Frontrunning: December 14
By Tyler Durden
- Countdown to first Fed hike in a year under way, but focus shifting to 2017 (Reuters)
- What to Expect From the Fed: Decision-Day Guide (BBG)
- Investors Expect Fed Rate Rise, Seek Clues on Next Step (WSJ)
- What ceasefire? Aleppo evacuation delayed (Reuters); Aleppo Fighting Resumes Hours After Cease-Fire Deal (WSJ)
- Too big to fail: China maps out its Trump strategy (Reuters)
- China Said to Lift Tax on Smaller Cars to 7.5% Through 2017 (BBG)
- Goldman Sachs to Name Cohn’s Successors (WSJ)
- Finance Titans Face Off Over $5 Trillion London Gold Market (BBG)
- Dutch court rules Crimean gold treasures must be returned to Kiev (Reuters)
- Forget Bitcoin and Mobile Pay. Cash Is Still King of the World (BBG)
- Trump’s Pledge to Loosen Regulations on Businesses Is a Heavy Lift (WSJ)
- Retailers’ Discounts Run Deeper This Holiday Season (WSJ)
- Companies Are Already Canceling Plans to Move U.S. Jobs Abroad (BBG)
- Wells Fargo Faces Limits After Second Living Will Failure (BBG)
- Hertz Global Replaces CEO After Earnings Misses, Stock Slump (BBG)
- Heineken Faces Competition in Effort to Buy U.K.’s Punch Taverns (BBG)
- Sanofi in Deal Talks With Actelion; Value Could Total $30 Billion (WSJ)
- Aramco Keeps Building Oil Rigs Even as Saudis Agree to Pump Less (BBG)
- Saudi Oil Minister Sees Commitment to Cuts Ending Glut in Months (BBG)
- OPEC Says Supply Cuts Won’t Re-Balance Market Until Second Half (BBG)
- TV Reporter Files Discrimination Suit Against 21st Century Fox Station (WSJ)
- Le Pen Slips as Fillon, Macron Rise in Big French Election Poll (BBG)
- Investor Peter Thiel Is Helping Mold Tech’s Ties to Donald Trump (WSJ)
- Uber Rolls Out Self-Driving Cars in San Francisco Without DMV Approval (BBG)
- U.K. Employment Declines for First Time in More Than a Year (BBG)
Overnight Media Digest
WSJ
– U.S. President-elect Donald Trump pushed ahead with his controversial pick for secretary of state, Exxon Mobil Corp chief Rex Tillerson, setting up a likely battle with senators – including some Republicans – who have raised questions about his closeness to Russian leader. http://on.wsj.com/2hv13pY
– Goldman Sachs plans to elevate David Solomon and Harvey Schwartz to be top lieutenants to CEO Lloyd Blankfein, filling a void left by Gary Cohn, who is leaving the bank to join the Trump administration. http://on.wsj.com/2hv2TqQ
– U.S. regulators slapped Wells Fargo with new regulatory sanctions, saying the firm failed to address alleged “deficiencies” in a plan to manage its own bankruptcy without a taxpayer bailout. http://on.wsj.com/2hv6ENf
– Tens of thousands of civilians and the remaining rebels are preparing to evacuate opposition-held parts of the decimated city, sealing a major victory for Syrian President Bashar al-Assad. http://on.wsj.com/2hv62ao
– An on-air reporter at a 21st Century Fox-owned local television station in New York is suing the company for hostile work environment and age and pregnancy discrimination. http://on.wsj.com/2hv6CVy
– Inspectors from the U.S., China and four other nations visited Areva SA ‘s Le Creusot Forge in central France earlier this month to examine the plant’s quality controls and comb through …read more
Source: Frontrunning: December 14
