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Tuesday Watch

Evening Headlines Bloomberg: Choking on Beijing's Clean Air Costs. The Asian Infrastructure Investment Bank, conceived as China's answer to the World Bank, approved a $250 million loan to Beijing Gas Group Co., to reduce coal use by connecting more than 200,000 rural households to the natural gas distribution network. Show More Summary

Saudi Arabia is reportedly planning to hike petrol prices by 80%

Saudi Arabia plans to raise gas and jet fuel prices in January, a person with knowledge of the plans told Bloomberg. Gas prices are set to jump by about 80%, and other fuel types are expected to rise in price over the coming years. The...Show More Summary

Bitcoin Is a Bit of a Miracle at Any Price

That is the title of my latest Bloomberg column.  Rather than giving you the main argument, let’s instead cut to the end: The real story of bitcoin is a heartening one of community. Less than 10 years ago, the bitcoin asset was worth...Show More Summary

Report: Marshall Faulk, Donovan McNabb, Heath Evans named in sexual harassment suit against NFL Network

A former NFL Network employee has accused Marshall Faulk and Heath Evans of sexual harassment and is suing NFL Enterprises, Bloomberg reports.

Marshall Faulk, Ike Taylor, Heath Evans suspended by NFL Network amidst sexual harassment lawsuit

Bloomberg’s Scott Soshnick and Jordyn Holman reported a lawsuit alleging sexual harassment by multiple NFL Network analysts, including ex-players Donovan McNabb, Heath Evans, Marshall Faulk, and Ike Taylor, as well as former NFL Network executive producer Eric Weinberger, now president of The Ringer. Show More Summary

24-Hour Twitter News Network TicToc by Bloomberg Will Launch Dec. 18

More details have emerged on the 24-hour news network that Bloomberg Media announced at Twitter's NewFronts presentation in May. The Twitter-exclusive livestreamed news network is called TicToc by Bloomberg, and it is set to go live next Monday (Dec. 18). Todd Spangler of Variety reported that TicToc by Bloomberg will be led by global head...

President Trump Directs NASA: Send Astronauts Back to Moon and to Mars!

Bloomberg reports President Trump directed NASA to send American astronauts back to the moon and eventually even Mars! Notably, NASA – under Obama – was focused only on Earth science and not outer space. President Trump’s directive switches the agency’s mission, casting their gazes to the horizons. Show More Summary

Bond Bears Beware As Ag Prices Hit Record Low

Long-end bond yields are lower and the front-end higher once again this morning as the US Treasury yield curve continues to confound by flattening. Bloomberg macro strategist Mark Cudmore suspects there is more to come... for one simple...Show More Summary

Model Paulina Porizkova Says Sexual Harassment Was Once 'Seen As A Compliment'

Times have changed… or have they? Last week, Paulina Porizkova — who appeared on the cover of the Sports Illustrated Swimsuit Issue from 1984-85 — spoke to Page Six at the Bloomberg 50 gala in NYC about the harassment models face in the fashion industry. Related: Paulina Porizkova Talks About Her Struggles With Anxiety Apparently, this behavior is [...]

Duy: "Expect the Fed to Stand By Its 2018 Outlook"

From Tim Duy at Bloomberg: Expect the Fed to Stand By Its 2018 Outlook. A few excerpts: The Fed is likely to continue to point toward another 75 basis points of tightening in 2018 when it releases the next Summary of Economic Projections. Show More Summary

Today's Headlines

Bloomberg: China Credit Growth Exceeds Estimates as Funding Remains Buoyant. China’s broadest gauge of new credit and an index of loan growth both exceeded projections, signaling that a government push against leverage hasn’t crimped lending. Show More Summary

No, Bitcoin Won't Boil The Oceans

Authored by Elaine Ou via Bloomberg.com, Concerns about the cryptocurrency's energy use are overblown... While much of the world marvels at bitcoin’s meteoric rise, another part is focused on an environmental byproduct: The sheer amount...Show More Summary

News: Jony Ive returns to leadership position on Apple’s design team

17 hours agoTechnology / Mobile : iLounge

After handing off some of his day-to-day management responsibilities while Apple constructed its new campus, Jony Ive is back in direct charge of the product design teams, Bloomberg reports. Ive was named Chief Design Officer in 2015...Show More Summary

The Tax Cut Won't Save (or Doom) Republicans

My latest Bloomberg View column. “There’s nothing wrong with supply-side economics that division by ten wouldn’t cure.” The quip came from Charles Schultze, the chairman of the Council of Economic Advisers in Democrat Jimmy Carter’s White House. Show More Summary

Ray Dalio on The Fine Art of Failure

A Hedge Fund Giant Found Lots of Value in Failure The world’s biggest hedge fund springs from the wreckage of his monumental error. Bloomberg, December 11, 2017       By any conceivable measure, Ray Dalio, head of Bridgewater Associates LP, is a wild success. Show More Summary

Trump Takes Credit for Killing Regulations Already Dead

Bloomberg: “Hundreds of the pending regulations had been effectively shelved before Trump took office. Others listed as withdrawn are actually still being developed by federal agencies. Still more were moot because the actions sought in a pending rule were already [...]

Many Won’t Even Notice a Tax Cut

“A funny thing happened when Congress approved a tax cut for the middle class eight years ago: Most Americans didn’t notice,” Bloomberg reports. “The 2009 economic-stimulus bill contained a one-year tax break worth $800 for married couples in 95% of [...]

Bitcoin futures surged as much as 26% on their first day

Futures of the cryptocurrency made their debut on the Cboe Global Markets exchange on December 10th, reports Bloomberg. With a 26% climb in its first session, the exchanged needed to halt trading twice after bitcoin futures surged 10% and then 20%. Show More Summary

Monday Watch

Today's Headlines Bloomberg: China Audit Finds Provinces Faked Data and Borrowed Illegally. China found some local governments inflated revenue levels and raised debt illegally in a nationwide audit, a setback for Beijing in its bid to boost the credibility of economic data after a run of scandals. Show More Summary

Sunday Night Futures

Weekend:• Schedule for Week of Dec 10, 2017Monday:• 10:00 AM ET: Job Openings and Labor Turnover Survey for October from the BLS. From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 3, and DOW futures are up 23 (fair value).Oil prices were down over the last week with WTI futures at $57.16 per barrel and Brent at $63.14 per barrel. Show More Summary

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