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Nov 29

Highlights:

Its Hip To Be Square….

Insurance giant Allstate Corp. announced Monday it has agreed to acquire privately held Squaretrade Inc., which sells warranties on electronic products. The deal, worth $1.4 billion, will help Allstate expand its presents into new markets and products. SquareTrade has been a disruptive force in the electronic warranty space because of its online sales model, pricing, and the information the company provides consumers about failure rates of products. Headquartered in San Francisco, Squaretrade’s customers include major retailers such as Amazon, Costco, Sam’s Club, Target, and Office Depot. The deal, which still needs regulatory approval, is expected to close in January. Share of Allstate slipped in after-hours trading.

Time

Shares of news magazine publisher Time, surged more than 17% on Monday after reports claimed it has been approached by private investors. Edgar Bronfman Jr, former chairman and CEO of Warner Music, and Access Industries have teamed up together to potential buy the magazine publisher for $18 per share, a 30% premium over Friday’s closing price. According to a report in the New York Post, the offer has been rejected by Time’s board. Time’s publishing business included brands like People, InStyle, and Sports Illustrated.

Markets:

Asia: Asian markets closed mostly down on Tuesday after South Korea’s president agreed to step down.

Europe: European shares closed lower on Monday, as investors wait cautiously for Saturday’s referendum in Italy.

U.S: U.S. markets closed lower on Monday as investors took profits after the recent Trump rally. DJIA: -54.24 19, 097.90 Nasdaq:  -30.11 5,368.81   S&P: -11.63 2,201.72

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:

Waste of Time

1 oz. Midori® melon liqueur
1 oz. white rum
1/2 oz. amaretto almond liqueur
2 oz. pineapple juice

 

Shake, strain into a cocktail glass, and serve.

Like our drink today, click here for more.

Nov 28

Highlights:

Upward…

Starting in January, American Express will charge its customers as much as $38, if they are late on making their payments more than once in a six-month period. The new fee is $1 more than the highest amount the credit card company has ever charged for late fees and puts Amex at the maximum allowed under the updated Consumer Financial Protection Bureau guidelines. Amex is looking forward to the extra money added to its bottom line as the company’s revenue has continued to decline in recent years. Late fees for all credit cards were capped by the 2009 Card Act. Before the act, late fees averaged around $39. In 2013 the Credit Financial Protection Bureau set the maximum for repeat late payments at $35. Later it raised the cap to $37 and in June the agency decided to increase the fees 2.7% to $38 starting in January 2017.

Cord Cutting

On Monday, AT&T will unveil its long awaited over the top video service, as the company attempts to attract “cord cutters”. The new service, called Direc-TV Now, will set you back $35 a month but includes 100 live streaming television channels. Steaming video to TVs, mobile phones, and tablet eliminates the need for satellite dish, cable box, or annual contracts. What makes Direc-TV Now different from Hulu or Netflix is its ability to provide a full cable line up. AT&T has been negotiating with channel owners like 21Century Fox’s Fox cable network, Walt Disney and Time Warner however, it has yet to strike a deal with CBS.  AT&T could be shooting themselves in the foot as it just may convince some of its existing customers to make the switch to streaming TV however, the company doesn’t agree saying it will be going after 20 million US customers who have already cut the cord.

Markets:

Asia: Asian markets closed mixed on Monday as oil prices decline after investor’s hope of an output deal diminish.

Europe: European shares closed higher on Friday as investors continued to buy, buy, buy.

U.S: U.S. markets closed higher on Friday as investors took advantage of a shortened trading session and went on a Christmas shopping spree. DJIA: +68.96 19,152.14 S&P: +8.60 2,213.32 NASDAQ: +18.24 5,348.92

Word of The Day:

Earnings Per Share

The portion of a company’s profit allocated to each share of outstanding share of common stock.

Dinner or Drink:

Holiday Cocktail

1/2 oz. Cointreau® orange liqueur

1/2 oz. vodka
1 oz. cranberry juice
3 oz. Champagne

Mix Cointreau, Vodka and Cranberry juice in shaker with ice.

Strain into glass, top with champagne.

Garnish with fresh cranberries and/or orange slice.

