Early Global News

Your First Read of the Day

Early Global News: Saturday December 15th, 2018

Early Global News

Saturday December 15th, 2018


Mounting legal threats surround Trump as nearly every organization he has led is under investigation  Washington Post

Trump says Interior’s Zinke to step down at end of year  Channel NewsAsia

Schedule for Week of December 16, 2018  Calculated Risk


GTN  Gray-Raycom merger wins U.S. antitrust approval, with conditions  “…would require Gray Television Inc and privately held broadcaster Raycom Media Inc to divest broadcast stations in nine markets as a condition for their $3.6 billion merger”  Reuters

EFX  Equifax® Canada Acquires JLR Inc., a Leading Property Knowledge Company  Press Release

AMZN  Hundreds March on Amazon Fulfillment Center in Minnesota  Gizmodo

AMZN WMT  Amazon and Walmart add more robots, but insist they won’t terminate jobs  “Companies like Amazon and Walmart say their automation efforts will lead to new jobs, but critics worry about the humans who could be phased out.”  Fast Company

AMZN ORCL  Amazon joins Pentagon in defense against Oracle suit over procurement for $10B cloud contract  Business Journals

WYNN  Wynn Resorts announces changes to senior executive team  Reuters

Starbucks gets closer to customers with virtual store  “”This new milestone in the Starbucks digital strategy will significantly fuel our capability to provide an even more personalized and enticing one-touch digital experience for Chinese consumers, while extending the accessibility of our digital innovations into the everyday lifestyle rituals of our customers.”  China Daily

HOTH  Eczema biotech Hoth Therapeutics decreases proposed IPO deal size  “The New York, NY-based company now plans to raise $8 million by offering 1.3 million shares at a price range of $5.50 to $6.50. The company had previously filed to offer 1.8 million shares at the same range. At the midpoint of the range, Hoth Therapeutics will raise 29% less in proceeds than previously anticipated. “  Nasdaq

WTFC  Wintrust Acquires Chicago Deferred Exchange Company  Press Release

NTDOY  Nintendo warns it won’t make more retro NES and SNES consoles  Engadget

Friday’s story  INTC  Intel, TPG in early talks to sell McAfee to Thoma Bravo: source  Reuters

Stake Changes

SFTBY  Brokerages scramble on tepid investor response over SoftBank IPO  “Share subscriptions are alarmingly short of those for Mercari and Japan Post”`  Nikkei

LBC  Luther Burbank Corporation Announces Systematic Repurchase Plan  Press Release

TEL  TE Connectivity board approves additional $1.5 billion share repurchase and recommendation to raise annualized dividend to $1.84 per share  

Fact  Deloitte Board Nominates New U.S. CEO to Replace Cathy Engelbert  “Board has selected Joseph Ucuzoglu as its candidate for CEO and Janet Foutty to be U.S. chairman, according to an email to Deloitte partners”  WSJ

Pharmaceuticals Healthcare

Federal judge rules Obamacare unconstitutional  Reuters

JNJ  Parents urged to avoid talc after baby powder scare  NY Post

No immediate health coverage changes from Obamacare ruling: government  Reuters

Opinion  Flu shots tied to lower risk of premature death with heart failure  Reuters

Politics  Obamacare ruling delivers new shock to health system  “The decision could scuttle some of Trump’s own reforms.”  Politico

3:39m Friday  ROG.SW TEVA  FDA approves Celltrion’s biosimilar to Roche’s Herceptin  Reuters

Military Surveillance

OSIS  Spacelabs Healthcare wins $450 mln U.S. defense contract -Pentagon  Reuters

TXT  Textron Inc., New Orleans, Louisiana, is awarded a $314,288,369 modification to previously awarded letter contract  Department of Defense

At least 20 Afghan civilians killed in airstrike: officials  Reuters

SAP  Brazilian IT firm Tivit suffers data leak  ‘Phishing attack caused exposure of data from 19 clients such as ERP firm SAP and insurance company Zurich.”  ZDNet

Drones Robots

Rise of the Machines: Here’s how much robots and A.I. progressed in 2018  Digital Trends

Drone 50ft from hitting plane at Stansted  BBC World News


Facebook Audience Network Joined Google’s Open Bidding Program  “Support was extended to in-app ads in June”  Adweek

