Early Global News: Tuesday January 8th, 2019

Early Global News

Tuesday January 8th, 2019

Macro

Tuesday: Job Openings, Trade Deficit  Calculated Risk

Companies

THFF HFBC  First Financial Corporation and HopFed Bancorp, Inc. Sign Merger Agreement  Press Release

SKM SBGI  SK Telecom and Sinclair Broadcast Group Sign Joint Venture Agreement  “-Establish a joint venture company between Sinclair, one of the largest TV broadcasting companies in the U.S. and SK Telecom, the largest mobile operator in Korea”  Press Release

DHR  Danaher CEO To Comment On Financial Performance  “Thomas P. Joyce, Jr., will comment tomorrow on the Company’s fourth quarter 2018 performance in a presentation at the J.P. Morgan Healthcare Conference in San Francisco, California at 8:00 a.m. “  Press Release

CREE STM  Cree and STMicroelectronics Announce Multi-Year Silicon Carbide Wafer Supply Agreement  “Agreement to boost commercial expansion of SiC in automotive and industrial applications”  Press Release

FB INTC  Intel working with Facebook on AI chip coming later this year  Reuters

NTGR  Netgear shows off new mesh networking devices, 5G router, Meural smart art frame  “Netgear has used CES to introduce a number of new networking products, including a 5G hotspot, routers with built-in cable modems, and a third-generation model of smart art frame from subsidiary Meural. “  AppleInsider

INTC  Intel announces six new ninth-generation Core processors  “And tipped that new mobile chips will come in the second quarter of 2019.”  Engadget

Intel’s Mobileye signs deal with UK mapping agency  ZDNet

Exclusive: China’s HNA touts assets for sale as funding crunch intensifies  Reuters

SIKA.S  UPDATE 2-Sika to buy French firm Parex in $2.5 bln deal  Reuters

VNE  Veoneer says 2018 order intake hits record high  Reuters

PCG  S&P cuts PG&E ratings to junk, warns of further downgrade  Reuters

BAYRY  India’s top court backs Monsanto on GM cotton payments  Reuters

IBM  IBM aims to use crowdsourced sensor data to improve local weather forecasting globally  ZDNet

IBM  IBM was the top patent recipient in 2018 for the 26th year in a row  Boy Genius Report

BABA  Alibaba acquires German big data startup Data Artisans for $103M  TechCrunch

AMD  Notebook vendors to adopt AMD CPU in more models  Digitimes

AVP  Avon Announces Agreement to Sell China Manufacturing Operation  “Strategic Shift In Avon’s Efforts to Increase Competitiveness and Accelerate Growth of Asian Region Next Step in Avon’s Commitment to “Open Up” its Global Infrastructure”  Press Release

DLTR  Activist investor Carl Icahn backs out of Dollar Tree  NY Post

SHLDQ  Sears could announce plan to liquidate as soon as Tuesday  NY Post

Stake Changes

SFTBY  SoftBank Scraps $16 Billion Plan to Buy Most of WeWork  “Japanese firm scales back investment in shared-workspace provider to about $2 billion amid market turbulence”  WSJ

GDDY  Scott Wagner, CEO of GoDaddy sold 28,744 shares @ $60.69 and still owns 156,607 shares  SEC Filing

INPX  Inpixon Updates the Terms of Previously Announced Rights Offering  Press Release

CFX  Colfax Announces Offering of Tangible Equity Units  Press Release

ALEC  Dementia and Alzheimer’s biotech Alector files for a $150 million IPO  SEC Filing

Earnings Finance

AN  AutoNation Announces Restructuring and Cost Savings Plan  “- Corporate and Regional restructuring and savings plan expected to reduce costs by approximately $50 million annually”  Press Release

AXSM  Axsome Therapeutics Raises $23.3 Million Under Existing ATM Facility  ” it raised approximately $23.3 million through the sale of 2,881,066 shares under its existing at-the-market (ATM) facility with Leerink Partners LLC.”  Press Release

SSNLF  Samsung earnings dive as chip demand slumps  “Operating profit tumbles nearly 29% in preliminary Q4 results”  Nikkei

FOXA  21st Century Fox Files Registration Statement With SEC To Form ‘New’ Fox  Deadline

LG Electronics sees 80 percent drop in fourth-quarter profit; analysts point to thinning TV margins  Reuters

Pharmaceuticals Healthcare

MNOV  MediciNova Receives Notice of Allowance for New Patent Covering MN-001 and MN-002 for the Treatment of Fibrosis in Japan  Press Release

