Stocks rally following upbeat jobs report, trade optimism

Stocks racked up impressive gains after a blowout jobs report showed the U.S. economy is still going strong, as 266K jobs were added in November – much better than analysts had forecast – and the unemployment rate matched a 50-year low 3.5%.

Uber releases sexual assault statistics

In its first comprehensive U.S. Safety Report, Uber (NYSE:UBER) reported 3,045 sexual assaults across rides in 2018, with nine people murdered and 58 killed in crashes.

Saudi Aramco raises $25B in largest-ever IPO

Saudi Aramco (ARMCO) says it has priced its IPO at 32 riyals per share ($8.53), the top of its indicative range, but the $1.7T valuation is below the $2T Crown Prince Mohammed bin Salman initially targeted.

Aramco to announce IPO share price

Saudi Arabia are expected to publish the initial share price of Aramco (ARMCO) today, which will list locally on the Tadawul stock exchange.

OPEC+ weighs deeper oil output cuts

Reports out of Vienna suggest OPEC and its allies led by Russia are discussing increasing current cuts of 1.2M barrels per day by more than 400K bpd, as well as extending their agreement from March, to June or later.

Futures point to more gains

Traders are closely monitoring the prospect of a Phase One trade deal with just 10 days to go before Washington is poised to impose another $156B of tariffs on Chinese goods.

Viacom, CBS close historic re-merger

Viacom (VIA, VIAB) and CBS are no more – welcome to ViacomCBS.The two media companies have completed their re-merger, scaling up against big competition to build a company housing more than 140,000 premium TV episodes and 3,600 film titles along with $13B in annual content investment.