Friday, December 04, 2020

Notes Today: 

  • Bloomberg: U.K. and EU pause Brexit talks after intensive negotiations fail to resolve key issues, as PM Boris Johnson and European Commission President Ursula von der Leyen schedule crisis call..
  • A federal judge ordered the Trump administration to restore DACA to its pre-2017 status.

  • US Nonfarm Payrolls rose by 245,000 in November vs. 469,000 expected   

  • US Factory Orders rose by 1% in October vs. 0.8% expected - the sixth straight monthly gain. 

  • The U.S. trade deficit widened 1.7% to $63.1 billion in October. 

  • Germany Factory Orders MoM at 2.9%, above forecasts of 1.5% 

  • Trump is doing his best to jam in the opening of oil and gas drilling in Alaska’s Arctic National Wildlife Refuge.  The sale of leases is planned for 6 January 2021, just ahead of the inauguration of the US president-elect, Joe Biden, who opposes the move.
  • Bloomberg: With a vaccine on the way, congressional failure to pass Covid relief now would put millions of jobs and thousands of small businesses at risk.

 


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