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Sep 29



BlackBerry announced Wednesday it will no longer produce its once-dominant devices and instead focus on software. The strategy shift will end all BlackBerry’s internal hardware development. The move was largely anticipated for the company who helped create the smart phone revolution. Investors seemed to like the company’s new direction as the stock closed higher, up 5.71% on Wednesday. I want my crackberry…

We Are Done

California Treasurer, John Chaing, served the first direct blow to Wells Fargo’s business on Wednesday when he announced the state will suspend several key banking relationship. The state will halt investments in Wells Fargo for 12 months. During that time, the state treasurer will stop using Wells Fargo as a broker-dealer for buying investments and the state will not use the bank as an underwriter for the its bonds. California is one of the largest bond issuers in the nation. The move comes as Wells Fargo’s CEO heads to the Capitol Hill Thursday, where he is scheduled to testify before the House Financial Services Committee.


Asia: Asian markets closed higher on Thursday after oil prices rose on the back of Wednesday’s potential production deal.

Europe: European markets closed slightly higher on Wednesday after shares of Deutche Bank rose.

U.S: U.S. markets gained ground on Wednesday after OPEC announce an agreement to cut back global oil production. DJIA: +110.94 18,339.24 NASDAQ: +12.84 5,318.55 S&P: +11.44 2,171.37

 Word of The Day:

North American Free Trade Agreement (NAFTA)

An agreement implemented January 1, 1994 in Mexico, Canada, and the United States to eliminate most tariffs on trade between the nations.

Dinner or Drink:

Crack Juice

1 bottle vodka

8 cans beer

2 cans frozen lime juice concentrate

In a large container, fill half way with ice. Pour in all contents and mix well. You are ready to serve.

Sep 28


Chicken Dinner

Tyson Food is voluntarily recalling more than 132,000 pounds of chicken nuggets after it received reports that a “hard, white plastic” was found in packages of nuggets. The company is recalling 5-pound bags of fully cooked panko chicken nuggets sold at Costco stores nationwide and 20-pound cases of chicken patties, sold under the Spare Time brand to a single wholesaler in Pennsylvania. Tyson is voluntarily recalling the products “out of an abundance of caution” even though it only received a handful of call from consumers.

Clawbacks …

Wells Fargo & Co. board announced Tuesday it has moved to rescind pay for embattled Chairman John Stumpf and former community banking head Carrie Tolstedt. Stumpf will forfeit $41 million of pay after employees of the bank under his watch opened millions of fraudulent bank accounts and credit cards to make sales goals. Tolstedt, who oversaw the retail banking division during the bad behavior, will forfeit unvested equity options valued at $19 million. The moves comes after last week’s Senate Banking Committee hearings where the bank was criticized for firing thousands of employees over a five year span yet taking no action against senior executives.


Asia: Asian markets closed mostly lower after a stronger yen took down shares of exporters.

Europe: Europe shares closed lower on Tuesday as energy prices declined and shares of Deutsche Bank hit record lows.

U.S: U.S markets closed higher on Tuesday after consumer confidence raised to a nine year high and the world made it through the first presidential debate. DJIA: +133.47 18,228.30 NASDAQ: +48.22 5,305.71  S&P: +13.83 2,159.93

Word of The Day:

Money Manager

A business or bank responsible for managing an individual or institutional investor’s securities portfolio. Typically for a fee, the money manager, has the fiduciary duty to choose and manage investments which are prudent for his or her clients, including developing an investment strategy, and buying and selling securities.

Dinner or Drink:

Funky Chicken

1/2 shot Gold tequila
1/2 shot Bourbon whiskey

Mix in shot glass. Serve.


Sep 27


We Are Not Breaking Up….

On Monday, pharma giant Pfizer announced it will remain a single company and not split into one business focused on patent-protected drugs and another on cash-rich older products. The decision comes after the company has spent years trying to determine if it would split and $600 million preparing for a company split. According to Chief Executive Ian Read staying a whole business was the best structure for the company currently however, the company still reserves the right to split if factors materially change at some point in the future. Pfizer will now remain one of the industry’s largest with project revenue of at least $51 billion in revenue this year from a growing portfolio of cancer drugs and vaccines. Shares of the company like the overall markets, closed down on Monday.

