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Amazon's Bezos Will Attend Trump's Tech Roundtable; Elon Musk No Longer "Too Busy", Will Also Attend

Update: *TESLA'S ELON MUSK SAID TO PLAN TO ATTEND TRUMP'S TECH MEETING

Despite the public spat between Amazon boss (and Washington Post owner) Jeff Bezos and the president-elect, the tech heavyweight has agreed to attend Trump's meeting of tech-industry executives this week. The roundtable is a who's who of anti-Trumpers including Apple's Tim Cook and Google's Eric Schmidt but there is one notable absence: Tesla's Elon Musk is unable to attend because he is too busy with work.

With 65% of ATMs Nonoperational, Goldman Warns India Is "Returning To Barter System"

India continues to stagger from bad to worse followinhg Modi's demonetization. With just 35% of ATMs nationwide operational, Goldman warns the shortage of cash continues to incentivize the use of alternate payments, including extension of informal credit and a return to barter systems. Addtionally, the slowdown in activity is dramatically reflected in lower tax collections and discounts offered by luxury car companies.

Breaking The Correlation Curse

The “Curse of Correlation” may have finally met its match. The President-Elect’s proposed policies break so completely with the last 8 post-Crisis years that investors are re-evaluating everything from the trajectory of long term interest rates to which sectors stand to benefit the most under a Trump presidency.

 

"Then We Will Fight In The Shade" - A Guide To Winning The Media Wars

"So let me end this with a warning to Facebook, Google, and all the other tech behemoths. You start this fight at your own risk. Any disingenuous attempt to smear genuine, independent media websites via blacklists and censorship will ultimately harm you more than it harms us. In a misguided attempt to destroy us, you will destroy yourselves. Tread carefully and be on the right side of history."

The Ultimate "Fake News" List

By circulating this article and this fake news list, we are not calling for these outlets to be censored, we are simply drawing attention to the fact that the very same entities who cry “fake news” are the primary sources for the most damaging, harmful and woefully inaccurate fake news stories in the history of modern journalism.

Frontrunning: December 7

  • Futures rise for third day in a row (Reuters); Banks Lead Stock Rally as Bonds Gain With Hopes Pinned on Draghi (BBG)
  • Monte dei Paschi bolsters European stocks, ECB looms (Reuters)
  • Finding Risk in All the Wrong Places as Trump Era Begins (BBG)
  • Goldman Tells Stock Pickers to Rejoice as Correlations Decline (BBG)
  • Trump’s ‘Wall’ at Mexico Border Vanishing as GOP Lawmakers Bolt (BBG)

Frontrunning: December 6

  • For Europe’s Unity, 2017 Will Be a Year of Reckoning (WSJ)
  • Oil dips as OPEC, Russian output rises ahead of production cut (Reuters)
  • The Pessimist's Guide to 2017 (BBG)
  • Donald Trump’s Message Sparks Anger in China (WSJ)
  • Brazil’s Reform Plan in Disarray After Senate Chief Removed (BBG)

Renzi Delays Resignation Until Senate Passes Budget Law

Matteo Renzi met with Italian president Sergio Mattarella to discuss the terms of his resignation. According to Ansa, Renzi's departure may not be as clear cut as some had expected, and as Ansa reports, Renzi may delay his resignation following a request by the president to hold the post until the Senate Budget Law is passed,