Evening Headlines
Bloomberg:
- South Korean President Yoon Arrested Over Martial Law Fiasco.
- South Korea’s Jobless Rate Jumps as Political Row Hits Economy.
- Distressed Chinese Companies Face Flurry of Court Hearings.
- PBOC Dials Up Short-Term Liquidity Injections Amid Cash Squeeze.
- China’s Cap on Aluminum Capacity to Slow Output and Cut Exports.
- Oil Climbs as Sanctions Angst and Lower Stockpiles Set the Tone.
- US Inflation Data to Remain Firm, Feeding Fears of Higher Rates.
- New Obesity Benchmark Adds Body Fat, Organ Health to BMI.
- AI Is Eating Wall Street’s Lunch.
- LA Wildfire Insurance-Loss Estimates Approach $40 Billion.
- China Is Scouring the Globe in Search of New Food Suppliers.
- Why Some Bond Traders Bet Relentless Selloff Will Soon Lose Steam.
Zerohedge:
- Stockman: Wildfires And The Hoary Hoax Of A Burning Planet.
- CPI Preview: "This Is A Pivot Data Point" And "On The Precipice Of A Major Rotation".
- Visualizing All Of Canada's Cancelled Energy Projects.
- Biden Throws Cuban Curve Ball Days Before Trump Enters White House.
- FBI, DHS Warn Of New Orleans-Style Vehicle Ramming Attacks By Copycat Terrorists.
- Wildfire Woes: California Regulators Halted Palisades Fire Prevention Project to Save Rare Shrub.
- 2025: The Year The Federal Debt Bubble Bursts.
- Thousands Of South Korean Police Attempt To Raid President Yoon's Residence: Who's In Charge?
- DoD Had Its Most Spendy Month Since The Bush Era.
- Fortress DC: Trump's Inauguration Braces For The Worst With Troops, Drones, And Fences.
- US stocks finished mostly higher in choppy trade after cooler-than-expected PPI data ahead of Wednesday's CPI report - Newsquawk Asia-Pac Market Open.
- Melania Trump Says Transition To White House 'Very Different' This Time.
- The Great Agave Bust Unfolds As Tequila Oversupply Worsens.
- Stocks chop, Bonds bid & Dollar descends on cool PPI ahead of CPI - Newsquawk US Market Wrap.
- Trump Affirms He'll Meet Putin 'Very Quickly' After Inauguration.
- Dear Democrats: This Time, You Can't Blame The Republicans.
- Bitcoin & Bullion Bid As 'Bear Market In Bullish Sentiment' Continues For Stocks.
- California’s Wildfire Climate Excuse.
- The Governance Failures That Fed the Los Angeles Wildfires.
- California’s Wildfire Climate Excuse.
- The Armed Homeowners Defying the Rules of L.A.’s Burn Zones.
- What if the Fed U-Turns and Raises Rates This Year?
- U.S. to Take Cuba Off Terrorism List.
- Denmark Opens Back Channel to Trump to Discuss Greenland.
- Trump Team Sidelines RFK Jr.’s Antivaccine Aides.
- Trump Team Sidelines RFK Jr.’s Antivaccine Aides.
- U.S. Deaths Expected to Outpace Births Within the Decade.
CNBC:
- Tech rout in markets continues.
- SEC sues Elon Musk, alleging failure to properly disclose Twitter ownership.
- Meta announces 5% cuts in preparation for ‘intense year’ — read the internal memo.
- Microsoft pauses hiring in U.S. consulting unit as part of cost-cutting plan, memo says.
- Intel to spin off venture capital arm as chipmaker continues to restructure.
- Budget deficit rose in December and is now 40% higher than it was a year ago.
- Displaced LA-area residents face spiking rents as authorities warn of price gouging.
MarketWatch.com:
- Companies are expected to post their best earnings growth in 3 years. The biggest gains won’t come from Big Tech.
- From worst to first: Last year’s stock-market laggards see strong start to 2025.
- 13 dividend stocks selected for value at a time when the S&P 500 trades sky high.
- These two-dozen value stocks are poised to lead the stock market.
