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Jun 29


For Sale

Private equity firm Sycamore has agreed to buy office supply chain Stapes (SPLS). Staples shareholders will receive $10.25 a share for each share they own. The price represents a 20% premium to the price shares were trading just before news broke the two were exploring a sale in April. The transaction is the largest leverage buyout this year thus far and is expected to close by the end of the year.


Walgreens Boots Alliance announced Thursday it will scrap its deal to purchase Rite Aid Corp and will instead buy 2,186 of its stores for $5.18 billion. Walgreens will pay Rite Aid $325 million in termination fees for ending the merger. The deal between the two rival drug stores had been waiting on the Federal Trade Commission to decide if it would try and block the merger. In May, Walgreens moved to force a U.S. decision on the matter, which was due by July 7.  Once the new deal closes, Walgreens will begin acquiring the Rite Aid stores and related assets over a period of approximately six months. Walgreen plans on converting the stores to the Walgreens brand over time.


Asia: Asian indices closed higher on Thursday after yesterday’s triple digit handoff from Wall Street.

Europe: European shares closed higher on Wednesday as investors placed bets on when the ECB will stop its stimulus program.

U.S: U.S. markets closed higher on Wednesday as investor bet banks will now make more money on lending as rates increase. DJIA:+143.95 2440.69 NASDAQ: +87.79 6234.41 S&P: +21.31 2440.69

Word of The Day:


The rate which the general level of prices for goods, and services is rising while consumer purchasing power is falling. Central banks attempt to stop severe inflation, along with severe deflation, in an attempt to keep excessive price growth to a minimum.

Dinner or Drink:

  • 1 1/2 parts Bourbon Whiskey
  • 1/2 part fresh Lemon Juice
  • 3/4 part Simple Syrup
  • 7 Blackberries
  • 7 Fresh Mint Leaves
  • 2-3 parts Wine, Sparkling

Muddle 6 blackberries and 6 mint leaves in a Boston Shaker with ¼ part simple syrup. In the mixing glass, combine Bourbon, lemon juice, and remaining simple syrup. Add to the muddled blackberries and mint leaves. Add ice and shake. Double strain into a Collins glass with fresh crushed ice.

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Jun 27


Now Hiring

Alphabet, parent company of Google, announced it has hired Avis Budget Group to store and service its self-driving cars in a deal that shows Alphabet’s vision for a network of driverless taxis is getting closer to a reality. Avis (CAR), which also owns rental-car service Zipcar, said under the multiyear agreement, it will modify some of its rental-car locations to park Waymo’s vehicles and perform services like oil changes and tire rotation. Financial terms of the deal were not announced however, the contract is not exclusive and Waymo can hire other fleet managers. Shares of Avis rose 14% on Monday closing at $27.67.

Dial It Up

Sprint has entered exclusive talks with Charter Communication and Comcast to explore a deal that could bolster their plans to offer wireless service. One agreement the companies are considering is for Charter and Comcast to invest in improving Sprint’s network in exchange for favorable terms to offer their customers as part of a tv, internet, wireless bundle. Such a deal would involve the companies taking an equity position in Sprint. Currently, Charter Communications and Comcast have a network-resale agreement with Verizon, but the Sprint deal would provide more perks. Sprint is so hopeful a deal can be reached, it put its two-month exclusive agreement merger talk agreement with T-Mobile on the back burner for now.


Asia: Asian markets closed mixed on Tuesday as investors keep an eye out for signals as several central bankers speak this week.

Europe: European shares closed higher after Italy’s government struck a deal to wind down and close two of its most troubled banks.

U.S: U.S. markets closed mostly flat on Monday as investors opted for the pool. DJIA: +14.79 21,409.55 NASDAQ: -18.10 6,247.15 S&P: +0.77 2,439.07

Word of The Day:

Business Cycle

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

Dinner or Drink:

AJ Summer Drink

3 oz. Grey Goose® vodka
1/2 Oz fresh 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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Jun 26


Chapter 11

Troubled airbag maker Takata filed for bankruptcy protection in Japan  and the U.S over the weekend and has agreed to sell most of its operations to a rival. Takata’s bankruptcy protection filled by its parent company in Japan early Monday and Chapter 11 filing for its U.S. subsidiary late Sunday will allow the company to attempt to stabilize its finances. Takata, founded 83 years ago, started as a textile company and grew into one of the largest automotive safety companies in the world. What began as a limited recall in some parts of the U.S in late 2008, spiraled into a recall of 42 million vehicles in the U.S. after at least 16 deaths and more 180 injuries were linked to a defect in the company’s airbags. As part of the bankruptcy filing the company announced a preliminary plan to sell almost all its assets to Key Safety Systems Inc. for nearly $1.6 billion. The sale will help Takata meet its $850 million payment obligation to the automakers early next year, part of the $1 billion plea deals the company made with the U.S Justice Department.


