Early Global News: Thursday January 3rd, 2019

Early Global News

Thursday January 3rd, 2019

Macro

U.S. fund investors yank most cash from stocks since February: ICI  “More than $21 billion tumbled out of stock funds during the week ended Dec. 26, the most since February 2018.”  Reuters

Thursday: ADP Employment, Unemployment Claims, ISM Mfg Survey, Auto Sales, and More  Calculated Risk

Companies

GOOGL  Google gets FCC approval to use radar-based motion sensor  “The sensor allows you to control your gadgets and device features with hand gestures.”  Cnet

LTRX  Lantronix Expands Partnership with Ingram Micro in China  Press Release

VMI  Valmont Acquires Industry-Leading Provider of Wireless Concealment Solutions  Press Release

POL  PolyOne Announces Acquisition of Fiber-Line  Press Release

WELL  Welltower Agrees To Purchase 55 Medical Buildings From CNL Healthcare Properties  Press Release

SUN.AX  Australia’s Suncorp inundated with claims after Sydney hailstorm  Reuters

TCEHY  Tencent Artificial Intelligence Lab Head Zhang Tong Resigns  China Money Network

TAP.L  Taptica starts talks with unnamed acquisition target  Shares Magazine

NMRK ESRT SLG VNO  Manhattan property prices retreat as glut persists  “The median price of a Manhattan apartment has fallen below $1m for the first time in three years, according to a survey of sales”  Financial Times

Huawei will focus on Cyber Security and Privacy Protection in 2019: Founder  GizmoChina

COST AMZN  Running petrol pumps can boost Amazon’s delivery network  “Selling gas would provide another revenue source; Forte noted that Costco Wholesale derived 10 percent of its revenue from gasoline sales.”  Livemint

BEDU EDU  Bytedance to license Smartisan’s patents for its online education business  TechNode

UBS DB  UBS chairman pours cold water on Deutsche Bank talk: paper  Reuters

Merger talks between Germany’s NordLB and Helaba have ended  Reuters

3231.YW  Datacenter server demand to see sharp growth after sluggish 1H19  Digitimes

2448.TW  LED oversupply to continue hitting China makers  “Weak demand and overcapacity will continue to hit China’s LED industry, with oversupply in the upstream chip sector likely to last till 2020, following a year of slow growth in 2018”  China Solid State Lighting Alliance

Opinion  WPP OMC IPG  Why marketers are leaving tech and moving to ad agencies  Digiday

Futurelook  SNE  Inside Sony’s mysterious lab, 30 researchers pursue unique projects  “CSL team works in chaotic creativity to find new solutions for Japan’s future”  Nikkei

Futurelook  GOOG  Google is quietly infiltrating medicine — but what rules will it play by?  STAT News

Linger  ARNC APO  Apollo Global is said to aim for Arconic deal by mid-January  ” Buyout firm in talks to buy Arconic for about $22 a share”  Bloomberg

Linger  SHLDQ  How Eddie Lampert plans to save Sears — or sell its real estate assets  NY Post

Stake Changes

PGNX  Point72 Asset Management, L.P. bought 4,775,000 shares of Progenics Pharmaceuticals, Inc. representing 5.6%  SEC Filing

BABA  China’s VC ATM Capital Raises $200M Fund From Alibaba’s eWTP Technology & Innovation  China Money Network

CLZMF  Clariant reduces its stake in Stahl by 25 % Clariant to remain invested as financial investor  Press Release

WIT  Wipro may opt for up to $1.2 billion share buyback  Economic Times of India

Earnings Finance

SFTBY  Softbank Ventures Korea rebrands as Softbank Ventures Asia  Korean Herald

BLK  Latin America stockpicker at BlackRock is leaving company  Reuters

GOCO.L  Go Compare battles to fend off predators after sliding share price leaves it vulnerable to a hostile takeover  This is Money UK

Israel’s Leumi considers listing U.S. banking unit -report  Reuters

Pharmaceuticals Healthcare

JNJ  U.S. drugmaker J&J’s India sales dip 3 percent in 2017/18: filing  Reuters

WTW NTRI  Excess Weight Contributes to More Than 7 Percent of Cancers  NY Times

Smoking shisha linked to diabetes and obesity, study finds  hookah  The Telegraph

TEVA AMGN  Teva and Amgen Resolve Ongoing Dispute Over Teva’s Generic Cinacalet HCl Product  Press Release

FLXN  Flexion Therapeutics Enrolls First Patient in Phase 3 Trial of ZILRETTA® (triamcinolone acetonide extended-release injectable suspension) in OA of the Hip and Reports Results from SHIP Study  Press Release

