Bloomberg Businessweek - USA (2019-11-25)

7

BloombergBusinessweek November25, 2019

HONG

KONG:

JUSTIN

CHIN/BLOOMBERG.

JENNER:

RICH

FURY/GETTY

IMAGES.

CHIP

SOMODEVILLA/GETTY

IMAGES.

DATA:

COMPILED

BY
BLOOMBERG

 IN BRIEF

By Benedikt Kammel

○ President

Donald Trump

floated the idea

of appearing at

the impeachment

hearings,

tweeting that

he’ll “strongly

consider”

testifying.

○ KylieJennersoldcontrol

ofthemakeupand

skincaregroupshe

foundedtoCotyfor

$600m

Theyoungestmemberof

theKardashian-Jenner

clancomeswithmore

than 151 millionInstagram

followers,givingCotya rich

marketingveintopromote

thecosmetics.

○ TheU.S.sided

withIsraeland

reversedits

positiononJewish

settlementsin the

WestBank.

○ Madrid’sstockexchange

becamethesubjectofa

takeoverbattleafterthe

oftheSwiss

nnounceda

n bidandthe

theParisand

amexchangesalso

thefray.Deutsche

lookingintojoining

estaswell,people

withtalkssaid.

○ The price of palladium

has gained more than that

of any major commodity

over the past year.

○ Airbus pulled in more than

$35b

in aircraft orders at the

biennial Dubai Air Show,

with its A320 single-

aisle family again proving

popular with airlines. But

Boeing also managed to

bring home fresh deals for

its 737 Max model, which

remains grounded after two

fatal accidents.

○ Antigovernment

protestersin Iran,angered

bygasolinerationing,set

firetobanksandpublic

buildings.Hundredshave

beenarrestedasthe

governmentshutdown

internetaccess.Amnesty

International,citing“credible

reports,”saidthatat

least 106 peoplehavedied.

○ The initial public offering

of Saudi oil giant Aramco

will rely heavily on in-

country demand after

plans to market the deal

in Canada, Japan, and the

U.S. were dropped. Aramco

is seeking a valuation of

$1.6 trillion to $1.71 trillion,

well below the $2 trillion

sought by Crown Prince

MohammedbinSalman.

○ “Everybody

was in

loop.”

Ambassador Gordon Sondland testified

the House impeachment hearing thatV

President Mike Pence and Secretaryof

Mike Pompeo knew about PresidentTru

efforts to get Ukraine to announcea po

motivated investigation to benefitTrum

The settlements are considered

illegal under international law. “We’ve

recognized the reality on the ground,”

Secretary of State Mike Pompeo said.

Palestinian officials denounced the

move as harmful to peace efforts.

○ The University of Hong Kong came under siege, with police saying they fired

more than 1,400 tear gas volleys at protesters. Pro-democracy demonstrations in

the China-controlled territory have become increasingly violent in recent weeks.

1/1/19 11/20/

Palladium

spot price

+40%

Bloomberg

Commodities

Index +2%

operator

boursea

$3.1billio

ownerof

Amsterda

enteredt

Börseis

theconte

familiarw

dat

Vice

State

ump’s

olitically

p.

○ Indian giant Tata Steel plans to cut as many as 3,000 jobs across operations in Europe amid stagnant demand.

○ Aroundtown agreed on Nov. 19 to buy TLG Immobilien for $3.4 billion, creating Germany’s biggest commercial landlord.

○ Mainland China overtook Hong Kong as a market for Swiss luxury watches as the riots in the city deterred shoppers.

○ Prince Andrew said he will step back from public duties, as the furor over his friendship with Jeffrey Epstein continues.