Wall Street Breakfast: Strength In The Defense Sector

Seeking Alpha's flagship daily business news summary, gives you a rapid overview of the day's key financial news. It is published before 7:00 AM ET every market day and delivered to over 900,000 email subscribers.

Buy stocks because you believe in the U.S., not a a Trump bumpa

During the 2016 presidential election campaign, a digital analytics firm reviewed 4.5 million tweets that expressed an opinion about Donald Trump and found that 200,000 included threats to leave the U.S. The top destination was Mexico, but 5,800 said they would move to Alaska and another 1,500 chose Hawaii. These people knew they didn't like Trump, but apparently did not know that Alaska and Hawaii are U.S. states.

Premarket: North Korea tensions push stocks down for third day

A man looks at replicas of a North Korean Scud-B missile, right, and South Korean missiles at the Korean War Memorial in Seoul on Aug. 10, 2017. Nuclear-armed North Korea mocked President Donald Trump as 'bereft of reason' on Aug. 10, raising the stakes in their stand-off.

What will the Wasde bring? Grains make small gains, for now

The, modestly, positive tone around in early deals was there at the close too, as traders proved reluctant to take values too far in any direction ahead of key data ahead. Thursday will bring a slew of ag commodity statistics, starting off with monthly data on Malaysian palm oil production and stocks, followed by the monthly briefing on Brazilian crops from Conab.

HSBC Converts Sterling Wave From Brits Spooked by Corbyn, Brexit

HSBC Holdings Plc isn't plastering Heathrow with its "world's local bank" tagline anymore, but a Brexit-battered pound and a political swing to the left have spurred internationally minded Brits to snap up its foreign-currency accounts. Demand for HSBC Currency Accounts, which let customers hold cash in foreign currencies in the U.K., spiked 23 percent in June from the previous month, spokesman Ankit Patel said.

PM markets: US weather outlook rains on grain bulls’ parade

Grain futures, having started the day with a roar, ended with a bit of a whimper as the US weather forecast turned more benign, curbing crop worries. Sure, the weaker dollar , which dropped below 95 against a basket of currencies for the first time in 10 months, offered a lingering tailwind to prices of dollar-denominated commodities, making them more affordable to foreign buyers.

Agriculture Stocks As A Value Play

Note: Following my recent debate on stock valuations , I thought this discussion about a foodstuffs, the CRB food index and other agricultural commodities was worth sharing. Enjoy After the announced Amazon-Whole Foods deal all we heard was about food deflation at the same time the CRB food index was breaking out to a one year high which I've pointed out a few times over the past few weeks.

Trump retains assets worth at least $1.4 billion, new disclosure shows

President Donald Trump retains control of assets that as of April 15 were worth at least $1.4 billion and had generated nearly $600 million in gross revenues in the previous 151/2 months, according to a new financial disclosure released Friday. The report, which the president voluntarily filed with the Office of Government Ethics, underscores the unprecedented financial interests Trump has brought with him to the Oval Office, an arrangement that has generated sharp criticism and spurred legal challenges.

Howell: Cotton skids to new lows as 2017-18 export prospects cut

Monthly supply-demand estimates showing a largely unexpected cut in U.S. 2017-18 exports and a buildup in world ending stocks outside China helped set the stage for a marketing week selloff in cotton futures. July lost 464 points for the week ended Thursday to close at 71.91 cents, its lowest close since Dec. 30. December shed 363 points to settle at 69.47 cents, its lowest finish since Dec. 28. The market lost ground across the board five sessions in a row.