 

 

 

Nov 23

Highlights:

Family Addition

Soda giant Dr. Pepper Snapple Group will be adding a new member to its family of products. On Tuesday, the company announced it will buy Bai Brands, maker of antioxidant and other healthier beverages, for $1.7 billion.  Bai, makes healthier drinks like Bali antioxidant infusion, Bai Bubbles, Antiwater, and Cocofusions. The move will help Dr. Pepper diversify its drink portfolio amid growing sentiment by consumers to move away from sugary soft drinks.

Delay….

U.S. auto safety regulators will allow General Motors to delay its large recall of potentially defective air bags, giving the company time to prove that the devices are safe and possibly avoid a huge financial hit. In May GM agreed to recall 2.5 million of its vehicles to replace Taketa front- passenger inflators. Last week the auto giant petitioned the government to delay the massive air bag recall until August 31, 2017. The date could move farther into the future or even be canceled if GM cannot prove to government regulators the inflators in the airbags are safe. The potential recall covers many popular full-size SUVs model years 2007 to 2011, GMC Sierra picks and the company’s popular Silverado pickups.

Markets:

Asia: Asian markets closed mixed on Wednesday after a positive hand off from the U.S. Japanese markets were closed.

Europe: European markets closed higher after Wall Street hit record highs during its morning trading session.

U.S: U.S. markets closed higher on Tuesday with the Dow Jones closing at a record setting 19,000, as investors continue their frenzied buying. DJIA: +67.18 98,023.87 S&P: +4.76 2,202.94 NASDAQ: +17.49 5.386.35

Word of The Day:

Exchange Traded Funds (ETF)

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

Dinner or Drink:

Bourbon Cider Sour

  • 2 parts Bourbon
  • 3 parts cold Apple Cider
  • 1 1/2 parts Orange Juice
  • 3/4 part Simple Syrup
  • Apple Slices

Combine the bourbon, apple cider, orange juice, and simple syrup. Stir. Serve over ice with an apple slice.

Happy Thanksgiving!

Nov 22

Highlights:

Transfer

Sunoco Logistics Partners LP has agreed to purchase Energy Transfer Partners LP in a $ 21 Billion all-stock deal which will combine and simplify a network of giant pipeline firms. Energy Transfer Partners has been struggling to grow after this year’s failed merger and extended delays in the construction of the controversial Dakota Access pipeline. The two businesses are among five publicly traded partnerships, Penn Tex Midstream, Sunoco LP, and Energy Transfer Equity LP, all controlled by Dallas billionaire Kelcy Warren. The deal is the latest in a string of mergers in the midstream energy storage and pipeline sectors. Both Sunoco Logistics Partners and Energy Transfer Partners closed lower in Monday trading.

Cyber Friday…

Retail giant Wal-Mart announced Monday it will kick off its Cyber Monday deals at 12:01 am EST this Friday in a move that could grab customers ahead of its competitors. Last year customer of the retailer could start buying Cyber Monday deals on the Sunday evening after Thanksgiving. Wal-Mart has boosted its online inventory by more than half this year in anticipation of the earlier start to Cyber Monday.

Markets:

Asia: Asian markets closed in the green on Tuesday after damage from the earthquake appeared to be moderate.

Europe: European shares closed higher as investors continue to buy cyclical stocks betting the U.S. presidential election result might revive global inflation.

U.S:  U.S. equities closed higher on Monday as a rally in oil had investors going on a shopping spree. DJIA: +88.76 18,956.69 NASDAQ:  +47.35 5.368.86 S&P: +16.28 2,198.18

Word of The Day:

Santa Claus Rally

A surge in stock prices which occurs in the week between Christmas and New Year’s Day. Numerous explanations for the Santa Claus Rally phenomenon includes tax considerations, Wall Street happenings, people investing their Christmas bonuses and the fact that the pessimists are usually on vacation this week.

Dinner or Drink:

Holiday Punch

  • 2 parts9 Spiced Rum
  • 3 parts Blood Orange Soda
  • 1 part Orange Juice
  • 2 parts Pomegranate Juice
  • 2 parts Soda Water

Combine all ingredients in a punch bowl and stir for 30 seconds. Serve over ice with a blood orange slice for garnish.