The Co-Founder and CEO of music streaming service, Pandora, is planning on stepping down. Tim Westergren, who founded the music streaming service 17 years ago, has been running the company since 2016. The company has yet to find a replacement for Westergren. Pandora was an early pioneer in the steaming music service, growing its base to more than 80 million people. But the company has struggled to generate enough advertising revenue to cover cost of its free service as competitors like Spotify came on the scene. Earlier this month, Sirius XM announced it would invest in at least $480 million into Pandora in exchange for a 19 percent stake and three board seats.


Asia: Asian markets closed higher on Monday as the price of oil seems to have stabilized for now.

Europe: European shares closed out the week in the red after Germany business activity dipped to a four-year low.

U.S: U.S. markets closed mostly flat on Friday as oil prices rallied and investors enjoyed a summer Friday.  DJIA:   -2.53 21,394.76 S&P: +3.80 2,438.30 NASDAQ: +28.57 6,285.25

Word of The Day:

Return on Investment (ROI)

ROI measures the amount of return on an investment relative to the investments costs

Dinner or Drink:

Crisis Car

1 oz. Hennessy® cognac
0.5 oz. Grand Marnier® orange liqueur
0.5 oz. Absente® herbal liqueur
0.5 oz. lemon juice
0.5 oz. simple syrup
4 drops of Angostura® bitters

Mix all ingredients except for Angostura Bitters, in cocktail shaker. Shake. Double strain through a tea strainer. Add 4 drops of Angostura Bitters, using a tincture bottle, on four corners of cocktail glass.


Jun 23



U.S banks made it through the latest rounds of stress test according to the Federal Reserve. The test results, announced on Thursday, showed 34 of the institutions under scrutiny have enough capital to make though the two scenarios regulators posed. The Scenario’s focus on situations banks could face during a financial crisis like the ones during the 2008. The test marked the third straight year in a row the banks have met all the Fed’s standards for health and the results boost arguments for the government to loosening regulations for banks. Thursday’s results are the first in a two-step process, with the second occurring next Wednesday when the Fed approves or disapproves the banks plans to return capital to their prospective shareholders.

Rescue Me…

Warren Buffett has agreed to purchase a minority stake in Canadian lender Home Capital Group, the latest move to secure generous returns in exchange for backing businesses other investors are fleeing. The deal will include Buffet’s Berkshire Hathaway to pay $300.7 million for a 38.4% stake in the Toronto basted Home Capital and extend a $1.5 billion line of credit. The deal according to Home Capital will help solve the troubled lenders requirement for additional liquidity and a lower-cost credit agreement, which the board feels are the best available path to long term success for the company. In recent years, Home Capital has missed financial guidance amid weaker loan volumes and declining income. In March, the company also revealed that several of its executives and directors had received enforcement notices from the Ontario Securities Commission relating to the company’s disclosure practices and stock trades. Warren might just have his work cut out for him.


Asia: Asian markets closed mixed on Friday as oil prices seem to be stabilizing a bit.

Europe: European markets closed higher on Thursday as oil prices rallied.

U.S markets closed mixed on Thursday led by a rally in the health care sector. DJIA:

-12.74 21397.29 Nasdaq: +2.73 6236.69 S&P: -1.11 2434.50

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:


1 part Straight Rye Whiskey

3/4-part Applejack Brandy

1 teaspoon Honey

3 parts Soda Water

1/2-part Lemon Juice

Garnish with Lemon Peel

Add lemon juice and honey to bottom of glass and stir to dissolve honey. Measure and pour in Jim Bean Rye and Applejack. Fill glass completely with ice, top with soda. Garnish and serve.

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Have a safe and wonderful weekend, Ya’ll!


Jun 22



After years of running away from selling their products on Amazon, Nike has struck a deal with the online giant to start selling their goods sometime during the summer. For years Nike has sold its shoes and sportwares through department stores and specialty retailers but has refused to sell them directly to Amazon because they felt it would undermine the brand. But with traffic slowing to malls and continued sluggish sales the company has decided to final come together with Amazon. In the deal Nike will provide some of its products for Amazon to sell in exchange Amazon will police counterfeit and third-party selling of Nike’s merchandise on the site. The agreement comes as both parties are making changes to their strategies. Shares of athletic retailers like Foot Locker and Finish line tumbled on the news, while share of Nike closed higher on Wednesday.

Flying High….

