Military Coup in Turkey

Politics

LIVE FEEDS:

TURKEY 161 COUP SUPPORTERS KILLED SO FAR

FRANCE: ACCOMPLICES BEING ARRESTED IN NICE ATTACK

TRUMP MAKES IT OFFICIAL

Countercoup Begins. Erdogan says US harbors leader- France lorry terror attack info comes out

GOOD MORNING: Soren K. reporting: Counter-Coup is going on. As traders, we saw a trend counter to the data of successful coups. As we alluded last night. there was something wrong about this coup. We do not doubt its veractiy yet. But this is our take this morning on its seeming failure.

Our Assessment last night

air dominance was never taken
It took too long
the Leadership is usually arrested in 2 hours of the attempt
there was no political party backing the military efforts
even though the KURDS hated Erdogen and feared him. they did not back the coup. Translation: they feared anarchistic militarty regime more than oppressive Erdogan regime- this was deal sealer for us at MS

Key to reading UPDATES

IN CAPS = news agency reports
lower case- our observations
lower case in italics: ironic statement or pure conjecture

11:00- signing on- Erdogan is a tyranical dictator and is likely a pawn of US policy. THE us BACKING HIM IS LIKE ENDORSING MUSSOLINI

That said Erdogan was recently elected democratically. so the US is pro democracy. they distanced themselves initially but are now beingvocal in support of Erdogan.-Soren K.

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UPDATES START HERE on TURKEY, FRANCE, TRUMP

2:40-John Kerry says U.S. would entertain extradition request for cleric Turkey's president blames for coup attempt.

1:52- VIDEO FEED LIVE IS ONLINE

1:22- TURKEY 161 COUP SUPPORTERS KILLED SO FAR- ERDOGAN

1:21- ACCOMPLICES BEING ARRESTED IN NICE ATTACK AS SEARCHES UNDERWAY

1:20- FRANCE TEROR- ISIS TAKES OFFICAL CREDITFOR LORRY ATTACK-

1:16- 3000 MILITARY PERSONS ARRESTED IN FAILED COUP AFTERMATH- SKY

1:03- gruesome info on unreported isolated terror attacks in germany and France more to follow

12:58- Turkish Commander of Third Army Corps Erdal Öztürk has been detained- CNN

12:57- Report: One of Turkey Coup leaders is a former military attaché to Israel- Haaretz

12:56- Turkey Defense Minister Isik says state authorities are in full control of all areas in Turkey following the coup attempt- ZEROHEDGE

12:07-Turkey Suspends All US Operations Against ISIS At Incirlik Airbase, Which Vaults US B61 Nuclear Bombs - ZH

12:03 TRUMP RELEASES CAMPAIGN LOGO- attracting awkward attention CNN

WHAT IS T DOINGTO P- CNN- hillary clinton should know

we saw it as TP.. toilet paper- Soren K

11:34 TURKISH GOVT SAYS SITUATION INDER CONTROL- AIR BASE USED BY US CLOSED- CNN

11:35- TURKISH FORCES TO CRUSH LAST REMNANTS OF COUP ONCE ERDOGAN RETURNS- RTRS

11:36- TURKISH JETS SEE NOVERHEAD, SIGNALING AIR CONTROL

11:28- TURKEY- CNN TURKEYS INCIRILIK BASE SEALED, POWER CUT OFF-some coup people trapped

11:28 FRANCE- ISIS TERRORIST EXECUTED IN REPOSNSE TO CALLS TO TARGET. CITIZENS OF COALITION FIGHTING ISIS IN SYRIA

11:25 you dont have to be hired to be radicalized. same in france, same in orlando. dissaffected people seekingto belong to somethingbigger than themselves. preyed on by opportunistic religious zealots

11:23- TURKEY PM WE CONSIDER ANY STATE NOT HANDING OVER FATHALLAH GULEN AN ENEMY OF TURKEY - Gulen is in usa

11:20 TRUMP-MUST RESTORE MANUFACTURING IN THE US

11:17TRUMP- CHOOSES MIKE PENCE, GOV. OF INDIANA

11-:17- FRANCE TERROR- THE ATTACKER WAS A MUSLIM, SEEKING TO IMPRESS ISIS.

11:16- DONALD TRUMP FORMALLY ANNOUNCING HIS VP SELECTION OF PENCE

11:07

MOST CITIZENS ARE UNWILLING TO CEDE DEMOCRACY TO A MILITARY COUP
AFTER CHAOTIC NIGHT, IT SEEMS MOST OF TURKEY IS "SANE" AGAIN.
REPORTS OF ISOLATED FIOGHTING IN POCKETS PERSIST

11:12- counter coup

KEY ROUTES FOR ENERGY REOPEN

11:16- TURKISH AUTHORITIES SACK 2700 JUDGES IN HOURS IN FIRST CASUALTY OF FAILED COUP ATTEMPT

Calling it a night. From here it looks like the longer a coup takes, the less likely it will succeed. Flip side, the longer a coup takes, the more bloody it will likely be- G-d help those in Turkey.

See you sunday night when we can guage the market reactions to these events.- Soren K. Sorenk@marketslant.com

7:38- surfing video feeds and hit one in NYC chants of allah akbar. theyhave no idea what is going on. jsut idiots wiht an excuse to chant- like bensonhurst boys saying they are italian and get the culture of italy

7:36- facebook ownsthis event in livevideo. twitter missed out with periscope. Facebook really shined tonight

7:32-PRESIDENT ERDOGAN REFUSED ASYLUM BY GERMANY- so that makes him first muslim refugee merkel has ever turned away!

