Get ready for the new week.
Senator Tim Scott, a Republican from South Carolina. Photographer: Alyssa Pointer/Bloomberg , Bloomberg
The big rain: California and the Southwest are girding for dangerous flooding as Hurricane Hilary churns north along Mexico’s Pacific coastline spreading heavy rain and treacherous tides. It’s the latest in a summer of record-breaking climate extremes, more evidence of the consequences of global warming.
The big debate: The first GOP presidential debate takes place on Wednesday in Milwaukee, though Donald Trump is apparently skipping it to instead sit for an interview with former Fox News host Tucker Carlson. That leaves Florida Governor Ron DeSantis the de facto punching bag as candidates with lower poll numbers look to break out of the pack. Watch who criticizes Trump and who doesn’t .
Two big elections: Ecuador will vote on Sunday amid its most violent election cycle in memory, after the assassination of presidential candidate Fernando Villavicencio. Security and stability are now a focus of the election, and investors are betting an unexpected rally in the country’s battered bonds isn’t finished. Guatemala will also vote for president on Sunday after an acrimonious campaign marred by prosecutor raids on the electoral authority and criticism from the US government.
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Gold Futures Move Towards Key $1900 Support into Jackson Hole(Kitco commentary) - After continued U.S. economic strength announced this week, the likelihood of another Fed rate hike by November moving closer to 50% has taken Gold Futures closer to key technical support at $1900.
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All Eyes on Fed Chief Powell in Jackson Hole: Eco Week AheadIt’s late August, which means we’re headed to Jackson Hole for the Kansas City Fed’s annual symposium, attended by top central bankers from around the world. And as usual, everyone is wondering in particular just what Fed Chair Jerome Powell — who’s expected to speak Friday morning — might have to say.
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All Eyes on Fed Chief Powell in Jackson Hole(Bloomberg) -- It’s late August, which means we’re headed to Jackson Hole for the Kansas City Fed’s annual symposium, attended by top central bankers from around the world. And as usual, everyone is wondering in particular just what Fed Chair Jerome Powell — who’s expected to speak Friday morning — might have to say.Most Read from BloombergUS Consumers Near Day of Reckoning as Pandemic Cash Stash ShrinksRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionMercedes-Benz Unveils the New
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Hurricane Hilary grows off Mexico and could reach California in rare occurrenceNo tropical storm has made landfall in Southern California since Sept. 25, 1939, according to the National Weather Service
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Hurricane Hilary grows off Mexico's Pacific coast, could reach California as tropical stormNo tropical storm has made landfall in Southern California since Sept. 25, 1939, according to the National Weather Service.
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Category 4 hurricane Hilary set to weaken before reaching California on SundayMEXICO CITY (Reuters) - Category 4 Hurricane Hilary was rushing toward Mexico's Baja California peninsula on Friday morning, threatening to bring ...
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