Facebook fractures its secretive hardware division  The Verge

Travel Hotel

BA EADSY  Boeing opens first 737 plant in China amid US-Sino trade war  “Boeing Co opened its first 737 completion plant in China on Saturday, a strategic investment aimed at building a sales lead over arch-rival Airbus…”  Reuters

Richard Branson Says He Will Travel to Space in Mid-2019, With Tourists to Follow Soon After  Fortune

CPCAY  Oneworld confirms it has sounded out China Southern Airlines to join the alliance, potentially giving Cathay Pacific regional competition  “Rob Gurney, CEO of the air carrier’s alliance, tells the Post it has spoken to the mainland Chinese airline, but formal talks have yet to take place”  South China Morning Post

HA  Southwest CEO expects to begin Hawaii flights this winter  Business Journals

United Airlines rival debuts nonstop flight to European destination at SFO  Business Journals

Hyperloop startup Arrivo is shutting down as workers are laid off  The Verge

EWS EWM  Singapore’s SE Asian airport hub ambition lies behind spat with Malaysia  “Plans to boost capacity of little-known airport spark backlash by Kuala Lumpur”  Nikkei


TSLA  Tesla Opens Up Model 3 Ordering To European Reservation Holders  Clean Technica

FWB: BAS  BASF is working to make darker cars more visible to lidar – Roadshow  “The chemistry giant is changing the way paint is formulated to only eliminate materials that absorb lidar and make the paints highly reflective to that part of the electromagnetic spectrum.”  Cnet

Paraguayan judge refuses to halt Uber and clone company MUV – battle with taxis continues  MercoPress

GM  GM says it has 2,700 jobs available for workers slated to be laid off  Autoblog

You no longer need a car to drive for Uber  Business Journals

TSLA  Tesla is releasing its fleet vehicles for sale to help deliveries before tax credit phase-out  Electrek

DMLRY MMTOF  Mitsubishi Motors re-enters tie-up with Daimler after 13 years  “Japanese automaker will join Nissan and Renault for 4-way partnership for future technology”  Nikkei


Apple lied about iPhone X screen size and pixel count, lawsuit alleges – CNET  Cnet

Now most children aged eight have their own ‘smart’ device  Eirland  Irish Independent

Apple wins Bid for all-new “Peanuts” Cartoon Content to Teach Kids about NASA and STEM  Patently Apple

Energy Commodities

PCG TSLA  Tesla’s new Megapack to debut at giant energy storage project in California  Electrek

ICOL  Colombia tribunal suspends awarding of mining licenses, government to appeal  “A Colombian tribunal ordered the government on Friday to suspend the awarding of mining licenses until it establishes protected areas…”  Reuters

PCG  California regulator opens case against PG&E for falsifying pipeline safety records  Reuters

Oil Rigs Declined Slightly, More Expected  Calculated Risk

OPEC has shown it can reach deal despite splits: Iran oil minister  Reuters

Motiva preliminarily picked to run Curacao refinery: report  enezuela  Reuters

USO EWW  Mexico targets oil output of 2.6 mln bpd by end-2024 – Pemex  Reuters

Imperial Metals hires BMO to speed up restructuring – sources  Creamer’s


VEDL  Indian court sets aside state government order to shut down Vedanta copper smelter  Reuters

First Quantum Minerals to cut over 1,000 jobs at Zambia mine  Reuters


EWQ  Strong police presence in Paris before planned ‘yellow vest’ protests  “The Latest: 7th protester dies in France in road accident”  Washington Post

Euro falls on disappointing French and German economic prospects  The dollar  MercoPress

Europe must fight illiberal forces, Draghi warns  Reuters


China wants to be relevant, not dominant  China Daily

Huawei CFO ‘unlikely’ to be extradited  Global Times

China should defend the yuan at 7 to the US dollar, central bank adviser says  “China should not allow the yuan to fall below 7 to the US dollar or attempts to stabilise the currency will become more costly on the country’s foreign exchange reserves, an adviser to the People’s Bank of China said on Saturday.”  South China Morning Post

