Early Global News: Saturday January 12th, 2019

Early Global News

Saturday January 12th, 2019

Macro

Schedule for Week of January 13th  “The key reports this week are December housing starts and retail sales. PPi is Tuesday”  Calculated Risk

Companies

BA  U.S. Probes Boeing Satellite Deal Backed by China  “U.S. Securities and Exchange Commission, Commerce Department and Treasury-led national security panel look into relationship with Global IP”  Wall Street Journal

NLSN CBS  CBS, Nielsen Strike New Audience Measurement Deal  Variety

WPP OMC  WPP Files Legal Protest Against U.S. Government for Awarding Multibillion-Dollar Army Account to DDB  “Possible says agency won by undercutting competitors on price”  Adweek

IO  Federal Circuit Court vacates lost profits award against ION; Remands case to District Court to determine whether to reinstate lost profits award or hold a new trial as to lost profits  Press Release

WMT AMZN  India’s online sellers to appeal against competition commission’s Flipkart ruling  “A group representing online sellers in India will appeal against the Competition Commision of India’s (CCI’s) ruling in favour of Walmart-owned Flipkart, the group’s lawyer Chanakya Basa said in a release on Saturday.”  Reuters

CHDN  Churchill Downs Incorporated Confirms 3-for-1 Stock Split Record Date of January 11, 2019  Press Release

Stake Changes

GOOD  Gladstone Commercial Corp: Approximate date of commencement of proposed sale to the public: From time to time after the registration statement becomes effective.  “The aggregate maximum offering price of all securities offered and sold by the registrant pursuant to this registration statement shall not have a maximum aggregate offering price that exceeds $500,000,000”  SEC Filing

HOV  Hovnanian Enterprises Receives Continued Listing Standard Notice From NYSE and Announces Reverse Stock Split Proposal  Press Release

JBHT  JB Hunt: Approximate date of commencement of proposed sale to the public: From time to time after the effective date of this registration statement.  “we have authority to issue up to 1,000,000,000 shares of common stock”  SEC FIling

CSTX  Cirius Therapeutics, a liver and metabolic disease biotech, files for an $86 million IPO  Nasdaq

Earnings Finance

SpaceX to layoff 10 percent of workforce  Reuters

DIS  Disney CEO stock award worth as much as $149.6 million in 2018  Reuters

SAIC EGL  SAIC and Engility Announce Approval of Merger by Stockholders of Both Companies  Press Release

GNW  Virginia Regulator Reapproves Proposed Oceanwide Acquisition of Genworth’s Virginia-Domiciled Insurance Companies  “Regulators in North Carolina, South Carolina and Vermont Also Reapprove Transaction”  Press Release

SMRT  Stein Mart Reports November/December Sales  Press Release

China’s Dalian Wanda Group posts revenue drop for third straight year  “Chinese conglomerate Dalian Wanda Group’s revenue fell by 5.7 percent in 2018 as the company sought to relieve debt pressure by offloading domestic and overseas holdings amid a government crackdown on leverage and overseas acquisitions.”  Nikkei

Opinion  AMZN MSFT  Cloud Should Shine for Amazon, Microsoft Earnings  “The world’s two most valuable companies have high expectations to meet in the coming earnings season”  WSJ

Pharmaceuticals Healthcare

Statins may help prevent diabetes-related eye problems  Reuters

4502.JP  Make Uloric Second-Line for Gout, FDA Advisors Say  “Panel grapples with black box warning, REMS over CV mortality”  Medpage Today

Entertainment Games

VZ GME  Verizon is quietly testing its own Netflix-style cloud gaming service  The Verge

CNK  Film News Roundup: Eddie Murphy’s ‘Coming to America 2’ Draws Craig Brewer to Direct  Variety

Khan agrees April date to fight unbeaten Crawford  BBC World News

WWE  John Cena’s WrestleMania 35 opponent ‘named’ – and WWE fans hate it  The Mirror

HMNY  MoviePass did so many stupid things in 2018 that nearly 60% of users canceled  Boy Genius Report

VIA NFLX DIS LGF MGM  Viacom Looks to Buy Ad-Supported Streaming Service  “Viacom in recent weeks has held talks to acquire Tubi TV, a free service partly owned by MGM and Lionsgate that shows old movies and TV shows, according to two people familiar with the discussions. “  The Information

HBO may reveal the ‘Game of Thrones’ premiere date this weekend  Boy Genius Report

Fact  Megyn Kelly is Released From Her NBC News Contract  Wall Street Journal

Military Surveillance

MSFT  Microsoft wins $1.76 billion defense contract: Pentagon  Reuters

GE  GE unit wins $450 million U.S. defense contract: Pentagon  Reuters

The U.S. Government Has Amassed Terabytes of Internal WikiLeaks Data  Gizmodo

Blockchain Bitcoin

Bitcoin Price Analysis: Strong Impulse Tests Macro Support Levels  Bitcoin Magazine

