Early Global News

Your First Read of the Day


Early Global News: Thursday November 15th, 2018

Early Global News

Thursday November 15th, 2018

Macro

LMT KSA  Saudi Arabia Brings Charges Over Khashoggi Killing  “Prosecutor seeks the death penalty for five of the accused”  WSJ

China sends written response to U.S. trade reform demands – U.S. government sources  “…a move that could trigger negotiations to bring an end to a withering trade war between the world’s top economies.”  Reuters

Powell Says Solid Economy Faces Headwinds as Fed Mulls Rates  ” Fed chief stresses economy is in good place, can grow faster”  Bloomberg

Thursday: Retail Sales, Unemployment Claims, NY and Philly Fed Mfg Surveys  Calculated Risk

Companies

JD  China’s JD Group eyes sale of HK insurance arm in up to $2.5 billion deal  Reuters

097950 (KRX) WMT  S.Korean food giant CJ buy U.S. frozen food company for $1.84 bln  Reuters

WMT  Sanders wants to penalize Walmart’s owners unless they pay their workers $15 an hour  Washington Post

WMT  Walmart’s LatAm delivery app Cornershop eyeing Canada and U.S.  Reuters

MU KLAC STX WDC RMBS 2408.TW  Global DRAM Revenue to Reach a New Record in 3Q18, but Manufacturers’ Profitability May Approach Its Peak, Says TrendForce  Trendforce

VIVHY  ‘Spinal Tap’ creators, Vivendi to mediate $400 mln U.S. fraud lawsuit  Reuters

BID  Christie’s Auction of Artists Including Hopper, Pollock, and de Kooning Smashes Records With a $323 Million Haul  Fortune

BID  Marie-Antoinette jewels soar at ‘once in a lifetime’ sale: Sotheby’s  Reuters

FBK ACBI  Atlantic Capital Bancshares, Inc. Announces Divestiture of Tennessee and North Georgia Franchise and Share Repurchase Program  Press Release

ECOL  US Ecology, Inc. Announces Purchase of Ecoserv Industrial Disposal, LLC; Further Strengthens Gulf Coast Offerings and Increases Industrial Wastewater Disposal Capabilities  Press release

INTC  Intel to scale down processor shipments to DIY distributors in 4Q18  Digitimes

Opinion  ARNC  Paul Singer sees path to Arconic sale despite Grenfell Tower fire  NY Post

Fact  BAYRY  By 2020, Bayer will take all of its media buying in-house  Digiday

Futurelook  EBAY  How eBay is building server-side ad tech to chase ad budgets  Digiday

Stake Changes

JPM BRK.A  Berkshire invests in JPMorgan, Oracle as Buffett puts cash to work  Reuters

Linger  GE  Several high-profile funds raised stakes in GE before selloff -filings  Reuters

Linger  Prominent managers loaded up on Apple before recent tumble  Reuters

Earnings Finance

SBFFF  SBM Offshore takes $45 mln in extra impairments in Q3  Reuters

CPB  Proxy advisory firm ISS favors vote for Third Point nominees at Campbell  Reuters

SU  Suncor CEO to retire next year, be replaced by COO  Reuters

MRVL  Marvell cuts more positions following Cavium merger  Business Journals

Pharmaceuticals Healthcare

EZPM  Boehringer Ingelheim and Epizyme Announce Worldwide Collaboration to Develop Novel Epigenetic Oncology Therapies  Press Release

CBM MMM PFE MRK  Nitroglycerin patches may help ease tendon pain  Reuters

Saniona’s partner Cadent Therapeutics initiates Phase 2 for CAD-1883 and secures USD 40 million financing  Press Release

PFE  Gemtuzumab ozogamicin, with daunorubicin and cytarabine, is recommended as an option for untreated de novo CD33-positive acute myeloid leukaemia (AML), except acute promyelocytic leukaemia, in people 15 years and over, only if:  NICE Sign ince

Babies’ brain development may not depend on sleeping through the night  Reuters

NVS  Novartis ‘completely committed’ to Sandoz, has no split-off plan  Reuters

3:45 Wednesday  JNJ  Jury clears J&J of liability in California talc cancer case  Reuters

