Early Global News: Saturday January 5th, 2019

Early Global News

Saturday January 5th, 2019


No breakthrough in U.S. shutdown talks despite ‘productive’ meeting  Reuters

AAR: December Rail Carloads up 2.9% YoY, Intermodal Up 5.0% YoY  “U.S. freight rail traffic in December and the full year 2018 was mixed, but for the most part was positive.”  Calculated Risk

Schedule for Week of January 6th  “10:00 AM: the ISM non-Manufacturing Index for December. The consensus is for a decrease to 58.4 from 60.7.”  Calculated Risk


3008.TW  Largan reports monthly drop of more than 19% in December sales  “Taiwan-based smartph3008.twone camera lens maker Largan Precision Co., one of the major suppliers to Apple Inc., reported Saturday a monthly decline of more than 19 percent in its sales for December 2018, citing weaker global demand.”  Focus Taiwan

AMZN  De Blasio vows to demand Amazon end business dealings with ICE  NY Post

SSNLF QCOM  Samsung, Huawei supply majority of own modem chips, Qualcomm says  Reuters

FB  The Golden Globes Red Carpet Preshow Will Livestream Exclusively on Facebook Watch  Adweek

AVAV  UK considers 5km drone exclusion zone around airports  Financial Times

SFTBY  Indonesia’s new stock-trading app gets SoftBank backing  Tech in Asia

Linger  GTN  The former Raycom stations will join the legacy Gray stations in handling all local, regional, and national business directly with their buyers.  Press Release

Linger  MO  Juul’s $13 Billion Deal With Marlboro Maker Isn’t Sitting Well With the FDA  Gizmodo

Linger  AAXN  More than half of Axon employees opt into high-risk, high-reward compensation plan  Business Journals

Pharmaceuticals Healthcare

ABBV  Abbvie to record $4 bln impairment charges on Stemcentrx assets  Reuters

A glass of wine a night may HELP heart failure patients live up to two years longer  Daily Mail

RGLS  Regulus Announces Preliminary Results of Planned Interim Data Analysis of RGLS4326 in New Mouse Chronic Toxicity Study  “No Adverse or Other Significant Findings to Date Across All Dose Groups Tested. Data Package to Be Submitted to FDA to Support Potential Resumption of Phase 1 Clinical Study”  Press Release

ALDR  Alder Biophrmaceuticals pursuant to which we may offer and sell from time to time through the Sales Agent up to $100,000,000 maximum aggregate offering price of our common stock  SEC Filing

ARVN  Arvinas Receives Authorization to Proceed for its IND Application for PROTAC™ Therapy to Treat Patients with Metastatic Castration-Resistant Prostate Cancer  Press Release

Entertainment Games

CBS  JonBenet Ramsey’s brother settles lawsuit with CBS -attorney  Reuters

SPOT P  Pandora beats Spotify to offline playback on the Apple Watch  The Verge

DIS NFLX  Disney+ won’t debut any Star Wars movies for streaming – CNET  “And even CEO Bob Iger doesn’t know how much Disney will charge for subscriptions to its Netflix rival, according to a report.”  Cnet

CHTR  Spectrum offers Apple TV 4K to subscribers for $7.50 per month  AppleInsider

T  ‘Extra’ Has Received No Complaints Against Host A.J. Calloway As He Faces Two More Allegations Of Sexual Assault  Deadline

Sony Pictures Entertainment and AT&T Shop GSN Games Unit (EXCLUSIVE)  “Sony Pictures Entertainment and AT&T are awaiting the first round of bids for GSN Games, a unit of the GSN cable channel that produces social and casino games.”  Variety

A  ‘Fortnite’ Action Figures Include Delightful Building Element, Lots of Loot Boxes  Variety

AMZN  Can gamers build a society? We’ll find out in Amazon’s ‘New World’  Digital Trends

Casinos Gambling

BYD HHC  Wilton tribe begins soil tests for future $500 million Elk Grove casino  Business Journals

WYNN  Nevada judge shields Wynn documents in Massachusetts review  Boston

Travel Hotel

Amid Shutdown, TSA Screeners Call in Sick To Find Other Jobs To Pay Their Bills, Report Says  Fortucnnne

Boom Technology closes $100 million round to fund supersonic jet  “The company, which is based at Centennial Airport in Arapahoe County, has now raised more than $141 million.”  Business Journals

Singapore Airlines customer logs into account, sees stranger’s personal data  ZDNet

DHS denies CNN report that hundreds of TSA agents working without pay during shutdown are calling in sick  The Hill


VLKAY  Audi cancels its European Delivery option for U.S. buyers  Autoblog

TSLA  Report recommends mileage-based fee for EVs in California  “UC Davis says ZEV registration fees aren’t enough to fund road repairs”  Autoblog

Heavy-Duty Truck Orders Tumbled 43% in December  “Analysts say a hefty backlog still will produce the strongest manufacturing year for big rigs in more than a decade”  Wall Street Journal

EIX TSLA  Southern California Edison Increases Plug-In Vehicle Rebate To $1000 For 2019  Clean Technica