I’m As Certain As Ever – Bitcoin’s Revolution Is Only Just Beginning  Tim Draper  Coindesk

Drones Robots

AMZN  Amazon secretly testing delivery drones in English countryside  The Mirror

Saudi Arabia Starts Issuing Drone Permits  Al Bawaba

Social Media

Facebook and YouTube aren’t even trying to enforce the Alex Jones ban  The Next Web

Facebook staff discussed cashing in on user data, reports say  The Guardian

Travel Hotel

Apple spends $150M a year on United flights, Shanghai is No. 1 destination  AppleInsider

American woman brings pistol and bullets onto U.S.-Japan flight  Japan Times

LUV  Southwest Airlines And International Brotherhood of Teamsters Reach Tentative Agreement For Material Specialist Employees  Press Release

RCL  Royal Caribbean has another gastroenteritis outbreak — and passengers might feel ill when they see what recourse they have  Marketwatch

Auto

NSANY  Nissan top exec Munoz resigns amid broadened Ghosn probe  Reuters

€70 Billion A Year In EU Health Damage Caused By Vehicle Emissions, Finds Report  Clean Technica

EU trade official hopeful U.S. won’t pursue auto tariffs  Automotive News

TSLA  Tesla Vehicle Ramp Cycles Getting Shorter (Charts)  Clean Technica

Linger  Grab appeals Vietnamese court ruling in taxi company dispute  Reuters

Linger  Corporate investors pile into electric vehicle startups  Autoblog

Retail

MO  Flavored and e-cigarettes affect minors’ health in Taiwan: HPA  Focus Taiwan

A subscription for baby food? It’s not as crazy at it sounds.  Mashable

DEO WSKY  Craft breweries step up to fill Japan’s empty whisky casks  “Newcomers bet on a risky field to tap the spirit’s meteoric rise”  Nikkei

Apple

QCOM  Apple demanded $1 billion for chance to win iPhone: Qualcomm CEO  Reuters

Huawei Canada senior VP Scott Bradley quits as scrutiny of company grows  South China Morning Post

Apple: Qualcomm’s hardball tactics squeezed Intel chips out of iPad Mini 2 – CNET  “Doing business with the chipmaker means there was “no longer a level playing field,” Apple exec testifies in an FTC trial against Qualcomm.”  Cnet

SNE  Sony to restructure its mobile division: Report  Economic Times of India

QCOM SSNLF  Samsung and Qualcomm talk realistic expectations for 5G in 2019  Engadget

LG is experimenting with rollable smartphones  Mashable

QCOM SSNLF  The FTC Thinks You Pay Too Much for Smartphones. Here’s Why  Wired

Opinion  The Big Hangup: Why the Future Is Not Just Your Phone  “The once-revolutionary smartphone is losing its power to amaze—and maybe its singular hold on our lives”  WSJ

Energy Commodities

OPEC is not the enemy of the US, UAE minister says  Reuters

Mexico City pipeline hit by ‘sabotage’ amid crackdown on fuel theft  Reuters

Pemex’s New York roadshow spooks investors, yields spike  Reuters

Mexico Reduces U.S. Gasoline Imports  “Cutback comes as a government crackdown on fuel theft leads to shortages across the country”  Wall Street Journal

Saudi Arabia Increases Solar Targets To 20 Gigawatts By 2023 & 40 Gigawatts By 2030  Clean Technica

Two big producers just called the bottom on oil: $60 a barrel  “Crude oil prices are up more than 20% since hitting an almost two-year low in December”  Livemint

Metals

S. Korea opposes EU safeguard duties on steel imports  Korean Herald

One miner dead, six hurt in tremor at KGHM’s copper mine in Poland  Reuters

Europe

U.S. to seek comprehensive agriculture access in EU trade talks  Reuters

EWQ  Paris explosion: Casualties feared after huge blast in French capital  Gas explosion at bakery  The Telegraph

EWU  Police are armed with metal detectors in latest bid to crackdown on knife crime  Daily Mail

Blocking Brexit could cause far-right surge – Grayling  BBC World News

EWG  A new German far-right party chooses a symbol with a dark past  Quartz

EWU  Britain considers ending incarcerating offenders given six-month terms or less  AFP

China

China’s premier says tax cuts support employment, economic stability  Reuters

China stock market inflows could double in 2019 – securities official  Reuters

Latest increase in Hong Kong’s minimum wage will benefit only half as many workers as previously thought  South China Morning Post

