Saturday, January 07, 2017

Today's Headlines

  • Fed’s Powell Urges Congress to Take Another Look at Volcker Rule. Federal Reserve Governor Jerome Powell urged Congress to rewrite the Volcker Rule that restricts proprietary trading, while urging “a high degree of vigilance” against the buildup of financial risks amid improving U.S. growth. “What the current law and rule do is effectively force you to look into the mind and heart of every trader on every trade to see what the intent is,” Powell said Saturday at the American Finance Association meeting in Chicago. “Is it propriety trading or something else? If that is the test you set yourself, you are going to wind up with tremendous expense and burden.”
  • Winter Storm Slams Southeast Leaving Canceled Flights in Wake. Airlines including Delta Air Lines Inc. and American Airlines Group Inc. canceled hundreds of flights early Saturday as an icy winter storm struck U.S. southeast cities. The National Weather Service warned of hazardous conditions in areas including Atlanta, a Delta hub, and Charlotte, North Carolina, an American hub. As ice and snow piled up, more than 350 flights were canceled at Hartsfield-Jackson Atlanta International Airport and more than 100 at Charlotte Douglas International Airport, according to flight-tracking website
Wall Street Journal:
  • Had bullish commentary on (NXPI), (EXPE), (KKR), (GOOGL), (C), (ALLY), (APA) and (NVDA).
Zero Hedge:
  • Blizzards, Icy Weather Continue Their Grip on Europe. Heavy snowfall and below-freezing temperatures continued to sweep across the European continent Saturday causing more than a dozen deaths, and grounding airplanes and crippling ferries in Italy and Turkey.

No comments: