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Apr 28

Highlights:

No More

Southwest Airlines will stop overbooking its flights. Last year Southwest bumped 15,000 passengers off flights, more than any other U.S. airline. On Thursday, Southwest CEO Gary Kelly, said the airline had been contemplating ending overbooking after fewer and fewer passengers are no-shows for their flights. But recent events like the one on United pushed the issue to the forefront of the airline.  Politicians in Washington have been calling or airlines to ban their practice of overbooking. Currently, Jet Blue is the only major U.S. airline with a stated policy of banning overbooking.

Transfer

Purdue University announced it will buy for-profit Kaplan University for $1. Purdue plans to turn Kaplan into a new, nonprofit Indiana public university for “nontraditional adult learners”. Kaplan will continue to run the yet to be named university, collecting 12.5% of the new school’s revenue for 30 years. Currently Kaplan has 32,000 students, 3,000 employees, and 15 bricks-and-mortar campuses and learning centers.  The deal will still have to be approve by the Department of Education.

Markets:

Asia: Asian shares closed lower on Friday after comments from President Trump on an existing free trade pact with Seoul as payment for a sophisticated anti-missile system caught investors by surprise.

Europe: European markets fell on Thursday after the ECB kept it rates unchanged.

U.S: U.S. stocks closed slightly higher on Thursday as positive corporate earrings had investors feeling optimistic. DJIA: +6.24 20,981.33 NASDAQ: +23.71 6,048.94 S&P: +1.32 2,388.77

Word of The Day:

Dollar Cost Averaging:

A technique used to buy a fixed dollar amount of an investment on a regular schedule, regardless of price. Theoretically, most shares are purchased when prices are low, and fewer shares are purchased when prices are high.

Dinner or Drink:

Gentleman’s Weekend

1 1/2 oz. gin
1 dash olive juice
4 – 6 oz. tonic water
3 olives

Put olives in glass and cover with a few small ice cubes. Add gin and olive juice, then fill with tonic water. Stir and serve.

Like our drink today, click here for more.

Have a safe and wonderful weekend, ya’ll!

Apr 26

Highlights:

Pay-up

Yahoo’s Chief Executive Marissa Mayer is set to reap nearly $187 million as a result of the internet company’s sale of its core business to Verizon communications. The hefty payout comes despite Mayer’s inability to revitalize the fading internet icon. Mayer and other top Yahoo executives are eligible for accelerated vesting of all stock options, restricted-stock units, and other equity-based awards when the deal between Yahoo and Verizon close in June. Currently, Mayer’s purse includes restricted stock options worth around $25 million along with stock options valued at more than $85 million, and company stock valued at $77 million. Added together, Mayer will receive around $187 million when she leaves the company. Yahoo shareholders will vote on the deal during a special meeting on June 8 however, the measure is expected to pass.

Mixed Bag of Burrito

Chipotle Mexican Grill reported better-than-expected earnings, as more customers are heading back to restaurants. Chipotle reported revenue of $1.07 billion for the quarter versus the $1.05 analyst expected. Same store sales also grew 17.8 percent versus expected growth of 14.9 percent. But the news was not all good. The company also revealed it had detected unauthorized activity on a network that supports payment processing for purchases made at Chipotle restaurants.  The company has taken steps to stop the activity and are focusing on transactions that occurred between March 24, 2017 and April 18,2017.

Markets:

Asia: Asian shares closed higher on Wednesday, following the NASDAQ hitting the 6,000 mark for the first time.

Europe: European markets closed higher as investor focused on fundamentals instead of politics.

U.S: U.S shares rallied on Tuesday with the Nasdaq hitting 6,000 for the first time, as corporate earnings and President Trump’s potential tax bill made investors giddy. DJIA: +232.23 20996.12 Nasdaq: +41.67 6025.49 S&P +14.48 2388.61

Word of The Day:

Treasury Bill (T-Bill)

A short-term debt obligation backed by the U.S. government with a maturity of less than one year. T-bills are sold in denominations from $1,000 to $5 million.

Dinner or Drink:

Fuzzy Mexican

1 1/2 oz. white tequila
1/2 oz. peach schnapps
4 oz. orange juice

Build over ice in a highball glass.

