Evening Headlines
Bloomberg:
- Biden Is Left Guessing Over Putin’s Ultimate Aim Against Ukraine.
- Why War With Taiwan Would Be a Huge Gamble for China’s Xi.
- Australia Joins Diplomatic Boycott of Beijing’s Winter Olympics.
- Evergrande Restructuring Puts Onus on Xi to Limit Contagion.
- List of Chinese Developers Warning on Debt Grows With Aoyuan .
- Japan GDP Shrinks More Than First Reported as Shoppers Pull back.
- Stocks in Asia Track U.S. Up as Virus Fears Ease: Markets Wrap.
- Oil Steadies After Two-Day Rally as Report Signals Cushing Gain.
- Pursuit of Wealth, China Trade, Japan’s Covid Aid: Eco Day.
- AmEx Sees Holiday Spending Soaring as Omicron Fails to Bite.
- The Anti-Work Brigade Is Coming for Amazon.
- Congress Agrees on Debt-Ceiling Deal, Sidestepping Default Risk.
- After Dramatic Testimony, Maxwell Prosecutors to Rest Case Early.
- Toll Brothers Beats Estimates on Orders, Increases Home Prices.
- Risk Appetites Revitalized in Supercharged U.S. Equities Rebound.
Wall Street Journal:
- Amazon Unsettles Labor Markets.
- Voters Pessimistic About Economy, Biden’s Leadership, WSJ Poll Finds.
- Sen. Joe Manchin Holds Back Support for Social-Spending Bill.
- Lawmakers Close In on Debt-Ceiling Deal.
- Stuck at Port for 54 Days: How One Ship’s Delays Hurt Small Businesses.
- Biden’s Supreme Court Packers Pack Up. Their report on adding Justices puts the issue in the President’s court.
- Supply-Chain Snags Likely to Persist, Three CEOs Say.
- EPA Trims Ethanol Mandate for Gasoline as Biofuel Pressures Pump Prices.
- BlackRock to Pull $2 Trillion in Assets From State Street.
Fox News:
- Biden admin publicly jabs progressives after their comments about crime spree come under heavy fire.
- California state, federal politicians silent after AOC doubts existence of smash-and-grab robberies.
- Left's philosophy on crime is on full display in blue states as Democrats promote 'chaos': Pavlich.
CNBC.com:
- Tech IPOs have been a bad bet in 2021 — all but one are in bear market territory.
- Amazon Web Services outage brings some delivery operations to a standstill.
- Stitch Fix shares crater as retailer cuts forecast, despite topping earnings estimates.
- Ford is doing ‘whatever it takes’ to double production capacity for electric F-150 pickup, says CEO.
- Under-the-surface market checks suggest sell-off worse than it appears. Why that’s a good thing.
- Stocks making the biggest moves after hours: Stitch Fix, PagerDuty, Dave & Buster’s and more.
Zero Hedge:
- China Says US Trying To "Disrupt" Beijing Winter Olympics, Vows Retaliation.
- CNN's Don Lemon Allegedly Tipped Off Jussie Smollett During Police Investigation.
- Hundreds Of Mathematicians, Scientists, Sign Open-Letter Against Social-Justice-Based Curriculum.
- McConnell Hits Resistance From GOP Over Debt Deal.
- Pfizer CEO Worried Omicron Might Open Door For More Mutant Strains.
- DB: Is The World Learning To Live With The Virus?
- The Great Realignment: Countless More Americans Will Be Moving From Blue States To Red States In 2022.
- Canada Ditches Moderna Booster For Pfizer Over Myocarditis Risk In Young Men.
- Biden Agreed To Putin's Request For Future Talks On Halting NATO Eastward Expansion: Kremlin.
- Watch: Psaki Snaps When Pressed On Hunter Biden's 'Laptop From Hell'
- When Idiocy Becomes Hardwired.
- Pfizer Vaccine Less Effective Against Omicron Than Beta Variant, South Africa Study Reveals.
- "No Longer Tenable" - Biden's Marxist 'Lenin Award'-Winning Banking Pick Pulls Out.
