Bloomberg:
- Obama Staged ‘Shameful Ambush’ of Israel, Netanyahu Says. President Barack Obama’s administration staged a “shameful ambush” by allowing the UN Security Council to pass a resolution declaring Israel’s West Bank settlements illegal, Israeli Prime Minister Benjamin Netanyahu said in his first public comments since Friday’s vote. Netanyahu said Obama broke a long-standing U.S. commitment not to allow the UN to impose conditions on Israel in its conflict with the Palestinians. He spoke Saturday night at a ceremony for the start of the Hanukkah holiday, a day after the Security Council voted 14-0, with the U.S. abstaining, in favor of Resolution 2334. The measure demands that Israel cease construction in all areas it captured in the 1967 Middle East war. While the immediate practical impact is unclear, the resolution could strengthen the movement to boycott Israel and open the door for lawsuits against Israel in international bodies.
- Investors Betting on Oil Price Drop Flee as Production Cuts Near. Oil investors seem to have less reason to doubt that OPEC and other producers will make the cuts needed to balance the market. Money managers trimmed bets on falling West Texas Intermediate crude prices to the lowest level since August 2014 as the Organization of Petroleum Exporting Countries and other crude-exporters prepare to start curbing output in January. Oil market volatility dropped to the lowest level in more than two years on Dec. 20 and futures settled at a 17-month high on Friday.
Wall Street Journal:
- Donald Trump Says He Will 'Dissolve' Trump Foundation. President-elect says he is taking the step to avoid the ‘appearance’ of a conflict of interest.
- Obama’s Anti-Israel Tantrum. The U.N. resolution is a defining act of Obama’s Presidency.
Barron's:
- Had bullish commentary on (HDS) and (XOXO).
Zero Hedge:
- Obama Quietly Signs The "Countering Disinformation And Propaganda Act" Into Law.
- While Blaming Trump For "Arms Race", Obama Signs Momentous "Star Wars II" Defense Bill.
- The Real Cost Of Christmas Has Never Been Higher.
- 2 Charts That Debunk The Bullish Case For Stocks.
- FBI Warns Of Possible "ISIS-Inspired" Attacks On US Churches, Holiday Gatherings.
- Dave Collum's 2016 Year In Review - "And Then Things Got Really Weird...".
- Guess Which Country's Credit Risk Has Improved The Most Since Trump's Election. (graph)
- Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time. (graph)
- Europe's Future - Merkel Or Le Pen?
- They're Back: Foreign Central Banks Quietly Unleash A Treasury Buying Spree. (graph)
- Trump's Ominous Warning To The UN: "Things Will Be Different After Jan. 20th".
- "Not An Algo Was Stirring..." - Dow's Tightest Trading Range In 30 Years. (graph)
Business Insider:
- The Fed has thrown in the towel.
- Jeremy Corbyn used his Christmas message to warn of a 'shocking rise' in homelessness.
- NOBEL ECONOMIST: 'I don’t think globalisation is anywhere near the threat that robots are'.
- The UN just put Israel on notice — and the US let it happen.
- Trump goes off on Germany terrorist: 'Such hatred! When will the U.S., and all countries, fight back?'
- Democrats scorch Obama over UN vote condemning Israeli settlements.
- Bank of America didn't waste any time raising its own interest rates.
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