- What We Know About the GOP Tax Bill Ahead of Today’s Rollout (BBG)
- How the GOP Tax Plan Would Affect Trump, Clinton Voters Differently (WSJ)
- Powell for Federal Reserve chair could support stocks bull market (Reuters)
- The New Fed Chair Will Watch an Economy Fraught With Risks (BBG)
- Trump calls for death penalty for Uzbek man (Reuters)
- 9/11 neighborhood shaken by truck attack fears it’s targeted (AP)
- Meet the Judge Presiding Over the Manafort and Gates Case (BBG)
- Tesla must stop overpromising, could need more finance (Reuters)
- This Is What Wall Street Wants to See From Apple’s Earnings Report (BBG)
- South Korea spy agency sees signs of planned new missile test by North (Reuters)
- EpiPen Failures Cited in Seven Deaths This Year (BBG)
- Bombardier CEO says CSeries jet engine delays are ‘short-term’ (Reuters)
- Bank of England Raises Interest Rates for First Time in a Decade (WSJ)
- Alibaba revenue up 61 percent, beats estimates (Reuters)
- Facebook, Take Note: In China’s ‘New Era,’ the Communist Party Comes First (WSJ)
- Overexposure, Not Anthem Protests, Blamed for NFL’s Ratings Woes (WSJ)
- Alibaba Lifts Outlook as China Consumer Spending Accelerates (BBG)
- China eyes greater U.S. access for its aircraft and parts with new deal (Reuters)
Overnight Media Digest
WSJ
– The White House has notified Federal Reserve governor Jerome Powell that President Donald Trump intends to nominate him as the next chairman of the central bank, according to a person familiar with the matter, a move likely to combine continuity on interest-rate policy with perhaps a lighter touch on financial regulation. on.wsj.com/2ioMgxZ
– Police said two people were killed and a third was injured in a shooting Wednesday evening at a Walmart in Thornton, Colorado, outside Denver. on.wsj.com/2inw00o
– Hudson’s Bay Co said it received an unsolicited offer for its German department store chain, Galeria Kaufhof, from its main rival in that country, but the company said the offer was incomplete and lacked financing. on.wsj.com/2int4AU
– Under Armour Inc is shedding more of its senior leadership, including its chief marketing officer and the head of its women’s business, as the sportswear company continues to grapple with declining sales. on.wsj.com/2ilulIo
– Uber Technologies Inc’s effort to close a multibillion-dollar investment by SoftBank Group Corp is in danger of derailing as co-founder Travis Kalanick tussles with fellow board members, including Benchmark Capital, over the limits of his power at the ride-hailing giant, people familiar with the matter said. on.wsj.com/2imWFKy
FT
* British defence minister Michael Fallon quit on Wednesday, saying his conduct had fallen below the high standards demanded of his position, the first resignation in a sexual harassment scandal in parliament.
* British lawmaker Peter Hain said on Wednesday he has asked finance minister Philip Hammond to refer an unidentified UK bank to regulators for an investigation into possible involvement in alleged money laundering involving South Africa’s Gupta family.
* U.S. President Donald Trump plans to nominate current Federal Reserve Governor Jerome Powell as the next chair of the U.S. central bank, according to two White House officials.
NYT
– President Trump’s bipartisan commission on the opioid crisis made dozens of final recommendations on Wednesday to combat a deadly addiction epidemic, ranging from creating more drug courts to vastly expanding access to medications that treat addiction, including in jails. nyti.ms/2in4BLV
– President Trump touched off a sharply partisan debate over some of the most divisive issues in American life on Wednesday as he cited the terrorist attack in New York to advance his agenda on immigration and national security while assailing Democrats for endangering the country. nyti.ms/2inAqEg
– Lawmakers released scores of political ads on Wednesday purchased by Russian agents on Facebook and Twitter that showed the extent of the Kremlin’s attempts to polarize the American voting public on issues like race, police abuse and religion. nyti.ms/2inx0Sc
– The Securities and Exchange Commission took a first step on Wednesday to head off the recent trend of celebrities endorsing new virtual currencies, warning that they could be breaking laws. nyti.ms/2inniiF
Canada
THE GLOBE AND MAIL
The Alberta government will intervene at the National Energy Board in an effort force the City of Burnaby to provide permits needed for construction of the controversial Trans Mountain pipeline expansion. tgam.ca/2z6QuSQ
Imperial Oil Ltd, the Canadian affiliate of Exxon Mobil Corp, is getting ready for another growth spurt in the Alberta deposits that could include green-lighting the new 150,000 barrel-a-day Aspen project early next year. bit.ly/2iVsPkm
Algonquin Power & Utilities Corp moved into global renewable-energy markets on Wednesday with the purchase of a portfolio owned by troubled Spanish energy company Abengoa S.A . tgam.ca/2z6ktu4
NATIONAL POST
Canada will soon flex new legal muscles created by its recent passage of Magnitsky law to sanction individuals in both Venezuela and Russia, a Canadian government official confirmed. bit.ly/2iTIjp6
Britain
The Times
– Littlewoods, the retailer owned by the Barclay brothers, has lost a legal battle to recover 1.25 billion pounds ($1.66 billion) in interest on overpaid VAT after five Supreme Court justices unanimously dismissed the claim. bit.ly/2gTMSeJ
– The completion of a $3 billion deal to buy fields from Royal Dutch Shell Plc has established Chrysaor as the biggest independent exploration and production company in the UK North Sea. bit.ly/2gTM6hC
The Guardian
– Sam Woods, a deputy governor of Bank of England, at an appearance before peers on the Lords EU financial affairs sub-committee on Wednesday warned that 10,000 jobs could leave the City on “day one” after the United Kingdom leaves the EU. bit.ly/2gWnpkF
– British lawmaker Peter Hain has asked for an investigation into “possible criminal complicity” by HSBC Holdings Plc in a money laundering scandal involving South Africa’s wealthy Gupta family, according to a letter sent to finance minister Philip Hammond. bit.ly/2gVtkqt
The Telegraph
– BT Group Plc has sparked government anger by “dragging its feet” over the legal separation of its network arm Openreach, amid concern that critical deadlines could be missed. bit.ly/2gUaLD1
– Spending on British television programmes will plummet by 500 million pounds a year over the next decade as Amazon.com Inc , Apple Inc and Netflix Inc seek to dominate the living room, the director-general of the BBC has warned. bit.ly/2gW3Clu
Sky News
– Thousands of BT Group Plc employees will be told later this month of proposed cuts to their pension benefits as the telecoms firm wrestles with a near 14 billion pound deficit in its retirement schemes. bit.ly/2gV7K5m
– Struggling doorstep lender Provident Financial, has appointed Rick Hunkin as its first group chief risk officer. bit.ly/2gTPM37
The Independent
– Designer furniture retailer Lombok has become the first UK company to be prosecuted and fined under illegal logging rules designed to stop the import of timber linked to widespread deforestation around the world. The company was prosecuted at Westminster Magistrates Court and fined 5,000 pounds plus costs. ind.pn/2gSCF2e
– The United Kingdom has received a damning bill of health in the World Economic Forum’s (WEF) latest gender gap report, trailing dozens of other countries in areas like primary education, economic participation and healthcare, at a time when the government is battling a slew of sexual abuse allegations. ind.pn/2gUtfTF
via http://ift.tt/2A9FG6q Tyler Durden