Monday Watch

Today's Headlines

Bloomberg:     

• Dire Situation in China Is One Reason for Honda, Nissan Merger. 
• Germany’s SPD Calls for Antitrust Act to Clip Elon Musk’s Power. 
• Liberal Push to Oust Trudeau Gains Momentum in Ontario: CBC.
• Netanyahu Vows to Act Against Houthis After Missile Strike. 
• Bankruptcies, Suicide Rise as Japanese Struggle With Mounting Debt.
• Europe’s Big Stocks Are Shrinking Deeper Into US Megacaps’ Shadow.
• Panama’s Leader Takes Up Feud With Trump Over Control of Canal. 
• Asian Stocks Eye Cautious Gains as US Worries Ease.
• Hedge Funds Cut Nuclear Technology Exposure After ‘Hard’ Rally.
• Masayoshi Son’s Quest to Become the Next Nvidia.
• The 11 Wild Trades of 2024: Booms, Busts and a 2,900% Windfall.
• Some 2025 Surprises: Hong Kong Tycoons, Luckin Coffee, Vietnam.
• Bond Traders Turn to 2025 Amid Most Agonizing Easing in Decades. 
• For Emerging Markets, ‘Better Luck Next Year’ Is Hard to Believe. 
• ‘God Bless America’ Fund Beats Political Rivals with 33% Gain.
• Woman Burnt to Death in New York Subway Car as Suspect Watched.
• Five Key Charts to Watch in Global Commodity Markets This Week.

Zero Hedge: 

• US Fighter Jet Shot Down Over Red Sea In Disastrous 'Friendly Fire' Incident.
• Trump Threatens To Take Back Panama Canal As He Declares "Golden Age Of America Is Upon Us".
• AI Drone Swarms And Autonomous Vessels: Palantir Co-Founder Warns How Warfare Is About To Change Forever.
• The FBI Deserves Kash Patel.
• DoorDash By Drone: Google's Wing Subsidiary Now Delivers In Dallas-Fort Worth.
• In Latest Threat To German Democracy, Dangerous Fascist Elon Musk Tweets Six Words About AfD.
• Disney Abandons Transgender Storyline In New Pixar Show.
• Weekend News Round Up - Newsquawk Asia-Pac Market Open.
• Waymo Robotaxi Still Has Some Kinks To Work Out.
• The Dominoes Are Falling Fast Over The Biden Mental-Health Cover-Up.
• "Prank TikToker" Busted After Filming Himself Spraying Walmart Produce With Poison.
• Berberine: One Of The Most Powerful Tools We Have To Regulate Insulin.
• Biden Considers Commuting Sentences Of 40 Men On Federal Death Row.
• "We Have A Serious, Serious Problem On A Global Scale" - Martin Armstrong Warns Neocons "Scared To Death Of Trump".
• Is 'Dronegate' A Chinese Psyop?
• Something Is Seriously Amiss In The Labor Markets.
• Make Monroe Doctrine Great Again? Trump Threatens To Take Back Panama Canal Amid Chinese Takeover Fears.
• Senate Republicans Create 'Make America Healthy Again' Caucus As RFK Jr. Continues Capitol Hill Tour.
• US Congresswoman Missing For Six Months Found At Dementia Care Home.
• All I Want For Christmas... Is Another False Flag.
• Visualizing $102 Trillion Of Global Debt In 2024.
• Make Europe Great Again.
• Aide To California Politician Arrested, Accused Of Conspiring With Chinese Spy To Infiltrate US Politics.
• Death By A Thousand Talents: University Pays $700,000 To Settle With NASA Over Lead Researcher's Undisclosed China Ties
• Winners And Losers From Last Night's Government Funding Package.

Wall Street Journal:

• The Sanctuary State Migrant Boom.
• Goldman Sachs Economist Jan Hatzius on His 2025 Economic Outlook.
• Private Prisons Gear Up for Deportation Bonanza Under Trump.
• The Week the GOP’s High Hopes Collided With Reality.
• More Teens Are Using Dangerously Potent Pot for Intense Highs.
• Paramount’s Media Heiress Will Leave the Stage After Last Act in a Chaotic Drama.
• Inside the Monthlong White House Effort to Quell New Jersey Drone Frenzy.
• The Investing Cult Fueling MicroStrategy’s Ascent: ‘Have Fun Staying Poor’.
• Donald Trump’s Agenda Has New Enforcers: Charlie Kirk and a Legion of Influencers.
• The Not-So-Secret Way Around U.S. Tariffs.
• How Scammers Are Using AI This Holiday Season to Steal Your Money.
• Cloud AI Startup Vultr Raises $333 Million at $3.5 Billion Valuation.
• What’s Behind the Meltdown in Brazil.

