Early Global News

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Early Global News: Thursday February 14th, 2019

Early Global News

Thursday February 14th, 2019

Macro

Trump eyes bypassing Congress to privatise Fannie and Freddie  Financial Times

Trump Nominee to Face Questions on Future of 30-Year Mortgages  “Confirmation hearing for Mark Calabria comes as White House, Congress work to tee up housing-finance overhaul”  WSJ

Companies

GOOGL FB AAAPL  EU proposal targets digital platforms, including Google, Amazon, Facebook, and Apple  “A review of these platforms’ dominance began in Europe last year amid concern that companies such as Google, Facebook, Apple, and Amazon wield too much control over the buying and selling of goods and services online.”  Venturebeat via European Commission

BABA (EEFT WU MGI)  Ant Financial says agrees to buy UK-based currency exchange WorldFirst  Reuters

DB  Four big shareholders of Deutsche Bank call for cuts at investment bank  “Deutsche Bank on Thursday rebuffed calls for cuts at its struggling investment bank, citing an overhaul last year.”  Financial Times via Reuters

BAYRY  Exposure to weed killing products increases risk of cancer by 41% – study  “Evidence ‘supports link’ between exposures to glyphosate herbicides and increased risk for non-Hodgkin lymphoma”  The Guardian

LPL  TrendForce Says Rising Demand Will Help the LTPS Market Reach a Healthy Equilibrium in 2019  “…2019 is expected to be a year during which the market for LTPS panels will be at its healthiest state in terms of supply and demand. Read more at https://press.trendforce.com/node/view/3210.html#ZU0Rvi6gpDkBz6Iw.99”  Trendforce

CTSH  US co sues Cognizant for alleged breach of contract  Economic Times of India

CAG  America’s biggest meat producer will soon offer vegan protein  (Conagra owns Pinnacle Foods)  Marketwatch

Pharmaceuticals Healthcare

(BSX MDT TMO BDX JNJ ABT)  Prices of coronary stents may see marginal increase  “US stent makers had also asked the US trade representative to suspend or withdraw India’s benefits under the generalized system of preferences “  Livemint

(GSK)  Has China found a cure for cancer in malaria?  “GSK and Medicines for Malaria Venture (MMV) announced the publication of positive res(January 16th: ults from two phase III studies of single-dose tafenoquine for the radical cure (prevention of relapse) of Plasmodium vivax (P. vivax) malaria in The New England Journal of Medicine”)  SCMP

BGNE HKG: 2552 1672.HK  China’s biotech sector, which secured more than a $17 billion investment last year, is struggling to attract fresh funding as tightened domestic liquidity chills a once flourishing venture capital market.  China Bio via Ozy

Entertainment Games

NTDOY  Facebook mulled multi-billion-dollar acquisition of gaming giant Unity, book claims  Techcrunch

CBS VIA.B LGF NFLX AMZN AAPL  Apple aims for April launch of TV service with CBS, Viacom and Starz  Reuters

NFLX  ‘Breaking Bad’ movie sequel will first stream on Netflix, then air on AMC  Boy Genius Report

AMZN  Benedict Cumberbatch will play Satan in Amazon’s ‘Good Omens’ series  Engadget

ATVI EA MSFT GME  Global E-Sports Market Will Reach $1 Billion in Proceeds in 2019  Fortune

Military Surveillance

LMT BA RTN KSA  US lawmakers vote to end US support for war in Yemen  “In rebuke of Trump’s alliance with Saudi Arabia, resolution would force administration to withdraw US troops”  The Guarian

Blockchain Bitcoin

Long-Term Indicator Suggests Bitcoin Price May Be Nearing Bottom  “As a result, the probability of BTC witnessing a bullish reversal in the next few months is high. “  Coindesk

JPM (OSTK IBM AKAM)  JPMorgan Has Its Own Crypto and Its Starting Real-World Trials: Report  Coindesk

Casinos Gambling

MGM WYNN LVS MDCO  Cotai boosts MGM China rev, firm eyes more market share  GGRasia

Social Media

SNAP  The New York Times quietly paused its Snapchat channel  Digiday

SNAP  Snap is offering to pay $50,000 per episode for original Snapchat Discover shows  Digiday

AMZN GOOGL  Amazon is testing a new ad format that asks customers to leave reviews  Digiday

FaceBook

Cardi B returns to Instagram and announces new song with Bruno Mars  Irish Independent

Travel Hotel

QUNR BKNG  GoEuro rebrands as Omio to take its travel aggregator business global  Techcrunch

EADSY  Emirates agrees with Airbus to reduce A380 order, to buy other jets  Reuters

EADSY  Airbus A380: from European dream to white elephant  ” the world’s largest airliner has run out of runway after Airbus decided to close A380 production after 12 years in service due to weak sales.”  Reuters

BA  Abu Dhabi’s Etihad Airways restructures Airbus, Boeing jet orders  “Etihad Airways said on Thursday it has agreed with Airbus and Boeing to restructure a “large portion” of its orders, in what appeared to be a major cut in long-haul jet orders.”  Reuters

RYCEY EADSY  Emirates has ordered Trent 7000 engines to power 40 Airbus A330neo aircraft and 30 Airbus A350 aircraft, powered by the Trent XWB.  (RYCEY earnings 2/19)  Marketwatch

