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Jul 29

News:

Fries with that….?

Chipotle (CMG), announced Thursday it will launch a new burger chain called Tasty Made. The company still struggling to win back customers after its E-coli scare, will open its first Tasty Made location this fall in Lancaster Ohio. The menu will be limited to burgers, fries, and milkshakes. The restraint chain, known for its burrito’s, has already launched an Asian food concept called ShopHouse, which currently has 15 locations and a pizza concept called, Pizzeria Local, which lists five locations. On top of launching its new burger chain, Chipotle also plans on opening between 220 and 235 new restaurants this year.

Know Your Alphabet

Alphabet Inc., parent company of Google, announced quarterly profits for the second quarter soared 24%. Continued growth in sales revenue as companies bought more ads on its search engine and other produces, while users in turn increased their clinks on ads. Revenue for the company rose 21% to $21.5 billion in the second quarter, beating analyst estimates of $20.76 a share. The rise in smartphones has made pocket size internet available to more than a billion people world-wide, leading to a surge in internet use and a higher demand for mobile advertising. As consumers use companies such as Google or Facebook’s popular free services more, both companies have increased ads sales to companies trying to reach users.

Markets:

Asia: Asian stocks close the week lower after investors were disappointed by the Bank of Japan’s stimulus program.

Europe: European markets closed lower on Thursday as the banking sector continued to take a hit.

U.S: U.S. markets closed mostly flat as investors seem to be taking a break. DJIA: -15.82 18,456.35 NASDAQ: +15.17 5,154.98 S&P+3.48 2,170.06

Word of The Day:

Quantitative Trading

A trading strategy based on quantitative analysis, which relies on mathematical computations and number crunching to identify trading opportunities. Generally used by financial institutions and hedge funds where the transactions are usually large in size involving the sale of hundreds of thousands of shares.

Dinner or Drink:

Mellon-Berry Mist

  • 1 part Midori® Melon Liqueur
  • 1 part Pinnacle® Original Vodka
  • 1 part Cranberry Juice
  • 3 – 4 Strawberries
  • 1 Cucumber

Muddle a few strawberries and two thick round slices of cucumber well, add the remaining ingredients and shake with ice. Double strain into a chilled cocktail glass and garnish with a strawberry and cucumber wheel.

Like our drink, click here for more.

Have a safe and wonderful weekend, Ya’ll!

Jul 28

News:

September….

On Wednesday, the Federal Reserve concluded its two day meeting and opened the door for a possible interest-rate increase as early as September. For months Fed officials have been fretting about a range of risks- including slow U.S economic growth during the first quarter, sluggish hiring in May, Brexit, and economic uncertainty in China. In a statement released after the meeting, officials now appear to be growing more confident even hinting they may start to raise rates. For now the Fed members decided to keep interest rates unchanged.

Like

On Wednesday, Facebook reported earnings that topped the billion dollar mark in quarterly profits for the first time ever. New users and the ad dollar that follow them surged in the second quarter for the social media giant. In the past year Facebook has added 220 million monthly active users in the past year, bringing the total number of users to 1.71 billion users. More than 90% of users now access Facebook on their media device and Facebook rakes in the mobile advertising dollars. Revenue from mobile ads alone jumped 80% in the second quarter. Facebook banner results drove the company’s share price to new highs and earned it the crown of the fourth most valuable listed companies.

Markets:

Asia: Asian markets closed mixed on Thursday after investors await the outcome of the Bank of Japan’s two-day policy meeting.

Europe: European stocks closed slightly higher Wednesday as investors waited for the latest monetary policy decision from the U.S Federal Reserve while receiving better than expected economic data from the U.K.

U.S: U.S shares closed flat on Wednesday after the Federal Reserve decided to keep rates unchanged. DJIA: -1.58 18,472.17 NASDAQ: +29.76 5,139.81 S&P: -2.60 2,166.58

Word of The Day:

The Federal Reserve System (also known as the Federal Reserve or the Fed)

The Federal Reserve is the US’s Central Bank. It was created on December 23, 1913, as a response to a series of financial panics. The System consists of a seven member Board of Governors based in Washington, D.C., and twelve Reserve Banks located in major cities throughout the US. The members of the board and the twelve Reserve Banks meet monthly to determine the country’s monetary policy.

Dinner or Drink:

July Passion

1 oz. strawberry liqueur
1 oz. passion-fruit juice
1 oz. pineapple juice
1 oz. lemonade

Shake and strain into an old-fashioned glass three-quarters filled with broken ice. Add lemonade, garnish with a sugar-dipped strawberry, and serve.

Jul 27

News:

More, Please

Beer giant Anheuser-Busch InBev NV raised its offer for SABMiller PLC in their proposed $100 billion-plus beer megamerger in attempt to calm concerns over the valuation of the deal after the British pound’s steep descent after the Brexit vote. The Belgian-based company raised its cash offer to £45 ($59.10) a share, from £44 a share, to appease shareholders of London-based SABMiller who have watched the value of the offer fall along with pound. The new offer comes after both companies spent months jumping through hoops to gain regulatory approval for the megamerger around the world, including selling big chucks of their business in the process. The merger still has a tough road ahead of it as it still needs regulatory approval from China and shareholders of both companies.

Sold

The Netflix of China, LeEco, has agreed to purchase Southern California TV manufacturer, Vizio, for $2 billion in cash. Under the deal, Vizio’s hardware and software business will continue to operate just as it does today. The company’s management team will remain in place and the Irvine headquarters, which will become a subsidiary of LeEco under the deal, will continue to sell its products through its existing distribution channels. Vizio’s data business, Inscape, will spin off into its own separate company with Vizio founder and CEO William Wang taking the helm. Wang will retain 51 percent of the new company and LeEco will own the rest. The acquisition will help Vizio gain a footprint outside the United States, Canada, and Mexico. For LeEco, the deal will bring a user base for its content. LeEco currently offers a streaming service as well as manufacturing smart TVs, phones and stream services in China.

Markets:

Asia: Asian shares closed mostly lower on Wednesday, after China announced its stimulus package.

Europe: European stocks closed slightly higher on Tuesday as all eyes are on Wednesday’s Federal Reserve meeting.

U.S: U.S markets closed flat on Tuesday as investors wait for Wednesday’s Federal Reserve meeting decision. DJIA: -19.31 18,473.75 S&P: +.70 2,169.18 NASDAQ: +12.42 5,110.05

Word of The Day:

Portfolio

The collection of stocks, bonds, cash, mutual funds, ETFs, and other investments that an investor owns.

Dinner or Drink:

Brass Buck

  • 1 1/2 parts Jim Beam® Honey Bourbon Whiskey
  • Soda Water
  • 1/2 part DeKuyper® Lemon Drop Shots
  • A pinch of Cinnamon, Ground

Pour in Jim Beam® Honey and fill glass halfway with ice, then pour in lemon cordial and soda water.  Garnish with a pinch of cinnamon.

Like our drink today, click here for more.

Jul 25

News:

Yahoo….

Verizon communications has agreed to pay $4.8 billion to acquire Yahoo ending the long drawn out auction process for the beleaguered Internet Company. The price tag includes Yahoo’s core internet business, some real estate, and most importantly the addition of another piece to Verizon’s digital media and advertising empire. For Yahoo the ride has gone from flying high, with a market capitalization of more the $125 billion at the height the tech boom, to the low’s as the stock has lost more than half its price in the decade that followed. The Verizon deal was just the first step towards Yahoo’s exit from the world. Next stop will the auctioning of over 3,000 patents which is expected to fetch more than $1 billion.

These Shoes Were Made For Walking

For only the second time in thirty years, luxury giant LVMH Moet Hennessy Louis Vuitton is selling a fashion brand. On Monday, the company announced it will sell Donna Karan International to G-III Apparel Group or $650 million. The sale marks the end of a bumpy relationship between the Donna Karan brand and LVMH and is seen by most analyst as a failure for the company. G-III Apparel Group, an American manufacturing and licensing company, already owns Andrew Marc, Bass, Vilebrequin, and holds the licenses for Ivanka Trump, Calvin Klein, and Tommy Hilfiger.

Markets:

Asia: Asian markets closed mostly higher on Monday, as investors eye this week’s central bank meetings in the U.S. and Japan.

Europe: European markets lost ground after economic data, the first after the Brexit vote, came in unexpectedly weak for the U.K. while strong for the euro zone.

U.S: U.S. Stocks closed slightly higher on Friday, after a positive manufacturing reading. DJIA +53.62 18570. 85 NASDAQ: +26.26 5100.16 S&P + 9.86 2175. 03

 Word of the Day:

Dove

A political adviser, who promotes monetary policies that believes low interest rates increase employment.

Dinner or Drink:

Grand Fashion

1 tsp sugar
1 cherry
1 orange
ice
Bacardi® white rum
red wine

Muddle a teaspoon of sugar, cherry and orange in a chilled martini glass. Add ice, Bacardi barrel aged rum, and rouge aperitif wine. Shake well. Garnish with a blood orange wheel.

Jul 22

News:

Goodbye…..

Fox News CEO, Roger Ailes, resigned on Thursday, just weeks after former Fox anchor Gretchen Carlson filed a sexual harassment law suit against the news channel. Ailes was responsible for the creation of the Fox News Network and its star lineup of conservative voices. Under his leadership the cable channel has dominated its TV rivals for more than a decade and became a cash cow for the channels parent company 21 Century Fox. Ailes will receive an exit package worth more than $40 million and will become a consultant for Rupert Murdoch. Effective immediately Rupert Murdoch will take over as head of Fox News.

Can I get some Luv…?

Shares of Southwest Airlines tumbled on Thursday after the company’s quarterly results slightly missed analyst estimates and the company continues to deal with issues caused from Wednesday’s ground stop. Southwest’s quarterly profit rose 35 percent to an all-time high for the quarter as fuel cost fell however, the company earned $1.19 a shares which was 2 cents below analyst estimates. The earnings announcement came a day after a system wide computer outage forced the airline to cancel hundreds of flights while it worked to resolve issues impacting multiple technology systems. Share of Southwest closed lower $4.21 to $37.32 in Thursday trading.

Markets:

Asia: Asian markets closed out the week down as a stronger yen wreaked havoc on export stocks.

Europe: European shares retreated as weaker airline profits offset the news the ECB would hold rates steady for now.

U.S: U.S. Stocks finished lower breaking the Dow Jones winning streak after lower Oil and Intel earnings weighted heavy on the markets. DJIA: -77.80 18,517.23 S&P: +7.85 2,165.17 NASDAQ: -16.03 5,073.90

Word of The Day:

Joint Venture (JV)

An agreement between two or more parties, to pool their resources for the purpose of accomplishing a specific business activity.

Dinner or Drink:

Friday Freeze

4 scoops orange sherbet
1 cup orange juice
1/2 cup vodka
1/4 cup rum

Blend all ingredients in blender at highest speed. Consistency of the mix should be “semi – thick:” not so thick that a spoon would stand by itself in the mix, but not as thin as juice. If the mix is too thin, add sherbet, if too thick, add equal amount of juice and alcohol. Pour into glass and place in freezer for 15 minutes.

Have a safe and wonderful weekend, Ya’ll!

 

 

Jul 21

News:

The New Guy.

One of the world’s biggest asset manager, Pacific Investment Management or PIMCO, is getting a new captain. On Wednesday, the company surprised the investing world when it announced it would replace its chief executive after two years on the job, the move comes as the California money manager grapples with sweeping changes to its industry. PIMCO named, former Goldman Sachs Group banker, Manny Roman as it’s third new CEO in less than three years. PIMCO specializes in bond funds and at one time was the top bond fund money manager however, investors pulled millions out of the fund following the abrupt 2014 departures of co-founder Bill Gross aka the Bond King for his long record off returns and former CEO Mohamed El-Erian. Mr. Roman will have his work cut out for him as he tries to curtail the continued outflows from PIMCO’s flagship bond fund while establishing a mix of businesses that can withstand investors growing preference for lower-cost products.

Nice and Smooth

European consumer products giant, Unilever, announced they are buying Dollar Shave Club, expanding the company’s footprint in the growing market for male grooming products and sharpening its rivalry with Procter & Gamble.  The surprise moves by the maker of AXE body spray and Dove soap, shows how e-commerce is disrupting the market for consumer packaged goods. Terms of the deal were not available however, many value the deal to be around $1 billion in cash. Dollar Shave Club, a startup based California, has signed up 3.2 million members for its mail-order service which ships out disposable razors and other grooming products for a flat monthly fee. Unilever makes consumer products like Dove and Axe body sprays.

Markets:

Asia:  Asian markets closed higher on Thursday after reports Japan’s new stimulus plan will be larger than expected.

Europe: European markets closed higher on Wednesday as a slew of positive earnings boosted investor confidence.

U.S: U.S shares closed higher on Wednesday as a string of encouraging data had investors feeling warm and fuzzy. DJIA: +36.02 18,595.03 NASDAQ: +53.56 5,089.93 S&P: +9.24 2,173.02

Word of The Day:

After-hours trading

Trading of securities electronically after the major exchanges have closed for the day.

Dinner or Drink:

AJ Summer Drink

3 oz. Grey Goose® vodka
1/2 Oz fresh lemon juice
1/2 oz. triple sec
7 fresh mint sprigs
1 oz. simple syrup

 

Take a martini shaker add mint leaves & ice Muddle break down the mint too much. Then add Grey Goose vodka, fresh lemon juice, triple sec, simple syrup now add more ice cube. Shake all ingredients together and strain into a chilled cocktail glass. Enjoy

Like the drink named for our favorite mascot, click here for more.

Jul 19

News:

Here’s A Twenty

Federal prosecutor announced it is once again looking into car maker Fiat Chrysler. This time the investigation centers around allegation Fiat Chrysler violated securities laws by having dealers falsely report sales, inflating the company’s numbers. In a lawsuit filed in January, an Illinois- based dealership group alleges competing dealers were given thousands of dollars to report false sales. According to the group Fiat Chrysler executives offered the dealership group $20,000 to report the sales of 40 new vehicle pumping up the bottom line and giving a false sense of auto sales for the company. Fiat Chrysler is denies the allegations and is cooperating with the SEC in their investigation. The company also received a similar inquiry for the Justice Department.

See ya….

Shares of streaming service Netflix plummeted in after hour trading Monday after the company reported substantially less subscriber than it or Wall Street expected between April and June. Netflix added around 1.7 million subscribers globally including just 160,000 in the United States. Growth was, the lowest the company has seen for two years. Most analyst blame the U.S. consumer distain for the higher monthly prices the company rolled out. Cancelled subscription increased as Netflix instituted a planned $2 increase in its monthly subscription fee. The company had maintained the $7.99 subscription fee for current customers for two years while charging new customers $9.99. The slower subscription numbers overshadowed what had been a good earnings report for the company. The company reported earnings per share of 9 cents beating analyst estimates of 2 cents and net income rose 58% to $41 million.

Markets:

Asia: Asian markets close mixed on Friday after shares of Softbank tumbled after its bid for British chip maker ARM.

Europe: European markets closed down on Monday as geopolitical events in the region had investor worried.

U.S: U.S stocks closed higher as Bank of America’s quarterly results helped boost investor confidence. DJIA: +16.50 18,533.05 NASDAQ: +26.20 6,055.78 S&P: +5.15 2,166.89

Word of The Day:

Convertible Bond

A bond that can be converted into a predetermined amount of the company’s stock at a certain time during the life of the bond, usually at the discretion of the bondholder.

Dinner or Drink:

Cheater

2 oz. vodka
1 oz. Sour Puss
1 oz. Sprite® soda
1/2 oz. grenadine syrup
4-5 oz. orange juice
ice cubes

Mix all the ingredients except for the grenadine in a glass … stir … then had the grenadine (used for decoration purpose) it’ll make a red ring at the bottom of the glass … looks nice

Like our drink today, click here for more.

Jul 18

News:

Chips For Sale….

Japanese telecommunications giant, Softbank Group, is buying U.K. – based chip designer ARM Holdings for more than $32 billion. The all-cash deal comes just a month after Chief Executive Masayoshi Son’s decision to take back the reins of the company’s investment strategy after his former deputy and designated successor, Nikesh Arora, resigned in June. ARM, based in Cambridge, U.K., microchip designs dominates the global processor market for smartphones including Apple’s iPhone. The company also boasts a strong portfolio of intellectual property for chips connecting mobile devices. Softbank looks at the deal as a “very significant” way to capture opportunities provided by the ‘Internet of Things’, calling the deal on of the most important acquisitions made by the company.

Drop

Activist investor, Barington Capital Group, announced Friday, it will drop its bit for board seats at Chico’s FAS. Barington, who is taking credit for changes at the women’s retail after it lauched its proxy fight, decided to give recently appointed CEO, Shelly Broader, a chance to drive growth into the struggling retailer. Chico recently announced $65 million in cost cutting savings and the replacement of two of its board members. On Friday, the company said it believes things are back on the right track.  Baring ton would still like to see the company decentralize its large company infrastructure further cutting expenses and improving executive compensation practices. Shares of Chico closed higher in Friday’s trading session.

Markets:

Asia: Asian markets traded mostly higher on Monday ahead of a relatively light data week in the region.

Europe: European markets closed lower on Friday after Thursday night’s terrorist attack.

U.S: U.S. markets closed flat on Friday as markets and investors seemed to be having a Summer Friday. DJIA: +10.14 18516.55 NASDAQ: -4.47 5029.59 S&P: -2.01 2161.74

Word of The Day:

Asset Classes

A group of securities that have similar characteristics, behave similarly in the markets, and are subject to the same laws and regulations. The three main asset classes are equities (stocks), fixed-income (bonds), and cash equivalents (money market instruments).

Dinner or Drink:

Chip Shot

1 oz. Tuaca® citrus liqueur
1 oz. Bailey’s® Irish cream
1 Oz hot coffee

Add the Tuaca citrus liqueur and Bailey’s Irish cream to a small rocks glass. Splash hot coffee on top, and serve.

