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Nov 30

Highlights:

Step Down

Chipotle Mexican Grill, founder and chief executive, Steve Ellis, is stepping down after the fast-casual dining pioneer failed to retain customers amid rising competition and repeat food-safety scares. Mr. Ells was a pioneer of dining chains that marketed themselves as a step up from fast food but lack the table service of a sit-down restaurant. Ellis began selling Chipotle’s burritos in Denver 24 years ago, introduced freshly prepared and organic ingredients to a wider audience. Chipotle has had a tumultuous two years as it has dealt with repeated food-safety scares causing a decline in customers and the company’s stock price. Ells acknowledged he neglected customer service as he addressed the E. coli, salmonella, and norovirus outbreaks. In recent months, he vowed to improve operations however, customers have failed to return to the chain despite good giveaways and new advertising campaigns.  Ellis will move into the role of executive chairman after a committee of the restaurant’s board members hire a new CEO.

Work…

Alexa will soon see you at work. Amazon is expected to announce on Thursday, it will roll out a business version of Alexa along with a set of initial partners that have developed “skills” or apps for business customers. The new technology would come in handy for connecting into teleconferences or adding data to enterprise-focused sales programs. Three years ago, Amazon debuted Alexa as the smart star inside it’s Echo speaker. Alexa understands what people say and then finds the best possible answer based on what it knows.

Markets:

Asia: Asian markets closed lower on Thursday lead by a decline in technology stocks after the sector sold off in the U.S on Wednesday.

Europe: European markets closed mostly higher on Wednesday after Brexit sentiment boosted markets.

U.S: U.S. markets closed higher on Wednesday, as investors bet momentum in the U.S. economic will continued. DJIA: +103.97 23,940.68 NASDAQ: -87.97 6824.39 S&P: -0.97 2,626.07

Word of The Day:

EAFE Index

An index created by Morgan Stanley Capital International made up of 21 major European indexes. The index serves as a benchmark of performance for major international equity markets. As the S&P 500 is used as the benchmark to gauge American stocks, EAFE is used to gauge International stocks.

Dinner or Drink:

Naughty List Hot Chocolate

  • Beer, Wine & Liquor
  • 1/2-part Peppermint Schnapps
  • 1 part
  •  Original Vodka
  • Drinks:
  • Hot Chocolate
  • Baking & Spices:
  • 1 Whipped Cream
  • Produce:
  • 1 Cherries

Rim mug with crushed candy canes. Pour ingredients into mug. Garnish with whipped cream and a cherry.

Nov 28

Highlights:

Wings

Private equity firm Roark Capital Group’s has agreed to buy Buffalo Wild Wings Inc. (BWLD.O) in a deal valued around $2.9 billion. The purchase will add to the private equity firm’s stable of eateries that includes Arby’s and Cinnabon.  Shareholders of Buffalo Wild Wings will receive $157 in cash per share. The price represents a premium of 7.2 percent to Monday’s close. The deal caps a tumultuous year for the wing chain, which lost a proxy fight with activist Marcato Capital leading to the resignation of longtime Chief Executive Officer Sally Smith.

We Are Done

Factory automation maker Emerson Electric has withdrawn its offer to buy rival Rockwell Automation after the smaller rival rebuffed its buyout offer twice. Rockwell resistance to Emerson’s overtures was not over price but over the believe Rockwell’s customers would be worse off if its products were no longer available on a single platform or software environment. To fend off future suitors Emerson will speed up its rate of stock repurchases over the next month and buy back up to $1 billion over the next 12 months.

Markets:

Asia: Asian indexes closed mixed on Tuesday as no news during the session had investors turning their attention to events later this week.

Europe: European markets closed lower on Monday led by the technology and financial sectors.

U.S: U.S. markets closed mostly higher on Monday after a seemingly successful black Friday.  DJIA: +22.79 23580.78 S&P: -1.00 2601.42 NASDAQ: -10.64 6878.52

Word of The Day:

Money Manager

A business or bank responsible for managing an individual or institutional investor’s securities portfolio. Typically for a fee, the money manager, has the fiduciary duty to choose and manage investments which are prudent for his or her clients, including developing an investment strategy, and buying and selling securities.

Dinner or Drink:

Holly Jolly Punch

  • 1 Cinnamon Allspice
  • 1 Nutmeg
  • 1 Sugar
  • Produce:
  • 1 Orange, Sliced
  • 3 parts Cranberry Juice
  • 6 parts Ginger Ale
  • 2 parts Orange Juice
  • 1-part Triple Sec
  • 2 parts Original Vodka

Add ingredients to a punch bowl and stir. Slowly stir in orange juice concentrate as it melts. Add spices to taste, and garnish with orange slices.

 

Nov 24

Highlight:

I Want My MTV

CBS and Dish network have resolved their dispute and are back friends again.  Their kiss and make-up ended a three-day blackout that affected customers across 26 states. Late Thursday, CBS announced it had reached a multi-year agreement with Dish to carry local stations as well as three other channels. On Tuesday, CBS pulled off its content on Dish network over a dispute revolving around how much Dish would pay for 28 local CBS channels as well as the Smithsonian Channel, POP, and CBS Sports Network. The blackout had prevented nearly 3 million Dish subscribers from watching football games on the Thanksgiving holiday.

