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Nov 21, 2016

WSJ | Major Indexes Closing on November 21, 2016

The Wall Street Journal
Major Indexes Closing
Major Indexes

SEC Press Release - November 21, 2016: Chief Litigation Counsel Matthew C. Solomon to Leave SEC

SEC Seal
The Securities and Exchange Commission today announced that Matthew C. Solomon, the Chief Litigation Counsel for the SEC’s Enforcement Division, will leave the agency early next month.

WSJ | Biggest Gainers Closing on September 21, 2016

The Wall Street Journal
Biggest Gainers Closing
Biggest Gainers
4:46 pm ET 11/21/2016
NYSE

WSJ | Biggest Decliners Closing on November 21, 2016

The Wall Street Journal
Biggest Decliners Closing
Biggest Decliners
4:46 pm ET 11/21/2016
NYSE

WSJ | Most Actives Closing on November 21, 2016

The Wall Street Journal
Most Actives Closing
Most Active Stocks by Volume
4:46 pm ET 11/21/2016
NYSE

Wall Street Closig Report on November 21, 2016: Major Indexes Rip to Record Closing Highs as Energy Spikes 2&

cnbc.com

Fred Imbert
 
U.S. equities closed higher on Monday, led by energy stocks, as oil prices rose on renewed optimism that OPEC was closing in on a deal to cut production.

FDIC Financial Institution Letter - November 21, 2016: FIL-78-2016: Banker Teleconference Series on Military Lending Act Regulations and the Related, Recently Released Interpretive Rule: December 1, 2016


Financial Institution Letter

Banker Teleconference Series on Military Lending Act Regulations and the Related, Recently Released Interpretive Rule: December 1, 2016

FDIC Weekly National Rates and Rate Caps - November 21, 2016.

  FDIC

Rates updated November 21, 2016

FTC Press Release - November 21, 2016

FTC@100 Banner

Following a public comment period, the Federal Trade Commission has approved a final consent order with Warner Bros. Home Entertainment Inc., settling charges that the company failed to adequately disclose that it paid online influencers to post gameplay videos.
According to the FTC’s complaint, announced in July 2016, Warner Bros. deceived consumers during a marketing campaign for the video game Middle Earth: Shadow of Mordor, by failing to adequately disclose that it paid online “influencers” thousands of dollars to post positive gameplay videos on YouTube and social media. Over the course of the campaign, the sponsored videos were viewed more than 5.5 million times.
The FTC also alleged Warner Bros. gave influencers a free advance-release version of the game and told them how to promote it. Warner Bros. also allegedly required the influencers to promote the game in a positive way and not to disclose any bugs or glitches they found.
Under the final order, Warner Bros. is barred from failing to make such disclosures in the future and cannot misrepresent that sponsored content, including gameplay videos, are the objective, independent opinions of video game enthusiasts or influencers.
The Commission vote approving the final order and responses to the public commenters was 3-0. (FTC File No. 152-3034; the staff contact is Linda Badger, FTC Western Region, San Francisco, 415-848-5151.)
The Federal Trade Commission works to promote competition, and protect and educate consumers. You can learn more about consumer topics and file a consumer complaint online or by calling 1-877-FTC-HELP (382-4357).

FTC Approves Final Order Requiring Warner Bros. to Disclose Payments to Online Influencers

Contact Information

MEDIA CONTACT:
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202-326-2180
More news from the FTC >>

CMI Spot Prices Closing on November 21, 2016



Spot Prices as of traditional New York closing times

Monday, November 21, 2016



 

FRB Speech - by Vice Chairman Fischer on Longer-Term Challenges for The U.S. Economy

www.federalreserve.gov

 

Speech

Other Formats

Vice Chairman Stanley Fischer

At "A Conversation with Stanley Fischer," sponsored by the Council on Foreign Relations, New York, New York

November 21, 2016

Longer-Term Challenges for the U.S. Economy

NYT | Opinion Pages - November 21, 2016: Trump Making America White Again, by Charles M. Blow

nytimes.com
 
Charles M. Blow
President-elect Donald Trump and Vice President-elect Mike Pence after a day of meetings at the Trump National Golf Club in Bedminster , New Jersey, on Saturday. Hilary Swift for The New York Times
This may well be the beginning of the end: the early moments of a historical pivot point, when the slide of the republic into something untoward and unrecognizable still feels like a small collection of poor judgments and reversible decisions, rather than the forward edge of an enormous menace inching its way forward and grinding up that which we held dear and foolishly thought, as lovers do, would ever endure.

So many of President-elect Donald Trump’s decisions herald a tomorrow that is bleak for anyone who held hope that he could be a different, better man than the one who campaigned (I was not among that cohort), or those who simply assumed that the gravity of the office he is to assume would ground him.

Hard-line Trumpism isn’t softening; it’s being cemented.
Increasingly, as he picks his cabinet from among his fawning loyalists, it is becoming clear that by “Make America Great Again,” he actually meant some version of “Make America a White, Racist, Misogynistic Patriarchy Again.” It would be hard to send a clearer message to women and minorities that this administration will be hostile to their interests than the cabinet he is assembling.
He has promoted Stephen Bannon, an alt-right, white nationalist cheerleader and sympathizer, to chief White House strategist.

