Written by Gary
Massive Outage Disrupts “Majority Of Google’s Services” Across US (SPY +0.6%). Premarket movers: Alphabet, Pfizer, Alexion Pharmaceuticals, CureVac.
Here is the current market situation from CNN Money | |
 | European markets are mixed today. The DAX is up 1.19% while the FTSE 100 gains 0.07%. The CAC 40 is off 0.76%. |
What Is Moving the Markets
| Here are the headlines moving the markets. | |
 | Middle East Oil Prices Rise As Asian Demand RecoversAs the United States and Europe falter under the weight of ever-increasing coronavirus cases and a general lull in markets, the health of the Asian crude market has arguably pulled crude prices and differentials away from the adverse ramifications of second wave coronavirus. China, India, Japan, South Korea; all of them are increasing their crude intake, increasing refinery runs and riding the waves of healthy refining cracks. At the same time, the early December OPEC+ meeting has tainted the upbeat sentiment a bit the parties agreeing |
| Do Not Buy An Electric Car For Christmas Until You Have Read ThisThere is no better gift for the car enthusiast this Christmas than half a million dollars in luxury EVs for the price of one. A Tesla Model X starts at $80,000, and the Model S is right up there, too. An Audi e-Tron will set you back at least $66,000. A Jaguar i-Pace will come at a starting cost of $70,000. And a BMW x5 starts at $60,000. The Porsche Panamera costs a minimum of $87,000. Or, you can drive them all–on demand–for under $1,700 a month With a transformational EV subscription through |
| Bombshell Report Pours Cold Water On Global LNG OutlookWhen the European Union tied its pandemic relief plan to renewable energy generation and emissions reduction targets, analysts sounded an alarm for LNG as the production of the superchilled fuel involves a certain amount of greenhouse gas emissions. Now, Wood Mackenzie is warning that global energy transition goals could threaten more than two-thirds of the worlds supply of liquefied natural gas, leaving trillions of cubic meters of gas in resources stranded. This forecast is a stark departure from pretty much all gas demand projections, |
| Could This Cathode Breakthrough Make Batteries Cheaper?More energy- and cost-efficient batteries will be key to accelerating the adoption of electric vehicles (EVs) and increasing the share of renewable power generation as many countries pledge to make their economies greener in the aftermath of the pandemic. So the race to find the next breakthrough in the most widely used kind of batteries, the lithium-ion battery, is on. Researchers have been at work for years to develop longer-lasting and cheaper batteries that can store more energy. Most recently, scientists at the U.S. Department |
| Solar Energy Boom Fuels Demand For SilverSaxo Bank projects silver will soar to a record $50 an ounce in 2021, powered by loose Federal Reserve monetary policy and a weak dollar, and turbocharged by surging demand for the white metal in the solar energy sector. According to the Saxo Bank report, the usual suspects will continue to power silver upward, referring to the extraordinary monetary policy weve seen in response to the coronavirus pandemic in 2020.Saxo analysts expect the US dollar to continue to weaken even as the pandemic eases with the rollout of a vaccine |
| Geopolitical Rift Between Australia And China Reaches Boiling PointThe Chinese economic engine requires vast quantities of raw materials such as coal to power industries. While the majority of the coal is mined domestically, China is increasingly dependent on imports to satisfy its needs. Australia, in comparison, is an important exporter of several raw materials which has benefitted from the expanding South-east Asian economy in general and China’s in particular. However, relations between Canberra and Beijing have deteriorated significantly over the years and reached rock-bottom which is a major threat to the |
| FDA chief says agency will quickly approve Pfizer’s Covid vaccine for emergency useThe authorization of the vaccine should come “in the next couple of days,” Alex Azar, secretary of the Department of Health and Human Services, said on ABC’s “Good Morning America.” |
| Biden advisor urges trust in Covid vaccines, says politics did not influence approval“Vaccines don’t stop pandemics. Making sure that people are vaccinated is what can stop this pandemic,” Biden health advisor Dr. Julie Morita told CNBC. |
| Popeyes to launch beignets nationwide for limited time as it doubles down on dessertPopeyes Louisiana Kitchen is adding chocolate beignets to its menu nationwide for a limited time. |
| 5 things to know before the stock market opens MondayDow futures rose Monday as the Covid-19 vaccine from Pfizer and BioNTech begins to roll out on emergency use basis. |
| A UK university is pivoting to sustainable tech with solar and wind turbine dealKeele University is the latest educational institution looking to develop and analyze sustainable technologies. |
| British stores stockpile food on Brexit no-deal concerns ” but shoppers urged not to panic buyU.K. supermarkets are widely reported to be stockpiling food amid the possibility of a no-deal scenario as Brexit trade deal negotiations continue. |
| A Swiss biotech firm developing a Covid treatment has seen its share price soar 38,000% this yearSwiss biotech firm Relief Therapeutics has seen its share price climb by nearly 38,000% so far this year, as it develops a drug focused on respiratory failure arising from severe Covid-19. |
| Women’s soccer set viewership records in 2020 ” now it needs to keep them watchingWomen’s soccer reached more viewers than ever in 2020, but the next stage for women’s sports is about attracting new broadcast partners and corporate sponsors. |