 

Nov 21

Highlights:

Protection

Identity theft protection company, LifeLock, has agreed to be acquired by security software maker, Symantec Corporation in an all cash deal valued at $2.3 billion. Shareholders of LifeLock will receive $24 a share for each share owned, a 16% premium over its closing price of $20.75 on Friday. The deal will help broaden Symantec’s portfolio as the company works to break away from traditional antivirus software space. Symantec hopes to integrate Life Lock with its Norton antivirus software business creating a single product. Life lock currently has more than 4.4 million subscribers. Last year LifeLock agreed a $113 million fine to settle deceptive advertising charges by the Federal Trade Commission.

Drug Deal…

Pharma giant Novartis AG has agreed to acquire Selexys Pharmaceuticals, a developer of therapeutics for blood and inflammatory disorders, the deal is worth $665 million and will help Novartis expand it pipeline of medicines to combat blood diseases. The move came after the results of Selexys trial of its treatment of pain related to sickle-cell disease was successful. Shares of Novartis fell 1.5% in early morning trading.

Markets:

Asia: Asian markets closed mostly higher on Monday as the dollar rally took a breather and oil prices rallied.

Europe: European equities closed lower on Friday, as mining and energy stocks bared the blunt of the selloff following a rally in the dollar.

U.S: U.S. markets closed mostly lower on Friday as investors digested remarks from Federal Reserve officials and falling oil prices. DJIA: -35.89 18,867.93 NASDAQ: -12.46 5,321.51 S&P: -5.22 2,181.90

Word of the Day:

Window Dressing:

No outfits here… A strategy used by mutual fund and portfolio managers near quarter or year end to improve the appearance of performance. To window dress, a fund manager will sell stocks with large losses and purchase high flying stocks therefore, improving the performance of the fund.

Dinner or Drink:

Royal turkey

1 oz. bourbon whiskey
1 oz. sloe gin
1 oz. apricot brandy
2 oz. pineapple juice
3 oz. 7-Up® soda

 

Shake all ingredients (except 7-up) and strain into an ice-filled Pina colada glass. Add 7-up, garnish with fruit slices, add straws and serve.

Nov 18

Highlights:

Cost Cutting

Volkswagen announced it will cut 30,000 jobs in a wide-ranging restructuring, as it continues to recover from the car rigging scandal. The Germany company said the job cuts are part of a long-term plan to improve profitability and shift resources to electric-powered vehicles. The jobs cuts will come from Germany and along with other saving measures will help the company save $4 billion a year starting in 2020. The scandal has brought major changes to the auto maker including addressing high fixed costs at its manufacturing locations in German and excessive top-down management that many say created the environment that enabled cheating.

Fine….

Regulators have slapped JPMorgan Chase with a $264 million fine stemming from the banks Sons & Daughters hiring program in China. The program hired unqualified children of Chinese officials so the bank could win lucrative business from the countries key decision makers and then tracked how often the hires turned into deals. The settlement follows a three-year investigation of the bank and marks one the first major crackdown on a U.S bank who broke the Foreign Corrupt Practices Act. Known as FCPA, the act prohibits companies from making payments of any kind or giving anything of value to foreign officials to win business.

Markets:

Asia: Asian markets closed mixed on Friday as a weaker yen had investors running out of exports.

Europe: European shares closed higher on Thursday, as testimony from Federal Reserve President Yellen boosted investor confidence.

U.S: U.S. markets closed higher on Thursday after comments from Fed head Yellen hinted a rate hike in December is imminent. DJIA: +35.68 18,903.82 S&P: +10.18 2,187.12 NASDAQ: +39.39 5,333.97

Word of The Day:

Inflation

The rate which the general level of prices for goods, and services is rising while consumer purchasing power is falling.

Dinner or Drink:

Pumpkin Pie Martini

  • 1/2 part DeKuyper® Buttershots® Schnapps
  • 1/2 part Pinnacle® Whipped® Vodka
  • 1/2 part Cruzan® 9 Spiced Rum
  • 2 parts Half and Half
  • 1/2 part Pumpkin Puree
  • 1 dash Pumpkin Spice
  • Whipped Cream

Add ingredients to an ice filled shaker. Shake and strain into a martini glass. Garnish with whipped cream.

Like our drink, click here for more.

Have a safe and wonderful weekend, Ya’ll!

