Wells Fargo

• The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare (Matt Taibbi)
• Explains the midterm results: Optimism precedes job data (Reuters)
• EU Dream Ebbs Amid Weak Growth, Putin's Jets, 25 Years After Wall Came Down (BBG)
• SEC Probing Trading Activity at Apple Supplier GT Advanced (WSJ)
• Boehner touts bills to repeal Obamacare, build Keystone (Reuters)
• China Gold Buying Means Price Floor to Standard Chartered (BBG)
• High-Speed Ad Traders Profit by Arbitraging Your Eyeballs (BBG)
• Central Banks Can’t Be ‘Only Game in Town’ Boosting Economies (BBG) - less talking, more getting to work

• LOL@Fundamentals: European Stocks Fall as Investors Seek Stimulus Clarity (BBG)
• Obama, Republicans sound conciliatory note but battles loom (Reuters)
• Firms drop Pimco funds from managed accounts (Reuters)
• Not All QE Is Created Equal as U.S. Outpunches ECB-BOJ (BBG)
• Ukraine Accuses Russia of Sending Troops as Truce Wobbles (BBG)
• Lenovo Slumps After Projecting China ‘Hypergrowth’ to End (BBG)
• Palo Alto Networks discovers new malware targeted at Apple devices (Reuters)
• IPO That Brought In $1 Billion in March Implodes in Denmark (BBG)

• From Yes We Can to Probably Not (BBG)
• How Mitch McConnell did it (Politico)
• Tough road ahead for Obama after Republicans seize Senate (Reuters)
• Election 2014: Who were the big winners and losers? (USA Today)
• GOP Senate Takeover Puts Fed on Hot Seat (WSJ), and other fables
• GOP Won by Recruiting the Right Candidates (WSJ)
• McCain could shake up U.S. defense in powerful new Senate role (Reuters)
• Investors Pulled Record Amount From Pimco’s Flagship Fund in October (WSJ)
• Taliban group threatens to attack India following border blast (Reuters)
• Oil Import Decline to U.S. Revealed by Louisiana as Truth (BBG)

• Republicans expect gains, but many races close on election day (Reuters)
• Ahead of tough election, White House blames dismay with Washington (Reuters)
• On Election Day, a Tale of the Young and the Old (WSJ)
• Because the recovery: Sprint to Cut 2,000 Jobs as Mobile Customers Keep Leaving (BBG)
• Ukraine's rebel leader is sworn in, crisis deepens (Reuters)
• Brilliant: Burkina Faso Army Promises Religious Leaders It Will Step Down (BBG)
• More Unknowns Leave Central Banks Facing Greater Internal Strife (BBG)
• Scapegoat found: IBM to Change Leadership at Global Services Unit (WSJ)
• Explains why Europe just slashed its GDP forecast: Don’t Be Fooled by Warm Spell as Cold Air About to Return (BBG)

• To salvage his presidency, Obama faces pressure to reboot - but will he? (Reuters)
• Pro-Russian separatist Zakharchenko wins Ukraine rebel vote (Reuters)
• Russia's Recognition of Ukrainian Separatist Election Is 'Incomprehensible,' Germany Says (Moscow Times)
• Man Running World’s Biggest Wealth Fund Tackles China Riddle (BBG)
• Russian Supply Underpins Global Oil Glut (WSJ)
• Argentina accuses Procter & Gamble of tax fraud, says suspends operations (Reuters)
• ECB Skips Fireworks for Day One of New Role as Supervisor (BBG)
• HSBC Hit by $1.7 Billion of Provisions (WSJ)

• Futures rally after BOJ ramps up stimulus (Reuters), Japan's central bank shocks markets with more easing as inflation slows (Reuters)
• Kuroda Jolts Markets With Assault on Deflation Mindset (BBG)
• Japan Mega-Pension Shifts to Stocks (WSJ)
• Russia Raises Interest Rates (WSJ)
• Oil-Price Drop Has Saudi Officials Divided (WSJ)
• Not anymore, the BOJ is here: Fed Exit Could Spark Slump in All Markets, ATP CEO Says (BBG)
• Wal-Mart Weighs Matching Online Prices from Amazon (WSJ)
• Euro-Area Inflation Picks Up From Five-Year Low on Stimulus (BBG)
• Big Banks Brace for Penalties in Probes  (WSJ)
• Ex-UBS Trader Defense Could Be Threat to U.S. Forex Cases (BBG)

• "Soaring consumer confidence" - How the Economy Is Stoking Voter Anger at Incumbent Governors (WSJ)
• Euro zone deflation worries shield German Bunds from upbeat Fed (Reuters)
• Greece’s Euro Dilemma Is Back as Minister Sees Volatility (BBG)
• Ukraine gas supplies in doubt as Russia seeks EU payment deal (Reuters)
• Sterling Lads Chats Show FX Traders Matching Fix Orders (BBG)
• NATO Tracks Large-Scale Russia Air Activity in Europe (WSJ)
• U.K. SFO Charges Ex-Tullett Prebon Broker in Libor-Rigging Probe (BBG)
• Jerusalem on edge after shooting of rabbi (FT)
• Israeli police kill Palestinian suspected of shooting far-right activist (Reuters)
• Samsung seeks smartphone revamp to arrest profit slide (Reuters)

