Reuters

How The Mainstream Media Turned Al Qaeda Into A US Ally In Syria

Since 9/11, US corporate media have portrayed Al Qaeda as a monstrous organization whose existence justifies a global war without end. Who could have predicted that by 2016, these same media outlets would become Al Qaeda’s most enthusiastic cheerleaders?

German Vice Chancellor Says "European Break Up No Longer Unthinkable"

"It is no longer unthinkable that [the EU] breaks apart," German vice chancellor Sigmar Gabriel said in the interview. "Should that happen, our children and grandchildren would curse us because Germany is the biggest beneficiary of the European community - economically and politically."

Airport Shooter Said He Was "Mind Controlled" By A U.S. Intelligence Agency

Santiago told the F.B.I. he thought he was being mind controlled, possibly by the U.S. government or the C.I.A. and admitted hearing voices, which Santiago said told him to study “extremist materials on the Internet,” the New York Times reports. Despite the fact that Santiago himself, his girlfriend, and even co-workers warned authorities of his experiences the F.B.I. failed to detain him before his travels to Florida.

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.

Frontrunning: January 6

  • December Jobs Data to Wrap Up Obama’s Economic Legacy (WSJ)
  • FBI Says Democrats Refused Access to Hacked E-Mail Servers (BBG)
  • As Trump attacks, Nissan at bigger risk than Toyota (Reuters)
  • Democratic leader Schumer emerges as Trump's newest punching bag (Reuters)
  • PBoC raises renminbi’s daily fix by most since 2005 (FT)
  • China central bank urges rational investment in bitcoin (Reuters)

US Futures Flat Ahead Of December Payrolls; Dollar Rebounds

European shares fell modestly, Asian equities declined for the first day in three, and US equity futures were unchanged before the December U.S. nonfarm payrolls report. China’s offshore yuan fell the most in a year to pare a record weekly rally, while Mexico’s peso climbed after the central bank sold dollars. Oil was trading lower in early trading.

3 Things: Policy Hopes, Consumer-Spending Puppies, & Tax-Cut Rainbows

"Will “Trumponomics” change the course of the U.S. economy? We certainly hope so as any improvement that filters down to the bottom 80% of the country will be beneficial. However, as investors, we must understand the difference between a “narrative-driven” advance and one driven by strengthening fundamentals. The first is short-term and leads to bad outcomes. The other isn’t, and doesn’t. "

The "Russian Hacking" Story Changes Again

Overnight, the Russian hacking narrative changed again, after U.S. intelligence agencies told Reuters they obtained what they considered to be "conclusive evidence" after the November election that Russia provided hacked material from the Democratic National Committee to WikiLeaks. However, in the latest switch of the narrative, this time the allegation is that Russia provided the hacked data through a third party, three U.S. officials said on Wednesday.

Frontrunning: January 5

  • Dollar Posts Biggest Drop Since Trump's Win (BBG)
  • World stocks hit 1-1/2 year high after strong China data (Reuters)
  • Apple pulls New York Times apps in China after government request (Reuters)
  • Macy’s Axes Jobs and Stores, Echoes Kohl’s on Weak Holiday (WSJ)
  • India’s Cash Woes Are Just Beginning (BBG)