- WTI Holds Gains After Bigger Than Expected Crude Draw.
- Omicron Study Scare Stuns 'Face-Ripping' FOMO Short-Squeeze.
TheGatewayPundit.com:
- MUST SEE VIDEO: Greene, Gaetz, Gohmert, and Gosar Release “Unusually Cruel” Report on DC Jail and Unusual and Cruel Treatment of J6 Defendants.
- J6 Attorney: Undercover Law Enforcement Officer Passed Out Weapons to J6 Protesters Who Were Later Arrested – Clear Entrapment (VIDEO).
- WATCH: Leaked Video Shows Boris Johnson’s Spox Laughing About Christmas Party That Took Place Amid Covid Lockdown.
- No Jab, No Food: Canadian Province Imposes New Regulations to Ban Unvaccinated from Grocery Stores.
- Report: Rockwood School District Admits to Calling the FBI on Parents …UPDATED: With Response from Rockwood School District.
- At Least 3 Children Die and 120 Hospitalized in Vietnam After Receiving Pfizer COVID-19 Vaccine – 4 Adults Die from Vero Cell Covid Vaccine.
- BREAKING: Trump-Appointed Judge Blocks Biden’s Vaccine Mandate For Federal Contractors Nationwide.
OpenVAERS:
- VAERS COVID Vaccine Adverse Event Reports. 672,372 (US) Reports Through November 26, 2021.
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.
Covid-19(Data, Maps, Graphs):
- Our World in Data: New Global Covid-19 Cases(7-day rolling average graphs). New US Covid Hospital Admissions/ICU Admissions/Deaths
- FT.com: Fully Vaccinated by Country(graph). Global Lockdown Stringency Index(map).
- Bloomberg.com: International Travel Restrictions. Case Graphs by State.
- NYTimes.com: County Trends and Clusters. Local ICU Occupancy.
- Brown School of Public Health: Covid Severity by State/County(map). US Hospital Capacity(region).
- CovidActNow: Covid Severity/Infection Rate by Metro Area.
- KFF: US Vaccinations by Race/Ethnicity.
- Carnegie Mellon: Covid-Like Symptoms in Community. Covid Symptom Searches on Google. Covid-Related Dr.Visits. Restaurant Visits. Wearing Masks. (graphs)
- Safegraph.com: Commerce Patterns(graphs).
Night Trading
Morning Preview Links
Earnings of Note
Company/Estimate
- Asian equity indices are +.5% to +1.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 88.0 -4.0 basis points.
- China Sovereign CDS 48.0 -3.75 basis points.
- Bloomberg Emerging Markets Currency Index 53.71 -.03%.
- Bloomberg Global Risk-On/Risk Off Index 2,436.0 +8.0 points.
- Volatility Index(VIX) futures 24.0 -.6%.
- Euro Stoxx 50 futures +.05%.
- S&P 500 futures +.21%
- NASDAQ 100 futures +.31%.
Earnings of Note
Company/Estimate
Before the Open:
- (BF/B)/.53
- (CPB)/.81
- (KFY)/1.37
- (PLAB)/.25
- (THO)/3.19
- (UNFI)/.60
- (VRA)/.26
- (WEBR)/-.18
After the Close:
- (GME)/-.52
- (OXM)/.29
- (RH)/6.59
Economic Releases
10:00 am EST
- JOLT Job Openings for Oct. is estimated to rise to 10469K versus 10438K in Sept.
10:30 am EST
- Bloomberg consensus estimates call for a weekly crude oil inventory decline of -1,169,100 barrels versus a -909,000 barrel decline the prior week. Gasoline supplies are estimated to rise by +1,398,110 barrels versus a +4,029,000 barrel gain the prior week. Distillate inventories are estimated to rise by +541,110 barrels versus a +2,160,000 barrel gain the prior week. Finally, Refinery Utilization is estimated to rise by +.49% versus a +.2% gain prior.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Bank of Canada Decision, weekly MBA Mortgage Applications report, (EW) investor conference, ROTH Consumer Conference, (LUV) investor day and the (MCK) investor day could also impact global trading today.
- 9:30 am - 1:00 pm EST
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