GOLDMAN SACHS CEO SAYS BANK'S ABILITY TO PARTICIPATE IN THE CRYPTO MARKET IS LIMITED DUE TO THE REGULATORY STRUCTURE
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$TSLA - TESLA RESUMES SEARCH FOR SHOWROOM SPACE IN INDIAN CAPITAL NEW DELHI -SOURCES
TESLA IN TALKS WITH INDIA'S BIGGEST REAL ESTATE DEVELOPER DLF FOR SHOWROOM SPACE -SOURCES
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TESLA IN TALKS WITH INDIA'S BIGGEST REAL ESTATE DEVELOPER DLF FOR SHOWROOM SPACE -SOURCES
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GOLDMAN SACHS CEO SAYS "WOULD EVALUATE" PARTICIPATING IN #BITCOIN OR #ETHEREUM MARKETS IF REGULATORS PERMIT
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$TSLA - TESLA RESTARTS SEARCH FOR NEW DELHI SHOWROOM WITH INDIA'S DLF, SOURCES SAY
Elon Musk's Tesla has resumed its search for showroom space in New Delhi, two sources told Reuters, in the first sign it is rethinking entering the Indian market after putting its investment plans on hold earlier this year.
A third source said it is not certain that Tesla's talks with India's biggest property developer will lead to a deal and the electric vehicle giant is also in discussions with others.
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Elon Musk's Tesla has resumed its search for showroom space in New Delhi, two sources told Reuters, in the first sign it is rethinking entering the Indian market after putting its investment plans on hold earlier this year.
A third source said it is not certain that Tesla's talks with India's biggest property developer will lead to a deal and the electric vehicle giant is also in discussions with others.
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$MSFT - MICROSOFT SHAREHOLDERS VOTE AGAINST BITCOIN INVESTMENT PROPOSAL, PRELIMINARY VOTES SHOW
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$WBA - Walgreens Is in Talks to Sell Itself to Private-Equity Firm Sycamore Partners, Sources Say -- WSJ
Walgreens Deal Could Come Early Next Year, Sources Say -- WSJ
Walgreens Deal Could Come Early Next Year, Sources Say -- WSJ
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Walgreens Deal Could Come Early Next Year, Sources Say -- WSJ
Walgreens Deal Could Come Early Next Year, Sources Say -- WSJ
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LOOTERS DID NOT BREACH MAIN VAULTS IN SYRIA'S CENTRAL BANK - SOURCES, BUSINESS LEADER
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$COIN - COINBASE GLOBAL INC -AWARE SOME USERS MAY BE EXPERIENCING FAILURES WITH CARD BUYS AND TRADES ON COINBASE AND IN MOBILE APP
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$WBA - SYCAMORE IS IN TALKS TO BUY WALGREENS - PERSON FAMILIAR WITH THE MATTER
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⚠️ November CPI Inflation Forecasts:
Kalshi: 2.7%
Bank of America: 2.6%
TD Securities: 2.6%
Barclays: 2.7%
BNP Paribas: 2.7%
Citigroup: 2.7%
Moody's: 2.7%
Wells Fargo: 2.7%
Morgan Stanley: 2.7%
Nomura: 2.7%
Deutsche Bank: 2.8%
UBS: 2.8%
SELECTED ANALYST PREVIEWS BELOW⬇️⬇️⬇️
https://t.co/B1mkfYbAag
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Kalshi: 2.7%
Bank of America: 2.6%
TD Securities: 2.6%
Barclays: 2.7%
BNP Paribas: 2.7%
Citigroup: 2.7%
Moody's: 2.7%
Wells Fargo: 2.7%
Morgan Stanley: 2.7%
Nomura: 2.7%
Deutsche Bank: 2.8%
UBS: 2.8%
SELECTED ANALYST PREVIEWS BELOW⬇️⬇️⬇️
https://t.co/B1mkfYbAag
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MCCONNELL IS GETTING MEDICAL TREATMENT AFTER A FALL: PUNCHBOWL
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TRUMP: ANY PERSON OR COMPANY INVESTING ONE BLN DOLLARS, OR MORE, IN UNITED STATES OF AMERICA, WILL RECEIVE FULLY EXPEDITED APPROVALS AND PERMITS
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$AAPL $GSAT - APPLE READYING BLOOD-PRESSURE TOOL FOR WATCH, POSSIBLY BY 2025
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RUSSIAN FOREIGN MINISTRY CALLS RUSSIAN CITIZENS TO REFRAIN FROM TRAVELLING TO U.S.