 

Nov 17

Highlights:

Misleading

Facebook (FB) announced it has uncovered more flaws in measuring data related to how consumers interact with content, raising more questions about the metrics marketers use when deciding where to invest their money on the social-media network. The company disclosed Wednesday, during an internal audit the company discovered discrepancies, or bugs, that led to the under-counting or over-counting of four measurements, including the weekly and monthly reach of marketers’ posts, the number of full video views, and the time spent with publishers Instant Articles. Companies use all these metrics and sometimes more to budget and spend their advertising dollars. According to Facebook, none of the miscalculated metrics affected Facebook’s billing. Still, the latest errors admission may trouble advertisers and web publisher making them think twice about deploying ad money to the social media giant. Going forward the company plans to incorporate more independent verification of its metrics in a move the company hopes will smooth over the issue with advertisers.

Small Store

Target announced it will open hundreds of small format stores in the near future helping reshape the big-box chain’s image and real estate footprint. Currently, the chain operates 30 small-format locations which are designed to cater to the tastes and needs of the specific neighborhood where it is located. Take the chain’s new store in Tribeca whose design was created as a one stop shop for customers, including fresh organic groceries, and merchandise categories such as wellness and fashion. The new smaller-format stores are a way the company can reach customers who might otherwise not shop at Target stores.

Markets:

Asia: Asian markets closed lower on Thursday as oil prices continue to decline.

Europe: European markets closed lower lead by a decline in the banking sector.

U.S: U.S. shares closed mostly lower on Wednesday as the post-election rally seems to be losing steam. DJIA: -54.92 18,868.14 NASDAQ: +18.96 5,294.59 S&P: -3.45 2,176.94

Word of The Day:

Bubble

An economic cycle characterized by a rapid growth of asset prices followed by a contraction.

Dinner or Drink:

Royal Turkey

1 oz. bourbon whiskey
1 oz. sloe gin
1 oz apricot brandy
2 oz pineapple juice
3 oz 7-Up® soda

Shake all ingredients (except 7-up) and strain into an ice-filled Pina Colada glass. Add 7-up, garnish with fruit slices, add straws and serve.

 

 

 

 

Nov 16

Highlights:

Shrinking

On Tuesday aerospace, giant Boeing Co. announced it will cut another 500 jobs over the next four years. The cuts will come from closing two of its smaller plants in El Paso, Texas and Newington, Virginia and by shrinking the workforce at its Huntington Beach facility in California. The company plans to transfer work on a military, space, and commercial aircraft programs to existing facilities, while cutting the amount of manufacturing and office space at its domestic plants by 4.5 million square feet. Over the last five years Boeing’s defense arm has cut thousands of jobs. The company will offer affected staff alternative opportunities at other sites in southern California, Missouri, and Alabama.

Home Sweet Home

Home Depot reported surging sales and raised its outlook for the year as the company benefited from falling unemployment, low mortgage rates, and rising home prices. The company extended its streak of strong earnings while other retails have struggled. Home Depot and its rival Lowe’s have stood out amount retailers as customers choose to spend more on DIY projects at home and less at department stores. EPS (Earning Per Share) for the company were $1.60, beating analyst estimates of $1.58. Net sales of $23.2 billion, better than the expected $23 billion.

Markets:

Asia: Asian markets closed mostly higher on Wednesday, aided by a positive hand off from Wall Street and higher oil prices overnight.

Europe: European markets closed in the green on Tuesday as oil prices rebounded.

U.S:  U.S. stocks closed higher on Tuesday as a rally in oil prices lifted energy stocks and the technology sector rebounded after a post-election sell off.  DJIA: +54.37 18,923.06, S&P: +16.19 2,180.39 NASDAQ: +57.23 5,275.62

Word of The Day:

Correction

A negative reverse moment of at least 10% in a stock, bond, commodity or index to adjust for overvaluation. Corrections are generally temporary price declines which interrupt an uptrend in the market or an asset. The duration of a correction is shorter than a bear market or recession however, they can be precursor to either.

Dinner or Drink:

Apple Cider Float

  • 1/2-part Sour Apple Schnapps
  • 1 part Bourbon
  • 2 parts Apple Cider
  • Dashes of Cinnamon, Ground
  • 1 scoop Vanilla Ice Cream
  • Cinnamon Stick

Add ice cream to a glass. Combine other ingredients in an ice filled shaker. Shake and strain into glass. Garnish with a cinnamon stick and a dried apple slice.