Apr 24

Highlights:

No

Oscar Munoz, chief executive of United, became the latest casualty of the public relations crisis gripping the air carrier. On Friday, United announced it will adjust its incentive compensation program for senior executives to tie directly to progress in improving the customer experience. The company also announced Munoz will no longer take over as the company’s chairman next year. Munoz has agreed to drop a clause in his employment contract that would have ascended him into the role of company chairman. Munoz also dropped a clause in his contract that allowed him to resign if he did not get to be chairman of the airline. The board, on its own, will now determine who the new chairman will be.

Closing Time

Bebe stores (BEBE) announced it will shut down and close all its stores as the women’s clothing retailer became the latest in a string of retailer closing its doors. Bebe, which described its clothing as unique, sophisticated and timelessly sexy, said all stores will be closed by the end of May. Friday’s announce contradicts the company’s announcement earlier this month, saying it planned on close 28 of its stories and was trying to figure out what to do with the rest of them. The company has yet to announce if it will continue with selling its wears online.

Markets:

Asia: Asian markets closed mostly higher after the French election results were consistent with poll predicted.

Europe: European shares closed mixed on Friday as investors juggled Thursday’s terror attacks and the upcoming weekend’s presidential elections in France.

U.S:  U.S. stocks closed on Friday as investor cautiously prepared for this weekend’s French elections. DJIA: -30.95 20547.76. Nasdaq: -6.26 5910.52 S&P: -7.15 2348.69

Word of The Day:

Demand Curve

A graphical representation of the relationship between the price and the quantity demanded for a given period.

Dinner or Drink:

Sour Apple Popsicle Martini

  • 2 parts Sour Apple Schnapps
  • 3 parts Cream
  • 1 cup Ice, Crushed

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

Apr 21

Highlights:

Losing

Verizon Communications posted its first ever quarterly net loss of wireless subscribers on Thursday. During the first three months of this year, the company posted a net loss of wireless subscribers, showing the extent of damage its rivals have had on the company’s wireless business. The loss of subscribers comes after the company has slashed prices and offered more data to stop customers from fleeing. Verizon’s attempts to keep customers has also hit the company’s bottom line. Total revenue declined by 5.1% falling for a fourth quarter in a row. Verizon’s lack luster quarterly results have now put more pressure on Verizon’s management to either find a way to turn the ship around or make moves that will diversify the company away from its wireless business.

Recall

Electric car maker Tesla has issue a voluntary global recall for some of its Model S and Model X vehicles, to fix a problem with the parking brake. The recall effects around 2% of the 53,000 vehicles build from February to October 2016. According to a statement, the problem stems from a small gear that may have been manufacture improperly by a third-party supplier. If the gear were to break, the parking brake would continue to keep the car from moving however, it would then be stuck in place. So far, no reports of accident or injuries have been caused by the brake issue. The company will be begin sending official recall notices to affected customers with information how the parking brakes can be replaced.

Markets:

Asia: Asian shares closed mostly higher on Friday after a strong hand off from Wall Street.

Europe: European markets closed higher as investors continue to juggle political uncertainty and corporate earnings.

U.S: U.S stocks closed higher on Thursday after Treasury Secretary Munching hinted the Trump administration is close to major tax reform, DIJA+ 174.22 20578.71 S&P: +17.67 2355.84 Nasdaq +53.74 5,916.78

Word of The Day:

Penny Stock:

A stock which trades at a relatively low price (aka pennies) and usually outside of the major market exchanges. Considered to be highly speculative in nature and high risk because of their lack of liquidity, small capitalization and limited following. They are often traded on the OTC (Over The Counter) market and pink sheets.

Dinner or Drink:

Bourbon Ball

  • 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.

Like our drink today, click here for more.

Have a safe and wonderful weekend, Ya’ll!

Apr 20

Highlights:

I Want My Candy

The nation’s largest drugstore chain, CVS, will reduce its space currently dedicated to junk food and general merchandise. CVS announced plans to renovation its stores, devoting more floor space to nutritious food and health products. The company will devote 100 feet of aisle space towards products such as natural supplements, makeup without chemicals and nutritious food bars. The new format will be implemented at several hundred stores by the end of 2018. The move demonstrates the company’s commitment to remake itself as a beacon of health living rather than a place devoted primarily to treating illnesses. The company’s new redesign will also include fewer seasonal products and other general items whose sales have suffered against online competition from Amazon.

