It’s Trump vs EPA on Miles-Per-Gallon Rules @FoxBusiness
http://www.foxbusiness.com/markets/2016/12/22/trump-vs-epa-will-next-president-ax-mpg-rules.html
One size fits all? In offshore oil sector, using standard gear could cut costs 30 percent: association
http://www.reuters.com/article/us-oil-industry-costs-idUSKBN14B0WU
The Closing Look
Stocks were quiet on Thursday as the Dow continued to trade just below 20,000. Economic data was mixed. Initial jobless claims rose to 275,000 last week, missing estimates for 256,000. Separately, durable goods for November slid by -4.6%, which estimates for -4%. On the positive side, the final read for Q3 GDP was +3.5%, beating the Street’s…
Uber takes self-driving cars to Arizona after California demands permit
http://www.reuters.com/article/us-uber-selfdriving-idUSKBN14B2B3
Friday’s Pre-Market Look: Stocks In The News Before The Open
FedEx (FDX) was initiated with a ‘Buy’ at Aegis Capital wih a 12-month target price of $215. Time Warner (TWX) was downgraded to ‘Hold’ from ‘Buy’ at Brean Capital. Cal-Maine Foods (CALM) gained over 1% in after-hours trading after it reported a Q2 loss of -48 cents per share, right on expectations. Lockheed Martin (LMT)…
Atlanta Fed trims U.S. fourth-quarter GDP growth view to 2.5 percent
http://www.reuters.com/article/us-usa-economy-atlantafed-idUSKBN14B20C
The Morning Look
Market Update: Stock futures are slightly flat before Friday’s open on the final full trading week of the year. Gary’s Thoughts: Volume will taper off today, We are traveling and will have a complete wrap up this weekend. Economic Calendar: New Home Sales 10:00 AM ET Consumer Sentiment 10:00 AM ET Baker-Hughes Rig Count 1:00…
U.S. consumer spending slows; business investment perking up
http://www.reuters.com/article/us-usa-economy-idUSKBN14B1J8
U.S. sues Barclays for mortgage securities fraud
http://www.reuters.com/article/us-barclays-mortgages-idUSKBN14B29A
EPA denies automakers’ request for more time on fuel economy review
http://www.reuters.com/article/us-usa-autos-epa-idUSKBN14B2A1