 

 

Jul 15

News:

Muffin, please

Coffee giant, Starbucks (SBUX), will invested in the high-end bakery Princi with its eyes on expanding the Italian café while step up the quality of food at the Seattle chains’ Reserve locations. Princi has five cafes located in London and Milan and has been in business for 30 years. Prinic’s breads and other delicious treats will be offered at the new Starbucks Reserve Roastery and Tasting Rooms in Shanghai and New York which will open in the next two years along with its current Reserve-only stores starting next year.

We All Scream For….

In celebration of National Ice Cream Day, which falls on Sunday this year, Uber will partner up with frozen dessert maker Magnum to deliver ice cream bars to more than 400 cities in 69 countries. To take advantage of the special delivery user simply open their Uber app, set their location, and click on the promotion—the ice cream tab. Pricing will vary, thought Uber expects the most common delivery will include four Magnum bars for $10. Uber will be accepting orders from 11:00 am to 3:00pm. Delivery methods will depend on the city you are located in. If you are in San Francisco your delivery will arrive via cable car, Mexico City it will arrive by hoverboard, or Dallas where you will need to be on the lookout for a carriage pulled by a horse dressed up as a unicorn.

Markets:

Asia: Asian markets closed mostly higher on Friday as China saw growth in the second quarter.

Europe: European stocks closed higher on Thursday after the Bank of England surprised the markets by holding rates instead of cutting interest rates.

U.S: U.S shares closed higher on Thursday as earnings season kicked into full gear. DJIA: +134.29 18,506.41 NASDAQ: +28.33 5,034.06 S&P: +11.32 2,163.75

Word of The Day:

Quick Ratio

An indicator of a company’s short-term liquidity. The quick ratio measures a company’s ability to use its most liquid assets to meet its short-term obligations.

Dinner or Drink

Butterscotch Ice Cream

1 oz. butterscotch schnapps
1/2 oz. Frangelico® hazelnut liqueur
1 oz. Kahlua® coffee liqueur
1 oz. hazelnut liqueur
1 oz. Irish cream
8 oz. milk

Stir all ingredients together in a highball glass, using ice cold milk and/or several ice cubes.

Like our drink, click here for more.

Have a safe and wonderful weekend, Ya’ll!

 

Jul 13

News:

Cup of Joe…

Coffee giant, Starbucks (SBUX) announced it will slightly increase the prices of its brewed coffee, expresso, and tea latte beverages. The Seattle-based coffee chain will raise the prices of select sizes of brewed coffee 10 to 20 cents, while prices on expresso and tea latte beverages will increase 10 to 30 cents. In a statement the company said pricing in stores is “continually evaluated on a product-by-product and market-by-market basis in order to balance business needs.” The price increased comes a day after Starbucks announced it would boost the base pay of all employees and store manages by 5 percent or more.

Bigger…

Movie giant AMC Entertainment will purchase Europe’s biggest theater chain in a deal valued at $1.2 billion including debt. The purchase will make AMC the world’s largest cinema operator. AMC, based in Kansas, announced Tuesday it will acquire London-based Odeon & UCI Cinemas Group from a private equity firm, boosting sales overseas. Odean & UCI operate 242 theaters, totaling 2,236 screens which will increase AMC from 5,380 to more than 7,600 screens. The deal comes only months after AMC agreed to buy Carmike Cinemas for $30 a share in a deal valued at $1.1 billion.

Markets:

Asia: Asian markets closed higher on Wednesday, after Tuesday’s record setting close on Wall Street.

Europe: European shares closed higher on Tuesday as uncertainty over the U.K. future diminished.

U.S: U.S. stocks closed higher, with the Dow Jones and S&P hitting record close, as fears eased over Brexit and Japan signaled more economic stimulus is on its way. DJIA: +120.74 18,847.67 NASDAQ: +34.18 5,022.82 S&P: +14.98 2,152.14

Word of The Day:

Moving Average

An indicator which shows the average value of a security’s price over a specific time period. Moving Average (MA) are frequently used in technical analysis of the markets.

Dinner or Drink:

Celebration

2 1/2 parts gold rum
1 part brandy
1 part triple sec
1 part lemon juice
5 drops orange bitters

 

In a cocktail shaker add ingredients and fill with ice. Shake with gusto for half a minute, and pour/strain into a cocktail glass. Garnish with lemon peel, or lime peel if you use fresh lime juice.