Entertainment Games

TCEHY NTES  China’s gaming market expected to rebound by 2020  TechNode

Wednesday’s story  The US Army’s Fortnite esports team is totally not for recruitment  The Next Web

Military Surveillance

LMT  Lockheed to Build MH-60R Helicopters for Navy Under Potential $382M Contract  GovConWire

LMT UTX  Lockheed gets interim payment for first multiyear F-35 contract -Pentagon  “…has won a preliminary contract valued at up to $22.7 billion to build a batch of 255 F-35 jets for the U.S. military and its allies”  Reuters

Air Force Reserve and Air National Guard F-16s to install upgraded anti-jam, anti-spoof GPS  Military Times

Report: DISA Could Award Over $27.5B in IT Contracts in 2019  GovConWire

Opinion  EWW  U.S. troop levels at Mexico border likely at peak – commander  Reuters

3:30 Wednesdaya  Congress watchdog begins inquiry into housing hazards at U.S. military bases  Reuters

Blockchain Bitcoin

New York Department of Financial Services Issues 14th BitLicense  Bitcoin Magazine

China’s Bitcoin Miner Canaan Lets HK IPO Application Expire  China Money Network

KPMG launches Bitcoin tax estimator for Australian hodlers  The Next Web

Drones Robots

This autonomous robot could steal farmer’s jobs  “This bot is a pepper pulling machine”  Autoblog

Nepal’s first robot waiter is ready for orders  AFP

Boeing’s solar-powered climate research drone takes flight in 2019  Engadget

Over 80% of Japanese positive about robotic nursing care  Japan Times

HYMTF  Hyundai Motor to invest in US drone maker  Korean Herald

GOOGL  Google is closing its Schaft robotics unit after failing to find a buyer  TechCrunch

Casinos Gambling

Macau ops not to force staff into public holiday plan: govt  “Macau’s six casino operators have pledged not to force employees into accepting a new, voluntary scheme regarding enjoyment of public mandatory holidays, being proposed by the government”  GGRasia

TACT  AGEM Index down mth-o-mth, ends 36 mths of yr-o-yr ups  “…just two of the 13 global gaming equipment manufacturers the index follows reported month-to-month increases in stock price; Taiwan’s Astro Corp and United States-based TransAct Technologies Inc.”  GGRasia

Only 49 upgraded smoke lounges okayed so far: Macau govt  “…out of a total of 404 requests the bureau had received by September 28”  GGRasia

SGMS  Gaming suppliers foresee further growth in product distributions  Macau Daily Times

Detroit casino hotel sold for $1 billion in gaming consolidation  Reuters

IGT  EGM contribution growing steadily in Macau: MGS panel  GGRasia

Social Media

TWTR  Twitter’s Explore tab starts sorting stories into sections  Engadget

TWTR  Twitter for iOS gains updated search tab with new section-based interface  9to5Mac

GOOGL  PewDiePie’s fans are fighting hard to ensure he remains the biggest YouTuber  The Verge

Opinion  Why online furniture brand Apt2B increased monthly ad spend from $2,000 to $25,000  Digiday

Linger  MTCH IAC  Dating app Bumble is open to a future IPO, CEO says  Marketwatch

Lingering Opinion  U.S. lawmaker says Facebook cannot be trusted to regulate itself  Reuters

FaceBook

Who does Facebook fire after a bombshell New York Times investigation?  re/code

Zuckerberg told Facebook execs to stop using iPhone after Tim Cook privacy comments  AppleInsider

Facebook Reportedly Hired a (GOP) PR Firm That Wrote Negative Articles About Rivals, Pushed George Soros Conspiracy Theory  (default)

George Soros Foundation Calls Facebook ‘Vile,’ ‘Reprehensible’ for Pushing Conspiracy Theories  Gizmodo

Facebook held back on Trump and Russia so Republicans wouldn’t get angry  Mashable

Facebook says China return is possible but human rights come first  TechNode

Linger  Facebook used opposition-research firm to link critics to George Soros, report says  Marketwatch

Travel Hotel

CTRP TOUR  China Southern Airlines to quit SkyTeam alliance next year  Reuters

EWJ  12 Japan Airlines flights delayed in 15 months due to pilots failing alcohol tests  Japan Times

