Early Global News: Friday January 4th, 2019

Early Global News

Friday January 4th, 2019

Macro

China services sector extends solid expansion in December: Caixin PMI  “The Caixin/Markit services purchasing managers’ index (PMI) rose to a six-month high of 53.9 in December, up from 53.8 in the previous month and well above the 50.0 mark separating growth from contraction.”  Reuters

Chinese Financial Stocks Surge as Li Keqiang Visits Big Banks  Bloomberg

China and U.S. to hold vice ministerial level trade talks in Beijing on Jan 7-8  Reuters

U.S. stock funds post record December withdrawals: estimate  Reuters

Cracks beginning to show in GOP shutdown resolve  The Hill

Friday: Employment Report  Calculated Risk

Companies

BAYRY  U.S. judge limits evidence in trial over Roundup cancer claims  “A federal judge overseeing lawsuits alleging Bayer AG’s glyphosate-based weed killer causes cancer has issued a ruling that could severely restrict evidence that the plaintiffs consider crucial to their cases.”  Reuters

COOP  Mr. Cooper Group Announces $48 Billion Servicing Transaction  Press Release

AMID  American Midstream Receives Revised Buyout Offer from ArcLight  “…pursuant to which ArcLight would acquire all common units of the Partnership that ArcLight and its affiliates do not already own in exchange for a revised offer price of $4.50 per common unit”  

Idaho state regulator rejects Hydro One, Avista deal  Reuters

CS  Ex-Credit Suisse bankers arrested on U.S. charges over Mozambique loans  Reuters

CECO  For-Profit Chain Cancels $494 Million in Student Debt to End State Investigations  NY Times

DMVT  Dell patents laptop with dual display design  GizmoChina

UMC  Taiwan’s UMC to scale down chip project with Chinese partner  “Sources say Fujian Jinhua project to be dismantled after US charges”  Nikkei

Indian e-learning startup Byju’s eyes US deals after raising $540m  “Indian online tutorial startup Byju’s, which recently received $540 million in investment from South African fund Naspers and the Canada Pension Plan Investment Board, has begun talks with four or five U.S. peers toward an acquisition to speed its global expansion.”  Nikkei

Stake Changes

LUV  Pioneering Southwest Airlines co-founder Herb Kelleher dies at 87  Reuters

GOOGL  Alphabet’s life science tech unit Verily raises $1 bln from investors  Reuters

Fractal Analytics in talks to raise $200 million from Apax  Livemint

HBC.TO  An Entity Controlled by Richard A. Baker Agrees to Acquire Common Shares of Hudson’s Bay Company from an Affiliate of Ontario Teachers’ Pension Plan Board  Press Release

Mack-Cali Realty Corporation Announces $70.25-Million Sale of Elmsford Distribution Center  Press Release

NMFC  New Mountain Finance Corporation Schedules its Fourth Quarter 2018 Earnings Release and Dividend Announcement and Extends Share Repurchase Program  Press Release

TST  TheStreet execs set to cash in on $87.3M deal  NY Post

Earnings Finance

AQST  Aquestive Therapeutics Appoints Gary H. Slatko, M.D. as Chief Medical Officer  Press Release

OC  Owens Corning Announces CEO Retirement and Succession Plan  Press Release

UTL  Unitil Senior Vice President, CFO and Treasurer Mark H. Collin Announces Intention to Retire in May 2019  Press Release

RTRX  Retrophin Names Eric Dube, Ph.D. President and Chief Executive Officer  Press Release

SELB  Selecta Biosciences Expands Potential for ImmTOR™ Platform and Streamlined Structure Under Leadership of New CEO, Carsten Brunn, Ph.D.  Press Release

JP  Jupai Announces Changes to the Senior Management Team and the Board of Directors  Press Release

Pharmaceuticals Healthcare

068270 (KRX)  Celltrion’s biosimilar products expanding presence in Europe  Korean Herald

HLUYY  Lundbeck initiates phase II-study of potential new treatment of schizophrenia  “Lu AF11167 represents a new approach to treat negative symptoms of schizophrenia, which is currently a huge unmet medical need.”  Press Release