Like our drink today, click here for more.

 

 

Nov 14

Highlights:

Drive Time

South Korean smartphone maker, Samsung, announced Monday that it will buy U.S. auto-parts supplier Harman International Industries for $8 billion in an all cash deal. The deal instantly makes Samsung a major player in the world of automotive technology. Harman, an audio pioneer since 1953, has pushed aggressively into the world of automotive sound, securing billions in new business including large contracts with General Motors and Fiat Chrysler Automobiles. Hartman currently has a projected order backlog of $24 billion, almost three times its annual revenue. With the deal, Samsung will become a direct supplier of the world’s biggest automakers and will provide the company insight into the changing behavior of consumers as the lines blur between the auto and mobile industries.

We like you

German industrial giant Siemens AG Monday announced it will acquire Mentor Graphics Corp in a multibillion-dollar deal. It will be the company’s latest move to beef up its software capabilities and widen its U.S. footprint. Mentor Graphics sells software and hardware design automation tools for the development and testing of advanced electronic systems. The deal is Siemens latest effort to build up its profitable industrial software and factory automation business. Shareholders of Mentor Graphics Corp. will have received $37.25 a share in cash, a 21% premium to Mentor’s closing price on Friday.

Markets:

Asia: Asian markets closed mostly higher on Monday after Japan’s GDP came in better-than-expected.

Europe: European markets closed lower on Friday as investors took a breath as oil prices declined.

U.S:  Markets closed mostly higher on Friday as investors poured money into industrial companies and banks betting they will benefit from possible increased government spending and decreased regulation under the Trump administration.  DJIA: +39.78 18,847.66 NASDAQ: +28.32 5,237.11 S&P: -3.03 2,164.45

Word of The Day:

Repatriation

In financial terms, it is the process of converting a foreign currency into the currency of your own country.

Dinner or Drink:

High Roller

1 1/2 oz. vodka
3/4 oz. Grand Marnier® orange liqueur
2 – 3 drops grenadine syrup
4 oz. orange juice

Shake Grand Marnier, vodka and orange juice in a cocktail shaker filled with ice. Strain into an old-fashioned glass with ice. Top with a few drops of grenadine.

Nov 11

Highlights:

Decline…

Declining revenue at ESPN continued to overshadow Walt Disney quarterly results on Thursday, as the sports giant posted lower quarterly advertising and subscription revenue. Operating income for Disney fell 13% to $1.45 billion. The decline was attributed to a fall in ad revenue from ESPN driven in part by a decrease in fantasy-football advertising and money flowing to the Olympic Games. Affiliate revenue, fees paid by cable and satellite television to carry the sports channel, declined in part from a loss in subscribers.  Chief Executive Robert Iger is still bullish on the sports channel’s future. New ESPN deals with Hulu and Direct TV could help the company attract more millennial customers who are opting out of traditional cable packages.

Packages Everywhere…

UPS announced it will invest $400 million in a new regional package sorting hub on the west side of Atlanta. Once up and running the facility will add an estimated 1,250 new jobs and will be the third largest processing facility in the company’s U.S. network. The announcement adds details to the UPS’s multi-year plans to modernize and expand its global network with new facilities and 14 newly purchased jumbo cargo aircraft. The new facility will open in late 2018.

Markets:

Asia: Asian markets closed mixed on Friday as the stronger dollar damped the need for emerging market assets.

Europe: European market closed lower as investors wonder if a new Trump presidency will accelerate higher interest rates and what that will do to the global economy.

U.S: U.S. stocks closed mixed on Thursday as investors start speculating what moves President Trump will make in his first days in office. DJIA: +218.19 18,807.88 NASDAQ: -42.27 5,208.80 S&P: +4.22 2,167.48

Word of The Day:

Leverage

Leverage involves using borrowed funds to buy more assets, with the belief the income from the asset will be more than the cost of borrowing.

Dinner or Drink:

Maple Leaf

  • 2 parts Dark Rum
  • 1/2-part Maple Syrup
  • 4 dashes Bitters
  • 2 dashes Apple Bitters
  • Cinnamon, Ground

 

Stir ingredients over ice and pour in a rocks glass over a large ice cube. Scrape fresh cinnamon on top as garnish.

Like our drink, click here for more.

Thank you to all the men and women past and present who have protected the USA.