State-owned Qatar Airlines would like to buy a 10 percent stake in American Airlines. According to regulatory filings by American the bid was unsolicited however, both airlines CEO has spoken. Qatar submitted its on regulatory filing under the Hart-Scott-Rodino Act, which is subject to review by the Justice Antitrust Division. If Qatar is successful with its bid it would help the airline leverage influence with both Wall Street and more importantly decision-makers in Washington. American and Qatar are already partnered as members of the Oneworld marketing alliance, which allows passengers to earn and redeem points on each other’s flights. An expanded partnership could make it easier for American passengers to travel to smaller cities in India, and developing countries in Southeast Asia. The move is the latest in a string for Qatar Airways. In the last year Qatar has also bought stakes in Meridiana, Italy’s second-largest carrier and a 10 percent stake in Chilie’s Airlines Group.


Asia: Asian shares closed mostly lower on Thursday as declining oil prices continue to take their toll on global markets.

Europe: European markets closed lower on Wednesday after a Bank of England official said he would vote for a rate hike at their next meeting.

U.S: U.S markets closed lower for a second consecutive session on Wednesday as oil prices continued their slide. DJIA: -57.11 21,410.03 S&P: -1.42 2435.61 NASDAQ: +45.92 6233.95

Word of the Day:

Oil Reserves

An estimate of the amount of crude oil located in an economic region.  Oil reserves are based on the amount of oil extracted under current technological constraints not future technological constraints. For example, if oil pools are located at unattainable depths, they would not be considered part of the nation’s reserves.

Dinner or Drink:

Ticket To Fly

1/4 Bacardi® white rum
1/4 Smirnoff® vodka
1/4 Jose Cuervo® gold tequila
1/4 triple sec
Pina colada mix
grenadine syrup


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

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

Finally add ice and mix everything in the blender.

Read more: Ticket to Fly recipe


Jun 20


Subscribe Now…

Board game maker Hasbro’s launched its first-ever subscription service on Monday. The service will send a curated collection of new board games straight to consumers’ homes every three months. Customers of the service can pick from two varieties of the Hasbro Gaming crate, adult-only or family friendly. Each crate will include three new board games exclusive to the brand at a cost of $49.99 per crate. The new service will begin shipping crates out in early fall. The subscription service comes after a strong year of board game sales for the company which saw its game segment grow 9 percent.

Shows In a Snap…

New original programing will be coming to a snapchat near you. In a wide ranging $100 Million deal announced Monday, Snap and Time Warner Inc.’s Turner cable channels and the Warner Bros. studio will start creating as many as 10 original shows per year for Snap Inc. The deal will also allow Time Warner’s premium network, HBO, a path to create shows for the app. The two-year deal comes as Snap is trying to reinvent television or young, mobile users. For Time Warner’s money, it will get an investment into the Snap app, as well as advertising commitments from HBO, Warner Bros. and Turner networks. Snap will keep 50% of the ad revenue, while its media partners will keep the other half.


Asia: Shares in Asia closed mixed on Tuesday as investors wait to see if the MSCI Index will add Chinese A shares.

Europe: European markets closed higher on Monday after new French President Macron established a large and historic majority in the French assembly.

U.S: U.S. shares surged on Monday lead by a rally in the tech stocks. DJIA: +144.71 21528.99 NASDAQ: +87.25 6239.01 S&P: +20.34 2453.46

Word of The Day:


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

Dinner or Drink:

Beach Punch

  • 12 parts Peach Rum
  • 12 parts Ginger Ale
  • 4 1/2 parts Honey Syrup
  • 3 parts Lemon Juice

Combine Cruzan® Peach Rum, honey syrup and lemon juice in a pitcher. Stir then add ginger ale right before serving over ice.

Serves 6.

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Jun 19


Whole Deal

Online retail giant, Amazon, announced it will buy Whole Fords for $13.7 billion. The deal, which is expected to close by end of the year, still must get the approval of Amazon shareholders. The combined company could become the seventh-largest food retailer in the U.S. and a major player in the grocery business. The acquisition, Amazon’s largest ever, will give it a network of more than 460 stores that could serve as fronts for in-store pickup or a distribution network for its Pantry delivery service. The deal comes after Whole Foods (WFM) has faced increasing pressure form activist investor Jana Partners to sell the company to reverse its declining stock price. But the purchase may run into some regulator issues as some see it giving Amazon, an already dominant force in the retail space, too much leverage.


McDonald’s is parting ways with the International Olympic Committee after 41 years of Olympic sponsorship. In a joint announcement with the IOC, the fast food company has decided to end the partnership as part of an overall re-evaluation of itself and shift its focus onto other priorities. The split was effective immediately and McDonald’s name has been removed from the IOC website. McDonald’s became an Olympic sponsor in 1976 at the Montreal Summer Games. Eight years later, the chain and its franchisees built the McDonald’s Olympic Swim Stadium for the Los Angeles Summer Games.


Asia: Asian shares closed higher on Monday as Brexit negations start this week.

Europe: European markets closed higher on Friday as investors focused on political events and better than expected data releases.

U.S: U.S. stocks closed mostly up on Friday, led by Amazon’s big announcement.

