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May 30

Highlights:

Mixer

Microsoft has launched its own live videogame streaming service called Mixer. The move sets up another battle among some of the largest names in tech. Despite Microsoft’s long history in video games, they are late to the live streaming business and will face steep competitors from  like Amazon.com and YouTube. The live steam videogame craze allows users to watch and play video games with their friends. Launching a live-steaming service is a logical step for Microsoft as they are one of the few tech titans that already owns and produces dedicated gaming hardware. Mixer will predominately be features on Windows 10 and Xbox consoles, thought the company will continue to make the YouTube and Twitch apps available for download.

Chaos

British Airways (ICAGY) suffered a major IT outage over the weakened which lead to the canceling of hundreds and flights and could cost the airline millions. The electrical malfunction caused the airline’s IT system which handles flights, bags and customer’s communities to completely shut down. The airline’s back up system failed to kick in. All of this on one of the busiest holiday weekend in both the U.K and U.S. The outage caused the airline to cancel more than 580 flights and delay hundreds more at 170 airports in 70 different countries. The company announced as of today all is well and its computer networks are operation normally.

Markets:

Asia: Asian markets closed mixed on Monday as several of its major markets are closed for holiday.

Europe: European equities inched lower in quiet trading as Investors contemplated the possibility of an early election in Italy.

U.S: U.S. markets closed flat on Friday as traders and investors get ready for summer. DJIA: +2.67 21,080.28 NASDAQ: +4.94 6210.19 S&P: +0.75 2415.82

Word of The Day:

Commercial Paper

An unsecured, short-term debt instrument used by Corporations to finance accounts receivable, inventors, or meet short-term liabilities.

Dinner or Drink:

Summer Chill

45 ml vodka
15 ml banana syrup
5-10 ml lemon juice
60 ml orange juice
1 slice of banana

How to make:
1. Add 4 to 5 cubes of ice into a shaker.
2. Add all the above-mentioned ingredients.
3. Shake well at least for 10 sec.
4. Once all the ingredients mixed well, strain into a pre-chilled martini glass.
5. Garnish with banana slice and serve.

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May 25

Highlights:

Downgraded

On Wednesday, rating agency Moody’s downgraded the rating on China’s debt one notch to A1. The move is the first cut of the country’s credit rating since 1989. According to Moody’s China’s financial health will somewhat erode in the coming years with widespread debt continuing to rise as growth will potentially slow. China’s economy grew 6.9% in the first quarter of this year, up from the end of 2016. But economist think growth will slow in the coming quarters as government stimulus measures start to fade. The Chinese government has faced a bump road trying to rein in the country’s high level of corporate debt while keeping the world’s second largest economy growing. The country’s efforts to keep everything in balance have started to unsettle investors. The benchmark Shanghai Composite has fallen more than 7% from its April high. China’s Finance Minster dismissed Wednesday’s downgrade saying Moody’s has overestimated the difficulties facing the Chinese economy and underestimated China’s ability.

Pay Up

Target has agreed to pay an $18.5 million multistate settlement to resolve individual state investigation of the 2013 cyber attached. The settlement will set new industry standards for companies that process payment cards and maintain confidential information about their customers. The investigation by 47 states and the District of Columbia determined cyberattacks gained access to Target’s gateways through stolen credentials from a third-party vendor. Using the credentials the hackers were able to gain access to customer service databases, install malware and capture customer’s full names, phone numbers, and other sensitive information. The cyber-attack affected 41 million customer credit card accounts and more than 60 million Target customers had their personal contact information stolen. In statement, Target acknowledge it has worked with all state investigators to resolve any issues found through their investigations.

Markets:

Asia: Asian markets closed higher on Thursday after the U.S. Federal Reserve May meeting minutes indicated an unwind of its balance sheet is likely towards year end and the next rate hike should occur at their June meeting.

Europe: European shares closed flat in Wednesday as strength in the banking and oil sectors offset weakness in the miners and autos.

U.S: U.S. markets rallied as the Federal Reserve minutes signaled interest rates could rise in June DJIA: +74.51 21012.42. Nasdaq: +24.31 6163.02 S&P: +5.97 2404.39

Word Of The Day:

Market Order:

A trade order an investor makes to buy or sell a security immediately at the best available price. Market order is the default option and is likely to be executed because it does not contain any restrictions on price or time frame.

