Frontrunning: November 6

Tyler Durden's picture
  • Gunman kills 26 in Texas (Reuters)
  • Trump Urges Japan to Buy More U.S. Military Equipment (WSJ)
  • Ex-Catalan leader granted freedom to campaign for independence (Reuters)
  • House begins revising Republican tax bill to quell dissent (Reuters)
  • Why the Next Four Days Will Be Crucial for the GOP Tax Bill (BBG)
  • Broadcom offers to buy mobile chipmaker Qualcomm for $103 billion (Reuters)
  • Billionaire Olayan Family Said to Put Saudi IPO Plan on Hold (BBG)
  • How Doctors Are Getting Rich on Urine Tests for Opioid Patients (BBG)
  • Oil hits two-and-a-half year peak on Saudi purge, world shares retreat (Reuters)
  • Russia's Sibur, on deals with Navigator, says no sanctions violations found (Reuters)
  • Manafort Claims Worth of $28 Million But Mueller Has His Doubts (BBG)
  • Prosecutors: Manafort needs to detail finances further in bail talks (Reuters)
  • Goldman, Chinese Wealth Fund Set to Invest Billions in U.S. (WSJ)
  • Trump Jr. Hinted at Review of Anti-Russia Law, Moscow Lawyer Says (BBG)
  • Bank Bets Tied to Government Bailouts Soar Up to 1470% (WSJ)
  • Iceland's leftist opposition fails to form government (Reuters)
  • Mattis backs Geneva process on Syrian conflict (Reuters)
  • The Future Is Dodgeball (WSJ)
  • Greenwich Riches, Bridgeport Woes Tell Tale of Two Connecticuts (BBG)

Overnight Media Digest

WSJ

- A young man clad in black and wearing a ballistic vest blasted his way into a Baptist church in this south Texas town on Sunday with an assault-type rifle, leaving at least 26 people dead and 20 others injured. on.wsj.com/2iyTVtU

- U.S. Commerce Secretary Wilbur Ross failed to disclose business connections to Russian President Vladimir Putin's family and inner circle on a required personal financial-disclosure form earlier this year, according to documents released over the weekend. on.wsj.com/2ixNcQK

- Qatar Airways Co is buying a stake in Cathay Pacific Airways Ltd for $661 million, the latest in a string of investments in global rivals by the Middle East carrier. on.wsj.com/2h8bgJK

- A sweeping weekend roundup of more than five dozen princes, ministers and prominent businessmen in Saudi Arabia marks a dramatic escalation in the crown prince's effort to consolidate power and accelerate far-reaching change in the kingdom. on.wsj.com/2h8bikQ

- The president of the Federal Reserve Bank of New York is set to announce he will retire next year, about six months earlier than scheduled, adding to an unusual wave of turnover among the central bank's top monetary and regulatory decision makers and ushering in new uncertainty about its policy course. on.wsj.com/2h8bArW

- The U.S. Justice Department and Federal Bureau of Investigation are investigating three international banks for their roles in selling about $2 billion of debt for Mozambique, opening a new phase in the global inquiry into the bond deals, people familiar with the matter said. on.wsj.com/2h9VqOx

 

Britain

The Times

* Britain's premier business body has complained that the government's industrial strategy has been too long coming and that ministers have been unclear on what they are trying to achieve.bit.ly/2An1tYO

* A huge surge in trade with the Channel Islands and offshore tax havens has prompted calls for the government to explain the source of the growth amid concerns that it is masking the importance of trade with the European Union. bit.ly/2AkjGGa

The Guardian

* The new Marks and Spencer chairman Archie Norman has told senior managers that the retailer needs to cut clothing prices and that too much of its fashion is aimed at the over-55s.bit.ly/2Am7uEU

* Britain's biggest rail franchise, which includes the strike-hit Southern service, is likely to be broken up when it expires in 2021, the government has said. bit.ly/2AmmT84

The Telegraph

* Plans for a blockbuster float of Saudi Arabia's national oil explorer, Saudi Arabian Oil company IPO-ARMO.SE, could be thrown into further doubt after one of the company's board members was arrested as part of a corruption crackdown in the Gulf state. bit.ly/2AngdH6

* The Church of England's investment arm has called for the mining industry to review tailing dams and the governance of joint ventures in the wake of the Samarco mine disaster.bit.ly/2AkC7dL