DJIA: +24.38 21,384.28 NASDAQ: -13.74 6,151.76 S&P: +0.69 2,433.15

Word of The Day:


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:

1 1/2 oz. whiskey
1/2 oz. brandy
1/2 oz. blueberry brandy
1/2 oz. lemon juice
1 tsp sugar

Shake all ingredients with ice; strain into an old-fashioned glass. Garnish with an orange slice if desired.


Jun 16


Welcome to the Family…

Retail giant Walmart is buying internet retailer Bonobos for $310 million in cash. A menswear brand, Bonobos, launched online in 2007 and expanded into a brick and mortar retailer in 2011. Bonobos Founder and CEO Andy Dunn will join Walmart as part of the deal to oversee the company’s online consumer brands. Walmart will add Bonobos to its offering. Walmart has recently scooped up ecommerce brands to help it compete with online giant Amazon. Earlier this year Walmart bought online retailer ModCloth for an undisclosed amount and last year added to its portfolio.

Walking Shoes

Nike Inc announce it will cut more than 1,000 global jobs as part of a restructuring planed aimed at helping the sneaker giant battle slumping sales. The changes, according to the company, are part of new strategy which will focus on key markets, digital sales, and few products. The shift away from traditional brink and mortar stores along with the demise of retailers such as Sports Authority have pinched Nike’s share of the pie and allowed Adidas AG to recapture some of the market share it lost in past years. In March, Nike forewarned investors their sales growth for 2017 would be tepid, citing competition in the U.S. markets and a more promotional retail environment. Nike will release their latest quarterly results on June 29.

For Sale

Nestlé SA has put its U.S confectionery business up for sale as the company looks to shed Butterfinger and Crunch candy bars and focuses more on the U.S. consumers’ increase demand for healthy snacks. According to analyst the unit could be worth as much as $3 billion and generated around $922 million in sales last year. By shedding the unite which includes Babe Ruth and Nerds, Nestle would be able to focus more its faster-growing sectors, including coffee, pet food, water and health sciences. Nestlé ranks 3rd in world by market share behind second ranked Mondelez and first ranked Mars.


Asia: Asian indexes closed out the week mixed as crude’s decline continued.

Europe:  European markets fell for a second day on Thursday as sagging oil prices dragged down resource stocks.

U.S: U.S. shares closed lower on Thursday as tech stocks continued their price decline. DJIA: -14.66 21,359.90 NASDAQ: -29.39 6,165.50 S&P: -5.46 2,432.46

Word of The Day:


Refers to the direction the market is going. If the market is going higher than it is referred to as Bullish. If the market is declining it is called bearish.  Easy way to remember … a bull charges up the hill and a bear goes down the hill.

Dinner or Drink:


3/4 oz. white rum
3/4 oz. mango syrup
1/4 mango
1/4 oz. lime juice

Prepare mango fruit with rum and syrup in a blender with crushed ice. Strain into a large highball glass, and fill with crushed ice. Squeeze in a lime wedge, and serve.

Have a safe and wonderful weekend, Ya’ll!

Jun 15



On Wednesday, the Federal Reserve announced it would raise short-term interest rates and spelled out how it will begin to shrink its $4.5 trillion portfolio of bonds and other assets it collected during the financial crisis. The moves mark the latest test of the economy’s ability to grow on its own as the central bank dials back the unprecedented stimulus measures it unleashed during the 2008 financial crisis. Effective Thursday, the Federal Reserve will increase the benchmark federal funds rate, the rate banks charge each other to borrow money overnight, by a quarter percentage point. The Federal Reserve also provided more detail how it will start to unwind its balance-sheet gradually by allowing a small amount of bonds to mature each month and gradually increasing the amount of bonds maturing and rolling off their balance sheet, essentially setting a speed limit for the wind-down.


A divide between the Saudi ruling family and executives of the kingdom’s oil company over where to list its shares is slowing down the march towards a planned 2018 initial public offering. Executives at Saudi Arabian Oil Co, known as Saudi Aramco, are pushing the royal family to list the state-owned oil company on the London Stock Exchange. Executives at the oil company are concerned if the shares are listed on an U.S. exchange the company would be exposed to greater legal risks, including potential class-actions shareholder lawsuits. The royal family however, wants the share listed on the New York Stock Exchange, in part because of the kingdom’s long standing political ties to the United States and because it represents the deepest pool of capital in the world.  For which ever exchange wins the listing, it promises healthy fees. It is likely the company’s stock will attract international investors looking for a piece of the oil producer generating greater trading volume, the lifeblood of any stock market


Asia: Asian markets closed lower on Thursday after yesterday’s decision by the Federal Reserve to raise interest rates.

Europe: European markets closed mostly lower on Wednesday as investors remained cautious before the Federal Reserve meeting.

