Evening Headlines
Bloomberg:
- End of Covid Zero Threatens to Overwhelm China With Infections.
- China’s Carbon Market Falls Far Short of Making a Climate Impact.
- UK Rents Rose Twice as Fast as Wages in the Past Year.
- Asian Stocks Climb With Focus on Inflation Data: Markets Wrap.
- Oil Set for Steep Weekly Loss as Slowdown Concerns Loom Large.
- JPMorgan, Charles Schwab Wary of Complacency in Credit Markets.
- Tesla to Shorten Shanghai Factory Shifts, Delay New Hires.
- Tesla's Troubles Pile Up While Musk Is Distracted With Twitter.
- US Questions Automakers in Probe of Potential Air-Bag Explosions.
- Trump Among Five Targets as Jan. 6 Panel Weighs Criminal Referrals.
- FTC Seeks to Block Microsoft’s $69 Billion Activision Deal.
- NY Times Staffers Become News With First Walkout in Four Decades.
Wall Street Journal:
- SEC Asks Public Companies to Detail Crypto Exposure.
- Americans Are Missing Out on Billions in Interest.
- The Housing Slowdown Is Wreaking Havoc on the Short-Term Rental Market.
- Foxconn Letter Prodded China to Ease Zero-Covid Rules.
- How to Survive the Next Market Crash.
- Three New Yorkers Ordered Cocaine From the Same Delivery Service. All Died From Fentanyl.
- Sam Bankman-Fried Says He Can’t Account for Billions Sent to Alameda.
- Federal Officials Trade Stock in Companies Their Agencies Oversee.
Fox News:
CNBC.com:
- FTC sues to block Microsoft’s acquisition of Activision Blizzard.
- House Financial Services doesn’t plan to subpoena Sam Bankman-Fried to testify at hearing on FTX.
- Lululemon shares fall after company offers weak holiday quarter guidance.
- Stocks making the biggest moves after hours: Lululemon, Costco and more.
MarketWatch:
Zero Hedge:
- Ignore The Pundits, Don't Expect Big Declines In The Price Of Rent.
- Russia Releases 1st Footage Of Griner, Bout Prisoner Swap.
- House Passes Record $858 Billion Defense Policy Bill.
- Remote-Work Revolution Has Wiped Out $453 Billion In Commercial Real Estate Value.
- The Ongoing COVID Deceptions: How Ruling Elites Lied About Masks And Mask Mandates.
- Xi Inks Tens Of Billions In Deals With Saudis, From Huawei Cloud-Computing To Expanded Military Ties.
- State Attorneys General Say FedEx And UPS Help Feds Track Gun Sales.
- Project Veritas: Chicago Dean Brags About Giving Underage Students Sex Toys During Pride Month.
- Around 450,000 Homebuyers Are Now Underwater As 'Early' FHA Delinquencies Hit 2009 Levels.
- Porch Pirates Awash In Holiday Booty As Online Sales Top Records.
- Loudoun County School Board Fires Superintendent Over What Grand Jury Says Is 'Stunning Lack Of Openness'.
- DeSantis Raises $59 Million For Florida Hurricane Relief, Says Biden Denied Funds.
- US stocks gained with mild relief on a catalyst-lite session ahead of next week's plethora of key events - Newsquawk Asia-Pac Market Open.
- Texas Issues Subpoena To BlackRock For Pushing ESG Agenda.
- The Likelihood Of "Something Bad" Happening To Elon Musk Is High, According To Musk.
- Stocks and yields recover in quiet, pre-risk event trade - Newsquawk US Market Wrap.
- Crude Crushed As Jobs Data Signals Imminent US Recession.
Newsmax:
TheGatewayPundit.com:
- Ukraine Debt Relief Included in US Defense Bill Approved by US House – 176 Republicans Vote for the Bill.
- (VIDEO) TGP’s Jordan Conradson Joins Kari Lake To Discuss HUGE 9TH CIRCUIT WIN Against Maricopa County And Upcoming Election Lawsuit.
- House Passes Bill to Codify Same-Sex Marriage – Measure Heads to Biden’s Desk.
- Katie Hobbs Directs Arizonans to “Monitor Election Speech” Less than a Week After She Was Caught Working with Twitter to Silence Conservative Speech Online.
- CORRUPTION: Biden Bailing Out Central States Pension Fund After Government Told Them Not to Cut Benefits.
- Tucker Carlson Interviews Mom Who Raised Concerns Over Sexual Poster in Elementary School, Had Police Called on Her By High Ranking Military Official.
- Biden Climate Czar John Kerry Says American Taxpayer Money Should be Used to Pay Other Countries Climate Reparations (VIDEO).
- Former Marine Still Detained In Russia “Disappointed” Biden Admin Hasn’t Done More To Secure His Release – “I Don’t Understand Why I’m Still Sitting Here”.
- Joe Biden Turns His Back on Reporters, Ignores Questions About the Griner Swap For “Merchant of Death” (VIDEO).
- 6-Year-Old Canadian Kid Suddenly Dead After Suffering “Massive Stroke” – Doctor Diagnosed her with “Myocarditis due to the Flu”.
- Sen. Ron Johnson Hosts Historic Round Table Discussion on COVID Vaccines with Prominent Doctors Including Drs. McCullough, Malone, Cole, Risch, and Others.
- Celine Dion Cancels All 2023 Shows, Reveals She Has Rare, Incurable Neurological Disease (VIDEO).
- Mattel’s “American Girl” Publishes Book Pushing Puberty Blockers, Gender Transitioning To 3-12 Year Olds.
Twitter:
- @stoolpresidente - Rant Alert - SBF Will Not Be Subpoenaed To Testify Regarding FTX Collapse? (video)
- @bariweiss - THREAD: THE TWITTER FILES PART TWO. TWITTER’S SECRET BLACKLISTS.
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 903,327 Reports(+2,295 from prior week) Through November 25th, 2022.
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 -.25% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 133.0 -1.0 basis point.
- China Sovereign CDS 75.25 -1.0 basis point.
- China Iron Ore Spot 109.5 USD/Metric Tonne +.4%.
- Bloomberg Emerging Markets Currency Index 47.89 +.12%.
- Bloomberg Global Risk-On/Risk Off Index 46.2 -.3%.
- Bloomberg US Financial Conditions Index -.66 +2.0 basis points.
- Volatility Index(VIX) futures 24.7 unch.
- Euro Stoxx 50 futures +.08%.
- S&P 500 futures -.08%.
- NASDAQ 100 futures -.10%
Earnings of Note
Company/Estimate
Before the Open:
- None of note
After the Close:
- None of note
Economic Releases
8:30 am EST
- PPI Final Demand MoM for Nov. is estimated to rise +.2% versus a +.2% gain in Oct.
- PPI Ex Food and Energy MoM for Nov. is estimated to rise +.2% versus unch. in Oct.
- PPI Final Demand YoY for Nov. is estimated to rise +7.2% versus an +8.0% gain in Oct.
10:00 am EST
- Wholesale Trade Sales MoM for Oct. is estimated to rise +.3% versus a +.4% gain in Sept.
- Univ. of Mich. Consumer Sentiment for Dec. is estimated to rise to 56.9 versus 56.8 in Nov.
- Univ. of Mich. 1Y Inflation Expectations for Dec. is estimated at +4.9% versus +4.9% in Nov.
12:00 pm EST
- 3Q Household Change in Net Worth.
Upcoming Splits
- None of note
Other Potential Market Movers
- The China inflation data could also impact global trading today.
- 9:30 am - 4:00 pm EST
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