SENS  Senseonics Announces First Study Participant Implanted in the U.S. as Part of the PROMISE 180-Day Sensor Clinical Study and the Submission of Key PMA Supplements to the FDA to Advance Current 90-Day Product  Press Release

UBX  UNITY Biotechnology Announces Completion of UBX1967 License and Advance into IND-Enabling Studies for Age-Related Diseases of the Eye  Press Release

VRAY  ViewRay Announces First Patient Enrolled in Stereotactic MRI-guided On-table Adaptive Radiation Therapy (SMART) Trial for Locally Advanced Pancreatic Cancer  “Study to Explore Clinical Benefits of Precise, High Dose Radiation Therapy Enabled by MRIdian’s MR-guidance Combined with Daily On-table Adaptation in Pancreatic Cancer”  Press Release

AZN.LN  Third biological treatment gives more choice for people with severe asthma  “Another potentially life-changing treatment should be available to people with a severe form of asthma, NICE says.”  NIH

AZN.LM  ADC Therapeutics Doses First Patient in Phase Ib Clinical Trial of ADCT-301 in Patients with Advanced Solid Tumors  “Potential for new immune-oncology therapy using an antibody drug conjugate that targets regulatory T cells”  Press Release

MDGEF  Medigene Licenses Co-stimulator to Enhance TCR Therapies for Solid Tumors  “…it has entered into an exclusive license agreement with Helmholtz Zentrum Munich (HMGU), a German public research institution operating in the field of environmental health, for a chimeric co-stimulatory receptor which is a fusion protein of PD-1 and 4-1BB.”  Press Release

Politics  16 Democratic-led states appeal ruling that struck down Obamacare  Marketwatch

Linger  CELG BMY  Advances in Cancer Drugs Fuel Blockbuster Deal  “Bristol-Myers Squibb’s agreement to buy Celgene for about $74 billion creates a powerhouse in the rapidly growing pharmaceutical sector”  WSJ

Entertainment Games

TGNA  TEGNA and Verizon Reach Multi-Year Carriage Agreement  Press Release

NFLX  Saudi Arabia Won’t Be the Last Country to Censor Netflix  Wired

Video Services May Use Artificial Intelligence to Crack Down on Password Sharing  Variety

Gaming a Significant Part of More Than Billion Dollars Spent in App Store Over Holidays  Variety

Pokémon GO creator Niantic closes $190M funding round  TechCrunch

GME  GameStop Struggles to Boost Sales  “With sales stagnating, retailer is looking for another CEO again and reviewing strategic alternatives”  Wall Street Journal

Opinion  NFLX  Eight Digital Video Predictions for 2019  “Any misstep by Netflix will raise serious questions about its business model. “  emarketer

Military Surveillance

EWZ  Brazil’s Bolsonaro says he is open to hosting a U.S. military base  Reuters

KSA  US Senate: No military support for Saudi war in Yemen. Pentagon: LOL  “Just 16 days after a bipartisan group of US senators approved a resolution to end military support for Saudi Arabia’s involvement in the civil war in Yemen, the Trump administration is doing what appears to be exactly the opposite.”  Quartz

Iranian Naval fleet will enter Atlantic Ocean in early 2019  Iran Press

Blockchain Bitcoin

Bitcoin Price Analysis: Range-Bound Market Coiled for Next Move  Bitcoin Magazine

Are Bitcoins the new Beanie Babies, or is there hope in 2019?  Digital Trends

Drones Robots

AVAV  Gatwick, Heathrow airports order military-grade anti-drone equipment  Reuters

The World Bank Says Robots Aren’t Killing Jobs Yet. Don’t Listen To It.  Gizmodo

Snack-Wielding Robots From PepsiCo Are Invading the University of the Pacific  Adweek

Casinos Gambling

Macau airport handled over 8 mln passengers in 2018  GGRasia

Vietnam casino resort phase 1 by year-end: Suncity exec  GGRasia

Macau’s Galaxy casino group warns of fake promos in Vietnam  GGRasia

MGM  MGM Resorts plans to boost earnings by US$300mln  GGRasia

Macau police fire warning shot during scuffle with smokers outside luxury hotel. Three arrested  South China Morning Post

