13Dec2019 Midday Update: Wall Street Records New Highs, Then Goes Negative, Now Large Caps Flat, DOW Down 16 Points, Nasdaq Up 0.2%, All Eyes On China News Briefing

Here is the current market situation from CNN Money

North and South American markets are mixed today. The IPC is up 1.89% while the Bovespa gains 0.04%. The S&P 500 is off 0.03%.

U.S. retail sales rise slightly, cast shadow on fourth-quarter economic growth

U.S. retail sales increased less than expected in November as Americans cut back on discretionary spending despite a strong labor market, raising fears of a much faster slowdown in fourth-quarter economic growth than currently anticipated.

U.S. business inventories rebound in October

U.S. business inventories increased in October, lifted by stocks at retailers, suggesting inventory investment could again contribute to economic growth in the fourth quarter.

U.S. sets China trade deal terms, sources say, but Beijing mum

Washington has set its terms for a trade deal with China, offering to suspend some tariffs on Chinese goods and cut others in exchange for Beijing’s buying more American farm goods, U.S. sources said on Thursday.

China delays media briefing on U.S. trade talks

China has postponed a news briefing to give an update on progress in trade talks with the United States until around 11:00 p.m. local time (1500 GMT) on Friday, half an hour later than originally scheduled.

Take Five: Deal or no deal?

Sunday is the deadline for a trade deal to prevent President Trump’s new U.S. tariffs on China from taking effect.

Wall Street flat with all eyes on China news briefing

U.S. stocks traded in a tight range on Friday, as investors treaded cautiously ahead of a news briefing by Chinese officials on the state of trade talks with the United States.

Oil hits three-month high as trade hopes, UK election lift sentiment

Oil rose to its highest in nearly three months on Friday as progress in resolving the U.S.-China trade dispute and a decisive general election result in Britain lifted investor’s appetite.

Investors in collapsed Woodford fund to get half their cash in January

Hundreds of thousands of investors trapped in the former flagship fund of veteran money manager Neil Woodford should get just over half their money back in January, but may have to wait some time to recover more from the collapsed business.

Ford recalls 547,538 Super Duty pickup trucks on post-crash fire risk

Ford Motor Co said on Friday it would recall 547,538 of its Ford Super Duty pickup trucks across the United States, Canada and Mexico, citing the risk of a post-crash interior fire.

Fed Brainwashing On Net Wealth In One Picture

Fed Brainwashing On Net Wealth In One Picture

Authored by Mike Shedlock via MishTalk,

The Fed released its “Z1” report yesterday on Household Net Worth and Domestic Nonfinancial Debt. Let’s dive in on wealth.

Deutsche Bank To Slash Bonuses As Much As 20%

Deutsche Bank To Slash Bonuses As Much As 20%

It looks like Deutsche Bank CEO Christian Sewing is really going to have his work cut out for him this bonus season, just as we expected.

According to a Bloomberg report published Friday morning, sources with inside knowledge said DB is going to be cutting its bonus pool by 20%, making Sewing’s task of retaining top talent even more difficult than it would have otherwise been.

Central Banks Alarming Moves Towards Social Engineering

Central Banks Alarming Moves Towards Social Engineering

Authored by Bruce Wilds via Advancing Time blog,

Recently the central banks have found themselves grasping at straws when it comes to moving the economy forward. Signs have begun to appear on the horizon that in the future they will attempt to expand their power by increasing their role in social engineering. This is a term that refers to efforts to influence particular attitudes and social behaviors on a large scale. Its goal is to produce or change certain desired social characteristics in a population. In the past, this has been more the role of governments with the consent of the people often through laws and tax policies.

‘Not My Prime Minister’ – Radical Left Marches Against Democracy In Britain

‘Not My Prime Minister’ – Radical Left Marches Against Democracy In Britain

Apparently, the British people have ignored the anguished shrieks from the Extinction Rebellion protesters, Stand Up To Racissm rabble and other myriad constituencies of the British far-left about how “people WILL die!” unless Jeremy Corbyn’s vision of society is imposed on Great Britain. Instead, the Tories have carried the biggest majority in decades, every single strategic decision by Johnson and Dominic Cummings (including the ruled-unconstitutional decision to suspend – or “prorogue” – parliament) has been vindicated and Corbyn has already announced his plans to quit, joining predecessor Ed Milliband on the scrap-heap of British political history.

A health check of India’s shadow banks show nascent recovery

A health check of India’s shadow banks show nascent recoveryGlimmers of improvement in the sector come almost 18 months after the first default by the IL&FS Group.

New Year may bring some cheer for economy

New Year may bring some cheer for economyMoody’s expects economic growth to pick up in 2020 and 2021 to 6.6 per cent and 6.7 per cent respectively.

China and US reach phase one trade deal

China and US reach phase one trade dealChina and US have agreed on text of a phase one trade deal based on principle of equality and mutual respect.

06 December 2019 ECRI’s WLI Growth Rate Marginally Declined

Written by Steven Hansen

ECRI’s WLI Growth Index which forecasts economic growth six months forward marginally declined but remains slightly in expansion.

Capitol Report: Tax-credit expansion sought by Tesla, other EV players is among tax breaks getting lawmakers’ attention as year ends

Tesla, General Motors and other players in the electric-vehicles sector have a role in the end-of-year scramble around a possible tax package with so-called œtax extenders, as they could score an expansion for a key EV credit.

The Moneyist: ‘Even wealthy Americans have no qualms about re-gifting’ ” but when is it NOT cool to re-gift your unwanted swag?

‘Cast thy bread upon the waters: for thou shalt find it after many days.’

IPO Report: China’s answer to WeWork files for IPO and it feels like deja-vu all over again

Ucommune Group Holdings Ltd., China’s answer to WeWork, has filed for a U.S. initial public offering, apparently undaunted by the collapse of its U.S. rival’s effort to go public in September.