Business

Amid confusion over whether the massive Saudi Aramco IPO is on hold until 2019, or permanently shelved in favor of a private placement, Reuters suggests the latter is now more likely as 'sources familiar with the matter' say China is offering to buy up to 5 percent of Aramco directly (offering the Saudis the lack of transparency they may have been nervous of with a public placing).

As we noted previously, China has been very actively diversifying its sources of energy...

Probably nothing...

The last two times the spread between 30Y and 5Y Treasury bonds was below 90bps, the US economy entered recession...

And the 2s10s curve is tumbling too - to its flattest since the crisis...

But, but, but, how can a recession be coming with stocks are record highs?

Despite repeated denials from Bob Weinstein and the Weinstein Company Board that the Hollywood studio was exploring a sale or shutdown after former executive Harvey Weinstein's 30-year history of using his position to harass and assault actresses was exposed, the Weinstein Company revealed that it's negotiating a sale of "all or a significant portion of" its major assets to Colony Capital, the private-equity arm of investment firm Colony NorthStar Inc.

Nordstrom shares are tumbling uin the pre-open (down over 5% to 3-month lows) as the company temporarily suspends its explorations for going-private, citing "difficulties in obtaining debt financing."

As Bloomberg reports, Nordstrom family plans to continue efforts after holiday season with management set to maintain focus on execution of business plan for year-end period.

And the result is the erasure of all post-rumor-gains and then some...