In Dinner or Drink:

Closing Time Kool-Aid

4 oz. vodka
4 oz. Blue Curacao liqueur
4 oz. Pucker Schnapps
4 oz. triple sec
4 oz. 99 Apples® apple schnapps
8 oz. Kool-Aid®

Mix in pitcher with ice. Pour into glasses.

 

May 23

Highlights:

Moving On Up…

Lululemon Athletica Inc. is in advanced talks to lease a store on Manhattan’s Fifth Avenue. The active wear maker is looking to take over the 8,000 square feet at 598 Fifth Ave, across the street from Rockefeller Center. The space had been the home of cosmetic store, Sephora, which moved to another location in March.

More…

More Fox News employees have come forward with claims of discrimination, adding to the list of allegations against the cable news network. The new lawsuits were brought against the company by several female employees who claim they we retaliated against for reporting sexist and harassing conduct. The new revelations could increase pressure on Fox News and is corporate parent, 21 st Century Fox, who is trying to convince U.K regulators of its fitness as a broadcaster and to win approval of its planned $15 billion takeover of Sky PLC.

Markets:

Asia: Asian markets closed mostly lower after the U.K bombing.

Europe:  European markets closed mixed on Monday as investors kept an eye on President Trump’s first overseas visit and individual stock news.

U.S: U.S markets closed higher on Monday after the president and Saudi Arabia inked a defense spending deal.  DJIA: +89.99 20894.83 Nasdaq: +49.92 6133.62 S&P +11.29 2394.02

 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:

Black Tuesday

1/3 blackberry schnapps

1/3 vodka
1/3 triple sec

Mix, shake with ice, pour into shot glass, drink.

May 22

Highlights:

So Long, Farwell…

Over the weekend, Ford (F) announced it has replaced its chief executive, Mark Fields, in a move reflecting the pressures on the American auto industry. Jim Hackeet, who had been overseeing the Ford subsidiary that works on autonomous vehicles will take the helm. During Mr. Field’s three-year tenure Ford’s stock price has dropped 40 percent and he has come under fire from investors and the Ford board for failing to expand the company’s core auto bossiness and autonomous car division.  Mr. Hackett, a former Ford director, joined the auto giant last year as head of the smart mobility operations. Ford’s executive switch comes just two weeks after Mr. Fields was sharply criticized for the company’s deteriorating financial results at its annual shareholder meeting.

Get your sign

On Friday, about 37,000 AT&T workers began a three-day strike after failing to reach an agreement with the No. 2 wireless carrier. The workers are demanding increased wages to cover rising healthcare costs, job security against outsourcing, and a fair scheduling policy. The strike comes at a difficult time for the company’s wireless business, which has faced intense pressure in the over aggressive competitive wireless market and apathetic customers. In April, the company announced it would stop giving investors annual revenue estimates because shoppers were waiting longer to by new smartphones.

Markets:

Asia: Asian markets closed mostly higher on Monday despite another missile test out of North Korea over the weekend.

Europe: European market closed higher on Friday as global markets stabilized after a bumpy week.

U.S: U.S. shares ended the week higher boosted by solid corporate earnings. DJIA: +141.82 20,804.84 NASDAQ: +28.57 6083.70 S&P: +16.01 2381.73

Word of The Day:

Chartered Financial Analyst (CFA)

The professional designation given by the CFA Institute after a candidate pass three levels of exams covering areas such as accounting, economics, ethics, money management, and security analysis.

Dinner or Drink:

Pineapple Crush

  • 1 part Spiced Rum
  • 1 part Pineapple Rum
  • 1/2 fresh Lime Juice
  • 2 grilled Pineapple Ring
  • 2 parts Soda Water
  • Lime Wedges

Grill pineapple rings for 3 minutes each side. Muddle Pineapple in a tumbler then add Rums, Juice & ice. Shake 2 times (just to mix) Pour into a rocks glass and top with soda. Garnish with one grilled Pineapple ring & one Lime wedge

 

22

Highlights:

Come Back

International Business Machines Corp aka IBM is reversing its decades long policies of its employees working remote. The 105-year-old technology giant recent advice its U.S. based remote workers they must either stop working from home and return to a regional hub or find another job. The shift in policy is particularly surprising since the company had been among the business worlds toughest supporter of employees working remotely.  According to the company, the move will improve employee collaboration and accelerate the pace of work.  The changed comes as IBM tries to cope with 20 consecutive quarters of failing revenue.

