Tuesday Watch

Evening Headlines

Bloomberg:    

• China Tells Inefficient Firms to Toughen Up or Prepare to Fail.  
• Wall Street Steps Up Hiring in China, With Analysts in Demand.
• U.K. Businesses Plead for Help After Latest England Lockdown.
• A $13 Trillion Crisis-Era Debt Bill Comes Due for Big Economies.  
• Market’s Covid Angst Returns After Weeks of Being Tamped Down.
• Asia Stocks Dip on Virus Spike; Gold Holds Gains: Markets Wrap.  
• Oil Extends Losses After OPEC+ Talks Suspended Without Decision.
• New York State Reports First Case of U.K. Covid-19 Variant.  
• Day Trader Quickly Put to Test After End-Of-Year Buy Frenzy.  
• Jefferies’s Record Year Spurs Rethink of Work-From-Home Model.  
• Apple Leads Big-Tech Slump With Worst Drop Since November.

Wall Street Journal:

• U.K. Imposes Third National Lockdown Until Mid-February,
• Fed Had a Loan Plan for Midsize Firms Hurt by Covid. It Found Few Takers.
• Qatar Set to End Feud With Saudi Arabia,
• Iran Begins Enriching Uranium to 20% Purity.
• Saudis, Russia at Odds Over Boosting Oil Output Amid Covid-19 Pandemic.
• ‘No One Else Is Listening’: Readers Share Experiences With Long-Haul Covid,

Fox News:   

• EXCLUSIVE: Loeffler tells Fox how she'll vote in election certification.
• Trump lawyer rips Ga. Secretary of State Raffensperger for 'secretly' recording call.
• GOP looks to Trump to boost turnout, as Dems run up early vote tallies in Georgia.
  

CNBC.com:

• Airbnb gets skeptical Wall Street analyst calls after stock price more than doubled from debut.
• China’s state-owned enterprises face ‘much tighter credit,’ economist predicts.
• Haven, the Amazon-Berkshire-JPMorgan venture to disrupt health care, is disbanding after 3 years.
• California’s Covid numbers grow with hospitals swamped.

MarketWatch.com: 

• Economic recovery may be ‘uneven’ in 2021, but Fed policy can likely stay unchanged, Mester says.

Zero Hedge:

• FDA Admits PCR Tests Give False Results, Prepares Ground For Biden To "Crush" Casedemic.
• Snyder: The United States Has Become A Banana Republic.
• Over 70% Of Republican Voters Want Their Lawmakers To Be More Like Trump.
• Boris Johnson Imposes New National Lockdown Across England: Live Updates.
• Over 432,000 Votes Removed From Trump In Pennsylvania, Data Scientists Say.
• Trump 'Abruptly' Overruled Pentagon Chief On Carrier Pullout From Middle East.
• Cuomo Flip Flops, Threatens To Fine Hospitals For Not Meeting COVID Vaccination Targets.
• Cruz: Google Is The "Most Dangerous Company On The Face Of The Planet".
• Two Decades Of Airline Passenger Traffic Wiped Out In 2020.
• National Guard Activated to Help Support Police During Pro-Trump Protests.
• Why There Is Literally No "Cash On The Sidelines".
• Hedge Funds are all in into this sell-off.
• 230 Google Workers Form Silicon Valley's First Union To Force Management To Embrace Their Progressive "Values".
• "Look Out Below": Carl Icahn Issues Major Warning On Markets, Warns Rally Will End In "Painful Correction".
• What's Behind Today's Sudden Selloff: The Answer Lies In Georgia.

Newsmax:

• Lawmakers Urged to Use Tunnels as Election Debate Raises DC Temperature.
• Rep. Biggs: Arizona's Objection Will Be Led by Rep. Gosar.

@kylenabecker:

• GEORGIA. "We only need 100 Chinese votes this time to... make Brad a victory. He will represent our voice..." If the media is so interested in listening to audio, here's Brad Raffensperger begging for Chinese votes... he even speaks Mandarin!