GNMX  Aevi Genomic Medicine Announces Top-Line Results from Placebo-Controlled ASCEND Trial (Parts A & B) of AEVI-001 in Children with ADHD  Press Release

Missed cancer screenings linked to earlier death from non-cancer causes  Channel NewsAsia

WTW NTRI  Call for obesity to be reclassified as a disease  “Some experts say that obesity will not be tackled properly until it is seen as a disease but others say this could be dangerous.”  Sky News

With Senate votes, Trump gets a permanent drug czar — and his first science adviser  Stat

Futurelook  Could cancer be detected in the breath? Cancer Research UK launches major trial to find out  The Telegraph

Entertainment Games

DISH  Dish Network wants to improve TV ads by analyzing your emotions  Business Journals

Warner Bros Exercises Matching Rights To Win RatPac Dune Library: $290M-$300M  Deadline

AAPL  Sling TV on Apple TV makes it easier to find and manage content  Slashgear

TRCO  Tribune TV Stations No Longer Available to Spectrum Subscribers  “Contract Covering 33 Local Stations in 24 Markets Expires”  Press Release

SPOT  Spotify’s plan to beat Apple: sign up the rest of the world  Financial Times

Video games now account for more than 50% of UK entertainment sales  The Mirror

Military Surveillance

EWJ FXI  Eyeing China, US to hold missile drill in Japan’s Okinawa: Report  Channel NewsAsia

SEAL to stand trial for murder, other alleged war crimes  Military Times

Blockchain Bitcoin

Welcome to the reGenesis of Bitcoin Magazine!  Bitcoin Magazine

Bitcoin Magazine Launches Custom Block Explorer  Bitcoin Magazine

A global financial body, which includes India, says cryptocurrencies aren’t a threat  Quartz

Casinos Gambling

3659.T  Nexon founder to sell controlling stake in gaming company’s holding firm: report  $8.9 billion  Reuters

Gavin Isaacs joins sports betting provider SBTech  GGRasia

GEN HK extends electronic games deal for cruise casinos  GGRasia

MQ Tech drops Cambodia theme park with casino plan  GGRasia

Macau gaming regulator non-committal on concession issues  GGRasia

Opinion  WYNN LVS MLCO  Two-digit Macau GGR growth days over for now: analysts  GGRasia

Social Media

Are B2B Podcasts Poised for a Breakthrough?  “B2Bs are experimenting with the format at a time when podcast audiences are growing. eMarketer forecasts that by 2022, 83.8 million people in the US will listen to at least one podcast per month, up from 73.0 million people in 2018.”  emarketer

FB  Who’s Watching Facebook Watch?  podcast  eMarketer

Opinion  Privacy laws cannot make Facebeook and Google accountable  Hindustan Times

Travel Hotel

UAL  United Airlines CEO Munoz talks 2019 goals in memo to employees  Business Journals

Oyo Doubles Investment Plans in Southeast Asia to $200 Million  hotels  Skift

Auto

TSLA  Faraday Future rings in New Year with new deal with main backer  Business Journals

TSLA  Tesla switches Model 3 production to European version, first Chinese Model 3 spotted  Electrek

Car tax rates to increase in April this year – see how much will it cost you  England  The Mirror

SSNLF  Samsung to supply 8-nanometre V9 chips for Audi cars  ZDNet

Germany makes it easier for manufacturers to offer diesel emissions fixes – Roadshow  Cnet

POAHY  Porsche hopes new ‘wet mode’ will solve 911’s aquaplaning problem  Automotive News

Retail

JWN  Blake Nordstrom, Co-President of Luxury Department Store Chain, Is Dead at 58  Fortune

SBUX  Chinese coffee startup Luckin plans to open 2,500 stores this year  Reuters

Shipments of Large-Size Panels to Grow by 1% YoY in 2019 Driven by Specs Improvements, Says TrendForce  Witsview

MCD  McDonald’s launches a and dairy-free Happy Meal in Ireland  Irish Independent

DEO PDRDF BFB WSKY  ‘Ghosted us like a bad girlfriend’: Trade war with E.U. bursts distillers’ dreams of growth  “The Trump administration’s tariffs on European steel and aluminum led to retaliatory E.U. tariffs on goods such as whiskey.”  Washington Post

VFC LSE.ABF  Footwear company Vans suing Primark for ‘intentional knock-offs’ of signature shoe styles  Irish Independent

Futurelook  COUP  Five Charts: The State of Retail Tech  “…75% of senior retail executives from the UK and France said they plan to invest heavily in developing mobile apps, coupons and payments”  eMarketer

Linger  Canadian Health Charity Warns of Increase in Cannabis-Induced Mental Health Problems  High Times

Apple

Tim Cook says $29 iPhone battery program partly to blame for weak Q1 iPhone sales  9to5Mac

