Frontrunning: November 15

  • GOP Seeks to Derail Moore, Salvage Senate Seat (WSJ)
  • Army takes control in Zimbabwe (Reuters)
  • Senate Tax Plan Guts Obamacare, Sunsets Many Middle-Class Cuts (BBG)
  • Senate Republicans tie tax plan to repeal of key Obamacare mandate (Reuters)
  • Trump’s Campaign Foreign Policy Team Under Mueller’s Microscope (BBG)
  • Ryan Says Future Congresses Will Preserve Tax Bill’s Temporary Measures (BBG)
  • Shareholders take aim at Murdochs with Fox voting rights push (Reuters)
  • AT&T Engages Its Washington Firepower to Push Megadeal (BBG)
  • Time Inc. to Launch Sports Illustrated TV (WSJ)
  • Boeing in 175 plane deal with budget carrier flydubai (Reuters)
  • Airbus Tops Boeing in Dubai With Record $50 Billion A320 Deal (BBG)
  • North Korea's Kim trades missiles for tractors during testing lull (Reuters)
  • Amazon scraps bundled video service (Reuters)
  • What Tesla’s Big Rig Must Do to Seduce Truckers (BBG)
  • Bayer hires new blood to stem 'Amazon effect' in consumer health (Reuters)
  • How a Shirt Covered in Swastikas Ends Up in a Department Store (BBG)
  • With Two Price Tags From SoftBank, What Is Uber Really Worth? (WSJ)
  • Moscow Exchange bets on growth in Russia-China investments (Reuters)
  • Cheese and Bourbon Face Risk of Backlash From U.S. Solar Tariff (BBG)
  • Times Square Tenants That Replaced Porn Mark Their Own Retreat (BBG)
  • Target's holiday-quarter profit forecast disappoints (Reuters)
  • Steve Jurvetson Fires Back at DFJ After His Exit (WSJ)

Overnight Media Digest


- Senate Republicans attached a provision to their tax overhaul that would repeal the requirement that all Americans have health insurance, a new twist in the GOP lawmakers' efforts to rewrite much of the U.S. tax code.

- Venezuelan bonds, already trading at distressed levels, fell on Tuesday after credit-rating firms declared the nation in default on missed interest payments.

- SandRidge Energy Inc is nearing an agreement to buy Bonanza Creek Energy Inc for about $750 million, according to people familiar with the matter.

- The White House is considering economist Mohamed El-Erian as one of several candidates to serve as the Federal Reserve's vice chairman, according to a person familiar with the matter.

- Three UCLA basketball players who had been under police investigation for a week in China flew home, hours after President Donald Trump said he had requested assistance on their behalf from his counterpart Xi Jinping.



- Brexit secretary David Davis promises City of London special post-Brexit travel regime. (

- Labour flags concerns about $2 billion Saudi Aramco loan guarantee. (

- HSBC agrees to pay 300 million euros ($353.61 million) to settle probe into tax evasion. (

- Brexit Secretary David Davis, seeking to reassure the City of London, promised bankers and other professionals a special post-Brexit travel regime to allow them to move freely across Europe.

- Britain’s Labour party has raised concerns about the British government’s plan to provide $2 billion in credit guarantees to Saudi Aramco IPO-ARMO.SE, as it weighs a London flotation.

- HSBC Holdings Plc has agreed to pay 300 million euros to settle a long-running investigation into tax evasion by French citizens via its private bank in Switzerland, the lender said on Tuesday.




** The federal government is expanding its venture-capital funding to female-led startups in the face of mounting concerns women are underrepresented in senior roles at tech companies and that their enterprises don't attract as much financing as those led by men.

** Ottawa filed a request on Tuesday for a binational panel under the North American Free-Trade Agreement to strike down the U.S.'s punitive tariffs on Canadian softwood, ramping up its lumber fight against the U.S.


** Staff of the Ontario Securities Commission is seeking an order to temporarily suspend the operations of Omega Securities Inc, an alternative trading platform that captured about four percent of trading volume in Canada in the past four quarters.

** A marooned Bombardier airliner is at the centre of a strange international dispute that has prompted a direct appeal to Prime Minister Justin Trudeau from Tanzania's president, and highlighted growing human-rights issues in the east African nation.



The Times

* Bankers working on the float of Cabot Credit Management (IPO-CAB.L) have yet to sell all the shares in the business, despite offering them well below its mooted 1 billion pounds ($1.32 billion) market value.

* British bankers and lawyers should be able to offer their services freely across the European Union as they do today after Brexit, David Davis has said.

The Guardian

* Big increases in the price of fish, fats and vegetables have driven food price inflation in Britain to the highest level in more than four years. New data from the Office for National Statistics shows food prices last month were up by 4.2 percent on 12 months earlier.

* Deliveroo won the right not to give its couriers the minimum wage or holiday pay on Tuesday, dealing a blow to campaigners for workers' rights in the gig economy.

The Telegraph

* Zurich Insurance Group has become the latest insurance giant to cut ties with coal-intensive businesses, bringing the amount insurers have pulled from these companies to around 20 billion pounds in just two years.

* UK business leaders would prefer to stick with EU rules on goods and services in order to preserve their current trading relationships, according to a survey of more than 900 members of the Institute of Directors.

Sky News

* Labour is seeking to increase the pressure on ministers over a $2 billion loan guarantee to Saudi Arabian Oil Co IPO-ARMO.SE as it weighs a London flotation that would become the biggest stock market listing in history.

* Coca-Cola has been accused by Health watchdog Public Health England of undermining efforts to cut childhood obesity by targeting children in the poorest parts of the country with its Christmas truck promotional tour.

The Independent

* London will remain an important global financial hub after Brexit, according to billionaire businessman and former New York City Mayor, Michael Bloomberg.

* Aldi and Lidl have pulled several products from their shelves, with customers urged to return them immediately.


Never One Roach Wed, 11/15/2017 - 08:08 Permalink

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Gateway Pundit Exclusive Report: Former Joe Biden Secret Service Agent: We Had to Protect Women From Him, ‘Weinstein Level Stuff’ Speaking on the condition of anonymity, the agent asserted that,  “We had to cancel the VP Christmas get together at the Vice President’s house because Biden would grope all of our wives and girlfriend’s asses.” The annual party was for agents and Navy personnel who were tasked with protecting the Biden family. “He would mess with every single woman or teen. It was horrible,” the agent said.…

Arnold Wed, 11/15/2017 - 08:11 Permalink

With Two Price Tags From SoftBank, What Is Uber Really Worth? (WSJ)

I'm not sure what SoftBank gets here.
A high profile loss leader to write down?
I'm calling all this stuff catnip.
Can't ignore it, yet can't afford it.

A. Boaty Wed, 11/15/2017 - 10:37 Permalink…

"...State media photos released on Wednesday showed Kim examining equipment at a tractor factory, test driving one of the vehicles and laughing with workers, the latest in a stream of photos in the past two months depicting a smiling Kim visiting farms and factories that make shoes, cosmetics, trucks...."

Time warp back to the USSR. Can't get enough of Olga on her tractor.