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Media Navel Gaze: November 21, 2016

Mark Kollar  Follow

Trump Tower became gridlock central on many fronts, least important was the traffic, as Team Donald began to take shape, not surprisingly moving toward Red State fringe to fill posts, complete with unprecedented family photo opps throughout the process (that nepo look will continue to get attention!).  Then the veep elect went to Broadway to see Hamilton where the cast post show continued the show, raising concerns on inclusions for the next term and Twitter blows up, complete with Trump tweets showing how messy everything is and providing everyone on both sides with mudslinging fodder. 

Elsewhere:

  • Fake news became a thing, with social platforms guilty of hosting fake stories, causing Facebook and others to reexamine vetting programs and some crying election-influencing foul;
  • Not fake: Trump will pay $25 million to settle fraud allegation at Trump University;
  • Even more news on news: ABC is considering launching a 24-hour news channel;
  • JP Morgan Chase pays $264 million to Feds on foreign bribery charges tied to hiring kin of potential clients in China;
  • MacDonald’s decides it will now deliver Big Macs to your table after you order at a kiosk blending high tech/high touch fast food;
  • Stocks were little changed but held to post-election gains from the previous week with the Dow closing at 18,867;
  • Bonds, however, continued their rout with the yield on the 10 year at 2.337;
  • Snap filed to go public and a valuation between $20 billion to $25 billion; now there’s a “story”; and
  • Pioneering journo Gwen Ifill died, a no-BS filter on PBS.

LatAm Gaze:  

  • U.S. President Barack Obama traveled to Lima, Peru, as part of his final international tour as President, on Saturday. Obama said he doesn't expect major changes in Latin American policy under the Trump administration and urged people to wait until the  administration is in place and policies are together before they make any judgments as to whether Trump’s actions are consistent with the international community’s interest to live in peace and prosperity together.
  • On Friday, two nephews of Venezuela’s first lady Cilia Flores were found guilty on U.S. charges for plotting to send more than 1,700 pounds of cocaine into the United States.
  • Peru’s finance minister said on Saturday the country is considering holding a new auction for a natural gas pipeline project next year, following a corruption scandal facing Brazilian engineering company Odebrecht, which won the rights to build the pipeline in 2014. The natural gas pipeline plan aims to transport natural gas from Peru to the Pacific coast to feed power plants and a future petrochemical complex.
  • Mexico’s central bank raised its key rate by 50 bps, to 5.25%, on Thursday, and Central Bank Governor Augustin Carstens said the country could raise rates again before the end of the year as the country tries to navigate the sharp drop in its peso currency.
  • End of Week Market Updates
    • Merval (Argentina):    +  4.63%
    • Bovespa (Brazil):        +  1.31%
    • IPSA (Chile):              +  0.73%
    • IGBC (Colombia):       +  0.70%
    • IPC (Mexico):             -  1.37%
    • BVL (Peru):                 -  1.65% 

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