Have a safe and wonderful weekend!

Nov 10

Highlights:

Layoff

Auto giant General Motors (GM) announced it will lay off 1200 workers for the first time in six years. The cuts will come from the third shift productions at Lordstown, Ohio plant which makes the Chevrolet Cruze and the Lansing, Michigan plant where the Chevrolet Camaro and Cadillac ATS and CTS are produced. The positions will be eliminated in January. The cuts come because of the slumping sales in recent years of small car models. Sales of the compact Cadillac ATS and midsize CTS are both off 16% this year ad sales of the Camaro are down 8%. With the lower gas prices of the last couple years’ consumers are ditching small cars and moving towards larger SUVs and pickup trucks.

It’s Beginning to Look A Lot Like Christmas…

Starbucks is unveiling its holiday coffee cups on Thursday and the company is bringing back snowflakes, candy canes, and other holiday symbols after last years subdued red cups. The company will roll out 10 different cups that were designed by customers around the world, featuring everything from ornaments, Santa Claus, and reindeer. Starbucks has been releasing holiday cups since 1997. Last year’s plain red cups caused a stir among customers after President-elect Donald Trump suggested the cups were a snub at Christmas and suggested boycotting the chain.

Markets:

Asia: Asian markets closed higher as traders reassured the impact of a Donald Trump presidency.

Europe: European shares surged on Wednesday after the U.S. presidential elections sparked a sharp reversal.

U.S: U.S markets rallied on Wednesday as the uncertainty of the Presidential election is now over. DJIA: + 256.95 18,589.69 NASDAQ: +57.58 5,251.07 S&P: +23.70 2,163.26

Word of The Day:

Relief Rally

An increase in market prices that occurred because expected negative news did not materialize or was less severe than anticipated.

Dinner or Drink:

1 oz. raspberry liqueur
1 oz. Irish cream
1 oz. whipped cream
6 oz. hot, black coffee

Brew the coffee. Mix the Chambord raspberry liqueur and Bailey’s Irish cream into the coffee. Sweeten with sugar to taste, and top with whipped cream.

=

 

 

Nov 8

Highlights:

Come In Earth

Cloud networking companies Windstream Holding and Earthlink Holdings have agreed to merge in an all stock merge as both companies look to trim costs and combat declining revenue. Under the deal, EarthLink shareholders will receive 0.818 shares of Windstream for each EarthLink share owned, a 9% premium to EarthLink’s closing price on the day before the two-company started talking. EarthLink, based in Atlanta, is an IT services, network, and communications provider. Windstream provides cloud computing, broadband, and voice services. The new company, which will keep the Windstream name, will have the leverage to compete while cutting over $125 million in annual operating and capital expenses.

Phone Home

McDonald’s is joining the mobile order and pay movement. The company will start rolling out its mobile ordering service next year in the US and international markets including Australia, Canada, France, and the U.K. The company expects by 2018 mobile ordering will be available at approximately 25,000 restaurants worldwide. Despite the company lagging in mobile technology, the idea seems to be a win win for customers and the company as it will cut down on wait times for customers and improve order accuracy.

Markets:

Asia: Asian markets closed mostly higher as the world waits for the U.S. president election results.

Europe: European shares closed higher on Monday as investors focus on Tuesday’s presidential election.

U.S: U.S. investors ran toward stocks on Monday after the FBI cleared Hillary Clinton again. DJIA: + 371.32 18,259.60 NASDAQ: +119.80 5,166.17 S&P: +46.34 2,131.52

Word of The Day:

Correction

A negative reverse moment of at least 10% in a stock, bond, commodity or index to adjust for overvaluation. Corrections are generally temporary price declines which interrupt an uptrend in the market or an asset. The duration of a correction is shorter than a bear market or recession however, they can be precursor to either.

Dinner or Drink:

Unnecessary Noise

  • 1 1/2-part Bourbon
  • 3/4 parts Aperitif Absinthe
  • 1 dash Rhubarb Bitters
  • 1 splash Blanc Vermouth De Chambrey
  • Garnish Orange Zest

Rinse a martini glass with a little absinthe and ice, stir and let sit and bind to the glass. Fill a shaker with ice, add the Bourbon, Aperol, bitters and vermouth. Stir gently. Discard the ice and absinthe. Strain the cocktail into the glass. Garnish with a strip of orange zest.