Good Job

Walmart Stores reported stronger quarterly sales on Thursday, showing the world’s largest retailer is pulling in shoppers at a time when many competitors are struggling. Walmart’s same store rose 1.4% in fiscal first quarter, the 11th consecutive quarterly increase. The retailer benefited from an increase in store foot traffic. Wally world also reported a surge in e-commerce sales, led by its core Walmart.com site. The company’s average foot traffic also rose 1.5% accompanied by strand demand for groceries and household goods. Walmart’s stable sales comes as its competitors, like Target, are reporting declining sales as the traditional retail sector continues to be challenged by online retailers like Amazon. Shares of Walmart rose 3.2% to $77.54 in Thursday trading.

Markets:

Asia: Asian markets closed out the week higher as oil prices continued their upward climb.

Europe: European shares fell on Thursday as the political unrest in both Brazil and the U.S made investors jittery.

U.S:  U.S. markets closed higher on Thursday as investors took advantage of the bargains left from Wednesday’s sell off. DJIA: +56.09 20663.02 NASDAQ: +43.89 6055.13 S&P: +8.69 2365.72

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.

Diner or Drink:

Red Red Rita

  • 1 part Blue Silver 100% Agave Tequila
  • 1 part Blood Orange Juice
  • 1/2-part Lime Juice
  • 1/2-part Simple Syrup
  • 1 Blood Orange, Slice

Add ingredients to an ice-filled shaker. Shake and strain over ice into a margarita glass. Garnish with blood orange wedge on rim and serve.

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May 18

Highlights:

Let’s See Your Ugly Mug

Airline giant Delta announce it will launch a new, self-service bag drop off powered by facial recognition technology. The first of its kind pilot program will begin this summer at the Minneapolis-St. Paul International Airport. The airlines have spent $600,000 on four of the self-service stations which will use facial recognition to match customers to their passport photos and allow them to check their baggage. Using facial recognition technology will free up Delta’s agents to help customers in other areas. Testing has shown the self-service bag drop kiosk can process bag’s up to twice as fast as humans. Hmmm what could be next no wait at holiday ticket counters….

Pink Slip

Cisco Systems announced it will lay off an additional 1,100 employees and dropped its forecast for quarterly revenue as the networking company contends with market shifts from hardware to software. The move expands the company’s restructuring plan announced last August and will cut 5,500 jobs or 7% of Cisco’s workforce. The company also announced it would drop its quarterly earnings forecast from 4% to 6%. Cisco shares tumbled 7.7% in Wednesday after market trading.

Markets:

Asia: Asian equities closed lower on Thursday as investors reacted to the news of a special counsel was named to take over the Russia investigations.

Europe:  European markets closed lower on Wednesday as the U.S. political turmoil took front and center.

U.S: U.S. shares tumbled on Wednesday after the political turbulence finally jointed the markets. DJIA: -372.82 20606.93 NASDAQ: -158.63 6011.24 S&P: -43.64 2357.03

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:

Old Fashioned

4 dashes Angostura Bitters

1 tsp Sugar

1 Orange wheel

1 Maraschino cherry

1 splash Club soda

2 oz. Bourbon

Garnish: 1 Fresh orange wheel1 Cherry

Glass: Old Fashioned

In an Old Fashioned glass, muddle the bitters, sugar, orange wheel, cherry and a splash of soda

Remove the orange rind, add the bourbon and fill with ice

Garnish with a fresh orange wheel and cherry

 

 

May 16

Highlights:

Cut

Ford Motor Company (F) will cut around 10s% of its global workforce as Chief Executive Officer Mark Field drives to boost profits and improve the company’s stock price. The job cuts, expected to be outlined next week, largely target salaried employees. It is unclear if the plan will include reductions from Ford’s factory hourly workforce either in the U.S. or abroad. Currently the company has 200,000 workers worldwide and around half working in North America. The move comes as Ford targets $3 billion cost reductions for 2017 to help improve both its profitability and stock price. Ford’s stock price has suffered during Mr. Field’s three-year tenure, with the company’s market value slipping behind that of Tesla and General Motors.