TheGatewayPundit.com:

• Congress Approves Rules for Wednesday’s Vote on Electoral College Vote Count Claiming Majorities In Both Chambers to Uphold a Challenge.
• Did Ted Cruz Just Pull a Head-Fake on Challenging Fraudulent Election Results?
• Senator Kelly Loeffler Will Object to Certification of the 2020 Election Results.
• EXCLUSIVE: Hunter Biden Maintained a Diary on His Laptop and It’s Full of Just Horrible Stuff.
• BREAKING: Fulton County Georgia Ballot Inspection Hearing Subverted – Georgia Stalling to Prevent Forensic Review of Suspected Fraudulent Absentee Ballots.

The Epoch Times:

• Jack Ma’s Disappearing Act Fuels Speculation About Billionaire’s Whereabouts.
• Chinese Citizens Find More COVID-19 Cases Than Officially Reported as Doctor Suspects New Variant Emerging.

American Spectator:

• Can Georgians Be Foolish Enough to Vote for a Hate-Filled Lying Phony Like Warnock?

Washington Times: 

• Ossoff's China ties compound Democratic Party's Hunter Biden, Swalwell woes. The Perdue campaign connected the dots in a digital ad with news clips of critics, including Sen. Marsha Blackburn, Tennessee Republican, raising concerns about Mr. Ossoff’s company receiving payments from PCCW Media, which is owned in part by China Unicom, a Chinese state-run telecommunications provider.

Geller Report: 

• LOOK Who Owns Dominion Voting Systems: Politically Motivated PRIVATE Equity NY Hedge Fund.

The Atlantic:

• The End of the Filibuster—No, Really. Many activists will not tolerate a Democratic-controlled Senate that allows Republicans to block legislation next year.

Politico:

• AOC Lays Out Progressive Wish List for Biden.

Glenn Beck:

• Elizabeth Warren’s ‘progressive wish list’ will destroy America. (video)

Daily Caller:

• Trump Urges Supporters Not To Boycott Georgia Senate Elections. President Donald Trump urged his supporters not to boycott the upcoming runoff Senate elections in Georgia on Friday, saying a boycott would be “playing right into the hands” of Democrats.
  

NTD News:

• "A lot of people, friends of mine, say, let's not vote... But if you do that, the radical left wins. ... You're angry because so many votes were stolen, it was taken away...If you don't vote, the socialists and the communists win"—Trump rallies for Perdue and Loeffler. (video) 

ProtectTheVote.com: 

• Serious allegations of misconduct in the 2020 elections have resulted in unprecedented legal action to ensure our elections are -- and remain -- free and fair. Find out where we’re exposing fraud and how you can help.

HereIsTheEvidence.com:

• This is for aggregating publicly available items of voter fraud evidence in the US election that would be admissible in court.
  

Digital Blackboard:

• Daily New Cases by Region.

Worldometer:

• New Cases/Deaths by state.

Rt Covid-19:

• How fast virus is growing by state.

KFF:

• State Data(Tests/Hospitalizations).

Night Trading 

• Asian equity indices are -.75% to +.25% on average.

• Asia Ex-Japan Investment Grade CDS Index 56.75 +.75 basis point.

• China Sovereign CDS 28.75 +.75 basis point.

• Bloomberg Emerging Markets Currency Index 62.95 +.06%.
• Bloomberg Global Risk-On/Risk Off Index 1,172.0 +18.0 points.
• Volatility Index(VIX) futures 27.0 -.46%
• FTSE 100 futures -.16%.

• S&P 500 futures +.24%.

• NASDAQ 100 futures +.22%.

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• None of note
  

After the Close:

• None of note
  

Economic Releases

10:00 am EST

• ISM Manufacturing for Dec. is estimated to fall to 56.8 versus 57.5 in Nov.
  

Afternoon:

• Wards Total Vehicle Sales for Dec. is estimated to rise to 15.8M versus 15.55M in Nov.

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The GA special Senate election, weekly US retail sales reports and the Eurozone Retail Sales report could also impact trading today.

Market Hours
Normal:

• 9:30 am - 4:00 pm EST
  

BOTTOM LINE: Asian indices are mostly lower, weighed down by industrial and financial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.