As in the past - watch the commodities market: All but cut off from Venezuelan crude, Chinese refiners are eyeing a pricier alternative: Canada. Inquiries around Canadian supplies from China have increased since the weekend. https://buff.ly/dM5gNVG While it will take years (up to 10) to see high production levels from Venezuela, the shift in supply from Canada will likely increase the cost to US producers and to consumers.
The Trump administration said Wednesday that US job openings fell in November to a more than one-year low and hiring slowed, indicating most employers remain reluctant to make big changes to headcount. The number of available positions decreased to 7.15 million in November from a downwardly revised 7.45 million in the prior month, according to the Bureau of Labor Statistics, part of the US Department of Labor. The figure was below all estimates in a Bloomberg survey of economists.
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