Home price growth slows in China as sentiment turns bearish  “Average new home prices in China’s 70 major cities rose 0.9 per cent in November from a month earlier, slower than the previous month’s 1 per cent and the weakest since September, Reuters calculations based on an official survey showed on Saturday.”  Reuters via South China Morning Post

Fact  China jails boss of 100 billion yuan pyramid scheme for inciting protests  Reuters


EWT  Weakness in export orders expected to continue into Q1  “…export orders received by Taiwanese firms are expected to continue weakening into the first quarter of next year…”  Focus Taiwan

EWT  Bank loans to 2 financially troubled firms hit NT$16.9 billion: FSC  Focus Taiwan

Seven dead as Indian police fire on Kashmir protesters  Pakistan  Channel NewsAsia

Indonesia is heating up as an IPO destination for startups  Tech in Asia

THD EWJ  Sino-Japanese cooperation thrown off track over Thai rail project  “Fearing losses, private contractors unwilling to follow Tokyo’s lead”  Nikkei

US ‘in no hurry’ over North Korea nuclear negotiations: Trump  AFP

Politics  Sri Lanka Prime Minister announces resignation  Axios

Russia Ukraine

RSX PYPL  PayPal shuts crowdfunder’s account after alt-right influx  Financial Times

Captain of Ukrainian ship arrested in Russia declares himself prisoner of war – lawyer  TASS

Putin says rap should be controlled in Russia, not banned  Boston

Ukraine Su-27 fighter crashes, pilot killed – statement  Reuters

Middle East

Qatar foreign minister says Gulf Arab bloc ‘has no teeth’  “…said on Saturday that regional alliances need to be reshaped and new governance principles need to be put in place.”  Reuters

Western tourists trickle into Saudi Arabia as it tries to open up  “”Just forget the politics and you can relate to people all over the world,” he said. “That applies to Saudi Arabia, too.”  Channel NewsAsia

Qatar says counts on Kuwait, others to revive Gulf Arab bloc  Reuters

Australia recognizes West Jerusalem as Israel’s capital but embassy not moving yet  Reuters

Politics  Romania says EU working on conference to help solve Gulf crisis  Reuters

Isis Terror

Hamas displays apparent truck-mounted rockets at parade to mark its founding  Times of Israel

Nigeria lifts UNICEF suspension hours after accusing staff of spying for Islamists  Reuters

Climate Change

BAYRY  Climate change is paving the way for shock-proof seeds  Economic Times of India

EPA’s Own Data Refutes Justification for Clean Water Act Rollback  The Intercept

Water shortages ahead? Sierra Nevada snow pack on track to shrink 79 percent, new study finds  The Mercury News

Linger  U.N. climate talks go into overtime as negotiators grapple with text  Reuters

Medical Marijuana

Iowa Considering Two More Qualifying Conditions for Medical Marijuana Program  High Times

Letters From a Pot Prisoner: Mario Ramos is Proof that Cannabis isn’t ‘Legal’  High Times

Utah to impose nation’s strictest DUI limit  The Hill


$1 Billion a Month: The Cost of Trump’s Tariffs on Technology  Consumer Technology Association

Investment chiefs fret over high debt and liquidity crunch  Financial Times

Small-cap S&P 600 index confirms bear market  Reuters


Trump picks Mulvaney as chief of staff – for now  Reuters

North Carolina Republican says he hired consultant at heart of fraud probe  “If North Carolina authorities find sufficient evidence of fraud to cast doubt on the result, they could order a new election.”  Reuters

Challenging judges’ orders, Trump aims to enlist Supreme Court  “President Donald Trump’s administration asked the U.S. Supreme Court this week to suspend nationwide orders by federal judges blocking two of his major policies in an unusual step but one in line with an aggressive White House litigation strategy.”  Reuters

North Carolina governor vetoes photo ID bill  “Republicans have a large enough majority in the state legislature to override Cooper’s veto until January, when several Democrats who won seats in November will take office.”  Reuters

Cuomo confirms L train shutdown will likely last 15 months after personal tour  NY Post

How Schumer united Dems against Trump’s wall  Politico

Trump’s newest chief of staff called him a ‘terrible human being’ days before winning presidency  Business Insider

Ivanka Trump was involved in negotiations between inaugural committee, Trump hotel: report  The Hill