U.S: U.S markets closed mixed after oil prices continued to decline and the Federal Reserve raised rates. DJIA: +46.08 21374.56 S&P-2.43 2437.92 Nasdaq -25.48 6194.89

Word of The Day:

Quick Ratio

An indicator of a company’s short-term liquidity. The quick ratio measures a company’s

ability to use its most liquid assets to meet its short-term obligations.

Dinner or Drink:

Vermouth-Grapefruit Sangria

1/3 cup sugar

3 1/3 cups grapefruit juice, preferably fresh

2 cups dry vermouth

3 cups supremed grapefruit segments

1/2 cup thinly sliced grapefruit wheels, plus more for garnish

Bring sugar and 1/3 cup grapefruit juice to a boil, stirring until sugar dissolves; let cool completely. In a pitcher, stir together syrup, remaining 3 cups grapefruit juice, vermouth, and grapefruit segments and wheels. Cover and refrigerate at least 1 hour and up to 1 day. Serve over ice; garnish with a grapefruit wheel.



Jun 13


Snap, Crackle, Pop

McDonald’s is looking to hire a quarter of a million new employees their summer and the fast food chain is turning to social media to help them find new workers. Starting June 13, Snapchat users may see 10-sec ads with real restaurant employees talking about the benefits of working at McDonald’s. If the commercial’s catch the user’s eye and they want to apply for a position they can simply swipe up and they are redirected to McDonald’s career website in Snapchat and can cruise open positions. Called Snaplications, the effort is the first hiring-to-market hiring tool in the U.S. The company is also eyeing Spotify and Hulu as other potential platforms to reach possible job seekers.


Thanks to the Golden State Warrior winning Game 3 of the NBA Finals by “stealing” a road win, Taco Bell is giving away free Doritos Locos Tacos. The Steal a Game, Steal a Taco giveaway is tonight from 2 to 6 p.m. at participating Taco Bell locations nationwide. No purchase is necessary and there is a limit of one freebie per person while supplies last. I say let’s Run to The Border….


Asia: Asian markets closed lower on Tuesday as tech stock continued to tumble down and investors turn their eyes toward this week’s Federal Reserve meeting.

Europe: European shares closed lower as tech stocks continued their drop.

U.S:  U.S. stocks closed lower on Monday as the tech sector continued to bring down the broader market. DJIA: -36.30 21235.67 S&P: -2.38 2429.39 NASDAQ: -32.45 6175.46

Word of the Day:


The abbreviation for the British pound.

Dinner or Drink:

Taco Truck

2 oz. mezcal
1 oz. pineapple and cinnamon–infused Campari
1 oz. sweet vermouth
Tools: mixing glass, strainer
Glass: double Old Fashioned
Garnish: orange peel

Put the ingredients in a mixing glass full of ice and stir to chill. Strain into a glass over a single large ice cube. Twist an orange peel over the surface of the drink and garnish with the peel.

Pineapple & Cinnamon­­–Infused Campari: Peel, core and chop a whole pineapple into 1-2″ pieces and place them in a 1-gallon glass container with a tight lid. Gently toast 3 cinnamon sticks in a pan over low heat until warmed and slightly smoky. Add them to the jar along with 1 750-ml. bottle Campari. Let the mixture infuse for 12 hours, then use tongs to remove the cinnamon sticks. Let the mixture infuse another 2 days then strain into a clean glass container.

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Jun 12


Step Down

Longtime leader off General Electric, Jeff Immelt, announced he will be stepping down as chief executive effective Aug 1, ending a 16-year run where he reshaped the company after the financial crisis. He will be replaced by John Flannery, a 12-year veteran of the company who currently heads the company’s health care business. The change comes as GE has been under increased pressure from activist investor Trian Fund Management to slash its cost and boost profits. Recently Mr. Immelt laid out a two-year cost saving target and revamped GE’s executive bonus program because of pressure from Trian.

Drive away

Uber Technologies leadership crisis intensified over the weekend as the board of directors met to weigh issues including a possible leave of absence for Chief Executive Travis Kalanick and the departure of his closest lieutenant. According to the rumor mill Chief Executive Officer Emil Michael was planning to resign as soon as Monday as a direct result of a report by an outside consulting firm investigating the company’s sexual harassment scandal. Uber’s board did vote unanimously to adopt all the recommendations proposed by former Attorney General Eric Holder and his firm, Covington & Burling. The recommendations which include new human resources processes, training, and the future of key executives like Mr. Michael will be released to employees on Tuesday. What is not clear yet is if Uber CEO Travis Kalanick will take a leave of absences after last month’s boating accident which critically injured his father and killed his mother.


Asia: Asian markets tumbled on Monday after Friday’s Wall Street tech sell off.

Europe: European shares closed higher on Friday after Prime Minister Theresa May announced she will form a government alliance with Northern Irelands’ Democratic Unionist Party.