Moving….

JPMorgan Chase (JPM) has bought an office building in Ireland as it accelerates its contingency plan for life after Brexit. The banking giant has acquired a 1,000-person capacity building in Dublin called 200 Capital Dock, the bank plans to move hundreds of London jobs to Dublin, Frankfurt and Luxembourg to help keep their EU customers after Britain’s exit. According to CEO, Jamie Dimon, the U. K’s departure from the EU could led to 4,000 of the bank’s 16,000 U.K. employees moving to other European locations.

Markets:

Asia: Asian shares closed higher on Tuesday as oil prices continue to rally.

Europe:  European equities closed higher on Monday as investors seemed giddy with higher oil prices and a regional win for German Chancellor Angela Merkel’s party.

U.S: U.S markets closed higher as oil prices rallied on the news Russia and Saudi Arabia are in favor of cutting oil production through early next year. DJIA: +85.33 20981.94 NASDAQ: +28.44 6149.67 S&P: +11.42 2402.32

Word of the Day:

Blue Chip Stock

A nationally recognized, well-established, and financially sound company. Blue Chip companies generally sell high-quality, widely accepted products and services. They are known to weather downturns and operate profitably in the face of adverse economic conditions, which help to contribute to their long record of stable and reliable growth.

Dinner or Drink:

Money Shot

1/3 oz. amaretto almond liqueur
1/3 oz. Irish cream
1/3 oz. melon liqueur

 

Shake ingredients together in a cocktail shaker. Strain into a shot glass; serve.

Read more: Money Shot recipe http://www.drinksmixer.com/drink12063.html#ixzz4hF8hb1D2

 

May 15

Highlights:

I give up

Anthem has officially given up on its deal to purchase Cigna Corp, setting the stage for a fierce court battle between the two companies with billions in potential damages up for grabs. Anthem and Cigna originally unveiled their deal in July 2015, amid a frenzy of health-insurer deal-making but behind the scenes problems were just getting started. Last year, the Justice Department filed an antitrust suit to block the deal, which would have created an insurance behemoth. A judge ruled against the merger in February and an appeals court upheld the decision last month. On Friday, Anthem gave Cigna the official notice it was terminating the merger agreement. Now the fight will play out in a Delaware court room, where both sides have sued the other. Anthem is seeking massive damages agreeing Cigna claiming it sabotaged the deal therefore, they are not entitled to the $1.85 billion breakup fee. Cigna, for its part, wants the $1.85 billion breakup fee and an additional $13 billion in damages as the company alleges Anthem did not use its reasonable best efforts to try and obtain regulatory approval.

New Edition

Amazon is making a major push into furniture and appliances, including building at least four massive warehouses focused on handling bulky items. Amazon already has a small corner of the future market however; the company has decided it would like a bigger piece of the fast-growing online market. But even the largest players in the online furniture market, like Pottery Barn and Wayfair, struggle to get the market right. Unlike books or music, retailers are still hammering out the basics of online furniture like how much variety to cover on their sites or the most efficient ways to deliver couches and dining room sets to customers. If anyone can figure out how to overcome all the obstacles and making furniture online easy it’s Amazon.

Markets:

Asia: Asian markets closed higher on Monday despite concerns over trade protectionism during the G7 meeting in Italy and North Korea’s latest missile launch over the weekend.

Europe: European shares closed slightly higher on Friday led by merger and acquisition news.

U.S: U.S. equities closed mostly lower on Friday as investors digested mixed economic data and the continued decline of the retail sector. DJIA: -22.81 20,896.61 NASDAQ: +5.27 6121.23 S&P: -3.54 2390.90

Word of The Day:

A-Share

A class of mutual funds found in a multi-class loaded fee structured mutual fund. Class A shares have either a front- or rear-end load to compensate for the sales person’s commission.

