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UNITED STATES

  • Futures are elevated following yesterday's late rally  
  • No votes are scheduled to approve a budget -- the shutdown will continue into the new year with Democrats taking control of the House on Wednesday 
  • Shale drillers continue to produce natural gas despite not having the pipeline capacity to export it all to markets
  • The Conference Board announced the consumer confidence has fallen for a second consecutive month 

OTHER

  • King Salmon of Saudi Arabia restructured the cabinet to consolidate power for the crown prince, Muhammed bin Salmon  
  • The investigation into Carlos Goshen is now examining his ties to Saudi businessmen 
  • Oil prices remain near 18-month lows despite a 3.5% rally yesterday 

CHINA

  • Huewai is predicting 21% growth in revenues for 2018 despite their troubles with the US 
  • China's economy is set to slow for the seventh month in a row
  • On Saturday, a fourth Canadian detained in China will appeal his charges of  smuggling "an enormous amount of drugs" into China 


Submitted December 28, 2018 at 07:28AM by ogordained http://bit.ly/2SpZVFU

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