Bloomberg:
- Trump to Release Infrastructure Plan in January, Official Says. President Donald Trump plans to keep pushing his legislative agenda in 2018 by releasing his long-promised infrastructure plan in early January, a senior administration official said. Infrastructure advocates question whether a Republican-led Congress will be able to pass a spending plan with enough federal funding if it’s already approved a tax measure that official estimates say would bloat the budget deficit. Some say the administration missed its best opportunity to deliver a meaningful public works initiative by not incorporating it into the tax bill, which is nearing approval.
- The GOP Must Crack These Four Tax Bill Disagreements.
- Consumer Comfort in U.S. Advances to a 13-Week High.
- Hedge Funds, Beware: You Might Be Relying on Illegal Data Feeds.
Wall Street Journal:
- Jailed for a Text: China’s Censors Are Spying on Mobile Chat Groups. Authorities scour private chats on messaging apps for blacklisted words, sensitive images.
- Family Businesses Worry the Tax Overhaul Will Hurt Them. Grocery stores, small manufacturers and others say the new tax structure could put them at a disadvantage to big corporations.
- Ford(F) to Move Electric Car Production to Mexico, Tags U.S. Plant for Driverless Car. Auto maker plans to convert suburban Detroit factory into manufacturing hub for future driverless vehicles.
- Actually, Here’s Why Stocks Can Keep Going Up. Equities still offer a risk premium hard to find elsewhere.
- Value Stocks Over Growth Stocks? Fat Chance. Value stocks are at last trouncing growth shares. But it won’t last for long.
CNBC:
- Bitcoin trading on a traditional exchange begins Sunday night and some fear it is far from ready. (video)
- Billionaire Leon Cooperman: If Hillary Clinton had won the presidency, the US would be in a recession. (video)
- Sen. Cornyn signals GOP could tweak state and local deductions in final tax bill. (video)
- Apple(AAPL) is planning to launch a 6.3-inch iPhone with same screen as iPhone X: Report.
- Household wealth jumps to near $97 trillion, 72 percent higher than crisis level.
- Hedge fund billionaire Cooperman: The stock market is not overvalued yet. (video)
Zero Hedge:
- Bitcoin Rebounds After Exchange 'Break' - Novogratz "Not Close To The End Of The Speculative Phase".
- "Irresponsible, Unwarranted": Saudis Condemn Trump's Jerusalem Recognition, Warn Of "Serious Consequences".
- Crackdown Comes To Wall Street: Morgan Stanley Fires Harold Ford Jr Over Alleged Sexual Misconduct.
- Government On Verge Of Shutdown As Democrats Refuse To Support Stopgap Plan.
- Senator Al Franken Officially Confirms His Resignation In Senate Speech.
- Banks Issue Last Minute Warning About Risks Of Bitcoin Futures, Ask Regulator For Review.
- Challenger Shows Worst November For Job Cuts Since 2012. (graph)
- Precious Metal Pounding Continues - Silver Now Red For 2017.
- Hamas Leader Calls For Third Intifada Following Trump's "Declaration Of War".
- Unemployed Americans Are The Most "Comfortable" In 16 Years. (graph)
- CFPB Reportedly Funneled Billions Into "Secret Democrat Slush Fund", Consultant Claims.
- Largest Crypto-Mining Exchange Confirms It Was Hacked, $62 Million In Bitcoin Stolen.
- An Angry Senator Grassley Lashes Out At FBI, DOJ In Fiery Senate Floor Speech.