U.S: U.S. markets closed mixed after the bottom fell out of the technology stocks. DJIA:  +89.44 21,271.97 NASDAQ: -113.85 6,207.92 S&P: -2.02 2,431.77

Word of the Day:

Alternative Investments

An asset that does not fall under the conventional investment types, like stocks, bonds, or cash. Alternative Investments include art, futures, real estate, commodities, hedge funds, private equity, and derivatives contracts.

Dinner or Drink:

Last Goodbye

1 oz. cognac
3/4 oz. cherry brandy
1/4 oz. triple sec
1/2 oz. lime juice
1 tsp grenadine syrup

Pour into an old-fashioned glass half-filled with broken ice, and serve.

Jun 9


Private Eyes

Members of the Nordstrom’s family are exploring the possibility of taking the retailer private. The move signals the family is ready to double down on the business at a time when any investors see a bleak future for the American department store. Six of the Nordstrom heirs are considering acquiring the 70% of the company they don’t already own. At $46 a share the family would need to raise around $5.5 billion to fund a buyout. Nordstrom’s has fended off threats to its business in the past in part by moving quickly to hop on the off-price chain train and buying digital startup such as Truck club and HauteLook, Investors seemed to like the idea as shares of Nordstrom closed higher up $4.15 at $44.63.

Pink Slip

Department store parent company Hudson’s Bay announced it will eliminate 2,000 jobs throughout North America to help offset challenges its facing within the retail sector.  According to the retail giant the layoffs will save $350 million annually once the plan is fully implemented by the end of fiscal 2018. Hudson Bay, founded in 1670, employs more than 66,000 people and operates more than 480 stores such as Saks Fifth Avenue, Lord & Taylor, Gilt, and Saks Off 5th. The announcement comes after the company released its first-quarter earnings, which included a net loss of $22 million more than double the loss it had in the same period last year.


Asia: Asian markets closed mostly higher despite all the geopolitical events on Thursday.

Europe:  European shares closed mixed on Thursday after the ECB held interest’s rates steady and all eyes turned to the U. K’s general election.

U.S: U.S markets closed slightly higher after the ECB held rates and James Commey did not deliver a smoking gun. DJIA: +8.84 21182.53 NASDAQ: +24.38 6321.76 S&P: +0.65 2433.79

 Word of the Day:


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:

Summer Rain

1 oz. raspberry puree
1 oz. grapefruit juice
1 oz. pineapple juice
2 oz. orange sherbet
1 oz. lemonade

Blend all ingredients (except lemonade) briefly with half a glassful of crushed ice and pour into a highball glass. Add lemonade, garnish with fruit, add straws and serve.

Have  a safe and wonderful weekend, Ya’ll!

Jun 7


Invasion announced Tuesday it will attempt to invade into Wal-Mart’s stronghold lower-income consumers. The online giant will now offer a monthly Prime membership to customers who typically use food stamps at rate of $5.99 a month. The membership will allow customer unlimited two-day shipping, video and music content, photo storage, and other perks. Last year, shoppers using the Supplemental Nutrition Assistance Program generated around $13 billion in sales for Wal-Mart. But these customers may face several impediments when trying to access their membership like a lack of internet access, banking resources like credit cards, or safe places for delivery. To try and easy these issues Amazon will now allow customer to load cash into their accounts at physical locations, UPS has established package pickup locations, Amazon has added delivery lockers at locations around the country, and customers can use their mobile phones to access Amazon’s site. Amazon still faces one huge barrier to taking low income clients from Walmart, Food Stamps. Currently, food stamps are not eligible for payment online. My bet…. Amazon is already working on a solution to that issue.


Sears Holding announced it will close an additional 66 stores in its drive to bring Sears and Kmart stores back to profitability. The closing stores will include 49 Kmart and 17 Sears most closing by September. The financial woes of the Illinois-based Sears Holding have deepened dramatically in recent months. In March Sears, shocked investors when it disclosed to the SEC it had doubts it could keep its doors open without taping a major cash source. And in May it quietly closed an additional 30 stores on top of the 150 it announced closing at the beginning of the year.


Asia: Asia closed mixed on Wednesday as investors cautiously await Thursday trio of potential major risk events.

Europe: European stocks closed lower as investor cautiously wait for Thursday’s U.K elections.

U.S: U.S. stocks closed lower on Tuesday as investors juggle Comey’s upcoming testimony and the U.K elections. DJIA: -47.81 21,136.23 NASDAQ: -20.63 6275.06 S&P: -6.77 2429.33

Word of The Day:


A bond issued by the Germany federal government in 10- and 30- year denominations. German bunds are the equivalent of U.S Treasury bonds.