Dinner or Drink:

AJ Summer Drink

3 oz Grey Goose® vodka
1/2 ozfresh lemon juice
1/2 oz triple sec
7 fresh mint sprigs
1 oz simple syrup

 

Take a martini shaker add mint leaves & ice Muddle break down the mint too much. Then add Grey Goose vodka, fresh lemon juice, triple sec, simple syrup now add more ice cube. Shake all ingredients together and strain into a chilled cocktail glass. Enjoy

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May 12

Highlights:

Straight Path

Verizon Communications (VZ) announced it will buy Straight Path Communications (STRP) for $3.1 billion, ending a bidding war with AT&T over the wireless license company. Straight Path holds spectrum licenses used by telecom companies to expand services, including the fast 5G service. The all-stock deal comes a month after AT&T also struck a deal to buy the company for $1.6 billion. AT&T lost the deal after not matching Verizon ‘s price tag. The sale comes on the heels of Straight Path paying more than $100 million to the Federal Communications Commission for “squatting” on wireless spectrum licenses.

Free Fallin’….

Macy’s (M) shares tumbled on Wednesday after the retailer reported weaker sales and slimmer profits. Macy’s results fell short of Wall Street estimates and warned sales will continue to deuterate for the rest of the year. The overall retail industry has long been overly saturated when compared to other markets. It will take time to see what impact the consolidation and rash of store closures will have on the companies that survive. Shares of Macy’s lost $ 4.41 in Thursday’s trading and is down more than 30 percent this year.

Markets:

Asia: Asian markets closed lower on Friday, following weak earnings out of the U.S. and nerves about this weekend’s G7 Finance meeting in Italy.

Europe: European shares closed lower on Thursday as corporate earnings disappointed investors.

U.S: U.S. markets closed lower after Macy’s earnings failed to meet expectations. DJIA: -23.69 20919.42 S&P: -5.19 2394.44 NASDAQ: -13.18 6115.96

Word of The Day:

Supply Chain

The network between a company and its suppliers used to produce and distribute a specific product.

Dinner or Drink:

Mother Cocktail

1 oz. vodka
1 oz. gin
1 oz. sweet and sour mix
1 oz. grenadine syrup
beer

Mix gin, vodka, grenadine and sour mix together in a shaker. Pour into a Collins glass with ice, filling from half to three-quarters full. Top with beer, to taste, and serve.

Have a safe and wonderful weekend, Ya’ll!

May 11

Highlights:

Whole Paycheck

Whole Foods Market announced it will dramatically reshape its board to show its open to change after last month’s public comments from an activist investor urged the organic-grocery chain to explore a sale and speed up its turnaround efforts. On Wednesday, the Austin-based grocer named a new board chairman and five nominees to replace the five board members who recently stepped down. Nominees for the vacant board seats come from a broad range of retail and financial experiences at companies such as Panera Bread and Foot Locker. The company anticipates more board members to retire before its next shareholder meeting, leaving more spots for the company to bring in outside expertise. The shakeup comes during one of the rockiest periods in Whole Foods 40-year history where same store sales and overall sales have continued to decline.

Engine Failure

Airplane Manufacturer Boeing announced it would temporarily halt test flights of its new 737 Max aircraft due to engine issues. Engines for the 737 MAX are jointly made by General Electric and Safran of France. The grounding comes days before Boeing is due to deliver its first 737 Max to airlines and marks a high provide delay to the program. The engine issue was discovered last week by co-engine maker Safran and centers around a quality problem in a large metal disc used in the low-pressure turbine at the rear of the engine. The issues pose no safety concerns for travelers, as no airline has yet to fly the 737 MAX. Both American and Southwest were scheduled to take delivery of the 737 MAX this fall. News of the delay sent Boeing stock tumbling down over two dollars in Wednesday trading.

Markets:

Asia: Asian markets closed higher on Thursday as oil prices continued to rally.

Europe: European shares closed higher on Wednesday on solid earnings and a rally in commodities.

U.S: U.S. markets closed mixed as shares of Boeing and Walt Disney dragged down the Dow Jones Index. DJIA: -32.67 20,943.11 NASDAQ: +8.56 6129.14 S&P: +2.71 2399.63

Word of The Day:

Quantitative Trading

A trading strategy based on quantitative analysis, which relies on mathematical computations and number crunching to identify trading opportunities. Generally used by financial institutions and hedge funds where the transactions are usually large involving the sale of hundreds of thousands of shares.

