GOP, Democrats Agree: We Hate Wall Street (WSJ)
Democratic challenger Bernie Sanders has said “fraud is the business model of Wall Street,” while party front-runner Hillary Clinton has vowed to rein in risky financial activity. In the Republican Party, where financial firms typically can count on a friend, Sen. Marco Rubio has said big banks have been “bragging” that they are too big to fail and that he would repeal the law that grants that status. Ohio Gov. John Kasich has said Wall Street needs “a good ethics lesson...on a regular basis.” Sen. Ted Cruz has said he wouldn’t bail out “rich Wall Street banks.” Even former Florida Gov. Jeb Bush, who worked at Lehman Brothers and Barclays PLC, has said banks should be required to hold even more capital. The bashfest has put banks in a quandary: Do they defend themselves or sit it out?
Goldman Sachs Sees Governments Coming to ECB Rescue on Stimulus (Bloomberg)
As the ECB president goes all-in on monetary easing to nurture growth and inflation in the 19-nation currency bloc, governments are now heeding his call for more stimulative fiscal policies, according to Goldman Sachs Group Inc. Francesco Garzarelli, London-based co-head of fixed-income strategy at the bank, predicts the measures will boost gross domestic product by 0.4 percentage point this year.
AB InBev Said to Market Debt to Help Finance SABMiller Takeover (Bloomberg)
AB InBev is selling debt in as many as eight parts with maturities ranging between three and 30 years, according to a person familiar with the matter who asked not to be identified because they’re not authorized to speak publicly.
Trial Date Is Set for Six Accused of Rigging Benchmark Interest Rate (Dealbook)
Six current and former employees of Barclays and Deutsche Bank are to go on trial in September on criminal charges that they conspired to manipulate a global benchmark interest rate, a British court decided on Wednesday.
Cops: Woman Battered Fiancee Over Ring Regift (TSG)
Investigators allege that Inga Daftartiene, 43, battered Bengt Nyquist during a confrontation Friday night in the master bedroom of their Vero Beach home. As detailed in an arrest affidavit, Nyquist was lying in bed while Daftartiene was downstairs watching TV and drinking wine. At some point, Daftariene began “looking through old photos of Nyquist and noticed a picture of Nyquist and his ex-girlfriend,” cops noted. The photo apparently showed Nyquist’s ex wearing the same engagement ring that sat on a Daftartiene finger. Nyquist told cops that, “Inga stormed upstairs and began screaming" at him about the engagement ring. While Nyquist denied regifting the ring, Daftariene allegedly “grabbed a metal object that was attached to the bed” and “threw it at Nyquist’s head, striking him on the left side of the face.” Nyquist said that Daftartiene became angry when he called 911, and that she chased after him and sought to punch him in the face.
Take a deep breath and relax: BofA economist (CNBC)
Bank of America Merrill Lynch's Ethan Harris said that rather than fret over uncertainty in China, investors should look at the market for what it really is: overdone. "I think that the market is overwhelmed with too many blindside hits," Harris said Tuesday. "You had geopolitical concerns around the Middle East and North Korea, you had weakness in the equity market and currency market in China, you had a little bit of soft data, and if you put it all together it was just a little bit too much for the equity market."
Icahn says he does not have any position in Time Warner (Reuters)
Billionaire activist investor Carl Icahn said on Tuesday he did not own any stake in media company Time Warner Inc. "I have no position in Time Warner. No options, no forwards, no stock," Icahn said when reached by phone. Reuters and the New York Post reported on Monday, citing anonymous sources, that Icahn was building an equity stake in Time Warner.
Computer Mogul Michael Dell Stands to Reap Billions From FCC Auction (WSJ)
In more than a dozen deals since 2011, a company controlled by Mr. Dell’s investment fund has spent about $80 million on independent TV stations, according to government records...Those stations collectively broadcast over airwaves that could be valued at as much as $4.2 billion, based on prices recently set by the Federal Communications Commission. The agency is gearing up to run an auction to buy those airwaves, so they can be resold to wireless operators like AT&T Inc. later this year.
Who robs a monk buying lottery tickets? (HP)
A Philadelphia man is accused of robbing a Buddhist monk as he purchased lottery tickets from a gas station. Security footage shows the 61-year-old victim -- dressed in orange robes -- at a lottery machine on Jan. 3 when he is ambushed by the suspect. Police said that the suspect grabbed about $350 in cash from the monk's hands. The victim chases the suspect out of the Sunoco station in South Philly and into the parking lot. A struggle between the monk and suspect ensued.