Mexico

Senate Democrats Prepare For Their 2017 Theatrical Debut As Confirmation Hearings Loom

Starting Tuesday Americans will be subjected to what will feel like endless hours of torture as Senate Democrats get their opportunity to question Trump cabinet appointees.  Given that Republicans control a 52-48 majority in the Senate and that Democrats eliminated the 60-vote threshold in 2013, the Democrat theatrical displays will ultimately amount to nothing more than an attempt to discredit and shame Trump's appointees but should be fun nonetheless.

Frontrunning: January 9

  • European shares dip, sterling falls on Brexit comments (Reuters)
  • Pound Falls to 10-Week Low as May Hints at Single-Market Exit (BBG)
  • Offshore Yuan Falls for Second Day as Bears Reload After Squeeze (BBG)
  • Trump's choices for top Cabinet posts face big tests this week (Reuters)
  • Nine Trump Nominees Who’ll Face Extreme Vetting by Democrats (BBG)
  • Meet the Mercers: New Power Brokers in Trump’s Washington (WSJ)

Fiat Chrysler To Invest $1 Billion In The US, Add 2,000 Jobs

Suddenly the coolest thing in corporate America is announcing major capital investments in the US while adding thousands of American jobs, in other words the opposite of the globalization trend of the past 30 years, in yet other words, doing precisely what Donald Trump demands.

Caught On Tape: Gunman Shoots US Consular Official In Mexico

As domestic unrest grows in Mexico amid gas price hikes and tensions mount over Trumpian policies, AP reports that Mexican prosecutors said Saturday they are searching for a gunman who opened fire on, and wounded an official of the U.S. consulate in the western city of Guadalajara. While motive is unclear, the shooting appeared to be a direct attempt to kill the consular employee.

Dead Unicorn Walking? Theranos Fires Another 40% Of Staff

In October we noted that the death of Theranos has been long coming - ever since the WSJ' John Carreyrou did a phenomenal job, starting about one year ago, of exposing the fraud that is Clinton Global Initiative-darling Elizabeth Holmes - but now following the second round of massive job cuts, it appears the final nail in the coffin of this 'fake news' unicorn is being struck. As Bloomberg reports, the startup will eliminate 155 more positions, leaving 220 employees (down over 70% from highs).

Bill Gross Compares Trump To Mussolini

"Some of these pre-term policies, where he’s cajoling companies to move production back into the United States, that’s fine, but it reminds me to some extent of policies in Italy long ago associated with Mussolini and government control of corporate interests" - Bill Gross

An Angry Japan Responds To Trump's Toyota Taunts

Japanese government officials pushed back against Donald Trump’s criticism of Toyota as the attack on the country’s most powerful corporate name sent shockwaves across Japan Inc.