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Aug 31



On Wednesday, private payroll provider ADP released its monthly jobs report. According to the report the private sector added 177,000 jobs. Next stop, Friday’s Department of Labor NFP job report.

Curves Ahead….

Google (GOOGL) is moving into Uber’s turf launching its version of a ride-sharing service.  In May, Google began a pilot program around its California headquarters that enabled workers at specific firms to use the Waze app to connect with fellow commuters. The Waze app works slightly different from Uber or Lyft, it connects drivers and commuters who are going the same direction. Google is hoping to discourage commuters from using the more expensive taxi drivers and instead use its lower fare option.  Currently, Waze charges riders $.54 a mile and Google does not charge a fee for the service. The program, right now, is only open to employees of Google, Walmart, and Adobe who work in San Francisco however, the company plans on launching the program this fall to all San Francisco residents.

Flying The Friendly Skies

On Monday, Scott Kirby was given a $13 million severance package and told to hit the road after the American Airline’s board decided it wouldn’t be able to retain its executive team in their current roles long term. On Wednesday, Kirby became President of rival airline United Continental Holdings. The 49- year- old will report directly to Oscar Munoz, chief executive, and have responsibility for operations, marketing, sales, revenue management, a network planning. Kirby is known in the industry for having strong views. While he was president of US Airway, he abandoned fuel hedging and during his tenure at American he pulled the airline out of the futures markets, calling hedging of oil contracts “a rigged game that enriches Wall Street”.


Asia: Asian markets closed mostly higher on Wednesday, as investors wait for today’s ADP jobs report.

Europe: European markets closed mostly higher as the U.S. consumer confidence report came in stronger than expected.

U.S: U.S markets closed lower on Tuesday, as investors wait for this week’s jobs reports and the clues they provide on when future rake hikes will occur. DJIA: -48.69 18,454.30 NASDAQ: -9.34 5,222.99 S&P: -4.26 2,176.12

Word of The Day:


The removal of a listed security from an exchange. Removal of the stock can be either voluntary or involuntary, if the company is not in compliance with the listing requirements of the exchange.

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.

Aug 30



On Tuesday, The European Union’s antitrust regulator demanded Ireland to recoup approximately €13 billion ($14.5 billion) in taxes from technology giant, Apple (APPL). The tax payment is the highest ever demanded under the EU’s state-aid rules that forbid companies from gaining advantages over their completion due to government help. According to the European Commission the tax arrangements offered by Ireland to Apple in 1991 and 2007 allowed the company to pay around 1% to almost zero taxes for more than 10 years, between 2003 and 2014. The move by the European Union could intensify the feud between the EU and the U.S. over the union’s probes into American companies.


Mondelez International, maker of Oreo cookies and other fine snacks, has officially ended its pursuit of Hershey after the chocolatier rebuffed its latest acquisition offer. Last week Hershey rejected a new bid by Mondelez, the second one since June, and indicated it would be hard to make a deal because of the overhaul in the board of its controlling shareholder, the Hershey Trust Company. In a statement, Mondelez said they were giving up the two month long takeover campaign because there is no actionable path forward that would lead to the purchase of Hershey.


Asia: Asian markets finished mostly higher on Tuesday with the Nikkei finishing down after a muted response from investors over better-than-expected economic data.

Europe: European shares closed lower Monday as markets digested Friday’s remarks from several Fed officials.

U.S: U.S. stocks closed higher on Monday as investors made up their minds a rate hike could be a good thing DJIA +107.59 18502.99 +11.34 2180.38 Nasdaq +13.41 5232.33

Word of The Day:

Cash Flow

The net amount of cash and cash-equivalents moving into and out of a business.

 Dinner or Drink:

Hershey Highway

1 oz. Kahlua® coffee liqueur
1 oz. Irish cream
1 oz. crème de cacao
5 oz. chocolate milk
1 dash chocolate milk

Coat the bottom of a collins glass with chocolate syrup. Fill the glass half-way with ice cubes. Add Kahlua coffee liqueur, Irish cream and crème de cacao. Fill with chocolate milk and shake gently. Sprinkle with chocolate shavings if desired, and serve.

Like our drink today, click here for more.