Sky News

* Officials from Bank of England contacted other accountancy firms in recent days to signal a contest that will threaten KPMG's hold on a position it has held since just before the run on Northern Rock in 2007, according to Sky News. bit.ly/2AmfeH1

The Independent

* Saudi Arabia has arrested 11 princes, four officials and tens of former officials as part of a sweeping anti-corruption probe which further cements control in the hands of its young Crown Prince, Mohammad bin Salman. ind.pn/2Amnzu8

 

NYT

- President Donald Trump urged Saudi Arabia to pick the Big Board as the international venue for the initial public offering of Saudi Arabian Oil Co (IPO-ARMO.SE). "I want them to strongly consider the New York Stock Exchange or Nasdaq," he said at Yokota Air Base after arriving in Japan for a 12-day tour through Asia. nyti.ms/2iyDA8n

- William Dudley, the president of the Federal Reserve Bank of New York and a vocal proponent of improving the "culture" at big banks, was expected to announce his retirement as early as this week, according to two people familiar with the decision. nyti.ms/2h6dn0B

- Google and others, fighting for a small pool of researchers, are looking for automated ways to deal with a shortage of artificial intelligence experts. nyti.ms/2h7kHZX

- A midnight blitz of arrests ordered by the crown prince of Saudi Arabia over the weekend has ensnared dozens of its most influential figures, including 11 of his royal cousins, in what by Sunday appeared to be the most sweeping transformation in the kingdom's governance for more than eight decades. nyti.ms/2iz3glj

- After becoming commerce secretary, Wilbur Ross Jr. retained investments in a shipping firm he once controlled that has significant business ties to a Russian oligarch subject to American sanctions and President Vladimir Putin's son-in-law, according to newly disclosed documents. nyti.ms/2h4Vqj4

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nmewn's picture

"Gunman kills 26 in Texas"

So about this POS atheist dressed in black shooting up a church in Texas, whats the over & under that the two guys chasing him shot his sorry ass graveyard dead when he crashed his SUV? 

Never One Roach's picture

He was dressed in black...a frustrated quasi-antif person seems like.

Arnold's picture

Johnny Cash will always be the Man in Black.
Every one else is a pathetic play on the legend.

Dilluminati's picture

Thought I'd mention as I grabbed some: at Amazon

Howard Leight by Honeywell Up to 55% off select Honeywell Impact Sport Electronic Shooting Earmuffs

(these are quality ear protection for range use) I have two already but just bought some for XMAS, the nice thing is that they electronically cancel sound but you can still hear voice conversations and what is going on around you.  A nice safety feature, additionally they can be integrated with com head sets or MP3, cell phone etc.

But these are professional quality 

onthedeschutes's picture

He is just another patsy.  This new shooting is looking like the same script with just different characters and location.  Also in line with latest move to mass kill trump supporting, gun toting, conservatives. 

There are three priimary forces or groups at work here:

1) The deep state looking to disarm the largest armed group of people in the world (the American public).  This is needed to complete the globalist agenda.

2) Dumb ass people (includes just about ALL liberals) that think guns kill people (group 2 is also known as "useful idiots")

3) People that understand the second amendment and why it was created and how critical it remains for the future of our country.

 

Group 1 is at war with group 3 and is using group 2 to disarm group 3.  It's really that simple.

 

 

 

nmewn's picture

Who is a patsy...the shooter?

onthedeschutes's picture

Yes.  Same for Vegas shooter.  They both have profiles that can be easily manipulated to fit the convenient narrative.

nmewn's picture

No.

He was a fucking leftwing nutcase appropriately killed on the side of a Texas road for what he did. 

Justice.

onthedeschutes's picture

He may very well have been a left wing nutcase...but he still makes one hell of a patsy.

nmewn's picture

Patsy implies innocence...he was NOT innocent. 

He was engaged after he came out of the church by a local with a rifle, they exchanged gunfire, the shooter jumped into his SUV & fled, the local jumped into another vehicle driven by Johnnie Langandorff and the two gave pursuit, the atheist/leftist slowed and crashed across a ditch and was found by authorities...dead...on the side of the road inside his SUV.

As an fyi...the shooters SUV had its back window blown out. 

onthedeschutes's picture

I'm sugesting the the real shooter was not the same person found dead in a ditch 10 miles away.  Just like the real shooters in vegas were replaced with one dead patsy in a hotel room.

nmewn's picture

What you are actually suggesting is, eyewitnesses and survivors are lying. 

