- Jobs Report to Give Federal Reserve Final Data Points (WSJ)
- Futures fall ahead of jobs report (Reuters)
- Obama to Block Second Chinese Deal on Security Concerns (BBG)
- Trump Exults in Victory and Mocks Critics at Ohio Rally (BBG)
- China’s Central Bank Is Facing a Major New Headache (BBG)
- Trump considering Goldman Sachs COO Cohn for energy secretary (Reuters)
- Trump considering Senator Heitkamp of North Dakota for Cabinet (Reuters)
- Italy Referendum to Set Renzi’s Fate (WSJ)
- OPEC Deal Hinged on 2 a.m. Phone Call and It Nearly Failed (BBG)
- Trump camp moves to block Michigan recount (BBG)
- Iran says U.S. extension of sanctions act violates nuclear deal (Reuters)
- Russia Says Foreign Spy Agencies Preparing Cyberattacks on Banks (BBG)
- Trump team looks at new non-nuclear sanctions on Iran (FT)
- Italian Banks Flirt With Disaster Again as Renzi Teeters (BBG)
- French presidential race centers on ‘top cop’ Valls after Hollande bow-out (Reuters)
- Air strikes kill 54 civilians in Iraq, Syria (Reuters)
- Fed Should Lead Global Rate Rise, Former BOC Governor Says (BBG)
- Gross Warns That Trump Rally Built on False Promise of Growth (BBG)
- As winter nears, Dakota Access faces frigid weather and costly delays (Reuters)
- Abu Dhabi Sovereign-Wealth Fund Gets Entangled in Sprawling Scandal (WSJ)
- Swiss Economy Unexpectedly Stalls on Weak Domestic Demand (BBG)
- A year after San Bernardino attack, investigators still seek answers (Reuters)
- Johnson & Johnson hit with over $1 billion verdict on hip implants (Reuters)
- Honda outselling Toyota in China, sets up photo finish for 2016 (Reuters)
Overnight Media Digest
WSJ
– President-elect Donald Trump has tapped retired Marine Corps Gen. James Mattis to become secretary of defense-a choice that requires Congress to pass a special law for the recently retired military officer to take up the Pentagon’s top post. http://on.wsj.com/2fM5XBp
– The worst bond rout in three years deepened Thursday, hammering debt issued in emerging markets and many U.S. states and cities, while sparing large companies the brunt of the impact. http://on.wsj.com/2gGafqD
– Howard Schultz is stepping down as chief executive of Starbucks Corp to lead an effort at the company to build high-end coffee shops that will charge as much as $12 a cup, his next attempt to revolutionize the way Americans consume coffee. http://on.wsj.com/2h05yM1
– Vice President-elect Mike Pence said Thursday that the incoming Trump administration is planning a burst of activity that would take aim at the gridlock in Washington, pressing forward with its goals to overhaul the tax code, health care and immigration laws. http://on.wsj.com/2geJtoS
– Chief Executive of United Technologies Corp Greg Hayes’ pilgrimage to Trump Tower ended roughly two weeks of intensive talks between representatives of Vice President-elect Pence and United Technologies. Under the deal, the company will get $7 million over 10 years to keep jobs in Indiana. http://on.wsj.com/2fW1UkA
– Investigators probing the missing billions at Malaysia’s 1MDB state development fund believe two former officials of the Abu Dhabi sovereign-wealth fund IPIC played a central role in the alleged global fraud. http://on.wsj.com/2geJKYS
FT
– President-elect Donald Trump said he chose James Mattis, a hard-charging retired general who led a Marine division to Baghdad during the 2003 invasion of Iraq, to serve as his secretary of defense. http://nyti.ms/2gtd6FI
– Three months after one of its rockets exploded on a launchpad, SpaceX hopes to resume launching in a couple of weeks. Iridium Communications, which provides communications services through a constellation of over 60 satellites, said it was aiming to launch the first batch of its next-generation satellites on a SpaceX Falcon 9 rocket on Dec. 16. http://nyti.ms/2gtdZhw