Like our drink today, click here for more.

Now go VOTE!!!

Nov 7

Highlights:

Here She Comes

China’s Dalian Wanda Group announced it will add another entertainment trophy to its portfolio of overseas acquisitions. The group will acquire Dick Clark Productions, the TV company that produces shows like the Golden Globes, Dick Clark’s Rocking Eve, and the Miss America pageant, for $1 billion. Wanda is one of China’s largest conglomerate and property developer. It’s chairman, Wang Jianlin, is China’s richest man with an estimated net worth exceeding $32 billion. Dalian Wanda Group owns AMC Theatres and bought Legendary Entertainment for $3.5 billion in January. The company’s push into U.S. entertainment industry has raised alarms amount American lawmakers concerned about creative freedom and the promotion of Chinese propaganda. A group of legislators has asked the U.S. government Accountability Office to review Chinese takeovers.

Spin Cycle

U.S product-safety officials announced a recall of 2.8 million Samsung Electronics Co. washing machines in another stain on the company’s reputation. The Consumer Product Safety Commission received over 700 reports of incidents and nine reports of injuries due to the tops of washers detaching during use. The recall affects 34 top-loading models sold during 2011 at various stores.  The latest problem for Samsung will likely raise more questions about the company response to another black eye and if it could have move more quickly.

Markets:

Asia: Asian markets closed higher on Monday after the FBI cleared Hillary Clinton again over her email scandal.

Europe:  European shares closed out the week down after two U.S. lawmakers called on federal antitrust regulators to open an investigation into possible price fixing.

U.S: U.S. markets closed again as investors continue to climb the presidential election wall of worry. DJIA: – 42.39 17,888.28 S&P: – 3.48 2.085.18 NASDAQ: – 12.04 5.046.37

Word of The Day:

Asset Classes

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

Dinner or Drink:

A Southern Thanksgiving

3 oz. peach liqueur
1 oz. bourbon whiskey
1 oz. cranberry juice
1/2-1 oz. lime juice

 

Combine Southern comfort and Wild turkey in glass first. Add Cranberry juice and finish with splash of lime juice. Add a garnish of apple or lime and serve on ice.

Read more: A Southern Thanksgiving recipe http://www.drinksmixer.com/drinkb1c7837.html#ixzz4PKL15TXo

Nov 4

News:

Now Hiring

On Friday, the Department of Labor released its monthly jobs report. According to the NFP report the overall economy added 161,000 jobs and the unemployment rate is at 4.9%.

Trouble Ahead….

Wells Fargo (EFC) has confirmed the Securities and Exchange Commission is investigating the banks sales practices causing the bank to almost double the funds it set aside to deal with its ongoing legal problems. In regulatory filings on Thursday the bank confirmed the SEC has joined other federal, state, and local governments agencies and states attorney general performing formal or informal investigations. The San Francisco bank has been in the hot seat since it discovered employees opened 2 million bank account and credit card accounts without customer authorization in an attempt to meet the banks lofty sales goals. To deal with its mounting legal bills the bank has boosted its litigation reserves from $1 billion to $1.7 billion.

Markets:

Asia: Asian markets closed lower on Friday as investors ran toward safe havens before Tuesday’s presidential election.

Europe: European markets closed lower on Thursday after a court ordered England to back away from Brexit sending the pound higher.

U.S:  U.S. markets closed on Thursday as tightening polls and falling oil prices have investors climbing the wall of worry. DJIA: -28.97 17,930.67 NASDAQ:  -47.16 5,058.41 S&P: -9.28 2.088.66

Word of The Day:

Income Statement

A company’s financial statement which measures financial performance over a specific accounting period. Financial performance is assessed by providing a summary of how the business incurs its revenues and expenses through operating and non-operating activities. The statement also shows the net profit or loss over a fiscal quarter or year.

Dinner or Drink:

  • 1 1/2 parts Bourbon
  • 1/2 part Creme de Cocoa White Liqueur
  • 1/2 part Hazelnut Schnapps Liqueur
  • Heavy Cream
  • Garnish Chocolate Shavings
  • Garnish Whipped Cream

 

Add Bourbon, Crème de Cocoa White Liqueur, Hazelnut Liqueur and heavy cream to taste.  Shake and serve up or on the rocks. Garnish with whipped cream and chocolate shavings.