• Fed set to end one crisis chapter even as global risks rise (Reuters)... you mean, for the third time?
• Insider-Trading Probe Focuses on Medicare Agency (WSJ)
• He's sorry: Rajoy Apologizes as New Wave of Graft Allegations Hits Spain (BBG)
• China could 'punish' Hong Kong over protests, says ex-HK central bank chief (Reuters)
• Dubai Insists the Boom is Not a Bubble This Time Around (BBG)
• Bank-Data Sharing Accord Expands Push to Find Tax Cheats (BBG)
• Deutsche Bank Sinks to Third-Quarter Loss on Legal Costs (BBG)
• Kim Jong Un Executes 10 Officials for Watching Soap Operas (BBG)
• French drugmaker Sanofi sacks CEO Viehbacher (Reuters)

• CDC says returning Ebola medical workers should not be quarantined (Reuters)
• Sweden’s central bank cuts rates to zero (FT)
• Hacking Trail Leads to Russia, Experts Say (WSJ)
• Discount-Hunting Shoppers Threaten Stores’ Holiday Cheer (BBG)
• Apple CEO fires back as retailers block Pay (Reuters)
• Repeat after us: all China data is fake - China Fake Invoice Evidence Mounts as HK Figures Diverge (BBG)
• FX Traders’ Facebook Chats Said to Be Sought in EU Probe (BBG)
• Euro Outflows at Record Pace as ECB Promotes Exodus (BBG)
• Apple boosts R&D spending in new product hunt (FT)

• White House questions new Ebola rules, nurse plans to sue (Reuters)
• States stand firm on Ebola quarantines despite White House pressure (Reuters)
• Rousseff Naming Brazil Finance Minister Key to Regain Trust (BBG)
• Ukraine leader wins pro-West mandate but wary of Russia (Reuters)
• Single Firm Holds More Than 50% of Copper in LME Warehouses (WSJ)
• Treasury Liquidity Squeeze Seen as Dealer Shut Off Machine (BBG)
• CVS follows Rite-Aid, shuts off Apple Pay (USAToday)
• Oil Speculators Bet Wrong as Rebound Proves Fleeting (BBG)
• Draghi Sets Stimulus Pace as ECB Reveals Covered-Bond Purchases (BBG)
• German Ifo Business Confidence Drops for Sixth Month (BBG)

• Canada PM vows crackdown after capital shocked by fatal attacks (Reuters)
• Canada Gunman Was Convert to Islam With Criminal Record (BBG)
• Some U.S. hospitals weigh withholding care to Ebola patients (Reuters)
• But... Great rotation... Bond funds stock up on Treasuries in prep for market shock (Reuters)
• Saudis at War With Islamic State Confront Echo of Kingdom’s Past (BBG)
• EU’s Top Banker Warns of Rule Fixation ‘Going Beyond Reason (BBG)
• U.S.-led air strikes killed 521 fighters, 32 civilians in Syria (Reuters)
• Growing Kurdish Unity Helps West, Worries Turkey (WSJ)
• Don’t Be Distracted by the Pass Rate in ECB’s Bank Exams (BBG)
• Hedge Funds Add to Venture-Capital Bounty (WSJ)
• Speed-of-Light Trading Grows in Europe With McKay Network (BBG)

It will be the plotline of scary stories parents tell their children for decades to come: in Q1 2014, the US economy was supposed to grow 3%... and then it snowed. This led to a -2% collapse in the world's largest economy. Yes, inconceivably heavy snowfall (in the winter), and frigid temperatures (in the winter), were the reason for a $100+ billion swing in US GDP. Well, as the following chart from DB's Torsten Slok shows, of the roughly $2 trillion in GDP the global economy is expected to grow in 2015, about 90% of that is expected to come from China and the US!

• Total CEO de Margerie killed in Moscow as jet hits snow plough (Reuters)
• China GDP Growth Rate Is Slowest in Five Years (WSJ)
• Oil at $80 a Barrel Muffles Forecasts for U.S. Shale Boom (BBG)
• Carney Faces Scrutiny on Worst Payments Outage Since 2007 (BBG)
• Ebola crisis turns a corner as U.S. issues new treatment protocols (Reuters)
• Gold Buying Rebounds in India on Diwali Jewelry Sales (BBG)
• China-backed hackers may have infiltrated Apple's iCloud (Reuters)
• Greece Said to Seek Recycling of Bank Funds for Exit (BBG)

• Stick to tapering and rates pledge, says Boston Fed chief (FT)
• Turkey to let Iraqi Kurds reinforce Kobani as U.S. drops arms to defenders (Reuters)
• Obama makes rare campaign trail appearance, some leave early (Reuters)
• Japan GPIF to Boost Share Allocation to About 25%, Nikkei Says (BBG)... or three months of POMO
• Japan Stocks Surge on Report GPIF to Boost Local Shares (BBG)
• China Growth Seen Slowing Sharply Over Decade (WSJ)
• Russia, Ukraine Edge Closer to Natural-Gas Deal (WSJ)
• Leveraged Money Spurs Selloff as Record Treasuries Trade (BBG)
• After clashes, Hong Kong students, government stand their ground before talks (Reuters)

• Obama open to appointing Ebola 'czar', opposes travel ban (Reuters)
• Schools Close as Nurse’s Ebola Infection Ignites Concern (BBG)
• How the World's Top Health Body Allowed Ebola to Spiral Out of Control (BBG)
• European Stocks Rise Amid Growing Pressure for Stimulus (BBG)
• Putin Threatens EU Gas Squeeze Raising Stakes for Ukraine (BBG)
• ECB to Start Asset Purchases Within Days, Says Central Banker Coeuré (WSJ)
• Investors search for signs of end to stock market correction (Reuters)