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Oct 31

News:

We like you

General Electric (GE) and Baker Hughes (BH) have decided to merge. The new entity will be controlled by GE. Under the deal shareholders of Baker Hughes will receive a special one-time cash dividend of $17.50 a share and shares of the new company. The combined company could generate $32 billion in revenue and will compete with rivals such as Schlumberger providing equipment and services to oil rigs and wells. The deal also enables GE to benefit from an expected recovery in the oil and gas industry without having to pay for a full acquisition of Baker Hughes.

Communication

CenturyLink (CTL) announced Monday it will purchase Level 3 Communication (LVLT) in a cash and stock deal worth roughly $25 billion. The marriage will give the communication company more muscle to weather the competitive cable and telecommunication landscape.  Under the deal shareholders of Level 3 will receive $26.50 in cash and 1.4286 shares of CenturyLink for each share of Level 3 owned. Level 3 runs one of the largest internet backbones in the world and has increased its focus to small and midsize business to reverse slowing sales growth in its core business. CenturyLink, is a rural local-phone-service provider who has upgraded its network with fiber-optic lines to help compete with rivals in the cable industry.   The deal is expected to close in the third quarter of 2017.

Markets:

Asia: Asian markets closed mostly lower, after investors faced concerns over the U.S. presidential election, weak Japanese data and lower oil prices weighed on sentiment.

Europe: European markets closed lower on Friday after corporate earnings weighted on investors.

U.S: Markets lost most of their gains on Friday after a report the FBI is considering Hilary Clinton’s emails surfaced. DJIA: -8.49 18,161.19 S&P: -6.63 2,126.41 NASDAQ: -25.87 5,190.10

Word of The Day

Halloween Strategy

A strategy where an investor sells stocks before May 1 and refrains from reinvesting in the stock market until October 31.

Dinner or Drink:

Zombie

  • 1 part Aged Light Rum
  • 1 part Aged Dark Rum
  • 1 part 151 Rum
  • 1 part Apricot Liqueur
  • 3 parts Orange Juice
  • 1 dash Lime Bitters
  • Orange Peel
  • Cherries
  • Combine light rum, dark rum, apricot liqueur, orange juice and bitters in a cocktail shaker with ice. Strain into a large glass filled with ice. Top with the shot of Cruzan® 151, then garnish with the orange peel and cherries.
  • Garnish: Peel orange rind and lay flat on surface. Take circle cookie cutter and cut circle space out of the peel. Use paring knife to cut mini circles for eyes, nose and jaw of skeleton garnish.

 

Happy Halloween!!!

Oct 28

News:

Lowest

E-commerce giant Amazon.com posted its lowest quarterly profit in a year as the company invested heavily in itself, as it attempted to meet consumer demand for faster delivery. Amazon said Thursday opening new warehouse and shipping items with shorter delivery times caused its cost to soar in the third quarter. The company warned heavy continued investment in itself would continue throughout the rest of the year. Since July the company has opened 23 new warehouses worldwide to fill orders, as compared to three warehouse openings in the first half of the year. According to Chief Financial Officer Brian Olsavsky, adding all those new warehouses was a big undertaking but the retail giant is now in a good position to handle the flood of holiday orders in the fourth quarter.

Backed Out

Banks financing Gannett Co.’s, owner of USA Today, potential takeover of Tronc Inc. have backed out putting the merger of the two newspaper companies in doubt. Gannett and Tronc had agreed to a deal which priced Tronc shares at $18.75 a share, however several lenders withdrew their backing over concerns about the health of the two companies’ businesses at that valuation. Talks between the two companies are continuing in the hopes of salvaging their effort to merge. Gannett has been trying to buy Tronc for months to help create a combined company with the scale to compete more aggressively with online new sites for national readers and advertisers. Shares of Tronc plunged 28 percent to close at $12.27 on Thursday, its largest drop in more than two years. Gannett fell 17 percent to $8.21, the most the stock had dropped since June 2015.

Markets:

Asia: Asian markets closed out their week mixed on Friday as investors digested a deluge of economic data and corporate earnings.

Europe: European markets closed higher as stronger corporate earnings from the pharmaceutical and banking sector helped offset investors’ concerns.

U.S: U.S. stocks closed lower for a third day in a row as investors reacted to lower corporate earnings for several media and industrial companies. DJIA: -29.65 18,169.68 NASDAQ: -34.29 2,133.04 S&P: -6.39 5,215.97

Word of The Day:

Buyback

The purchase by a company of its outstanding shares which will reduce the number of shares on the open market.

Dinner or Drink:

Scary Mary

1 part of rum
1 part of bourbon whiskey
1 part of herbal liqueur

Layer on top of each other and shoot back. Can also be used in a test tube

Have a safe and wonderful weekend, Ya’ll!