Halt

General Motors has halted its operation in Venezuela after the car markers plants was seized by public authorities. In a statement, GM described the takeover as an “illegal judicial seizures of its assets”. GM did not provide specific details of the seizure but did say that vehicles and other assets had been taken from its facilities.  GM’s Venezuela plant was established in 1948 and employed around 2,700 workers supplying vehicles to the countries 79 dealers. The firm will provide separation payments to affected workers.

Markets:

Asia: Asian shares closed flat on Thursday as oil prices came off their two-week lows.

Europe: European markets closed higher on Wednesday as investors become more confident in life after Brexit.

U.S: U.S. markets closed mostly lower after IBM released lower than expected earnings and oil continued to decline. DJIA: -118.79 20,404.49 -13.56 5,863.03 S&P: -4.02 2,338.17

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:

Candy Store

2 oz. Chambord® raspberry liqueur
2 oz. amaretto almond liqueur
1 oz. creme de noyaux
1 scoop ice cream

Add all ingredients to a blender with half a cup of crushed ice. Blend until smooth, and pour into a highball glass.

Apr 18

Highlights:

Cuts

Aircraft giant Boeing announced it will lay off hundreds of engineers amid slowing aircraft sales. The June 23 workforce reduction comes after the aircraft manufacturer laid off around 1,800 mechanics and engineers earlier this year. Since January the company has cut 1,332 engineering and technical jobs from its Washington state workforce. More than 300 other engineering and technical workers, who opted for voluntary layoff earlier this year, will exit the building on Friday.

Bunches of Oats

Post Holdings, maker of Honey Bunches of Oats and Great Grains, has agreed to purchase Weetabix Food Co. for £1.4 billion ($1.76 billion). The move will allow the U.S. cereal maker to expand in the U.K. and other international markets as it targets a broader customer base. Post beat out several other bidders for the cereal maker including Associated British Foods PLC and Italy’s Barilla Group. The acquisition is the latest in a string by Post to help offset the slowing growth of packaged foods as customers go toward healthier options.

Markets:

Asia: Asian shares closed mixed on Tuesday as geopolitical tensions took a backset.

Europe: European markets were closed on Monday for the Easter holiday.

U.S:  U.S. markets closed higher on Monday as investors jitters over geopolitical events eased and optimism over earnings grew. DIJA: +183.67 20636.92 Nasdaq +51.64 5,856.79 S&P + 20.06 2349.01

Word of The Day:

K-1

A tax document used to report the incomes, losses, and dividends of a partnership.

Dinner or Drink:

British Comfort

1 1/2 oz. Southern Comfort® peach liqueur
1/2 oz. gin
1/2 oz. lemon juice
1 oz. orange juice

Pour the Southern Comfort, gin, lemon juice and orange juice into a cocktail shaker half-filled with ice cubes. Shake well, strain into a cocktail glass, and serve.


Apr 17

Highlights:

Show Me The Money

Airline giant, Delta Air Lines (DAL) is giving airport employees permission to offer passengers up to $10,000 per person in compensation if they give up their seats on overbooked flights. According to an internal memo Delta gate agents now have the authority to offer bumped passengers up to $2000 in compensations, up from the previous maximum of $800. In addition, supervisors can offer up to $9,950 up from $1,350. Delta’s move comes as United Airlines continues to live a PR nightmare after a passenger was forcible removed from a sold-out flight.

Driving Miss Daisy….

On Friday, Apple Inc. (APPL) secured a permit for autonomous vehicle testing in California, the clearest sign of progress in the company’s secretive efforts to develop self-driving car technology. The permit, awarded by California’s Department of Motor Vehicles, is Apple’s first and allows the company to test drive vehicles on public roads. The move indicates Apple is going beyond testing on private tracks and in simulators as it works to improve its artificial-intelligence systems that will need to learn how to interact in the unpredictable world of human drivers. The permit covers three 2015 Lexus SUV’s, which will be retrofitted with hardware and software used in autonomous mode. The permit also covers six human operators who must sit behind the wheel to monitor the driving and who could take over if necessary.

