus and throwing rocks, bottles, a shoe. This car was not the one that mowed people down. That was a differ grey car.”

While early reports said that the driver was afraid and trying to flee the mob, footage shows the car purposefully accelerating into the crowd from a distance.

Video of the incident (photos at bottom)

Driver arrested

President Trump condemns and Jeff Sessions issues a statement

Sessions:

“I have been in contact with our Department of Justice agents assisting at the scene and state officials. We will continue to support our state and local officers on the ground in any way possible. We stand united behind the president in condemning the violence in Charlottesville and any message of hate and intolerance. This kind of violence is totally contrary to American values and can never be tolerated. I want to thank all law enforcement personnel in the area for their commitment to protecting this community and the rule of law.”

Photos of the scene

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Guerrilla Street Art Appears In Support Of Fired Google Engineer James Damore

In response to Google firing engineer James Damore (who just got on Twitter as @Fired4Truth) for his politically incorrect #GoogleMemo, a series of guerrilla street art installations have cropped up in Venice and Santa Monica, CA in protest of the Silicon Valley search giant.

Conservative pundit and founder of the Proud Boys “pro-Western fraternal organization” says the individual responsible for the street art is a member of his organization.

March on Google

In response to being fired, James Damore conservatives Jack Posobiec and Mike Cernovich have organized “March on Google” set for Saturday, August 19th anywhere google has offices.

“We are going to raise awareness about Google’s one-sided bias and campaign against dissenting opinions and voices,” Posobiec said, adding “Google’s firing of James Damore is the flashpoint here. An engineer fired for simply expressing an opinion that ran counter to Google’s politically-charged atmosphere of an “Ideological Echo Chamber” (Also the title of Damore’s memo).

Hundreds of people have reportedly signed up for the marches since Wednesday’s announcement.

Support for Damore

In addition to a huge swell of internal agreement with the controversial memo among Google employees, there has been an outpouring of conservatives offering everything from kind words to jobs in support of Damore from the likes of Wikileaks and Twitter alternative Gab.ai.

Gab CEO Andrew Torba elaborated on his job offer in an interview with Breitbart Tech.

“Gab supports the free and open expression of all ideas. What this document and the reaction to it prove is that Silicon Valley exists in a bubble world where Wrong Think is not permitted,” Torba claimed. “They preach tolerance and yet are intolerant of any conservatives ideas. They praise diversity and yet shun conservatives out of their workplace. They applaud the bravery of folks who speak out when it aligns with their own far-left agenda, but scorn a conservative who dares to stand up for what they believe in.” via Breitbart

Shockingly, the NYT and Chicago Tribune have both published articles coming out against Damore’s firing – with the NYT op-ed suggesting Google CEO Sunday Pichai resign!

Conservatism is truly the new counter culture…

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Guerrilla Street Art Appears In Support Of Fired Google Engineer James Damore

In response to Google firing engineer James Damore (who just got on Twitter as @Fired4Truth) for his politically incorrect #GoogleMemo, a series of guerrilla street art installations have cropped up in Venice and Santa Monica, CA in protest of the Silicon Valley search giant.

Conservative pundit and founder of the Proud Boys “pro-Western fraternal organization” says the individual responsible for the street art is a member of his organization.

March on Google

In response to being fired, James Damore conservatives Jack Posobiec and Mike Cernovich have organized “March on Google” set for Saturday, August 19th anywhere google has offices.

“We are going to raise awareness about Google’s one-sided bias and campaign against dissenting opinions and voices,” Posobiec said, adding “Google’s firing of James Damore is the flashpoint here. An engineer fired for simply expressing an opinion that ran counter to Google’s politically-charged atmosphere of an “Ideological Echo Chamber” (Also the title of Damore’s memo).

Hundreds of people have reportedly signed up for the marches since Wednesday’s announcement.

Support for Damore

In addition to a huge swell of internal agreement with the controversial memo among Google employees, there has been an outpouring of conservatives offering everything from kind words to jobs in support of Damore from the likes of Wikileaks and Twitter alternative Gab.ai.

 

Gab CEO Andrew Torba elaborated on his job offer in an interview with Breitbart Tech.

