- Futures rise for third day in a row (Reuters); Banks Lead Stock Rally as Bonds Gain With Hopes Pinned on Draghi (BBG)
- Monte dei Paschi bolsters European stocks, ECB looms (Reuters)
- Finding Risk in All the Wrong Places as Trump Era Begins (BBG)
- Goldman Tells Stock Pickers to Rejoice as Correlations Decline (BBG)
- Trump’s ‘Wall’ at Mexico Border Vanishing as GOP Lawmakers Bolt (BBG)
- AT&T CEO: Time Warner Deal Would ‘Disrupt’ Cable TV Model (WSJ)
- Americans Are Paying Apple Millions To Shelter Overseas Profits (BBG)
- China premier says steady growth this year to lay good foundation for 2017 (Reuters)
- The ‘Weird’ Commodity Hurting the Bears as Prices Double (BBG)
- Aleppo rebels call for five-day ceasefire (Reuters)
- China calls Iowa's Branstad 'old friend' after report he picked as ambassador (Reuters)
- How Iran closed the Mosul 'horseshoe' and changed Iraq war (Reuters)
- Brazil Supreme Court deal might keep Senate head in place: report (Reuters)
- BP oil exports from U.S. to Asia could open new routes (Reuters)
- Forget Robots—People Skills Are the Future of American Jobs (BBG)
- Britain fines Pfizer record $107 million for huge drug price hike (Reuters)
- Trump Says He Will Leave Family Business. The Pros Tell Him How (BBG)
- Nearly 100 killed, hundreds hurt as quake strikes Indonesia's Aceh (Reuters)
- Fed May Struggle to Signal What Comes After December (WSJ)
- Kazakhstan detains suspected oil thieves linked to Islamists (Reuters)
- Pearl Harbor Survivors Gather for 75th Anniversary Reunion (WSJ)
- Plane with some 47 people on board crashes in north Pakistan (Reuters)
Overnight Media Digest
WSJ
- President-elect Donald Trump, escalating his carrot-and-stick approach to the nation's manufacturing sector, on Tuesday called for canceling Boeing Co's work on a new version of Air Force One, asserting that the company was trying to rip off taxpayers. http://on.wsj.com/2h1NXjT
- More than 100 veterans will converge on Hawaii this week to mark the 75th anniversary of the Pearl Harbor attack, in what is being billed as the last big gathering of the survivors. http://on.wsj.com/2gggovQ
- The U.S. Supreme Court handed the government a significant win Tuesday in its pursuit of insider trading, ruling prosecutors in such cases don't always have to show that something valuable changed hands to prove a crime was committed. http://on.wsj.com/2he5CI7
- When Federal Reserve officials meet next week, agreeing to raise short-term interest rates will be the easy part. The trickier task could be debating the likely path of interest rates in the months and years ahead. http://on.wsj.com/2ghcd2Q
- President-elect Trump sold all of his stockholdings in June, a transition spokesman said, removing himself from positions in numerous U.S. companies. http://on.wsj.com/2h2uEHn
- The House of Representatives turned aside an attempt by conservative hard-liners to impeach IRS Commissioner John Koskinen for his handling of congressional investigations into the tax agency. http://on.wsj.com/2gj0ikS
- Blackstone's Jonathan Gray went on a home-buying spree after the foreclosure crisis. Four years and roughly 50,000 homes later, he will find out if his gambit pays off as Invitation Homes, the company formed to rent those homes, prepares to go public. http://on.wsj.com/2hdHncU
FT
Barclays Plc said on Tuesday it has agreed to lease office space in London's Canary Wharf district to the British government in an effort to save about 35 million pounds ($45 million) annually.
Len McCluskey, head of Unite, the country's biggest union and Labour's largest financial backer is stepping down a year earlier than expected and will seek re-election.
Britain is to overhaul the running of its rail network to give service operators a role in managing the tracks their trains use to try to improve reliability, British Transport Minister Chris Grayling said on Tuesday.
The head of Japan's SoftBank Group Corp, which in October set up a $100 billion fund for technology investments, said on Tuesday he would invest $50 billion in U.S. businesses, a move President-elect Donald Trump claimed was a direct result of his election win.
The British government has accepted the opposition Labour Party's call for it to set out its plan for leaving the European Union before formal talks begin, but has asked parliament to respect its Brexit timetable.
NYT
- Google said that all of its data centers around the world will be entirely powered with renewable energy sources sometime next year. http://nyti.ms/2h57v9n
- SoftBank founder Masayoshi Son struck a pledge after meeting with President-elect Donald Trump of investing $50 billion in the United States, a move that he said would create some 50,000 jobs. http://nyti.ms/2h57IcA
- A unanimous Supreme Court ruled on Tuesday that Samsung may not have to give up $399 million in profits for copying parts of the distinctive look of Apple's iPhone. The Supreme Court returned the case to the Federal Circuit for further consideration. http://nyti.ms/2h50LIy
- President-elect Donald Trump is summoning leaders of the biggest tech companies to New York for a round-table discussion. The agenda is undisclosed and perhaps still under consideration. http://nyti.ms/2h5f67R
Canada
THE GLOBE AND MAIL
** Alberta Premier Rachel Notley said environmental and indigenous opponents of the Kinder Morgan pipeline expansion have a legitimate right to protest, but they do not hold a veto over the project and can't kill it. https://tgam.ca/2g9R7jA
** An Ontario Securities Commission proposal to require financial advisers to act in the best interests of their clients could push investment firms away from offering traditional investment-advisory services if the new standard is too difficult to implement, industry officials warn. https://tgam.ca/2g9WvDd
** Canadian banks have navigated through weak economic growth, low interest rates and a depressed energy sector with their profits intact, but one big threat remains: the domestic housing market. https://tgam.ca/2g9ZLi8
NATIONAL POST
** Canada's telecommunications regulator is eliminating roles at its seven regional offices and consolidating some services at its National Capital Region headquarters in a push toward "digital first." http://bit.ly/2ga6ubB
** Bank of Montreal beat market expectations when it reported an 11 percent jump in net profit for the fourth quarter, helped by growth in all segments. http://bit.ly/2ga1KD7
** A motion from the Senate Conservative leader Claude Carignan - backed by government representative Peter Harder, Liberal leader Joseph Day and Independent Senators Group coordinator Elaine McCoy - seeks to add new independent members to committees, where a substantial amount of the Senate's work takes place. http://natpo.st/2ga21Wk