Gaming | Macau Legend completes land purchase near Angkor Wat  Cambodia  Macau Daily Times

Social Media

FB  Social media linked to higher risk of depression in teen girls  Reuters

BIDU  iQiyi takes a stand against Bytedance, Tencent with new vertical video channel  Technode

Opinion  Social Around the World  “…latest estimates for global social network use, highlighting markets where players other than Facebook show noteworthy uptake.”  eMarketer

FaceBook

Facebook Begins New Year in Fixer-Upper Mode  “Social-media giant strives to balance its push for growth with a commitment to improve security across platforms”  Wall Street Journal

Facebook Watch Searches For ‘Mormon Love’ In Leopard USA Doc Series  Deadline

People are falling off buildings in search of the perfect Instagram shot  Fast Company

Travel Hotel

QABSY  Australia’s Qantas named the world’s safest airline  Channel NewsAsia

Investigation launched after airline passengers become ill  Frontier Airlines (Indigo Partners)  Food Safety News

Auto

Detroit Three ready for 2019 rumble over lucrative pickup trucks  Reuters

Canada auto sales fall 8 pct in December  Reuters

EV Subsidies Going Up In Italy, Down In China  Clean Technica

TSLA  Volvo’s Polestar releases first image of its all-electric ‘Tesla Model 3 competitor’  Electrek

GM  GM teams with DoorDash to test driverless food deliveries  Marketwatch

TSLA  Tesla to start delivering Model 3 to China buyers in March  Reuters

Taiwan implements 4-year project to boost intelligent transportation systems  Digitimes

DMLRY BAMXY  Mercedes edges BMW for 2018 U.S. luxury sales crown  Automotive News

Retail

KO PEP DPS MNST  Sugary sodas tied to higher risk of kidney disease  ” On Thursday, privately held grains trader Cargill announced worse-than-expected results out of China.”  Reuters

The autonomous food-delivery space keeps getting bigger  Mashable

U.S. retail vacancies rise marginally in fourth quarter – Reis  Reuters

DLTR DG  Why Dollar Stores Are Thriving  ” “consumer confidence is actually at a high right now, but since the recession, people have developed and ingrained a lot of bargain-shopping behaviors that aren’t going away—at least for certain types of goods.””  eMarketer

YUM  Taco Bell employee refused to take written order from man who is deaf, video shows  USA Today

Linger  MO  Vaping by young people remains a burning issue among health experts  The Guardian

Apple

QCOM  Prior to the FTC vs. Qualcomm Case Starting Tomorrow, Qualcomm Reiterates it won’t License Technology to Rivals  Patently Apple

Apple invent a new Method for handling 360° multi-directional Images for Mixed Reality Applications  Patently Apple

Cyber researcher pulls public talk on hacking Apple’s Face ID  Reuters

Apple cloud services executive Patrick Gates departs for at stealth startup Humane  “Stealth startup Humane, founded by a pair of former Apple executives, last month announced longtime Apple cloud services engineer Patrick Gates had joined the company as chief technology officer. “  AppleInsider

WHR  Whirlpool will let you control appliances with your Wear OS watch  Engadget

iPhone supply chain bracing for impacts  Digitimes

ZAGG  ZAGG Inc Acquires HALO, a Leading Direct-to-Consumer Mobile Accessories Company with an Extensive IP Portfolio, for $43 Million in Cash and Stock  Press Release

Huawei Demotes Workers for Tweeting From An iPhone  Bloomberg

GOOGL SSNLF  Google is working on a foldable Pixel smartphone: Report  “Google could follow Samsung to launch a foldable smartphone under its Pixel brand.”  Boy Genius Report

Apple now has more reason than ever to focus on India  Quartz

Apple smartwatch market share drops below 45 percent: ABI Research  ZDNet

German Apple reseller Gravis says still selling iPhones 7, 8  Reuters

Huawei demotes responsible employees & slashes their pay following latest ‘Twitter for iPhone’ blunder  9to5Mac

Opinion  The China Story That Is Far Bigger Than Apple  “A tectonic shift in the country’s economy has largely gone unnoticed by investors”  WSJ