SFE RMD  Safeguard Scientifics Partner Company Propeller Health Acquired By ResMed  “Safeguard to realize $41.4 million in cash proceeds, representing an approximate 3x cash-on-cash return and 34% IRR”  Press Release

JNJ  Latest trial in J&J talc litigations gets under way in California  Reuters

New California governor tackles drug prices in first act  Reuters

Entertainment Games

SNE  PS4 sales are closing in on 100 million  Engadget

CMCSA IONTC  Intel, Comcast ink deal to enable 10 Gigabit broadband, WiFi 6 in homes  TechCrunch

Plex Said to Be Mulling Ad-Supported Movies and More Premium Content Subscriptions  MacRumors

Blockchain Bitcoin

Ethereum Classic cryptocurrency pulled from Coinbase after attack  Cnet

If Bitcoin Becomes a Storer of Value Then it Will Be Over 100,000 in a Few Years  WebProNews

Drones Robots

Drones, Automation, & Reforestation: How DroneSeed is Keeping Forests Healthy Post-Wildfire  Clean Technica

Airport staff could shoot down drones with net-firing BAZOOKAS following Gatwick airport chaos  Daily Mail

Drones increasingly used to protect Great Wall  Ecns.cn

SSNLF  Samsung is launching a bunch of new robots and a wearable exoskeleton  TechCrunch

Casinos Gambling

Studies commissioned on Macau casino sector delayed: govt  GGRasia

Kazuo Okada warrant no impact on Okada Manila: Universal  GGRasia

Fire reported at Cambodian border casino in Poipet  GGRasia

FanDuel betting app crashes at the worst time  NY Post

Fire engulfs 18-storey casino building in Cambodia: Reports  Channel NewsAsia

WYNN LVS MLCO  Macau 2019 GGR slow start may send Jan negative: analysts  GGRasia

Social Media

YTWTR  Court: Politicians who block citizens on social media violate 1st Amendment  Ars Technica

GOOGL FB  Flickr’s free users with more than 1,000 photos need to make a decision  Digital Trends

FB  Facebook is investigating the political pages and ads of another group backed by Reid Hoffman  Washington Post

Travel Hotel

RYAAY  Ryanair’s Spanish cabin crew unions call off Tuesday strike  Reuters

JBLU  Woman passenger calls Jet Blue worker a rapist and says she has a gun  Daily Mail

Auto

096770 (KRX) TSLA HYMTF SQM ALB  SK Innovation wants to increase investment in US battery factory by $5 billion to compete with Tesla Gigafactory  “Not long after first announcing the plan, Daimler said it was buying over $20 billion in battery cells to support electric vehicle plans and that SK Innovation is amongst the suppliers.” ” SK Energy produces batteries for CT&T and Hyundai electric vehicles.” – Wiki  Electrek

NSANY  ‘I have been wrongly accused’: Read the full statement from Nissan’s Ghosn proclaiming his innocence  “He appeared in a Japanese court at a hearing his lawyers had requested to ask prosecutors to justify why the auto executive has not been granted bail.”  CNBC

TM  Toyota’s safety technology guardian to be available in the 2020s  “The model is more limited than Toyota’s full self-driving system, which it labels its “Chauffeur” technology, but “the car if it needed to could drive itself,” Pratt told reporters after a news conference at the annual CES global technology conference.”  Reuters

NVDA  Nvidia says new self-driving platform to hit streets next year  Reuters

XLNX  German supplier unveils new self-driving car computer, adds Xilinx chips  Reuters

AMZN  Talk to your car with conversational voice interface for in-car navigation  Digital Trends

TM KDDI  Toyota turns to AT&T and KDDI for in-vehicle 4G connectivity  TechCrunch

TSLA  EV startup Byton aims to raise $500 mln to fund growth: sources  Reuters

PCFRY  In Japan, China and U.S., scientists work feverishly for a breakthrough on powerful batteries for EVs  Japan Times

French sales forecast to fall in 2019 despite Peugeot 208, Renault Clio launches  Automotive News

Retail

WMT  Asda the best Christmas performer of UK’s big four grocers – Kantar Worldpanel  Reuters

QSR  Malaysia wants KFC’s written explanation for price hike  Bernama

RGR  Gun Ownership Surges In Europe Amid Wave Of Terror Attacks, Migrant Crime  Zero Hedge