Markets:

Asia: Asian markets closed mixed on Monday as investors juggled tension in the Korean Peninsula and better than expected Chinese economic data.

Europe: European shares closed on Thursday as investors reacted to President Trump’s comments he would like lower interest rates to stay around for a while.

U.S: U.S. markets closed on Thursday after the U.S. dropped a bomb in the mountains of Afghanistan. DJIA: -136.61 20,453.25 NASDAQ: -31.01 5,805.15 S&P: -15.98 2,328.95

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 Paper Plane

Ingredients:

  • 3/4 oz. bourbon
  • 3/4 oz. fresh lemon juice
  • 3/4 oz. Amaro Nonino
  • 3/4 oz. Aperol
  • Lemon Twist

Combine all the liquid ingredients in a cocktail shaker with ice. Shake thoroughly and strain into a chilled cocktail glass, flute or coupé. Or pour into a lowball glass with a single large ice-cube. Garnish with a lemon twist.

 

 

Apr 11

Highlights:

Whole Paycheck…

Activists investors Jana Partners, has amassed a large stake in Whole foods and wants to accelerate its turnaround, even exploring a possible sale. Jana Partners, who owns an 8.8% stake in the company, along with several allies wants the chain to improve its technology and operations to better compete with larger rivals. Jana’s campaign is the latest quandary for the organic food chain, which has struggled to make the transition from successful upstart with a loyal mass to large national chain. The company released a statement saying they are always open to the views and opinions of all their shareholders. Shares of Whole foods has lost nearly half their value since peaking in 2013 and as of Friday, they had gained only 1.5% in the last 12 months.

Down The Straight Path…

AT&T announced Monday it will buy Straight Path Communications, a holder of licenses to the wireless spectrum. The all-stock deal, which aims to accumulate the airwaves needed for a next generation network, is worth $1.25 billion. The moves illustrates how wireless carriers may have to pay loft prices for assists they view as critical to the next generation of the wireless spectrum, 5 G.  5G technology is expected to boast higher speeds and more capacity. The new network is widely considered to be a multibillion-dollar opportunity, and wireless carriers do not have many acquisition targets that will give them the access to the right type of spectrum. Shareholders of Straight Path will receive $95.63 per shares for each share owned, a premium of 162.1 percent to Friday’s close.

Markets:

Asia: Asian equities finished mixed on Tuesday, as geopolitical tensions continued to weigh on investors.

Europe: European markets closed lower on Monday amid escalating geopolitical events.

U.S:  U.S markets closed flat on Monday as investors juggled geopolitical events while wondering if the postelection rally is over. DJIA: +1.92 20,658.02 NASDAQ: +3.11 2357.16 S&P: +1.62 2357.16

Word of The Day:

Bond Default

Occurs anytime a debtor is unable to meet the legal obligation of repayment.

Dinner or Drink:

Easter Egg

1 oz. Blue Curacao liqueur
1 oz. white creme de cacao
top with half-and-half

 

Pour blue curacao and creme de cacao over ice cubes in an old-fashioned glass. Float half and half on top to taste, and serve.

 

Apr 10

Highlights:

Keep on Trucking…

Swift Transportation and Knight Transportation will merge in a stock swap that would combine two of the largest operations in the wavering U.S. trucking sector. As part of the deal shareholders of Swift will receive 0.72 shares of the new entity through a reverse stock split. Knight shares will be exchanged one for one. Swift shareholders will own 54% of the new company. The deal values Swift shares at $22.07, nearly a 10% premium to their its closing Friday. The new group will be named Knight-Swift Transportation Holding and each of the brands will operator separately. Swift and Knight, both based in Phoenix, are two of the top carriers in the highly-fragmented trucking market, in which customers including retailers and manufactures buy space on entire trucks for long transport runs.

New Money…

Toyota announced it will invest more than $1.3 billion in its Georgetown, KY plant in a massive retooling projected designed to expedite vehicle development in the largest factory in the world. The new investment will not directly add jobs however, it signals a deepening commitment of the automaker to keep innovation and production in the U.S. According to the car maker the retooling investment will pave the way for a new system of vehicle assembly called Toyota New Global Architecture.  The new platform will give Toyota the ability to make engineering and design changes swiftly in response to market changes.

Markets:

Asia: Asian markets closed mixed on Monday on heighted geopolitical tensions.

