Highlight:

Listen up…

Satellite radio company, SiriusXM will buy music streaming service Pandora in a $3.5 billion all -stock deal. Pandora shareholders will receive 1.44 shares of newly issued SiriusXM stock for each share owned. The agreement includes a go shop clause which allows Pandora the option to purse other suitors. The deal will push SiriusXM into the largest audio entertainment company in the world. This is the second big move by the satellite provider this year. In July, the company signed a partnership with Netflix to create a comedy channel.

We Win…

Comcast has emerged as the top bidder for European broadcaster Sky. After three rounds of secret bidding on Friday and Saturday, Comcast offered the higher price of 17.28 pounds ($22.58) per share of Sky beating rival 21st Century Fox bid of 15.67 pounds ($20.47) per share. Britain’s regulators set up the auction to reduce uncertainty for Sky after months of back and forth takeover offers from American media giants. Sky is Europe’s largest pay-television operator, with 22.5 million customers in seven countries. Fox currently owns 39 percent of Sky and will now have to decide if it will sell its shares or keep its stake in the company. The auction closes the book on a bidding war that started in December and involved Comcast, Walt Disney, and 21st Century Fox.

Markets:

Asia: Asian markets closed mostly in the green as tariffs begin to kick in.
Europe: European stocks closed the week out higher on Friday as investors digested the latest political and corporate news.
U.S: U.S. shares closed mixed on Friday ahead of this week’s Federal Reserve meeting. DJIA: +86.52 26743.50 S&P: -1.08 2929. 67 NASDAQ: -41.28 7986.96

Word of The Day…

Money Manager

A business or bank responsible for managing an individual or institutional investor’s securities portfolio. Typically for a fee, the money manager, has the fiduciary duty to choose and manage investments which are prudent for his or her clients, including developing an investment strategy, and buying and selling securities.

Dinner or Drink:

Legends of The Fall
3/4 oz Jack Daniel’s® Tennessee whiskey
3/4 oz amaretto almond liqueur
2 1/2 oz pineapple juice
1 oz cranberry juice

Fill an old-fashioned glass with ice. Add all ingredients. Stir and serve.

Highlights:

Grab n’ Go…

According to reports, Amazon is considering opening 3,000 of its cashier-less stores by 2021. Currently, the e-commerce giant has three locations, known as Amazon Go, in Seattle and Chicago. The automated grocery stores provide customers with no lines, no checkouts, and no registers. Customers simply scan their Amazon Go apps as they walk through the the roughly 2,000 square feet stores and then walk out. The stores primarily sell grab-and-go food items such as prepared sandwiches, salads, yogurt, and granola bars. If Amazon is successful in opening its 3,000 stores it would be a distributor to convenience stores and fast foot chains across the nation. Shares of Walgreens, Walmart, Target, and Kroger moved sharply lower following the release of the report.

Mo’ Money…

Delta Air Lines announced it will increase its charge for a first checked bag to $30. The move comes less than a month after a similar move by JetBlue and United Continental. The hike leaves American as the only major airline to leave its checked bag fee at $25. A second bag will set you back $40 on Delta, United, and Jet Blue. Travelers who take part in airline loyalty programs can avoid the fees. Southwest remains the only airline to offer free checked bags to their customers.

Markets:
Asia: Asia markets closed mixed on Thursday as investors reacted to continued trade tensions.
Europe: European shares end their Wednesday session on a good note as investors shook off trade worries.
U.S: U.S markets closed in the green on Wednesday as investors continue to monitor the latest trade drama. DJIA: +158.80 26405.76 NASDAQ: -6.07 7950.04 S&P: +3.64 2907.95

Word of the Day:
Seasonal Adjustment

A statistical technique used to even out periodic swings in statistics or movements in supply and demand related to changing seasons.

Dinner or Drink:
Limoncello Citrus Sangria

1 Orange
1 Pink Grapefruit
2 lemons
750 ml bottle chilled white wine (I used Sauvignon Blanc)
1½ cups Limoncello
3 cups sparkling water or sparkling wine

Clean the orange, grapefruit and lemons thoroughly then cut into ¼ inch thick slices.

In a large pitcher combine white wine, sliced citrus and limoncello. Refrigerate at least 4 hours or overnight.

When ready to serve, stir in the sparking sparkling water (or sparkling wine). Pour into individual glasses. If desired, garnish glasses with sliced fruit from the pitcher.