Written by Econintersect
Early Bird Headlines 13 November 2019
Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, published Monday, Wednesday and Friday, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.
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Notice: We have changed the form of content coverage for Early Bird. We will provide discussion only for Asia Markets news and a small number (often 1 or 2) other articles. The remainder of the content will be headlines (with links) only.
Key Articles
Global
- Hong Kong stocks lead losses regionally amid civil unrest (CNBC) Hong Kong stocks declined on Wednesday as a recent escalation in violence amid ongoing protests weighed on investor sentiment. Elsewhere, major Asian stock markets mostly slipped in the afternoon as investors awaited clarity on the first phase of an agreement between the U.S. and China that would ease some tariffs. Mainland Chinese stocks were mixed on the day. The U.S. dollar index was last higher at 98.412 after touching an earlier low of 98.292. Oil prices slipped in the afternoon of Asian trading hours, with international benchmark Brent crude futures declining 0.44% to $61.79 per barrel. U.S. crude futures also shed 0.26% to $56.65 per barrel. Spot gold rose 0.5% to $1,464.80 per ounce as of 1039 GMT. U.S. gold futures inched 0.8% higher to $1,465.60. U.S. treasury yields fell an average between 1.3% and 1.5% on the long end..
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U.S.
- ‘Brutal’ Arctic blast is affecting 200 million people from Chicago to Texas, and it isn’t over yet (USA Today) Thousands of flights were canceled or delayed, some areas struggled under more than a foot of snow and more than 200 million people faced a freezing forecast Tuesday as a historic Arctic air mass swept across much of the nation. Bitter cold temperatures were reported from the Canadian border to South Texas. The freeze was moving east, headed for a swath from New England to Florida. Chicagoans awoke to single digits, a few inches of snow and a forecast high of 20 degrees that would smash the city’s record for the date by 8 degrees. Follow latest weather conditions and forecasts: LIVE ALL WEEK: Weather 11 November Through 17 Nov 2019.
Directory
Readers can scan through this article or jump to where they want to go via the links to the right. To get back to the Directory, hit the back arrow at the top of the URL bar on your screen. But in many cases, one of my Editors has graciously inserted a Return to Directory link to click so that is even easier. This is so high tech that I can hardly believe it. |
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- Adam Schiff Signals ‘Bribery’ Charge for Trump’s Impeachment: Founders Understood It as ‘Breach of the Public Trust’ (MEDIAite) According to audio in a new NPR interview, Schiff argued that the Founders had a “broader” definition of bribery that included abuse of power and breach of the public trust by elected officials, suggesting that it would be the central crime in the “high crimes and misdemeanors” specified by the Constitution for impeachment of a president.
- Supreme Court Appears Ready to Let Trump End DACA Program (The New York Times) The Supreme Court’s conservative majority appeared ready on Tuesday to side with the Trump administration in its efforts to shut down a program protecting about 700,000 young undocumented immigrants known as Dreamers. The court’s liberal justices probed the administration’s justifications for ending the program, expressing skepticism about its rationales for doing so. But other justices, including President Trump’s two appointees, indicated that they would not second-guess the administration’s reasoning and, in any event, considered its explanations sufficient. Justice Brett M. Kavanaugh said:
“I assume that was a very considered decision.”
- Trump used his pulpit before the Economic Club of New York to bash the Fed, a diversion from what many hoped would be a positive speech on trade progress.
- The president claimed that if it weren’t for the reluctance of the Fed, the stock market’s gains since his election would be significantly higher.
- Trump also contended that the Fed should continue to cut interest rates to make the U.S. more competitive in the global market.
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Other important articles
U.S.
- WH plans “aggressive” strategy for open impeachment hearings (CBS News)
- Aides are counseling Trump not to fire Mulvaney, as acting chief of staff changes course again (The Washington Post)
- Many angry at Mulvaney’s ‘incomprehensible’ legal approach (CNN)
- A Trump administration plan would make it harder for the E.P.A. to enact clean air and water rules by limiting the scientific research it can use. (The New York Times)
- House Democrat: ‘Sham’ investigation of Bidens will not dominate impeachment hearings (Reuters)
- Bannon calls Pelosi’s impeachment strategy “actually quite brilliant” (CBS News)
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- ‘Anonymous’ author warns that Trump ‘will not exit quietly,’ even if defeated or impeached (USA Today) Trump is preparing his followers to see either outcome as a “coup” that could warrant resistance. He could call for a civil war.
EU
UK
- The UK election should be about ideas, not polls (Social Europe)
- Labour vows to outspend Tories with £26bn ‘rescue’ plan (The Guardian)
Germany
- lon Musk says Tesla will build cars in Berlin (CNN)
- The German impasse (Social Europe) Argument over arcane economic theory is blocking political progress.
Italy
Turkey
China
- China-US rivalry on brink of becoming a ‘financial war’, former minister says (South China Morning Post)
Bolivia
- Bolivia opposition leader declares herself president after Evo Morales’ resignation (Fox News) Jeanine Anez, the Senate’s second vice president, flashes a peace sign as she gives a press conference at Congress in La Paz, Bolivia.
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Canada
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