Today's Headlines

Bloomberg:

• U.S. Harboring Gulen Is Destroying Turkey Ties, Premier Says. U.S. failure to extradite Fethullah Gulen, the Islamic cleric blamed by Turkish authorities for the failed military coup last month, is “destroying” Turkish-American relationships, Prime Minister Binali Yildirim said in a stern rebuke ahead of a visit by Vice President Joe Biden. “Nothing is the same after July 15,” Yildirim told journalists on Saturday in Istanbul. “America knows this, and we know they know it.” The premier described bilateral relations as “so-so.” Biden is scheduled to visit NATO ally Turkey on Aug. 24, a diplomatic move that follows Turkish officials’ repeated requests for extradition or deportation of Gulen, who lives in self-imposed exile in Pennsylvania. The visit aims to improve ties and also discuss developments in neighboring Syria, Yildirim said.
• Shale Drillers Party Like It’s 2014 as Oil Finds Bull Market. Shale drillers are adding the most oil rigs since crude was worth $100 a barrel as confidence that OPEC may finally agree to freeze output pushed futures into a bull market. U.S. producers have put 76 oil rigs back to work in eight weeks, the biggest and longest increases since 101 were added a couple months before the price crash started in mid-2014, Baker Hughes Inc. data released Friday show. The count rose by 10 this week, bringing the total oil rig count to 406.
• Rate Hike or No, Bank of America Calls Treasuries a Winning Bet.

Wall Street Journal:

• Why the Ayatollah Thinks He Won. The U.S. hoped that the nuclear deal would boost Iran’s moderates, but after more than a year, Supreme Leader Ali Khamenei and his allies seem to be the big winners.
• Hillary Clinton Super PAC Outpaces Donald Trump Groups in July. Filings show Republican’s allies’ efforts to raise money continue to fall far short of his Democratic rival.
• Now the Clintons Tell Us. The family foundation has done its job. Now they can pretend to honor ethical limits.

Barron's:

• Had bullish commentary on (CLR), (C), (FB), (WLL), (GLD), (BATRK) and (APC).

Fox News:

• At least 22 dead, 94 injured in Turkey wedding bombing. At least 22 people were killed and 94 others were injured Saturday when a bomb exploded at an outdoor wedding in southern Turkey, the provincial governor's office said. Gaziantep Province Gov. Ali Yerlikaya said the blast during the wedding in the city of Gaziantep, near the border with Syria, was a terror attack.

CNBC:

• Trump holdings have $650M in debt, double the amount he's revealed publicly.
• Hedge funds hate these 10 stocks: Goldman.
• One-third of US won't have a choice between Obamacare plans in 2017. 
• Watch out for valuations when buying dividend stocks, experts warn. (video)

Zero Hedge:

• Step Aside Trump: FBI Probes Firm Belonging To Brother Of Clinton Campaign Chair For Ukraine Corruption Ties.
• Irrational Exuberance Is Back... And Even The Fed Is Worried. (graph)
• Investor Complacency Is Smashing Records. (graph)
• President Obama Violated The Law With His Ransom Payment To Iran.
• Shocking Government Report Finds $6.5 Trillion In Taxpayer Funds "Unaccounted For".
• Losing Louisiana: Shocking Images Of Life After A 1000-Year Flood. (pic)
• "Seven Signs Of A Deeply Dysfunctional Market" - Why Citi Is Also Warning Of "Surprising, Sudden, Intense" Tail Risk.
• Cathay Pacific Crushed As Chinese Corporate Travel Collapses.
• "Markets Are Ripe For A Black Swan Event" - Why Most 'Well Hedged' Funds Won't Survive. 
• Socialism: The World's Greatest Generator Of Poverty.
• India "Plays It Safe", Names Urjit Patel To Replace Rajan As Central Bank Governor.
• This Is The Reason For The Sharp Rebound In Q3 Hedge Fund Performance. (graph)
• Students Fight Back Against Political Correctness - The Rise Of "Cultural Libertarianism".
• The Fear Economy: It Couldn't Possibly Happen Here But It Did.
• Federal Judge Protects Hillary From Sworn Email Server Deposition, Rules For Written Q&A Instead.
• Obama Will Visit Louisiana...But After Bill's Birthday Bash In Martha's Vineyard?
• Princeton University Kindly Requests You Stop Using "Gender-Binary" Hate Speech Like "Freshman".
• With Corporate Defaults Surpassing Last Year's Total, Even Citi Can't Believe What Is Going On. (graph)
• The Return Of The Obamacare Death Spiral.
• Vancouver Housing Market Implodes: Average Home Price Plunges 20% In 1 Month - "The Market Is Devastated". (graph)
• Putin Flies Into Crimea As Ukraine "Prepares For An Invasion".
• Weekend Reading: Valuationally Challenged.
• VIXtermination Saves Nasdaq's Longest Winning Streak In 6 Years. (graph)

Business Insider:

• Tesla(TSLA) is at risk of being steamrolled by the next big transformation in how we get around.
• Apple(AAPL) is losing its lead in smartphones.
• The oil rally isn't going to end well.
• These heartbreaking photos show how children bear the brunt of Syria’s bloody civil war.
• Central bankers are doing something that hasn't happened in 5,000 years — and drastically changing the world economy.
• Zika could make Puerto Rico's $70 billion debt crisis look like chump change. 
• Bond guru Gary Shilling thinks the bond rally is as strong as ever.
• One chart that is sure to give Wall Street nightmares.
• State and local governments aren't prepared for a recession.

Washington Post:

• More than half of Clinton Foundation’s major donors would be barred under new rule.