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Frontrunning: January 25

  • Oil Drops as Saudis to Maintain Spending, China Diesel Use Falls (BBG)
  • Saudi Arabia is able to withstand low prices says Saudi Aramco Chairman (WSJ)
  • Recession Warnings May Not Come to Pass (WSJ)... or they May
  • Problems Found at Theranos Lab (WSJ)
  • New York rebounds after blizzard, Washington shuts down government (Reuters)
  • China business confidence, recruitment hit record lows in January - SMI survey (Reuters)
  • Twitter to Revamp Leadership Under CEO Jack Dorsey (WSJ)

Oil Slides Dragging Global Stocks, US Futures Lower, After Saudi Aramco Supply Comments

Oil Slides Dragging Global Stocks, US Futures Lower, After Saudi Aramco Supply Comments

After the biggest two-day surge in oil in seven years, early in the overnight session both Brent and WTI continued their run for a third day, entering a bull market, 20% up from recent lows hit just last week (yet still 15% down on the year) when Saudi Arabia spoiled the momentum party after  the world’s biggest crude exporter said it’s keeping up investments in energy projects while diesel consumption in China dropped for a fourth consecutive month, signaling an industrial slowdown.

The Bernie & Hillary 'Group Think' Show - Cynics, Cowards, Or Populist Propagandists

Submitted by Robert Parry via ConsortiumNews.com,

A curious reality about Official Washington is that to have “credibility” you must accept the dominant “group thinks” whether they have any truth to them or not, a rule that applies to both the mainstream news media and the political world, even to people who deviate from the pack on other topics.

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