Reuters

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)

Donald Trump Has An Enormous And Very Dangerous Wall Street Blind Spot

A very large percentage of the American public (including myself), remain irate at the complete lack of any justice served with regard to finance criminals in the aftermath of the economic collapse of 2008/09. When it comes to greedy, unethical behavior in the wake of that tragic period, Steve Mnuchin is in a class of his own. To appoint such a toxic financial oligarch to Treasury Secretary is a serious slap in the face to all American citizens.

House Passes Bill To Undo Months Of Obama Regulations With Just One Vote

The House of Representatives passed legislation on Wednesday giving Congress the power to kill so-called "midnight rules", months of recently enacted Obama administration regulations with just one vote, as Republicans charged ahead on their campaign to strip down federal regulations.

Trump Prepares Executive Orders To Begin Obamacare Repeal On "Day One"

"It will be an orderly transition to something better...using executive authority to ensure it’s an orderly transition. We’re working now on a series of executive orders that will enable that orderly transition to take place even as Congress appropriately debates replacements for ObamaCare" said VP-elect Mike Pence.

Frontrunning: January 4

  • Trump Tariff on GM Would Violate NAFTA. That May Not Stop Him (BBG)
  • Obama Tries to Save Parts of Health Law Amid GOP Attack (WSJ)
  • Trump Puts Auto Makers, Trade Policy in Spotlight (WSJ)
  • British consumers borrow at fastest rate in 11 years as inflation threat rises (Reuters)
  • Investment banking fees fall 7 percent in 2016 dragged down by equity raisings (Reuters)

Rex Tillerson To Sever All Ties With Exxon, Will Receive $182 Million

Ahead of his confirmation as Donald Trump's proposed secretary of state, Exxon Mobil and the company's former chairman and CEO Rex Tillerson, have agreed to sever all ties to comply with conflict-of-interest requirements. As part of the separation, Tillerson will receive more than 2 million deferred XOM shares worth about $182 million. It is unclear if he will pay any taxes on the transaction.

Trump Tells DHS To Prepare For Border Wall Construction

A newly leaked memo from the Department of Homeland Security suggests that the Trump administration plans to hit the ground running on the construction of that U.S.-Mexico border wall when they move into the White House later this month.  Overturning Obama's immigration-related executive orders, expanding aerial surveillance programs and building more detention facilities also seems to be high on the administration's priority list.

America's Lynch Mob 'Democracy'

The dark, infamous days of American lynch-mob rule and burning witches at stakes are back as never before. But not in backwater enclaves of benighted bigotry. Oh no, the modern lynch mobs are running amok in Washington’s seat of government, across prime TV and on the editorial pages of its supposed finest newspapers.