Notes Today:
And Mitch McConnell keeps blocking relieve ..
- It didn’t take long for the Federal Reserve’s increased attention to climate change to spark pushback from (what climate change) Republicans.
- Bloomberg: Boris Johnson warns Britain should prepare to leave the European Union’s single market without a trade deal as negotiations falter.
- Fishing accounts for only 0.1% of British GDP. Yet it could sink
the chances of a (very fishy) Brexit deal.
- US Initial jobless claims rose by 137,000 to 853,000 in the seven days ended Dec. 5, the Bureau of Labor Statistics said Thursday. More than expected.
Shares of Airbnb IPO valued at just over $100 billion
- USDA cut the 2020 U.S. #cotton crop by 6.7% from November, and that was all on yield. This year's harvest was 20% smaller than in 2019 and is the smallest crop in 5 years. Market participants had a pretty good idea that a cut was likely this month. (Karen Braun @kannbwx)
- USDA leaves the U.S. #corn balance sheet unchanged, but #soybeans fall to 175 mln bu on a 15 mln bu jump in crush. Soy exports unch. #Wheat exports were increased 10 mln bu. (Karen Braun @kannbwx)
- See market analyst #Steve Freed recap the Dec 10 #USDA S/D crop report. No changes in soybean & corn exports hubs.ly/H0CpdbB0