Schiff plans to obtain Deutsche Bank records of Trump’s personal finances  The Hill

Giuliani walks back comments that alleged campaign finance violations ‘not a big crime’  The Hill

Hatch walks back remarks that he didn’t ‘care’ if Trump broke the law  The Hill


37% of Tech Experts Worry Artificial Intelligence Will Make Humanity Worse by 2030  Fortune

Market Snapshot: Here’s why the Fed won’t save the stock market, despite its worst December start since 1980  Marketwatch

22 predictions for social media in 2019  The Verge


CVS AET  CVS defends settlement that allowed Aetna merger as judge assesses  Reuters

U.S. sets new March 2 date for China tariff increases amid talks  Reuters

CBS  Anti-harassment groups share $20 million CBS handout after Moonves exit  Reuters

Friday 2pm  EFX WU  New York settles with Equifax and others over lax mobile app security  Engadget


AMZT CAT NEE PYPL  2019 Outlook: U.S. Stocks Could Rally About 10%  “After a gloomy 2018, Wall Street strategists are upbeat about the market’s prospects next year, given a growing economy, low interest rates, and a possible truce on trade.”  Barron’s

A Recession Is Unlikely, But Expect Slower Economic Growth in 2019  “Tax changes passed at the end of 2017 boosted household incomes at the same time the government ramped up military spending.”  Barron’s

How to Play Tech’s Top 3 Themes for 2019  “Cloud computing chips, artificial intelligence, and digital commerce are three disruptive technologies that continue to drive significant change across vast sections of the economy.”  Barron’s

For Theresa May and the U.K., Brexit Is a Dog’s Breakfast  “No matter how bad your week was, you probably didn’t have as rough a week as British Prime Minister Theresa May.”  Barron’s

GOOGL AAPL BAC BLK VAT CVX DMLRY SAL ET TOL MNRO TWNK LABL PLNT FSCT QYLS VRNS  Top 10 Stock Picks for 2019  “S&P 500 companies are poised to deliver a 22% gain in earnings this year, leaving the benchmark index trading at 15 times forward earnings. That multiple is low compared with past years.”  Barron’s

Small-Cap Stocks Have Big Problems: How to Pick Winners  “A growing economy and a resilience to a stronger dollar and higher tariffs put the spotlight on smaller, U.S.-focused companies. The Russell 2000 index hit an all-time high on Aug. 31, notching a 14.3% year-to-date return versus the S&P 500’s 9.9% return.”  Barron’s

BUD T  Rising Interest Rates Complicate the Corporate Borrowing Spree  “A few high-profile U.S. companies, including AT&Tand Anheuser-Busch InBev have been forced to focus on paying back their bondholders thanks to credit-rating downgrades and fears about leverage that have weighed down their stock prices. But other companies with higher credit ratings and lower profiles are still issuing bonds”  Barron’s

All Three Stock Indexes Hit Correction Territory  “The optimism continued into 2018, as the S&P 500 rallied more than 5% through Jan. 29—before the market’s first correction since 2016 started.”  Barron’s

Dow Plunges 487 Points as China Sneezes  “China’s slowdown is deeper than expected, and the odds for a U.S. recession in the next two years jumped to 40%”  Barron’s

Questions About Robinhood’s New 3% Checking Referred to SEC  “Robinhood said deposits were insured up to $250,000 by the Securities Investor Protection Corporation (SIPC), but the non-profit industry group quickly pushed back on that claim, after Barron’s reached out to the group’s CEO Stephen Harbeck.”  Barron’s

This message is intended only for the personal and confidential use of the designated recipient(s) named above. If you are not the intended recipient of this message you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited. This communication is for information purposes only and should not be regarded as an offer to sell or as a solicitation of an offer to buy any financial product, an official confirmation of any transaction, or as an official statement of R.F. Lafferty & Co . The information is sourced from various third parties and RF Lafferty & Co., Inc. RF Lafferty & Co., does not make any claims, promises, guarantees, representations or warranties regarding the accuracy, completeness of the report. Email transmission cannot be guaranteed to be secure or error-free. Therefore, we do not represent that this information is complete or accurate and it should not be relied upon as such. All information is subject to change without notice.

Skip to toolbar