 

 

Nov 2

News:

Now Hiring….

On Wednesday, private payroll company ADP released its monthly jobs report. According to the report the private sector added 147,000  jobs in October, less then the 165,000 expected. All eyes will now turn to Friday, when the Department of Labor will release the NFP report for October.

Yummy

The parent company of KFC and Taco Bell completed the spin-off of its China Divisions on Tuesday.  Yum China Holdings, will run the 7,300 KFC and Pizza Hut restaurants in mainland China. The new company plans to open its first Taco Bell in China before the end of the year. Yum China is now trading on the New York Stock Exchange under the ticker YUMC. Shares of the new company closed at $26.19, up $1.95.

Parting Ways

Gannett Co. has dropped its attempt to buy Tronc Inc., publisher of the Chicago Tribune and Los Angeles Times, ending months of pursuit by Gannett, to extend its reach as the nation’s largest newspaper publisher. The companies back in April had agreed on $18.75 a share in cash but the roughly $1 billion deal, including debt, fell apart last week when two key lenders backed out. After the announcement shares of Tronc fell 17% to $9.94 in midafternoon trading while, Gannett shares were down 2.4% to $7.59.

Markets:

Asia: Asian markets closed mostly lower after Wall Street’s “fear index”, the VIXX, spiked on fears over the U.S. presidential elections and the Federal Reserve meeting.

Europe: European shares fell for a seventh straight day on Tuesday as investors remain cautious ahead of next week’s elections.

U.S: U.S. markets closed lower as this week’s Fed meeting and next week’s presidential election had investors climbing the wall of worry. DJIA: -105.32 18.037.10 S&P: -14.43 2,111.72  and the NASDAQ: – 35.56 5,153.58

Word of The Day:

Treasury Bond/T-Bond

A fixed-interest, tradable U.S government debt security with a maturity of more than 10 years. Treasury bonds pay semi-annual interest payments and the income received is taxed only at the federal level.

Dinner or Drink:

1/2 cup Smirnoff® Raspberry Twist vodka
1/2 cup 7-Up Plus soda
2 – 3 tbsp. grenadine syrup

 

Combine all ingredients together in a highball glass, stir and serve.

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Nov 1

News:

Sinking

Shares of embattled drug maker, Valeant Pharmaceuticals International (VRX) plunged on Monday after a report that federal prosecutors are building a potential fraud case against the company’s two former executives. The investigation focuses on Valeant’s former ties to Philidor RX services, a specialty pharmacy the drug maker secretly controlled and used to prop up Valeant’s profits. Valent stock closed nearly 12.4% on Monday, further extending a 14-month drop that erased more than 90% of the stock’s value since its August peak of $262.52.

Text me

For three decades, cooks have called Butterball to help them navigate cooking their Thanksgiving birds. Beginning November 17th, Butterball will have an another means for cooks to ask their questions… texting. Cooks can text questions to 844-877-3456 24/7 where experts, not bots, will be on call to answer their questions. Customers can also reach out to the experts on social media or email. With all the new ways to contact Butterball the most popular question has always remained the same: How long does it take to thaw the turnkey?

Markets:

Asia: Asian markets closed mostly higher on Tuesday after stronger-than-expected PMI surveys boosted investor confidence.

Europe: European markets closed for the sixth session in a row as oil prices declined after OPEC failed to reach an output deal with producers over the weekend.

U.S: U.S markets closed lower on Monday as investors remain cautious ahead of this week’s Federal Reserve meeting, jobs report, and next week’s elections. DJIA: -18.77 18,142.42 NASDAQ: -0.97 5,189.13 S&P: -0.26 2,126.15

Word of The Day:

Operating Cost

Operating Cost are expenses associates with the administration and maintenance of a business on a day-to-day basis. Operating cost is a component of operating income and is usually reflected in a company’s income statement.

Dinner or Drink:

Royal Turkey

1 oz. Wild Turkey® bourbon whiskey
1 oz. sloe gin
1 oz. apricot brandy
2 oz. pineapple juice
3 oz. 7-Up® soda

 

Shake all ingredients (except 7-up) and strain into an ice-filled Pina colada glass. Add 7-up, garnish with fruit slices, add straws and serve.

 

 

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