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News And Financial Headlines For 26Nov2017. Thanksgiving And Black Friday Sales Record

Our editors have selected headlines and news briefs from around the world.

Todays S&P 500 Chart

Here are the headlines.

Black Friday, Thanksgiving online sales climb to record high

CHICAGO (Reuters) - Black Friday and Thanksgiving online sales in the United States surged to record highs as shoppers bagged deep discounts and bought more on their mobile devices, heralding a promising start to the key holiday season, according to retail analytics firms.

Automakers struggle with the future in Los Angeles

DETROIT (Reuters) - Car manufacturers' attempts to square what U.S. consumers want against the clean vehicles regulators and investors demand will be on display in Los Angeles this week at an auto show that has moved away from calling itself just an auto show.

U.S. prosecutors' letter spurred orders in self-driving car lawsuit

SAN FRANCISCO (Reuters) - The judge overseeing a lawsuit between Uber Technologies Inc [UBER.UL] and Alphabet Inc's Waymo self-driving car unit issued a series of orders this week, prompted by information shared with him by the U.S. Department of Justice.

Exclusive: Airbus set to poach Rolls exec to head jetliner sales - sources

PARIS (Reuters) - Airbus is poised to hire the head of Rolls-Royce's civil engines unit, Eric Schulz, to lead its commercial jetliner sales, after months of uncertainty over the successor to sales kingpin John Leahy, three people familiar with the matter said.

'Stealth hedging' shows investors not so complacent

NEW YORK (Reuters) - With the U.S. stock market at a record high and daily stock gyrations near multi-decade lows, some investors have raised concerns about the lack of fear in the market, but U.S. equity options market data suggests investors are far from complacent.

Canadian charged in Yahoo hacking case to plead guilty in U.S.

(Reuters) - A Canadian accused by the United States of helping Russian intelligence agents break into email accounts as part of a massive 2014 breach of Yahoo accounts is expected to plead guilty next week, according to court records.

Online sales? Maybe one day, says Chanel

PARIS (Reuters) - France's Chanel has no immediate plans for online sales of its coveted outfits or handbags, a senior executive said on Friday, making it one of the fashion world's last hold-outs as rivals experiment with websites to win over new clients.

French minister 'shocked' by job cuts at Nestle's Galderma unit

PARIS (Reuters) - French Finance Minister Bruno Le Maire said on Saturday he was particularly "shocked" by Nestle's plans to cut up to 450 jobs at its Galderma skin-health research plant in the south of France as the plant benefited from a research tax credit.

TransCanada recovers 44,400 gallons of oil from Keystone pipeline spill site

(Reuters) - TransCanada Corp said on Friday it has recovered 44,400 gallons, or 1,057 barrels, of oil from the Keystone pipeline spill site at Amherst, South Dakota.

China Busts Gang That Smuggled $3 Billion Out Of The Country

China's crackdown on capital outflows has been a boon for organized crime in the region, with Chinese triad gangs and even Japanese Yakuza organizations partaking in the smuggling bonanza. Over the summer, we reported on a case of Yakuza gangsters teaming up with wealthy Chinese to smuggle thousands of tons of gold out of the country, using Japanese regional airlines as unwitting mules while taking advantage of a loophole that allows them to circumvent customs.

But the Yakuza isn't the only criminal group that's capitalized on the desperation of wealthy Chinese to preserve their wealth by moving it offshore: Local triad gangs have helped smuggle tens of billions of Chinese yuan offshore, reaping enormous profits in the process.

To wit, Chinese police say they have broken up a gang that smuggled 20 billion yuan ($3 billion) out of the country. According to the Associated Press, which cited reports from China's Xinhua News Service, seven suspects were detained in the case centered in the southern city Shaoguan near Hong Kong but as many as 10,000 people might have been involved, the official Xinhua News Agency reported.

Ryan Bundy's Opening Statement: "This Is Not What America Is Supposed To Be..."

Authored by Tim Borwn via FreedomOutpost.com,

Sometimes, in the process of covering so many things and in the attempt to provide as much information and commentary as possible, we simply are not able to provide all that we wish to do so to the public.

However, that does not mean other stories and commentary are not important. In fact, many things coming out of alternatives media today are vitally important for those coming off the government-controlled media.

One of those items that didn't hit the mainstream media, and sadly didn't hit much of the alternative media, was the opening statement of Cliven Bundy's son, Ryan, as the trial of the century began nearly two weeks ago.

In light of that, I've been meaning to post his opening statement because it is certainly on that Americans should familiarize themselves with and quite possibly, should a fair history book be written, may go down in a Patrick Henry-esque fashion.

So, without further ado, here's Ryan Bundy's opening statement (H/T Gary Hunt) that was delivered to the jury in the Bundy Ranch trials on November 15, 2017. Read and remember.

Anarchy: How a Region of Somalia Just Solidified Its Independence

Via The Daily Bell

If you hate the government so much, why don't you move to Somalia?

That might soon be a great option. The truth is Somalia is not without government. It actually has multiple governments.

In the south, you see corruption, crime, and gang-like government oppression. This is what the United Nations and most of the international community call the official government of Somalia.

And in the north there is a separatist state called Somaliland. Here crime is lower, and the economy is freer. More people have power and water. The standard of living is higher. The region bases its law on the historical Xeer system, similar to Common ...

Dubai Security-Chief Unleashes Tweet-Storm Demanding Bombing Of Al-Jazeera

On Friday, Dubai Lieutenant General Dhahi Khalfan unleashed a tweet-storm to millions of his followers - calling for the bombing of Al Jazeera, the Qatar-based media network. Khalfan's tweet-storm was in response to the horrific terrorist attack in northern Sinai that killed more than 300 people, including at least two dozen children.

Interesting enough, Al Jazeera was the only media outlet to report on their own bomb-threat as most outlets fell silent. Here is how Al Jazeera interpreted Khalfan's tweets,

"The alliance must bomb the machine of terrorism ... the channel of ISIL, al-Qaeda and the al-Nusra front, Al Jazeera the terrorists," the former police chief and now head of security in the Emirate told his 2.42 million followers on the social media site.

"For how long will they [Al Jazeera] continue to tamper with the security of Egypt and the Arab world?" he tweeted.

Will Investors' Low-Rate Mistake Kill the Stock Market?

Why are stocks so expensive? In part it may come down to a behavioral quirk that could be putting the market at risk.

Investors Must Focus on Big Picture on Black Friday

There is a predictability to Black Friday stories each year, yet there also is a predictability to what they tell us about how stores will do over holidays—not much.

Rio Tinto Isn't Tesla; It Should Hold Fire On a Lithium Bet

Lithium-battery and electric-vehicle plays are enjoying a futuristic ride into the stratosphere. Rio Tinto shouldn't follow—at least not yet.

Economic Preview: Meet the next Fed boss. Same as the old boss? Jerome Powell to face Senate glare

Wall Street and Main Street will get their first big clue this week on how the next leader of the Federal Reserve plans to safeguard the U.S. economy and set the cost of borrowing for consumers and businesses.

NewsWatch: Want to protect your stock-market gains? Consider these options

A zero-coupon bond, gold, put options or even cash can help you hedge against the possibility of a bear market.

Market Snapshot: Throw out the stock-market playbook as S&P 500 nears 3,000

Few of Wall Street's prognosticators, if any, predicted that the S&P 500 would eclipse 2,600 before the end of 2017.

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gary@econintersect.com

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