Oct 27

News:

Chips

Chipmaker Qualcomm has agreed to buy NXP Semiconductors NV as it seeks to expand the reach of its chips from phones to cars. The deal will provide Qualcomm, best known for designing chips, with the seven factories in five countries that turn silicon wafers into chips. In addition to the factories, the NXP owns facilities that package and test chips before they are sold. Shareholders of NXP will receive $ 110 per share in cash, a premium of 11.5 percent over NXP Wednesday close.

New Toys

On Wednesday, Microsoft introduced new gadgets, as it tries to light a creative spark under the struggling personal computer industry. At an event held in New York, Microsoft showed off its new Surface Studio personal computer that turns into a digital drafting table. The Surface Studio is the company’s first ever desktop PC and a reminder of Microsoft growing presence in the hardware side of the industry.  The new machine has a sleek aluminum body with a 28-inch screen that rests on top of a stand. The new PC will not for everyone as it will set you back $2,999 price tag. The company also announced an update to it Windows 10 operating system designed to make creating, manipulating and viewing 3-D objects easier.

Markets:

Asia: Asian stocks closed lower on Thursday as investors digested a fresh round of corporate earnings from major companies across the region.

Europe: European shares closed lower on Wednesday after lack luster trading on Wall Street and declining oil prices.

U.S: U.S. markets closed lower after a volatile trading session as investors digested corporate earnings and a decline in oil prices. DJIA: +30.06 18,199.33 NASDAQ: -33.13 5,250.27 S&P: -3.73 33.13

Word of The Day:

Passive Management

A style of management associates with mutual funds and exchange traded funds, where the fund’s portfolio mirrors a particular market index like the S&P 500.

Dinner or Drink:

Devil in The Morning

  • Splash of Grenadine
  • 1 part Orange Liqueur
  • 2 parts Jim Beam® Devil’s Cut®
  • 3 parts Orange Juice
  • Garnish with Maraschino Cherries
  • Garnish with Orange Wheel

Build in order over ice in a tall glass, letting the grenadine slowly settle through the cocktail. Garnish with a half-moon orange slice and/or a cherry.

Oct 26

News:

Decline

Apple Inc. posted its first annual revenue decline in 15 years. The tech giant announced Tuesday, its annual sales fell to $216 billion in fiscal 2016, from a record $234 billion in 2015. Apple has become the most value company in the world over the last decade due to the tremendous success of the iPhone. But the formula for success is starting to become less effective with the lukewarm sales of the iPhone 6s models and slowing smartphone sales world-wide. Apple sold 45.5 million iPhones in the three months that ended September 24, down from 48 million in the same quarter a year ago. Some analysts have raised concerns the global smartphone market is saturated as customers take longer to replace their phones.

Approved

A court approved Volkswagen AG $14.7 billion settlement with consumers and government agencies. The deal offers drivers of 475,000 Volkswagen diesel powered vehicles the option of selling back the cars or waiting for a government approved fix, allowing the cars to stay on the road. The deal also provided the company to set aside $10.03 billion for consumers to receive payments between $5,100 and $10,000 a person. The settlement is the result of last year’s omission by the company that it had installed devices in the vehicles meant to trick emission test, allowing the cars to spew higher than legal levels of pollutants into the air.

Markets:

Asia: Asian shares closed mostly down on Wednesday as shares of theme park operator Ardent Leisure, tumbled after four people were killed due to a malfunctioned ride.

Europe: European markets closed mostly lower on Tuesday as investors remain cautious ahead of Bank of England governor Mark Carney going before the House of Lords economic committee.

U.S: Shaky earnings reports from companies like Whirlpool and Under Armor had investors wondering about the state of consumers. DJIA: -53.76 18,169.27 NASDAQ: -26.43 5,283.40 S&P: -8.17 2,143.16

Word of The Day:

Pink Sheets:
A daily publication, literally published on pink paper, which is compiled by the National Quotation Bureau with bid and ask prices of over the-counter (OTC) stocks, including the market makers who trade them. The companies quoted on the pink sheets, unlike those on a stock exchange, do not need to meet minimum requirements or file with the SEC.

Dinner or Drink:

White Trash Car Crash

1/2 glass beer
1/2 shot whiskey
1/2 shot Bailey’s® Irish cream

Fill a beer mug half way with your favorite domestic beer. Pour 1/2 shot whiskey of choice into a shot glass and then top shot glass with baileys. Drop shot glass in beer mug and chug.

Oct 25

News:

Agreed…

U.S. long-term-care insurance provider Genworth Financial has agreed to sell itself to Chinese investment firm, China Oceanwide Holdings Group, as low interest rates and rising costs have crippled the company. Genworth has struggled since the financial crises as one of the hardest hit by the bursting of the real-estate bubble and later ultralow interest rates. The deal comes as China Oceanwide has been gobbling up U.S. commercial and residential properties over the past two years. Founded in 1985 China Oceanwide, has grown from a local eastern China property developer into a global conglomerate that invests in banking, insurance, and technology.