African swine fever hits farms in China’s Jiangsu province: Xinhua  Reuters

EU, NATO should agree on joint position towards Huawei – Poland  Channel NewsAsia

EPOL  China pays close attention to Poland’s arrest of Huawei employee: foreign ministry  Ecns.cn

China’s premier says tax cuts support employment, economic stability  “Li says move to aid smaller companies will achieve ‘wins’ all around”  Nikkei

Top US Navy officer to visit China amid heightened tensions  “The goal of the visit is to “continue a results-oriented, risk reduction focused dialogue””  AP

EWC  Canadian official calls China’s treatment of detainees ‘unacceptable’  “Visiting delegation conveyed need for Beijing to immediately release Michael Kovrig and Michael Spavor, who were detained in December”  SCMP

Asia

Rivals unite in Indian state in bid to beat Modi in elections  Reuters

EWT  Aggregate sales of listed companies hit new high in 2018  Focus Taiwan

Kashmir Blast Leaves 2 Indian Officers Killed, 2 Injured  Al Bawaba

INDA  Quota for general category poor will boost confidence of new India: Narendra Modi  Economic Times of India

EWT  Employer business outlook for Q1 weakens: poll  Focus Taiwan

EWT  Taiwan’s average regular wage rises over 2% for 12th straight month  Focus Taiwan

EWT  Taiwan tech struggles to find growth path in fog of trade war  “Onetime highfliers sink into the red — or bankruptcy”  Nikkei

EWJ  Yen’s ‘flash rally’ a bonanza for speculators  “Stop-loss orders by retail investors and AI algos behind 4% jump on Jan. 3”  Nikkei

S. Korea, US to hold third ‘working group’ meeting on N. Korea next week  Korean Herald

International

Venezuela opposition plans incentives for officers who disavow Maduro  Reuters

South Africa’s ANC puts jobs, growth at heart of 2019 election campaign  Reuters

Pompeo says Venezuela’s Maduro government is ‘illegitimate’  Reuters

EWZ  Brazil says it recognizes Venezuelan opposition leader as president  Reuters

Linger  EWC KSA  Canada Grants Refugee Status to Saudi Teen  Wall Street Journal

Russia Ukraine

Russian Navy to put over 30 Poseidon strategic underwater drones on combat duty – source  TASS

Cold War Games: U.S. Is Preparing to Test the Waters in Icy Arctic  “Navy explores expansion of operations in far North, going head-to head with rivals Russia and China”  wsj

Russia’s Baltic Fleet to embark on over ten long-distance missions in 2019  TASS

Trump: I have been tougher on Russia that any other president  The Hill

Middle East

After mass riots on Gaza border, US envoy says Hamas ‘putting lives at risk’  Times of Israel

World Bank: Lebanon GDP to Grow 0.3 Percent in 2019  Al Bawaba

Migration to Gulf for jobs drops 62% over 5 years  Economic Times of India

Pompeo says good outcome possible for both Turkey and Syrian Kurds  Reuters

Outgoing IDF chief: Israel has struck ‘thousands’ of Iranian targets in Syria  Times of Israel

KSA  Saudi Arabia hopes naval exercises in the Red Sea lead to greater clout in East Africa  LA Times

Isis Terror

Syria says Israel fired missiles toward Damascus, hit airport warehouse  Reuters

U.S. Moves Some Cargo From Syria but Pace of Withdrawal Uncertain  Wall Street Journal

IDF Chief: Israel has complete intelligence, aerial superiority in Syria  Jerusalem Post

Turkey sends more reinforcements to border with Syria’s Idlib  Reuters

Afghan official: Taliban attack on checkpoint kills 5 police  AP

Climate Change

Hong Kong chokes under haze and high pollution levels, clearer air expected with next week’s monsoon  South China Morning Post

Swiss shipping line starts clean up of Dutch waters after container spill  Reuters

Medical Marijuana

NJ Doctor Suspended for Recommending Medical Marijuana to Thousands of Patients  High Times

Medical Marijuana Recalled From Two Michigan Dispensaries Due to Failed Lab Tests  High Times

Cannabis Watch: The weed middleman that expects to make billions as the Sunkist of pot  “Flow Kana is trying to prove pot distribution is a real business, and leaked documents show it is telling prospective investors to expect revenue of more than $2 billion in 2022”  Marketwatch

Why CBD is the hottest new wellness trend  Daily Mail

Ontario Cannabis Lottery Results: 25 Licenses Granted From Nearly 17,000 Applications  Leafly

Francis Ford Coppola’s New Cash Crop: $99 Eighth-Ounces  Leafly

Economics

Fed Releases Detailed Transcripts of 2013 Policy Meetings  “v”  Wall Street Journal

