Asia For Tuesday.....
Monday.....
Markets....
Holger Zschaepitz @Schuldensuehner
US Politics.......
Europe......
Odds & Ends.....
South Korean President Park says she'll "resign according to the law," let parliament decide on the rest of her term and transition of power
#SouthKorea Pres Park: Apologises for scandal; Requesting Parliament comes up w/way to safely transfer power (effective resignation)
Short & sweet from South Korean President Park: I'm not stepping down; will resign if parliament tells me to; will address scandal later.
Park Asks Parliament To Devise Ways To Safely Transfer Power
South Korean Pres Park: Will Leave To Parliament All Affairs Including Shortening Her Term - RTRS
South Korea's Park expected to offer to relinquish some powers: Yonhap http://reut.rs/2gAFCFU
JUST IN: South Korean President Park NOT stepping down; will let parliament decide her term; to address details of scandals later on
Japan Retail sales MoM 2.5% vs 1.1 estimate
Japan jobless rate for October 3.0%vs. 3.0% estimate
Japan household spending YoY for October -0.4% vs. -1.0% estimate
Economic data due from Asia today - Japan household spending/jobs data
Monday.....
Markets....
Trumpsgiving Hangover? Gold Gains Most In A Month As Banks, Small Caps, Dollar Stumble http://www.zerohedge.com/news/2016-11-28/trumpsgiving-hangover-gold-gains-most-month-banks-small-caps-dollar-stumble …
DOW JONES UNOFFICIALLY CLOSES DOWN 50.71 POINTS, OR 0.26 PERCENT, AT 19,101.43
S&P 500 UNOFFICIALLY CLOSES DOWN 11.29 POINTS, OR 0.51 PERCENT, AT 2,202.06
NASDAQ UNOFFICIALLY CLOSES DOWN 29.17 POINTS, OR 0.54 PERCENT, AT 5,369.75
$1.02. +2.21%.
FINAL UPDATE: #OPEC Said to Remain Split as Saudis Say #Oil Production Cut Isn’t Essential https://www.bloomberg.com/news/articles/2016-11-28/opec-said-to-remain-split-as-saudis-say-cut-isn-t-essential … #OOTT #Iran #SaudiArabia
#Iran sent a 1,370-words long message to #SaudiArabia via its #oil ministry official website. It isn't pretty http://www.shana.ir/en/newsagency/273589/Iran-Not-to-Compromise-OPEC-Quota … #OOTT
OPEC EXPERTS DID NOT AGREE ON DETAILS OF OIL OUTPUT DEAL - OPEC SOURCE
Holger Zschaepitz @Schuldensuehner
Bond-Market rout breeds few bold predictions for rebound as inflation expectations jump to highest since Aug 2015. https://www.bloomberg.com/news/articles/2016-11-27/bond-market-carnage-breeds-few-bold-predictions-for-a-rebound …
US Politics.......
Some Dems side with Trump, dismiss recount as "waste of time" and "scam"
http://hill.cm/Ieoauho
Stein: 'My campaign is not going to win here'
http://hill.cm/2ukjSqi
JUST IN: Wisconsin officials estimate recount will cost $3.5 million http://hill.cm/5MFTwoJ
NEW: Trump and Romney will have private meeting Tuesday amid secretary of State talks: report
http://hill.cm/ru7OPXd
Pres Elect Trump selects Tom Price of Georgia as Sec. of Health and Human Services
Michigan gets called for Donald Trump, giving him 306 electoral votes to Hillary Clinton's 232
Stein files recount petition for Pa.
.@WI_Elections on Stein's "California Claim" - News to us. Our machines are federally approved, locally tested, and meet our standards
WI election commission denied Jill Stein request for "a hand recount" of ballots. Instead ballots to be checked by machine. Stein can sue
If the same ballots are recounted by machine , expect no material change. I expect Stein to sue for a hand count.
UPDATED TRUMP SCHED TODAY
Sandeep Mathrani
Paul Atkins
Kathleen White
David Petraeus
Dave Steward
Scott Pruitt
David Clarke
John Allison
TRUMP MEETINGS TUESDAY
Marsha Blackburn
Pete Hegseth, ex Concerned Veterans
Marion Blakey, Rolls Royce
Corker
Michael McCaul
Barletta
Romney
Looks like final meeting on Tuesday will be w/ Romney. Not an accident - noting Trump's displeasure with Kellyanne.
Trump "furious" over Conway comments about Romney: report http://hill.cm/XquYL9y
Reince Priebus, on the proposed recount: "It is a total and complete distractions and a fraud"
"Our message has been wrong," Pelosi challenger Rep. Tim Ryan said, arguing Dems should have an economic message
In case you missed any of the big moments from the Sunday talk shows, RCP has them for you: http://ow.ly/5Qtt306Bg6A
Europe......
#Eurogroup's Dijsselbloem: Eurogroup to discuss Greek debt at Dec meeting.
Monte Dei Paschi di Siena & Unicredit fall 7.5% and 3.96 5 respectively . he FTSE Italy Banks index falls 3.45%.
Risk that Monte Paschi’s rescue plan won’t be completed, bank could need resolution measures including bail-in - Document seen by Reuters.
‘Apocalypse’ scenarios unlikely for Euro even if #Italy votes NO, CBK's Leuchtmann writes citing US inflation expectations stopped rising.
Global bond yields are edging lower. The move lower in crude oil is helping global yield curves to bull flatten relatively strongly.
Odds & Ends.....
@RedBroward Colombian authorities responding to plane crash carrying members of #Chapecoense soccer team of #Brazil
At least 10 injured people are being evacuated from the scene - reports
http://on.rt.com/7wce #Chapecoense
Charter plane crashed due to lack of fuel at around 10:15pm local time in Cerro Gordo in municipality of La Union, according to Mi Oriente.
Facebook Employees Are Quitting Because Users Are Being Censored http://www.zerohedge.com/news/2016-11-28/facebook-employees-are-quitting-because-users-are-being-censored …
OSU Attacker Complained That As A Muslim "I'm Not What The Media Portrays Me To Be" http://www.zerohedge.com/news/2016-11-28/osu-attacker-complained-muslim-im-not-what-media-portrays-me-be.......
OSU attacker Abdul Razak Artan, in The Lantern, August 25, 2016
Middle East Eye
Kuwait opposition win 24 out of 50 parliamentary seats after years of boycott http://ow.ly/PoN3306ABV4
Al-Khoms announces state of emergency, activates security room after murders witnessed by city this weekend. #Libya
http://alwasat.ly/ar/news/libya/125906/ …
68 US airstrike on #ISIS targets in #Sirte during the last 3 days. #Libya
http://alwasat.ly/ar/news/libya/125903/ …
HoR and GNC talk about forming another unity government! # Tripoli
#Libya #Libyaoil Deadlock remains: Central bank won't release foreign reserves to UN-backed govt (Tripoli), despite requests from diplomats.
@TheArabSource official map for the recent battlefield situation in #Aleppo, 40% of rebel-held restored.
Map Comparison: Military Situation in Aleppo City on May 11 vs Aleppo City on November 28 http://dlvr.it/Mm89FM
NEW MAP: Militants in #Aleppo suffer crushing defeat. #SAA reduced enemy territory by 40%. #Syria HD: http://imgur.com/a/5SPHH
.@RaniaKhalek on how pro-war pundits have smeared and even endangered journalists reporting on the ground in Syria
The media are misleading the public on Syria
By eminent scholar Stephen Kinzer
Only much worse since he wrote it!
http://bit.ly/2fuP3pi
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