Today's Headlines

Bloomberg:

• U.S. Stocks Reach Another Milestone as S&P 500 Vaults Past 2,500. The S&P 500 Index powered past 2,500 for the first time, notching its third round-number milestone of the year as the bull market in U.S. equities rages on. The benchmark gained 0.2 percent to 2,500.23 Friday, capping its biggest weekly advance since January, as technology shares rebounded and banks climbed with Treasury yields. Up 12 percent since January, the S&P 500 is on course for its best annual gain in four years.

• U.K. Arrests Man in Train Attack as Threat Level Stays Critical. Police have arrested an 18-year-old man on the U.K. southeast coast in connection with the detonation of an improvised bomb on a London tube train that injured at least 29 people. The man was arrested in the port area of Dover, a major ferry hub for travel to France, on Saturday and is being held under a section of the U.K. Terrorism Act, the Metropolitan Police said in a statement. He is being held at a local police station then will be transferred to south London “in due course.”

• North Korea Says Missile Test Was Aimed at ‘Confirming Action Procedures of Actual War’. North Korea said it will complete its nuclear program in the face of heightened United Nations sanctions after the isolated nation on Friday fired a second intermediate-range ballistic missile that flew over Japan. Leader Kim Jong Un claimed his nuclear program is nearly complete despite a series of sanctions by the UN Security Council and his final goal is to build “the equilibrium of real force” with the U.S. and prevent military action against Pyongyang, the Korean Central News Agency said Saturday. Kim personally guided the launch of the latest Hwasong-12 missile, it said.

• ECB Bond Reinvestments Could Be Shock Absorber as QE Decelerates. As the European Central Bank prepares to slow its bond-buying program, policy makers are considering softening the blow by highlighting a related measure -- the reinvestment of maturing debt. An average of 15 billion euros ($18 billion) a month of assets held under quantitative easing will mature next year, according to euro-area central bank officials who said the figure was presented at the last Governing Council meeting. While the plan to reinvest that cash has long been a part of policy, the ECB is concerned that investors are under-appreciating its impact, three people said. A spokesman for the central bank declined to comment.

• More Than a Million Ford(F) Explorers May Face Recall Due to Fumes.

Wall Street Journal:

• Frustration With Republicans Drove Donald Trump to Deal With Democrats. Shift raises prospect of future collaborations; Nancy Pelosi says White House and GOP ‘don’t have the votes’. Months of mounting frustration with the lack of progress in the Republican-led Congress drove President Donald Trump to cut legislative deals with top Democrats, according to White House officials, raising the prospect of future collaborations on subjects from immigration to a tax overhaul to spending bills.

• Facebook(FB) Gave Special Counsel Robert Mueller More Details on Russian Ad Buys Than Congress. Social-media company shared copies of ads and account information, people familiar with the matter said.

• The Lattice Warning to China. The U.S. blocks the purchase of a firm with sensitive technology.

• Two Top Equifax Executives to Retire. The departures of the company’s chief information officer and chief security officer come in the wake of a massive data breach.

• What’s the Point of a Liberal Education? Don’t Ask the Ivy League. Few top colleges explain their purpose to students. They want to talk gender and inequality instead.

Barron's:

• Had bullish commentary on (RHT), (CAT), (ETFC), (ALGN), (AMG), (CFR) and (ADI).

• Had bearish commentary on (FDX).

Fox News:

• London subway attack: Armed officers searching home in suburb after blast. (video)

• Tough talk from Kim Jong Un, but expert says it may signal an 'opening'. (

CNBC:

• US should refrain from further North Korea threats, says China's ambassador to US.

• OPEC's second-biggest producer could possibly split in two — and start an oil war.

• Chances for significant tax cuts have 'risen sharply'. (video)

Zero Hedge:

• Another Coverup? Equifax(EFX) Accused Of Scrubbing That Its Chief Security Officer Was A Music Major.

• UK Terror Threat Level Raised To "Critical": Another Terrorist Attack May Be Imminent.

• "They've Lost The Plot" - 700 Catalan Mayors Defy Spanish Government Amid Police Raids. 

• North Korea Vows To Complete Nuke Program, Reach "Military Equilibrium" With The US.

• Protesters Storm St. Louis Mall Chanting "No Justice, No Profits" As U2 Cancels Concert.

• Deutsche Bank: "This Is The $2.5 Trillion Question".

• Even Bernie Sanders Thinks "Medicare For All" Would Bankrupt America.

• Is It Racist? Maryland Officials Dare To Dis-Allow Non-Citizens From Voting.

• "Dangerously Vague" - New US Law Blurs The Line Between Hate Speech And Hate Crime. 

• WSJ Reports That Trump Won't Withdraw From Paris Deal, White House Denies.

• Facing Imminent Bankruptcy, Toys "R" Us Enters Death Spiral.

• Nearly 60% Of Americans Support 'Military Action' Against North Korea.

• Apple's(AAPL) New "FaceID" Could Be A Powerful Mass Spying Tool.

• "I'm Done" - CNN Anchor 'Triggered' After Panelist Proclaims Love Of "First Amendment & Boobs". (video)

• 18-Year-Old Man Arrested Over London Subway Bombing.

• "Massive Protest" In St. Louis Over Ex-Cop's Acquittal Turns Violent, Tear Gas Deployed As 32 Arrested.

• Weekend Reading: They're Baaaccckkk!

• Quad Witch 'Pins' S&P At Exactly 2500 Despite Dismal Data, Nukes, & Terrorism. (graph)

Business Insider:

• Everything you need to know about the iPhone X. 

• Global debt is around 3 times the size of the world economy — and it shows no sign of slowing down.

• A 32-year old portfolio manager from Paul Tudor Jones' hedge fund is setting off on his own.

• The Trump administration is twisting itself into knots to try and explain why a DACA deal wouldn't be 'amnesty'.

• An investing legend who's nailed the bull market at every turn sees no end in sight for the 269% rally.

De Tijd:

• ECB's Praet Says 'Substantial Stimulus' Is Still Needed. "Underlying inflation remains too low. We have to be patient and persevere with our policy. A substantial stimulus is still necessary," ECB Executive Board member Peter Praet says in an interview.