Tweet This…

Twitter Inc. is planning widespread job cuts that could be announced as soon as this week. The job cuts could be as high as 8 percent of the workforce, or about 300 people. An announcement may come before the company releases third-quarter earnings on Thursday. Twitter is trying to control its spending as sales growth has slowed down. The company recently hired bankers to explore a sale, but the two companies that had expressed interest in bidding later backed out of the process.

Markets:

Asia: Asian markets closed mostly higher as South Korea’s shares fell after data showed economic growth slowed in the third quarter.

Europe: European shares closed flat on Monday despite positive economic data from the Eurozone.

U.S: U.S. markets closed higher on Monday as a slew of merger deals increased investors’ confidence. DJIA: +77.32 18,223.03 S&P: +10.17 2,151.33 NASDAQ: +52.42 5.309.83

Word of the Day:

Wealth Management

A high-level professional service which combines financial and investing advice, account and tax services, retirement planning, and legal or estate planning for one set fee.

Dinner or Drink:

Happy Go Lucky Bird

1 shot banana liqueur
1 shot coconut rum
1 shot orange juice
1-2 shot passion-fruit juice

Fill 12 0z glass 1/2 way with crushed ice. Pour 1 shot glassful of each alcohol over ice. Fill remaining glass 1/2 with OJ & 1/2 with Pasion Juice. I actually like the RUM & Passion Juice the best, so the next one I mixed 1 shot Banana & OJ to : one part each of RUM & Passion juice! Poured over crushed ice.

Like our drink, click here for more.

Oct 24

News:

I Want My MTV

On Saturday, AT&T agreed to buy Time Warner for $85.4 billion, in a deal that reflects the telecom giant’s desire to amass TV and film content which it can provide to its customers… The deal will give AT&T access to a diverse media portfolio which includes HBO, TNT, and TBS, Warner Bros. movies, theme parks and a 10% stake in Hulu. Shareholders of Time Warner, will receive $107.50 in cash and stock per share owned. The deal, which has already been approved by both board, faces an uphill battle for regulatory approval as it would be one of the largest mergers in telecom history.

Sold

Online discount broker TD Ameritrade has agreed to buy rival Scottrade Financial Services in a $4 billion deal. The deal will combine two leaders in the retail market as stock picking continues to lose favor to index investing. The combined company will have an average of 600,000 trades a day and $944 billion in client assets. Scottrade has around 3,700 employees and in 500 branches across the United States.

Markets:

Asia: Asian markets closed mixed on Monday despite data which showed Japan’s exports fell less than expected in September.

Europe: European markets closed flat on Friday as market seemed to calm down after Thursday’s ECB decision to keep rates unchanged.

U.S: After a roller coaster trading session, U.S. markets closed flat on Friday as corporate earing and merger talk’s steady nervous investors. DJIA: -16.64 18145.71 NASDAQ: -0.18 2141.16 S&P: +15.57 5257.40

Word of The Day:

Assets under Management (AUM)

The total market value of assets that an investment company or financial institution manages for its investors.

Dinner or Drink:

Spooky Juice

1 oz. Absolut® vodka
2 dashes Blue Curacao liqueur
1 dash grenadine syrup
fill with orange juice

Stir together with ice.

Oct 21

News:

The End…

After more than three decades, Snoopy and his Peanuts friends are being let go by MetLife (MET). The 149 year-old-company will end their relationship at the end of the year with the Peanuts gang as it rebrands itself ahead of a spin-off of its individual life insurance business next year. Once the spin off occurs, MetLife will focus primarily on providing businesses with employee life, dental and other insurance, as well as pension plans and annuities. Currently, MetLife pays between $10 million and $15 million annually in licensing fees to use the Peanuts gang. Originally the company included Snoopy in their ad campaigns, almost thirty years ago, as a way to make MetLife seem more friendly and approachable during a time when insurance companies were seen by consumers as cold and distant.

Just Talkin

Shares of media giant Time Warner (TWX) jumped more than 9 percent on Thursday after Bloomberg News reported the two were in initial merger talks. The discussions were described as informal and more of a “getting to know you” as opposed to a discussion on specific terms of merger. AT&T Chairman and CEO Randall Stephenson has been on the search to bring additional content and programming to the company and he may have just found a way to do it. Shares of Time Warner closed up $3.75, while shares of AT&T fell $0.73 on Thursday.

Markets:

Asia: Asian markets closed mixed on Friday as traders digested rising home prices in China and a typhoon shut down the Hong Kong market.

Europe: European market closed higher after the ECB kept rates unchanged.

U.S: U.S. shares closed in the red, snapping a two day winning streak, as investors took profits.

DJIA: +40.27 18162.35 NASDAQ: – 4.58 5,241.83 S&P: -2.95 2,141.34

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:

Pumpkin Spice Shots

  • 1 part Pinnacle® Pumpkin Pie Vodka
  • 1 part Cruzan® Velvet Cinn™ Rum
  • Cinnamon Sugar

Rim a chilled shot glass with cinnamon sugar. Shake all ingredients with ice and strain into shot glass.

Have a  safe and wonderful weekend, Ya’ll!