CL  Brushing teeth twice a day could prevent erectile dysfunction: Scientists find bad oral hygiene nearly TRIPLES the risk of impotence  Daily Mail

Apple

Data suggests iPhone XR was top selling iPhone in November, yet yearly sales down 20%  Counterpoint

Apple begins charging sales tax in Canada on iTunes purchases & Apple Music subscriptions  9to5Mac

NTGR  Netgear jumps into 5G with AT&T-compatible mobile hotspot  “The company showed off its Orbi mesh router system and Nighthawk 5G mobile hotspot at CES.”  Engadget

Android Brands to Advocate 5G Smartphones; Penetration Rate of 5G Smartphones to Reach Around 0.4% in 2019, Says TrendForce  “…requires more advanced manufacturing technology of 3D glass cases and higher yields of assembly, etc.  Trendforce

Apple might be suffering from an ‘informal’ consumer boycott in China, analysts say  9to5Mac

The Antichrist will control mankind through smartphones, warns leader of Russian Orthodox Church  Daily Mail

China smartphone shipments seen down 12-15.5 percent last year: market data  Reuters

Energy Commodities

CWCO  Consolidated Water Co. Ltd. Provides Update on its Rosarito Project  Press Release

Oil Rigs Declined, More Expected  Calculated Risk

BAYRY BASFY DWDP  China approves five GM crops for import, first in 18 months  Reuters

GRAINS-Soybeans snap winning streak, retreat from 3-week high  “The crops are RF3 canola, originally developed by Bayer and now owned by BASF, Monsanto’s glyphosate-tolerant MON 88302 canola, DuPont Pioneer DP4114 corn, Syngenta’s SYHT0H2 soybean and Dow AgroSciences’ DAS-44406-6 soybean.”  Reuters

Venezuela’s PDVSA in oil deal with firm part-owned by Florida Republican  Reuters

OXY  Occidental Petroleum sees 2019 capex range of $4.4 bln-$5.3 bln  Reuters

TSLA  Tesla Solar Roof installation still takes about 2 weeks, install time needs to go down for ramp up  Electrek

PBR  Brazil’s Petrobras selling $803 mln in local debt  Reuters

Metals

VEDL  India’s Supreme Court clears way for reopening Vedanta’s copper smelter  Reuters

GLD  Indian gold imports collapse as prices bite  Economic Times of India

Imperial Metals halts Mount Polley operations amid copper price slump  Creamer’s

FCX  Chile copper output to jump by 30% in 10 years – report  Reuters

Europe

The consumer confidence indicator for the Euro Area was confirmed at -6.2 in December 2018, the weakest reading since February 2017, due to a deterioration of all its components, i.e. consumers’ unemployment and savings expectations and their views on their future financial situation and the future general economic situation.  Trading Economics

EWU  Junior Brexit minister says Britain to leave EU as planned  Reuters

EWU  UK, European officials discussing possible Brexit delay: Telegraph  Reuters

GREK  Athens gets snow as Greece shivers in cold spell  Reuters

EWU EIRL  Irish PM says EU willing to give UK assurances over Irish Brexit backstop  Reuters

Several killed as heavy snowfall hits Europe  Sky News

European Sector PMI® indices are compiled from responses to questionnaires sent to purchasing managers in IHS Markit’s European PMI survey panels, covering over 8,000 private sector companies in 11 countries.  “Downturns in autos, metals and real estate sectors intensify in December”  iHS Markit

Politics  EWU  British officials ‘putting out feelers’ with EU for Article 50 extension  “The discreet diplomatic contacts, described by one source as officials “just doing their homework”, emerged as a minister broke ranks for the first time to raise the possibility of extending the talks.”  UK Telegraph

China

North Korea’s Kim Jong Un visits China, state media reports  CNBC

Chinese scientist who produced gene-edited babies may be executed, colleagues say  Boy Genius Report

China says always plays positive role over Korean peninsula  Reuters

Chinese companies increase number of tech patents awarded in US  Business Journals

TAL RYB  Twenty children wounded as ‘school worker’ slashes pupils at a primary school in Beijing  Daily Mail

CTRP TOUR  Chinese travel firms restructure apps to comply with new e-commerce law  TechNode

Chinese dealmakers pivot to Europe amid US scrutiny  “Buyouts in America tumbled 66% while European investment jumped 82%”  Nikkei

Linger  Chinese apps are collecting way too much data  Tech in Asia

Asia

INDA  AXA looks to exit mutual fund joint venture with Bank of India  Economic Times of India

