Around X:
- @Business
- Vigils in Australia and across the world have marked the Bondi Beach massacre of Jews celebrating Hanukkah, an attack that’s fueled pressure for tougher gun laws and mounting anger within the Jewish community.
- A gofundme page for the bystander who tackled and disarmed one of the Bondi Beach shooters is nearing $2 million after his bravery won praise from US President Trump and hedge fund billionaire Bill Ackman.
- Shock over a shooting rampage at Brown University over the weekend is giving way to frustration over the lack of video footage and suspects.
- Nasdaq, the second-largest exchange in the US, is looking for regulatory approval to extend trading hours on its stock venues to 23 hours during the work week.
- Madison Air filed confidentially for a US IPO, a signal that more industrial companies are joining the pipeline to go public in the new year.
- The queue for power-intensive customers looking to tap into New York’s energy grid has surged as the boom for AI and growth in large-scale manufacturing drive electricity demand, according to one of the state’s utility providers.
- UPS will invest $120 million in 400 robots used to unload trucks, according to sources, revealing new details on the logistics giant’s $9 billion automation plan.
- Get up to speed on what's moving global markets.
- Here's what you need to know to start your day.
- @ZeroHedge
- Clinton Judge Orders Destruction Of Key Evidence In Case Against James Comey.
- November Jobs Preview: "The Asymmetry Is Towards A Negative Surprise".
- Access To Electricity Is Holding Back Growth Across The Global Economy.
- Supertankers Bound For Venezuela Make U-Turns, Fearing US Interdiction, As PDVSA Hit By Cyberattack.
- Update: “Several media outlets quoted students and other witnesses saying that the shooter yelled ‘Allahu Akbar’ before opening fire in the building.” Waiting for official confirmation…
- Image from Mars vs Image from Providence Rhode Island surveillance footage of Brown University shooter. (pic)
- JUST IN: Police release new surveillance footage of a person of interest in the Brown University shooting. The man is seen in dark clothing with a mask over his face. Special agent in charge of the FBI Boston office Ted Docks says they are now offering a $50,000 reward for information leading to the arrest of the gunman. Docks says the gunman should be considered armed and dangerous.
- 10 Major Laws Taking Effect In California In 2026.
- National (Energy) Security Strategy.
- The Evidence Is Clear: Masks Don't Do Anything...
- Free And Fair?
- Crypto Carnage Continues, Bonds & Stocks Mixed Ahead Of Catalyst-Heavy Week.
- @CNBC
- CNBC Daily Open: Debt worries continue to weigh on AI-related stocks.
- Analysts say a luxury eyewear giant could be the next AI winner.
- Asia-Pacific markets set for mixed open as AI sell-off on Wall Street continues.
- Tuesday's big stock stories: What’s likely to move the market in the next trading session.
- Stock futures are little changed as traders await payrolls report: Live updates.
- Tesla stock closes at 2025 high after Musk confirms driverless Robotaxi tests underway in Austin.
- New Trump tariffs collection hits $200 billion, Customs says.
- Ford to record $19.5 billion in special charges related to EV pullback.
- @WSJ
- Union membership in the U.S. is in steep decline. Two experts debate whether a revival is possible.
- American fans of former New Zealand prime minister Jacinda Ardern imagined her a moderate. A new documentary leaves no doubt that she’s a creature of the progressive left.
- The manhunt for the gunman in Saturday’s deadly shooting at Brown University has stretched into a third day, with police sharing new footage of a potential suspect.
- A “terrifying” new era of warfare is forcing America to rethink its tools and tactics as it prepares for great-power conflict with China.
- The wealthy have a whole other stock market—and you’re not invited.
Night Trading
Morning Preview Links
BOTTOM LINE: Asian indices are lower, weighed down by technology and commodity shares in the region. I expect US stocks to open modestly lower and to maintain losses into the afternoon. The Portfolio is 25% net long heading into the day.
- Asian equity indices are -1.5% to -.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 65.25 +.75 basis point.
- China Sovereign CDS 42.75 -.24 basis point.
- China Iron Ore Spot 102.6 USD/Metric Tonne +1.1%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.85 -.02%.
- Bloomberg Emerging Markets Currency Index 36.15 -.01%.
- Bloomberg Global Risk-On/Risk Off Index 93.6 -.8%.
- US 10-Year Yield 4.16% -1.0 basis point.
- Japan 30-Year Yield 3.37% unch.
- Volatility Index(VIX) futures 18.9 +1.7%.
- Euro Stoxx 50 futures -.54%.
- S&P 500 futures -.52%.
- NASDAQ 100 futures -.79%.
BOTTOM LINE: Asian indices are lower, weighed down by technology and commodity shares in the region. I expect US stocks to open modestly lower and to maintain losses into the afternoon. The Portfolio is 25% net long heading into the day.