Volvo

Frontrunning: November 21

  • U.S. sues to stop AT&T buying Time Warner, says would hike rates (Reuters)
  • Merkel Tells Her Rivals: Back Me or Face Voters (BBG)
  • German Turmoil Threatens Europe (WSJ)
  • European Giants Are Making a Bad Month Worse for Stock Market (BBG)
  • Taylor Swift Is Building a Wall (VF)

Is This The Bizarre Reason Why Tesla Is Struggling To Ramp Model 3 Production?

"At this point, you would only be running it slow if you were having troubles and you were afraid the welds you were going to make weren't going to be good.  This is something a plant typically goes through four to six months in advance of a production launch.  This raises the question: 'Is the expertise there?'"

Frontrunning: September 8

  • Hurricane Irma threatens power losses for millions in Florida (Reuters)
  • Back-to-Back Hurricanes to Test FEMA Reforms (WSJ)
  • How Would the U.S. Defend Against a North Korean Nuclear Attack? (BBG)
  • Russia says too early to decide on U.N. resolution on North Korea: Interfax (Reuters)
  • Strongest Quake in a Century Hits Mexico, 15 Reported Dead (BBG)

Fiat Chrysler Shares Soar After China's Great Wall Confirms Interest

"With respect to this case, we currently have an intention to acquire. We are interested in (FCA).  Our strategic goal is to become the world's largest SUV maker.  Acquiring Jeep, a global SUV brand, would enable us to achieve our goal sooner and better (than on our own)."

 

Several Chinese Companies Reportedly Submit Bids For Fiat Chrysler

After learning over the weekend that Trump plans to call for an investigation into China over allegations that the nation violated U.S. intellectual property rights and forced technology transfers, we learn that several Chinese companies may have submitted bids for Fiat Chrysler (FCA) in a deal that would include the company's iconic Jeep brand.

Electric Vehicles No Threat To Oil Prices Anytime Soon

Hardly a day goes by without another media report about the impending demise of the Internal Combustion Engine as petroleum powered cars and trucks are replaced by uber-clean Electric Vehicles. It is just a matter of time before EVs start to materially reduce global oil demand thereby capping a meaningful oil price recovery now and creating an ever-shrinking industry in the future... Except it isn’t true.

Global Stocks Jump, Crude Booms As Yellen Looms

S&P futures were fractionally higher (+0.1% to 2,476) with all eyes on the Fed's rate decision as investors await another earnings deluge from companies including Facebook, Coca-Cola and Boeing. Asian and European shares were also higher, the Dollar rebound continued while oil rose above $48 as copper hit a two year high.

Global Stocks Hit Record High, Set For Longest Winning Streak Since 2015

With the USD just off 10-month lows, there continues to be an easing of loosening of financial conditions for emerging markets which also supports equities. After decent gains in Asia on the back of positive signs from China this week, MSCI's world stocks index looked set for a ninth day of gains which would mark its longest winning streak since October 2015.