Financial Markets and Economy
Asian stocks are rebounding as investors bet the Trump presidency won’t be that bad (Quartz)
Following a tumble yesterday as Donald J. Trump clinched the US presidency, Asia stocks are up.
Modi Shock Ban Boosts Bonds as Biggest Fund Eyes Rate Cuts (Bloomberg)
India’s biggest money manager is bullish on local bonds as it expects the government’s crackdown on unaccounted wealth opening up room for more interest-rate cuts.
European Politicians Terrified By "Horror Scenario" After Brexit, Trump (Zero Hedge)
First it was Brexit, then there was Trump. Two "shocking" events that nobody in the media, markets or punditry could admit could possibly happen. They happened… and that's just the beginning – as we showed last night, the political calendar over the next two years is only heating up, with countless potential "black swan" events – often involving nationalist tendencies or outright separatism, and further hits to the establishment status quo – on the horizon.
Trump Faces China Economy That’s Changed Much in Eight Years (Bloomberg)
U.S. President-elect Donald Trump will confront a Chinese economy that is vastly bigger and more mature but less of a growth motor than the one faced by the last Republican administration. It’s also dealing with a host of new challenges.
Trump Victory Takes the Wind Out of New-Energy Stocks: Chart (Bloomberg)
Renewable-energy stocks slumped after Donald Trump, a self-professed climate skeptic, was elected president of the U.S. The billionaire and reality TV-star has tweeted that he believes global warming is a hoax created by China and in July lost a two-year legal battle to get an offshore wind farm canceled near a golf course he owns in Scotland.
Here’s Why China Is Disappointed with the EU (Reuters)
China is disappointed that the European Union hasn’t completely recognized its market economy status, commerce ministry spokesman Shen Danyang said on Thursday in a sign that Beijing will continue to press the EU to relax its anti-dumping rules.
Hedge Funds Run by Trump Advisors Made the Most Money Off His Election Win (Fortune)
Hedge funds run by billionaires Carl Icahn and John Paulson reaped the biggest profits the day Donald Trump was officially declared the winner of the presidential election. The investors have one other important factor in common: They both advised Trump on his campaign.
OPEC Deal Becomes More Urgent, Harder to Reach on Trump Victory (Bloomberg)
OPEC was already struggling to finalize a deal on production cuts this month. And then Donald Trump was elected President of the U.S.
Asia Shares Rebound as Donald Trump Turnaround 'Astonishes' (Reuters)
Asian shares rebounded on Thursday and the dollar firmed after global markets made a remarkable comeback from the shock of Republican Donald Trump’s presidential victory, dumping safe-havens for the tempting returns of risk assets.
Icahn Left Trump Victory Party to Bet $1 Billion on Stocks (Bloomberg)
As Donald Trump celebrated his surprise election win over Hillary Clinton and equity futures swooned in response, billionaire investor and Trump supporter Carl Icahn headed home to start trading.
Here's How the Fed and the ECB Will React to Trump's Victory (Fortune)
Janet Yellen can at least take solace in Trump’s inability to replace her as Chair for a year and a few months, but the mere fact of Donald Trump’s proximity to power will be a shock to the world’s most powerful central bank.
In Wake Of Trump's Win, Billion-Dollar Gains For Warren Buffett And Losses For Amazon's Jeff Bezos (Forbes)
The day after Donald Trump’s unexpected win in the U.S. presidential election, one of Hillary Clinton’s biggest billionaire supporters had the best day on the stock market of any American tycoon.
Trump Rides a Wave of Fury That May Damage Global Prosperity (NY Times)
A populist insurrection is gaining force in much of the world, drawing middle-class and blue-collar recruits who lament that they have been left behind by globalization. This upheaval threatens to upend the economic order that has prevailed since the end of World War II.
Private prison stocks surge on Trump win (DW Made For Minds)
Shares of private prison companies Corrections Corporation of America and the GEO Group jumped 48.1 percent and 20.8 percent, respectively, on Wednesday after president-elect Donald Trump delivered a surprise electoral victory.