CNBC:  

• Behind Amazon’s quiet launch of Haul, which competes with Temu in ultra-low-price items from China.
• What Google’s quantum chip breakthrough Willow means for bitcoin’s future.
• Amtrak temporarily suspends Northeast Corridor service days before holiday.
• Donald Trump says Vladimir Putin wants a meeting about the war with Ukraine.
• Scams, trolls and impersonators: Bluesky faces dark clouds in battle to be the new Twitter.
• Weakened Iran could pursue nuclear weapon, White House’s Sullivan says.

MarketWatch.com:  

• Wall Street’s ‘Santa Claus rally’ window is about to open with the Dow down in December.
• More than $125 million is stolen every year on Zelle. The feds say little is done to stop it.

NewsMax:

• Trump Vows 'Largest Tax Cuts' in US History by Next Year.
• China Threatens US 'Playing With Fire' Over Taiwan Military Aid.
• Trump Tariffs Redefine Free Trade in Face of China Threat.  
• Trump: 'We're Being Ripped Off at the Panama Canal'. 
• Fetterman 'Potentially' Voting for Hegseth, Patel.

Fox News:

• Guatemalan migrant allegedly set train passenger on fire, watched her burn to death.
• Trump previews string of executive actions to tackle ‘the transgender lunacy’.
• Congresswoman who hasn’t voted in months has been living in retirement facility.
• Republicans under pressure to eliminate Democrats’ ‘last tool’ to obstruct bold Trump agenda. 
• Top Biden ally reacts after Musk announces plan to target ‘heavily Democrat districts’.

TheGatewayPundit.com:

• Horrific Video Shows Man Sitting on Bench Watching Woman Burn to Death After He Lit Her on Fire in NYC Subway. 
• CNN’s Van Jones Just Gave a Perfect Analysis of Why The Liberal Media is Dead (VIDEO).
• Canadian Singer Drops Fiery ‘Let It Snow (Screw The Woke)’ Remix That’s Sending Woketards into a Total Meltdown.
• Trucks Continue Hauling Unused Border Wall for Auction Amid Trump-Backed Lawsuit and Calls From Lawmakers to Stop Biden From Selling Materials (VIDEO).
• WATCH: Outgoing Sen. Joe Manchin Says Democratic Party is ‘So Toxic’ — ‘This Country is Not Going Left’.
• Donald Trump Puts ‘Disgusting’ Liz Cheney on Notice – Says She Committed ‘Egregious and Unthinkable Acts of Crime’.
• Disgusting: Race-Obsessed Rep. Jasmine Crockett Insults Hispanic Voters for ‘Slave Mentality’ Who ‘Can Barely Vote’.
• Ken Paxton Teases Possible Primary Run Against RINO Senator John Cornyn (Video).
• ‘Saturday Night Live’ Audience Cheers and Applauds Wildly When Host Mentions UnitedHealthcare CEO Murderer Luigi Mangioni (VIDEO).
• After Musk Public Support, AfD’s Alice Weidel Overtakes CDU Warmonger Friedrich Merz in the Race for Next German Chancellor: POLL.
• Coast Guardsman Blasts Biden Regime for ‘Making Sh-t Up’ After Vessel Tailed by Fleet of Drones.
• TOM RENZ: The Omnibus CR Funding Bill —The WHO Treaty in Disguise.
• You Can’t Make This Up: U.S. Navy Shoots Down Its Own F/A-18 Super Hornet Fighter Jet in Apparent ‘Friendly Fire’ Incident in Red Sea.
• Biden Withdraws Plan to Cancel Student Loan Debt For 38 Million Americans, Blames “Operational Challenges”.

The Epoch Times:

• US Indicts Chinese National Accused of Selling Pill Press Used to Make Illicit Drugs.
• 63 Human Rights Groups Urge Continuation of House Select Committee on CCP.

Around X:

• @elonmusk

• #BREAKING: The man who set an innocent woman on fire on the New York Subway, Sebastian Zapeta, is a recent “MIGRANT” from Guatemala. The Biden regime REFUSED to deport him, and an innocent woman lost her life as a result. MASS DEPORTATIONS NOW! Enough is enough. (pic)
• New York City is experiencing insane gridlock surface traffic, because people are legitimately afraid to take the subway or walk. (pic)

• @WallStreetMav

• German protesters chant: :"Anyone who doesn't love Germany, should leave Germany!" The German media is not showing these protests. They are hiding it. The only way to know what is happening is on X. The German elite don’t want AfD to win the election. (video)

• @JohnStossel
  

• Biden promised 500,000 EV charging stations. 2 years later, only 7 have been built… When politicians spend your money, they don’t have an incentive to spend it carefully. So they fail, over and over: (video)