Dinner or Drink:

Mellon-Berry Mist

  • 1 part Midori® Melon Liqueur
  • 1 part Pinnacle® Original Vodka
  • 1 part Cranberry Juice
  • 3 – 4 Strawberries
  • 1 Cucumber

Muddle a few strawberries and two thick round slices of cucumber well, add the remaining ingredients and shake with ice. Double strain into a chilled cocktail glass and garnish with a strawberry and cucumber wheel.

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May 9

Highlights:

A Country Mile

Network TV owner Sinclair Broadcast Group (SBGI) announced it will acquire Tribune Media (TRCO) for $3.9 billion in a deal that would create a broadcast behemoth or as Sinclair’s Chief Executive told analyst “the largest broadcast group by a country mile”. The combined companies, will cover 72% of the nation’s television households and have a revenue of $4.3 billion. Sinclair currently owns 173 stations in midsize and small markets while Tribune owns 42 stations in major markets like New York, Los Angeles, and Chicago. The deal will give Sinclair tremendous leverage when it makes deals to acquire content and give them clout with advertisers. Shareholders of Tribune Media will receive $43.50 in cash per share owned, an 8% premium to the stock’s closing price on Monday.

Echoooo

According to the rumor mill Amazon (AMZN) will unveil its new Echo as early as Tuesday. The new device, will allow users to make internet-based telephone calls setting up the device to become a pillar in home communications. The new Echo will be equipped with a 7-in touch screen to provide information like e-commerce search results in a more visually pleasing way. The new gadget is expected to set you back around $200 and could start shipping to consumers as early as next month.

Markets:

Asia: Asian shares closed slightly higher on Tuesday as investors weighted the results of the South Korea’s election.

Europe: European markets closed slightly lower on Monday despite Macron’s widely anticipated victory in French elections.

U.S: U.S. stocks closed mostly flat on Monday as tech companies lead stocks higher after markets spent most of the day in the red. DJIA: +5.34 21012.28 NASDAQ: +1.90 6102.66 S&P: +0.09 2399.38

Word of The Day:

Short Selling:

The sale of a security which is not owned by the seller, or that the seller has borrowed. Short selling is usually motivated by the speculative belief the security’s price will decline. This decline potentially enables the seller to buy the security back at a lower price and make a profit. The risk of losses on a short sale are endless therefore, it can be extremely risky.

Dinner or Drink:

The Contemporary

  • 2 part Tequila
  • 1/4-part Agave Nectar
  • 2 dashes Orange Bitters
  • Garnish with Orange Peel

Combine all ingredients in mixing glass. Stir well. Pour over ice in a rocks glass. Garnish with orange peel.

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May 8

Highlights:

Where’s my purse?

Luxury retailer Coach announced it will buy Katie Spade for $18.50 per share, for $2.4 billion. The per share price is a 27.5% premium over the share price as of December 27, the last day before deal rumors started affecting the stock price. According to Coach the combined company will create a “leading luxury lifestyle company” supported by significant expertise in hand bag design, merchandising, supply chain and retail operations. The deal is expected to close in the third quarter of this year.

Phone Home

Comcast Corp and Charter Communications have become wireless partners, as the cable giants look to get a piece of the cutthroat wireless business. As part of the deal, both companies agree not to make a material merger or acquisition of a wireless company without the other’s consent for one year. Both companies plan to rely on a five-year-old agreement with Verizon communications that will allow them to resell Verizon’s airwaves to offer cellphone service to their customers. Comcast has plans to start offering its mobile service to customers as soon as later this month. The new operational partnership will allow Charter and Comcast to share technology and work together to use their combined scale in vendor negotiations.  The partnership will also allow the two companies to share what they have learned about what works and what doesn’t’ in service plans and back-office billing operations.

Markets:

Asia: Asian markets closed higher on Monday after the French presidential elections ended just the way the markets wanted.

Europe: European shares closed higher on Friday as investors felt giddy after the release of the U.S. jobs report.