Oct 20

News:

Growing…

Starbucks is looking to fuel its growth by double its presents in China. Currently, the company has around 2500 stories however, it plans on doubling that number by 2021. To oversee the expansion, the coffee giant named Belinda Wong as its first CEO of Starbucks China. Wong currently serves as president of Starbucks China and has worked for the company for 16 years. According to CEO Howard Schultz, Chinese customers are spending more time and money in Starbucks than Americans. The company has been adding unique flavors to its menus to help attract Chinese customers, such as Black Forest Latte, a mix of cherry juice, cocoa powder and coffee. In September, Starbucks began selling Teavana tea at its China locations. Shares of Starbucks closed higher by $0.54 on Wednesday.

You’re In Trouble…

California Attorney General Kamala Harris has launched an investigation into allegations Wells Fargo engaged in criminal identity theft when the bank’s employees created millions of accounts without customer consent. Based on a search warrant, served on October 5, the AG is demanding the identities and account information of California customers who had any accounts, credit cards, life insurance, or other product service created without the customer’s authorizations. The warrant also demands the names of the bank employees who opened the unauthorized accounts and the names of their managers. Investigators are looking into potential violations of the states’ law banning impersonation of another and unauthorized use of personal information. Both offenses are considered felonies.

Markets:

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

Europe: European markets closed higher as oil prices continued to rise.

U.S: A rally in oil and positive economic data from the Fed’s Beige Book had investors in a spending kind of mood on Wednesday. DJIA: +40.95 18202.83 NASDAQ +2.57 5,246.41 S&P: +4.69 2,144.29

Word of the Day:

Federal Debt

The total amount of money the United States owes to creditors including individuals, business, governments, and other organizations that owns government debt securities.

Dinner or Drink:

Emerald Rain

2 oz. Hpnotiq® liqueur
1 oz100 proof Stolichnaya® vodka
1/2 oz. orange juice
1/4 freshly squeezed lime

Pour all ingredients into a shaker with ice and shake well. Serve in a very cold cocktail glass or over ice in any other glass. Easy to make and an instant hit!

Oct 19

News:

Falling…

Foreign holdings of U.S. Treasury bonds fell again in August as China, the largest foreign owner of U.S, debt, trimmed its holdings for the third straight month. The Treasury Department announced Tuesday foreign holders of U.S. debt dropped 0.8 percent to $6.20 trillion in August following a 0.5 percent decline in July. In addition to China Japan, the second largest foreign holder, also reduced their holdings by 0.9 percent to #1.14 trillion in August.

Better

Yahoo announced Tuesday an increase in third-quarter profit and usage of its email products despite disclosing a massive data breach last month. The number of mail messages sent and read, as well as the number of page views, rose slightly. The company posted a quarterly earnings of $162.8 million, or 17 cents a share and issued a stronger-than-expected earnings outlook for the 4th quarter. The only rain dampening Yahoo’s parade… deterioration in its core advertising business. Third-quarter revenue excluding commissions paid to partners fell 14% to $857.7 million, the seventh decline in the past eight for the key metric.

Markets:

Asia: Asia markets closed mostly higher after China’s GDP grew at a steady pace in the third quarter.

Europe: European shares closed higher as investors reacted to corporate earnings.

U.S: More upbeat quarterly earnings helped lift U.S. markets, DJIA: +75.54 18162 S&P +13.10 2139.60 NASDAQ +44.01 5243.84

Word Of The Day:

Treasury Bond (T-Bond)

A fixed-interest U.S. government debt security with a maturity of more than 10 years. Known as a risk-free investment because they are issued and backed by the U.S. government with very little risk of default.

Dinner or Drink:

Ghostini

  • 1 part DeKuyper® Crème de Cocoa White Liqueur
  • 2 parts Jim Beam® Jacob’s Ghost® White Whiskey
  • 2 parts Cream

Add ingredients to an ice-filled shaker. Shake and strain into a martini glass.

Oct 17

News:

Leavin

Hershey announced Friday its CEO, John Bilbrey will retire from the chocolate company next year. The news comes less than three months after Oreo cookie maker Mondelez ended talks with the company in a deal that would have brought the world’s best known chocolate and snack brands together. Bilbrey will leave on July 1 2017 however, he will stay on as a non-executive chairman. The selection of a new CEO could determine not only the company’s financial performance, whether the Hershey trust will cotinine to rely on company as its main asset.

Less Is More

PepsiCo pledged Monday to significantly reduce the calorie count of the company’s beverages as the company looks to counter health concerns about sugar-sweetened beverages. According to Pepsi by 2025, at least two-thirds of the company’s beverages will contain 100 calories or less 12-ounces. Pepsi will also increase their focus creating zero or lower-calorie products. The new pledges comes as the company embarks on a new initiative to make products that meets the changing needs of the consumer.

Markets:

Asia: Asian markets began their week down as gaming shares across the region took a hit after China supposedly detained several staff members at Australia’s largest casino companies.