Aug 29


New Car

JP Morgan Chase is teaming up with TrueCar to help customers buy a car and secure financing with one click of button. The new app, called Chase Auto Direct, will allow customers to find a new or used and figure out financing options at the same time. The app will also let consumers compare the price other customers have paid at the dealership and allows the consumer to make changes to the vehicle like add features or aftermarket products. The new offering will be available to existing customers in 30 states and will add additional states next year.


Apollo Global Management LLC has agreed to buy web hosting company, Rackspace for $4.3 billion after the cloud-services company failed to keep pace with cheaper and broader companies like Microsoft and Google. Rackspace became a public company in 2008 and was a high-flying growth company for several years as it benefited from the early shift by company to run software on rented computer services over the internet. All of that changed when Amazon launched its cheaper version of cloud services, Amazon Web Services. Shareholders will receive $32 a share in cash for each share of Rackspace. For Rackspace, the deal marks an end to its public struggle to keep up with bigger cloud rivals who offer low-cost computing power, storage, and other IT services.


Asia: Asian markets closed mixed on Monday as a weaker yen sparked buying in Japan while investors wonder if a rate hike is right around the corner.

Europe: European shares closed higher after Yellen hinted an interest rate hike could happen at the Fed’s September meeting.

U.S: U.S. markets closed mostly lower on Friday after Fed Head Janet Yellen said she see the case to raise interest rates getting better. DJIA: 53.01 18,393.40 S&P: -3.43 2,169.04 NASDAQ: +6.71 5,218.92

Word of The Day:

Marketable Security

Any equity or debt instrument which can be converted into cash, or exchanged with ease. Stocks, bonds, short-term commercial paper and certificates of deposits are all considered marketable securities because there is both public demand and can be converted into cash.

Dinner or Drink:

Monday Cocktail

1 1/2 oz. whiskey
1/2 oz. brandy
1/2 oz. blueberry brandy
1/2 oz. lemon juice
1 tsp sugar

Shake all ingredients with ice; strain into an old-fashioned glass. Garnish with an orange slice if desired.



Aug 25



Ride-hailing service Uber announced it has teamed up with robo-advisor Betterment to offer its drivers individual retirement accounts. Drivers in Boston, Chicago, Settle, and New Jersey can now sign up through their Uber apps or online for an IRA account that is free of fees for the first year. The IRA is being added to a rewards program for Uber drivers, who are self-employed. The program also provides drivers with discounts to auto maintenance retailers and wireless communication carriers. The arrangement between Uber and Betterment, gives the robo-advisor access to thousands of potential customers. This is Betterment’s first formal partnership with a company.


Auto giant Ford (F) is recalling more than 88,000 cars and SUV’s in North America due to engines stalling without warning due to an issue with the fuel pump. The recall covers Ford Taurus, Police Interceptor sedans, Ford Flex wagons, Lincoln MKS sedans, and Lincoln MKT SUV’s rom 2013-2015 model years. According to the company the fuel pump control modules can fail causing the engine not to restart. Ford is working with parts makers to ship the new modules quickly and the company will notify customers to bring their vehicles in for free repairs starting the week of October 17. Concerned owners can go to and click on safety recalls to see if their vehicle is part of the recall.


Asia: Asian markets closed lower on Thursday as investors continue to stay cautious ahead of Yellen’s speech tomorrow and any clues it may give when the next rate hike will be.

Europe: European shares closed mixed on Wednesday as commodity prices continue their rollercoaster ride and investors eye Friday’s speech by Janet Yellen.

U.S: U.S markets closed lower on Wednesday after new calls to clamp down on drug prices pushed the bio-tech stocks lower. DJIA: -65.82 18,481.48      S&P: -11.46 2175.44     NASDAQ: -42.38 5217. 69

Word of The Day:

Dollar Index:

A weighted index which tracks the US Dollar against a basket of other world currencies.

Dinner or Drink:

Game Day Peach Sour

  • 3 parts Bourbon
  • 1 part Peachtree® Schnapps Liqueur
  • Splash Sour Mix

Combine all ingredients in a shaker. Shake without ice. Pour over ice in glass.

Aug 24


Best Buy

Best Buy (BBY) reported a 21 percent jump in quarterly profit on Tuesday as the electronic super store revved up its online revenue while cutting costs. The company reported a net income of $198 million or 61 cents, in the three months that ended July 30, compared to $164 million or 46 cents per share, in the same period a year ago.  As online sales rose for the company so did revenue at established store, an important metric of the retailer’s health. Strong sales of home theaters, appliances, and health trackers grew helping to offset declining sales of mobile phones and video games. Shares of the retailer soared on Tuesday, closing higher by 19%.

Pay Up

Apollo Global Management LLC has agreed to pay the Securities and Exchange Commission $52.8 million to settle allegation it failed to disclose fees to investors. The multi-million dollar settlement is the largest to date by a private-equity firm.  The SEC charged Apollo on Tuesday with failing to sufficiently disclose to its fund investors it planned on collecting large one-time fees from companies it sold or took public taking away from the company’s bottom line. The practice known as monitoring termination fees has been around for years and allowed big buyout firms in some case to collect millions for themselves for services they didn’t actually perform.  In addition to the disclosure charges, Apollo was also charged with failure to supervise one of its former partners, who had been caught twice, charging personal items and services to the firm.


Asia: Asian markets closed lower as investors took profits.

Europe: European shares closed higher on better economic data out of the Eurozone.

U.S: U.S. markets closed higher on Tuesday as oil prices climbed. DJIA: +17.88 18,547.30 NASDAQ: +15.48 5,260.08 S&P: +4.26 2,186.90

Word of The Day:

Limit On Open Order (LOO)

A type of trading limit order which buys or sells shares at the market open if the market price meets the limits conditions. The order is good only for the market opening and does not last the trading day

Dinner or Drink:


  • 1 part Citrus Vodka
  • 2 parts Lemonade
  • 1/2 part fresh squeezed Lime
  • Garnish with Lemon Wedges

Mix ingredients and serve over ice. Garnish with a lemon wedge.




Aug 23


You’ve Been Served

A class action suit has been filled against Morgan Stanley on behalf of its 60,000 workers. The suit alleges the company mismanaged its own employees’ retirement plans by offering poor performing funds and charging excessive fees. In essence, the firm was using its’ own 401K to promote its business and maximize profits at the expensive of its own employees. If the claims are true it would be a federal violation under the Employee Retirement Income Security Act (ERISA) which states sponsors of 401K plans have a fiduciary responsibility to act in the best interest of their employees. Morgan Stanley has not yet commented on the allegation. The lawsuit against Morgan Stanley is one of many that has been filed over the last two weeks. Similar lawsuits over alleged excessive fees being charged to 401K and 403b retirement plans have been filed against Duke University, Emory University, the University of Pennsylvania, Vanderbilt University, New York University, and the Massachusetts Institute of Technology.

I Want My MTV

The granddaddy of streaming music services, Pandora, is expected to announce soon it will add streaming music to its menu. Currently, the service provides music on demand by allowing users to pick the channel they want. They service however, does not allow users to actually pick the songs they want played. As soon as next month Pandora is changing its business model and will offer a subscription based steaming package that will run customers around $10 a month. The company plans on rolling its new service out to listeners in the U.S. and English speaking countries first, before branching out to additional international markets. The company hopes its new expansion will help jump-start its user base. Pandora’s paying listenership has plateau in recent years at 4 million compared to 30 million for Spotify and 11 million for Apple Music.


Asia: Asian shares closed mixed on Tuesday, as a lower dollar buoyed the Yen.

Europe: Europe markets closed lower as oil prices tumbled.

U.S: U.S. markets closed mixed on Monday as cautious investors wait for Janet Yellen’s speech in Jackson Hole on Friday. DJIA: -23.15 18,529.42 NASDAQ: +6.22 5,244.60 S&P: -1.23 2,182.64

Word of The Day:


A taxable distribution of a portion of company’s earnings that are declared by a company’s board of directors and distributed to its shareholders at the declared date.

Dinner or Drink:

Swimming Pool

1 scoop crushed ice
1/4 Oz sweet cream
3/4 oz. cream of coconut
2 oz. pineapple juice
3/4 oz. vodka
1 1/2 oz. light rum
1/4 oz. Blue Curacao liqueur


Mix ingredients well, pour into an exotic glass and float the blue curacao on top

Aug 22


John Deere Green

On Friday, farm and tractor manufacture Deere & Co. announced they are planning to cut additional production of its trademark green tractors and harvesting combines this fall as the global farm economy continue its downturn. Farmers have been reluctant to buy new machinery as crop prices continue to fall. The world’s largest maker of farm equipment by sales announced its plan to cut both output and jobs cuts at both its plants in Illinois and Iowa. Investors cheered the new cuts and the much-better-than expected fiscal third quarter profit sending shares higher by 13%.

Drug Dealer

Pfizer Inc. announced it has agreed to buy biotech firm, Medivation Inc. for $81.50 a shares, in a move that adds one of the crown jewels of the multibillion-dollar cancer drugs to Pfizer’s product line. The deal, a 21% premium to Mediation’s closing price, ends months of bidding for one of the most desired independent biotech firm. Medivation, sells prostate cancer wonder drug Xtandi, which already generates around $2 billion in yearly sales and has the potential to more than double that. Xtandi would give Pfizer a leader in the treatment in prostate cancer and complement’s the company breast-cancer treatment Ibrance. The drug also complements Pfizer’s efforts to develop combinations of cancer agents called immunotherapies, which deploy the immune system in the fight against cancer. The deal still has to make it through government scrutiny but is expected to close by the end of this year.


Asia: Asian markets closed mixed on Monday as Japan hinted at more stimulus.

Europe: European markets closed lower on Friday as investors kept an eye on fluctuation oil prices and economic data from region.

U.S: U.S markets closed lower as investors digested the next round of Fed speak. DJIA: -45.13 18,552.57 NASDAQ: -1.77 5,238.38 S&P: -3.15 2,183.87

Word of The Day:

CFA (Chartered Financial Analyst)

A professional designation that measures the competence and integrity of financial analysts.

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.

Aug 19


Blue Light Special….

Walmart (WMT) posted better-than-expected quarterly results and raised its full year guidance at a time when its competitors seem to be struggling. The world’s largest retailer is finally reaping the benefits of closing some of its weaker stores, cleaning up its stores, and mixing up its merchandise. The mega discounter reported net income rose $3.8 billion, up 8.6% from last quarters $3.5 billion. Earnings per share of $1.21 beat analyst expectations by a mile. Same store sales, a key metric for retailers, were up 1.6% for the eight quarter in a row. Walmart’s good earnings comes a day after the company’s rival, Target, reported a 9.7% plunge in earnings and reduced its sales estimate for the remainder of the year.


Harley-Davidson (HOG) has agreed to pay a multi-million dollar fine and fund environmental remediation efforts as part of a deal the company struck with the EPA over its super tuners. According to the EPA, the motorcycle maker allegedly sold 340,000 super tuners that boosted power but also raised harmful emissions into the air. The company also agreed to stop selling the tuners, destroy them, and buy back all remain devices. To rectify the air pollution caused by the super tuners, Harley will partner with an independent company to provide cleaner-burning stoves in certain communities.


Asia: Asian markets closed out their week mostly higher after Thursday’s positive handoff from Wall Street.

Europe: European shares closed higher as investors bet the split fed committee will push out a rate hike later in the year.

U.S: U.S. stocks closed higher on Thursday as the continued rally in oil put investors in the mood to buy. DJIA: +23.76 18,597.70 S&P: +4.80 2,187.02 NASDAQ: +11.49 5,240.14

 Word of The Day:

529 Plan

A category of plans that provide tax advantages when saving to pay for college.

Dinner or Drink:

Big Game Punch

1 1/2 oz. Bacardi® orange rum

1 1/2 oz. Bacardi® Razz rum
4 oz. cranberry juice
1/2 oz. pineapple juice
1/2 oz. Sprite® soda

Pour ingredients over ice in a shaker. Shake and remove lid (carefully, sprite in glass makes contents under pressure-it has a tendency to “explode”). Pour into cocktail glass, garnish with Orange.

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Aug 17



The largest maker of networking equipment, Cisco Systems Inc., will cut 14,000 employees worldwide or 20 percent of its workforce in the next few weeks as the company’s change in focus requires workers with a different skill set. As of April, the company had around 713,000 employees. The move comes as CEO Chuck Robbins has been working diligently on boosting growth by shifting the company’s product offering toward software-based networking, security and management product, which customers like as they are less expensive. Cisco will report its fiscal fourth-quarter earnings on Wednesday after the markets close.

Moving On

Spanish-language media company, Univision Communications, agreed Tuesday to buy Gawker Media’s properties in a bankruptcy auctions. Terms of the deal were not disclosed. Gawker Media had filled for Chapter 11 protection in June and put itself up for sale after a jury ordered the company to pay $140 million to wrestler, Hulk Hogan, following an invasion-of-privacy lawsuit. Gawker is the latest in Univision attempts to broaden and diversify its audiences, particularly Millennials, by amassing online publishing sites.


Asia: Asian markets closed mostly higher on Wednesday after a weaker yen encouraged investors to go on a shopping spree.

Europe: European markets closed lower on Tuesday as the Euro strengthened the most since the Brexit vote making investors wonder what the negative effects on company earnings will be.

U.S: U.S. markets closed lower as investor are becoming wary of the rally given the lack of U.S corporate earnings growth. DJIA: -84.08 18,552.02 NASDAQ: -34.90 5,227.11 S&P: -12.00 2,178.15

Word of The Day:

Core Inflation

A measure of inflation that excludes certain items that could have temporary price which diverge from the overall trend in inflation and give a false measure of inflation.

Dinner or Drink:


  • 1 part Citrus Vodka
  • 2 parts Lemonade
  • 1/2 part fresh squeezed Lime
  • Garnish with Lemon Wedges

Mix ingredients and serve over ice. Garnish with a lemon wedge.

Aug 16



Hotel chain giant HEI, owner of Hyatt, Sheraton, Marriott, and Westin hotel, properties in 10 states and the District of Columbia payments systems may have been hacked for months. According to the hotel operator, malware had been put into place in at least 20 locations and may have collected names, card numbers, card expirations dates and verification codes. Customer’s data may have been collected starting as early as December of last year, through late June. Once the hotels found out about the problem all payments were switch to a stand-alone system completely separate from the rest of the network. The company is cooperating with law enforcement and coordinating with banks and payment card companies. The company has also created and encourage customers to visit for additional information about the incident.

Home Sweet Home

Apartment giants Mid-America Apartment Communities and Post Properties have agreed to merge, forming a real estate investment trust amid rising demand for rental housing. The merger will create the largest publicly traded landlord by number of units, largely in the Southeast. The combined company will have its largest share of net operating income coming from Dallas, Atlanta, and Charlotte. Shareholders of Post Properties will receive 0.71 shares of Mid-America for each shares owned.


Asia: Asian shares closed lower as the yen soared causing investors to anticipate lower corporate provides for exporters.

Europe: European markets closed flat on Monday despite an uptick in oil prices.

U.S: U.S markets closed higher on Monday with all three indexes hitting highs for the second time in a week, as investors seemed to like the rally in oil prices. DJIA: +59.58 18,636.05 NASDAQ: +29.12 5,262.02 S&P: +6.10 2,190.15

Word of The Day:


A company with a market capitalization between $2 billion and $10 billion.

Dinner or Drink:

August Moon

1 oz. Kahlua® coffee liqueur
1 oz. vodka
1 splash Bailey’s® Irish cream
5 – 6 oz. Coca-Cola®
1 oz. amaretto almond liqueur
1 oz. triple sec
1 oz. orange juice

Add all ingredients to a cocktail shaker with a few ice cubes. Shake well, strain into an old-fashioned glass, and serve.

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Aug 15


Slow Down

Alphabet Inc., parent company of Google, is rethinking its high-speed internet business after the initial rollouts turned out to more expensive and time consuming than first thought. Alphabet has spent hundreds of millions of dollars digging up streets and laying fiber-optic cables for its internet provider, Google Fiber. The company is now changing its game plan using wireless technology to connect homes, rather than cables. The company has rolled out the new strategy in a dozen metro areas, including Dallas, Chicago, and Los Angeles. The company however, suspended projects in San Joes and Portland until it can figure out if the new plan will work. Google Fiber offers customers web connections roughly 30 times faster than the U.S. average.

Buy, Buy, Buy….

Honeywell International could be nearing a deal to acquire JDA Software Group, a maker of software that helps business manage their supply chains. The deal could cost Honeywell around $3 billion and is expected to be announced as soon as Monday. JDA, based in Scottsdale, sells software that helps hundreds of retailers, like Walgreens and Advance Auto Parts, optimize their merchandising and supply chains. It also provides software for warehouse management. The acquisition would help Honeywell get its foot into the software side of things as the company, best known for jet engines and building control systems, tries to diversify itself.


Asia: Asian markets closed mixed on Monday after data showed a slowdown in Japan growth.

Europe: European stocks closed lower after retail sales in the U.S. came in unchanged.

U.S: U.S. indexes closed mostly lower on Friday as investors weighed softer retail sales and producer price reports. DJIA: -37.05 18,576.47 NASDAQ: +4.50 5, 2332.90 S&P: -1.74 2,184.05

Word of The Day:


A statistic that measures the degree two securities move in relation to each other.

Dinner or Drink:

Summer Rain

1 oz. raspberry puree
1 oz. grapefruit juice
1 oz. pineapple juice
2 oz. orange sherbet
1 oz. lemonade


Blend all ingredients (except lemonade) briefly with half a glassful of crushed ice and pour into a highball glass. Add lemonade, garnish with fruit, add straws and serve.

Aug 12


Closin’ Time

Big Box retailer, Macy’s, announced it will close an additional 100 stores as the company continues its cost cutting measures. The chain has decided some of its store location are worth more as real estate than as a retail store as shoppers spend more online and at discount chains. The decision to cut stores comes as Macy’s, Kohl, and Nordstrom reported falling sales for the last quarter.  Macy’s had been evaluating its real estate since it came under attack from activist investor Starboard Value last year. Executives said they have not yet finalized which of the 728 Macy’s locations will close and will continue to operate most stores through the end of its fiscal year. Shares of Macy’s jumped 17% closing at $39.81.

Leavin’ On A Jet Plane

Ariana Huffington, co-founder of the Huffington Post, announced Thursday she will leave the company she built into one of the largest digital media outlets in the United States.  Huffington is set to leave in the coming weeks to focus on launching her startup, Thrive Global, which will work with companies to improve the well-being of their employees through health and wellness. The Huffington Post, started over a decade ago, helped pioneer digital-only journalism and served as a template for many digital startups. The platform was sold to AOL in 2011 for $315 million and was bought by Verizon Communications for $4.4 billion last year.


Asia: Asian markets closed higher on Friday as investors shrugged off disappointing data from China.

Europe: European markets closed higher on Thursday as higher oil and a positive early morning trading from the U.S. had investors cheering.

U.S: U.S. markets closed higher, with all three averages closing at new highs, as investor went on a spending spree. DJIA: +117.86 18,613.52 NASDAQ: +23.82 5,228.40 S&P: 10.30 2,185.79

Word of The Day:

Marketable Security

Any equity or debt instrument which can be converted into cash, or exchanged with ease. Stocks, bonds, short-term commercial paper and certificates of deposits are all considered marketable securities because there is both public demand and can be converted into cash.

Dinner or Drink:


  • 1 part Creme de Banana Liqueur
  • 1 part Tropical Coconut Liqueur
  • 1 part 151 Rum
  • 1 part Grenadine
  • 2 parts Pineapple Juice
  • 2 parts Orange Juice

Build over ice, stir gently, and serve.

Like our drink today, click here for more.

Aug 11



Fashion house Michael Kors has had enough with department stores and their excessive discounting. After reporting a 7 percent decline in its wholesale business the brand had decided it will no longer participate in department stores friends and family events or accept coupons for its products there.  The label will also start to cut back on the amount of merchandise it ships to retailers, as it looks to rebuild the pricing power it has lost with shoppers. According to the company consumers have forgotten the true value of the product because it is constantly on sale.  Michael Kors products are sold at retailers such as Macy’s who generated the largest chunk of the company’s wholesale revenue and accounted for 12.7 percent of its total sales last year.

New Plot Twist

Federal prosecutors are now investigating whether Valeant Pharmaceuticals International defrauded insurers by covering up its close ties to a mail-order pharmacy that boosted its sales. Prosecutors are investigating whether Philidor, the now defunct mail order pharmacy, made false statements about its relationship with Valeant while helping patients get insurance coverage for the higher priced drugs Valeant made over less expensive generics. The probe could be the most serious Valent currently faces and could lead to criminal charges against executives of Philidor and Valeant as a company.


Asia: Asian markets closed lower on Thursday after a less than positive hand off from Wall Street.

Europe: European markets closed mostly down on Wednesday as oil prices declined.

U.S:  U.S markets closed lower on Wednesday as investors took profits ahead of Friday’s retail sales report. DJIA: -37.39 18,495.66 NASDAQ: -20.89 5,204.59 S&P: -6.25 2,175.49

Word of The Day:

Sovereign Debt

Debt issued by a foreign national government in order to finance its growth and development.

Dinner or Drink:

Emerald Daiquiri

  • 1 part Melon Liqueur
  • 1 part Aged Light Rum
  • Juice of 1 Lime
  • Melon Balls or Lime Wheels

Shake all ingredients with ice and strain into a chilled cocktail glass with an optional sugared rim. Garnish with a melon ball and/or a lime wheel on the rim.

Aug 9


No More

Steaming service Hulu is dropping the free TV episodes it was initially known for as the company works on an online television service to rival cable TV. Free episodes, the most recent four or five episodes from a shows current season, will leave Hulu site and move over to Yahoo.  Hulu’s free video has become increasingly more difficult to find on their site as the company tries to lure viewers into its $8 or $12 a month subscription plan. While saying goodbye to free episodes Hulu is planning on saying Hello to launching live online TV service next year. The new service would show broadcast and cable channels in real time, without making viewers wait until next day for episodes.


Financial services firm TIAA, has agreed to buy Ever Bank Financial Corp for $2.5 billion in deal which will bolster the firm’s banking business. TIAA, who manages retirement assets for employees of universities and nonprofits, already has a small bank however, executives want to grow that side of their business. Ever Bank brings its digital technology and mortgage business to the table along with its assets. Based in Florida, the bank holds loans and deposits nationwide and focuses on making jumbo mortgage, typically loans over $417,000.  Buying Ever Bank will give TIAA $27.4 billion in assets and $18.8 billion in deposits.


Asia: Asian markets closed mostly higher on Tuesday as slowing Chinese inflation could increase the need for additional stimulus.

Europe: European markets closed higher as oil prices ticked upward.

U.S.: U.S. Markets closed down on Monday as investors look toward Friday’s retail sales report. DJIA: -14.24 18,529.29 S&P: -1.98 2,180.89 NASDAQ: -7.98 5,213.14

Word of the Day:

Coattail Investing:

An investment strategy where investors mimic the trades of well-know and successfully investors.

Dinner or Drink:

Peach Sangria

  • 1 part Peach Schnapps Liqueur
  • 3 parts White Wine
  • Fruit, Chopped
  • Splash of Soda Water

Mix Peach Schnapps Liqueur and wine in a glass or pitcher. Add ice and stir gently. Add chopped fruit and top with carbonated water.



Aug 8


Prime Air Inc. (AMZN) unveiled the first of its new fleet of cargo jets as part of an effort by the e-commerce giant to control more of its operations. The Boeing 767-300 will be operated by Atlas Air Worldwide Holdings and is one of 40 planes Amazon agreed to lease as the company broadens its shipping system. The new addition to the sky stems from Amazon desire to take greater control of over is shipping and package delivery operations reducing the cost associated with delivery. The firm already has its own trucks, drivers, and a fleet of couriers that help deliver millions of packages a year.

 Jet In The Sunset

Wal-Mart Stores Inc. (WMT) is expected announce on Monday it will purchase online retailer Jet. Com for $3 billion. The world’s largest retailer, hopes the purchase will help close the e-commerce gap with rival Amazon. has existed for less than two years but has seen explosive growth- its sales in July 2016 were up 168% from August 2015. As part of the deal co-founder and CEO Marc Lore will lead Wal-Mart’s online division for at least two years.


Asia: Asian markets closed higher on Monday as investors shrugged off weak Chinese trade data and concentrated more on Friday’s stronger-than-expected U.S jobs report.

Europe: European markets closed higher on Friday after the better than expected U.S jobs report.

U.S.: U.S. Stocks soared after the NFP job report showed the economy added 225k jobs. Dow: +191.48 18543.53 NASDAQ: +54.87 5221.12   S&P: +18.62 2182.87

 Word of The Day:

Risk Management

The process of identification, analysis, and either acceptance or mitigation of risk in investment decision making.

Dinner or Drink:

The Rider

  • 1 part  Bourbon Whiskey
  • 1 part  Honey Bourbon Whiskey
  • 1 part Orange Juice
  • 1 Sugar Cubes
  • Garnish with Orange Zest, Flamed

Soak the sugar cube in Jim Beam® Devil’s Cut® on a bar spoon. Add to glass. Stir in fresh pressed orange juice, Jim Beam® Honey and Jim Beam® Devil’s Cut®. Top with cracked ice, garnish and serve.

Aug 3



McDonald’s announced this week it will nixing ingredients from half of its popular menu item in an attempt to woo healthy eaters. The fast food chain will remove artificial preservatives from its McNuggets and several breakfast items, and will roll out new hamburger buns this month without the high-fructose corn syrup. The changes are the latest in a series of efforts to improve the quality of McDonald’s food. The company also plans on shifting to cage-free eggs by 2025, using real butter on the Egg McMuffins and switching to antibiotic free chickens.

Smiley Face

On Tuesday, Apple (AAPL) introduce more than 100 new and redesigned emojis this fall. The new list of emojis will include a more diverse list of characters, such as female professionals, athletes, more family options and a rainbow flag. However, everyone is not excited about one change. The company redesigned the current revolver emoji to look like a water pistol. The redesign has caused the most reaction of any of the other changes, ranging from support to ridicule. The new emojis will be available to iPhone and iPad in September when Apple launches it new iOS 10 software.


Asia: Asian stock markets closed mixed on Wednesday after the Nikkei sold off on the back of another spike in the yen.

Europe: European markets finished deep into negative territory Tuesday, as concerns over the health of the regions lenders continued to weigh on investors’ minds.

U.S: U.S. markets closed lower with the Dow Jones extending its losing streak for the seventh consecutive day, as investors worry about the economy. DJIA: -90.74 18,313.77 S&P: -13.81 2,157.03 NASDAQ: -46.46 5,137.73

Word of The Day:

Cyclical Stock

An equity security whose price is affected by the ups and downs of the overall economy.

Dinner or Drink:

Southern Smile

1/2 jigger cranberry juice

1 shot Southern Comfort® peach liqueur
1 shot amaretto almond liqueur

Fill jigger with ice. Add all ingredients. Cover, shake and pour into shot glasses


Aug 1


Hate To Wait….

Trouble could be brewing at Starbucks (SBUX) as some customer are noticing longer lines and wait times for the favorite drink. The cause… the chain cutting down on workers hours. The issues has caused some employees to sign a petitions asking corporate to listen to their complaints over what they believe are some of the most extreme labor cuts in Starbucks history. The coffee giant started cutting workers hours in May after the company’s growth slowed down in the second quarter because of a switch in their loyalty program. Complaints from baristas are showing up on social media as some have choosing to express their concerns on Facebook. But it’s not just the hours Barista’s are concerned about it’s the companies new guidelines, which now allow dyed hair, wearing fedoras, beanies, and other hats, among other changes recently made by the company.


Chinese ride-hailing service Didi Chuxing announced it will acquire Uber’s China business. Uber global will received 5.89 percent of the new combined company with “preferred equity interest” which is equal to 17.7 percent stake. Uber had been locked into an intensive battle with Didi, the country’s largest ride-hailing service, since its start in China. The U.S startup has lost over $2 billion over two years in its China operations. Under the terms of the deal, Uber China will keep functioning as its own independent company ensuing stability and continuity of service for passengers and drivers. Didi will also integrate both the technology and management of the two companies.


Asia: Asian markets closed mostly higher on Monday as investors shrugged off slower manufacturing numbers from China.

Europe: European markets higher on Friday as the banking sector rallied ahead of the release of their stress test results.

U.S: U.S. markets closed flat on Friday despite news the U.S. economy only grew at a rate of 1.2%, lower than expected. DJIA -24.11 18432.24 NASDAQ +7.15 5162.13 S&P +3.54 2173.60

Word of The Day:

Poison Pill

A strategy used by a company targeted for a takeover which makes its stock look unattractive or less desirable to the acquiring firm.

Dinner or Drink:

August Moon

1 oz. Kahlua® coffee liqueur
1 oz. vodka
1 splash Bailey’s® Irish cream
5 – 6 oz. Coca-Cola®
1 oz. amaretto almond liqueur
1 oz. triple sec
1 oz. orange juice

Add all ingredients to a cocktail shaker with a few ice cubes. Shake well, strain into an old-fashioned glass, and serve.

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