Financial Markets and Economy
Trade Set to Boost U.K. Economic Growth in the Third Quarter (Bloomberg)
The deficit in goods and services narrowed to 11 billion pounds ($13.7 billion) in the third quarter from 12.7 billion pounds in the previous three months, the office for National Statistics said on Wednesday. Both exports and imports rose.
Brexit’s Market Playbook Dusted Off for Shock Trump Victory (Bloomberg)
Price turbulence calmed after a knee-jerk selloff — futures on the S&P 500 pared the decline to about 2 percent.
Chinese Stock That Sounds Like ‘Trump Wins Big’ Wins Big (Bloomberg)
Donald Trump’s journey to victory in the U.S. presidential election prompted the biggest rally in five months for a Chinese stock that sounds like “Trump Wins Big” to Mandarin speakers. “Aunt Hillary” fell.
Lingering Brexit Uncertainty Set to Weigh on U.K. Investment (Bloomberg)
“While the decline in the value of the pound is likely to provide some impetus to U.K. exporters, the lack of responsiveness of U.K. exports to other sterling devaluations in recent years suggests it is unlikely to provide a quick fix to the weak net trade position,” said Suren Thiru, head of economics at the BCC.
ECB Signals Vigilance on Policy as Trump Win Shocks Investors (Bloomberg)
European Central Bank officials responded cautiously to the election of Donald Trump as U.S. President, suggesting that their accommodative policy stance won’t change imminently despite turbulence on global markets.
Poland’s Quest to Raise Rates Meets Economy Running on Fumes (Bloomberg)
Poland’s central bank has its credibility increasingly on the line after gambling that economic growth is strong enough to commit to tightening as its next move.
Financial stocks bounce into positive territory to buck broad market selloff (Market Watch)
Financial stocks bounced sharply off earlier lows to trade mostly higher ahead of Wednesday’s open, in the wake of Donald Trump being elected president, and outperforming the broader market as Republicans retained control of Congress.
Oil prices fight for direction as Trump scores presidential election win (Market Watch)
Oil futures tilted tepidly higher in volatile early trade Wednesday morning, as investors struggled to interpret the impact of a surprise victory by Republican Donald Trump in his bid for the White House, which initially rocked global markets and sapped appetite for assets considered risky, including oil.
China’s Factory Prices Quicken as Drag on Global Inflation Eases (Bloomberg)
China’s factory-gate inflation picked up further last month while consumer prices accelerated, suggesting government efforts to reduce overcapacity have gained some traction and alleviating a source of global disinflationary pressure.
U.S. Stock Futures Drop Pushes Losses to Limit Down Trigger (Bloomberg)
Waves of selling in U.S. stock index futures pushed losses to Chicago Mercantile Exchange limits that prevent further declines, as investors rushed to adjust for a potential victory by Donald Trump in the presidential race.
'Volumes are monstrous:' Here's a quick guide to what traders are talking about right now (Business Insider)
Dave Lutz, head of Exchange Traded Funds at JonesTrading, has a quick overview of what traders are talking about on Wednesday.
Obviously, it's one thing: Donald Trump's shocking election win.
China Coal Giants Ink Supply Deals in Effort to Ease Prices (Bloomberg)
China’s biggest coal producers signed thermal supply contracts with major power generators in Beijing on Tuesday as the country’s top regulators push to stop prices of the fuel from rising too much.
Investor panic over 'President Trump' begins to fade (Reuters)
LONDON, Nov 9 (Reuters) – The U.S. dollar, Mexican peso and world stocks fell on Wednesday as Donald Trump swept to victory in the U.S. presidential election, but fears of a Brexit-style shock that wiped trillions off global markets has failed to materialize so far.
Russia Stocks Jump as Trump Win Stokes Bets for Sanctions Relief (Bloomberg)
Of the 50 stocks on the Micex, 41 advanced on Wednesday, led by Gazprom PJSC and Sberbank PJSC, a lender that was slapped with penalties from the U.S. and Europe in 2014 that barred its access to global capital markets. The ruble ended four days of declines as oil climbed, advancing 0.2 percent to 63.6450 per dollar.
UK trade deficit widens unexpectedly as exports fall despite pound drop (The Guardian)
Britain’s trade deficit with the rest of the world widened unexpectedly in September as the sharp fall in the pound since the Brexit vote failed to boost exports.