EWJ  Japan manufacturing PMI shows high output growth in December  “Business activity growth remains strong in the Insurance sector. Downturns in Metals & Mining and Automobiles & Auto Parts sectors worsen. Activity in Transportation sector grows at historically marked rate”  iHS Markit

INDA  India services PMI shows further expansion in December  ” India’s service sector showed continued expansion in December despite moderated activity compared to the high level of November, with sustained rise in new work and strengthened job creation. To continue reading, subscribe today Stay ahead with our exclusives about Asia; the most dynamic”  Nikkei

INDA  Group close to India’s ruling party seeks change in patent act after pro-Monsanto court verdict  Reuters

EWT  Taiwan shares close down 0.28%  Focus Taiwan

INDA  A massive labour strike has shut down schools and public transport in parts of India  Quartz

EWT  Flu claimed 5 more lives last week: CDC  Focus Taiwan

NSSMY EWY EWJ  South Korea court approves seizing Japan firm’s assets over forced labor  Nikkei

EWT  Taiwan December export value down on year  Digitimes

International

Guatemala to shut down U.N. anti-corruption body early  Reuters

EPU  Peru attorney general to quit amid Odebrecht graft investigation  Reuters

Middle East

Iran hopes India will seek fresh waiver from U.S. sanctions: deputy foreign min  Reuters

KSA  Saudization Continues, 35,000 Jobs Announced for Saudis Only  Al Bawaba

Dubai Real Estate Prices to Drop Down by 10 Percent  Al Bawaba

TUR  Turkey cannot accept Trump adviser’s comments on Kurdish fighters, Erdogan says  Reuters

EU agrees sanctions against Iranian intelligence service over assassination plots  Arab News

Africa

See No Evil: Pentagon Issues Blanket Denial That It Knows Anything About Detainee Abuse in Yemen  The Intercept

U.S. military says it kills six militants in an air strike in Somalia  Reuters

Tanzania appoints new mining minister: official  Reuters

Isis Terror

Tour of U.S. General of Baghdad Triggers Iraqi Shia Threat Attack  Al Bawaba

Turkey to ask U.S. to hand over military bases in Syria: Hurriyet  Reuters

Afghan Taliban, U.S. to sit down to peace talks on Wednesday: sources  Reuters

IS counterattack in east Syria leaves 32 dead: Monitor  Channel NewsAsia

Russian military police in Syria begin patrols near Turkish border  TASS

Climate Change

Volcano erupts on remote Papua New Guinea island  AFP

U.S. greenhouse gas emissions spiked in 2018 — and it couldn’t happen at a worse time  Washington Post

Medical Marijuana

MMNFF  Cannabis REIT to Acquire MedMen Real Estate, Looks to Capitalize on Fast Growing Sector  “Treehouse Real Estate Investment Trust raises $133 million, will use funds to acquire properties from MedMen Enterprises Inc. along with other cannabis real estate”  Press Release

Missouri Coffee Company Launching CBD-Infused Canned Cold Brew  High Times

Oregon CBD Producers May Need Special License to Sell Products in Dispensaries  High Times

SMG  Miracle Gro takes a crack at simplifying indoor planters at CES 2019 – CNET  Cnet

Politics

Nellie Liang Withdraws From Consideration for Fed Board Seat  “White House had nominated former Fed economist, in 2018, but Senate didn’t act on nomination”  WSJ

Senators renew attempt to protect special counsel Mueller  Boston

Trump plans publicity blitz over wall demand  Financial Times

Democrats Say They’ll Shut Down the Senate Until It Reopens the Government  New York Magazine

U.S. Still Leans Conservative, but Liberals Keep Recent Gains  Gallup

Trump Increasingly Likely to Invoke Emergency Powers to Fund the Wall  New York Magazine

Linger

INFY CTSH WIT  Trump’s crackdown on the H-1B visa is eating into Indian IT’s profits  Quartz

ICE  Upstart MEMX exchange faces uphill battle against NYSE, Nasdaq  NY Post

Futurelook

MSFT  Long Seen as Tech’s Sleeping Giant, Microsoft’s Stealth Approach Is Starting to Pay Off  Adweek

Scientists have discovered a new planet twice the size of Earth, and it could have liquid water on its surface  Business Insider

Hypersonic Weapons Pose “Significant Challenge To World Peace”: Expert  Zero Hedge

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