U.S: U.S. markets closed slightly higher on Friday as investors juggled a solid jobs report and the French elections. DJIA: +55.47 21006.94  Nasdaq:  +25.42 6,100.75 S&P +9.77 2399.29

Word of The Day:

Market Maker

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

Dinner or Drink:

Kentucky Mulled Cider

1¼ parts Bourbon

Apple Cider, Hot

Dash Allspice

Garnish Cinnamon Stick

Garnish Lemon, Sliced

Add Bourbon to a footed mug. Fill mug with hot apple cider and the dash of allspice. Garnish with a tall cinnamon stick and lemon slice.

 

 

May 5

Highlights:

Now Hiring….

On Friday, the Department of Labor released its monthly jobs report. According to the report, the overall economy added 211,000 jobs in April blowing away analyst expectations.  The unemployment rate is at 4.4%, the lowest since May 2007.

Greyball

Ride sharing giant, Uber, is facing a criminal probe from the U.S. Justice Department over use of software the company created called Greyball. According to government officials, the software was used to evade law enforcement and transportation regulators by helping Uber vehicles hide from regulators who were conducting sting operations on drivers in areas the company was not yet licensed in. Uber maintains it created the software to help protect drivers from “fake riders”.  Greyball, according to Uber, was created to help cut down on fraud and protect drivers from violent taxi union protestors. The program identified suspicions users either based on credit card information, location, or the type of device being used to access the Uber app. Once a rider had been “greyballed” Uber would show a different version of its app with fake cars that would not respond to the request.  According to sources the investigation is in the beginning stages and so far, criminal charges have not been filed against the company.

Markets:

Asia:  Asia markets closed lower on Friday as investors wait for Friday’s jobs report and oil prices continued to decline.

Europe:  European markets closed higher on Thursday as economic data and politics align.

U.S: U.S markets closed flat on Thursday as investors juggled expectation for Friday’s jobs report and declining oil prices. DJIA: -6.43 20951.47 NASDAQ: +2.79 6075.34 S&P: +1.39 2389.52

Word of The Day:

Sell in May and Go Away…

A well know trading adage that warns investors to sell all their stock holding in May avoiding the seasonal decline in equity markets.

Dinner or Drink:

Ultimate Cinco de Mayo Margarita

2 oz. 100 Proof Tequila
1 oz. Grand Marnier® orange liqueur
1 Oz fresh lime juice
ice

Shake over ice or blend. Garnish with a lime wedge,

Like our drink today, click here for more.

Have a safe and wonderful weekend, Ya’ll!

May 3

Highlights:

Now Hiring

On Wednesday private payroll company, ADP released its monthly jobs report. According to the report, the private sector added 177,000 jobs in April, beating analyst estimates. On Friday, the Department of Labor will release their report of how many jobs the overall economy added in April.

Phone Home

Apple Inc. released its earnings on Tuesday. The company extended its rebound of rising profit and revenue, but sales of its iPhone were tepid. Shipments of Apple’s flagship product slipped 1% from a year earlier to 50.8 million iPhones putting more pressure on the company to make its new version of the iPhone a spectacular one. Profits for the company in the three months through April 1 rose 4.9% to $11.03 billion, Apples’ first quarterly increase in earnings in more than a year. The overall quarterly performance adds evidence that the world’s most valuable company has stabilized its business after a slump in revenue last year.

Markets:

Asia: Asian markets closed mixed on Wednesday, as Wall Street gains were offset by disappointing earnings from Apple.

Europe: European shares closed higher on the first trading day of May after upbeat economic data added evidence of a robust underlying economy.

US: U.S. markets closed higher on Tuesday as investor bet the Federal Reserve will hold rates steady when their meeting ends on Wednesday. DJIA: +36.43 20,949.89 NASDAQ: +3.77 6,095.37 S&P: +2.84 2,391.17

Word of The Day:

Limit On Open Order (LOO):

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

Dinner or Drink:

Apple Bottoms

1 shot of apple schnapps
1 shot of apple vodka
1 shot of Sour Apple Pucker schnapps
1 shot of triple sec
1 shot of apple juice

Pour all ingredients into a mixer, add ice, shake till mixed, strain and pour into glass.

