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Nov 28, 2016

U.S. Department of Commerce Communications: Trade and Investment (11/28/16)

U.S. Department of Commerce
Trade & Investment (11/28/16)
Weekly updates on what we're doing to expand the U.S. economy through increased exports and inward foreign investment.
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U.S. Secretary of Commerce Penny Pritzker and U.S. Trade Representative Michael Froman led a U.S. delegation in discussions with Vice Premier Wang Yang and other Chinese government officials as part of the 27th session of the U.S.-China Joint Commission on Commerce and Trade (JCCT) in Washington. U.S. Secretary of Agriculture Tom Vilsack and U.S. Ambassador to China Max Baucus also participated in this year’s JCCT, the last of the Obama Administration. At the conclusion of the discussions, the United States announced key outcomes in the areas of intellectual property protection, pharmaceutical and medical devices, and information security policies.
Secretary Pritzker highlighted the two countries’ progress in promoting bilateral trade and commerce through the JCCT, but noted significant challenges remain in the bilateral relationship.
(by Keida Ackerman, Senior Investment Specialist, SelectUSA) I recently had the honor and great pleasure of participating in the Washington, D.C. portion of the Osaka Chamber of Commerce and Industry’s (OCCI) Hydrogen Fuel Cell (HFC) Mission – part of a week-long effort to inspire an HFC conversation around ideas that not only have a positive economic impact, but also hold broader implications for our communities and our planet.
U.S. Secretary of Commerce Penny Pritzker delivered remarks at the opening plenary session of the 27th meeting of the U.S.-China Joint Commission on Commerce and Trade (JCCT). During her remarks, Secretary Pritzker highlighted the two countries’ progress in promoting bilateral trade and commerce through the JCCT, as well as lingering policy challenges that remain in our bilateral relationship.
U.S. Secretary of Commerce Penny Pritzker delivered remarks at the U.S.-China Joint Commission on Commerce and Trade (JCCT) Collaborative Program on the Digital Economy. As part of the “Reimagined JCCT,” this event brought the U.S. and Chinese business communities together with government officials from both countries for a discussion on a topic that is ripe for collaboration. 
(by Erwin Parson, International Trade Management Division, U.S. Census Bureau) The season is changing from the blazing hot days of summer to the cool afternoons of fall. The leaves are starting to turn vibrant oranges, reds and yellows and transform our landscape. Harvested in October, pumpkins are traditionally associated with this time of year. Did you buy your pumpkin yet?
(by Jason Lindesmith, Communications Specialist for the U.S. Commercial Service’s Great Lakes Network) Earlier this month, the Acting Director of ITA’s Office of Strategic Partnerships shared how partnerships at ITA ultimately help American businesses while broadening the base of exporters around the country. I would like to offer one example of a budding partnership the U.S. Commercial Service has within in the aerospace industry – our work with the Michigan Aerospace Manufacturing Association (MAMA).
On Sunday, U.S. Secretary of Commerce Penny Pritzker delivered remarks at the Warner Theater to celebrate the conclusion of the 2016 U.S.-China Tourism Year. U.S. and Chinese leaders designated 2016 as the U.S.-China Tourism Year in an effort to strengthen tourism and commercial ties between the two countries. In the U.S., government and industry worked together to enhance the tourism experience for Chinese visitors and improve cultural understanding.
U.S. Secretary of Commerce Penny Pritzker participated in an armchair discussion at the World Affairs Council of America annual conference titled “Shaping the American Competitiveness Agenda for the 21st Century.” During the discussion, the Secretary highlighted policies that America must pursue in order to stay competitive, grow the economy, and generate opportunity for working families.
(by Vinay Vijay Singh, Deputy Assistant Secretary, Global Markets and Michael Marangell, International Trade Specialist, U.S. Commercial Service) It took 108 years for the Chicago Cubs to win the World Series. It was a fitting time for nearly 300 U.S. exporters from 27 states, industry experts, and international dignitaries to convene in Chicago (November 1-3) for Discover Global Markets: Building Smart Cities (DGM), the latest in the U.S. Commercial Services’ DGM series. The global urbanization trend will require rapid deployment of smart city solutions in much less time than a century for citizens to integrate into cities with a high quality of living. It is estimated that the world will need to create a few cities the size of Chicago every year for the next 15 years to accommodate citizens seeking their path to prosperity.

DealBook - November 28, 2016: Congress May Hold Key to Handling Trump's Conflicts of Interest

The New York Times

Peter J. Henning
That issue is especially challenging because so much of Mr. Trump’s work could make his company richer or poorer, and therefore his motivations could be questioned about a multitude of decisions.

