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How NBC 'Killed' Ronan Farrow's Weinstein Exposé

Inside and outside NBC, sources are challenging the network’s take on the bombshell it missed. "NBC did everything they could to delay it, complicate it, and ultimately [kill] it."

McMaken: Stop Wrapping The Flag Around Pro Sports

"Prior to 2009, football players weren't on the field for the national anthem, remaining in the locker room...And why did players start making a display of their 'patriotism' in 2009? It turns out the government gave them taxpayer money to do so..."

Risk Off: Global Stocks Slide As "Fire And Fury" Results In "Selling And Fear"

US futures are set for a sharply lower open (at least in recent market terms) following a steep decline in European stocks and a selloff in Asian shares, following yesterday's sharp escalation in the war of words between the U.S. and North Korea. In a broad risk-off move U.S. Treasuries rose, the VIX surged above 12 overnight, while German bund futures climbed to the highest level in six weeks.

Frontrunning: August 8

  • Tax Overhaul Effort Shaped by Debate Over Corporations (WSJ)
  • Funds target 'unknown' stocks as Wall Street cuts analyst jobs (Reuters)
  • GOP Plans Tax Compromise to Sidestep Democrats (BBG)
  • Few expect Trump's 15-percent corporate tax rate: Deloitte survey (Reuters)
  • Raid on Venezuelan Base Got Help From Active Officers (WSJ)
  • Hackers demand million in ransom for stolen HBO data (AP)

Global Stocks Hit New All Time High As Dollar Rebounds; Europe Volatile On Earnings Deluge

The levitation continues with S&P futures pointing to - what else - another higher open while European stocks swung between gains and losses on the busiest earnings days of the year (85 of the Stoxx 600 report) which has seen European pharma giant AstraZeneca plunge 15%, the most on record, after its flagship lung cancer trial Mystic failed to show benefits, while Deutsche Bank slumped 4% on a 12% plunge in FICC revenue.

KKR Names Successors To Co-Founders Henry Kravis, George Roberts

Iconic Private Equity firm Kohlberg Kravis Roberts i.e., KKR, has appointed two executives to succeed co-founders Henry Kravis and George Roberts, in what the FT dubs is a "rare move for an industry where succession plans have not been set out publicly."

Frontrunning: July 6

  • EU, Japan Strike New Trade Deal (WSJ)
  • EU-Japan deal sends anti-protectionist signal before G20: German minister (Reuters)
  • Republican lawmaker Steve Scalise's condition worsens after June shooting (Reuters)
  • The Flashpoints for World Leaders at G-20 Summit (BBG)
  • Leftist protesters vow to disrupt G20 summit in Hamburg (Reuters)

Frontrunning: June 27

  • Stocks, dollar ease as central bank officials take center stage (Reuters)
  • Euro surges on Draghi comments, dollar slips (Reuters)
  • Yuan Surges in Afternoon Trade Amid Talk PBOC Supported Currency (BBG)
  • U.S. threatens Syria, says Assad is planning chemical weapons attack (Reuters)
  • Google Gets Record $2.7 Billion EU Fine for Skewing Searches (BBG)

Netflix Now Has More Subscribers Than Cable

Despite going all-in on Adam Sandler content – a bizarre choice - Netflix has managed to continue growing its subscriber base, recently reaching a new milestone: It now has more paying customers than Comcast Corp., Charter Communications and all other US cable companies combined.