Fact  BA  American Airlines ‘unaware’ of some Boeing 737 MAX functions until last week: spokesman  Reuters

Auto

China state planner douses hopes for auto tax cuts, tells sector to buckle up  Reuters

SFTBY  Uber posts $1 bln loss in quarter as growth in bookings slows  Reuters

TSLA  Tesla Model 3 is starting to show some important flaws in cold weather  Electrek

TSLA  Tesla installs microgrid at Direct Relief emergency supply warehouse to keep it running in disaster  Electrek

F VLKAY  VW China chief expects sector’s sales stall to persist into 2019  “VW China chief expects sales stall to persist in 2019. Volkswagen’s chief executive for China said he expects car sales in the country to remain flat in 2019, after industry data showed sales in the world’s largest auto market had notched a four-month losing streak.”  Financial Times

ETN  Eaton and Shaanxi Fast Gear Form Joint Venture to Manufacture Light-Duty Manual Transmissions for Asia-Pacific, Eastern Europe and Africa  Press Release

TSLA  Tesla Model 3 = #1 Top Selling Luxury Car in USA in October  Clean Technica

TSLA  Tesla Model 3 = 18% of Small + Midsize Luxury Car Sales in First 10 Months of 2018 (USA)  Clean Technica

F  Ford CEO open to investors in autonomous vehicles but cautious on VW  Daily Mail

Opinion  BYDDY KNDI GM  China Is Leading the World to an Electric Car Future  ” New emission rules will force global carmakers to redraw their road maps.”  Bloomberg

Retail

EBAY  eBay’s toy catalog includes a $100,000 ‘Magic: The Gathering’ card  Engadget

HRL KHC  USDA won’t name turkey plants, despite 164 illnesses and 1 death  Food Safety News

DLB  Dolby releases branded wireless headphones  TechCrunch

Ikea to open first Japanese city-center store in 2020  Nikkei

Hema Supermarket realizes new retail concept  China  Digitimes

Apple

Warren Buffett’s Berkshire bought even more AAPL shares in Q3, filings show  9to5MAC

T VZ S TMUS INSG  FCC launches first U.S. high-band 5G spectrum auction  Reuters

Yet another Apple supplier cuts revenue forecast as iPhone pessimism continues  ” Austrian supplier AMS becomes the latest to cut its outlook”  Bloomberg

Chinese Smartphone Maker Xiaomi’s £1 Flash Sale Enrages UK Consumers  clickbait accusation  China Money Network

SHCAY  Sharp made a phone with two notches  The Verge

The iPhone XR is now available for sale without a carrier  “Less than a month after the iPhone XR originally went for sale, you can now buy one without the obligation of selecting a carrier.”  MacWorld

Fact  More than a quarter of Warren Buffett’s Berkshire portfolio is Apple stock  AppleInsider

Fact  Apple wins Stop Slavery Award, touts new initiative to hire human trafficking victims at retail stores  AppleInsider

Fact  Tim Cook to receive ADL ‘Courage Against Hate’ award, serve as event keynote speaker next month  9to5MAC

Fact  Apple CEO Tim Cook to Accept ADL Courage Against Hate Award on December 3  MacRumors

Energy Commodities

BRLXF  Glimmer of hope for embattled Apuiat, says Boralex CEO  “Wind project has been heavily criticised by the recently elected government in the Canadian province of Quebec”  ReCharge News

USO  Angola battles to revive oil exploration as output declines  Reuters

TRP  U.S. approves part of TransCanada WB XPress natgas pipe for service  Reuters

Abu Dhabi Fund, IRENA Allocate $ 50 Million for Renewable Energy  Al Bawaba

A2A, Talesun plan 300 MW of grid-parity PV projects in Italy  Pv magazine

Linger  PCG  California’s Largest Utility Pummeled by Wildfire Risks  “PG&E Corp. suffers worst plunge since 2002 amid fears it faces massive liabilities in connection with the state’s deadliest fire ever”  WSJ