You’re Out

Federica Marchionni, chief executive of Lands’ End, has been forced out of the company capping a tumultuous 19 month stint at the retailer. The former Ferrari and Dolce & Gabbana executive tried to inject more style into the outdoorsy cloths maker. She overhauled the catalog, hiring celebrity photographers and a Vogue stylist for input. Despite all her efforts to improve the company she was never able to get the Lands’ End’s employees or customers to buy into her vision. The company posted a loss of $7.7 million for the six months ending July 29, compared with a profit of $9.2 million for the same time period last year.


Asia: Asian markets closed higher on Tuesday after investor perceived Hillary Clinton winning the debate last night.

Europe:  European shares closed lower as investor’s sentiment was curbed by a report suggesting Deutsche bank will not receive any monetary support from the German government if needed.

U.S: U.S. market closed lower on Monday, as investors sold bank shares around the globe amid concerns about the capital position of Deutsche bank ahead of its anticipated legal settlement with the U.S. Justice Department. DJIA: -166.62 18,094.83 NASDAQ: -  48.26 5,257.49 S&P: -18.59 2,146.10

 Word of The Day:


A contract between two or more parties whose price is based upon the value of one or more of the underlying asset or assets attached to the contract.

Dinner or Drink:

Winning Horse

1 oz. Southern Comfort® peach liqueur

1/2 oz. dark rum
1/2 oz. rosso vermouth
4 1/2 Oz chilled cola


Pour into an ice-filled wine goblet, and garnish with a slice of orange and a cherry

Sep 26


Is that a bird????

Atlanta-based UPS (UPS) has partnered with robot-maker CyPhy Works to test the use of drones in making commercial deliveries to remote or difficult to access locations. The companies launched their first test drones last Thursday from Marblehead, Massachusetts. The drone flew a successful programmed route of 3 miles over the Atlantic Ocean to deliver an inhaler to Children’s Island. It is not clear what part drones will play in the future of package delivery, as newly revised federal aviation regulations do not permit commercial drones to fly over people not involved in their operations. Drone-makers continue to work with regulators to tweak the existing rules. Watch out Jettison’s, here we come…

You’ve Been Served

Two former employees of Wells Fargo Bank have filed a lawsuit against the bank alleging they were fired because they didn’t participate in the bank’s account opening scam. This month federal regulators fined Wells Fargo for $185 million for fraudulently opening more than two million deposit and credit card accounts that were not authorized by consumers. In the suit filled last week, two former employees Alexander Polonsky and Brian Zaghi said they were among many employees wrongfully terminated because they could not meet the “impossible quotes” and were made examples of so all other employees would learn to engage in fraudulent actions to meet the unrealistic sales quotes. The former bankers also said district managers constantly monitored employees and even discussed progress toward the eight account’s per household goal four times a day. Workers who did not meet their daily quota were required to work extra hours without pay. Wells Fargo declined to comment on the lawsuit.


Asia: Asian markets closed lower on Monday as investors focus on this week’s Presidential debate and the OPEC meeting.

Europe: European stocks closed lower on Friday as investors paused after recent gains and digested the latest data out of the Eurozone.

U.S: U.S. markets closed out their week in the red after oil prices plunged. DJIA: -131.01 18261.45 NASDAQ” -33.78 5305.75 S&P: -12.49 2164.69

Word of the Day…

Market Share:

The percentage of an industries total sales, which is earned by a particular company within that industry over a specific time period. Market share is calculated by taking the company’s total sales over a specific time period and dividing it by the total sales of the industry over the same period. Market share gives a general idea of the size of a company in relation to its overall market and competitors.

Dinner or Drink:

Myrtle Bank Punch

1 1/8 oz. dark rum
1/8 oz. cherry brandy
1/4 oz. grenadine syrup
1 oz. lime juice
1 tsp sugar

Pour the dark rum, grenadine, lime juice and sugar into a cocktail shaker half-filled with ice cubes. Shake well, and strain into a highball glass almost filled with crushed ice. Top with cherry brandy. Garnish with slice of lime, and serve.


Sep 22



Danish conglomerate A.P. Moeller-Maersk (AMKBY) announced it will split its operations into two separate division, as it battles with the worst shipping downturn in years. The new operations will be centered on transport and energy. Maersk Line, the largest container operation in terms of capacity and the company’s largest unit, will spearhead a new Transport & Logistics division, while the companies oil interest will be pooled under its new Energy division. The moves come just months after the company fired its Chief Executive, Nils Anderson, and asked his replacement to look into breaking the company up and possibly selling or listing some of its units.

Apple Fast

Apple Inc. (APPL) has held talks with British automotive company McLaren Technology Group, about possibly investing in the car company as it continues to working on building an electric car. The discussion started several months ago however, McLaren will not comment if the talks were still on going. The company has also held talks with San Francisco electric motorcycle developer Lit MotorsCorp. The discussion suggest Apple, who recently laid off several dozen employees, may be refocusing its efforts to drive up its automotive-engineering expertise.


Asia: Asian markets gained ground on Thursday, as investors are feeling more comfortable after yesterday’s two central bank decision.

Europe: European shares closed flat as investors held their breath waiting on the Federal Reserve’s policy decision.

U.S: U.S. markets spiked higher on Wednesday after the Federal Reserve decided to keep rates unchanged for this go around and leaned more towards a December rate hike. DJIA: +163.74 18,293.70 NASDAQ: +53.83 5,295.18 S&P: +23.36 2163.12

Word of The Day:

Preferred Stock

A class of stock issued by a company which typically pays a fixed dividend however, they do not have voting rights. In the event of a company bankruptcy’s preferred stock holders have the right to be paid company assets first.

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.

Like our drink today, click here for more.

Sep 21


Fuzzy Math

Oil giant Exxon Mobil is under investigation by the Securities and Exchange Commission for its accounting practices. The probe involves how the company values its asset in a world of increased climate-change regulations and declining oil prices. The federal agency has sought information and documents from both the company and its auditor, Price Waterhouse Coppers and have received documents the company submitted as part of a continuing probe into similar issues by New York Attorney General Eric Schneierman. The probe is homing in on how Exxon calculates the impact to its business from increase regulatory scrutiny from climate changes, including what numbers it uses to account for the future costs of complying with regulation to curb greenhouse gases when it evaluates the economic viability of its projects. As part of its probe, the SEC is also examining Exxon’s practice of not writing down the value of its oil and gas reserves as prices have decline substantially. Exxon is the only major U.S. producer that has not write-down the value of its assets since oil plunged two years ago, unlike rival Chevron who lowered its valuation of assets by a collective $ 50 billion.

Now Hiring

Big Box retailer Macy’s (M) announced it plans to hire around 83,000 people for both its Macy’s and Bloomingdale stores to handle the busy holiday shopping season, about the same number it hired last year. The new hires will work in store, at call centers or at the company’s shipping facilitates. Rival retailer Kohl’s intendeds to hire 69,000 additional workers while Target plans to hire more than 70,000.


Asia: Asian shares rose on Wednesday after the Bank of Japan announced it would not increase rates however, it would modify its monetary policy framework.

Europe: European markets closed flat on Tuesday as global markets wait for Wednesday’s policy decisions from the Bank of Japan and the Federal Reserve.

U.S: U.S. shares closed slightly flat on Tuesday as investors stayed on the sidelines before Wednesday’s central bank announcements. DJIA: +9.79 18,129.96 NASDAQ: +6.33 5241.35 S&P: 0.64 2139.76

Word of The Day:

Yield Curve:

A line that plots interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity dates. Most frequently used to compare the three month, two-year, five-year, and thirty-year U.S Treasury debt. The yield curve is used as a benchmark for other debt markets like mortgage rates or bank lending rates.

Dinner or Drink:

Merry Christmas

1 bottle raspberry vodka
6 cans cranberry juice
1/2 bottle Absolut® vodka
1 can Sprite® soda

Pour all ingredients (chilled beforehand) into a large container or punch bowl, preferably on top of another similar container filled with ice. Allow to chill. Serve in punch cups or tall glasses.

Sep 20


To Close For Comfort

Big four accounting firm Ernst & Young got a little too close to key clients at two public companies, according to the Securities and Exchange Commission. In a first of its kind case, the SEC has fined the accounting firm $9.3 million after a senior partner working on an audit of a New York-based public company maintained an improperly close friendship with the chief financial officer, and another partner at E&Y working on an audit for a second public company was romantically involved with it chief accounting officer. Auditors are prohibited from having close relationships with clients as it violates independence rules intended to ensure audit firms maintain their objectivity and impartiality during audits. E&Y misrepresented to the public in the two companies’ financial statements that it had maintained its independence throughout these audits. EY did not admit or deny the SEC findings.

I Can See Clearly

Johnson & Johnson will acquire Abbott Lavatories’ eye health unit, Abbott Medical Optics, for more than $4.3 billion in cash. Abbott Medical Optics makes lasers and other equipment used in cataract surgeries and laser vision correction procedures, as well as eye drops and cleaners for contact lenses. For Johnson & Johnson the purchase will allow the company to enter into the cataracts surgery market and help grow its own vision business. Abbott, said the sale will help the company focus more on its treatments for heart and arteries as well as its disease testing equipment.


Asia: Asian markets closed down on Tuesday as investors wait for the BOJ and Fed decision on Wednesday.

Europe: European markets closed lower on declining oil prices and fear of what this week central bank policies may bring to the future.

U.S.: U.S. markets closed flat on Monday as investors stayed close to the sidelines the day before the fed meets to decide if they will raise rates or keep them unchanged. DJIA: – 3.63 18,120.17 NASDAQ -9.54 5235.03 S&P: -0.04 2,139.12

Word of the Day:

Index Funds

A type of mutual fund whose portfolio is constructed to match or track a particular market index, like the Standard & Poor’s 500 index aka. S&P 500.

Dinner or Drink:

Cat’s Eye

1 1/2 oz. Bombay Sapphire® gin
3/4 oz. Green Chartreuse®
1/2 oz. dry vermouth
1 orange peel

Shake gin, chartreuse, and vermouth in cocktail shaker filled with ice. Strain into chilled cocktail glass. Twist orange peel and drop into cocktail.

Sep 19



Shares of German Bank, Deutsche Bank AG, plunged on Friday after reports claim the U.S. Department of Justice wants the bank to fork up $14 billion to settle civil claims over its handling of residential mortgage-backed securities. It is just the latest blow to the Germany’s biggest bank by assets, who is going through a painful transition to meet tougher regulator requirements, cut costs, and settle multiple legal issues. Deutsche Bank is among several financial institutions that were investigated over their part in the mortgage debacle that lead to the 2008 financial crisis. The U.S. government has accuses several banks including Bank of America, Citigroup, and JPMorgan Chase & Co. of misleading investors about the quality of mortgage loans which were packaged and sold to investors. In a statement Friday, the company said it did not intend on settling at such a high level as negotiations are in the early stages.


Fiat Chrysler Automobiles will recall 1.9 million vehicles world-wide for possible air-bag and seat-belt failures linked to at least three deaths and five injuries. The Italian-U.S. auto maker is recalling cars with a certain occupant restraint control module and front-impact sensor wiring with a specific design which can fail to activate air bags and seat-belt restraints in some crashes. Fiat Chrysler no longer uses the parts found in the affected vehicles. Affected vehicles include the 2010 Chrysler Sebring, 2011-2014 Chrysler 200, 2010-2014 Dodge Avenger, 2010-2012 Dodge Caliber compact cares, and 2010- 2014 Jeep Patriot and Compass sport- utilities.


Asia: Asian markets started the week in the green as investors get ready for a big news week ahead as both the U.S. Fed and Bank of Japan are meeting.

Europe: European markets closed lower on Friday as the financial sector took a hit from the Deutsche Bank news.

U.S: U.S. markets closed lower after the CPI report showed inflation ticking upwards and speculation Deutsche will have to fork up 75% of its capital to pay fines. DJIA: -88.68 18,123.80 NASDAQ: -5.12 5244.57 S&P: -8.10 2139.16

Word of The Day:

Basel I

A set of international banking regulations by the Basel Committee on Bank Supervision (BCBS) that sets the minimum capital requirements of global financial institutions to minimize credit risk.

Dinner or Drink:

Easy Money

1 oz. white rum
1/2 oz. dark rum
1/2 oz. coconut rum
1 oz. orange juice
1/4 oz. lime juice
2 tbsp. mango sherbet
1 tsp grenadine syrup

Blend all ingredients (except grenadine) briefly with half a glassful of crushed ice. Sprinkle grenadine on top, garnish with fruit, and serve.

Like our drink today, click here for more.


Sep 16


Give Me A Beat….

Internet radio service, Pandora (P) announced Thursday it has revamped its $5 a month service giving listeners the ability to now skip and replay more songs. The new radio service is being called Pandora Plus, replacing Pandora One. Subscribers of Pandora One will automatically be switched over to the new commercial free offering. The company also announce it would offer a new $10 monthly on demand streaming service by the end of the year. The new versions were launched on Thursday in the U.S.


Unilever, maker of Dove soaps and Axe body sprays, is in talks to acquire Honest Co, the consumer-product retailer cofounded by actress Jessica Alba. The talks are in the early stages and Honest hasn’t ruled out an initial public offering. Honest, which is privately held, raised over $200 million from outside investors since it was founded in 2011. The company generates roughly $300 million in annual revenue selling disposable diapers, household cleaners, personal-care and beauty products which are natural and green. Many of Honest customers buy directly from its website. Acquiring Honest would give Unilever a foothold in the fast growing natural or green cleaning products and diaper business. Unilever sells package food, household, and personal-care products globally and does not currently have any products that compete with Honest.


Asia: Asian markets close out their week mostly higher as investors look ahead to next week’s central bank meetings in the U.S. and Japan.

Europe: European stocks closed higher on Thursday, as upbeat trade on Wall Street boosted global markets.

U.S: U.S. shares gained ground on Thursday, as investors pushed past declining retail sales and focused more on technology stocks.  DJIA: +177.71 18,212.48 NASDAQ: +75.92 5,249.69 S&P: +21.49 2171.26

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:

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

Have a safe and wonderful weekend, Ya’ll!

Sep 15



Ford Motor Co. (F) announced it will moving all its U.S. small car production to Mexico, boosting its profits because of lower wages. Currently, Ford makes its subcompact Fiesta in Mexico, but its Focus and C-Max are made in Detroit. Starting in 2018, Ford will make its small cars at its new $1.6 billion assembly plant in San Luis Potosi, Mexico.  As for Ford’s Michigan Assembly Plan, it is guaranteed to get new products to make under a contract signed last year with the United Auto Workers Union. Speculation is the new products will include Ford’s more profitable Ranger pickup.

Tough Luck…

Apple announced on Wednesday all initial quantities of the iPhone 7 and the new jet black iPhone 7. Customers who show up on Friday to Apple stores, when the new gadgets hit selves, will not be able to purchase the sold-out phones on site however, they will be able to place orders for the desire models online and wait for them to be shipped out. Apple launched the newest iPhone last month at an event in San Francisco. The new gadgets feature improved cameras and no headphone jack. Some analyst on Wall Street had been afraid sales of iPhone may be leveling off however, wireless carriers Sprint and T-Mobile both announced Tuesday they had received strong pre-orders for the iPhone 7. Shares of Apple have steadily risen this week, closing up on Wednesday to $111.77.


Asia: Asian stocks closed mixed on Thursday amid investor uncertainty over key central bank policy meetings next week. Markets in China, Taiwan, and South Korea were all closed for public holidays.

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

U.S:  U.S shares closed mostly lower on Wednesday as declining oil weighted on investors. DJIA: -31.98 18,034.77 NASDAQ: +18.52 5,173.77 S&P: -1.25 2,125.77

Word of The Day:

Rule 144

The regulation that sets the parameters for restricted, unregistered, and control securities to be sold or resold.

Dinner or Drink:

Warped Thursday

6 oz. cherry cola
5 oz. vodka
1/4 packet Kool-Aid® Tropical Punch mix

Empty half a can of cherry coke, pour the vodka into the can, and then pour in the Kool-Aid. Alternatively, use a 12oz glass. Stir. A kabob stick works well in the can.


Sep 14



Bayer AG and Monsanto Co have finally reached an agreement. Bayer AG will purchase the agricultural giant for around $56 billion creating the world’s largest maker of seeds and pesticides. Shareholders of Monsanto will receive $128 per share, up from its previous offer of $127.50 a share. The deal, if completed, will create a company controlling more than a quarter of the combined world market for seeds and pesticides in the farm supplies industry. But the transaction still has some bumps to go over before it closes. Anti-trust authorities are likely to securitize the deal closely and Bayer’s own shareholders have been highly critical of any merger that would risk overpayment for a merger partner and neglecting of the company’s pharmaceutical business. The two firms expect the deal to close by the end of 2017 however, if they break up because of issues with regulatory approval Bayer will pay a $2 billion fee.

Lightning Fast

The Tesla-fighting electric hatchback for the masses, Chevrolet Bold, will officially be able to travel 238 miles on a single charge betting out Tesla’s Model S, which can only go 210 miles on a single charge. The new Bolt will go on sale later this year for around $37,500 before a $7,500 federal electric vehicle tax credit. According to GM the Bolt’s range was determined in testing by the U.S. Environmental Protection Agency. It is the first mass-market electric vehicle to cross the 200-mile (322-kilometer) range, which should meet most anyone’s daily driving needs. If you are planning to get a bolt, remember you will need to set aside 9.3 hours for the vehicle to charge from near zero battery on your at home 240 volt charger.


Asia: Asia markets closed mostly lower on Wednesday after yesterday’s global sell off spurred by uncertainty over central banks’ next moves.

Europe: European markets closed lower on Tuesday as investors climb the wall of worry about what path the central banks will take.

U.S: U.S. markets tumbled again on Tuesday as investors are fleeing from risk and headed for the sidelines. DJIA: -258.32 18,066.75 NASDAQ: -56.63 5,155.25 S&P: -32.02 2,127.02

Word of the Day:

Dollar Cost Averaging (DCA)

An investment technique used by investors to buy a fixed dollar amount of a particular investment on a regular schedule ignoring the price per share.

Dinner or Drink:

Farmer’s Cocktail

1/2 oz. dry vermouth
1/2 oz. sweet vermouth
1 oz. gin
2 dashes bitters

Stir all ingredients with ice, strain into a cocktail glass, and serve.

Like our drink, click here for more.

Sep 13


Print This….

HP Inc. has agreed to buy Samsung Electronics printer business for $1.05 billion in a deal designed to help bolster the company’s offerings in the corporate high-volume printing devices markets. HP makes all things hardware like pc’s, laptops, and printers. The company was created when Hewlett-Packard spun off its personal computers division. Most of the company’s profits comes from supplying ink and toners for its printers. As part of the deal HP acquires the ability to manufacture printing engines, which are a crucial mechanism inside laser printers. Samsung developed the printing engines used in their own laser printers, while HP has used components from external suppliers. The deal, which is still subject to regulatory approval, is expected to close within 12 months.

Coming To a Mall near You

Amazon (AMZN) is planning on opening around 100 pop-up stores in malls next year. The online giant, which is credited with contributing to the demise of brick- and- mortar stores like Boarders, already has one bookstore open in the Seattle neighborhood of University Village. The new pop-ups would be slightly different selling Amazon electronics, including its own private label line of products. The pop-up stores will be small, around 300 to 500 square feet and will be located in major malls in the United States. The company has already quietly opened several of the stores in malls including the Westfield Southcenter in Seattle and the Natick Mall in Natick, Mass.


Asia: Asian markets closed mostly higher on Tuesday after better-than-expected China data and Monday’s comments from Federal Reserve Governor Lael Brainard.

Europe: European markets closed lower on Monday as investors started to question what else Central Banks can do to jumpstart the global economy.

U.S: U.S. markets surged on Monday after a Federal Reserve Governor Lael Brainard made the case to keep interests low. DJIA: +239.62. 18325.07 NASDAQ: +85.98 5,211.89 S&P: +31.23 2159.04

Word of The Day:


An economic policy advisor, usually from the Federal Reserve, who promotes monetary policies that involve low interest rates.

Dinner or Drink:

Pall Mall Martini

2 oz. gin
1/2 oz. dry vermouth
1/2 oz. sweet vermouth
1 tsp white creme de menthe
1 dash orange bitters

Stir the gin, vermouths, creme de menthe and orange bitters together in a mixing glass half-filled with ice cubes. Strain into a chilled cocktail glass, and serve.

Sep 12


Shut It Down

The U.S. Consumer Product Safety Commission has issued a warning asked user of the Galaxy Note 7 to power their phones down and avoid charging them citing reports of fires involving the phones lithium-ion batteries. The warning follows last week’s voluntary global recall of the Note 7 smartphones by Samsung. Samsung encourages owners to exchange their Note 7s, the latest addition to the company’s lineup, for a new or different product. Samsung is cooperating with the Consumer Product Safety Commission and both will soon announce an official mandatory recall. The agency said Friday the commission is working quickly to determine whether a replacement Galaxy 7 is an acceptable remedy to provide customers.

Planes, Trains, and Automobiles….

For Motor Co. (F) announce it has agreed to acquire Chariot, a popular private shuttle service in the Bay Area. Chariot, founded in 2014, currently uses 100 Ford Transit vans to shuttle riders along 28 routes around the San Francisco Bay Area, charging user an average of $4 a ride. The company develops routes and stops based on riders home and work addresses. The company also announced it will sponsor the city’s version of Citi Bikes, called Blue Ford GoBikes. Starting next year Blue Ford GoBikes will provide bikes throughout the city for customers to ride with plans to ramp up in 2018 to 7,000 bikes.


Asia: Asian markets closed lower on Monday as the global sell off continued.

Europe: European markets closed lower on Friday after a Fed official said the committee may be forced to raise rates and German exports fell in July.

U.S: U.S. markets tumbled on Friday as investors woke up from their summer slumber and realized the Fed may have to raise rates in September.  DJIA: -394.40 18085.51 NASDAQ: -133.57 5125.91 S&P: -53.49 2127.81

Word of The Day:


Extremely rapid or out of control inflation.

Dinner or Drink:

Blue Bike

1 oz. light rum
1/2 oz. Blue Curacao liqueur
1/2 oz. triple sec
1 oz. vodka
1/2 oz. sweet and sour mix


Build over ice in a highball glass. Stir before serving.

Sep 9



Wells Fargo & Co (WFC) has been slapped with a $185 million fine for “widespread illegal” sales practices including opening two million deposit and credit-card accounts without customers’ knowledge. According to Federal and local authorities, employees at the bank issued debit cards, transfer money from customer accounts to fake accounts resulting in fees for insufficient funds, opened credit-card accounts, and enrolled unknowing customers in online-banking services. All in an attempt for employees to hit their sales goals. As a result of the investigation the bank has terminated roughly 5,300 employees. Wells Fargo, the largest bank by assets, neither admitted nor denied the allegation as part of the settlement deal which settled civil claims brought by the U.S. Office of the Comptroller of the Currently, the CFPB and the L.A. city attorney’s office.


Auto giant Ford (F) will spend $640 million to replace door latches on nearly 2.4 million cars, trucks, and vans. On Thursday the company announced it would add 1.5 million vehicles to the growing list which require the door-latch to be replaced. The cost of the recall has become so costly it forced the company to cut its full-year pretax profit from $10.8 million to $10.2 billion. Customers have complained about the latch failure, which causes doors to come open while driving, since 2014. The latest recall incudes 2012-15 Ford Focus, 2013-15 Ford Escape and Cmax, 2015 Ford Mustang, Lincoln MKC and 2014-2016 Ford Transit Connect small vans.


Asia: Asian markets closed mostly lower after yesterday’s ECB rate decision and North Korea’s nuclear weapons test.

Europe: European markets closed lower after the ECB disappointed investors by not raising rates and not continuing its asset buying program.

US: U.S. markets closed lower despite higher oil as investors digested the ECB decision. DJIA: -46.23 18,479.91 S&P -4.85 2,181.30 NASDAQ: -24.44 5,259.48

Word of the Day:

Capital Markets:

The markets for buying and selling equity and debt instruments. Capital markets bring together suppliers of cash such as retail and institutional investors, and users of capital like businesses, governments, and individuals.

Dinner or Drink:

Overcast Friday

1 1/2 oz chilled vodka
1/2 oz. lime juice
1/2 oz. lemon juice
2 tbsp. corn syrup


Combine all ingredients in a cocktail shaker half-filled with ice cubes. Shake vigorously. Pour into a highball glass over several ice cubes. Add a maraschino cherry, and serve.

Have a wonderful and safe weekend, Ya’ll!

Sep 7


Shut Down

For-profit college chain ITT Educational Services (ESI) announced on Tuesday it was shutting down its campuses effective immediately. The campus closings comes days after the U.S. Department of Education banned the company from enrolling new students who use federal financial aid. The company which operates 130 campuses across 38 states, said in a statement it was with profound regret it would be ending all academic operations. The for-profit college industry has been shrinking since the government clamped down on the industry aggressive recruiting practices and enforced stricter policies intended to ensure the schools are preparing students for gainfully employment.

Moving On...

An arm of German automaker Volkswagen will buy a minority stake in parts maker, Navistar (NAV), for $256 million. Volkswagen Truck & Bus and Navistar will enter a joint procurement venture that will help source parts for both business and allow technology sharing with an emphasis on powertrain technology. Volkswagen Truck & Bus will acquire 16.2 million shares of Navistar at $15.76 a share and will name two directors to Navistar’s board. The joint venture comes as both companies are trying to move on from scandals surround vehicle emissions.’


Asia: Asian shares closed mixed on Wednesday as weaker-than-expected U.S. ISM service data lowered the changes the Fed will hike rates in September.

Europe: European markets closed lower after lower economic data and decking oil prices drove investors away.

U.S: U.S. markets closed higher despite weak economy data. DJIA +46.16 18538.12 NASDAQ    S&P 6.50 2186.48

Word of The Day:

Market Maker

A broker-dealer firm that holds a certain number of shares of a particular security in order to facilitate trading of that security. Market makers compete for customer order flow by displaying buy and sell prices for a guaranteed number of shares. Once an order is received, the market maker immediately sells from its own inventory or seeks an offsetting order from another maker. All of this happens daily in mere seconds.

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.

Sep 6



Yum Brands, owner of KFC and Pizza Hut, will sell a slice of its China operations to a prominent Chinese deal maker and the financial affiliate of Chinese internet giant Alibaba Group, as it prepares for a spinoff of the unit. This new backing could spark interest among investors in the new spun-off company after it separates from Yum Brands umbrella and starts trading separately on the New York Stock Exchange in November. The decision to separate Yum operations came after activist’s investors, including Dan Loeb’s Third Point, recommended the company overhaul its operations and spilt the company into two parts. Yum originally had huge success in building KFC into China’s most popular fast-food chain in 1987. In recent years, the company has stumbled in growth amid competition and food-safety concerns.

We Really Really Like You….

Over the weekend, Bayer AG raised its offer to buy Monsanto in an attempt to create a new global leader in seeds and pesticides. Bayer and Monsanto have been in talks since mid-May and originally Bayer had offered to purchase Monsanto for $125.00 a share however, Monsanto’s board rejected the initial offer because it was too low. The latest offer of $127.50 a share comes as the two continue constructive talks. The acquisition of Monsanto, the world largest supply of crop seeds and genes, is very important to Bayer executives who would like to create a global firm that will help farmers worldwide produce food for a growing global population.


Asia: Asian markets closed higher on Monday after the Bank of Australia decide to keep its rates unchanged.

Europe: European markets closed higher on Monday after oil prices spiked.

U.S: U.S. markets closed higher after the jobs reports didn’t meet analyst expectations causing investors to speculate a rate hike may be pushed down the road. DJIA: +72.66 18491.96 S&P: +9.12 2179.98 NASDAQ: +22.69 5249.90

Word of the Day:

Swing Trader

Traders who attempt to capture gains in a stock within a short time frame by using technical analyst to capture short-term price momentum.

Dinner or Drink:

September Morning

1 1/2 oz. light rum
1 tsp cherry brandy
1/2 oz. lime juice
1/2 tsp grenadine syrup
1 egg white


In a shaker half-filled with ice cubes, combine all of the ingredients. Shake well. Strain into a cocktail glass.

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Sep 2


Now Hiring….

The Department of Labor released their monthly jobs report on Friday. According to the NFP report the economy added 151,000 jobs in August and the unemployment rate is at 4.9% lower than what had been expected.


Samsung Electronics Co has halted sales and suspended shipments of its Galaxy Note 7 after the company received reports of exploding batteries during charging. The company confirms the problem stems from a battery cell problem and will replace the device for consumers. Samsung, the world’s largest smartphone maker by shipments, had been relying on its Galaxy phones to drive the recovery of its struggling mobile business.


Wal-Mart announced it will eliminate 7,000 positions across the U.S. in its bank offices. Earlier this year, the company eliminated similar positions at approximately 500 locations in the Western United States. The affected employees all work in accounting and invoicing positions. The reductions will be made over the next few months and employees will be given the option to move into different more client facing roles. The discount chain has been looking into way to put more employees on its sales floor, seeking to improve customer service and keeping fresh foods in-stock.


Asia:  Asian markets closed mixed as traders wait for Friday’s jobs report.

Europe: European markets closed lower on Thursday after the U.S. manufacturing report showed contraction.

U.S: U.S. markets closed flat as investor digested lackluster economic data and waited for Friday’s job reports. DJIA: +18.42 18,419.30 NASDAQ: +13.99 5,227.21 S&P: -0.09 2,170.86

Word of The Day:


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

Dinner or Drink:

Old Fashion Hurricane

4 ounces fresh squeezed orange juice
2 ounces agave nectar
2 ounces dark rum
1 ounce light rum
1 ounce orange liqueur
6 dashes bitters
Orange slices, for garnish

Fill a shaker and 2 highball glasses with ice. Add the orange juice, agave, both rums, the liqueur and bitter. Shake it ’til you drop, and then pour into the highball glasses. Garnish with orange slices.

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Have a safe and wonderful holiday weekend, Ya’ll!

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