What You Need To Know (12/19/16): Super Mario Run, Rex Tillerson


Rex Tillerson and Vladimir Putin

Here’s what you need to know this morning:

  • Though it’s Christmas week, some big companies (Nike, FedEx, BlackBerry) are set to release their financial earnings. Today, however, Lennar ($LEN) and Worthington Industries ($WOR) are the only two companies of note with earnings calls. The former is up this morning after a positive earnings call, and the latter will be reported later this afternoon.
  • The market is open on Friday, the 23rd. It is not, however, open on the 26th to make up for Christmas Day landing on a Sunday this year.
  • The Dow closed on Friday at 19,843.41, short of the supposed 20,000-point milestone. Can it reach said milestone this week, or will this be the beginning of a downward trend? We’ll see in the second-to-last week of the year.

Here’s what we’re reading this morning:

Leak reveals Rex Tillerson was director of Bahamas-based US-Russian oil firm” by Luke Harding and Hannes Munzinger, The Guardian
As it turns out, our new Secretary of State is running an operation with Russia and using the Bahamas as a tax dodge. Surprise!

Donald Trump Won’t Divest From His Business Before Entering Office” by Jeremy Venook, The Atlantic
President-elect Donald Trump won’t, in fact, escape his businesses “in total” before taking office in January.

Super Mario Run was downloaded 2.85 million times in its first day” by Andrew Webster, The Verge
The question is, how many of those 2.85 million people actually spent the $9.99 for the full games? Based on the social media outcry against the surprise charge, not all of them!