Fox News:
- Top 5 moments from Hegseth's hearing.
- Dem senator's 'lies and stupidity' at hearing swiftly roasted online.
- Celeb predicts 'change' after fires shine 'bright light' on California's 'weaknesses'.
- AOC mocked for hysterical rant defending trans athletes in girls' sports.
- Global health agency on chopping block as Republicans threaten to cut off funds.
- Red state governor threatens university president over DEI controversy.
TheGatewayPundit.com:
- WATCH: O’Keefe Media Group Exposes Former FBI Special Agent and Self Described “Spy Hunter” Giving Tell-All on Defense Department’s Plan to Sabotage Incoming Trump Administration.
- “You Want to Take It Outside?!” – Rep. Nancy Mace GOES OFF on Race-Baiting Rep. Jasmine Crockett After a Nasty Cheap Shot from Crockett During House Hearing (VIDEO).
- Billy Bush Tells Tucker Carlson ABC News Built 75 Person Unit Team Dedicated to Attacking President Trump “Get him at all costs” (Video)
- Biden Removes Communist Cuba’s Designation as State Sponsor of Terrorism in Deal Negotiated by Catholic Church.
- Wayne Root Covers the Madness & Idiocy & Disaster of the Los Angeles Fires. Was it a Natural Disaster, or Man-Made? Also the Story of China Preparing to Attack Taiwan. Buckle Your Seat Belts (VIDEO).
- Michelle Obama Announces Without Explanation That She Will Skip President Trump’s Inauguration After Missing the Carter Funeral.
- House Passes Bill Banning Transgender Athletes (Bio Males) From Competing in Girl’s Sports at Schools That Receive Federal Funding – AOC Melts Down on House Floor (VIDEO).
- Onlookers Burst Out Laughing When Pete Hegseth Completely Wrecks Elizabeth “Pocahontas” Warren After Hearing Her Embarrassing Question (VIDEO).
- Mazie Hirono Sounds Drunk as She Accuses Pete Hegseth of Getting Drunk at Work (VIDEO).
- HILARIOUS! Sen. Markwayne Mullin CALLS OUT Senators for Cheating on Their Wives and Showing up to Vote Drunk While Attacking Pete Hegseth for Alleged Affairs and Alcohol Abuse (VIDEO).
- Biden’s Final Foreign Policy Address: A Sad Attempt to Cement His Legacy.
- ABSURD: Prince Harry and Meghan Markle ‘Deeply Concerned’ by Zuckerberg’s Meta Ending Its Fact-Checking Censorship, Say the Move ‘Directly Undermines Free Speech’.
The Epoch Times:
- FBI, DOJ Delete Chinese Malware From Thousands of US Computers in Court-Authorized Operation.
- Biden’s 4 Years of China Policy, Explained.
- US Bans Imports From 37 Chinese Companies Over Uyghur Forced Labor.
Around X:
- @elonmusk
- BREAKING: 80% of federal government managers who voted for Harris said they will resist the efforts of the Trump administration, while just 1% said they will somewhat support him, according to a Napolitan Institute/RMG Research survey. The massive federal bureaucracy, an unconstitutional 4th branch of government, will do everything possible to thwart the will of the people!
- @TonySeruga
- Jose
Gerardo Escobar attempted to start a fire on January 10th, around 11:30
pm at Pioneer Park near the foothills of Azusa, California. GPS
connected Escobar with the accused propane torch arsonist Juan Manuel
Sierra-Leyva in the same immediate vicinity on 11 occasions. Both
men are associated with two foot soldiers of the Sinaloa cartel and a
number of border invasion facilitating NGOs. The corrupt media will
drive a narrative that Jose Gerardo Escobar was not connected to the
major fires, but that’s only because he got caught. We also connected a
third man who was subsequently arrested in Irwindale, California, on
Sunday for arson. Roughly 16 miles away from Altadena where the deadly
Eaton Fire continues to rage. (pic)
- @DavidJHarrisJr
- Video of a man lighting a fire near Melrose, California this morning. I hope President Trump opens a full investigation into this since we can't count on California's leadership! (video)
- @NickSortor
- #BREAKING: A new fire has been sparked in Jurupa Valley, east of Los Angeles Fire crews are working incredibly hard to contain this quickly, but the increasingly strong winds are making that VERY difficult. HEROES.
