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

These 18 States want  the Supreme Court to throw out the 2020 Election.   Incredible  - Seditious Abuse

Latest: 106 Republican House members, that evidently do not believe in democracy, are supporting the Texas' bid to overturn President-elect Joe Biden's win.  

Regarding  Covid ( 2560 death today)  No mask Republicans are mum. 

Alabama

Arkansas

Florida

Indiana

Kansas

Missouri

Louisiana

Mississippi

Montana

Nebraska

North Dakota

Oklahoma

South Carolina

South Dakota

Tennessee

TEXAS  < Started in

Utah

West Virginia

 Notes Today:

• More firmness on the way! Sunday deadline set for ‘firm decision’ on Brexit talks. Really, this coming Sunday?

•  Bloomberg: Facebook (AKA as the plague on humanity) uses algorithms to spread its poison. But those algos are designed by human data scientists. 

• Thirty-one countries around the globe have reserved more Covid-19 vaccine per capita than the U.S., according to a Bloomberg analysis of country vaccine agreements.

 BREAKING: For the very first time, the US has surpassed 3,000 COVID deaths in a single day. 3121 Covid deaths today.

• (Reuters) -YouTube said on Wednesday it would start removing content that falsely allege widespread fraud changed the outcome of the U.S. presidential election, in a change to its more hands-off stance on videos making similar claims. (About Time)

Notes Today:

• Ray Dalio  (smart dude) said he saw no reason that stocks couldn’t trade at 50 times earnings. Plus, according to Investmenttools.com “invaluable”😏 Dow Trend Earnings (AKA FED Model) still inexpensive. 

• QuantumScape (NYSE:QS) releases performance data demonstrating that its technology addresses fundamental issues holding back widespread adoption of high-energy density solid-state batteries, including charge time, cycle life, safety, and operating temperature. The stock is up 57% today 
• If you are not risk-averse, it might be worth your while to take a look at QS. In the greater scheme of things, it is only a $1.6 billion Co. (Tesla 613 billion) and has More than a $1 billion in its war chest. If the technology performs as advertised it could improve things substantially.
  
  
  

•  China Producer Price Index (YoY) out at -1.5%, above expectations (-1.8%)

•  Pelosi and Schumer say Mnuchin's $916b aid plan unacceptable.

•  The Supreme Court rejected the Trump lawyers bid to overturn the Pa. election and doesn’t even bother to comment.

•   Trump's

and Scott Atlas’s herd immunity at work.  US Coronavirus deaths  at 293,398, surpassing the number of US combat deaths (291,557) in World War II. 

Notes Today:

• Reuters: Australia to make Facebook (AKA the plague on humanity), Google pay news outlets for content.

• U.K. officials warn Brexit talks could collapse in hours. 

• Facebook's (AKA the plague on humanity) renamed cryptocurrency is still 'wolf in sheep's clothing': German Finance Minister

• US Senate Democratic leader Schumer says McConnell has refused to compromise on covid relief and today we heard the "same old song" from McConnell. 

• Karen Braun  @kannbwx   Checking in on traffic of #soybeans - or lack thereof. Looks like #Brazil really did run out of beans. It's been a couple years since the activity was this light.

• QoQ Japans GDP was up 5.0 % 

• Japan had a current account surplus of 2,144.7 billion yen in October, the Ministry of Finance said on Tuesday - up 15.7 % YoY.

NYT: 

Trump administration officials passed when Pfizer offered in late summer to sell the U.S. government additional doses of its Covid-19 vaccine.

Now Pfizer may not be able provide more of its vaccine to the United States until next June because of its commitments to other countries, they said. 

Trump Admin. performing as expected!

Putin's former son-in-law bought shares worth $380m for $100, report says

A Russian businessman who was married to Vladimir Putin’s daughter received an estimated $380m (£283m) stake in a Russian petrochemicals company for just $100, an investigation by Russia’s iStories invest
igative outlet has claimed.

Notes Today: 

• The CME is launching a water futures contract linked to the $1.1 billion California spot water market.

• Japan's Leading Economic Index at 93.8 in October from previous 92.5  - highest in 16 month.

• Senate Republicans
  
  have invited a leading anti-vaxxer to be the lead witness at a Homeland Security committee hearing on Tuesday at a time when the US is preparing the largest-ever vaccination campaign to fight Covid.

• YoY China Exports rose 14.9% in November from previous 7.6%
• China Trade Balance rose to 507.1B in November from previous 401.75B 

• Bloomberg: Trump said his attorney Rudy Giuliani, who has been leading efforts to overturn the results of the Nov. 3 general election, has tested positive for the Covid-19 virus.

• Reuters: A new EU-UK trade agreement will “definitely” not come together on Sunday night, citing an official with the bloc who added that three most contentious issues remained unresolved.

• FT: New US stimulus bill could come as early as Monday 

• Economist: Global debt will reach $200trn by the end of this year, predicted S&P Global, which owns a credit-ratings agency. The amount is equivalent to 265% of the world’s GDP. But the firm said that the increase in the global debt-to-GDP ratio was not a crisis, provided interest rates remain low and covid-19 vaccines become widely distributed. 

• New Zealand just became one of the only countries in the world to declare Climate Change a global emergency.