Europe: European markets closed lower on Friday after the release of March’s disappointing jobs report.

U.S: U.S. markets closed flat on Friday as investors juggled disappointing economic news and geopolitical tension. DJIA: +6.85 20,656.10 NASDAQ: -1.14 5877.81 S&P: -1.95 2355.54

Word of The Day:

Restricted Stock Unit

Compensation offered to an employee by an employer in the form of company stock.

Dinner or Drink:

 

Mack Truck

1/2 oz. Crown Royal® Canadian whisky
1/2 oz. Southern Comfort® peach liqueur
1/2 oz. peach schnapps
1/2 oz. sloe gin
2 oz. orange juice

 

Pour all in glass of ice then top off with orange juice.

Apr 7

Highlights:

Jobs, Jobs, Jobs…

On Friday, the Department of Labor released its monthly jobs reports. According to the report the economy added  98, 000 jobs  far less  than  analyst estimates of 180,000 . The unemployment rate is at  4.5%.

Hands Free…

Comcast Corp announced it will enter the fiercely competitive wireless phone market. The largest U.S. cable-television company by subscriber unveiled details Thursday of its new service called Xfinity Mobile. The service is only available to customers who have at the company’s home internet service. Xfinity Mobile will offer unlimited calling, texting, and data plan that will cost customer either $45 or 65 a month per line depending on how may services they are bundling. Comcast’s wireless service will also offer a plan where customers can pay $12 a gigabyte allowing peeps who have don’t use a lot of data to opt for a cheaper plan. Comcast hopes by offering a “quad play” – cable TV, home internet, home phone and wireless customer will be more likely not to cut the cord and stick with Comcast.

Markets:

Asia: Asian markets closed mixed on Friday as investors react to the U.S. firing cruise missiles at a Syrian airfield.

Europe: European markets closed higher on Thursday despite comments from ECB president Draghi that he is no hurry to scale back stimulus.

U.S: U.S markets closed higher on Thursday as investors weighted geopolitical events and Friday’s job’s report. DJIA: +14.80 20,662.95 NASDAQ: +14.47 5,878.94 S&P: +4.54 2.357.49

Word of The Day:

Expense Ratio

A measurement of what it costs an investment company to operate a mutual fund.

Dinner or Drink:

Easter Bunny

1 1/2 oz. dark creme de cacao
1/2 oz. vodka
1 tsp chocolate syrup
1 tsp cherry brandy

Shake creme de cacao and vodka with ice. Strain over ice in an old-fashioned glass. Float chocolate syrup and cherry brandy.

Have a safe and wonderful weekend!

 

Apr 6

Highlights:

For Sale

Panera Bread Co. is getting a new owner. European investment fund JAB Holding Co, will acquire the restaurant chain for roughly $7.16 billion. The fund currently owns a collection of brands including Caribou Coffee and Jimmy Choo shoes. Panera’s Chief Executive Ron Shaich, who founded the company 36 years ago, said the move will allow Panera to improve its level of customer service. The deal will allow Mr. Shaich to continue to run the company while still giving it space to grow. Panera Bread Co also owns Au Bon Pon which will now become its own separate company and was not part of the deal. Panera pioneered the fast-casual segment of the fast food industry with its fast service and freshly made food. Shares of Panera rose 14% to $319.24 a share in Wednesday trading.

Touchdown

Amazon and the National Football League have reached an agreement which will allow Amazon Price customers to stream 10 Thursday Night Football games in the coming season. Amazon will pay $50 million for the steaming rights to the NFL games. The agreement represents another step in the dance between tech and entertainment companies.

Markets:

Asia: Asian shares closed mixed on Thursday as traders focused on the upcoming meeting between U.S. President Trump and Chinese President XI Jinping later in the day.

Europe: European markets closed mixed on Wednesday as commodity stocks and oil prices continue its climb.

US: U.S. markets closed lower after the Fed minutes confirmed additional rate hikes were coming and comments from Speaker Ryan that tax reform may take longer than first expected. DJIA: -41.09 20,648.15 S&P: -7.21 2,352.95 NASDAQ: -34.13 5,864.47

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:

Banana Nut Bread

1 oz. DeKuyper® creme de bananas
1 oz. Frangelico® hazelnut liqueur
1 oz. DeKuyper® dark creme de cacao
2 oz. Bailey’s® Irish cream
1 1/2 oz. DeKuyper® Buttershots liqueur

Combine ingredients in shaker. Add Ice. Shake vigorously and pour in glass over ice. YUMMY!