7:30 people still climbing on tanks protesting the coup. If coup leaders open fire on the people , they will lose any public support they have

7:28- thinking if erdogan remains in power there will be legendary Mr. T type pain as US "backs him" adn that means heads will roll

7:25- listening to feeds drone on about history of coups in turkey... here it is in a google search for you all. the talking heads can go home now

7:23- JUST IN: Pres. Obama spoke with Secretary Kerry and agreed all parties in Turkey should support democratically-elected gov’t of turkey- this is our response?

7:17- it seems right now, as long as the military controls the skys, the coup will not succeed. doesnt mean chaos will not ensue- soren k.

7:17 CONFIRMED- RTRS - TURKISH FIGHTER JET SHOOTS DOWN MILITARY HELICOPTER USED BY COUP PLOTTERS OVER CAPITAL ANKARA - BROADCASTER NTV

7:15 reality check or irrelevant check?

7:10- reports a helicopter shot down. not confirmed

7:09 TURKEY PM YILDIRIM: WE'RE BUSY PUTTING DOWN THIS SILLY UPRISING- thinking something lost in translation?

7:08 cynic shygal turns optimistic to balance cynicism. invites twitter followers to home for slumberparty, technical analysis chat-

7:07 13 police killed in gunfire- AJ

7:04 INSURRECTION DOES NOT ENJOY BACKING FROM POLITICAL OPPONENTS OF ERDOGAN AJ- pretty important and validates erdogan statements

7:01- PRESIDENT AND PM BLAMING SMALL FRACTION. NATIONWIDE CURFEW IS IN EFFECT

PRESIDENT ENCOURAGING ANTI COUP DEMONSTRATIONS TO TAKE PLACE- in his bunker?

PEOPLE AGAINST COUP ARE TAKING TO STREETS.-this is far from a done deal

PRESIDENT SAYS HE IS IN ISTANBUL, NOT ENROUTE TO GERMANY

7:00 DOES NOT SEEM TO BE BROAD SCALE PUBLIC SUPPORT YET AS IN PAST INSURRECTIONS- AJ

6:59- COUP LEADERS DO NOT ENJOY POLITICAL BACKING AS OF YET ANYWHERE-AJ

6:58- PAST COUPS ARE QUICK AND TAKE OVER COUNTRY WITHIN HOURS. NOT SO HERE-AJ

6:57 SOLDIERS MAY HAVE FIRED ON PROTESTORS OF COUP TRYING TO CROSS BRIDGE- AP

6:56- ANTI COUP DEMONSTRATORS BEGINNINGTO TAKE TO STREETS- ALJAZEERA

6:55 COMMANDERS OF 1ST ARMY DIVISION AND NAVAL CHIEF NOT BACKING COUP

6:54- erdogan has issued police warrants- not sure if that is enough ERdie

652- Erdogan- "insurrection within army will be dealt with" calls coup leaders BREAKAWAY FACTION of ARMY- can i use your hot spot?

6:52- both sides claim they have control of country- al jazeera

6:50 to Former Prime minister of Turkey :"how long until main army takes control back?" answer.. .....

6:47- definite religious overtones. Watching Turkish broadcast- kids shouting in arabic and other languagers. can definitely hear traditional Muslim phrases. Allah etc6:40- erdogan consulting with Bagdad Bob?- all is well remain calm

6:38 people stepping back into streeets, shooting dies down. cars honking horns in celebration- like Godfather 2 in Cuba

6:38 germans unsure, but erdogan may be enroute towards them now, have already denied him asylum

6:38 people in streets cheering military- this is a popular uprising by some military generals who are getting the population's suppport

6:35erdogan makes veiled accusation that CIA behind it all- ifthat were true, his cellphone would have shut down by now

6:30 - IF YOU LISTEN EVER SO CLOSELY YOU CAN HEAR THE PILOT SAY " sCREW THAT WE'RE OUTTA HERE BEFORE TURNING WEST

6:10 PEACEFUL MUSLIM CLERIC EXILED IN USA IS MOTIVATION FOR COUP LEADERS- FATULOH GUOLAN (SPELLING)

6:10 TANKS OPEN FIRE IN ISTANBUL AIRPORT

6:08 john kerry says nothing of import from russia

6:06 GERMANY REJECTS ERDOGANS REQUEST FOR ASYLUM-needs to charge iphone to stop coup?

6:04 2 more bomb explosions in ankara, Parliament is surrounded. Coup leaders taking each piece for control methodically. This wasnt spontaneous

6:02 massive explosion heard, helicopter shooting state broadcaster HQ. likely to stop erdogan broadcasting on his cell phone from paris?

6:00 turkish army wading into establishment symbols now. Erdogan's shabeeha now

5:56- TURKISH TV BROADCASTS ERDOGAN SAYING HE IS IN CONTROL,COUP LEADERS TO BE PUNISHED- the TV is showing a pic of him speaking on FACETIME. I kid you not!

5:53- PRESIDENTIAL PALACE UNDER SIEGE NOW- president not there?

5:54- military to public: ARMED FORCES HAVE SIEZED POWER, CITE RISING AUTOCRATIC RULE AND INCREASED TERRORISM- makes no sense to us

MKT: Turkish Lira before trading stopped.(inverted) Soren K.

MS perspective: soren K. turkey has 77MM people. all muslim. recent attempts to reconcile secular democracy with muslim thoecracy are likely doomed

MS perspective: Soren K.: turkey is bridge between europe and asia. it is route for much ME oil headed to Europe. disruptiuon of these routes will cause price spikes in oil. but bigger issue will be natural gas on energy side. ther eis plenty of oil to handle this. turkey is not major producer but middle man

5:43- ERDOGAN SAYS HES STILL PRESIDENT- meanwhile he is headed to airport to leave country

TURKISH LIRA DECIMATED