Weekend Reading Summary
Macro Related
- President Trump is dissatisfied with Treasury Secretary Steven Mnuchin over advice to select Jerome Powell as Fed Chair. WSJ Report
- Congressional Democrats want protection of Robert Mueller's investigation to be included in spending bill (Govt funding for several departments expires December 7th). WSJ Report
- E.U. has agreed to terms of U.K. withdrawal from the European Union, but is still must be approved by UK Parliament. (VGK, EWU). NY Times Report
- U.S. and Mexico in talks to allow migrants to stay in Mexico as they await Court hearings for asylum (EWW, EWC). NY Times Report
- Italian Deputy Prime Minister Matteo Salvini might change deficit goal (EWI). Adnkronas Report
- Protesters have called for the resignation of French President Macron over increasing diesel prices (EWQ). Sky News Report
Stock Specific
- Positive views on BBY, WMT, TGT, XRT. Barron's Report
- Positive views on SSP, PZZA. Barron's Report
- Positive view on Materion (MTRN). Barron's Report
- Positive view on FB profiled while cautious on AAPL, NFLX, AMZN. Barron's Report
- Positive views on BAC, WFC, AXP, USB, PNC, BK, JPM, GS. Barron's Report
- NBC investigation found Integra LifeSciences (IART) medical devices sold oversees have issues. NBC News Report
- Key Senators will get briefing on Khashoggi murder as they consider sanctions (USO, XLE). The Hill Report
- Adobe data shows online spending grew 23.6% on Black Friday, a new record (XRT, EBAY, AMZN). CNBC Report
- Former Nissan (NSANY) exec Charles Ghosn has denied accusations against him. NHK Report
- Domino's Pizza (DPZ) shareholders want Board shakeup. Sunday Times UK Report
- Private equity interested in Nestle (NSRGY) skin care unit. Sunday Times UK Report
- Ohio will start accepting Bitcoin for tax bills (BTC, NVDA). WSJ Report
- Foxconn (FXCNY) Chairman sees strong business through January (AAPL). Bloomberg Report
- Google (GOOG) and Facebook (FB) advertising platforms had glitches on Black Friday weekend. WSJ Report
- Physical store retail traffic fell 5-9% YoY for Thanksgiving and Black Friday, according to data from RetailNet (XRT). WSJ Report
- Campbell Soup (CPB) and Third Point near agreement to settle ongoing proxy fight. WSJ Report
- UK could publish confidential Facebook (FB) related documents seized by the UK parliament this week. FT Report
- Goldman Sachs (GS) strengthened oversight of risk following 1MDB deal. FT Report
- Tencent Music (TCEHY) plans to conduct IPO in December. FT Report