Opinion  Apple’s Troubles Extend Beyond China  “Confluence of events raises doubts about iPhone maker’s business strategy”  WSJ

Energy Commodities

USO  Oil slips on global manufacturing downturn, although OPEC cuts offer support  “Oil prices fell on Friday after the United States followed most other major economies into a manufacturing downturn, although supply cuts by producer club OPEC kept declines in check.”  Reuters

Indonesia Pertamina to buy domestic crude oil from foreign contractors from Jan-source  Reuters

As loans and aid dry up, U.S. farmers face fresh challenge from shutdown  Reuters

Re-engineering photosynthesis gives plants a 40% growth boost  Ars Technica

Record LNG capacity to get green light in 2019 amid strong demand  Reuters

MOS  Mosaic Acquires Final Permit for Ona Phosphate Mining Project  Press Release

Indian state of Andhra Pradesh targets 5 GW of solar under new policy  Pv magazine

Opinion  The outlook has become darker for Coal India stock  Livemint

Metals

GMO  General Moly Reports All 4 Final Drill Holes at Mt. Hope Area Intersect Significant Near-Surface Zinc Mineralization  Press Release

China to step up crackdown on rare earth sector: ministry  Reuters

Europe

EWU  Most of UK PM May’s Conservative Party members oppose her Brexit deal: survey  Reuters

EWQ  Three-quarters of French unhappy with Macron’s government: poll  Reuters

EIRL  Ireland Composite PMi: Activity growth weakest since November 2017  “Weakest rise in backlogs since September 2016 “  iHS Markit

EWP  Spain Services PMi: Solid growth of service sector maintained at end of 2018  “December’s rate of expansion was also marked, with the index recording a level of 54.0 for the third month in succession”  iHS Markit

EWG  German Unemployment Falls Despite Mounting Risks to Economy  Bloomberg

EWQ  France December preliminary CPI 0.0% vs +0.1% m/m expected  Forex Live

EWU  U.K. Mortgage Approvals Drop as Brexit Fear Hits Housing Market  “The figures reflect weakening consumer confidence as fears mount that Britain could crash out of the European Union without a deal. House prices rose the least since 2013 last year, Nationwide Building Society said in a separate report Friday.”  Bloomberg

EWG  Germany’s main rail operator reaches wage agreement with GDL union  Reuters

EWU  House prices unexpectedly fall 0.7% in December  Sky News

Opinion  EWU  ‘Brexit anxiety’ holding back British services sector  “Growth in UK and US in focus after new year fears rattle markets”  The Guardian

Politics  Europe hints at backstop vow to get May’s Brexit deal through Commons vote  Forex Live

Politics  EWG  Germany’s Linke party affected by hacking incident: spokesman  Reuters

China

EWC  Canada says 13 citizens detained in China since Huawei CFO arrest  Reuters

China warnings signal Trump’s trade war finally hitting home  ” On Thursday, privately held grains trader Cargill announced worse-than-expected results out of China.:  Reuters

Hong Kong PMI  “PMI signals a weak end to 2018”  IHS Markit

China urges banks to boost small business financing  Financial Times

China says will cut banks’ reserve requirements, taxes, as bad news piles up  Reuters

China’s population could start shrinking in 8 years  Quartz

Hong Kong has a USD64 billion plan to build islands for new homes  Macau Daily Times

China set to impose stricter regulations on PCB industry  Digitimes

Asia

EWJPRESS RELEASE  Japan December manufacturing PMI lifted by best output growth in eight months  “The final Markit/Nikkei Japan Manufacturing Purchasing Managers’ Index (PMI) was a seasonally adjusted 52.6 in December, up from a flash reading of 52.4 and higher than a November’s final 52.2.”  Reuters

EWJ  Tokyo’s Nikkei falls more than 3% in opening trade  Channel NewsAsia

INDA  Sensex rises 150 points, Nifty reclaims 10700, Tata Motors up 2%  Livemint

EWY  S. Korea’s foreign reserves hit record high in Dec.  Korean Herald

EWY  S.Korea stocks hover near 2-year low on global growth concerns  Reuters

EWT  Taiwan shares close down 1.16%  Focus Taiwan

THD  Thailand Braces for Its Most Powerful Storm in Decades  ” Tropical storm is expected to make landfall Friday afternoon”  Bloomberg