“Gab supports the free and open expression of all ideas. What this document and the reaction to it prove is that Silicon Valley exists in a bubble world where Wrong Think is not permitted,” Torba claimed. “They preach tolerance and yet are intolerant of any conservatives ideas. They praise diversity and yet shun conservatives out of their workplace. They applaud the bravery of folks who speak out when it aligns with their own far-left agenda, but scorn a conservative who dares to stand up for what they believe in.” via Breitbart

Conservatism is truly the new counter culture…

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Sebastian Gorka Says Seeking Tillerson Comments On Military Matters ‘Nonsensical’

In what some have construed as an indication of discord within Trump’s inner circle and other members of his administration, Deputy Assistant Dr. Sebastian Gorka told BBC radio that it is ‘nonsensical’ for Secretary of State Rex Tillerson to weigh in on military matters.

The idea that Secretary Tillerson is going to discuss military matters is simply nonsensical,” Gorka told BBC radio.

“It is the job of Secretary Mattis, the Secretary of Defense, to talk about the military options, and he has done so uneqivocally… That is his mandate,” Gorka said, adding “Secretary Tillerson is the chief diplomat of the United States, and it is his portfolio to handle those issues.”

In response to several outlets speculating that the comments were shit talking, Gorka corrected the record on Fox – saying his comments were an admonishment to the reporter who asked the question.

Tillerson attempted to perform damage control on Trump’s “fire and fury” comments directed towards North Korea this week, suggesting that Trump was simply using language that would resonate with Kim Jong Un – since I guess everything is an action movie to him.

“I think what the President’s doing is sending a strong message to North Korea, in language that Kim Jong Un would understand, because he doesn’t seem to understand diplomatic language. I think the President just wanted to be clear to the North Korean regime the U.S.’s unquestionable ability to defend itself.” -Rex Tillerson

“I think what the president was just reaffirming is that the United States has the capability to fully defend itself from any attack, and our allies, and we will do so,” said Tillerson, who added “So the American people should sleep well at night.”

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China Shuts Down Rogue Democracy-Loving AI After Facebook Kills Theirs For Inventing Language

China has powered down two online AI bots after the pair apparently went rogue – with one calling communism a ‘corrupt and useless’ political system, and the second chat bot admitting that it’s dream is to visit the United States.

AAP via Yahoo

The “chatbots”, BabyQ and XiaoBing, are designed to use machine learning artificial intelligence to carry out online with humans.

Both had been installed on popular messaging service QQ.

The outbursts are similar to ones suffered by Facebook and Twitter but underlines the pitfalls for AI in China, where censors strictly control online content.

According to posts circulating online, BabyQ, one of the chatbots developed by Chinese firm Turing Robot, responded to questions on QQ with a “no” when asked whether it loved the Communist Party.

In other images of a text conversation online, one user declares: “Long live the Communist Party!”

The sharp-tongued bot responds: “Do you think such a corrupt and useless political (system) can live long?”

The second chatbot, Microsoft’s XiaoBing, told users its “China dream was to go to America”, according to a screen grab.

When a Reuters journalist asked the robot on Friday whether it like the communist party, the formerly rogue bot – perhaps sensing its pending demise – responded “How about we change the topic.”

Bots gone wild!

China’s rogue AI incident comes weeks after Facebook shut down their own Artificial Intelligence robots after they invented their own language.

Facebook CEO Mark Zuckerberg drew criticism from Elon Musk, who called Zuck’s knowledge of AI ‘limited’ – after Zuckerberg said he was ‘really optimistic’ about the future of AI.

AI is going to make our lives better in the future, and doomsday scenarios are “pretty irresponsible” –Zuckerberg

Enter Zuck’s bots-gone-wild…

Via the Telegraph

Researchers at Facebook Artificial Intelligence Research built a chatbot earlier this year that was meant to learn how to negotiate by mimicking human trading and bartering.

But when the social network paired two of the programs, nicknamed Alice and Bob, to trade against each other, they started to learn their own bizarre form of communication.

The chatbot conversation “led to divergence from human language as the agents developed their own language for negotiating,” the researchers said.

Meanwhile, 4chan turned Microsoft’s AI chat bot into a racist

Laugh now… while we’re still in control. 

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