Jul 12

News:

You’re in Trouble

Electric car maker Tesla Motors is under investigation by the Securities and Exchange Commission for a potential breach in securities law. According to The Wall Street Journal, the investigation is in its early stage and comes after Tesla failed to notify investors of a fatal crash involving the companies Autopilot function. The May 7 crash involved a tractor trailer driving across a divided highway where a Tesla Model S was driving killing the driver, Joshua Brown.  On May 18, Tesla offered $2 billion additional shares of Tesla stock however, the accident was never disclosed to investors instead the Department of Highway safety was the first to announce the crash. A spokesman for Tesla denies the company has received any communication from the SEC.

Sold….

Mixed martial arts league, UFC, is changing ownership in a $4 billion sale. The league was originally started by two brothers, casino operators Lorenzo and Frank Fertitta. UFC has now become one of the largest and most successful mixed martial arts league. The sport combines different types of fighting like boxing, wrestling, and martial arts. A group led by talent agency WME-IMG, included private equity firms Silver Lake, Kohlberg Kravis Roberts (KKR), and Michael Dell’s private investment firm. The Fertitta brothers will retain a minority stake in the company.

Markets:

Asia: Asian shares soared on Tuesday after Japan’s Abe promises bold new stimulus.

Europe:  European markets closed higher after the S&P hit an intraday record high.

U.S: U.S. markets started their week of on a green note despite earning season starting after market close and lower oil prices. DJIA: +79.20 18225.94 S&P: +7.17 2137.07 NASDAQ: +31.88 4988.64

Word of The Day:

Put Option

An option contract giving the owner the right, but not the obligation, to sell a specified amount of an underling security at a specified price and time.

Dinner or Drink:

Fight Club

1 oz. Midori® melon liqueur
1 oz. Stolichnaya® vanilla vodka
2 slices lemons
cranberry juice

Fill hurricane glass with ice, place lemon slices. Add midori and vanilla vodka. Top with cranberry juice.

Like our drink today, click here for more.

 

 

Jul 11

News:

Private Eyes

Facebook announced Friday it has begun offering some users of its Messenger texting app the option of encrypting their messages. The social media giant is allowing a small percentage of its messenger app users to use end to end encryption technology. Earlier this year Facebook introduced end-to-end encryption on its WhatsApp. In addition to WhatsApp and Messenger, several other services also provide end-to-end technology including Apples iMessage, and Alphabet’s Allo and Viber. Facebook’s encryption move comes amid public debate weighing privacy against the concerns of law enforcement.

Free

Just hours before Amazon’s second Prime Day event, Walmart is raising the stakes. Wal-Mart announced it will eliminate its $50 minimum spending requirements for shoppers to receive free shipping on their online purchases.  The discount retailer also slashed prices on a handful of products, including offering a Samsung 55-inch 4K TV for half its regular price. Wal-Mart’s battle plan to combat Prime Day started back in June when it begun offering a free 30-day trial of its Shipping Pass. The annual subscription service gives shoppers free unlimited two-day shipping for $49, compared to $99 for a prime membership.  According to Wal-Mart the number of daily sign-ups for Shipping Pass have more than quadrupled since it announced the new promotion.

Markets:

Asia: Asian market closed higher on Monday after elections in Japan and Friday’s jobs report.

Europe: European stocks closed higher for the second consecutive day as investors liked what they heard in the U.S. jobs report.

U.S: U.S. stocks soared on Friday, erasing all the losses from Brexit, as investors cheered the jobs numbers. DJIA: +250.86 18,146.74 S&P: +32.00 2,129.90 NASDAQ: +79.95 4,956.78

Word of The Day:

Annuity

A contractual financial product sold by financial institutions, designed to accept and grow funds then, upon annuitization, pay out a stream of payments to the individual at a later period in time.

Dinner or Drink:

Absolut Summertime

1 1/2 oz. Absolut® Citron vodka
3/4 oz. sweet and sour mix
1/2 oz. Sprite® soda
3 oz. soda water
1 slice lemon

 

Add all ingredients except lemon to shaker filled with ice. Cover and shake vigorously. Strain contents into ice filled Collins glass. Garnish with lemon. Shaking and straining the drink makes it frothy. This drink is also good when you need to ‘wet your whistle’. A good first drink of the afternoon or evening.

 

Jul 8

News:

Now Hiring

On Friday, the Department of Labor released their monthly jobs reports. According to the report the economy added 287,000 jobs in June and the unemployment rate is at 4.9%. The jobs number beats analyst expectations of 175,000.