May 2

Highlights:

List Price

IAC announced it will purchase Angie’s List, combing the consumer-review site with IAC’s Home Advisors and forming a new, publicly traded company. Under the terms of an agreement, Angie’s List shareholders will receive either one Class A common share of the new company or $8.50 in cash for each share owned. The new company will be called ANGI Homeseries, Inc. At $8.50 a share, the deal would value Angie’s List at more than $500 million and represent a 44% premium over Monday’s closing price of $5.89.  Angie’s List is a well-known service that provides both a directory and recommendations of plumbers and the like, with more than five million members and 55,000 service professionals. Homeadvisors is like an Uber for such professionals with 156,000 service providers and nine million homeowners.

See Ya

Fox Channel announced co-president Bill Shine has resigned, the latest high-level departure at the network who has been rocked by charges of harassment and discrimination against women. Shine has not been accused of any direct wrongdoing however, other employees at Fox have claimed he know about the issues and looked the other way as charges piled up. Shine’s leadership experience learned at the feet of ex-CEO Roger Ailes was considered invaluable for the top-rated network and had earned him a spot as co-president with Jack Abernethy. To fill the void of Shine’s departure, Fox will promote two other executives, Suzanne Scott and Jay Wallace, into prominent newsroom roles.

Markets:

Asia: Asian markets closed mixed on Tuesday after major exchanges outside of Japan and Australia resumed trading after Monday’s public holiday.

Europe: European markets were closed on Monday for the May 1 holiday.

US: U.S shares closed mixed on Monday as investors look for profits in the tech sector

DJIA: -27.05 20,913.46 NASDAQ: +44.00 6,091.60 S&P: +4.13 2,388.33

Word of The Day:

Majority Shareholder

The person or entity that owns more than 50% of a company’s outstanding shares.

Diner or Drink:

Bad News Bears

1 oz. Jagermeister® herbal liqueur

1 oz. vodka

4 – 6 oz. Mountain Dew® Pitch Black soda
2 oz. fruit punch

Stir ingredients together and serve in a cup

May 1

Highlights:

Tweet, Tweet

Twitter is moving into the news business. The social media player will team up with Bloomberg Media to launch a 24-hour news channel this fall. The Twitter news channel will cater to an intelligent audience around the global and will have a broader focus than the existing Bloomberg TV network. The free, ad-supported channel will feature original live news along with third-party video content from various sources. The new channel will provide Twitter an anchor as it aggressively moves into live-steaming video. In the first quarter of this year, Twitter streamed more than 800 hours of live video from content partners reaching 45 million unique viewers.

Coke Time

Coca-Cola announced it will eliminate roughly 20% of its corporate staff, as the beverage giant battles a slump in soda sales. New chief executive, James Quincey, said the company will cut 1,200 jobs this year to run a more focused, lean corporate center. The majority of the layoffs will occur at the companies Atlanta headquarters. Five years ago, the company employed 150,900 people around the world. As of December 31, the company employed just over 100,000 people. This latest round of layoffs will not be the company’s last. According to Coca-Cola it expects to have fewer than 40,000 employees world-wide by next year.

Markets:

Asia: Asian markets, who were open today, closed slightly higher on after Congress reached a deal overnight to fund the government through the Fall.

Europe: European markets closed on Friday as investors reacted to earnings and continued geopolitical tensions.

U.S: U.S. stocks closed lower on Friday as growth in the first quarter slowed to the slowest pace in three years. DJIA: -40.82 20,940.51 NASDAQ: -1.33 6,047.61 S&P: -4.57 2,384.20

Word of The Day:

Moving Average:

An indicator which shows the average value of a security’s price over a specific time. Moving Average (MA) is frequently used in technical analysis of the markets.

Dinner or Drink:

May Day

  • 2 ripe peaches, pitted and roughly chopped
  • 1 part rum
  • 4 strawberries, cubed
  • flesh and seeds of 2 passion fruit
  • 4 ounces cloudy apple juice
  • 1 Tablespoon superfine sugar
  • 2 teaspoon grated fresh ginger
  • crushed ice
  • Apple fans for garnish

Blend all the ingredients together with crushed ice. Pour the mix equally into two highball glasses. Garnish with an apple fan.

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