X22 Report Spotlight

X22 Report News Flash

US Debt

national debt

X22 Report

Frontrunning: December 18

Oil heads for third straight weekly loss as supply weighs (Reuters) BOJ’s $2.5 Billion ETF Boost Seen Having Little Impact on Stocks (BBG) Japan core CPI seen flat in November, household spending down (Reuters) Dollar gets altitude sickness as BOJ disappoints (Reuters) Fed Hikes, but Some Rates Veer Lower (WSJ) White House calls for ‘common sense steps’ to help Puerto Rico (Reuters) Martin Shkreli, Pharma Executive, Arrested on Fraud Charges (WSJ) Vilified for drug pricing, CEO Shkreli busted for securities fraud (Reuters) Japan’s far-flung island defense plan seeks to turn tables on China (Reuters) Hedge-Fund Casualties Jump to 257 in Third Quarter Amid Rout (BBG) From Russia with love: Putin, Trump sing each other’s praises (Reuters) Manhunt for Texas affluenza teen after he apparently goes missing (Reuters) Swiss Regulator Bars 6 Former UBS Workers in Currency Inquiry (NYT) The U.S. Pays a Lot More for Top Drugs Than Other Countries (BBG) Judge Faults Uber for Confusing Drivers With New Contract (BBG)

Overnight Media Digest


– Pharmaceutical executive Martin Shkreli – who gained notoriety earlier this year for significantly raising prices on drugs – was arrested on charges of securities and wire fraud based on his former work at a hedge fund. (http://on.wsj.com/1UExWgM)

– Apple Inc, facing renewed questions about its growth prospects, named Senior Vice President Jeff Williams its chief operating officer, filling a role that has been vacant since Chief Executive Tim Cook assumed his post in 2011. (http://on.wsj.com/1IbcQoC)

– Cancer-care giant 21st Century Oncology Holdings Inc agreed to pay $19.75 million to settle allegations that its doctors performed a bladder-cancer test on Medicare patients more often than medically necessary, according to people close to the investigation. (http://on.wsj.com/1NAKNvH)

– Morgan Stanley plans to trim as many as 5 percent of its stock-trading employees early in 2016, part of an annual exercise to cull some of its less critical staff. (http://on.wsj.com/1YomPZA)

– Apple Inc said it plans to bring its mobile-payments service, Apple Pay, to China “as soon as early 2016,” securing agreements with the country’s state-run UnionPay and 15 Chinese banks. (http://on.wsj.com/1Zf7JrF)


A proposed two-day ban on messaging service WhatsApp in Brazil lasted for half a day before a higher court overturned the ban.

Brazilian financier Andre Esteves was released from prison on Thursday in relation to an investigation into corruption at Petroleo Brasileiro SA.

Pharmaceutical entrepreneur Martin Shkreli was arrested on charges of operating a ponzi-like scheme.

The family of Sheldon Adelson has confirmed they were the buyers of the Las Vegas Review-Journal.



** Montreal-based music provider Stingray Digital is pushing its international expansion deeper into Asia, acquiring Swiss-based iConcerts, a television station devoted to live music that reaches 250 million households, most of them in the vast Chinese market. (http://bit.ly/1IYbnlN)

** Canadian oil producers should benefit from more favorable pricing over the long term as…