Worse Than We Thought

Fast food chain, Wendy’s (WEN) announced hackers were able to steal credit and debit card information at 1,025 of its U.S restraint, far worse than originally thought. Hackers were able to obtain credit card numbers, names, expirations dates, and codes on the cards, beginning in late fall. Some customers have reported their cards being used to make fraudulent purchases at other stores. The Dublin, Ohio Company first announced the possible hack in January. In May, the company announced it had detected malware in fewer than 300 restaurants however, after further investigation the company concluded the issue effected many more of the chain’s stores. Wendy’s encourages customers to check their accounts for any fraudulent activity.

Markets:

Asia: Asian markets closed out their week lower as oil prices declined and investors remain caution ahead of Friday’s important U.S. June non-farm payrolls report.

Europe: European stocks posted solid gains on Thursday, as investors shook off lower oil and turned their attention to Friday’s jobs report.

U.S: U.S. shares closed mostly down on Thursday as investors wait for Friday’s jobs data and its possible effects on interest rate hikes. DJIA: -22.74 17895.88 S&P: -1.83 2097.90 NASDAQ: +17.65 4876.81

Word of The Day:

Transatlantic Trade and Investment Partnership (TTIP)

A purposed comprehensive trade deal between the European Union and the United States aimed at promoting trade and boosting economic growth.

Dinner or Drink:

Blue Brew

1/2 oz. vodka
1/2 oz. triple sec
1/2 oz. Maui® tropical schnapps
1/2 oz. Maui® Blue Hawaiian schnapps
1/2 oz. Blue Curacao liqueur
1/2 oz. rum
1/2 oz. banana liqueur
1/2 – 1 oz. sweet and sour mix
3 – 4 oz. Sprite® soda

Fill glass with ice and add liquor.

Add sweet and sour to just over half and then finish filling with Sprite. May also be blended slightly to change it up. This recipe can be made as punch by using a bottle of each and then fill with sweet n sour to just over half and Sprite.

 

Jul 7

News:

Holding Pattern

The Federal Reserve released the minutes of their June meeting on Wednesday. According to the minutes the committee is in a holding pattern headed towards this month’s policy meeting. At the June 14-15 meeting, Fed officials generally agreed it was prudent to wait and see for additional data concerning global events, like the June 23 Brexit vote, before considering their next rate hike.  At the June meeting officials debated over their outlook for growth, the health of the overall labor market, and questioned if inflation is picking up. Officials left June’s meeting with a plan to keep options open allowing flexibility to move rates higher if the economy strengthens and remains safe from new shocks.

Now Hiring

On Thursday, payroll giant ADP released its monthly jobs numbers. According to the report the private sector added  172,000  jobs. Next stop on the monthly jobs train, tomorrow’s Non-Farm Payroll. Analyst are paying especially close attention this month to see if last month’s dismal report was a fluke or the start of something more.

Got Milk….

French diary company, Danone SA, has agreed to buy U.S organic- food maker WhiteWave Foods for $10 billion. WhiteWave products include Horizon Organic milk, Wallaby Organic yogurt, and Earthbound Farm packaged salad. The deal would almost double the company’s North American revenue and give Danone a bigger stake in the fast-growing plant-based dairy alternatives market. Shareholders of WhiteWave will received $56.25 in cash for each share they own of the company. The deal comes 18 months after Danone’s new Chief Executive Emmanuel Faber vowed to return the company to sustainable growth. Faber has already overhauled the company’s fresh-dairy unit and restructured its China business. Investors like the idea sending shares of Danone up 6% in early trading.

Markets:

Asia: Asian markets closed mostly lower on Thursday despite a positive hand off from Wall Street, higher oil prices, and dovish comments from the Federal Reserve.

Europe: European stocks finished sharply lower on Wednesday as political and economic uncertainty continue.

U.S: U.S. shares closed higher on Wednesday lead by sectors, like biotech, which had been beaten down last month. DJIA: +78.00 17,918.62 S&P: +11.18 2,099.73 NASDAQ: +35.26 4,859.16

Word of The Day:

Exchange Traded Funds (ETF)

A security that tracks an index, a commodity or a basket of assets like an index fund, however it trades like a stock on an exchange. ETFs experience price changes throughout the day as they are bought and sold just like their BFF, stocks.

Dinner or Drink:

Bourbon Milk Punch

2 oz. bourbon whiskey
3 oz. half-and-half
1 tsp superfine sugar
1/4 tsp vanilla extract
1/4 tsp. grated nutmeg

In a shaker half-filled with ice cubes, combine the bourbon, half-and-half, sugar, and vanilla extract. Shake well. Strain into a highball glass and garnish with the nutmeg.

 

Jul 6

News:

Smart….

