Morning News: June 9, 2017
Posted by Eddy Elfenbein on June 9th, 2017 at 5:07 am

Dollar Cleans Up as UK Election Shocks Sterling

Treasuries-Bund Trade Is About to Get Interesting

House Votes to Roll Back Post-2008 Financial Rules

Labor Department’s Fiduciary Rule Takes Effect

SoftBank to Buy Boston Dynamics, Maker of Animal-Like Robots

Verizon’s Oath Isn’t a Big Threat to Google and Facebook, but It Can Still Pay Off

Alibaba Adds $42 Billion in Market Cap on Strong Sales Forecast

Valeant: Another Divestiture At A Fair Price, Situation Remains Uncertain But Not Hopeless

Initial Claims, Unemployment Claims, Remain At US Historical Lows

Not So Fast: Pandora Puts KKR Investment On Hold

Pandora Has Reportedly Closed a Minority Investment Deal With Sirius XM

Matt Zames to Leave JPMorgan Chase, Seeking to Run His Own Business

Saks Owner Hudson’s Bay to Cut 2,000 Jobs as Loss Widens More Than Expected

Joshua Brown: The Most Important 24 Minutes of Your Year

Jeff Miller: Stock Exchange: Buy the Dip (VOYA) or Buy the RIP (DPZ)?

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Morning News: June 8, 2017
Posted by Eddy Elfenbein on June 8th, 2017 at 6:50 am

Digging the Graveyard of Oil’s Past

China May Imports, Exports Unexpectedly Speed Up But Seen Fading

Tokyo Nights May Soon Be Lit Up by a Country 1,700 Miles Away

European Central Bank Meeting Focuses on `Forward Guidance’

Rising Industry Output Points To German Economic Upswing

House Poised to Pass Bill Taking Aim at Dodd-Frank Regulations

Senators Challenge Trump Plan to Privatize Air Traffic Control

‘Prime Is The Gateway Drug’: Amazon’s Most Puzzling Move Yet Could Be One Of Its Most Brilliant

Boeing Barrels Ahead on 787 and 777 Cost Reductions

Toshiba Shares Up After Sources Say It Aims to Name Chip Ops Buyer on June 15

Traders Are Cranking Up Their Bets Against Snap

No One Has Ever Made a Corruption Machine Like This One

Howard Lindzon: The Airling Index and 9/11

Michael Batnick: Satisfaction Yield

Ben Carlson: The Pension Fund Private Equity Hail Mary

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Morning News: June 7, 2017
Posted by Eddy Elfenbein on June 7th, 2017 at 7:10 am

OECD Warns Protectionist Rhetoric Undermining Investment Rebound

Spain’s Santander Rescues Banco Popular From Collapse

Oil Drops as Industry Data Shows Surge in U.S. Gasoline Supplies

The Head of the U.S. Patent Office Has Abruptly Resigned

Forced Finally To A Binary Labor Interpretation

U.S. Justice Department Opposes Wells Fargo on Whistle-Blower Suit

Electric Car Sales Are Surging, IEA Reports

When Companies Lead on Infrastructure, Taxpayers Often Bear the Costs

Developers Lure Buyers to Cities, Even as Prices Stall

Goldman Sachs Boost Rates For Savers In Bid To Attract Deposits

Pinterest Raises Valuation to $12.3 Billion With New Funding

Uber Fires 20 Amid Investigation Into Workplace Culture

Dish Is Fined $280 Million After Its Telemarketers Called People On ‘Do Not Call’ List

Michael Batnick: Greatest Hits From Michael Mauboussin & Meir Statman

Cullen Roche: 1,000 Years Worth of Market Data

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Morning News: June 6, 2017
Posted by Eddy Elfenbein on June 6th, 2017 at 6:30 am

The World’s $100 Trillion Question: Why Is Inflation So Low?

U.S. Extends Sugar Talks With Mexico as Both Countries Near Deal

White House Formally Backs Plan To Transfer Air Traffic Control System To Private Corporation

Supreme Court Disgorges the SEC

Trump’s Paris Pull-Out Can’t Stop The Renewables Revolution

Trump Organization to Go Budget Friendly With `American Idea’ Hotel Chain

Amazon Offers Prime Discount To Those On Government Benefits

Hedge Fund Guys Think They’re Smart. Let’s See.

J.Crew’s Mickey Drexler Confesses: I Underestimated How Tech Would Upend Retail

Alphabet Shares Follow in Amazon’s Footsteps and Top $1,000

The Video Game Business Is Finally Adopting The Netflix Model

Led by Rachel Maddow, MSNBC Surges to Unfamiliar Spot: No. 1 in Prime Time

Josh Brown: QOTD: You Will Always Find What You Need

Roger Nusbaum: We’ll Always Have Paris

Jeff Carter: One Bad Pitch Doesn’t Mean The End

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Morning News: June 5, 2017
Posted by Eddy Elfenbein on June 5th, 2017 at 7:00 am

Saudi-Led Alliance Cuts Ties With Qatar

World Bank Still Sees Global Growth Picking Up Amid Policy Risks

JPMorgan’s Dimon Aiming for China Venture With Full Control

Solar Energy Boom Turns to Bust for Indian Manufacturers

The Bloody Fight for ETF Scraps Is About to Get Even Worse

Toyota Sold All Its Tesla Stock, And Plans To Ignite 2020 Games By Flying Car

Uber’s Surge Pricing Tactic During London Bridge Terror Attack Ignites Social Media Outrage

G.M. Wants to Drive the Future of Cars That Drive Themselves

Apple Services Unlikely To Offset Soft iPhone Sales

Apple Piles On the Features, and Users Say `Enough!’