Companies
World’s Biggest Shipping Line Falls Amid Fears of Trade Wars (Bloomberg)
A.P. Moller-Maersk A/S, the owner of the world’s biggest container shipping line, saw its shares fall on Wednesday as the outcome of the U.S. presidential election fanned concern there will be a shift toward policies that are hostile toward global trade.
Technology
StackAdapt: Google's New Native Ad Partner Shifting The Way Brands Monetize Content (Forbes)
In a recent study revealed that 43% of consumers reported that reading branded editorial or watching a branded video heightened their trust with the brand. Additionally, 55% of consumers reported that branded content directly influenced their purchasing behavior.
What AT&T Could Do If Trump Blocks the Time Warner Deal (Fortune)
AT&T CEO Randall Stephenson may need a new media strategy. The dealmaking chief executive who bought satellite TV provider DirecTV last year was planning to add movie and TV producer Time Warner to his company next year.
Trump's win smashes social media records (CNN Money)
Tens of millions of people shared their views on Twitter and Facebook during Election Day, a level of interaction that shattered existing records for political discussion.
Hello, Watson. Meet OnStar: Mobility Services Will Reinvent Time On The Move (Forbes)
Drivers spend an average 46 minutes a day behind the steering wheel of their vehicles, negotiating congestion, gridlock, and parking woes, while feeling disconnected from their smart phones, causing a serious case of #FOMO — a fear of missing out. In their increasingly connected lives, they expect more on the go, which we see as an opportunity to reinvent time in the car.
HTC jumps the Black Friday gun just a tad, offers the HTC 10 for $500 (Digital Trends)
Black Friday may not be for another few weeks, but that did not stop HTC from announcing several discounts for its phones well before the post-Thanksgiving shopping bonanza.
Messaging giant Viber becomes more like Facebook with the launch of Public Accounts for businesses and brands (Venture Beat)
Viber has announced a new suite of tools designed to connect businesses and marketers with the mobile messaging app’s 800 million users.
GoPro Recalls Its New Drone in Epic Election Night News Dump (Gizmodo)
GoPro’s got some terrible news, and conveniently, it comes as polling places around the country are starting to close. The company just announced it is recalling about 2,500 units of its new drone—the Karma—after discovering that the units were losing power during operation. No injuries or property damage have been reported, according to a statement released by the company.
OnePlus will launch its new device November 15 (Tech Crunch)
That latest flagship debuted in June, which points to this new device offering up more of an iterative update for the young Chinese company’s line, rather than a full refresh – something akin to the OnePlus X, released just about this time last year, and a mere three months after the OnePlus 2.
KnowRoaming offers free WhatsApp use around the world (Engadget)
KnowRoaming's SIM card and sticker were designed to help frequent travelers save money by connecting to local networks. This latest feature stays true to that mission. You'll now be able to use WhatsApp for free around the world (the service works in over 80 countries) if you use any of the company's products.
Politics
Here are all of the key policies announced by President-elect Donald Trump (Business Insider)
People around the world are reeling from Republican Donald Trump's shock victory in the US election.
The big question most are asking now is: what exactly is Trumpism?
Donald Trump would have lost US election if Bernie Sanders had been the candidate (Independent)
“Right now in every major poll, national poll and statewide poll done in the last month, six weeks, we are defeating Trump often by big numbers, and always at a larger margin than Secretary Clinton is.”
Donald Trump’s Win Goes Down Hard in Mexico (The Wall Street Journal)
MEXICO CITY—Armando Santacruz prepared for this moment. When his plastics factory here recently signed a deal to expand abroad, he secured an important out clause: If Donald Trump were to win the U.S. presidency, his firm could back out.
How politicians, pollsters and media missed Trump's groundswell (CNN Money)
That is one of the most significant lessons of the 2016 presidential election, in which Donald Trump overcame the doubts of a majority of reporters, pollsters and political scientists who believed Hillary Clinton was headed for a decisive victory.
News Media Yet Again Misreads America’s Complex Pulse (NY Times)
All the dazzling technology, the big data and the sophisticated modeling that American newsrooms bring to the fundamentally human endeavor of presidential politics could not save American journalism from yet again being behind the story, behind the rest of the country.
President-Elect Trump Pledges to Start ‘Urgent Task of Rebuilding Our Nation’ (The Wall Street Journal)
A triumphant president-elect Donald Trump took to the stage shortly before 3 a.m. EST Wednesday, pledging to begin the “urgent task of rebuilding our nation” while also bringing Americans together.