F  Ford aims to impress cops, frighten criminals with hybrid police SUV  Digital Trends

VLKAY  German state of Baden-Wuerttemberg sues VW for damages: FAZ  Reuters

TSLA GM  Tesla urges tariff exemption for Chinese-made car computer ‘brain’  Reuters

TM  Japan edges closer towards brave new world of self-driving cars but hard questions remain  South China Morning Post

Taiwan records more than 2% drop in car sales for 2018  Focus Taiwan


HVT  Amazon’s online Showroom shows you if different furniture goes together  Engadget

KONA  Kona Grill faces Nasdaq delisting for low market value  Business Journals

MO  F.D.A. Accuses Juul and Altria of Backing Off Plan to Stop Youth Vaping  NY Times

AMZN WMT  Amazon and Walmart Team Up to Fight New Indian E-Commerce Rules  Fortune

3:30pm Friday  SBUX NSRGY  Nestle signs lease for U.S. coffee headquarters in Seattle after Starbucks deal  Business Journals


NOK VZ  Nokia 2V specs seen online; is a rebranded Nokia 2.1 for Verizon  GizmoChina

Cutting the cord: Landline phone use halves as data soars  Sky News

Facial recognition doesn’t work as intended on 42 of 110 tested smartphones  ZDNet

Apple elaborates on iPad Pro precision manufacturing process, reiterates 400 micron tolerance for bends  AppleInsider

3:43pm Friday  The Class Action Filed against Apple over Meltdown and Spectre Security Flaws built into all ARM-based iDevices has been dismissed  “A U.S. District Judge has dismissed a class action lawsuit brought against Apple for its handling of the Meltdown and Spectre vulnerabilities in ARM-based processors, which the plaintiffs blamed for slowing down iPhones, iPads, and other products with A-series chips.”  Patently Apple

Energy Commodities

PCG  PG&E seeks to make changes to its board  Reuters

PCG  PG&E Shares Plunge 30% On Reports Of Possible Bankruptcy Filing  Zero Hedge

PCG  Devastating Wildfires Force California’s Largest Utility To Plan Sale Of Gas Assets  NPR

Opinion  INDA  Oil to hover in $60 to $80 range in 2019, says analyst Yergin  “India looks particularly promising as investment market for the industry”  Nikkei


EWU  Food prices to surge 10% after year of extreme weather cripples crop growth  “Christmas offers are about to end and prices are expected to rise by up to ten per cent, according to experts”  The Mirror

GREK  One dead, two missing after blizzards hit Greece  Reuters

Clarification regarding press reports on President Juncker comments on a European unemployment insurance  “Clarification regarding press reports on President Juncker comments on a European unemployment insurance”  Nikkei

Linger  EWQ  French ‘yellow vests’ keep up pressure on unrepentant Macron  Reuters


China kicks off month-long winter festival in northern city of Harbin  Reuters

Air pollution in Beijing, Hebei down 12pc in 2018  South China Morning Post

Recordings by law enforcement will be expanded nationwide  China Daily

China’s research papers lead the world in cutting-edge tech  “Nikkei and Elsevier place the country atop 75% of the most important fields”  Nikkei


EWT  Thailand resumes flights, ferry services as tropical storm slows  Reuters

EWT  Taiwan president calls for international support to defend democracy  Reuters

INDA  19 million applicants for 63,000 openings: job hunting in modern India  South China Morning Post

EWY  Seoul shares likely to show volatility next week  Korean Herald

INDA  India’s generous giveaways threaten fiscal health before election  “Government unlikely to meet deficit target of 3.3% as revenues slide”  Nikkei

EWJ  Labor shortage drives more bankruptcies in Japan  “Lack of workers and rising costs increasingly cited in business failures in 2018”  Nikkei


EWA  Bushfires rage in Australia’s southeast but Sydney temperatures could drop  Reuters

EWZ  Brazil troops deploy to stop criminal attacks in northern city  AFP

Venezuela’s parliament rejects legitimacy of Maduro second term  AFP

Russia Ukraine

US Arrests Russian in Guam on Defense Export Violation Charges  Sputnik

Ecumenical Patriarch signs decree granting Ukraine church independence  Reuters

Jailed American spent years collecting Russian contacts  Boston

Middle East

Palestinian President Mahmoud Abbas’s official TV offices in Gaza ransacked, equipment destroyed  “Station officials immediately blamed Hamas for the attack”  South China Morning Post

EGPT  Egypt Tried to Block Broadcast of CBS Interview With President Sisi  NY Times

Iran says despite U.S. sanctions, it has found new ‘potential’ oil buyers  “China, India, Japan, South Korea and other countries that were granted waivers from America to import Iranian oil are not willing to buy even one barrel more from Iran,”  Reuters


U.N. divided over how to react to Congo’s election problems  Reuters

Linger  Fearing Congo violence, U.S. deploys small military force to Gabon  Jerusalem Post

Isis Terror

US has no timeline for troop withdrawal from Syria: Official  PressTV

EWU  Syrian forces tell Britain to take back the ‘filth’ who fled the UK to fight for ISIS  Daily Mail

Bolton warns Syria against use of chemical weapons  Reuters

Netanyahu and Putin discuss situation in Syria after US withdrawal  DEBKAfile

Medical Marijuana

Washington’s governor will pardon people convicted of misdemeanor marijuana possession — six years after the state legalized recreational pot  Business Insider

Canada legalized pot in October. But its black market is still going strong.  Washington Post

Stars turning to CBD to survive hours in high heels  NY Post


“The Impact Will Multiply”: Government Shutdown Aftershocks Are Hitting the U.S. Economy  Zero Hedge

Record US$3.1 million paid in New Year’s tuna auction at Japan’s new market  Channel NewsAsia

Public and Private Sector Payroll Jobs During Presidential Terms  Calculated Risk


Court extends Mueller grand jury  The Hill

GOP lawmaker calls Warren ‘Sacagawea’ during Fox News appearance  The Hill

Rep. Rashida Tlaib Is Unapologetic About Her Expletive-Filled Call for Trump’s Impeachment  Fortune

Trump says Jim Webb is not under consideration for defense secretary  The Hill

Tax-Season Plan for Shutdown Coming Soon, Treasury Says  Wall Street Journal

White House exploring ways to stop raises during shutdown  Boston

Trump: ‘I don’t care’ that most federal employees working without pay ‘are Democrats’  The Hill

Trump reportedly said ‘f–k’ several times during a meeting with Nancy Pelosi, and later apologized  Business Insider


Record Numbers of Americans Want to Leave the U.S.  Gallup

Marriott breach included 5 million unencrypted passport numbers  “In the future, they could be used to stabilize telescopes studying exoplanets.”  Engadget


ZTCOY  China could ‘weaponise cities’ if it controlled 5G networks, retired US general says  “Others suppliers will not be able to compete with government-subsidised offerings from Huawei and fellow Chinese gear maker ZTE Corp, he says”  South China Morning Post

EU-China relations face a bumpy road in the year ahead  “An increasing mismatch is opening up between the European Union and China, particularly in the field of technology”  South China Morning Post

An ‘Extinction Event’ Is Unfolding in Washington State as Two More Endangered Orcas Fall Ill  (default)


AL  Air Lease Shares Are Down and Could Be a Bargain  “For an investor with a two- to three-year time frame, however, this seems a relatively inexpensive price for a well-managed aircraft-leasing company. On the other side of a putative slowdown, the stock could approach its old high of $50.”  Barron’s

The Evolution of ESG  “Barron’s third annual performance ranking of the most sustainable, ESG-oriented funds highlights dozens of funds that beat the market by focusing on good corporate governance and other measures of social and environmental sustainability.”  Barron’s

Values and Value Stocks—How to Beat the Market  “As sustainable investing evolves, it looks more and more like good, old-fashioned stock-picking. In this Fund Quarterly, Barron’s talks to Jerome Dodson of Parnassus about his nearly 35 years of investing sustainably, and ranks the performance of the most sustainable funds.”  Barron’s

Who’s Not on Our Top Sustainable Funds List—And Why  “We selected the top U.S. large-company, actively managed funds with the most sustainable portfolios, and ranked them by one-year returns.”  Barron’s

Blame the Bankers for Bad Corporate Behavior  Carson Block Whitney Tilson  Barron’s

Dow Gains 370 Points as Recession Fears Recede  “The market is acting like a teenager, responding to every rumor about their crushes with pure emotion. Is it finally ready to grow up?”  Barron’s

Utility Stocks Can Be Steady Performers in Times of Turmoil  CFRA  Barron’s

AAPL  Why There’s Still Plenty of Value in Apple’s Core  Barron’s

NAV  Navistar Offers a Low Price, a Clean Balance Sheet, and a Possible Suitor  Barron’s

Leaders & Laggards—Fourth Quarter 2018  Barron’s

FUR.NETHERLANDS  A European Small-Cap Poised to Pop  Barron’s

It’s Been a Rough 20 Years for Stocks. The Next 20 Should Be a Lot Better  “Twelve months ago, stocks were coming off a 22% return in 2017 and feeling fine, thank you very much—until September. “  Barron’s

Our New Year’s Wishes: Calm Markets, Fat Dividends, a Successor to the iPhone  “But a new year inspires hope that things will be better for Wall Street and the world. Here are our colleagues’ wishes for 2019. May they all come true—by Feb. 1, at the latest.”  Barron’s

The Inventor of the Apple Store on Retail Revolutions  Barron’s

CVS GM  Four Low P/E Stocks That Look Like Good Bets  Barron’s

CES Opens at a Perilous Time for Tech  “v”  Barron’s

No, the Best Brands Don’t Make the Best Stocks  “Peter Lynch made a fortune for Fidelity Magellan investors decades ago with a simple investing maxim: Buy what you know. But the idea of picking stocks based on brands or reputation—walking the mall to see what people are buying—is easier said than done.”  Barron’s

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