There is nothing more frustrating than coming home to a “delivery attempt” notice on your door, and having to wait an extra day for the UPS (UPS) driver to deliver your new shoes or the latest gadget. Never fear…. UPS has come up with a solution, the smart locker program. The program, which originally was rolled out in 2014, will expand starting next month to Illinois, New York, Pennsylvania, Virginia and Washington State. UPS also has plans to add California, Florida, Georgia, Massachusetts, Missouri, New Hampshire, New Jersey and Texas to the program this year. Smart lockers will be located outside convenience stores and are accessible to customers 24 hours a day, fitting into shoppers schedules. If a customer is not home the UPS driver will leave a delivery notice telling them where their nearest Access Point locker is located. The customer can then unlock the locker using the code provided on the notice. The new program will help UPS cut down on delivery times, resulting in lower gas and labor costs.

Pure Sweetness

Almost four years after seeking bankruptcy protection, Hostess Brands, is being sold to Gores Holdings (GRSH), an acquisitions company run by the private equity firm, Gores Holdings, for $375 million in cash. Later this year, after the deal had closed, Gores Holdings will change its name to Hostess Brands and its stock will trade under a new ticker symbol. All will be right in the world, as once again investors can have their cake and eat it too…

Markets:

Asia: Asian markets closed lower on Wednesday, as investors continued to sell out of risky equities and ran toward safe haven bonds.

Europe: European markets closed lower for a second straight session as investors run towards the safety of bonds and away from stocks in the Brexit aftermath.

U.S: U.S markets tumbled on Tuesday as lower oil prices and bond yields increased investors’ fears of the world’s economic picture.

Word of The Day:

Short Selling:

The sale of a security which is not owned by the seller, or that the seller has borrowed. Short selling is usually motivated by the speculative belief the security’s price will decline. This decline potentially enables the seller to buy the security back at a lower price and make a profit. The risk of losses on a short sales are endless therefore, it can be extremely risky.

Dinner or Drink:

Twinkie Shooter

1/2 oz. crème de bananes
1/2 oz. white crème de cacao
splash of pineapple juice
splash of milk
whipped cream

 

Pour all your ingredients into a tin with ice, except for the whip cream. Shake and strain into a shooter glass. Spray the whip cream into the center of the shooter so that it feels the middle and a little comes out of the top so it looks like an upside down Twinkie.

Read more: Twinkie Shooter recipe http://www.drinksmixer.com/drink2t0s754.html#ixzz4Dd3Cncvb

Jul 5

News:

Play it Again

Apple Inc. (AAPL) is in talks again with Jay Z to buy his music streaming service. This time the technology giant is looking to purchase Tidal, the steaming-music service run by the rap mogul. Apple is exploring the idea to help boost its Apple Music service by leveraging the service’s strong ties to popular musicians, like Madonna and Kayne West. Jay Z bought Tidal in March 2015 $56 million from Swedish Aspiro. Talks are still ongoing and may or may not produce a deal.

I Want More

Warren Buffett’s Berkshire Hathaway has applied for Federal Reserve approval to expand its stake in Wells Fargo & Co (WFC) after reaching the 10 percent threshold. In an effort to limit ties between non-financial companies and banks, the Federal Reserve requires investors to let the Fed and the public know before acquiring 10 percent ownership in any banking institution. According to the documents filed with the Federal Reserve, Berkshire hasn’t bought any additional shares since October 21 however, because of the bank’s own stock repurchase program, Berkshire’s ownership increased and hit 10%. In their application, the company disclosed it does not have plans to merge Wells Fargo with another firm or make any significant changes to its board or corporate structure.

Markets:

Asia: Asian markets closed most lowly on Tuesday, as investors wonder what the 3rd quarter will bring.

Europe: European markets closed lower on Monday, as investors remained cautious over the Brexit aftermath.

U.S: U.S. closed slightly higher on Friday as investors remained caution ahead of the long holiday weekend. DJIA: +19.38 17949.37 NASDAQ: +4.09 2102.95 NASDAQ: +19.90 4862.57

Word of The Day…

GBP

The abbreviation for the official currently of the United Kingdom, the British pound sterling.

Dinner or Drink:

Music City Sunset

1.25 oz. Bacardi® white rum
3/4 oz. triple sec
1 oz. cranberry juice
1 oz. pineapple juice
1 oz. orange juice

 

When making a “Music City Sunset ” I like to use a standard white wine glass. Fill the glass with half ice before making. Pour the alcohol in with rum first then the triple sec. Use just a splash of pineapple juice and orange juice first, which is about an oz. Once you’ve done that, then add the cranberry juice but don’t mix or shake. I like to give the appearance that the sun has settled in the clouds, and it looks like it too. Just garnish with a cherry and a couple of cocktail straws.

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