Bloomberg:
- Germany Puts Euro-Area Economy in Line for Best Growth in Years. The euro-area economy maintained its solid pace of expansion in the third quarter, keeping it on track for its best annual performance in a decade. Gross domestic product rose 0.6 percent in the period, unchanged from a flash estimate, the European Union’s statistics office said Tuesday. In Germany, the region’s largest economy, expansion accelerated to 0.8 percent, while Italy’s picked up to 0.5 percent.
- One57 Foreclosure Shatters Price Dreams at Billionaires' Tower. When a full-floor penthouse at Manhattan’s One57 sold at a foreclosure auction, it didn’t just settle an international mortgage gone bad. The deal also set a new price standard for the Billionaires’ Row tower that once stood as a symbol of unlimited extravagance. The 6,240-square-foot condo spanning the skyscraper’s 79th floor sold for $36 million last week to an unidentified buyer, the highest of five bidders in addition to the lender. The price was 29 percent less than the $50.9 million that Nigerian businessman Kolawole Akanni Aluko paid for the apartment when he bought it new in 2014.
Wall Street Journal:
- Cohn: ‘We’ve Got to Get Taxes Done This Year’. The president’s top economic adviser says next on Trump’s agenda is a plan to improve the nation’s infrastructure.
- Higher Education’s Deeper Sickness. Political imbalance causes intellectual degradation. Riots against free speech are only a symptom.
- Critics Hit GOP Tax Plan for Small Businesses, Partnerships, Developers. Republican aides to Senate Finance Committee say they plan to make changes on how pass-through businesses are affected.
- U.S. Manufacturing Rides Rising Tide, Buoyed by Global Growth, Optimism. Makers of everything from bulldozers to food products are on an upswing as production, spending and sentiment improve.
- Fed’s Bostic: Gradual Rate Rises Appropriate Over Next Several Years. Federal Reserve Bank of Atlanta president says pace of Fed rate rises will depend on economy’s performance.
- High-Yield Canary Isn’t Singing About Markets Doom. The selloff, mainly confined to telecoms and lower-rated bonds, should be put into perspective, investors say.
MarketWatch.com:
CNBC:
- Roy Moore "sex scandal" is a big win for Mitch McConnell. The accusations against Moore and the nature of those allegations couldn't have come at a better time for McConnell, whose top priority is and has always been consolidating his personal power in the Senate.
Zero Hedge:
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