• @MarioNawful

• CHINA’S WEALTHY PROVINCES ARE BROKE — AND EVERYONE’S FEELING IT. Suzhou and Zhejiang, once economic powerhouses, are now playing the world’s saddest game of “Where’s My Money?” Suzhou’s exports are tanking, foreign companies are thinking about bailing, and local governments are so broke they’re slashing salaries, delaying projects, and even cutting back on office supplies. (pic)

• @ricwe123

• Can you imagine, just two days after the attack in Magdeburg, muslims march through Hanover's Christmas market shouting, "Germany, sons of whores". (video)

• @WallStreetApes

• The FBI is showing up on Americans doors who are filming “drone / orb” videos and posting them on TikTok. They’re demanding the videos be deleted. “So apparently, the feds show up if you post those lights on TikTok. Last week, I posted a video about those 12 lights that I saw fall out of the sky on my way home. Not at the same time, they fell individually. Well, my boyfriend's coworker also saw them, and he caught them on film, and he posted them on TikTok. And apparently, they showed up to his door, and he was asked to delete the video.” (video)
• WOW! Governments are purchasing Spyware to monitor citizens phones and illegally surveillance them. You’re never going to guess who two of the purchasers are… The FBI and Department of Homeland Security. “Big spyware companies say they sell this tech only to governments. But this multi-billion dollar industry is mostly unregulated. The most advanced spyware can turn your smartphone into a spy — It can copy everything and record you without you ever knowing”. (video)
  

• @BGatesIsaPsycho

• Dear Keir Starmer, “I have spent the last 17 years in my own prison - I was ten” “I was not the only girl on that Island - there was a constant stream of Girls being r***ed over & over again”. This is a Jeffrey Epstein Island survivor - now you have decided to appoint his close confident & friend Peter Mandelson as ambassador to America. Do you see the problem here? (video)

• @Overton_news

• NOW - Stephen A. Smith Shocks in Fox News Interview, Says He Would Likely Vote For Trump in Another Election. |@stephenasmith "I voted Democrat and I got to tell you something right now. I don't like the fact that I did." Holy smokes. The Democrats are cooked. American sports personality Stephen A. Smith was just asked if he would support Donald Trump if there was a hypothetical election in the future. His answer was brilliant and will likely shock many of you. (video)

• @CollinRugg
  

• NEW: Senator John Fetterman says Trump won because he protects the American way of life, says Trump is not a fascist like Kamala Harris claimed. Fetterman says he knows a lot of Democrats in Pennsylvania who voted for Trump. "A lot of Democrats, especially in my state that I know and I happen to love people that [voted] for Trump and they are not fascists." "I think people are going to decide who is the candidate that's going to protect and project my version of the American way of life. And that's what happened." (video)
  

• @ShadowofEzra

• Over a four-year period, an extensive review of cell phone, laptop, and vehicle GPS data reveals that second Trump assassin Ryan Wesley Routh visited Fort Bragg, a major military base, 147 times, staying overnight on 29 occasions, according to Tony Seruga. (video)

• @atensnut
  

• Why has Communist China been allowed to purchase so much US farm land next to 17 of our Military Bases? I hope this will investigated by the Trump Administration. They shouldn’t own one foot of US soil. (video)

• @BillAckman

• With drones in the headlines, a modern war in @Ukraine, and Chinese drone shows in the air, it has become increasingly apparent that we have been overinvesting in F-35s and underinvesting in military drone technology. (video)

• @SaiKate108

• Things are moving fast. Senator Ron Johnson is already in talks with RFK jr to release the redacted documents exposing Fauci and the Biden Admin. plan to cover up the fact the shot was causing heart damage in young people. They knew yet still pushed mandates. Criminal!! (video)
  

OpenVAERS: 

• VAERS US COVID Vaccine Adverse Event Reports. 1,021,130 Reports(+5,083 from prior report) Through November 29th, 2024.
  

SKirsch.com:

• Using the MGH numbers with our own VAERS queries, we have 247 cases per million doses from the MGH study divided by 5.97 cases per million doses from VAERS. 247/5.97 = 41. This suggests that the VAERS under-reporting factor (URF) is 41X.

Night Trading

• Asian indices are +.25% to +1.25% on average.
• Asia Ex-Japan Investment Grade CDS Index 76.75 +.5 basis point.
  
• China Sovereign CDS 65.0 -.75 basis point.
• China Iron Ore Spot 101.0 USD/Metric Tonne +.3%.
  
• Bloomberg Emerging Markets Currency Index 37.1 -.01%.
• Bloomberg Global Risk-On/Risk Off Index 67.0 +1.0%.
• Volatility Index(VIX) futures 17.8 -2.5%. 
• Euro Stoxx 50 futures -.22%.
• S&P 500 futures +.25%.
• NASDAQ 100 futures +.32%.

Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by commodity and technology shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 75% net long heading into the week.