Metals

Copper, aluminium edge up as investors eye potential Chinese stimulus  Reuters

Antofagasta approves $1.3bn Chile copper expansion  Creamer’s

ALB LTHM  Global exploration up 19%; cobalt/lithium budgets soar  Mining Weekly

Europe

CS UBS AAPL SSNLF EWL  Swiss competition watchdog probes suspected payment systems boycott  “There is the suspicion that the companies agreed not to make their credit cards available for use with Apple Pay and Samsung Pay, in order to favor the Swiss solution TWINT,”  Reuters

EWU  UK retail sales hit by mild autumn  BBC News

EWU  Conservative MP believes threshold reached for vote of no confidence in May  Reuters

EWU  Pound collapses after Brexit Secretary quits – throwing deal with EU into doubt  The Mirror

Fact  EWU  Greg Coffey hedge fund heads to NY as London fades  Financial Times

Politics  EIRL  DUP leader makes UK PM May aware of concerns in a ‘frank’ meeting  Reuters

Politics  EWU  Brexit Secretary Dominic Raab Resigns From U.K. Government  Bloomberg

Politics  EWU  Theresa May Is on the Brink as Tories Plot to Kill Her Brexit Deal  ” Junior minister Vara quits May’s team in protest at her plan”  Bloomberg

China

Hepatitis A cases increase in Hong Kong; source unknown  Food Safety News

China’s premier urges reassurances for markets  AP

AAPL BIDU BABA TCEHY  China’s cyber watchdog demands user data from internet firms in latest crackdown on dissent  “Companies with those functions include Tencent Holdings, Alibaba Group Holding, Baidu as well as Apple, which hosts its message service in China. “  South China Morning Post

German prosecutors charge Chinese-born engineer in industrial espionage case  Reuters

In rare coordinated move, Western envoys seek meeting on Xinjiang concerns  Canada leading  Reuters

China Outlines Possible Trade Concessions to U.S. Before G20, Sources Say  ” Beijing’s offer is said to fall short of Trump’s demands”  Bloomberg

China coercing India, Japan to exert influence: US  “The security and wellbeing of the US are at a greater risk than at any time in decades, a report has said, acknowledging that China presents a “daunting” challenge to US’ supremacy as Beijing coerces American allies like India and Japan to exert its “illegitimate” influence.”  Economic Times of India

Opinion  China Inc’s mounting stress – funding woes, shrinking profit growth and a trade war  “a Reuters analysis of earnings data shows – signs of strain brought on by Beijing’s crackdown on leverage as well as a trade war with the United States.”  Reuters

Politics  In rare coordinated move, Western envoys seek meeting on Xinjiang concerns  Reuters

Politics  Pence says ’empire and aggression’ have no place in Indo-Pacific  Reuters

Linger  Kyle Bass Doubles-Down On Yuan Short, Calls For “China Reset”  Zero Hedge

Linger  Missing elite Chinese university alumni spark outcry  AP

North Korea

North Korean defectors see uncertain future in Korean reconciliation  Reuters

Pence says Trump to meet North Korea’s Kim in 2019; won’t allow broken promises  Reuters

U.S. carriers join up in East Asia for ‘complex’ warfare drills  “The two carriers, the Japan-based USS Ronald Reagan and the USS John C Stennis deployed from the U.S. West coast, are carrying out air, surface and anti-submarine warfare operations, the U.S. Seventh Fleet said in a news release.”  Reuters

China appears to relax North Korea sanctions: report to U.S. Congress  Reuters

EWY  N. Korean officials visit S. Korean hub of technology startups  Korean Herald

Asia

EWJ  Nikkei hit by selling in banks, Apple suppliers  Reuters

INDA  Gaja cyclone latest news: Tamil Nadu, Puducherry on high alert  India  Livemint

EWJ  JGBs largely steady; 5-year auction draws demand  “Japanese government bond prices were mostly steady on Thursday as an auction of 5-year debt proceeded smoothly and attracted decent investor demand.”  Reuters

TH  Taiwan shares close higher, above 9,800 points  Focus Taiwan

THD  Thailand plans to boost trade with Russia to $10 bln by 2020  TASS

EWS  New private home sales down 36% year-on-year in October  “Sales of new private homes in Singapore fell 36 per cent in October from a year earlier, as there were barely any new launches in the month.”  Channel NewsAsia