For what reason I haven't determined yet.

Arnold's picture

What he is suggesting is that he read "Rules for Radicals "over the weekend and has discovered un informed, un warranted push back as a tactic.

nmewn's picture

Thats what it looks like to me.

Arnold's picture

It was a 'Happy Antifas Day ', wasn't it.

onthedeschutes's picture

What I am suggesting is that most mass shootings in the past 10 years have been facilitated by group 1) listed above.  And if you and Hey Arnold don't believe that then we should probably just agree to disagree and walk away.  

onthedeschutes's picture

Witnesses, survivors lying?  Not at all.  Are you suggesting everything is always as it appears?  You and Arnold have bought into the narrative being pushed by the mainstream media...that alone should give you pause.  For now, I'm leaving my theory intact until more information is brought to light.  In the meantime, how do you and Arnold feel about the groupings I listed in my original post?

nmewn's picture

"Witnesses, survivors lying?  Not at all. Are you suggesting everything is always as it appears?"

I don't even know what the hell that's supposed to mean...you are suggesting everything is not as survivors & eyewitnesses say, for some as yet undefined unsubstantiated reason. 

"You and Arnold have bought into the narrative being pushed by the mainstream media...that alone should give you pause."

Now you are implying/suggesting that people who accept the words & evidence of people who were ACTUALLY THERE have delusions or ulterior motive, are you European?

"For now, I'm leaving my theory intact until more information is brought to light." 

You don't have a theory, you have an unsubstantiated internet allegation.

"In the meantime, how do you and Arnold feel about the groupings I listed in my original post?"

What groupings, atheist/leftists who enjoy killing people who love God, country music and probably voted for Trump? 

onthedeschutes's picture

I dont have a theory?  Then you have only what you've been spoon fed by the media.  I thought more of you than that.  You and Hey Arnold probably believe the 911 report.  Let me guess...you guys listen to CNN and MSNBC, too?

Arnold's picture

"You don't have a theory, you have an unsubstantiated internet allegation."

I agree.
Go on back to Vegas, where they have tried several times to tie a nice tidy bow on the package.

Arnold's picture

Paranoia is a condition where imaginary entities are out to do you harm.
Personally, I don't see evil behind every tree.
Just too many of them.

Never One Roach's picture

Red Cross: $6 million for Ebola fight stolen through fraud

FREETOWN, Sierra Leone — Fraud by Red Cross workers and others wasted more than $6 million meant to fight the deadly Ebola outbreak in West Africa, the organization confirmed Saturday.

As much as $2 million disappeared as the result of "likely collusion" between Red Cross staff and employees at a Sierra Leonean bank, the investigation found.

https://www.msn.com/en-us/news/world/red-cross-dollar6-million-for-ebola...

Arnold's picture

It is what you would expect Exxon to say.

I concur.
The numbers on pure EV s don't add up.
The Hybrid, at already a premium price, until the battery s are shot, seems a better value per mile.
But all Battery powered vehicles are considered 1 use, throw away appliances, power plant replacement is economically unfeasible on a worn out chassis.

They do it in aircraft as mandated service.
Not so in automobiles.

Cars are not designed or built for 100% usage, never mind 100% availability.

Old:
https://insideevs.com/exxon-mobils-electric-car-and-energy-usage-outlook/
Newer:
https://seekingalpha.com/article/4083841-exxon-mobil-future-might-electr...
Latest:
https://www.bloomberg.com/news/articles/2017-10-30/exxon-s-not-afraid-of...

TeethVillage88s's picture

SCMP

“Pig farming in China will gradually develop into a semi-monopolistic structure, with major companies dominating the market and competing with each other,” Zhu Zengyong, a researcher at the Agricultural Information Institute of the Chinese Academy of Agricultural Sciences, said.

http://www.scmp.com/news/china/society/article/2118454/chinas-war-pollut...

TeethVillage88s's picture

WSJ

The U.S. banking industry is booming—a development that is bringing windfall gains to a small group of investors who had the gumption to buy esoteric bank securities when the outlook for financial firms and the economy was far less clear-cut.

After years of banks grappling with the fallout of the crisis and low interest rates, the bets on what are known as TARP warrants are finally paying off. The investors, which include fund managers John Paulson and Bill Miller, bought these warrants for bank stocks secondhand, after they...