Thursday Morning Reads
Reads:
- China has made an offer to resolve trade dispute such as increasing equity caps for foreign investment, but proposal falls short of demands from The Trump Administration (FXI). Bloomberg Report
- European Union is preparing to retaliate against any auto tariffs from the United States (CARZ). NY Times Report
- Nancy Pelosi may not have enough votes to become speaker in new Congress as 17 Democrats plan to vote against her (Note: Speaker votes are typically held in early January). CNN Report
- Brexit Secretary Dominic Raab has resigned (EWU, RBS, LYG, BCS). Bloomberg Report
- Saudi prosecutors want the death penalty for the individuals involved in the murder of journalist Jamal Khashoggi (USO, XLE). CNN Report.
- Elliott Management still sees path to Arconic (ARNC) sale. NY Post Report
- JD.com (JD) considers sale of Hong Kong insurance unit. Reuters Report
- This investigative report shows how Facebook (FB) managed through the Russian election meddling issue. NY Times Report (Incoming Chair of House Judiciary Committee's antitrust panel believes that Facebookcan't regulate itself).
- Wal Mart (WMT) delivery application Cornershop is planning Canadian expansion. Reuters Report
- Tobacco industry plans to fight against FDA over ban on menthol cigarettes (MO, PM). WSJ Report
- Steve Wynn (WYNN) wants to block release of the Massachusetts gambling regulators report on his sexual misconduct. WSJ Report
- Government has denied accusations from Oracle (ORCL) that could computing contract process is unfair. TechCrunch Report
News:
- Sterling skids after U.K. Brexit minister resigns
- SEC to revisit 'proxy' voting
- Chinese shares buoyed by trade optimism
- Walmart beats by $0.07, misses on revenue
- Ford in a 'delicate dance' with Volkswagen
- FCC's first high-band 5G auction
- American was 'unaware' of some 737 MAX functions
- Berkshire buys JPMorgan, Oracle, exits Sanofi
- Walmart higher after U.S. comparable sales beat
- Natural gas futures surge 18% but most gas-oriented equities fall
- Teekay LNG misses by $0.11, misses on revenue
Futures:
Some of the Top Open Interest Changes for Today:
Premium: