Early Global News: Sunday March 24th, 2019

Early Global News

Sunday March 24th, 2019

Macro

China refuses to concede on U.S. demands to ease curbs on tech firms  Financial Times

U.S. gov’t warns there’s a spring flood risk for two-thirds of the Lower 48  Mashable

Schedule for Week of March 24, 2019  Calculated Risk

Chinese officials vow to boost imports and foreign investment  “Speaking at the China Development Forum (CDF) on Sunday, Chinese Vice Premier Han Zheng promised to further boost imports, shorten the negative list and facilitate customs clearance.”  CGTN

Companies

JPM  Turkish watchdogs to probe JP Morgan after lira plunge  Reuters

WFC  Warren, Brown Urge Regulators to Oust Wells Fargo CEO Sloan  Bloomberg

IDTI  Renesas and IDT Announce Final Regulatory Approval for Renesas’ Proposed Acquisition of IDT  “Acquisition Expected to Close on March 29, 2019 PDT/March 30, 2019 JST”  Press Release

AVP  Avon Comments in Response to Natura Announcement  Press Release

BABA  Chinese giant Alibaba acquires Israeli artificial reality startup  Times of Israel

SSNLF  Police raid surgeon’s office in possible probe against Samsung heiress  Korean Herald

GOOGL  Google apologizes as users report Google Maps are all over the map  Asahi Shimbun

Opinion  FWB: BAS  Trade war ‘uncertainty’ is affecting the world’s top chemicals firm, and it wants a quick deal  “In January, BASF inked a $10 billion framework agreement with the Guangdong government to build a chemicals complex in China’s most populous province.”  CNBC

Stake Changes

TSX: ONEX  Onex Agrees to Acquire Gluskin Sheff  “Together they will provide investors with a comprehensive investment offering across both private and public markets”  

ZM  Conferencing platform Zoom Video Communications files for an estimated $300 million IPO  SEC Filing

DB  Deutsche staff banned from selling shares during merger  Financial Times

Pinterest is growing, but not as fast as Twitter or Snap were when they filed their IPOs  “Pinterest just filed for its IPO, and the big question will be whether it’s a social media company, an e-commerce company, or a search company.”  re/code

Opinion  LEVI  The Trouble With the New IPOs  Barron’s

Pharmaceuticals Healthcare

MYGN  5,000 breast cancer sufferers could be spared chemotherapy if offered gene testing, study suggests  The Telegraph

HOOK  Cancer biotech Hookipa Pharma files for a $86 million IPO  SEC Filing

RDUS  Radius Health Presents Analysis from Phase 3 ACTIVE Trial and Data from Preclinical Studies for TYMLOS® (abaloparatide) Injection at ENDO 2019 Annual Meeting  Press Release

Linger  Addiction: The New Retirement Threat  Barron’s

Entertainment Games

VIA T  Viacom, DirecTV Go Down to Wire in Carriage Renewal Talks as Blackout Looms  Variety

ATVI  Blizzard Says Overwatch Toxicity Is Down 40 Percent  Kotaku

AAPL  Bloomberg: Apple’s ‘Netflix for games’ service will payout to developers based on time spent playing each title  9to5Mac

GME SNE  PlayStation does the smart thing, stops selling digital codes at physical stores  Digital Trends

AAPL  Apple’s rumored game service wouldn’t include ‘freemium’ titles  Engadget

DIS  Captain Marvel zooms past Wonder Woman on way to $900 million  Cnet

DraftKings opening new headquarters as it plans expansion  Boston

Opinion  TV Streaming Is Too Fragmented and Too Complicated. This Needs to Change.  Barron’s

Linger  GOOGL  Gaming Meets the Cloud and Investors Scramble to Catch Up  Barron’s

Blockchain Bitcoin

Study Finds That Overwhelming Majority Of Bitcoin Trading Volume Is Faked  Zero Hedge

Denver and West Virginia Deserve Praise for Voting on Blockchain  Fortune

Wall Street Embraced Bitcoin As the Next Big Thing. But Crypto Slumped and the Party Got Postponed  Barron’s

Study Finds The Majority Of Bitcoin Trading Is A Hoax  Ubergizmo

Opinion  Why I believe the future of work is on the blockchain  The Next Web

Drones Robots

Self-healing 3D-printed gel has a future in robots and medicine  Engadget

University studies benefits of herding sheep with drone  BBC World News

Casinos Gambling

CZR  TV tonight: ’60 Minutes,’ Showtime series explore sports gambling  The Mercury News

Powerball jackpot now $750M after no winning ticket drawn  USA Today

Social Media

Pinterest is distancing itself from social networks as it goes public  Quartz

AMZN  Canada’s film board to release a documentary about Twitch streamers  Engadget

AAPL  Apple mulled distributing original video content on third-party platforms, report says  “The tech giant, in a tectonic shift, is diversifying beyond hardware into services — and paying stars more than $1 million an episode”  Washington Post

Social media decacorn Pinterest files for an estimated $1.0 billion IPO  SEC Filing

GOOGL FB  Lithuanian Pleads Guilty To Stealing $100 Million From Google, Facebook  Slashdot

FB GOOGL  Facebook, Google face steeper privacy fines under Australia plan  Economic Times of India

Family tracking app leaked real-time location data for weeks  Engadget

GOOGL  Google promoting Play Store editorial stories, lists with app notifications  9to5Google

Opinion  FB TWTR GOOGL  Should social media live-streaming be banned?  Economic Times of India

FaceBook

87,000 groups on WhatsApp targeting voters  Economic Times of India

FB TWTR SNAP  What’s the cost of buying users from Facebook and the other ad networks?  TechCrunch

Secret emails show Facebook knew about Cambridge Analytica earlier than they’ve said, DC AG claims  BoingBoing

Opinion  Facebook Now ‘Vulnerable’ To Government Regulators, Analysts Warn  Slashdot

Opinion  FB  Facebook Ever-More Vulnerable to Policy Risks, Analysts Warn  Fortune

Travel Hotel

(RCL CCL NLCH)  Passengers airlifted from cruise ship stranded off Norway  Reuters

DIS  No attack at Disneyland Paris, escalator problem caused panic: authorities  Reuters

BA LUV  U.S. airlines prepare for 737 MAX tests, Southwest parks jets near desert  Reuters

EWQ  1 million expected at blockbuster Tutankhamun show  Shanghai Daily

CPCAY  Measles outbreak in Hong Kong hits five-year high, as Cathay Pacific flight attendant becomes latest to go down with highly contagious disease  South China Morning Post

LUV BA  Southwest says sending teams to review Boeing’s 737 MAX upgrade  Reuters

CCL RCL  Cruise operators hope to cash in on rising demand  China Daily

YAHOF  On the move? Indian firm ties up with Yahoo to cut the hassle  “The largest hotel chain Oyo in India is teaming with Yahoo Japan Corp. to launch a real-estate rental business in Japan, allowing would-be lodgers to complete all steps for moving in and out using an app.”  Asahi Shimbun

BA  Ethiopian Airlines defends its Boeing planes after deadly crash  Reuters

Home-bound Singapore Airlines flight from Newark cancelled after aerobridge collision  Channel NewsAsia

BA  Boeing Software Updates to Fix Anti-Stall System ‘Tentatively’ Approved by FAA: Report  Gizmodo

Flying taxi startup Blade is helping Silicon Valley CEOs bypass traffic  Techcrunch

Auto

SFTBY  Indian state open for talks with Uber rival Ola over ban  Reuters

Jaguar Land Rover Korea introduces upgraded Velar  Korean Herald

TSLA  Hackers crack Tesla Model 3 in competition, Tesla gives them the car  Electrek

TSLA  Tesla Autopilot now gives red light warnings & right of way for lane changes  Electrek

GELYY  Chinese Geely car officially available in Tunisian market  Xinhua

Opinion  GSVC  Investors Should Steer Clear When Lyft Goes Public  Barron’s

Linger  TSLA  Elon Musk defends tweets in SEC’s contempt proceedings  TechCrunch

Retail

UA  Under Armour to use Hong Kong as its launching pad for Asia-Pacific growth and competition with bigger sportswear rivals  “The company will open a regional headquarters in Hong Kong this year”  South China Morning Post

MNST  Monster Energy recalls beverages because of risk from glass fragments  Food Safety News

Henry Avocado Recalls Whole Avocados Because Of Possible Health Risk  USFDA

Linger  AMZN  Amazon builds empire of own-brand products – from milk to blood monitors  The Telegraph

Apple

Apple boss Tim Cook urges China to keep opening up its economy  “‘The fire burns higher if more people bring wood to it’, Cook says, repeating words once used by Chinese President Xi Jinping”  South China Morning Post

February  Next iPhone rumored to adopt ‘Wireless PowerShare’ tech for powering other devices, fast USB-C PD charging  AppleInsider

Energy Commodities

Ministry eyes subsidy plan for nuclear energy generation  “The economy ministry is weighing the introduction of a subsidy system paid to electricity producers who use nuclear plants to offset massive costs to meet tougher safety standards after the 2011 disaster.”  Asahi Shimbun

Midwest farmers see crops swept away by flood  The Mercury News

PBR  Petrobras reviewing a deal with China’s CNPC to build an oil refinery  MercoPress

NWN  NW Natural Water Signs Agreements to Purchase Water Companies in Idaho and Washington  Press Release

(FSLR)  Saudi Arabia to tender construction for Mecca 600MW solar project: energy ministry  Reuters

VALE EWZ  Brazilian villages evacuated after warnings of dam collapse  “Mining giant Vale raised level of risk at a dam in Barão de Cocais to highest alert meaning rupture is imminent”  The Guardian

AA  Japan aluminum makers boost US output as tariffs roil market  “Steelmakers on edge as Washington slow-walks on levy waivers”  Nikkei

Linger  Houston petrochemical disaster stretches to sixth day, impacting key port  Reuters

Linger  GLD  Gold imports dip 5.5 pc during April-February to $29.5 bn  India  Economic Times of India

Europe

EWU  ‘One million people’ join march to demand second EU referendum  Sky News

ES  Spain’s Socialists lead, short of majority: poll election  Reuters

Online Petition Site Crashed By Millions of ‘Cancel Brexit’ Signers  Slashdot

Opinion  This is China’s playbook to pit EU countries against each other  Business Insider

Politics  Richard Branson calls for new Brexit vote  BBC World News

Linger  EWI  Italy signs deals worth 2.5 billion euros with China  Reuters

China

Central China bus blaze kills at least 26, injures 28  South China Morning Post

China’s per capita spending on culture, entertainment rises  “China’s per capita spending on culture and entertainment rose to 850 yuan (126 U.S. dollars) in 2017 from 570 yuan in 2013, according to the Ministry of Culture and Tourism.”  Xinhua

Nearly 63 pct Chinese children sleep less than eight hours per day  Xinhua

U.S. official denounces ‘choreographed’ visits to China’s Xinjiang  Reuters

China will buy more US goods, top official says ahead of latest trade talks  South China Morning Post

Asia

EWT  Presence of U.S. ambassador at Tsai banquet significant: scholars  Focus Taiwan

EWT  Confidence in economy improves in March  Taiwan  Focus Taiwan

Manpower demand from manufacturing sector up over 11%  Taiwan  Focus Taiwan

Bank of Japan’s tankan like to show slump in manufacturing sentiment, projections say  Japan Times

EWT  Confidence in economy improves in March  Focus Taiwan

EWT  Continuous trading simulation platform to open Monday  Focus Taiwan

How long can North Korea ‘muddle through’ its sanctions-related economic woes?  “Dealing with a falling, China-reliant economy is believed to be weighing heavily on North Korean leader Kim Jong-un”  South China Morning Post

EIDO  Earthquake of 6.3 magnitude strikes off Moluccas Islands, Indonesia  USGS

Futurelook  EWJ  Major Mount Fuji eruption would shower about 1.5 cm of ash on central Tokyo: disaster management team  Japan Times

Linger  Speculation grows over NK’s next move  Korean Herald

International

Venezuela’s Guaido says Maduro is in his final phase  Reuters

Magnitude 6.1 quake hits western Colombia: USGS  Reuters

Venezuelan President Nicolas Maduro accuses US of financing mercenary ‘plot’ to assassinate him  South China Morning Post

US sanctions against Venezuela’s bank will affect 24 million clients — foreign ministry  TASS

Wife of Venezuelan opposition leader to Maduro: ‘Enough already!’  Reuters

Over $30 billion seized from Venezuela’s foreign accounts in two months — minister  TASS

