Weekend Reading Summary
Macro Related:
- President-elect Trump in interview says he plans sweeping actions when he takes office including extending tax cuts, large deportations, and tariffs. He said he would not fire Fed Chairman Jerome Powell. NBC News
- Ukrainian President Volodymyr Zelenskyy says he had a "good and productive" meeting with President-elect Trump. Mr. Trump called for an "immediate ceasefire" and told Russian President Putin it is "time to act." Politico
- Syria President Bashar al-Assad resigns and leaves the country as rabels took control of Syria's capital (USO, XLE). NY Times
- Chinese leaders change stance on monetary policy to "moderately loose" from "prudent" (FXI). FT
- South Korean President Yoon Suk Yeol survived impeachment vote (EWY). NY Times
Stock Specific:
- Cautious view on MicroStrategy (MSTR). Barron's
- Paramount's (PARA) merger with Skydance Media is facing new roadblocks. NY Post
- Apple (AAPL) mulling bringing cell phone service to Macs for the first time. Bloomberg
- China resumes gold purchases (GLD, GDX, NEM, GOLD, AEM). Bloomberg
- Los Angeles area could have power cuts due to wildfires (PCG). Bloomberg
- Tickets for Disney's (DIS) first Asia cruise ship go on sale next week. Bloomberg
- President-elect Trump says he would consult governors about increasing minimum wage (WMT, TGT, DLTR, FIVE, DG, MCD, WEN). NBC News
- President-elect Trump says RFK will investigate discredited links between vaccines and autism. Mr. Trump was also critical of PBMs (PFE, BNTX, MRNA, NVAX, CVS, UNH, CI, WBA). NBC News
- Advanced artificial intelligence chips were cleared for export to UAE (NVDA, MSFT). Axios
- President-elect Trump says he would say in NATO as long as they pay their bills and Ukraine should prepare to receive less aid (LMT, NOC, GD, LHX). NBC News
- Omnicom (OMC) in discussions to acquire Interpublic (IPG). WSJ
- Apple (AAPL) and Sony (SONY) discussed partnership on gaming controllers. Bloomberg
- VinFast (VFS) Vietnam plant will start operating by July. Bloomberg
- Aides to President-elect Trump have contacted Meta (META), Snapchat (SNAP), and Google (GOOG, GOOGL) over online sale of drugs. The Information
- Boeing (BA) whistleblower says company did not keep track of non-conforming parts. 60 Minutes
- India wants Supreme Court hearing on Amazon (AMZN) / Flipkart issues. Reuters
- Labor department investigating child labor claims at HelloFresh (HELFY). ABC News