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Previewing The September “Hurricane-Disrupted” Jobs Report

Tomorrow’s hurricane-affected September jobs report will be… confusing. That is the (lack of) consensus from Wall Street analysts, who expect an average print of 80,000 (down from the 3-month average of 185K), however with huge variance on either side, with 4 economists predicting a loss of jobs, three expecting a print higher than 150K and […]


Dallas Fed Surges Near 10-Year Highs Despite Every Respondent Complaining About Hurricane Damage

If ever there was a reason to completely dismiss the farce that 'soft' survey data is of any use at all, this is it. Having hovered around 17.0 for the last four months, The Dallas Fed Manufacturing Outlook survey spiked to 21.3 in September – just shy of its highest since 2010 – despite the […]


WTI/RBOB Tumble As Valero Says Refinery Startup Underway

RBOB is tumbling near $1.60 handle after headlines reported Valero saying that startup is underway at its Three Rivers refinery and its Corpus Christi refinery, both in Texas, according to a statement from co. spokeswoman Lillian Riojas. Blomberg reports that the company is working to ensure availability of critical transportation and logistics infrastructure to resume […]


Live Coverage: One Dead, Over 264,000 Without Power As Harvey Drenches Texas, Brings “Widespread Devastation”

Live CBS Coverage: Update 2: At least one death from hurricane Harvey was confirmed by local Texas officials. At a press conference Saturday, Rockport, Texas, officials said they knew of one death, but declined to give details. The officials said damage to the town was extensive, but about 40% of the city’s around 20,000 residents […]


Live Coverage: Over 200,000 Without Power As Hurricane Harvey Brings “Devastating Winds And Rain” To Texas

Live CBS Coverage: Hurricane Harvey settled over southeast Texas on Saturday morning, “devastating torrential rain” and lashing the state’s Gulf Coast with damaging winds over hundreds of miles of coastline that braced for what forecasters predicted would be life-threatening storm surges. “This is going to be a very major disaster,” Texas Gov. Greg Abbott said […]


Harvey Expected To Make Landfall As Category 3 Hurricane: All The Latest Updates

Hurricane Harvey, which until this morning a Tropical Storm, is now set to be the first hurricane to strike the Texas coast since 2008. According to the NHS, which issued a hurricane warning from Port Mansfield to Matagorda, TX including Corpus Christi, Harvey is “rapidly intensifying”, and is forecast to be a “major hurricane.” The […]


Harvey To Make Landfall As Cat 3 Hurricane, Bring 40 Inches Of Rain: Latest Updates

Hurricane Harvey, which until this morning a Tropical Storm, is now set to be the first hurricane to strike the Texas coast since 2008. According to the NHS, which issued a hurricane warning from Port Mansfield to Matagorda, TX including Corpus Christi, Harvey is “rapidly intensifying”, and is forecast to be a “major hurricane.” The […]


Hurricane Harvey Set To Wreak Havoc On Texas Crude Production And Refining Capacity

According to the latest warning from the National Hurricane Service (NHS), Harvey looks to be the first hurricane to strike the Texas coast since 2008.  According to NHS models, the storm is expected to gain hurricane-force winds by tomorrow afternoon and make landfall in Texas at 1AM on Saturday.  Of course, heavy flooding and storm […]