The Traderszone Network

Starting tomorrow, California’s State Water Resources Control Board will begin hosting months of public hearings on whether or not to proceed with Jerry Brown’s controversial “California WaterFix” project, or the “Delta Tunnels” as it is more commonly known.  The project has been heavily criticized as yet another Brown-sponsored public works boondoggle with total price tag estimates ranging to over $65BN.

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Sen. Al Franken returned to his comedy roots at the Democratic National Convention.

Image source: Gilead Sciences, Inc.

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The dollar slipped ahead of the Fed’s policy meeting that begins on Tuesday, while the yen gained on hopes that the BOJ will ease later this week.

In the 90’s, Yahoo was a dominant technology powerhouse. But since then, a series of missteps have led to diminished influence and value. Now the company is being bought by Verizon (without Alibaba) for a mere $4.8 billion.

Once again the ‘fake’ FX stability of pre-geopolitical-events has ben shattered now that the G-20 meetings ended with their usual un-fanfare of nothingness (and rising discord). After exuberant status-quo-supporting weakness in the Yen and stability in the Yuan (against the dollar), that’s all coming unglued rapidly in the last 36 hours as USDJPY tests back to a 104 handle and Yuan resumes its weakening trend…

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If Russia is found to be behind the DNC hack and subsequent leaks of information, a red line has been crossed, said security experts.