- Fed Considers Letting Inflation Run Above Target
- US Pres. Trump Reiterates Call For Fed To Cut Rates, Laments 'Strong US Dollar'
- US Commerce Sec. Ross: US Won't Hold Back On Tariffs If Chinese Drag Their Feet
- US To Consider Higher EU Tariffs After WTO Ruling
- Trump Ties Brazil, Argentina Steel Tariffs To US Farm Woes
- China Spares Trade In First Retaliation To US Hong Kong Law
- ECB’s Lagarde: ECB Will Be ‘Resolute’ On Inflation Mandate
- EU Fails To Block US Tariffs In New WTO Aircraft Ruling
- EU Official: Eurozone Could Accept Short Delay Of ESM Reform
- US Manufacturing Sector Slumps Further In November
- Target, Best Buy, Walmart, Lululemon Won The Black Friday Weekend
- EU Starts New Preliminary Probe Into Google And Facebook’s Use Of Data
- GAM Weighs Cutting Workforce By More Than 40% In Revamp
- Deere Shares Fall In Early Trade After BofA Merrill Lynch Downgrade
Google and YouTube have pulled hundreds of ads for Donald Trump over the last few months, according to 60 Minutes on CBS.
A review of the tech companies’ advertising archive found at least 300 Trump ads had been pulled from the platforms, mainly over the summer, after they had been found to violate advertising policies.
In an interview with 60 Minutes, YouTube chief executive officer Susan Wojcicki confirmed that there were “ads of President Trump that were not approved to run on Google or YouTube”.
Facebook, Google, YouTube and Twitter have faced scrutiny over political ads. In October Twitter announced it was banning political advertising on its platform. (Guardian – Continue Reading)
President Donald Trump has openly cheered for the impeachment process to move to the friendlier confines of the GOP-led Senate, but there may be some surprises in store for him on the way to a likely acquittal.
Majority Leader Mitch McConnell has said it’s “inconceivable” at this point that the Senate will convict Trump on any articles of impeachment sent over from the House. It would take at least 20 Republican votes -- along with all Democrats -- to form the two-thirds majority required to remove Trump, and at present there are exactly zero.
McConnell and Trump, though, do have a different math problem. Call it the Rule of Four: it would take only four Republican defections to give Democrats an advantage in setting the rules for who testifies, how long the process goes on and other procedural steps that will set the tone and tempo for the trial.
That has potential to add drama to the proceedings, along with the prospect of court rulings, new witnesses or evidence that could alter the trajectory of the impeachment process. (Bloomberg – Continue Reading)
Angela Merkel’s coalition partner is turning leftwards, but that doesn’t mean Germany’s chancellor is poised to give into calls for a major fiscal stimulus.
While the shift at the helm of the Social Democrats will intensify calls for more spending, tight purse strings remain a red line for her own CDU party. Any more stimulus is likely to be incremental for now to avoid piling on debt, since a move to open the fiscal floodgates might lead Merkel’s side to abandon the coalition.
The country has faced increasing calls from the European Central Bank and International Monetary Fund this year to use the space it built up with its “black zero” balanced-budget policy to shore up Europe’s biggest economy. So far, Merkel and her SPD Finance Minister, Olaf Scholz, have said weak growth doesn’t justify that. A lot might still need to happen before that position shifts.
“The potential for a bigger fiscal stimulus is limited,” said Florian Hense, an economist at Berenberg Bank in London. “It’ll only change if there are new elections.” (Bloomberg – Continue Reading)
- US ISM Manufacturing Nov: 48.1 (est 49.2; prev 48.3)
- US Markit Manufacturing PMI Nov F: 52.6 (est 52.2; prev 52.2)
- US Construction Spending (M/M) Oct: -0.8% (est 0.3%; prev R -0.3%)
- US Atlanta Fed GDPNow Q4: 1.34% (prev 1.66%)
- Canadian Markit Manufacturing PMI Nov: 51.4 (prev 51.2)
- Fed Considers Letting Inflation Run Above Target – FT
- US Pres. Trump Reiterates Call For Fed To Lower Rates, Laments 'Strong US Dollar' – ForexLive
- US To Consider Higher EU Tariffs After WTO Ruling – ForexLive
- Trump Ties Brazil, Argentina Steel Tariffs To US Farm Woes - BBG
- Trump Campaign Says It Will Shut Out Bloomberg News From Events – BBG
- US Commerce Sec. Ross: US Won't Hold Back On Tariffs If Chinese Drag Their Feet – Fox
- US Senators Want Turkey Sanctioned Over Russia Missile System – RTRS
- ECB’s Lagarde: ECB Will Be ‘Resolute’ On Inflation Mandate – BBG
- ECB's Holzmann: Scope Of ECB Review Is Still Open – Finanzen
- EU Fails To Block US Tariffs In New WTO Aircraft Ruling – RTRS
- EU Official: Eurozone Could Accept Short Delay Of ESM Reform – RTRS
- POLL: UK PM Johnson's Conservatives Maintain 7-Point Lead Over Labour - ICM
- Italian PM Conte Defends Reform Of Eurozone Bailout Fund But Seeks Concessions – RTRS
- WTO Faces Cliff-Edge Crisis Next Week As Mediator Eyes Departure – BBG
- Riksbank: Opinion Still Divided On The Functioning Of The Fixed-Income Market
- Treasury Yields Rise Despite Weak Manufacturing Data – CNBC
- Oversubscribed Fed Repo Operation Shows Year-End Cash Hunger – BBG
- After Stunning Rally, Southern European Bonds Face Holiday Season Selloff – RTRS
- ECB PSPP (EUR): +452M To 2.096T (+6.034B To 2.096T)
- ECB CSPP (EUR): +1.086M To 183.014B (+825M To 181.928B)
- ECB CBPP (EUR): -172M To 263.203B (+274M To 263.375B)
- ECB ABSPP (EUR): +764M To 28.191B (-455M To 27.427B)
- GBP/USD Hovers Above 1.29 Amid Narrowing Gaps In Polls – FXStreet
- EUR/USD Surges Toward 1.11 Amid USD Sell-Off Following Weak Data – FXStreet
- Yen Tumbles, Australian, New Zealand Dollars Rally On Upbeat China Data – CNBC
- Oil Jumps Above $61 On Talk Of Further OPEC+ Supply Curbs – CNBC
- Gold Pares Some Losses After Data Show Weakness In US Manufacturing – MarketWatch
- Dow Drops 240 Points, S&P 500 Heads For Biggest Drop In Nearly 2-Months – CNBC
- European Stocks Close Lower As Trump Threatens Metal Tariffs On Brazil, Argentina – CNBC
- Target, Best Buy, Walmart, Lululemon Won The Black Friday Weekend – BBG
- EU Starts New Preliminary Probe Into Google And Facebook’s Use Of Data – CNBC
- GAM Weighs Cutting Workforce By More Than 40% In Revamp – BBG
- Italy Set To Approve $442 Mln Loan To Keep Alitalia Flying – BBG
- Deere Shares Fall In Early Trade After BofA Merrill Lynch Downgrade – MarketWatch