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Jun 22

Highlights:

Stand up, Be Heard…

Intel Cop. Chief Executive Brian Krzanich, who had been at the helm since 2013, resigned on Thursday for violating company policy by having a relationship with a co-worker. Marking Krzanich as one of the most prominent CEO’s to lose their jobs in the era of greater scrutiny over workplace behavior. Intel learned of the affair in the past week from a concerned employee. An investigation by both internal and external counsel confirmed Krzanich was involved in a past consensual relationship, a violation of the firms nonfraterization policy. In the past board members and companies were more likely to look the other direction in these cases however, thanks to the brave women of the #metoo movement companies are looking closer at their policies on workplace conduct.

Stream Baby Stream…

Just days after finalizing its acquisition of Time Warner, AT&T is unveiling its newest video streaming video package called Watch TV. The new package consists of 31 channels for $15 a month. Roughly 20% of the channels offered come from Turner, the cable subsidiary of newly acquire Time Warner. In addition to the 31 live channels, the services also provides streaming junkies over 15,000 TV shows and movies on demand. The service is available to AT&T subscribers cross-platform via an app or customers who participate in AT&T two new unlimited data plans.

Markets:

Asia: Asian shares ended the week down after a yesterday’s negative handoff from Wall Street.

Europe: European stocks closed down on Thursday as global investor continue to worrying about the effects of a potential global trade war.

U.S: U.S. markets lost ground on Thursday fears of an impending trade war between the U.S. and China dragged investor sentiment lower. DJIA: -196.10 24,461.70 NASDAQ: -68.56 7,712.95 S&P: -17.56 2,748.76

Word of The Day:

Passive Management

A style of management associates with mutual funds and exchange traded funds, where the fund’s portfolio mirrors a particular market index like the S&P 500.

Dinner or Drink:
Devil in The Morning

Splash of Grenadine
1 part Orange Liqueur
2 parts Jim Beam® Devil’s Cut®
3 parts Orange Juice
Garnish with Maraschino Cherries
Garnish with Orange Wheel
Build in order over ice in a tall glass, letting the grenadine slowly settle through the cocktail. Garnish with a half-moon orange slice and/or a cherry.

 

 

Jun 20

Highlights:

Booted

General Electric Co. will be dropped out of the Dow Jones Industrial Average next week. The move marks a milestone in the decline of a firm that once ranked among the mightiest of blue-chips and a pillar of the U.S. economy. GE will be replaced by drugstore retailer Walgreens Boots Alliance. The decision to drop GE, an original member of 30-stock index and a continuous member since 1907, marks the latest setback for a company that once was the most valuable U.S. firm. Shares of GE have tumbled 55% over the past 52 weeks, erasing more than $100 billion in wealth as the company has undergone leadership changes, slashed its dividend payment, and sold off of assets.

Closing….

Starbucks Corp. announced on Tuesday it would close more coffee shops in the increasingly crowded U.S. market it pioneered. The coffee giant will close 150 U.S. stores in fiscal 2019, triple the number it has closed in recent years. The company will also slow the growth of its licensed stores in airports, supermarkets, and other retail stores. Most of Starbucks store growth has come from licensed stores, which are less profitable than company-owned stores. Shares of Starbucks fell in after hours trading to $56.32.

Markets:

Asia: Asian markets closed higher on Wednesday as investors go bargain hunting.

Europe: European shares closed down on Tuesday as global investors continue to worry about the ongoing trade battles.

U.S: U.S. markets tumbled on Tuesday as a new set of tariffs is aimed at China. DJIA: -287.26 24,700.21 NASDAQ: -21.44 7,725.58 S&P: -11.16 2,762.59

Word of The Day:

Bond Yield

The amount of interest paid to a bond owner by the issuer. The yield is based on several factors including the cost of the bond and the credit worthiness of the issuer.

In Dinner or Drink:

Penalty Shot

1/3 oz. melon liqueur
1/3 oz. Blue Curacao liqueur
1/3 oz. triple sec

Pour ingredients into a shot glass and mix.

Jun 18

Highlights:

Hello, O…

Oprah Winfrey and Apple have agreed to a multiyear deal to produce original content. The marquee signing comes as Apple ramps up its original content portfolio and goes head to head with rivals Netflix and Amazon. Winfrey’s projects will be released as part of a lineup of original content from Apple and will embrace Winfrey’s ability to connect with people around the globe. Apple has not yet released wether Oprah will star in the content however it is expected she will an on screen role in as a host and interviewer. Financial details of the deal were not release. The deal will not interfere with Winfrey’s recent contract extension with the cable network she founded in 2011, own.

Private….

Design firm Perry Ellis International is going private in deal valued at $437 million. A newly formed entity formed and controlled by founder and former executive chairman George Feldenkreis will acquire shares for $27.50 each a premium of 21.6% to the company’s share price of February 5, the last day before the proposal was announced. The board of Perry Ellis unanimously approved the deal based on recommendations from a committee formed after Feldenkreis made his approach for the company to go private. The deal is expected to be completed by the second half of this year. The move comes as the retailers continue to hammered in the stock market causing them to balance profits and keeping shareholders happy against making nessesary changes to fight competitively.
Markets:

Asia: Most markets were closed on Monday but the ones were open closed lower on Monday as investors digest new tariffs from both U.S. and China.

Europe: European stocks closed Lower as investor took profits after the previous trading rally

Us: U.S shares close down, despite a rally, as investor try to figure out the effects of the latest round of tariffs. DJIA: -84.83 25,090.48 NASDAQ: -14.66 7,746.38 S&P: -2.83 2,779.66

Word of the Day;

Dow Jones Industrial Average (DJIA)

A price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the NASDAQ. Invented by Charles Dow back in 1896.

Dinner of Drink:

Long Summer Night

1 1/2 oz Southern Comfort® peach liqueur
1 1/2 oz triple sec
1 1/2 oz sweet and sour mix
Mountain Dew® citrus soda

Pour the southern comfort, triple sec and sour mix over ice in a glass. Fill with mountain dew, stir and serve.



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