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"I had reasoned this out in my mind: There was one of two things I had a right to, liberty or death. If I could not have one, I would have the other." - See who said it and why it matters at the bottom.
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The dollar has fallen every day this week, notching a cumulative loss of around 1% since President Trump complained on Twitter about its strength and took aim at two countries with weak currencies.
Driving the news: With U.S. businesses continuing to complain, Trump has made it clear the currency's strength is a major administration concern.
Between the lines: "Trump has the ability to intervene in the FX market," Michelle Meyer, Bank of America Merrill Lynch's head of U.S. economics, tells Axios.
Yes, but: Currency intervention has been shown to be ineffective unless coordinated between central banks, notes Kathy Lien, managing director of FX Strategy at BK Asset Management.
Be smart: What could really move the needle is a ceasefire in the U.S.-China trade war or Trump holding off on instituting more tariffs on Chinese imports.
The dollar also could be weakened by outside factors, Lale Akoner, global market strategist at BNY Mellon, tells Axios.
The last word: With the U.S. economy poised to slow next year, "the economic differential between the U.S. and the rest of the world will decrease," Akoner says, which should lead to less appetite for the dollar.
Facebook is in talks to lease a 700,000-square-foot Manhattan building in a deal that would make it one of New York’s largest corporate tenants. (WSJ)
Saudi Aramco priced its IPO Thursday at 32 Saudi riyals ($8.53) a share and will sell 3 billion shares, or 1.5% of the company, for a total value of $1.7 trillion in the world’s largest-ever IPO. (WSJ)
Uber received more than 3,000 reports of sexual assault in the U.S. last year, a 16% decline in the five most serious categories of sexual assault reported. (Uber)
The number of Americans applying for unemployment benefits fell to the lowest level in seven months, nearing a 50-year low, at the end of November. (MarketWatch)
House Speaker Nancy Pelosi instructed chairs handling the impeachment inquiry to proceed with articles of impeachment against President Trump. (Axios)
Most economists polled are on record predicting the U.S. added 150,000 to 180,000 jobs last month, but following Wednesday's ADP private payrolls report, which came in strongly below estimates, some are bracing for a weak number.
The big picture: Cailin Birch, global economist at The Economist Intelligence Unit, expects job creation softened significantly last month and that the economy is slowing — though she sees a "minor risk" of a looming recession.
Yes, but: Some economists expect the jobs report to outpace expectations because of the resolution of the UAW strike at GM plants across the country, putting job gains above 200,000 and giving a boost to lagging manufacturing jobs.
What's next: The Labor Department will release November's U.S. jobs report at 8:30 a.m.
The return of bullish sentiment that has driven the stock market to fresh all-time highs hasn't dented the safe-haven appeal of money market funds, which are akin to savings accounts or holding cash.
By the numbers: For the week ended Dec. 4, $2.37 billion of inflows had gone into MMFs, taking total holdings to nearly $3.6 trillion, data from the Investment Company Institute show.
The intrigue: The flows are happening despite a nearly 25% gain this year for the S&P 500. And even during the market's latest breakout and bull run since September, global and U.S. equity funds have had consistent outflows.
Harriet Tubman escaped from slavery in Maryland for the second and final time on Dec. 6, 1849. She made more than a dozen rescue missions using a network of abolitionists and safe houses known as the Underground Railroad.