AAPL issues rare revision to earnings guidance, lowering expectations due to ‘fewer iPhone upgrades’ & China struggles  9to5Mac

SSNLF  New rumor points to Samsung’s foldable phone sporting a triple-lens rear camera  Boy Genius Report

Apple being investigated by investor rights law firm for ‘potential securities fraud’ related to China  9to5Mac

For Warren Buffett, sinking Apple shares a wish come true  Reuters

Tim Cook holding all-hands meeting w/ Apple employees on Thursday to discuss Q1 2019  9to5Mac

Law firm explores class action against Apple for potential securities fraud, cites recent earnings cut  AppleInsider

VOD  Indian telco stocks slip on weak subscriber data  Channel NewsAsia

Shares skid as Apple warning stokes growth fears, ‘flash crash’ sweeps currencies  Reuters

Opinion  Apple sales woes suggest iPhone is losing its lustre  Financial Times

Futurelook  GOOGL  Google gets nod to replace touchscreens with gesture technology  Irish Independent

Energy Commodities

SRE  Sempra agrees sale of gas storage assets  SparkSpread

CREE GE  Climate change: LED lights could dent UK energy demand  BBC World News

KOL  Russia’s coal production up 5.9% to 433.4 mln tonnes in 2018 – CDU TEK  TASS

PBR  At Brazil’s Petrobras, a ‘Chicago Boy’ takes the reins  Reuters

USO  Oil prices drop amid currency and stock market turmoil  Reuters

Riverstone-backed IPP looks to sell U.K. wind biz  SparkSpread

Metals

Gold ‘To Take The Bull Baton’ From The U.S. Dollar In 2019  Bloomberg via Kitco

ABGLF ABX  New Barrick eyes several options to end Tanzania tax dispute -CEO  Reuters

OGX.AX  Orinoco launches review and leadership restructure  Creamer’s

Pilbara ticks funding boxes, looks at further expansions  “Lithium producer Pilbara Minerals on Thursday revealed the details of a proposed funding package providing the balance of the funding required to expand its Pilgangoora operation from two-million tonnes a year to five-million tonnes a year.”  Creamer’s

Europe

EWU  Labour shortages and slowing sales put squeeze on UK firms  BBC World News

EWU  UK weather forecast: Triple polar vortex bringing SNOW and brutal -10C freeze  The Mirror

EWU  UK manufacturers facing biggest worker shortage in 30 years  The Guardian

Eurozone November M3 money supply +3.7% vs +3.8% y/y expected  Forex Live

EWU  UK construction growth hits three-month low in December, PMI shows  “The IHS Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) fell to 52.8 from 53.4 in November, broadly in line with the consensus expectation of 52.9 in a Reuters poll of economists.”  iHS Markit via Reuters

Politics  EWU  No 10 cools talk of backstop breakthrough as Brexit vote looms  Sunday Times

China

Chinese Companies Flocked to U.S. Markets in 2018. The Trade War May Have Had a Role.  NY Times

Yen Surges After Apple Upsets the Currency Cart  Wall Street Journal

BEDU EDU TAL RYB  China’s Minsheng Launches $1.45B Education Industry M&A Fund With CICC Capital  China Money Network

Magnitude 5.3 Earthquake Jolts Sichuan, China – Seismologists  Sputnik

WTO seeks to ban government raids on corporate data  “As countries such as China tighten control over information flowing across their borders, a group of World Trade Organization members led by the U.S., the European Union, Japan, Singapore and Australia will propose rules that prohibit excessive interference by governments into business-related data.”  

2019, greater efforts to promote the new policy of consumption  “The long-acting machine that stimulates the consumption potential is making a big show. It is estimated that the total retail sales of consumer goods will increase by about 9% this year.”  Economic Information Daily

Chart of the Day: Margin Debt Hits Four-Year Low  Caixin

Meet the Workers Behind China’s Internet Censorship Machine  Beyondsoft  The Information

Asia

EWY  Govt. to create 610,000 jobs for seniors in 2019  Korean Herald

INDA  New investments in India plunge to 14-year-low  “New project announcements in India have declined to the lowest levels since mid-2004 even as stalled projects remain near record levels, shows data”  Livemint

EWY  S.Korea tech stocks rocked by Apple forecast cut, growth fears  Reuters

THD  Tourists flee Thai islands as Tropical Storm Pabuk looms  Channel NewsAsia

EWT  Taiwan shares close down 0.65%  Focus Taiwan

EWY  Moon’s approval rating rebounds amid optimism for peace: poll  Korean Herald

EWY  Kospi dips below 2,000 for first time in 2 months  Korean Herald

India  New real estate trends expected to emerge in 2019  “Prices are likely to remain stagnant and developers will continue to focus on clearing existing inventory rather than launching new projects…”  Livemint