In A Stunning About-Face, Wall Street Is Now Ready To Do Business With Trump (Vanity Fair)
Well, look at that: it didn’t take long for Wall Street to sober up, did it? At two in the morning, as it became irrefutable that Donald Trump had defeated Hillary Clinton to become the 45th president of the United States, stock markets around the world were in free fall.
The World's Richest People Lose $41 Billion on Trump's Win (Bloomberg)
Mexico’s wealthiest person lost $5.1 billion in the wake of Donald Trump’s stunning upset over Democratic rival Hillary Clinton. Carlos Slim, who is fifth-richest in the world, shed 9.2 percent of his fortune after the peso dove as much as 12 percent on the news.
Bubble Trouble At US Banks (The Wall Street Examiner)
Money supply maintained its rapid growth in October, with the annual growth rate rising to 8%, the fastest growth since a brief surge at the end of 2012. This suggests bubble dynamics are at work. The Fed hasn’t tightened yet. Speculative behavior has been raging.
Companies
Shake Shack Stock Soars As Profit Doubles (Reuters)
hake Shack Inc, known for indulgent antibiotic-free hamburgers, crinkle-cut fries and frozen custard shakes, said on Wednesday its quarterly profit more than doubled and raised its 2016 revenue forecast, sending its shares up 10.3 percent.
Emirates Calls Outlook Bleak as Profit Tumbles on Strong Dollar (Bloomberg)
Emirates Group first-half profit plunged 64 percent as the world’s biggest airline by international traffic struggled with a rising U.S. dollar and political and economic uncertainty that damped global travel and weighed on fares.
Technology
Read Tim Cook’s Email To Apple Employees After Donald Trump’s Election (BuzzFeed News)
Apple CEO Tim Cook broadcast an all-hands memo to U.S. Apple employees Wednesday evening calling for unity amid the uncertainty inspired by Donald Trump’s upset presidential win.
Tesla Might Suffer If Trump Weakens Fuel Economy Rules, Electric Subsidies-Report (Forbes)
Tesla Motors might come under pressure during a Trump administration if fuel economy rules and electric car subsidies are weakened, while traditional U.S. auto manufacturers’ highly profitable gas-guzzlers would benefit, according to a report from BMI Research.
Adobe to acquire video ad-tech company TubeMogul for $540 million (Venture Beat)
Adobe has announced plans to acquire ad-tech company TubeMogul in a deal worth more than $500 million.
Samsung files patent for a bizarre folding smartphone (Engadget)
Samsung has filed a patent with the Korean Intellectural Property Office for a smartphone with a that could be folded in half like a flip phone. The device would also have a secondary screen, presumable on the outside, that's activated when it's folded shut, according to the claims.
You can now tell Siri to send money via PayPal (Engadget)
Siri is still very much a walled garden, but Apple has slowly begun opening its voice assistant to third parties. At its WWDC keynote back in June, the company confirmed app makers could let iPhone and iPad users send and receive money via Siri, with Square Cash and Monzo becoming the first to tap into that functionality.
Google’s Daydream View VR headset is comfy and uncomplicated (Tech Crunch)
The soft, flexible fabric-covered design of the Daydream View is a philosophical decision just as much as a design choice. Google doesn’t want VR to be “a gadget,” the company wants the headset to be an extension of your phone’s capabilities. The View feels the least alien of any VR headset I’ve tried from a design standpoint and it’s also proven to be one of the more comfortable ones.
Take a Ride Through Any Place on Earth With This Street View Animator (Field Guide)
Street View has always been a useful Google tool, letting you spy on holiday destinations, historical landmarks, and your own driveway from the comfort of a web-connected computer.
Politics
California Dreamin'? Many in Golden State Want to Secede From Trump's U.S. (NBC News)
That's the philosophy of a growing secessionist movement in the nation's biggest state, and it got a kick start after Tuesday's presidential election.
Newsweek recalls 125,000 copies of its souvenir Madam President issue (Telegraph)
Newsweek and a partner that prints up special commemorative issues has been forced into an embarrassing recall, after it sent out 125,000 copies of its Madam President issue designed to celebrate Hillary Clinton's win.