Like our drink today, click here for more.

 

Apr 4

Highlights:

Oath

On Monday, Verizon announced the companies formally known as AOL and Yahoo will soon be known as Oath.  Tim Armstrong, the head of Verizon’s AOL division, announced the name change on Twitter yesterday saying “Billion + Consumers, 20+ Brands, Unstoppable Team. #TakeTheOath. Summer 2017.” The new name will apply to the digital media division of Verizon after it officially buys Yahoo’s internet assets for $4.48 billion at the end of June.  The new name will help Verizon present its family of digital content services to advertisers and other as a single entity. The company could also develop some new services under the Oath brand.  The new name was greeted with mixed reviews including comments suggesting Oath sounded like the name of a heavy metal band.

Fly Away

Caterpillar announced it will shut down its Aurora, Illinois plant, laying off around 800 employees as the world’s largest construction and mining equipment maker shifts productions to other U.S. facilities. Large wheel loaders and compactors currently made in the Aurora plant will transition to its plant in Decatur, Illinois. The company’s medium wheel loaders also made at the Aurora plant will move to the companies’ plant in North Little Rock, Arkansas. The plant closure is expected to be completed by the end of 2018. The company has already slashed its workforce by more than 16,000.00 to help it cope with the slumping global economy.  In January, the company announced it would miss analyst yearly profit estimates as sluggish demand in constructions and energy industries continue hurt the company.

Markets:

Asia:  Asian markets closed lower on Tuesday as investors remain cautious ahead of this week’s jobs reports.

Europe:  European markets closed lower after Monday’s Russian train bombing.

U.S:  U.S. shares closed mostly flat on Monday as a mixed bag of economic reports had investor wondering what direction to take in the new quarter. DJIA: -13.01 20,650.21 NASDAQ: -17.06 5,894.68 S&P: -3.88 2,358.84

Word of The Day:

Business Cycle

The periods of expansion or recession that an economy experiences over time.

Dinner or Drink:

The Office

1 part Malibu® coconut rum
2 Orange Fused Pineapple Sunny D juice

Mix one part Malibu Coconut Rum with 2 parts Orange Fused Pineapple Sunny D.

 

Apr 3

Highlights:

Rollin’….

Ford Motor Co. announced it is recalling around 52,600 F-250 pickup trucks sold in the U.S. and Canada because the vehicles could roll after the driver moves the automatic transmission lever into the park position.  The affected trucks were built between October 2015 and this month and were sold in North America and Canada. In a statement, Ford suggests owners use their packing brakes when parking their vehicles. This is the third recall announce by Ford in less than a week.

Electric Avenue

Tesla announced Sunday its global sales rose 69% in the first quarter, its best quarter of sales yet. The Silicon Valley electric car maker delivered roughly 25,000 vehicles in the quarter compared to a total of 14,820 a year earlier. The results should help fuel further investor confidence in Chief Executive Elon Musk as he works to roll out a $35,000 sedan called the Model 3. Tesla’s shares have risen almost 30% this year, pushing the company’s market value to almost as much as Ford Motor Co.

Markets:

Asia: Asian markets closed higher on Monday as investors wait for this week’s meeting of Chinese President Xi Jinping’s and President Donald Trump.

Europe: European markets closed mixed Friday as investors continue to digest the implications of Brexit.

US: U.S markets closed on Friday as investors took profits at quarter end. DJIA:  -65.27 20663.22 Nasdaq: – 2.61 5,911.74. S&P: -5.34 2363.72

Word of the Day:

Employee Stock Option (ESO)

A stock option granted to specific employees of a company which gives the right to buy a certain amount of company shares at a predetermined price for a specified period.

Dinner or Drink:

Electric Popsicle

2 oz. Midori® melon liqueur
2 oz. Blue Curacao liqueur
fill with 7-Up® soda
1 slice lime

Pour both the melon liqueur and blue curacao in the Collins glass and fill with 7-up. Place the slice of lime on the top of the glass.

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