- @RealDrJaneRuby
- DONE! SWAP OUT YOUR "SMART" ELECTRIC HOUSE METER - IT'S EASIER THAN YOU THINK! People in LA now saying houses that were spared next to incinerated houses DID NOT HAVE SMART METERS.
- @WallStreetApes
- People need to hear this. “I'm from Ruidoso, New Mexico. This 2024 past summer, our town burned down” - One of the main fires was determined to be arson - They just shot a Hollywood movie there making it a new destination town - THEY’RE BUYING OUT THE PROPERTIES - All the people who are in the flood zone who weren't able to get insurance, they're offering to buy your land. “Currently our town HA is working with the USDA buyback program.” “These people's goal is to reshape the urban landscapes for profit. And this group identifies valuable land susceptible to fire wildfires, and they use shell companies to buy up the land after they've done the devastation.” How have we not heard more about this?? (video)
- Western North Carolina says they’re sleeping in the 16 degree freezing cold. “Good morning from snowy western North Carolina. — I woke up ill”. “This is 4 MONTHS post Hurricane Helene. People are still living in tents and cars. Please tell me how that's okay”. FEMA kicking them out of hotels, “People in hotel rooms, sponsored by FEMA that are getting kicked out in a day or two and they have nowhere else to go”. (video)
- @bennyjohnson
- @mattdizwhitlock
- President Trump is going to inherit a huge pile of from the failed Biden presidency. One of the worst? Seniors are facing the biggest Medicare drug premium spike in history this month because Democrats took money from the program to fund EV tax credits - then tried to cover it up until after the election. (video)
- @MJTruthUltra
- Oopsie… “We’re going to rebuild these communities back, and rebuild them better than they were when WE started this fire”.
That is the Director of LA County Public works, Mark Pestrella… Build
Back Better… when WE started these fires. Take this for what you will…
(video)
- @JamesOKeefeIII
- NEW ZUCKERBERG TAPES: LEAKED AUDIO of Rockefeller Foundation Staff Reveals @Facebook’s $500K Ad Credit Scheme to Boost Biden-Aligned COVID Health Narratives. (video)
- @BreakinNewz
- The FBI and DHS have issued a warning about a potential increase in vehicle-based terror attacks. This follows the deadly New Year's Day attack in New Orleans, which has raised concerns about copycat incidents. The agencies are urging the public to be vigilant and report any suspicious activity. (pic)
- @libsoftiktok
- BIG SCANDAL UNFOLDING IN CHARLEROI, PA. Rumors were circulating that there was a tuberculosis outbreak in Charleoi School District. The school called it fake news. Today they sent out a new notice that there was actually a kid with tuberculosis attending school without a doctor’s clearance. Charleroi had a 2,000% increase in their Haitian migrant population and the school system had a 1,800% increase in their schools, overwhelmingly their school system.
- @EndWokeness
- Biden-Harris implemented a plan to spend $1.3 billion to shoot 450,000 barred owls across Oregon to save spotted owls. Locals ask @DOGE to stop this. (video)
- @UpdateNews724
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 1,016,047 Reports(+2,606 from prior report) Through October 25, 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
Morning Preview Links
BOTTOM LINE: Asian indices are mostly higher, boosted by financial and industrial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 50% net long heading into the day.
- Asian equity indices are -.25% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 79.5 -2.5 basis points.
- China Sovereign CDS 58.75 -2.5 basis points.
- China Iron Ore Spot 100.6 USD/Metric Tonne +.3%
- Bloomberg Emerging Markets Currency Index 36.8 -.01%.
- Bloomberg Global Risk-On/Risk Off Index 74.2 +.5%.
- Volatility Index(VIX) futures 18.5 -.2%.
- Euro Stoxx 50 futures +.28%.
- S&P 500 futures +.04%.
- NASDAQ 100 futures +.10%.
BOTTOM LINE: Asian indices are mostly higher, boosted by financial and industrial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 50% net long heading into the day.