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May 31


In The News:


Modest Growth: The second reading of Q1 GDP revised slightly downward to 2.4% vs. 2.5%. Personal consumption expenditures revised up to 3.4% the best gain since Q4 2010.

Joblessness on the rise: Initial Jobless claims rose 10k to 354K. The 4 week avg. is now up 6750K to 347,250.

Pending Home Sales.. rose 0.3% to highest level in 3 years however, they missed expectations. Coming in the strongest in sales the  Northeast while the West was the weakest.

Dish makes a play.. Dish is makin a play for Clearwire launching a tender offer for $4.40 a share, for the broadband company. Dish’s bid is well above Sprint’s $3.40 and complicates Sprint’s dream of US market diminution.

Contemplating… Sony announced it is working with both Morgan Stanley and Citi as they consider spinning off the entertainment unit this after an activist investor suggested the idea.

Too Much Demand.. Surging demand in the US for Subaru vehicles should be a good thing right? Not necessarily, high demand could lead to dealer shortages because of limited production capacity at the automakers plants. Year over Year sales leaped 25% in April and 17% in the first four months of 2013.

In The Markets:

Asia: Following in the footsteps in the US, Asian stocks closed mixed Friday. The Nikkei continued it string of volatility, recovering some of the triple digit losses it suffered yesterday.

Nikkei: +185.51 13774.54 Hang Seng -92.12 22,392.10 Shanghai -17.1541 2300.59

Europe: European stock markets tumbled deep into the red. Fueling the tumble investors taking profits on the final day of the month and the continued climbing the wall of Federal Reserve taper worry.

US: US markets closed on a positive note despite paring back on early session gains. Investors seemed to shrug off weaker jobless claims and a downward revision of the GDP, instead betting worse economic news will wort off the Fed’s taper talk. Dow +21.80 15324.60 Nasdaq: +23.78 3491.30 S&9: +6.06 1654.42

In Dinner or Drink:

Today we choose a drink for all global markets to enjoy as they climb the wall of worry about the Fed tapering off QE3.

Western Wall Banger

Pour tequila and orange juice into  Collins glass filled with ice cubes and stir. Float Galliano on top.
For more excellent drink recipes click here.


May 30



In News:

Burnin a Hole in My Pocket: Warren Buffet’s Bershire Hathaway announced it will buy NV Energy for $5.6 Billion in Cash. The buyout will help him spend some of the $49.1 Billion cash the company has stock piled. The move also helps Berkershire Hathaway expand futher into Nevada and futher into capital intensve business.

Pork for Sale: Shanghui International Holdings has agreed to buy Smithfield Foods, famous for it’s ham’s, for $4.7 Billion or $34 per share. The deal will help Shuanghui, China’s largest pork producer, boost it’s supply to the top consuming pork eaters in the world. Obviously the Justice Department may have a few words about the potential deal.  Buddy you better not change my Paula’s Deen Spiral Glazed Ham !!

Cheap Apple: Rumors are flying after a story in the DigiTimes says Apple will intoroduce a revised iPhone 5 and a low cost models similar to the iPhone 4S in Q3.  Guess we will all have to stay tune to as apple turns for more details.

Pay up: Nasdaq (yep the trading excahnge) has agreed to pay a $10 Million fine for poor systems and decision making during the Facebook IPO debacle last year. The fine is the biggest ever assessed against a trading exchange by the SEC (Securities Exchange Commision).

My New Little Brother: We present too you the Galaxy S4 mini, smaller version to proud big brother the Galaxy S4. Samsung unvieled it’s newest addtion yesterday. The mini has a slightly larger screen than the iphone and will have an 8 mega-pixel cameria. Sorry” gotta have the latest and greatest” fans no launch date or pricing was mention.

I’ll Beat You Might Little Pretty.. Dish increased it’s offer to buy Clearwire to $4.40 a share. The increase trumped Sprints revised $3.40 a share bid making some wonder could Dish have a back up plan if the Sprint deal falls through.. hmmmm

In Markets:

Asia: Asian markets tanked after a tepid hand off from the previous global stock markets Europe and the US. Fears of what a world without  US QE caused investors to start to climb the wall of worry. Nikkei: -737.43 13589.03   Hang Seng: -70.62 22484.18  Shanghai -6.26 2317.74

Euorpe: European markets declined in their trading session after the Organization for Economic Cooperation and Development lowered their output forecast for the Eurozone from 0.1% to 0.6% this year.

US: US markets took a dip downward in their Wedsenday trading session. The lack of ecconmic data gave investors a chance to start contemplating wherther the fed will stop or dial down their asset purchases (aka QE) after a string of upbeat economic reports like the housing and consumer cofidence numbers from yesterday. Let the taper talk game begin. DJIA: -106.59  15302.80  Nasdaq: -21.37  3467.51  S&P: -11.70  1648.38

In Dinner or Drink:

Today we pick Dinner. One of my favorite southern dinners…

Cola Basted Ham

1 (18-pound) cured ham

2 (12-ounce) cans cola

Canned pineapple rings

Brown sugar

Maraschino cherries



Preheat the oven to 325 degrees F.

Place ham in a shallow roasting pan. Baste the ham with cola. With toothpicks, stick some pineapple rings on the ham, about 4 or 5 rings. Sprinkle some brown sugar on the rings. With toothpicks, place a cherry in each pineapple ring hole and then stick some cloves in the rings. Cover it with foil. Bake for 15 to 18 minutes per pound of ham, or until the ham reaches an internal temperature of 140 degrees F. Baste with cola about every 30 minutes during cooking.

May 29




In The News:

Hot Housing: The S&P Case- Schiller report released Monday showed housing prices rose 10.9% in March. When compared to this time last year, it was the biggest jump since April 2006. Leaders in the jump: Phoenix up 22%, San Fran 22.2%, and Las Vegas up 20.6 %.

Consumers riding high: Consumer Confidence Index rose to the highest level in more than 5 years coming in at 76.2 in May vs. April’s 68.1.

Eye-to-Eye: Bausch & Loab, maker of contacts, glass, and eye solutions, is being bought by a Canadian Drug maker for 8.7 billion in cash.

Government Trimming: The UK government agencies will cut up to 10% off its budget in order to shrink its rising deficit. To the delight of the nation’s health service which was spared in the cuts.

Second Try: The second estimate for Q1 US GDP came in less than expected. The first estimate of 2.5% was revised downward to 2.4%. Most economists had predicted the second estimate to come in equal with the first estimate. The good news is the number is a darn good one showing the US economy really is growing.

In Markets:

Asia: Asian markets were mixed as investors started to contemplate what a stronger US dollar higher yield rate on bonds environment will history repeat itself and Asian markets start to underperformed.

Europe: European markets ran in the green as markets on both sides of the pond opened after the holdiay weekend. Investor belief the bulls had more room to run help moved the markets into solid green.

US: US markets were all in the green on Monday as investors and Wall Street basked in the glory of several positive economic reports. The Dow opened in triple digits, at one time hitting over 200 hundred points; however it closed around 100 as profits were taken.

DJIA: 15409.39 +106.29, Nasdaq 3488.89 +29.74, S&P 500 1660.08 +10.48

In Dinner or Drink: We choose a drink to help celebrate San Fran’s red hot housing market.

San Francisco Cocktail:

3/4 oz sweet vermouth

3/4 oz. dry vermouth

3/4 oz. sloe gin

1 dash orange bitters

1 dash bitters

1 cherry

Shake all ingredients (except cherry) with ice and strain into a cocktail glass. Add the cherry on top and serve.

For more check out: San Francisco Cocktail recipe


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