Dinner or Drink:

Blue Stallion Julep

  • 2 parts Bourbon
  • 1 1/2 parts Blueberry Schnapps Liqueur
  • 1 part Simple Syrup
  • Fresh Blueberries
  • Fresh Mint Sprig

Muddle together 1/3 cup fresh blueberries, Blueberry Schnapps and simple syrup. Add the Bourbon, stir well and top with lots of crushed ice. Garnish with fresh mint.

(Optional Mint Simple Syrup: Bring equal parts sugar, water and a handful of mint leaves to a boil, stir frequently. Turn off heat, set aside to cool and strain / remove the fresh mint.)

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Jun 6


Christmas in June…

Apple revealed its new toys on Monday at its annual Worldwide Developers conference. Among the new toys, a voice-activated speaker called the Homepod. The new Homepod, like its rival Alexia, allows customers to access a digital assistant for news, weather, sports, navigate music selection, and operate home automations. The homepod unlike its rival comes in 7 different languages and will use Siri as its virtual assistant. The new Homepod is bit more expensive than its rival coming in at a cost of $349.00. Apple also introduced a new screen design for its iPad Pro, a series of upgrades to its line of Mac computers, and a new feature to message that allows users to send money to their friends and family.

Step Aside

Longtime leader of J Crew Group, Mickey Drexler, will step aside as chief executive and hand the reins over to an outsider. On Monday, the company announced it has named James Brett, president of furniture retailer West Elm as its new CEO. The change comes at a time when the struggling retailer is scrambling to stay afloat and out of bankruptcy. Mr. Brett, comes to the company having tripled the sales of West Elm. Mr. Drexler, who transformed both the Gap and J. Crew into a household name, recently admitted in an interview he was surprised how quickly technology has upended fashion retailing. Many feel this has caused the preppy clothing retailer to fall behind the curve and is a major reason the store has continued to struggle with sales.


Asia: Asian indexes closed lower on Tuesday after a negative hand off from Wall Street on Monday.

Europe: Europe stocks closed mostly lower on Monday as investors reacted to fresh economic data and await this week’s monetary policy meeting of the ECB.

US: U.S. shares closed lower on Monday as investors reacted to geopolitical events. DJIA:  -22.25 21184.04 Nasdaq -10.11 6295.68 S&P -2.97 2436.10

Word of The Day:

Penny Stock:

A stock which trades at relatively low prices, such as a couple pennies, and has a relatively low market capitalization.  Penny stocks usually trade outside of the major market exchanges. This type of stock is generally considered to be highly speculative and high risk because of their lack of liquidity, large bid-ask spreads, small capitalization and limited following and disclosure.  Often penny stocks trade over the counter through the OTCBB and pink sheets.

Dinner or Drink:

Cherry Tuesday

1 oz. cherry vodka

1/2 oz. dry sherry
1/2 oz. gold tequila
1/4 oz. Amadeus® almond liqueur
4 Oz cold cola

Pour ingredients into an ice-filled Collins glass.





Jun 5



On Friday, shares of Buffalo Wild Wings rose as much as 5.3 percent after it announced CEO Sally Smith will retire before the end of the year and three of activist investor Marcato’s nominees were elected to the company’s board. Smith, who had served as CEO of the wing’s chain for nearly 21 years, withdrew her candidacy for election of the board at the company’s annual shareholders meeting held on Friday. Smith departure comes only months after Marcato suggested she leave the chain after it has experienced sluggish sales over the last several quarters. The company also touted new strategies to improve sales at the shareholder meeting including opening smaller locations around heavily populated areas to focus on takeout and delivery. Shares of BWLD gained $2.60 closing at $152.35.

Move over Beer….

The NFL announced it is finally ready for a stiff drink. The football league has decided to change its advertising policy and will now allow its television partners to accept commercials for distilled sprits. The NFL will accept nor more than four 30-second hard-liquor spots per game with a limit of two such spots in any quarter or during halftime. In addition, the networks airing the match ups, like Fox or ESPN, can run two spots during pregame and postgame. The ads will also have to have a prominent social responsibility message and cannot have a football theme or target underage drinkers. In the past 10 years, sports leagues have tried to aggressively expand advertising to bring more revenue beyond traditional beer brands, car makers, and financial-services firms. Last year Hard-liquor companies spent roughly $411 million on U.s ads.


Asia: Asian markets closed lower on Monday after this weekend’s terror attacks and four countries snapped diplomatic ties with Qatar over its support of terrorism.

Europe:  European markets closed slightly higher on Friday as investor reacted to a disappointing U.S. jobs reports.

U.S:  U.S. equities hit record levels on Friday as investors shrugged off Friday’s below expectation jobs report.  DJIA: +62.11 21,206.29 NASDAQ: +58.97 6305.80 S&P: +9.01 2,439.07

Word of The Day:

Net Asset Value

The value per share of a mutual fund or exchange traded fund on a specific date or time.