Shutdown becomes longest federal closure in US history  The Mercury News

America is missing out in ‘Asianization of Asia’  “Author Parag Khanna says world’s future lies in the region”  Nikkei

California has a new plan to give a monthly check to low-income residents  Fast Company

Politics

Trump taps Commerce watchdog to be new Interior inspector general  The Hill

Democrat Gabbard says she will run for U.S. president in 2020  Reuters

FBI investigated President Trump for possible secret Russian favors, reports say  USA Today

GOP senators propose bill to pay ‘excepted’ workers during shutdown  The Hill

Pelosi says there’s ‘interest’ in taking action on Steve King  The Hill

Ivanka Trump is reportedly being considered to head the World Bank, whose leader is traditionally picked by US  South China Morning Post

Avenatti says he and Stormy Daniels will attend Michael Cohen’s House hearing  Politico

Democrat Julian Castro expected to launch 2020 U.S. presidential bid  Reuters

Trump Lashes Out at FBI After NYT Report on Russia Inquiry  Fortune

NewsWatch: Republican senators roll out bill that would end all future shutdowns  Marketwatch

House Dems Hoping to Stifle Alexandria Ocasio-Cortez Are Only Hurting Themselves  New York Magazine

What the Democrats need to do to crush Trump in 2020  NY Post

Trump falsely claims ‘drug prices declined in 2018’  Stat

The government shutdown is disrupting retirement plans for some federal employees  Washington Post

Opinion  What the Democrats need to do to crush Trump in 2020  NY Post

Opinion

Slashed profit expectations may set stage for gains  Reuters

Lawler: VERY Early Read on Existing Home Sales in December  Calculated Risk

The Border Patrol Has Been a Cult of Brutality Since 1924  The Intercept

Barron’s

NTDOY AAPL  Apple’s Next Big Move? It Should Buy Nintendo  “With its shares down nearly a third in the past three months and the financial guidance bombshell earlier this year, the burning question turns to what Apple can do to spark a turnaround.”  Barron’s

MAS  This Plumbing Supplier is a Cheap Buy  “Shares of plumbing supplier Masco have been circling the drain for a year, but now look attractive. Housing is cooling, but fears of a sharp downturn seem overblown. “  Barron’s

Barron’s 2019 Investment Roundtable, Part 1  “Consider the panoply of problems on which our panelists dwelled: a rising ocean of corporate and government debt, a debilitating trade conflict, fake earnings, tech disruption, political paralysis, the withering of the middle class”  Barron’s

The Best Bond and International Funds for Risky Markets  “The days of low volatility and central banks working in tandem as a backdrop for global markets may be a thing of the past—and that could be troublesome for investors that have loaded up on risk, which, these days, is most investors.”  Barron’s

Airline Stocks Are Pricing In a Downturn. We Disagree.  “U.S. airlines appear to be priced like they’re about to go out of business. Again. Shares of the major carriers are trading at less than eight times 2019 earnings. That’s a 45% discount to the broader market, even though airlines have higher operating margins and better free cash flow than the average company.”  Barron’s

And the Winner Is…  “Tom Kaempfer, 36, got a score of 11 out of a maximum possible total of 18. He correctly predicted the worst-performing stock in the Dow Jones industrial average—General Electric. “  Barron’s

Nasdaq Gains 3.5% in a Fit of Extreme Buying  “The world is neither as frightening as we fear nor as safe as we hope—and that’s something investors should keep in mind as the market whipsaws from extreme losses to sizable gains.”  Barron’s

BMY CELG  Why Bristol-Myers Squibb Can Be a Sweet Pill for Investors  “Bristol-Myers Squibb has trumpeted its deal for Celgene as an opportunity to create the No. 1 producer of cancer treatments and an earnings powerhouse. Wall Street isn’t convinced.”  Barron’s

Regions Financial: Real GDP Growth of 2.6% in 2019  “Yesterday, Bostic suggested that, in his mind, what we probably need is just one more interest-rate hike this year to complete the Fed’s task of policy normalization.”  Barron’s

GOOGL  What I Saw at the Consumer Electronics Show  Barron’s

C  A Sentiment Index That Shows You How Nuts This Market Has Really Been  “Citi Research Panic-Euphoria Reading recently demonstrated just how crazy markets have been.”  Barron’s

Jeffrey Gundlach on the Growth of U.S. Debt  “about the growing federal deficit, the national debt, and the potential for a fiscal crisis.”  Barron’s

BHE HIIQ  Engaged Capital Helps Rethink Benchmark Electronics  Barron’s

Opinion  TGT ISRG FC  Positive Takes on Target, Intuitive Surgical, Franklin Covey  Barron’s

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