Herbalife: Approaching Record Highs, But Should It Be?

Oculus Founder Plots a Comeback With a Virtual Border Wall

Blackstone Offers $2 Billion for Finnish Real Estate Firm Sponda

Jeff Miller: Is the Bond Market Sending a Message for Stocks?

Michael Batnick: These Are The Goods

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My NFP +138,000
Posted by Eddy Elfenbein on June 2nd, 2017 at 8:32 am

The May jobs report is out. The U.S. economy created 138,000 net new jobs last month. The unemployment rate is down to 4.3%.

The numbers for March and April were revised lower. March by 29,000 and April by 66,000.

The unemployment rate is now at its lowest since March 2001. The unemployment rate is lower now than at any time from March 1970 to Feb 1999.

Morning News: June 2, 2017
Posted by Eddy Elfenbein on June 2nd, 2017 at 7:12 am

Brazil Exits Recession With Fastest Growth Rate Since 2013

Trump’s Paris Exit Leaves Him Isolated From C-Suites to Capitals

Oil Slides as U.S. Climate Withdrawal Compounds Glut Concerns

Mnuchin and Mulvaney at Odds as Trump Confronts Debt Default

Dollar Gains as ADP Suggests Strength Before May Jobs Report

Trump Talks Tough on Trade, But His Team Is Treading Lightly

Goldman Sachs Applies for Saudi Equities Trading License

Walmart is Asking Employees to Deliver Packages on Their Way Home From Work

Uber’s CFO Search May Prove Difficult

British Airways I.T. Outage Caused By Contractor Who Switched Off Power

Blue Apron, a Meal Delivery Service, Files for Public Offering

Linde Shares Seen Up After Boards Agree Praxair Merger

The Doughnut Dilemma: What The Office Pastry Teaches About Behavioral Economics

Howard Lindzon: Nasdaq 10,000 and What Could Go Wrong?

Jeff Miller: How to Deal With a Losing Trade

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Update from Manila
Posted by Eddy Elfenbein on June 1st, 2017 at 4:08 pm

I decided to head off to the Philippines for a few days of vacation. By now, you’ve probably heard of the awful attack at Resorts World Manila. That’s a big complex right next to the airport which is about five miles from where I am. Let me assure you that I’m safe and sound. I didn’t even know about the attack until I heard about it on Twitter.

The island of Mindanao in the southern Philippines has been under attack from ISIS. Manila is a long way from there but it seems ISIS wants to cause as much mayhem as possible.

Posting will be light but I wanted to let everyone know that I’m doing fine.

Morning News: June 1, 2017
Posted by Eddy Elfenbein on June 1st, 2017 at 7:04 am

E.U. Agrees to Recapitalization Plan for Monte dei Paschi

As China Ushers In New Cyber Law, Misgivings Remain

Wall Street Regulators Just Got a Powerful Reminder of One of the First Rules of Finance

Why the U.S. Can’t Kick Its Addiction to Social Security Numbers

Express Scripts Sues Maker of Overdose Drug, Intensifying Feud

Investors Pick Tesla’s Promise Over GM’s Steady Profits

Nomura Admits Part in Goldman Venezuelan Bond Deal

Uber Posts $708 Million Loss as Finance Head Leaves

Hewlett Packard Enterprise’s Dire Quarter Shines Light on Deal With U.K.’s Micro Focus

Brazil Levies Record $3.2 Billion Fine On Parent Of Meatpacking Giant

United Slapped With Fine For Taking Plane ‘Not in Airworthy Condition’ on 23 Flights

JetBlue and Delta Test Biometric Scanning to Replace Boarding Passes

The Whistleblower Behind Caterpillar’s Massive Tax Headache Could Make $600 Million

Ben Carlson: Don’t Be Fooled By High Dividend Yields

Cullen Roche: Chart of the Day – The USA is Not a Corporation

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Morning News: May 31, 2017
Posted by Eddy Elfenbein on May 31st, 2017 at 7:03 am

This Is What the Demise of Oil Looks Like

Once Costly Deep-Sea Oil Turns Cheap, to OPEC’s Dismay

The Billionaire Gadfly in Exile Who Stared Down Beijing

Venezuelan Opposition Condemns Goldman For $2.8 Billion Bond Deal

Despite Weak Inflation, Fed Is Likely to Raise Interest Rates in June

Deutsche Telekom CEO Says U.S. M&A Regulations Look Good Under Trump

U.S. Colleges Have $500 Billion to Invest. Now Where Are All the Green Deals?

Supreme Court Rules Patent Laws Can’t Be Used to Prevent Reselling

Amazon Gets First Dance With $1,000 Share Price

Amazon Is Giving Out $70 Million in App Refunds: See If You’re Eligible

Exxon Steps Up Efforts To Sway Shareholders On Climate-Report Vote

Toshiba Unable to Present Audited Results At End-June Shareholders Meeting

Birkin Bag Sells For Record $380,000 at Hong Kong Auction

Jeff Carter: Two Markets With Parallel Paths

Roger Nusbaum: Watching Tech’s Weighting in the SPX

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