Dinner or Drink:

Classic Manhattan

  • 4 parts bourbon
  • 1/2 parts Orange Liqueur
  • 1/2 parts Cherry Schnapps
  • 1 dash Bitters

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


Jun 2


Jobs, Jobs, Jobs

On Friday, the Department of Labor released its monthly jobs report. According to the report the economy added 138,000 jobs in May lower than the 184,000 jobs analyst expected. The unemployment rate is at 4.3%.


Walmart is testing a new delivery method in its continuing battle with Amazon. The new service pays employees extra to deliver online orders as they drive home. An app enables Walmart employees to choose how many packages they would like to drop off, how heavy the packages are, and when they are able to make the deliver. Once the employee finish their shift, they pick up the items they have agreed to deliver from the store’s back room, and use the same app to plot the quickest route for their deliveries and home. The new service is being tested at two stores in New Jersey and one in Arkansas.  Walmart’s new service is the latest example of how the world’s largest retailer is leveraging its large network of stores and 1 million employees to compete with e-commerce giant Amazon.


Asia: Asian shares closed out the week in the green after the release of strong private payrolls report on Thursday.

Europe: European indexes closed higher on Thursday after the ADP jobs report below analysts’ expectations away.

U.S: U.S. markets closed higher on Thursday as a plethora of steady economic news had investors feeling good. DJIA: +135.53 21,144.18 S&P: +18.26 2430.06 NASDAQ: +48.31 6246.83

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:

AJ Summer

3 oz. vodka

1/2 oz. fresh 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

Like our drink today, click here for more.

Have a safe and wonderful weekend!





Jun 1


Now Hiring

On Thursday, private payroll company ADP released its monthly jobs reports. According to the report the private sector added 253,000 jobs in May blowing away analyst estimates. On Friday, the Department of Labor will release its month jobs report.

Closing Time

Michael Kors (Kors) announced Wednesday it will close 100 to 125 of its full-priced retail stores amid increasing pressure from deep discounting across the industry. The store closures will occur over the next two years and the company expects to record a $125 million charge about its plans. In addition to closing stores, the company is also embarking on a plan to renovate more than 100 stores. Like its peers, Michael Kors has been struggling to sell its products at full prices as shoppers have gotten used to deep discounts at department stores and outlets. The company’s attempts at reducing the flow of goods to department stores and focusing on higher quality products has not seem to work. Shares of the company tumbled $3.09 on Wednesday to close at $33.18.


Asia:  Asian markets closed mixed on Thursday as a stronger Chinese Yuan took its toll on the exporters.

Europe: European shares closed lower on Wednesday as investors start to climb the wall of worry about next week’s U.K. vote.

U.S: U.S. markets ended the month lower as investors look cautiously toward this week’s jobs data. DJIA: -20.82 21,008.65 NASDAQ: -4.67 6,198.52 S&P: -1.11 2,411.80

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:

Razzmatazz Sangria

  • 1 part Razzmatazz® Schnapps Liqueur
  • 3 parts Red Wine
  • Mixed Berries
  • Soda Water

Razzmatazz® Schnapps & wine in a glass or pitcher. Add ice & stir gently. Optional: Add chopped fruit & top with soda water



First Time

Online retail behemoth Amazon (AMZN) briefly hit the $1,000 a share mark during Tuesday’s trading session. The milestone has Amazon joining an elite club with only four other U.S. listed companies whose shares have traded at the $1,000 mark. Amazon’s new price puts it market value at around $477 billion, double that of rival Walmart Stores. The price for shares of Amazon did retreat a bit in Tuesday’s afternoon trading session, closing at $996.70.

Your Fired

Uber Technologies fired its top driverless-car executive Anthony Levandowski just nine months after buying his startup for $680 million in a move to help contain a legal battle with Google’s parent company Alphabet. Uber dismissed Levandowski after he missed the company’s deadline to produce court ordered document related to the company’s lawsuit with Alphabet. Alphabet has accused both Uber and Levandowski of conspiring to steal proprietary information while Levandowski lead Alphabet’s driverless-car unit. Uber has denied the allegations but has struggled to prove its innocents as Levandowki has repeatedly decline to comment or turnover any documents.


Asia: Asia stocks closed mixed in Wednesday trading after the British pound fell on new poll results and better than expected official PMI figures out of China.

Europe:  European markets closed lower on Tuesday as investors are becoming anxious about the upcoming election.

U.S: U.S. shares closed lower on Tuesday as declining oil prices hit the energy sector. DJIA: -50.81 21,029.47 NASDAQ: -7.00 6203.19 S&P: -2.91 2412.91

Word of The Day:


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

Dinner or Drink:

Handsome Ginger

  • 1 part Vodka
  • 2 parts Ginger Beer
  • 1 splash Lime Juice
  • Mint, Fresh

Mix in a glass with ice and top it off with fresh mint


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