After Trump, Italy could be the next anti-establishment revolt (The Economist)
BEFORE American voters—especially white, male, rural and older ones—carried Donald Trump to victory in America’s presidential election, aggrieved British voters with a similar profile voted to leave the European Union. Equally surly voters in France have been flocking to Marine Le Pen of the far-right National Front for months; she is tipped to make the run-off in next year’s presidential election.
With Trump's election, is stimulus spending back on Washington's agenda? (Los Angeles Times)
Has John Maynard Keynes just won a ticket back to the White House?
Keynes was the British economist who advocated government deficit spending to stimulate moribund economies. And that seems to be the principle undergirding the $1-trillion infrastructure construction plan that President-elect Donald Trump proposed shortly before election day.
We deserved this, America — and now we have no idea what the hell to do about it (Salon)
Over the course of the 2016 presidential campaign, I’ve come back many times to the final stanza of Matthew Arnold’s 1867 poem “Dover Beach,” with its memorable images of seeking personal solace amid social and political chaos. That’s something we all need, no matter where we fall on the ideological spectrum, and perhaps never more so than at this extraordinary turning point in American history.
Foreshadowing the possibility that the worst fears of Donald Trump’s critics have merit, Omarosa Manigault — who met Trump while competing on “The Apprentice” and has campaigned for him in this election — has discussed how the Republican victor has been keeping an enemies list.
What does Donald Trump’s victory mean for the world? (The Economist)
IT IS hard to think of a president-elect less versed in the workings of the world than Donald Trump; or of one more willing to upturn the global order that America has shaped in the seven decades since the end of the second world war. He has so far described his foreign policy in only the vaguest terms, preferring such bumper-sticker slogans as “America First” to detailed plans.
Health and Biotech
NHS does have the power to give HIV PrEP drug, say judges (New Scientist)
NHS England has lost its appeal over a High Court ruling that it has the legal power to commission PrEP, a drug that has been shown to reduce the risk of HIV infection in people who are at high risk by more than 90 per cent.
Harvard scientists think they've pinpointed the physical source of consciousness (Science Alert)
Scientists have struggled for millennia to understand human consciousness — the awareness of one's existence. Despite advances in neuroscience, we still don't really know where it comes from, and how it arises.
Life on the Home Planet
Electrons cooled close to absolute zero reveal their quantum nature (Science Alert)
Scientists have discovered that electrons cooled close to absolute zero slow down so much that they can be studied individually – allowing us to see the world in a whole new level of detail.
Trump Picks Top Climate Skeptic to Lead EPA Transition (Scientic American)
Donald Trump has selected one of the best-known climate skeptics to lead his U.S. EPA transition team, according to two sources close to the campaign.
Thousands Protest Trump Win Around US (Bloomberg)
Chicago (AP) — The raw divisions exposed by the presidential race were on full display across America on Wednesday, as protesters flooded city streets to condemn Donald Trump's election in demonstrations that police said were mostly peaceful.
Protests Against Donald Trump Spread Across the U.S. (The Wall Street Journal)
Thousands of protesters packed the area around Trump Tower in Midtown Manhattan on Wednesday night, chanting slogans against President-elect Donald Trump.
'Crashing waves' of jihadists fray soldiers' nerves in Mosul battle (Reuters)
A week after his tank division punched through Islamic State defenses on the southeast edge of Mosul, an Iraqi army colonel says the fight to drive the militants out of their urban stronghold is turning into a nightmare.
Iraqi forces preparing advance on south Mosul (Reuters)
Iraqi security forces are preparing to advance toward Mosul airport on the city's southern edge to increase pressure on Islamic State militants fighting troops who breached their eastern defenses, officers said on Thursday.
The Universe might rip itself apart until there's nothing left, new study suggests (Science Alert)
When it comes to the end of the Universe, most physicists think it will gradually get colder and fade out of existence, at the earliest, 2.8 billion years from now.