Europe:  European shares closed out the week in the green as better-than-expected inflation date from China, a strong rally in banks, and positive morning trading on Wall Street helped lift investor sentiment.

U.S: U.S. markets closed lower on Friday after stocks gave up large gains, as investors dumped high divided stocks after bond yields jump. DJIA: +39.44 18,138.38 S&P: +0.43 2,132.98 NASDAQ: +0.83 5,214.16

Word of the Day:

Speculator

A person who trades stocks, bonds, derivatives, commodities, or currencies looking for a higher-than-average profit potential.

Dinner or Drink:

The Rider

  • 1 part Jim Beam® Devil’s Cut®
  • 1 part Jim Beam® Honey
  • 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.

Oct 14

News:

Closed…

Office Depot will join the growing list of stores which will be closed for Thanksgiving. The office supply chain announced Thursday it would close this year after being open for the holiday the last three years. The decision was reached after the company weighed both business and personal factors. Shoppers can still find deal and purchase items on online Thanksgiving but will have to wait to shop in stores until 6 am Black Friday.

Now Hiring

Amazon plans to hire 120,000 seasonal workers, a 20 percent boost from a year ago, to meet demand as more and more people shop online for the holiday season. The new jobs will be created at fulfillment centers, sorting centers and customer service sites in 27 states. The National Retail Federation expects this year’s holiday sales for November and December to rise 3.6 percent to $655.8 billion.

Markets:

Asia: Asian markets closed higher on Friday as the price of oil rallied and the continued ongoing debate of when the Fed will raise rates had investors in a buying mood.

Europe: European stocks tumbled on Thursday after China reported weaker economic data.

U.S: U.S markets closed lower on Thursday after economic data from China rattled markets. DJIA: -45.26 18,098.94 S&P: – 6.63 2,123.55 NASDAQ: -25.69 5,213.33

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:

Boozy Pumpkin Shake

  • 1 1/2 parts Amaretto Liqueur
  • 1 1/2 parts Bourbon
  • 1/2 can Pumpkin Puree
  • 2 scoops Ice Cream
  • 1 dash Vanilla Extract

Add all ingredients to a blender. Blend until smooth and serve

Have a safe and wonderful weekend, Ya’ll!

 

Oct 13

News:

Outta Here

On Wednesday, Wells Fargo announced John Stumpf, who had been under fire for the bank’s sales-tactics scandal and the handling of its fallout, stepped down from both roles effective immediately. Stumpf will be replaced by heir apparent Chief Operating Officer Timothy J. Sloan. There will be no severance package for Stumpf. Earlier this month, Wells Fargo boards, at Stumpf’s own recommendation, decided he should relinquish $41 million in unvested equity, one of the largest-ever forfeitures of pay by a bank chief. Don’t worry… Stumpf still retires with tens of millions of dollars he earned during his nearly 35 years at the bank.

Inside Your Head

Minutes of the Federal Reserve September meeting were released yesterday. The minutes showed Fed officials inching closer to hiking rates for the first time since last December. Members of the committee called their decision to keep rates unchanged last month a “close call” believing the case for a rake hike had strengthened in recent months. The committee decided to hold off, given inflation remains below their 2 percent target and little sign of wage pressures. Official believe it would be appropriate to raise rates relatively soon if the labor market keeps improving. Most economists predict the Fed will keep rates unchanged in November but will raise rates by a quarter-point in December.

Markets:

Asia: Asian markets closed mixed on Thursday despite soft economic data from China.

Europe: European markets closed lower after the pound recovered from this week’s highs.

U.S: U.S. markets closed flat on Wednesday after the Fed minutes came without any surprises. DJIA: +15.44 18144.20 NASDAQ: -7.77 5329.02 S&P: +2.45 2139.18

Word of the Day:

Prospectus

A legal document, required by and filled with the Securities and Exchange Commission that provides details about an investment offering for sale to the public. A prospectus contains the facts that an investor needs to make an inform investment decision. Also known as an “offer document”.

Dinner or Drink:

Black Widow Martini

  • 3 parts Pinnacle®
  • 2 parts DeKuyper® Razzmatazz® Schnapps Liqueur
  • 1 part DeKuyper® Triple Sec Liqueur
  • 1 part Pomegranate Juice
  • 1 part Lemon Juice
  • Black Licorice Strings

Add ingredients to an ice-filled shaker. Shake and strain into a chilled martini glass. Garnish with black licorice strings (optional)

Oct 12

News:

On The Go

Amazon has plans to introduce convenience stores as well as curbside pickup locations, pushing the company deeper into the grocery business. The company is planning on building small physical stores that will sell produce, milk, meats, and other perishable items. Customers can use their mobile phone or possibly touch screens in store to order goods with longer shelf lives, like peanut butter or cereal, which will be delivered same-day. The company is also developing license-plate reading technology for customers who are seeking a quicker checkout. The company will soon roll out dedicated drive-in locations where online grocery orders will be brought to customers cars. For now, new stores are slated exclusively for customers of Amazon’s Fresh subscription services, which promises same day food delivery at set times. Last week the company dropped its annual fee of $299 for Fresh and instituted a $15 monthly fee, available to members of its $99-a year Prime delivery service.

Recall…

Toyota Motor Corp announce it is recalling 340,000 gas-electric Prius cars around the world for a defect in their parking break. Toyota has received reports of crashes, injuries, and deaths caused by the issue.  According to the company the parking brake cable can disengage causing the brakes to stop working potentially causing vehicles to roll away from their parked locations and crash. The recall effects 94,000 vehicles in North America which were manufactured in Japan from August 2015 through October 2016.

Markets:

Asia: Asian markets closed lower on Wednesday as investors continue to run away from shares of Samsung.

Europe: European shares closed mixed on Tuesday after investors worry about the potential of a hard Brexit.

U.S: U.S. markets tumbled on Tuesday on declining oil prices and the start of earning season. DJIA: -200.38 18,128.66 S&P: -26.93 2,136.73 NASDAQ: -81.89 5,246.79

Word of The Day:

Paper Dealer

A market maker who buys and sells short-term corporate bonds called commercial paper.

Dinner or Drink:

Red October

Bacardi® gold rum
Arbor Mist Passion wine
cranberry juice

Mix about 6-8 oz. of bacardi gold, 8 oz. of Arbor Mist, and 8 oz. of Cranberry together in a shaker over ice…shake and pour into cocktail glasses…enjoy!

Oct 11

 

News:

 

Work, Work, Work…

 

On Monday, Facebook (FB) launched a new enterprise version of Facebook called Workplace, which will support chat and collaboration within businesses. Currently more than 1,000 organizations use the tool, previously known as Facebook at Work. Workplace resembles Facebook’s main app as it lets users post their work, follow a feed of colleagues’ updates, discuss group projects, or watch live videos.  Workplace accounts are ad-free and are separate from a user’s personal Facebook account. Workplace also looks a bit more subdued than its cousin Facebook, using a gray color scheme. The new version will create a new revenue stream for Facebook. While the tool is free for nonprofits and educational institutions, other organizations pay a monthly rate based on the number of monthly active users. Rates go from $3 per employee for the first 1,000 employees, $2 per employee for 1,001 to 10,000 users and $1 per employee for more than 10,000 users.

 

Done….

 

Samsung Electronics announced Tuesday it would permanently discontinue production and sales of its Galaxy Note 7 smart phone. The move officially pulls the plug on the premium product whose botched recall has inflicted damage to both customers and the Samsung brand. In a filling with South Korean regulators, the company said it would permanently cease productions and sales of the device flowing a string of reported incidents in which both the original and replacement Galaxy 7 overheated and in some cases caught fire. Samsung is asking customers to immediate cease using the Galaxy 7, permanently turn the phone off, and return the device to stores for a full refund. The move comes on a day when investors have wiped off around $17 billion from Samsung’s market capitalization, as investor digested the ramification of discounting productions, more than month after it launched its initial recall of the smartphone.

 

Markets:

 

Asia: Asian markets closed mixed as investors reacted to news from Samsung.

 

Europe: European markets closed higher on Monday after oil prices stated a strong comeback.

 

U.S. Markets closed higher on Monday as oil prices spike on comments from Russian President Putin that he would support international efforts to limit oil supplies.  DJIA: +88.55 18329.04 NASDAQ: +36.27 5328.67 S& P 500 +9.92 2163.66

 

Word of the Day:

 

Limit order

 

A limit order is a profit order placed to either buy or sell a set amount of stock or bonds at a specific price or better. If the price parameters are not met that day the order stays out until the price is achieved.

 

Dinner or Drink:

 

Fire Starter

 

1 1/2 oz. vodka

1 oz. triple sec
1 oz. peach schnapps
1 oz. sloe gin
1 1/2 oz. Coca-Cola®

Pour all ingredients into a highball glass filled with ice cubes. Stir well, and serve

Like our drink today, click here for more.

 

 

 

 

Oct 10

News:

 

Halted….

Samsung Electronics will temporarily halt production of its troubled Galaxy Note 7, the latest setback for the South Korean technology giant. The move comes after a rash of fresh repots the companies’ replacement phones still overheat and cause fires.  The new incidents have raised questions about the company’s initial explanation of the battery problem. Samsung originally said the fires were caused by one of its battery suppliers, which supposedly the company stopped using and didn’t use for any replacement phones in the U.S. While Samsung has not confirmed the latest reports of issues with the Galaxy Note 7’s replacement phones, it did say in a statement Sunday it is working with authorities including the U.S. Consumer Product Safety Commission to investigate the new incidents. AT&T, Verizon, and T-Mobile have now stopped exchanging the Note 7 or selling them to customers. Instead, customers who have not exchange their Galaxy Note 7 can either select another device or get a full refund.

Flying High…

Gulf Carrier Qatar Airways ordered 40 Boeing Co wide body jets valued at $11.7 billion and signed a letter of intent for up to 60 narrow body 737 MAX 8 jets worth $6.9 billion, The agreement for up to 100 jets is potentially worth $18.6 billion helps fill out the plane maker’s order book in a year when sales have slowed sharply, and amid tough price competition with rival Airbus. Qatar’s order will likely further intensify concerns among U.S. airlines who content the Gulf carriers receive unfair subsides.

Markets:

Asia: Asian markets closed mixed on Monday as oil prices declined slightly.

Europe: European markets closed down after Friday’s early mornings flash crash of the British pound and news the U.S unemployment rate ticked up slightly.

U.S:  US markets closed flat on Friday after a solid jobs report make investors wonder what the Fed will do.  DJIA -28.01 18140. 49 S&P -7.03 2153. 74 NASDAQ -14.45 5292.41

Word of The Day:

Unicorn

A company, usually a start-up that does not have an established performance record, with a stock market valuation or estimated valuation of more than $1 billion.

Dinner or Drink:

Ticket To Ride

1/4 Bacardi® white rum

1/4 Smirnoff® vodka
1/4 Jose Cuervo® gold tequila
1/4 triple sec
pina colada mix
grenadine syrup

In a blender, Mix the Rum,Tequila, Vodka and Triple Seq together.

Next add enough Pina Colada mix to fill the blender half way. Then add just enough grenadine to give the drink a slight pinkish coloring.

Finally add ice and mix everything in the blender

 

 

Oct 7

News:

Jobs, Jobs, Jobs….

On Friday, the Department of Labor released its monthly NFP jobs report. According to the report the overall economy added 156,000 jobs in September.  The unemployment rate is now at 5.0%.

Cut…

Troubled German bank, Deutsche Bank, announced Thursday it would eliminate 1,000 full-time jobs in Germany as part of job cuts the embattled lender announced last year. The announcement comes as the bank faces a series of challenges. Deutsche Bank shares have plunged more than 50 percent over the last year after investor became concern about the speed at which the business is turning itself around after poor financial results, a failing grade in June’s banking stress test, and most recently the chance of a multi-billion dollar fine from U.S. regulators. The latest job cuts are part of an aggressive plan announced last year by Deutsche’s chief executive, to overhaul the lender and eliminate as many as 35,000 jobs. Investors seemed to like the announcement as shares of the bank jumped 1% in afternoon trading in Germany.

Markets:

Asia: Asian markets closed out the week down after the British pound dropped sharply in early trading and as investors hung out on the sidelines and wait for the U.S. NFP jobs report.

Europe: European markets closed lower on Thursday as investor remain caution ahead of Friday’s payroll report.

U.S:  U.S. stocks closed flat on Thursday as investors look toward Friday’s job report. DJIA: -12.53 18,268.50 NASDAQ: -9.17 5,306.85 S&P: +1.04 2160.77

Word of The Day:

Leading Indicator

A measurable economic factor that can indicate a change in the economy before it starts to follow a particular pattern or trend. For example, bond yields are thought of as leading indicators because bond traders anticipate and speculate trends in the economy. Leading indicators are used to help predict changes in the economy however, they are not always 100% accurate.

Dinner or Drink:

Candy Corn Margarita

  • 6 parts Blue Silver 100% Agave Tequila
  • 1 can Frozen Limeade
  • 3 parts Triple Sec Liqueur
  • 8 parts Orange Soda
  • 8 parts Light Beer
  • Candy Corn

In a pitcher combine all ingredients. Chill and serve on a plate filled with Candy Corn.

Like our drink today, click here for more.

Have a safe and wonderful weekend, Ya’ll!

Oct 5

News:

New Gadgets...

Google unveiled several new gadgets on Tuesday as the company aims to assert itself in the market as a strong competitor to Apple and Samsung. Among the new gadgets the company’s long awaited entry into the smart phone market called Pixel. The new Pixel has among other features, a highly touted camera with unlimited storage and will run Google’s version of Apple Siri. During Tuesday’s event the company also unveiled Google Home, a Wi-Fi enabled, voice-controlled device that will use Google Assistant to play music or answer questions. Google also spent a lot of time introducing its Daydream View, a virtual reality headset. The Daydream View will be available in November priced at $79.

Downgrade….

The International Monetary Fund (IMF) has downgraded their forecast for the U.S. economy this year and warns political discontent threatens global growth. On Tuesday, the fund cut its estimate for U.S. economic growth in 2016 to 1.6 percent down from 2.2 percent it had predicted in July.

Now Hiring

On Wednesday, private payroll provider ADP released its monthly jobs report. According to the report the private sector created 155,000 jobs below analyst expectations of 166,000. Next stop, Friday’s NFP jobs report which tells us how many jobs the overall economy added.

 Markets:

Asia: Asian indexes closed mixed on Wednesday after comments from a Fed official had the dollar climbing.

Europe: European markets closed higher as investor place bets on the effects of a lower U.K currency.

U.S: Stocks fell on Tuesday, as investors become more nervous about the timing and the pace of any additional rate hikes. DJIA: -85.40 18,168.45 S&P: -10.71 2,150.49 NASDAQ: -11.22 5,289.66

Word of The Day:

Credit Risk

The risk investors could lose their principal or financial reward when a borrower fails to repay a loan or otherwise meet a contractual obligation. Investors are compensated for assuming credit risk by higher interest payments from the borrower or issuer of a debt obligation.

Dinner or Drink:

The Italian Job

4 shots vodka
3 oz. Cointreau® orange liqueur
5 oz. pineapple juice
fill with blackcurrant squash
top with fresh cream

Whisk with a fork, until all mixed in. Add cream after mixing.

 

 

 

 

Oct 4

News:

We got a big one

Bass Pro Shops will acquire rival Cabela’s for around $4.5 billion in cash. The deal will unite two of the largest sellers of outdoor-sports gear and rivals. Both companies were pioneers of stores that doubled as both shopping centers and entertainment destinations while earning a cult like followings.  The new combined company will create a national chain with more than 180 locations, around 40,000 workers and control of more than 20% of the $50 billion U.S. hunting, camping, and fishing market. Bass Pro Shops founder, John Morris, will serve as chief executive of the combined company.

Really….

Best Buy Co. has agreed to pay a $3.8 million civil penalty to the U.S. Consumer Product Safety Commission, settling charges it sold recalled products including cameras, computers, and washing machines. According to the commission, the retailer sold around 600 recalled items from September 2010 through October 2015, including more than 400 Canon cameras recalled for causing skin irritations. Best Buy cooperated fully with the investigation and regrets any products that were sold and not removed after recall notifications were issued. The company has taken steps to prevent the issue from recurring again.

Markets:

Asia: Asian markets closed higher on Tuesday despite Monday’s negative handoff from Wall Street.

Europe: European stocks closed flat on Monday as investors eyed new developments in the Deutsche Bank settlement and Britain’s Brexit process.

U.S: U.S. markets closed lower on Monday as investors focused more on the timing of the next rate hike and less on data showing U.S. manufacturing is picking up. DJIA: -54.30 18,253.85 NASDAQ: -11.13 5,300.87 S&P: -7.07 2,161.20

Word of The Day:

Dividend Reinvestment Plan- DRIP

A plan offered by publically traded companies that allows investors to reinvest cash dividends paid by the company to purchase additional shares or fractional shares on dividend payment date.

Dinner or Drink:

Fishing For The Sun

3 cups orange bitters
1 cup peach sorbet
1 cup 7-Up® soda
5 slices mangos

Pour all ingredients into bowl. Add mango slices on the edge of the bowl as decoration. You could also let mangos float in the mixture.

Like our drink today, click here for more.

Oct 3

News:

The End

AT&T will discontinue the collecting of web-browsing information from its broadband customers. Introduced in late 2013, the program charged $29 extra for households that prefer to withhold their browsing information form the company which used it to sell targeted advertising. The company said it will drop the fee and collect the data itself instead of paying an outside service. The move comes as the Federal Communications Commission is weighing customer-privacy rules for internet-access providers, including a requirement to obtain customers permission to use their browsing data.

Money, Money, Money

Volkswagen AG has agreed to pay 652 of its U.S. dealers as much as $1.2 billion in compensation for issues that stemmed from the company’s emissions-cheating scheme. Dealer will receive an average payout of $1.85 million apiece in the settlement. Franchised dealers have been stuck holding inventory since the scandal, which caused a decline in the value of their dealerships and damaged reputations. This could be one of the last pieces before the German automaker can put the scandal to rest. Over the summer Volkswagen agreed to pay nearly $15 billion in a separate settlement with federal regulators and consumers.

Markets:

Asia: Asian markets closed higher on Monday as investors contemplated the possibility of a settlement between Deutsche Bank and the U.S. Department of Justice.

Europe: European markets closed higher on the continued oil rally.

U.S: U.S. markets closed the last trading day of the month and quarter in the green after news surfaced Deutsche Bank may negotiated a smaller fine. DJIA: +164.70 18,308.15 NASDAQ: +42.85 5,312.00 S&P: +17.14 2,168.27

Word Of The Day:

Foreign Exchange Reserves

Assets held by a central bank in foreign currencies used to back liabilities in their own currency as well as influence monetary policy.

Dinner or Drink:

Autumn Sweater

2 tablespoons rye whiskey

1 tablespoon amaro bitter liqueur (such as Averna)

1 tablespoon amaro herbal liqueur (such as Amaro Nonino)

1 tablespoon maple syrup

Dash of maple bitters (such as Urban Moonshine)

Dash of orange bitters

1 (3-inch) orange peel

2 whole cloves

Combine first 6 ingredients in a cocktail shaker filled with ice cubes. Cover with lid, and shake vigorously until thoroughly chilled (about 30 seconds). Strain into a 10-oz. glass filled with ice cubes. Twist orange peel over drink to release essential oils, and rub peel over glass rim. Insert cloves into peel, and add to drink.

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