– Howard Schultz, the visionary leader of Starbucks , said on he would step down as chief executive next year. He will be succeeded by his close friend Kevin Johnson, the company’s current president and a longtime Starbucks board member. Schultz has made Starbucks a vocal part of the national conversation on issues like gun violence, gay rights, race relations, veterans rights and student debt. http://nyti.ms/2gt1Ity
– The governor of Mexico’s central bank, Agustín Carstens, said he would leave his position next July, adding to the uncertainty that has rattled the country’s economy since the election U.S. election. He will leave the Bank of Mexico to lead the Bank for International Settlements, a financial institution based in Basel, Switzerland. http://nyti.ms/2gt7afW
NYT
– President-elect Donald Trump said he chose James Mattis, a hard-charging retired general who led a Marine division to Baghdad during the 2003 invasion of Iraq, to serve as his secretary of defense. nyti.ms/2gtd6FI
– Three months after one of its rockets exploded on a launchpad, SpaceX hopes to resume launching in a couple of weeks. Iridium Communications, which provides communications services through a constellation of over 60 satellites, said it was aiming to launch the first batch of its next-generation satellites on a SpaceX Falcon 9 rocket on Dec. 16. nyti.ms/2gtdZhw
– Howard Schultz, the visionary leader of Starbucks , said on he would step down as chief executive next year. He will be succeeded by his close friend Kevin Johnson, the company’s current president and a longtime Starbucks board member. Schultz has made Starbucks a vocal part of the national conversation on issues like gun violence, gay rights, race relations, veterans rights and student debt. nyti.ms/2gt1Ity
– The governor of Mexico’s central bank, Agustín Carstens, said he would leave his position next July, adding to the uncertainty that has rattled the country’s economy since the election U.S. election. He will leave the Bank of Mexico to lead the Bank for International Settlements, a financial institution based in Basel, Switzerland. nyti.ms/2gt7afW
Britain
The Times
* Former Labour prime minister Tony Blair announced plans on Thursday for an institute to develop centre-ground policy to combat “the new populism” across the globe. http://bit.ly/2gM5sXA
* The number of jobs axed at Rolls-Royce in the past two years sailed through the 5,000 mark after the struggling engine-maker told 800 of its marine workers to find another berth. http://bit.ly/2gRZ0Ld
The Guardian
* Andrew Tyrie, who chairs the Treasury select committee, asks National Audit Office to inquire into any government assurances made to carmaker Nissan. http://bit.ly/2fXHeIR
* Online fashion retailer ASOS has been accused of breaching “the spirit if not the letter” of employment law designed to prevent the exploitation of low-paid temporary workers. http://bit.ly/2gM5G0Z
The Telegraph
* The chief executive of Channel 4, David Abraham, has complained of “an unprecedented level of Government interference” after the appointment of an ethnic minority woman to its board was blocked in Whitehall. http://bit.ly/2grTjqc
* Swiss bank UBS has merged most of its wealth management operations into a new business in Frankfurt, in a significant boost to the German city as it seeks to establish itself as a rival financial hub to London following Brexit. http://bit.ly/2gs2gju
Sky News
* KPMG’s UK chief, Simon Collins, is to step down from the role next year to compete for the top global job at the big four accountancy firm. http://bit.ly/2gMbcOT
* British regulator Ofcom has launched a review of landline-only telephone prices in a bid to protect elderly and vulnerable customers. http://bit.ly/2gdRtq8
The Independent
* Brexit secretary David Davis is promising businesses that the government will not end European Union freedom of movement in a way that damages the UK’s economy. http://ind.pn/2gLw4bb
* Centrica owned British Gas has announced it will freeze gas and electricity prices for more than six million customers this winter. http://ind.pn/2gaR8Vc
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