Financial Daily Dose 11.01.2019 | Top Story: Watching for the GM-strike Impact on the October Jobs Report

Robins Kaplan LLP

Robins Kaplan LLP

Jobs Report Friday again. Here’s what we’re watching, including the possibility of scary low numbers thanks to the only-recently-resolved GM strike – Bloomberg and NYTimes and WSJ

A former chief of staff to WeWork co-founder Adam Neumann and a series of other women have filed gender discrimination claims against the company accusing it of what they allege is a “broad[] culture of abuse and disrespect toward women,” including during pregnancies – NYTimes and Bloomberg

Here’s something of a new one. Deutsche Bank took the “rare step” of contacting US authorities to report the bank’s own $72 million office complex transaction last year with a company they believed had ties to Russian officials – NYTimes and WSJ

Fiat and Peugeot’s boards may have signed off on a merger this week, but the Journal tells us not to expect smooth sailing ahead—as Chrysler knows all too well – WSJ

The Treasury Department has announced an intent to “issue regulators significantly pulling back 3-year-old rules that were designed to prevent foreign companies from shifting taxable income out of the country through using internal debt”—rules enacted to address a mess of corporate inversions that raised concerns about corporate tax evasion – Law360 and Bloomberg

Bloomberg suggests that the Fed’s move to lower rates and hit pause this week could have been just the ticket for rebooting the long-dated government debt trade, a welcome development that could lead to a flatter yield curve – Bloomberg

The recent GM/UAW deal appears to have paved the way for Ford and the union to reach a new bargain as well – NYTimes and Law360

A run on Yichuan Bank, a rural bank outside of the Chinese city of Luoyang, has extended into a third day, even as Chinese officials and bank leaders are working overtime to project “stability and reassur[e] the public after rumors had spread that the bank’s chairman was in trouble and the bank was on the brink of insolvency” – WSJ

Counsel for former JPMorgan trader Akshay Aiyer, on trial for “scheming to rig foreign currencies,” strongly denied his involvement in any effort to rig bids or fix prices during opening statements on Thursday – Bloomberg and Law360

A New York bankruptcy judge has approved the sale of Barney’s New York to Authentic Brands Group, “which will likely close almost all of the luxury retailer’s remaining stores and license the Barney’s name.” The decision does, however, preserve a “slim possibility” of a rival purchaser before the sale closes later today – WSJ and Bloomberg

With snow showers swirling around the North this morning, it feels like the right time to join the Journal on its deep dive into the world of fleece. L.L. Beaners, unite! – WSJ

Have a great weekend.

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Robins Kaplan LLP

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