Senator Bernie Sanders responded to the Bannon announcement with a blistering statement:
“The appointment by President-elect Trump of a racist individual like Mr. Bannon to a position of authority is totally unacceptable. In a democratic society we can disagree all we want over issues, but racism and bigotry cannot be part of any public policy. The appointment of Mr. Bannon by Mr. Trump must be rescinded.”
But of course, Trump had no intention of rescinding the appointment. Indeed, he had more controversial appointments to come.
He has chosen the extreme anti-Islam hyperbolist Lt. Gen. Michael Flynn — who also happens to be a stop-and-frisk apologist and has tweeted that “fear of Muslims is RATIONAL” — as his national security adviser.
As The New York Times reported Thursday:
“General Flynn, for instance, has said that Shariah, or Islamic law, is spreading in the United States. (It is not.) His dubious assertions are so common that when he ran the Defense Intelligence Agency, subordinates came up with a name for the phenomenon: They called them ‘Flynn facts.’”
In October, Flynn tweeted:
“Follow Mike @Cernovich He has a terrific book, Gorilla Mindset. Well worth the read. @realDonaldTrump will win on 8 NOV!!!”
The New Yorker dubbed Mike Cernovich “the meme mastermind of the alt-right” in a lengthy profile.
The magazine pointed out:
“On his blog, Cernovich developed a theory of white-male identity politics: men were oppressed by feminism, and political correctness prevented the discussion of obvious truths, such as the criminal proclivities of certain ethnic groups.”
Then there was the choice of Senator Jeff Sessions for attorney general. In 1986 Sessions famously became only the second nominee in 48 years to be rejected by the Senate Judiciary Committee, due to racist comments and behavior.
When confronted by the committee about remarks he was accused of making about the N.A.A.C.P. and the A.C.L.U., Sessions responded:
“I’m often loose with my tongue. I may have said something about the N.A.A.C.P. being un-American or Communist, but I meant no harm by it.”
But not all of Sessions’s issues regarding minorities have a 30-year vintage.
In response to the attorney general announcement, the Southern Poverty Law Center issued a statement that read in part:
“But we cannot support his nomination to be the country’s next attorney general. Senator Sessions not only has been a leading opponent of sensible, comprehensive immigration reform, he has associated with anti-immigrant groups we consider to be deeply racist, including the Federation for American Immigration Reform and the Center for Security Policy.”
Indeed, FAIR was quick to congratulate Sessions on his nomination Friday, saying in a statement: “It’s hard to imagine a better pick for the attorney general position than Senator Jeff Sessions”; the group called on Sessions to rid the country of sanctuary cities.
The S.P.L.C. has written about FAIR, saying:
“FAIR leaders have ties to white supremacist groups and eugenicists and have made many racist statements. Its advertisements have been rejected because of racist content. FAIR’s founder, John Tanton, has expressed his wish that America remain a majority-white population: a goal to be achieved, presumably, by limiting the number of nonwhites who enter the country.”
Trump is making a statement that it would behoove America to heed: The America he envisions, and is now actively constructing from his perch of power, is not an inclusive America. It is a society driven by a racial Owellianism that seeks to defend, elevate and enshrine the primacy of white men and is hostile to all “others.”
That orange glow emanating from the man is the sun setting on America’s progress, however slow and halting, on race and gender inclusion and equity.

Bloomberg Markets - November 21, 2016: Five Things You Need to Know to Start Your Day

 Bloomberg Markets

bloomberg.com
 
Lorcan Roche Kelly lorcanRK
 
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Trump looks to Wall Street for Treasury Secretary, crude adds to its gains, and it was a big weekend in European politics. Here are some of the things people in markets are talking about today.

Bloomberg View | Share The View: The U.S. Economy Could Survive a Trade War - November 21, 2016:

bloomberg.com
 
Bloomberg View
 
Don’t Bet On a Crash From a Trump Trade War 
Even if the next president were to start a trade war with China, as many analysts fear, some restrictions on imports would do little harm — and there’s even a chance they could help. In fact, Noah Smith says, the main risks from a trade war wouldn’t be economic at all.

U.S. Stock Market Future Indications - November 21, 2016: Wall Street Poised to Edge Lower; Fisher Comments in Focus

cnbc.com
 
Sam Meredith

U.S. stock index futures pointed to a flat open on Monday morning, ahead of a four-day Thanksgiving trading week, as traders anticipated comments from Federal Reserve Vice Chairman Stanley Fischer.

Asian Markets Closing Report on November 21, 2016: Asia Markets Mixed as Dollar Takes a Breather

cnbc.com

Aza Wee Sile
 
Asian markets traded mixed on Monday as dollar strength took a breather and oil prices surged.
Helping to improve sentiment around Asia, the U.S. dollar index, which measures the greenback against a basked of currencies, eased off a multi-year high of 101.48 touched last week. The greenback was wavering at 101.09 against a basket of currencies as of 3:40 pm HK/SIN.