EWJ  Japan’s top FX official warns against excessive yen volatility  “We’ve seen currency moves with extremely high volatility. I am worried.”  Reuters

EWY  Japan urges South Korea to avoid unfair measures in forced labor case  Reuters

THD  One dead in Thailand as tropical storm uproots trees, blows off roofs  Reuters

EWT  Indonesia temporarily stops sending students to Taiwan after reports of mistreatment  Reuters

Opinion  EWJ  Japan’s Corporate Revolution Deserves Another Look After Selloff  WSJ

Opinion  KOL  Kim’s vision of a coal-fueled North Korean future may be tough to realize  Reuters

International

ARGT  Argentine industrial production plummeted 13.3% last October  MercoPress

EWZ EIS  Brazil wants to move embassy to Jerusalem, push reform at WTO  Reuters

EZA  South Africa PMi: PMI moves to five-month high in December as decline in business conditions softens  “December saw the headline PMI rise to 49.0, from 48.2 in November, to signal a softer deterioration in the health of South Africa’s private secto”  iHS Markit

Fact  Latam currencies rise; Brazil stocks hit all-time high  Reuters

Russia Ukraine

Japan PM Abe says he plans to push for peace treaty with Russia  Reuters

U.S. Sees ‘No Sense’ in Complying With INF Treaty  Moscow Times

Middle East

Pakistan asks China to diversify investments, PM adviser says  “Country wants more Chinese money in agriculture, industrialization and education”  Nikkei

KSA  Saudi Arabia’s Great Run Seems Headed for Trouble  “Falling oil revenue, a restive young population and climate change will make a volatile mix. “  Bloomberg

Medical Marijuana

Massachusetts May Outlaw Driving with an Open Container of Cannabis  High Times

These 6 issues are going to be front and center at the Colorado General Assembly in 2019  The Cannabist

MPXEF  MPX to Acquire Remaining Ownership of Massachusetts Cannabis Operations for $4.9 Million in Stock  Press Release

Porsche 718 Cayman GT4 Clubsport picks up power, hemp body parts  Autoblog

Phoenix cannabis vape company acquired, moving HQ to Camelback corridor  Business Journals

Economics

Investors pile into money market funds amid market turmoil  Financial Times

U.S. job gains seen picking up, may soothe jittery markets  Reuters

Politics

Pelosi invites Trump to give State of the Union on Jan. 29  Politico

Trump advisers would recommend veto of House funding bills: White House  Reuters

ZTCOY  Senator Warren slams former Senator Lieberman for ZTE lobbying gig  Reuters

Maxine Waters: Much of my work will be undoing Mulvaney’s ‘damage’ to CFPB  The Hill

Dem introduces bills to eliminate electoral college, stop presidents from pardoning themselves  The Hill

Ross Will Be One of the First Trump Officials Democrats Call to Testify  Bloomberg

House Passes Spending Package in Bid to End Shutdown  “On their first day in power, House Democrats rebuff President Trump on border-wall funding; Senate unlikely to take up House bills”  WSJ

Linger  Mueller’s office may have dropped a hint about the mystery grand-jury subpoena case that has Washington enthralled  Business Insider

Fact

Gundlach’s Total Return Fund Beat All Fixed-Income Rivals In 2018  Zero Hedge

Manson family follower recommended for parole: media  Reuters

Opinion

Powell’s plain English Fed may need more nuance: ex-official  Reuters

No Fed Hikes, 15% Market Rebound And More: Here Are Byron Wien’s “10 Surprises” For 2019  Zero Hedge

Here’s How Powell Regains Control of the Fed’s Narrative  Bloomberg

Jerome Powell Pledged Allegiance to Data and Some of It Looks Grim  “Fed Chair to make first public remarks Friday since Dec. 19”  Bloomberg

‘The existential threat of our time’: Pelosi elevates climate change on day one  Politico

Futurelook

Researchers discover natural grain antioxidant that preserves food  Slashgear

Offices grow ‘brains’ as companies seek to attract smarter workers  Reuters

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