How Donald Trump Was Elected: Three Forces Behind the 2016 Outcome and Voters’ Message (The Wall Street Journal)
Dan McGinn, a reputation strategist, is CEO of McGinn and Co. Peter D. Hart, founder of Peter D. Hart Research Associates, helps conduct the Wall Street Journal/NBC News poll. Three forces collided to elect Donald Trump president of the United States.
Trump win casts doubt on Fed's plans to hike interest rates (Reuters)
Donald Trump's victory in the U.S. presidential race throws into question the core assumption in global financial markets that the Federal Reserve will raise interest rates soon and follow with further gradual hikes over coming years.
Putin Congratulates Trump on Victory, Hopeful of Better Ties (Bloomberg)
President Vladimir Putin congratulated Donald Trump on his victory in the U.S. presidential election and said he would do everything he could to repair ties between the two countries after their most serious standoff since the Cold War.
Donald Trump Is Elected President in Stunning Repudiation of the Establishment (NY Times)
Donald John Trump was elected the 45th president of the United States on Tuesday in a stunning culmination of an explosive, populist and polarizing campaign that took relentless aim at the institutions and long-held ideals of American democracy.
A new theory for why Trump voters are so angry — that actually makes sense (The Washington Post)
Regardless of who wins on Election Day, we will spend the next few years trying to unpack what the heck just happened. We know that Donald Trumpvoters are angry, and we know that they are fed up. By now, there have been so many attempts to explain Trumpism that the genre has become a target of parody.
World Reacts to Trump’s Historic U.S. Presidential Upset (Bloomberg)
Global markets were vexed by the U.S.’s surprise election of Donald Trump to be its 45th president.
Voters Pass Measures on Minimum Wage, Marijuana (The Wall Street Journal)
Voters legalized recreational marijuana and added restrictions to ammunition purchases in California, and raised wages for hourly workers in all states where it was on the ballot Tuesday.
Hillary Clinton gets blindsided by change again: How the White House — and so much more — was lost (Salon)
There is no less dramatic way of describing it. Tonight, the American people have all but certainly handed the Oval Office, the most powerful office in the world, to an unstable, thin-skinned, narcissistic, impulsive, crazy person with a coterie of white supremacists and vicious, angry nihilists riding in on his coattails.
Health and Biotech
Recreational marijuana is now legal in California (Business Insider)
Voters in California passed a ballot initiative on Election Day to legalize marijuana for recreational use, ending the prohibition on pot in the Golden State.
Stanford develops CRISPR-based therapy for sickle cell disease (Engadget)
A team of Stanford scientists are making great progress in their search for a cure for sickle cell disease, and they want to start human trials as soon as 2018. They used CRISPR to fix the mutated gene that causes the illness in human stem cells taken from actual patients.
What the 2016 Election Results Mean for Health (Scientific American)
Even as voters ushered in a Republican-led Congress and a Donald Trump presidency they created a new era for marijuana use in the U.S. California, Massachusetts and Nevada all voted to green-light recreational cannabis use in their jurisdictions, meaning a welter of Americans—more than 20 percent of the country’s adult population—can legally blaze up.
The fight against mosquitoes will be decided today (Science Alert)
Residents in Florida will today help determine whether the first trial of genetically modified (GM) mosquitoes in the US will go ahead – and the outcome could have a huge impact on the state's ongoing attempts to curb Zika virus.
Trump's victory could give Europe's pharmaceutical industry a big boost (Business Insider)
Confirmation that Donald Trump will be the next president of the United States has had a substantial negative impact on global markets.
But there is one sector in Europe that looks like it could be in for a pretty hefty boost from a Trump presidency — the pharmaceuticals industry.
Life on the Home Planet
The 21st Century Is a Wild Time to Be Alive (Singularity Hub)
Last week in San Francisco, Singularity University hosted its first-ever Global Summit. In three days, we heard over 100 science and technology experts give talks in more categories than one human mind can fully process.
Crucifixions and vice patrols show Islamic State maintains Mosul grip (Reuters)
Islamic State militants fighting to hold on to their Mosul stronghold have displayed the crucified bodies of five people they said gave information to "the enemy", and are back on the city streets policing the length of men's beards, residents say.
