Bloomberg:
- U.S. Stocks Mixed, Dollar Erases Gain as Fed Holds. (video) U.S. stocks remained mixed and the dollar erased a slight gain after the Federal Reserve left rates unchanged as expected and acknowledged economic growth is solid. Small caps fell the most since August as the prospects for tax reform remained uncertain amid political wrangling in Congress. The Stoxx Europe 600 Index advanced 0.4 percent. Japan’s Nikkei 225 Stock Average climbed 1.9 percent to the highest in more than 21 years. The MSCI Asia Pacific Index climbed 0.9 percent to the highest in about 10 years. The MSCI Emerging Market Index jumped 0.9 percent to the highest in more than two weeks.
- Watch the Curve For Iron Ore's Spring Promise. Iron ore’s in very unfamiliar territory. As China presses home its campaign to curb steel production, some investors are starting to wager that after a chill in winter, a torrent of pent-up demand will spur a springtime rebound in a move that’s shifted the shape of the futures curve.
- Mnuchin Resisting Phased-In Corporate Tax Cut Over Growth Concerns, Sources Say. (video) Treasury Secretary Steven Mnuchin is resisting a gradual phase in of the proposed 20 percent corporate rate out of concern the move wouldn’t boost economic growth as much as he’s anticipated, according to a Trump administration official and another person familiar with Mnuchin’s thinking. Mnuchin is worried that a slow reduction of the corporate rate from its current 35 percent would also make the U.S. less competitive, as other countries cut their rates faster and foreigners delay their investments in the U.S., said the official, who asked not to be named because the discussions are private.
- Next Time Bring Your CEOs, Lawmakers Tell Facebook(FB), Google(GOOG) and Twitter(TWTR). (video) Senator Angus King issued a simple admonishment to the lawyers representing Facebook, Google and Twitter at a Senate Intelligence Committee hearing on Russian meddling with social media during the 2016 presidential election. “I’m disappointed you are here and not your CEOs,” King, an independent from Maine who caucuses with Democrats, told the three corporate counsels. "We would appreciate seeing the top people who are actually making the decisions.”
- October Was Apparently Pickup Truck Month in the U.S. (video) Ford Motor Co.’s F-Series led a gangbusters month for pickups, pacing a surprise uptick in total U.S. auto industry sales. Ford F-Series deliveries surged 16 percent for their best October since 2004, and the automaker’s total U.S. sales beat analysts’ estimates. Demand also jumped for GM’s Chevrolet Silverado and GMC Sierra, Fiat Chrysler Automobiles NV’s Ram pickup and Nissan Motor Co.’s Titan full-size trucks.
Wall Street Journal:
- Police Say Terror Suspect Followed ISIS Blueprint. New York, federal officials search for clues on planning of Tuesday’s truck attack.
- How China Swallowed the WTO. The U.S. helped create the group to smooth global commerce and integrate a rising China. Instead, it’s become a battleground for intense national rivalries.
Fox News:
- DNC: White men shouldn't apply for tech jobs. DNC’s Data Service Manager Madeleine Leader purportedly wrote in an email that the desire for diversity excludes “cisgender straight white males.” Leader adds, “I personally would prefer that you not forward to cisgender straight white males, as they are already in the majority.” Cisgender is a term for people whose gender identity matches the sex that they were assigned to at birth.
CNBC:
Zero Hedge:
No comments:
Post a Comment