INDA  Nifty, Sensex end 1% lower amid worldwide decline in equities  Livemint

EWM EWS  Singapore-Malaysia tensions still simmer ahead of bilateral talks  “Kuala Lumpur sets restricted airspace near border to exclude civil flights”  Nikkei

AI trading sends yen surging, briefly touching 104 to dollar  “Thin holiday volume and flight to safe havens also influenced the violent rise”  Nikkei

Incumbents fight to keep power in series of 2019 Asia elections  “Thailand, Indonesia, India, Japan, Philippines and Australia brace for new polls”  Nikkei

EWJ  Anticipating dip in demand after October sales tax hike, fewer Japanese firms expect economic growth in 2019  Japan Times

INDA  Toxic smog shrouds Indian capital as pollution soars, government measures fail  Reuters

North Korean diplomat seeking asylum in Italy: Report  Channel NewsAsia

International

EPU  Peru attorney general reverses decision on graft probe  Reuters

EWZ  Brazil’s new foreign minister says country will abandon globalism  Reuters

U.S. ‘deeply concerned’ about Colombia coca cultivation: Pompeo  icol  Reuters

EWC  Canadian Mortgage Credit Growth Drops To 22 Year Low Signalling The End Of The Housing Boom  Zero Hedge

Russia Ukraine

Trump Defends Soviet Invasion of Afghanistan for Some Reason  New York Magazine

British athletes call for new sport ban on Russia  Sky News

Russia Plans to Expand Nuclear Arsenal in 2019  Al Bawaba

Russian Ruble Tumbles to Almost 3-Year Lows  Moscow Times

Africa

South Africa’s rand falls to 3-month low in global selloff  Reuters

Niger army kills at least 280 Boko Haram militants: Ministry  Channel NewsAsia

Double Suicide bomb attack strikes Tunisia  Jerusalem Post

Zambia says mines have failed to show impact of higher taxes  Reuters

KSA  Saudi Arabia Denies Issuing American Weapons to Sudanese  NY Times

Isis Terror

Donald Trump wants India, Russia, Pakistan to fight Taliban in Afghanistan  Economic Times of India

Israeli official ‘in shock’ as Trump says Iran ‘can do what they want’ in Syria  Times of Israel

Politics

Trump and Democrats fail to reach funding breakthrough  Financial Times

Trump asks congressional leaders to return for shutdown talks Friday: lawmaker  Reuters

Romney says he won’t challenge Trump in 2020 but doesn’t endorse him  The Hill

Giuliani: President ‘doesn’t remember’ when Trump Tower Moscow talks stopped  The Hill

Ethics investigation finds outgoing House Republican made staff unload groceries, dog-sit  The Hill

Graham: Trump giving up on border wall fight would be the ‘end of his presidency’  The Hill

Democrats to push shutdown halt that Trump unlikely to accept  Reuters

Senate confirms two FCC commissioners, science adviser  Reuters

Republicans spurn North Carolina board investigating election fraud  Reuters

Trump’s judicial nominees face setback  Politico

Warren: The Democratic Party is going to say ‘no’ to the billionaires  The Hill

Fact

China ‘lifts mysterious veil’ by landing probe on dark side of the moon  Reuters

Luxury Real Estate Crash: One Of America’s Most Expensive Mansions Sells For 73% Below Ask  Hillsboro Beach, Florida  Zero Hedge

Hedge fund DE Shaw eyes new ‘risk premia’ strategies  Financial Times

China just made history by landing on the far side of the Moon  Quartz

Forbes built a robot to pre-write articles for its contributors  Digiday

Opinion

Man who called Dow 20,000 says if ‘we avoid a recession, we’re going to have a really good’ stock market  Marketwatch

Bond mkt sending message of slowdown fears: Peter Cardillo  “I am not quite sure whether we could be headed for a recession any time soon but if the trade war is not settled within the next two or three months, there is a near certain possibility that we are looking at recession in 2020 and that is what the bond market is basically flashing”  Economic Times of India

Tariffs lower growth, raise inequality levels  “The study shows that this decrease in output tends to be more pronounced in advanced economies and during periods of economic expansion.”  Livemint

The Dax could rise to 14,000 points  “Despite all price losses, banks are even more optimistic than usual in a FAZ survey for the 2019 financial year. But there are many minor tones.”  Faz.net

Linger

Activist Elliott embraces private equity strategy  Financial Times

PRGO  Perrigo faces potential legal action over €1.6bn Revenue tax battle  Irish Independent

Futurelook

Scientists use AI to reconstruct brain activity into speech  Cnet

Nobody knows what Wall Street will do with upcoming jobs report  Friday  NY Post

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