Tesla settles Norway lawsuit over car’s performance $TSLA
http://www.reuters.com/article/us-tesla-norway-settlement-idUSKBN1411BJ
The Closing Look
Stocks ended mixed on Monday as investors digested the recent rally and the news that broke over the weekend about OPEC and Non OPEC members reaching a deal to cut production. Oil producers around the globe reached a deal to cut production by 1.2 million barrels and this was their first major agreement to cut…
Tuesday’s Pre-Market Look: Stocks In The News Before The Open
Boeing (BA) climbed nearly 2% in after-hours trading after it raised its dividend to $1.42 a share, higher than consensus of $1.25, and then announced a $14 billion share buyback program Exxon Mobil (XOM) — The company’s chairman and chief executive officer, Rex Tillerson, has officially been named as President-elect Donald Trump’s choice for secretary…
Bezos, Sandberg Attending Trump Technology Summit
https://www.bloomberg.com/news/articles/2016-12-12/bezos-sandberg-said-to-be-attending-trump-technology-summit
U.S. government posts $137 billion deficit in November
http://www.reuters.com/article/us-usa-economy-budget-idUSKBN1412IO
The Morning Look
Market Update: Stock futures were higher before Tuesday’s open as the Fed begins its two-day meeting. Gary’s Thoughts: We are writing this with Dow up 100 . Also, the comatose big cap tech/internet waking up here. Most trade under 50 day but feel like downside may be over. Economic Calendar: FOMC Meeting Begins NFIB Small…
OPEC-Russia Deal Could Drain Almost Half the Global Oil Surplus
https://www.bloomberg.com/news/articles/2016-12-12/opec-russia-deal-could-drain-almost-half-the-global-oil-surplus
Trump picks Goldman’s Gary Cohn as key economic advisor
http://www.cnbc.com/2016/12/12/goldmans-cohn-to-accept-nec-director-job-at-any-moment-source.html
Required Reading
McCain backs Trump criticism of F-35, says president can’t cancel it Trump taps Goldman Sachs executive Cohn for key economic post Oil hits highest since mid-2015 as global producers agree to cut Snow, cold to sweep across U.S. Northeast ahead of arctic blast Sumner Redstone and daughter pull CBS, Viacom merger plan