EWJ  Nearly 70% of women in Tokyo back single-sex train cars, survey finds  Japan Times

EWY  Korean banks’ foreign-currency deposits drop in Oct.  Korean Herald

Fact  Japan cybersecurity and Olympics minister: ‘I’ve never used a computer’  Reuters

Fact  Japanese, South Korean trawlers collide in Sea of Japan, 13 rescued  Reuters

Linger  Sri Lanka grinds to political halt amid parliamentary chaos  Reuters

Opinion  INDA  Modi’s flagship insurance plan puts health care at risk, warn companies  “Downside may outweigh benefits of medical cover for millions”  Nikkei

Futurelook  Looming US rate hike spurs Asian central banks to act pre-emptively  Nikkei

International

Parts of Australia’s east to be wetter in next three months: weather bureau  ewa

EWW  Migrants fill Tijuana shelters, more on way to US border  AP

EWZ CUBA  Cuba ends medical exchange program with Brazil  AP

ARGT  Argentina’s Senate approves austerity budget agreed with IMF  MercoPress

ARGT  Buenos Aires hit by two bomb attacks  MercoPress

EWW  Mexico president-elect will continue to lean on military  The China Post

Uruguay lawmakers Ok entry of US planes, soldiers for summit  Washington Post

Russia Ukraine

Putin slams Ukraine’s detention of Russian ship in Sea of Azov as illegal  TASS

Magnitude 6.1 quake hits Russia’s Kamchatka – USGS  Jerusalem Post

Russia’s Putin to meet Pence in Singapore on Thursday: source  Reuters

Fact  Russia domestic abuse: ‘My husband chopped off my hands’  BBC World News

Middle East

EIS  Poll: 74 percent of Israelis dissatisfied with Netanyahu’s performance in Gaza crisis  Haaretz

Iranian Woman Strips Naked in Street to Protest Joblessness  Al Bawaba

EIS  Top minister says largest-ever daily Hamas rocket barrage was ‘minor’  Times of Israel

Chinese, Arab Trade Hit $200 Billion in 2017  Al Bawaba

Opinion  KSA  The Untold Lives Of The Saudi Royal Family  Zero Hedge

Opinion  KSA  Gaza Violence is Israel’s Contribution to Divert Attention From Slain Saudi Journalist – Media Report  Al Bawaba

Lingering Politics  KSA  Saudi Rulers Rally Support on Home Front as U.S. Pressure Mounts  Bloomberg

Africa

Ethiopia arrests former deputy intelligence chief  Reuters

KSA  Yemen president backs UN peace talks but vows to ‘liberate’ key port  “Yemen’s president has backed UN-proposed talks to end fighting in his war-torn country but vowed to “liberate” the battleground rebel-held port city of Hodeida regardless of the peace process.”  AFP

KSA  Saudi-led coalition orders halt in assault on Yemen’s Hodeidah: sources  “The Saudi-led coalition has ordered a halt in its offensive on Yemen’s main port city of Hodeida.”  Reuters

EZA  South Africa’s former home affairs minister resigns from parliament  Reuters

Isis Terror

Afghan officials say the Taliban have killed 30 policemen in blistering overnight attack in western Farah province  AP

Iran’s army chief praises Hamas “victory”  DEBKAfile

Terrorist stabs four policemen in Jerusalem  DEBKAfile

Opinion  Fight against Islamic State in last Syria stronghold may end soon: U.S. envoy  Reuters

Climate Change

At least 56 killed, 130 missing in California’s deadliest wildfire  Reuters

Low emission zones improve city air, but not enough: study  England  Reuters

‘Progress is being made’ against California’s deadliest wildfire  Reuters

Climate change: UK report suggests drastic reduction of sheep and cattle numbers  MercoPress

Medical Marijuana

House Reps. Announce Trio of Bills to Make VA More 420-Friendly for Veterans  High Times

Sacramento May Raise Limit on Cannabis Dispensaries to Promote Racial Equity  High Times

CNTTF  Cannabis Watch: CannTrust makes its case as a major Canadian weed producer  Marketwatch

