TOP NEWS: Week 10/30 – 11/05

Weekend 11/04 & 11/05

Jeff Bezos Sold $1.1 Billion Worth of His Amazon Stock – fortune
“We’ll See Some Initial Panic”: World Reacts To Billionaire Alwaleed’s Stunning Purge – Zerohedge

 

 

Friday 11/03

Business Live – guardian

October Payrolls, Average Hourly Earnings Miss Big Despite Strong Upward Revisions – Zerohedge
Venezuelan Bonds Plunge After Maduro Calls For Debt Restructuring – Bloomberg
How the GOP tax bill will impact you differently if you’re middle-class or rich – Marketwatch
Forget the numbers, this job market is ‘red hot’ – cnbc
New Fed Chair Could Be Quick to Raise Rates If History Is a Guide – Bloomberg
Societe Generale reports 15% drop in profits, prepares for US legal battles – cnbc

Venezuela Will Seek to Restructure Its Debt – Bloomberg
Central bankers on the move, but where’s the inflation? – Reuters
China services sector grows faster in October – Marketwatch
Aussie Consumers Spooked as Sales Show Weakest Run in 7 Years – Bloomberg
Realtors are worried that the GOP’s tax plan could slump the housing market – businessinsider
The investment chief at the world’s first tax-reform ETF tells us how to trade Trump’s plan – businessinsider

 

Thursday 11/02

Business Live – guardian

Apple shares hit record high as iPhone X pre-sales fuel 19% rise in profits – guardian
France Cuts Renault Stake to 15% in $1.4 Billion Share Sale – Bloomberg
Battery-Powered Cars Will Be Half of Global Auto Market by 2030, Study Says – Bloomberg
Bank of Italy Knew for Years Paschi Masked Losses, Report Shows – Bloomberg

BOE Raises Interest Rate for First Time in More Than 10 Years – Bloomberg

Greek Bank Test Results Still Due in May Despite EBA Delay-Source – nyt
Oil’s $1 Trillion Question – Bloomberg
Alibaba revenue up 61 pct, beats estimates – Reuters
The massive Republican tax plan is set to be released – here’s what to expect – businessinsider
Five Things You Need to Know to Start Your Day – Bloomberg

Bitcoin is a commodity, not a currency, Allianz’s Mohamed El-Erian says – cnbc
GERMANY: Manufacturing PMI holds at six-and-a-half year high in October – markit
World’s Biggest Pension Fund Gains $39 Billion as Stocks Climb – Bloomberg

 

Wednesday 11/01

Business Live – guardian

Treasury Yields Slip After WSJ Report of Powell-Led Fed – Bloomberg
FOMC Leaves Policy Unchanged, Upgrades Growth To “Solid” From “Moderate” – Zerohedge
Morgan Stanley: Trump tax cuts could create boom – then a bust – cnn
Atlanta Fed Now Sees Q4 GDP At Blistering 4.5% – Zerohedge

World’s First AI-Run Global ETF Makes Its Own Managers Nervous – Bloomberg
Oil Output Threatened as Norway Explorers Neglect North Sea – Bloomberg
This Think Tank Says BOE Hikes Will Continue – Bloomberg
ADP Private Payrolls Highest Since March: Jump 235K In Post-Hurricane Rebound – Zerohedge

Why Biggest Metals Rally of the Year May Have Further to Run – Bloomberg

Bitcoin, the financial traders’ anarchic new toy – Reuters
Alibaba, Tencent Face Pressure to Live Up to $450 Billion Rally – Bloomberg
Australia’s Housing Boom Is ‘Officially Over,’ UBS Says – Bloomberg
China Caixin manufacturing PMI holds steady – Marketwatch
Brexit Cuts U.K. Household Incomes by 600 Pounds, Niesr Says – Bloomberg
Fed focus; Tax reform delay; Tech gets grilled – cnn
Five Things You Need to Know to Start Your Day – Bloomberg

 

 

Tuesday 10/31

Eurozone GDP: France beats UK with fastest annual growth since 2011 – business live – guardian

House GOP delays tax bill, plans to keep top individual rate of 39.6% – Marketwatch
Dow jumps 4.2% in October, powered by Intel, Microsoft and Wal-Mart – Marketwatch
Oil Curve Trades Most Bullish Since 2014, Buttressing $60 Brent – Bloomberg

Chicago PMI Surges To Highest Since March 2011 (As Employment Falls) – Zerohedge
“It’s Unstoppable” – US Home Prices Rise At Fastest Pace In Over 3 Years – Zerohedge

The Canadian Economy Just Shrank Unexpectedly – Bloomberg
Eurozone Inflation Unexpectedly Cools – Zerohedge

Europe Is Doing So Well Even Politics Can’t Drag It Down – Bloomberg
French GDP rose 0.5% in third quarter – Marketwatch
Five Things You Need to Know to Start Your Day – Bloomberg
BOJ Keeps Stimulus Unchanged as It Trims Inflation Outlook – Bloomberg
China Factory PMI Falls From Five-Year High on Pollution Cleanup – Bloomberg
Powell would be the first investment banker to chair the Fed – cnn

 

 

Monday 10/30

Business Live – guardian

US Consumer Spending Surges Most In 8 Years In September As Savings Rate Plunges – Zerohedge
Global assets under management hit all-time high above $80 trillion – Reuters
Europe Needs to Face Its Bad-Loan Problem – Bloomberg
Euro-Area Economic Confidence Surges to Highest in 17 Years – Bloomberg
Bitcoin price smashes through $6,300 to hit another record high – cnbc
Spain’s control over Catalonia to be tested on Monday as work resumes – Reuters
Catalan leader could face arrest and 30 years in prison for ‘rebellion’ – cnbc
Spanish economy grows 0.8% in 3rd quarter – Marketwatch

Key Events In The Coming Very Busy Week – Zerohedge
The Dollar’s Enjoying a Renaissance – Bloomberg
Oil Rally Stutters as OPEC Optimism Soured by U.S. Output Threat – Bloomberg
China Bond Selloff Spreads to Stocks as Deleveraging Risks Mount – Bloomberg
HSBC reports third quarter pre-tax profit of $4.6 billion, up from $843 million a year ago – cnbc

Investors are running out of cash – and that’s terrible news for the stock market – businessinsider
Norwegian Mining Company Launches First Asset-Backed ICO – Zerohedge

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