DAL  ‘We did a nose dive, twice’: 3 sent to hospital after Delta flight makes emergency landing  Boston

EWS  Singapore reports record tourism income in 2018  GGRasia

Auto

7203.T HMC F  India could extend deadline on steel import rules for automakers -sources  “India is considering extending by four months a compliance deadline on tougher import rules for steel that are aimed at forcing automakers to use locally made alloy”  Reuters

Donald Trump likely to take his time regarding auto tariffs  Financial Times

TSLA HOG  EU wants to strike back with tariffs on Tesla  “The dispute over possible US tariffs on cars from the EU continues to smolder. Now the European Union is preparing countermeasures. Among other things affected: E-car pioneer Tesla.”  Wirtschafts Woche

TSLA  Facebook’s search feature has some pretty creepy suggestions  Mashable

Retail

AMZN  Austria’s competition authority launches probe into Amazon  “Austria’s competition authority has initiated an investigation against Amazon on suspicion that it had violated Austrian and European antitrust law”  Reuters

MO  Vaping Is Harm Reduction  “But studies show that nicotine is, pound for pound, as addictive as heroin”  WSJ

SHLDQ (HD)  Edward Lampert’s Plan for Sears: Smaller Stores, Less Apparel  “Hedge-fund manager wants to shrink remaining Sears and Kmart stores and sell less apparel; hiring a new CEO”  WSJ

Brands are testing augmented reality’s influence on e-commerce  Digiday

W  Wayfair to open outlet store to recoup costs from excess inventory  Digiday

AMZN WMT  Hackers steal over 600 mn account details from 16 websites  India  Economic Times of India

SBUX  ‘Starbucks will buy more home-grown agricultural products’  Korea Times

AMZN  Amazon secures London retail space for checkout-free stores – The Grocer  Reuters

Apple

AAPL (TAL RYB)  Huawei video in Chinese school exam sparks product placement row  “Primary Five pupils had to watch three-minute video of tech giant that education official claimed brought their exam question closer to real life”  SCMP

SSNLF  Samsung loses out to Chinese players in Thailand, India  Korean Herald

TMUS  T-Mobile Surprises Market by Announcing there won’t be Price Increase for 5G Service  Patently Apple

SSNLF  Samsung says expects $4 billion in Indian sales of new smartphone range  Reuters

Energy Commodities

AMZN  Al Pacino joins the Jordan Peele-produced ‘The Hunt’ for Amazon  LA Times

VWDRY  Vestas pulls away as top wind OEM as big four dominate: BNEF  ReCharge News

China

China’s January exports rebound, imports decline  “Exports rose 9.1 percent from a year earlier to $217.6 billion, an improvement from December’s 3.5 percent decline, customs data showed Thursday. Imports slipped 1.5 percent to $178.4 billion.” ” But penalties of up to 25 percent already imposed on billions of dollars of each other’s goods have raised costs for American and Chinese buyers of soybeans, medical equipment and other goods.”  Washington Post

China’s Economy Needs More Than a Valentine’s Surprise  “Trade data came in much stronger than expected in January. That doesn’t mean everything is suddenly all well in the world’s No.2 economy.”  WSJ

Shorting China: Heads You Lose, Tails You Lose  “Even as more Chinese stocks enter Western portfolios, opportunities to hedge them remain rare and expensive”  WSJ

China to cut private firms’ financing costs, improve access to funds  Xinhua

Asia

Rupee falls 14 paise against dollar to 70.94  Economic Times of India

Russia Ukraine

Russian-Chinese trade turnover grows by 10.8% to $9.2 billion in January — China’s customs  “China’s exports to Russia grew by 11.5% in the first month of 2019 and exceeded $4.3 billion. Russia’s exports to China also increased by 10.2% to $4.89 billion. More: http://tass.com/economy/1044539”  TASS

Russia moves to mask its soldiers’ digital trail  Economic Times of India

Russia to build new grain terminal in Crimea – RIA  Jerusalem Post

Russia’s Economy Can Weather New U.S. Sanctions, Kremlin Says  Moscow Times

Medical Marijuana

Teenage cannabis users more likely to suffer from depression later in life  Irish Independent

Economics

US producer prices drop for second straight month  Reuters

US jobless claims rise; four-week average at one-year high  Reuters

US retail sales post biggest drop in nine years in December  Reuters

Politics

Former Trump campaign chairman Manafort lied to investigators in Russia probe, judge rules  Japan Times

Opinion

GOOGL  A prominent former Googler says she has ‘grave concerns about how strategic decisions are made at Google today’ and how it treats employees (GOOGL, GOOG)  Business Insider

NVDA  Vision Fund’s Nvidia exit raises strategy concerns  Financial Times

America Stopped Building  “On a visit to the Princeton campus recently, I asked a famous economics professor a simple question, “Are we in a recovery?” He gave me a simple, emotionless answer, “No.” I then asked him how many of the economists in the building would agree. He said, “Every one of them.” I asked him why the media reports indicate that we are in a recovery. His exact words, “I don’t know.””  Gallup

Linger

(FB GOOGL NTDOY)  Japan to make unauthorized downloads of all copyrighted work illegal  Japan Times

OSAGY  Osram Confirms the Buyout Rumors and in Discussion with Bain Capital and Carlyle Group  LED Inside

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