Paper money keeps the legal marijuana industry green  Quartz

Politics

The New York Post: Michael Avenatti arrested for alleged domestic violence  “TMZ, which first reported the arrest, had written that Avenatti was arrested after his “estranged wife” filed a felony domestic violence report, but later amended its story after his ex-wife, Lisa Storie-Avenatti, said through a lawyer that the assertion was not true.”  Marketwatch

EWW  U.S.’s Pompeo to meet incoming Mexican foreign minister on Thursday  Reuters

Trump names handbag designer as South African ambassador  The Hill

Citizenship query will not cause U.S. census undercount: official  Reuters

Manafort business partner Gates still assisting with Mueller probe: filing  Reuters

How the SEC Silences Criticism  “Its unconstitutional 1972 ‘gag rule’ is overdue for repeal.”  Wall Street Journal

Neuroscience conference highlights travel ban’s effect on science  “Dampening international collaboration is damaging to everyone, scientists say.”  Ars Technica

Judge To Rule Thursday On CNN Request For Immediate Return of Jim Acosta’s White House Credentials  Deadline

Fox News supports CNN’s lawsuit against the White House  Haaretz

Mitch McConnell Blocks Bipartisan Bill to Safeguard Mueller Probe  New York Magazine

Donald Trump hands another ambassadorship to a member of his Mar-a-Lago resort that costs US$200,000 to join  South China Morning Post

Donald Trump says Democrats wearing disguises voted twice and cost Republicans victory in midterm elections  South China Morning Post

House Republicans Still Can’t Get Along  The Atlantic

Judge orders Florida to allow more time to clear up disputed signatures on some ballots  Washington Post

Linger  California, New Jersey Republicans concedes, Utah representative sues  Reuters

Opinion

CSCO  Cisco turns investor concerns into positives with strong earnings  “But more tariffs in January could be ‘bad for everybody’”  Marketwatch

EWU AMZN  Amazon Is Bigger Problem Than Brexit for U.K. Property  “Shops are in turmoil, but London offices have proved surprisingly resilient in the wake of the U.K.’s Brexit vote”  WSJ

A $30 Billion Computer Is About To Start Selling Stocks  Zero Hedge

Global Economy Shows Strain as U.S. Steams Ahead  “China, Japan and Germany show signs of stress, posing a risk to the U.S. should the trends persist”  Wall Street Journal

HPE  HP wins Brand of the Year at the Digiday Awards  Digiday

SVMK  Cramer sat down with Zander Lurie, CEO of SVMK Inc. (SVMK) , the parent company of SurveyMonkey.  The Street

SIX  Cramer sat down with Jim Reid-Anderson, chairman, president and CEO of Six Flags Entertainment  The Street

BX  In the Lightning Round, Cramer was bullish on Blackstone  The Street

MCHP FDC TELL  Cramer was bearish on Microchip Technology First Data and Tellurian  The Street

TWLO  Cramer believes Twilio’s recent pullback from $98 to $84 represents a possible buying opportunity.  The Street

Dow Drops 206 Points, but Oil’s Recent Tumble Could Mean Better Times Are Ahead  Barron’s

‘Toxic’ is a sadly perfect word of the year for 2018  Mashable

In 20 Years, China Will Be on Mars — and the U.S. Will Be an Island  New York Magazine

Martech Is Eating Up CMOs’ Budgets  eMarketer

That Other China Stimulus Is Still Goosing Growth  “Calls for big stimulus have resurfaced. Here’s one reason why Beijing is holding back.”  WSJ

Linger  Powell says he’s optimistic about economy as he notes concerns from abroad  Marketwatch

Linger

BA  California’s Woolsey Fire Burns Near Site of Nuclear Meltdown, Sparking Panic  “The owner of the Santa Susana Field Laboratory, Boeing, says the wildfire may have started “on or near” the contaminated Los Angeles facility.”  Motherboard

GE  GE Credit Crunch Ripples Across Wall Street  “A steep fall in GE’s bonds to junk levels is roiling credit markets, spreading pain and gain among investors and banks”  WSJ

Homeless man conspired with couple who raised $400,000 on GoFundMe  Daily Mail

Opinion  PCG  PG&E rout may be hitting hedge funds after raised bets before fire  Reuters

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