| People do crazy things with money. Avoiding these blind spots can help prevent future regretsThe highest dividend money can pay is independence, says Morgan Housel, author of “The Psychology of Money.” Certain habits can get in the way of that. |
| How sports cards became a multi-million dollar alternative investmentCollecting sports cards has reached popularity not seen in over 30 years. Values have reached all time highs and investors are taking notice. |
| Trump doesn’t ” then briefly does ” wear mask in stands at Army-Navy football game as Covid rages across U.S.The failure by Trump to wear a mask at the Army-Navy game came amid a record number of deaths from coronavirus, and as a Covid-19 vaccine was approved for use. |
| Pfizer’s Covid vaccine is now shipping. Here’s how the U.S. plans to deliver itThe FDA just cleared the first Covid vaccine for emergency use. Within hours, FedEx and UPS will begin shipping 2.9 million doses across the country. |
| CDC panel recommends Pfizer Covid vaccine for people 16 years and older, clearing pivotal hurdleA key U.S. Centers for Disease Control and Prevention panel voted unanimously to recommend Pfizer-BioNTech’s Covid-19 vaccine for people 16 years and older. |
| Tesla To Shut Model S & X Production For 18 Days, Puts Some Staff On Unpaid LeaveTesla To Shut Model S & X Production For 18 Days, Puts Some Staff On Unpaid Leave Tyler Durden Mon, 12/14/2020 – 08:21 But, but, but… this is the most successful, awesome carmaker in the world, right? TSLA shares are continuing their ever-upward trajectory this morning despite headlines reporting that, according to an email seen by CNBC, Tesla informed employees in its Fremont, California, factory on Friday that its Model S and Model X electric vehicle production lines will close from December 24th to January 11th. |
| Stocks Jump On Vaccine Rollout, Hopes For Bipartisan Stimulus BillStocks Jump On Vaccine Rollout, Hopes For Bipartisan Stimulus Bill Tyler Durden Mon, 12/14/2020 – 08:05 US equity futures jumped alongside European markets on Monday amid optimism that a pared-down stimulus bill may be imminent, as well as the imminent deployment of the first vaccine in the U.S. Oil continued its ascent above $50, while the dollar dropped. |
| Massive Outage Disrupts “Majority Of Google’s Services” Across US, EuropeMassive Outage Disrupts “Majority Of Google’s Services” Across US, Europe Tyler Durden Mon, 12/14/2020 – 07:51 Update (0800ET): Google says problems with its services “for the vast majority of users” should now be resolved. Meanwhile, a lot of Google Home early adopters are probably doing a big rethink right about now.
We look forward to the inevitable flood of thinkpieces. * * * Google was hit with a massive outage early Monday morning in New York as Gmail, Google Cloud, Google Classroom and pretty much all of the company’s other cloud-based services went down, snarling business and education across the country. Startin … |
| Virgin Shares Plunge As Aborted Launch Delays Space ProgramVirgin Shares Plunge As Aborted Launch Delays Space Program Tyler Durden Mon, 12/14/2020 – 07:44 After all of SpaceX’s aborted launches and outright failures (none of which, thankfully, resulted in the loss of human life), you’d think the market would have internalized the notion that rocket launches sometimes get aborted three or four times before the circumstances align in just the right way. Not so. |
| Sizewell C: Government in talks to fund £20bn nuclear plantOfficials will hold discussions with France’s EDF about funding the Sizewell C project in Suffolk. |
| Google outage: YouTube, Docs and Gmail knocked offlineUsers around the world were unable to access applications including YouTube, Gmail and Docs. |
| Brexit: Pound gains after EU trade talks extendedSterling regains some of Friday’s losses after the UK and EU continue talks over a Brexit deal. |
| Nifty likely to touch 15,000 by December 2021, says JP MorganJP Morgan said the Indian economy does not appear strong enough to drive upgrades on already lofty earnings forecasts. |
| 11 stocks that can deliver stellar returns in the short termAfter six weeks of consecutive gains, Dalal Street bulls appear to be unstoppable this week as well. Amid record foreign inflows, progress in vaccine approvals and stimulus hopes, both the benchmark indices touched fresh record highs on Monday. “Investors should remember that valuations are high and risky. Sharp surge in Covid infections in the US, recent spike in infections in Germany, South Korea, etc, the farmer agitation lingering without a settlement and the possibility of a Brexit without a deal are areas of concern. Investors have to be cautious,” said Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.Here is a list of 11 handpicked stocks that can deliver handsome returns in the short term. |
| Burger King zooms 131% in debut trade. Has it run up too much, too fast?Keshav Lahoti of Angel Broking said short-term investors in Burger King can book profit. |
| The Big Move: We’re in our 40s and can afford a $700K house. My husband is retiring from the U.S. Navy. Where should we go?‘We’re looking forward to moving closer to family and putting down roots.’ |
| : AstraZeneca will acquire Alexion Pharmaceuticals in $39 billion push into rare diseases and immunologyAstraZeneca has agreed to buy U.S. Alexion Pharmaceuticals for $39 billion, betting on rare diseases and immunology as the British drug company emerges as one of the leading developers of a COVID-19 vaccine. |
| Futures Movers: Oil lifted on vaccine optimism, tanker explosionOil futures rise Monday as the U.S. rollout of a COVID-19 vaccine begins. |
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