Today's Headlines

Bloomberg:

• Saudi-Led Bloc Seeks Diplomatic Fix to Impasse With Qatar. Saudi Arabia and its allies want to resolve their standoff with Qatar through diplomacy and don’t seek regime change, U.A.E. Minister of State for Foreign Affairs Anwar Gargash said at a press conference in Dubai. “There is no intention for any sort of escalation,” Gargash said Saturday when asked about military intervention against Qatar if negotiations fail to end the impasse. “This is not about regime change, this is about behavioral change.”

• Hundreds Evacuated From London Towers as Fire Fallout Widens.

• Fed’s Long, Strange Inflation Trip Feels Like a 1960s Flashback.

• Health Stocks Surge, Shrugging Off Uncertainty in Washington. (video) There’s plenty of uncertainty about health policy in Washington, but on Wall Street, investors have a clear hunger for health stocks. After Republican Donald Trump’s presidential-election victory, the health-care sector trailed the pack as the wider market rallied. Heated campaign rhetoric from Trump and Democratic rival Hillary Clinton made investors wary that Washington would tamp down drug prices and take other steps to radically remake the health-care marketplace. Now, such fears are fading, and health stocks are making up for lost time. The Russell 2000 Health Care Index has gained 4.6 percent and the Standard & Poor’s Health Care Index has gained 2.2 percent since Tuesday. The jump means the sector has erased the performance gap with the broader market, according to data compiled by Bloomberg.

Wall Street Journal: 

• Heller Is Fifth GOP Senator Who Says He Won’t Vote for Health Bill in Current Form. Senate GOP leaders can afford to lose no more than two senators.

• Colleges Promise to Be Less Politically Correct. After protests shut down events hosting conservative speakers, schools reassess approach to free speech.

• Fed Officials Split on Inflation’s Path. The divide could influence the timing of the next interest-rate increase.

Barron's:

• Had bullish commentary on (BABA), (AIZ) and (NCR).

Fox News: 

• Trudeau: Trump does listen, NAFTA will remain. (video)

• Trump questions why Obama allegedly did 'nothing' about Russia hacking, in Fox interview. (video)

CNBC:

• Bitcoin speculators are the new day traders.

• Wal-Mart(WMT) not considering Whole Foods bid: Reuters. (video)

• DR Horton(DHI) to rally nearly 15% due to booming housing market, Credit Suisse says.

Zero Hedge:

• Bernie Sanders & Wife Under FBI Investigation For Bank Fraud.

• Angry Dems Turn On Obama, Pelosi, Schumer: "Talk Less About Russia".

• CIA Director Mike Pompeo: Trump's "An Avid Consumer" Of Intel, Will "Punish Leakers".

• Two Italian Zombie Banks Toppled Friday Night.

• US-China Agree On Need For "Complete, Irreversible" Korean Denuclearization.

• An Open Letter To The Fed's William Dudley.

• "They Can And Should Do More" Australian State Slams Banks With $280 Million Tax.

• Former Fed Governor: "The Fed Isn't As Independent As Many Think".

• Canary In The Coal Mine: Unfunded Liabilities Have Turned Illinois Into A "Banana Republic".

• CNN Deletes 'Fake News' Story About Russian Investment Ties To Trump.

• Exposing Our Lawless Central Bank.

• Brexit One Year On: Political Chaos, Pounded Currency, & Pressured Consumers. (graph)

• Weekend Reading: Oil Slick. (graph)

• Banks Battered, Biotechs Best As Yield Curve Crashes To 10-Year Lows. (graph)

Business Insider:

• There’s a surprising new champion of the stock market.

• 'I'm glad he got shot': Democratic Party official fired after obscene comments on Rep. Steve Scalise.

NY Times:

• A Street Fight Among Grocers to Deliver Your Milk, Eggs, Bananas. Delivering food requires military precision: Bananas can’t get cold. Produce can’t get warm. Eggs, of course, must not get broken. And people expect their food to arrive at specific times. Mr. Browne, 40, is a driver for the online grocery business Peapod. He plays the most important role in solving the biggest problem vexing the online grocery industry: moving food, undamaged and unspoiled, from the warehouse to the customer’s house. It’s known as the last-mile problem.