In The News:
Job,Jobs,Jobs… Job’s Friday (the first Friday of every month when the NFP numbers are announced) left many disappointed. The NFP (Non Farm Payroll)report stated the economy only added 88K jobs in March, half of what experts expected. The report did provide a little good news.. February’s NFP jobs numbers were revised upward to 286K jobs added. Despite the low number the unemployment rate fell from 7.7% in February to 7.6% in March.
GE brings good things to life.. General Electric has agreed to buy Lufkin Industries, provider oil and gas industry equipment, for 3.3 billion or $88.50 a share.
UPS Appeal: UPS announced it would appeal the EC (European Commission) decision that blocked them from buying TNT Express, the overnight delivery service, in Europe for a proposed €5.16B. Despite dropping out of bidding due to the EU’s oppositions UPS is claiming the regulator’s case was “factually and legally erroneous.” Yep, we’re scratching our heads on that one…
BOJ gettin busy… The Bank of Japan is finally getting busy in it’s pursuit to pull the country out of deflation. The BOJ announced Friday its plan to start the QE experiment by buying 10.3B worth of JGB (Japanese Government Bonds) with maturity dates of 5-10 years along with a smaller quantity of JGB with maturities exceeding 10 years. The announcing of the plan caused the Nikkei to roar upward to it’s highest close since August 2008.
No photos available… The lights have gone down and the photographers have gone home with the closing of the family photograph studios at Sears, Wal-Mart and Babies R’Us. CPI, the company responsible for the studio found in big box retailers, announced they have closed the iconic studios where anyone born in the last 50 years have been tortured on several occasion getting their portraits made. Ugh… some of my finest photos with my mickey mouse were takin at those studios. What has the world come too?
In The Markets:
Asia: Asian markets closed mixed Monday, with the Nikkei soaring to new heights while the Hang Seng and Shanghi closing in the red. Investors outside of Japan choose to react to the worse than expected jobs numbers from the US not Japan’s new game of QE.
Europe: European markets declined steeply on Friday as global investors reacted to the dismal jobs number out of the US.
US: US markets closed down Friday as it was their turn to react to the disappointing March job numbers.
DJIA: -41.17 14564.94, NASDAQ -21.12 3203.86, S&P 500 – 6.76.
In Dinner or Drink:
We pick something some may call dinner or desert. As we mourn the loss of a piece of childhood with the closing of the Sears’s Family Photograph Studio we will be eating these…
Toll House Chocolate Chip Cookies…
2 1/4 cups all-purpose flour
1 teaspoon baking soda
1 teaspoon salt
1 cup (2 sticks) butter, softened
3/4 cup granulated sugar
3/4 cup packed brown sugar
1 teaspoon vanilla extract
2 large eggs
2 cups (12-oz. pkg.) NESTLÉ® TOLL HOUSE® Semi-Sweet Chocolate Morsels
1 cup chopped nuts
PREHEAT oven to 375° F.
COMBINE flour, baking soda and salt in small bowl. Beat butter, granulated sugar, brown sugar and vanilla extract in large mixer bowl until creamy. Add eggs, one at a time, beating well after each addition. Gradually beat in flour mixture. Stir in morsels and nuts. Drop by rounded tablespoon onto ungreased baking sheets.
BAKE for 9 to 11 minutes or until golden brown. Cool on baking sheets for 2 minutes; remove to wire racks to cool completely.
PAN COOKIE VARIATION: Grease 15 x 10-inch jelly-roll pan. Prepare dough as above. Spread into prepared pan. Bake for 20 to 25 minutes or until golden brown. Cool in pan on wire rack. Makes 4 dozen bars.
SLICE AND BAKE COOKIE VARIATION:
PREPARE dough as above. Divide in half; wrap in waxed paper. Refrigerate for 1 hour or until firm. Shape each half into 15-inch log; wrap in wax paper. Refrigerate for 30 minutes.* Preheat oven to 375° F. Cut into 1/2-inch-thick slices; place on ungreased baking sheets. Bake for 8 to 10 minutes or until golden brown. Cool on baking sheets for 2 minutes; remove to wire racks to cool completely. Makes about 5 dozen cookies.
* May be stored in refrigerator for up to 1 week or in freezer for up to 8 weeks.
FOR HIGH ALTITUDE BAKING (5,200 feet): Increase flour to 2 1/2 cups. Add 2 teaspoons water with flour and reduce both granulated sugar and brown sugar to 2/3 cup each. Bake drop cookies for 8 to 10 minutes and pan cookie for 17 to 19 minutes.
Recipe courtesy of verybestbaking.com.