WSJ | Biggest Decliners Closing on November 28, 2016

The Wall Street Journal
Biggest Decliners Closing
Biggest Decliners
4:32 pm ET 11/28/2016

WSJ | Most Active Closing on November 28, 2016

The Wall Street Journal
Most Actives Closing
Most Active Stocks by Volume
4:31 pm ET 11/28/2016

WSJ | Biggest Gainers Closing on November 28, 2016

The Wall Street Journal
Biggest Gainers Closing
Biggest Gainers
4:32 pm ET 11/28/2016

CMI Spot Prices Closing Report on November 28, 2016

Spot Prices as of traditional New York closing times

Monday, November 28, 2016

Wall Street Closing Report on November 28, 2016: Trump Rally Eases, Stocks Trip Up Despite 2% oil Price Rise
Fred Imbert
U.S. stocks fell on Monday as financials lagged, while a massive post-election rally eased, and investors kept an eye on surging oil prices ahead of a key OPEC meeting.

FDIC Weekly National Rates and Rate Caps - November 28, 2016


Rates updated November 28, 2016

FTC Consumer Information - November 28, 2016: Renting an apartment? Be prepared for a background check

Federal Trade Commission Consumer Information

by Lisa Weintraub Schifferle
Attorney, Division of Consumer & Business Education, FTC

European Markets Closing Report on November 28, 2016: Europe Stocks Close Lower; Oil Pushes Higher on Renewed Hopes of OPEC Cut; Banco Popular Slides 8%
Sam Meredith, Silvia Amaro, Arjun Kharpal
European markets closed lower on Monday amidst political uncertainty in Italy and revived hopes of an OPEC production cut after a volatile trading day.

Reuters | Technology News - November 28, 2016: Samsung to Unveil Shareholder Return Plans Amid to Split Company
By Se Young Lee | SEOUL
SEOUL Samsung Electronics Co Ltd (005930.KS) said it will disclose plans to boost shareholder value on Tuesday - a move that comes amid pressure from U.S. fund Elliott Management to split the company in two and provide more in payouts.

The Guardian | World | Middle East | Syria on November 28, 2016: Syrian Rebel Forces in Aleppo Suffer "Biggest Defeat Since 2012"

Patrick Wintour
Rebel forces in Aleppo have lost control of a key district that threatens to split the remaining opposition-held area in two, according to activists.

Bloomberg Markets | Five Things You Need to Know to Start Your Day - November 28, 2016

Bloomberg Markets

by Lorcan Roche Kelly
Get caught up on what's moving markets.

Bloomberg View | Share The View: A New Era for Cuba - November 28, 2016:
Bloomberg View
Cuba After Castro

After longtime Cuban leader Fidel Castro died on Friday, one question is on everyone’s mind: What’s next? Mac Margolis says Castro’s passing may accelerate Cuba’s more capitalist-friendly

U.S. Stock Market Future Indications on November 28, 2016: U.S. Stocks Poised to Open Lower as Hopes of an OPEC Deal Fade

Sam Meredith

Spencer Platt | Getty Images
U.S. stock index futures pointed to a lower open on Monday morning amid increasing levels of investor angst that OPEC will be not able to agree to a production cut this week.
In oil markets, Brent crude traded at around $46.84 a barrel on Monday morning, down 0.8 percent, while U.S. crude was around $45.71 a barrel, down 0.8 percent. OPEC members are holding bilateral meetings as they try to reach an agreement at a general meeting on Wednesday.
Libya's National Oil Corporation (NOC) said on Sunday it would not take part in any OPEC production cuts for the "foreseeable future", according to Reuters, and the Saudi Arabian Energy Minister Khalid al-Falih also said that he believed the oil market would balance itself next year even if producers did not intervene.
On the earnings front Monday, ZTO Express is due to report after the bell in its first report since its initial public offering (IPO). Shoe Carnival, 21Vianet and Thor Industries are also set to report earnings after the market close.
On the data front, Monday will see Dallas Fed survey data released at 10.30 a.m. ET. In Europe, the pan-European Stoxx-600 index was around 0.89 percent lower on Monday morning. Investors in Europe are also becoming increasingly worried over the upcoming referendum in Italy that could potentially lead to the fall of the government and raise concerns over the recapitalization of the banking system.
In Asia, the Shanghai Composite in China closed 0.46 percent higher, while the Nikkei in Japan closed 0.13 percent lower.

Asian Markets Closing Report on November 28, 2016: Asian Markets Mixed as Dollar Strgth, Lower Oil Prices Weighs

Aza Wee Sile
The Japanese benchmark closed lower on Monday after seven straight sessions of gains as the yen rose sharply against the dollar and oil prices slipped.