Maduro announces arrest of Colombian paramilitary leader  Xinhua

Russia Ukraine

‘All for all’ prisoner swap in Donbass might be arranged in 5 days — Ukrainian politician  TASS

Russian protesters rally against Kremlin policies  AFP

Best of frenemies: Official relations are good, but Russians grow wary of Chinese investments  “Halting the building of a bottling plant on Lake Baikal was an environmental victory, but experts note the anti-Chinese animus that helped fuel it”  SCMP

Middle East

KSA  Saudi-led coalition attacks drone storage caves in Yemen’s capital: SPA  Reuters

IDF strikes Gaza cell that launched firebombs toward Israel; 3 said wounded  Haaretz

IDF: 300 explosives thrown at forces on Gaza border  Jerusalem Post

Millions of babies are starving in Pakistan despite an abundance of food in the country  South China Morning Post

Abbas slams Hamas: Gaza’s ‘oppressors’ belong in ‘garbage bin of history’  Times of Israel

Saudi index retreats from near four-year high, other Gulf markets weak  Reuters

KSA  Royal adviser fired over Khashoggi murder absent from Saudi trial: sources  Reuters

Africa

South African tax workers to strike over pay dispute  Reuters

KSA  Saudi-led coalition attacks Houthis in Yemen’s capital: Al-Arabiya TV  Reuters

The roots of the mounting crisis between Rwanda’s Kagame and Uganda’s Museveni  Quartz

At least 134 Fulani herders killed in central Mali’s worst violence yet  Reuters

Linger  Death toll from southern Africa cyclone, floods exceeds 700  Reuters

Isis Terror

Terrorism fears as 3,000 UK children a year go to ‘jihadi’ schools in Pakistan  Daily Mail

Syrian state media says rebels shell village with gas, injuring 21  Reuters

ISIS ‘plotting more attacks in Europe with “crocodile” cells’ as caliphate falls  The Mirror

Climate Change

XYL AWK  Flooding impairs drinking water treatment for Kansas City, Missouri  Reuters

Tim Cook calls for focus on climate change and global economy in China Development Forum speech  9to5Mac

(VEOEY)  Get ready for another chronic water shortage this summer  India  Economic Times of India

EWZ  Jair Bolsonaro says Brazil owes world nothing on environment  Japan Times

Fracking plan ‘will release same C02 as 300m new cars’  UK  The Guardian

Medical Marijuana

High time? Barneys New York delivers designer bongs, Gucci ashtrays to wealthy Beverly Hills stoners  “Department store is selling hand-blown glass bongs, jewellery inscribed with the words ‘lighten up’ and cannabidiol cosmetics at California outlet”  South China Morning Post

Whoopi Goldberg urges NJ lawmakers to legalize weed  NY Post

Economics

New Hedge Fund Launches Tumble To Lowest Since 2000  Zero Hedge

How Your Kids Can Ruin Your Retirement — and How to Make Sure They Don’t  Barron’s

Marty Feldstein Warns “The Debt Crisis Is Coming”  Zero Hedge

Politics

Privacy group sues for public release of Mueller probe report  Reuters

Pelosi calls Mueller report summary ‘insufficient,’ seeks full report  Reuters

Mueller report findings could be a ‘good day’ for Trump, Dem senator says  The Hill

Medicare for All Would Abolish Private Insurance. ‘There’s No Precedent in American History’  NY Times

Mueller’s end shifts focus to New York prosecutors  The Hill

Barr preparing a summary of Mueller report’s key conclusions  Boston

Gillibrand to call Trump a ‘coward’ in campaign kickoff speech  The Hill

Trump’s U.N. pick showered key GOP senators with donations  Politico

Linger

41% Of New York Residents Say They Can No Longer Afford To Live There  Zero Hedge

The Dow Drops 347 Points as Bonds Throw Market a Curve  Barron’s

BAYRY  Bayer’s Deal for Monsanto Looked Like a Winner. Now It Looks Like a Lesson in How Not to Do M&A  Barron’s

RELX  How Comic Con’s Owner Is Harnessing Tech to Power Its Stock  Barron’s

Futurelook

PSO  The world’s best teachers weigh in on creativity—and whether we should test for it  Quartz

A start-up aims to launch China’s first privately-backed orbital rocket  Quartz

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