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RUSSIAN FOREIGN MINISTRY SAYS: AMID INCREASED CONFRONTATION WITH USA, TRIPS TO USA ARE FRAUGHT WITH RISKS
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RUSSIAN FOREIGN MINISTRY: RELATIONS WITH USA ARE TEETERING ON THE VERGE OF RUPTURE
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RUSSIAN FOREIGN MINISTRY: WE URGE RUSSIAN CITIZENS TO REFRAIN FROM TRIPS TO THE UNITED STATES AND ITS SATELLITES, PRIMARILY CANADA AND SOME EU COUNTRIES
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TRUMP'S MEXICAN TARIFF PLAN COULD HIT U.S. TEQUILA IMPORTS FROM DIAGEO AND BECLE WORTH MORE THAN $3 BLN COMBINED IN 2023, ANALYSIS OF CUSTOMS DATA SHOWS
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U.S. CPI DATA COULD PUSH DOLLAR, TREASURY YIELDS HIGHER
The U.S. dollar and Treasury yields could rise further if inflation data at 1330 GMT are higher than expected, Brown Brothers Harriman's Elias Haddad says in a note. Expectations of U.S. interest-rate cuts could be scaled back further as a result. "We see room for U.S. interest rate expectations to adjust higher in favor of the dollar and Treasury yields," the senior markets strategist says. The Wall Street Journal's poll forecasts annual headline CPI of 2.7% in November, versus 2.6% in October. The 2-year Treasury yield rises 2 basis points to 4.168%, while the 10-year Treasury yield increases 2 basis points to 4.238%, according to Tradeweb. The DXY dollar index rises to a two-week high of 106.81.
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The U.S. dollar and Treasury yields could rise further if inflation data at 1330 GMT are higher than expected, Brown Brothers Harriman's Elias Haddad says in a note. Expectations of U.S. interest-rate cuts could be scaled back further as a result. "We see room for U.S. interest rate expectations to adjust higher in favor of the dollar and Treasury yields," the senior markets strategist says. The Wall Street Journal's poll forecasts annual headline CPI of 2.7% in November, versus 2.6% in October. The 2-year Treasury yield rises 2 basis points to 4.168%, while the 10-year Treasury yield increases 2 basis points to 4.238%, according to Tradeweb. The DXY dollar index rises to a two-week high of 106.81.
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MORNING BID
❖ Dollar's Supremacy in 2024: Expected to continue into 2025 with Trump's "America first" policy including tariffs.
❖ China's Currency Strategy: Considering weakening the yuan in 2025 to offset potential U.S. tariffs under Trump.
❖ Beijing's Stimulus: Acknowledging the need for measures against the impact of high U.S. tariffs on Chinese exports.
❖ Trump's Tariff Plans: Proposing a 10% universal tariff and 60% on Chinese goods, pressuring the yuan's value.
❖ Currency Balance: China aims to depreciate the yuan enough to counter tariffs without sparking a currency war.
❖ U.S. Federal Reserve: Likely to cut rates by 0.25% next week, pending confirmation from the November CPI.
❖ Inflation Outlook: November CPI expected to show a 0.3% increase; concerns over rising costs in various sectors.
❖ Consumer and Wage Inflation: Inflation at 2.6% headline, 3.3% core, with wages not keeping pace with essentials.
❖ Bank of Canada: Anticipated to cut rates by 0.5% due to rising unemployment, despite a resilient economy.
❖ Impact of U.S. Tariffs on Canada: Uncertainty about economic effects if Trump's 25% tariff on Canadian imports is implemented.
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❖ Dollar's Supremacy in 2024: Expected to continue into 2025 with Trump's "America first" policy including tariffs.
❖ China's Currency Strategy: Considering weakening the yuan in 2025 to offset potential U.S. tariffs under Trump.
❖ Beijing's Stimulus: Acknowledging the need for measures against the impact of high U.S. tariffs on Chinese exports.
❖ Trump's Tariff Plans: Proposing a 10% universal tariff and 60% on Chinese goods, pressuring the yuan's value.
❖ Currency Balance: China aims to depreciate the yuan enough to counter tariffs without sparking a currency war.
❖ U.S. Federal Reserve: Likely to cut rates by 0.25% next week, pending confirmation from the November CPI.
❖ Inflation Outlook: November CPI expected to show a 0.3% increase; concerns over rising costs in various sectors.
❖ Consumer and Wage Inflation: Inflation at 2.6% headline, 3.3% core, with wages not keeping pace with essentials.
❖ Bank of Canada: Anticipated to cut rates by 0.5% due to rising unemployment, despite a resilient economy.
❖ Impact of U.S. Tariffs on Canada: Uncertainty about economic effects if Trump's 25% tariff on Canadian imports is implemented.
(@WalterBloomberg)