Headed For A Slow Down….

Retailers have a new challenge as this year’s holiday shopping season heats up. UPS for the first time is tacking on a surcharge on packages shipped to homes around Black Friday and the week before Christmas to persuade company to send their orders outside those peak periods or make more money from ones that must be delivered. The surcharge has prompted some e-commerce retailers to consider other delivery options such as FedEx or the U.S. Postal Service. Some retailers are adjusting customer’s expectations to compensate for this year’s UPS rate change. Macy’s, which exclusively ships through UPS, is for the first time offering “no hurry shipping” this holiday season, giving all online shoppers the option of longer delivery times in exchange for “Macy’s Money” which can be used on future purchases. Macy’s will offer the delayed shipping option for several days around Black Friday.

Markets:

Asia: Asian markets closed mixed on Friday after a quiet overnight trading session with U.S. markets being closed for the Thanksgiving holiday.

Europe: European markets closed lower on Thursday in sparse trading.

U.S:  U.S. markets closed mostly down on Wednesday as investors are getting ready for the Thanksgiving holiday. DJIA: -64.65 23,526.18 NASDAQ: +4.88 6867.36 S&P: -1.95 2597.08

Word of The Day:

Turkey

A slang term for an investment that yields disappointing results or turns out worse than expected.

Dinner or Drink:

Christmas Elf’s Revenge

2 oz. White Sambuca
1 oz. Cinnamon schnapps
1 oz. apple schnapps
20 ml ginger syrup
90 ml apple juice
1-inch cube ginger root
1 pinch cinnamon powder

 

Crush the ginger root and add the ginger syrup, apple juice, Sambuca and schnapps. Shake well and strain into a Pina colada glass, which should be about half full of crushed ice. Add the goldschlager then sprinkle the cinnamon powder over the top. Serve with a slice of apple floating on the top, and a straw.

 

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Read more: Christmas Elf’s Revenge recipe http://www.drinksmixer.com/drink11388.html#ixzz4zN5QYvJE

Nov 22

Highlights:

Hack Attack

Ride sharing company Uber Technologies revealed on Tuesday it has paid hackers $100,000 to conceal a data breach. The breach affected 57 million accounts and happened one year ago. Taken were the names, emails, and phone numbers of millions of riders and around 600,000 drivers license numbers. According to Uber social security numbers and credit card information were not accessed. Uber identified the hackers and “obtained assurances” they have destroyed the data. For their roles in the breach and cover up, Uber has fired its chief security officer, Joe Sullivan and deputy Craig Clark.

I’m Out

Hewlett Packard announced Tuesday, Chief Executive Meg Whitman will step down early next year. Currently President Antonio Neri will take over for Whitman as CEO on February 1, 2018. Both Whtiman and Neri will remain on the board. Whitman will exit a much different company than what she joined inn 2011. Under Whitman Hewlett-Packard restructured into two brands, spinning off other businesses and streamlining HPE to keep up with cloud-savvy competitors. Whitman’s department comes after she was considered but ultimately didn’t take, a job as the CEO of ride-hailing giant Uber.

Markets:

Asia: Asian markets closed higher on Wednesday after a solid handoff from Wall Street.

Europe: European markets closed higher on Tuesday as investor again dismissed any negative corners about the political impasse in Germany.

U.S: U.S markets closed higher on Tuesday as a rally in tech lifted the broader market. DJIA: +160.50 23959.83  NASDAQ: +16.89 2599.03 S&P: +71.16 6862.48

Word of The Day:

Earnings Per Share

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

Dinner or Drink:

Holiday Cocktail

1/2 oz. Cointreau® orange liqueur

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

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

Strain into glass, top with champagne.

Garnish with fresh cranberries and/or orange slice.

We wish everyone a very Happy Thanksgiving! We are thankful and grateful to you our loyal readers.

Nov 21

Highlights:

Blocked

On Monday, the Justice Department sued to block AT&T from taking over Time Warner on the grounds it will give one company too much control in the rapidly evolving media landscape. Few cases in recent history have challenged vertical combinations that link companies in different parts of an industry. In its filing, the Justice Department claims the merger would hurt consumers and competition as AT&T could wield its power to charge-TV rivals higher prices for HBO, Turner or other popular Time Warner programming. In a statement from AT&T Chief Executive Randall Stephenson vowed to fight the case, saying it defies logic.

Acorns

PayPal is moving into robo investing. The payment company will connect its website and smartphone apps with Acorns Grow Inc., a five-year old automated savings and investment service. Paypal users can use their accounts to make contributions to Acorns and will be able to manage their Acorns investment from the PayPal app. PayPal will roll out the Acorn offerings in stages with the first batch launching this week and all U.S. users by early 2018.  The new partnership comes a year after PayPal took a minority stake in Acorns. Acorns will charge $1 a month to manage most user’s investment portfolios of exchange-traded funds and will not share revenue with PayPal.

Markets:

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

Europe: European markets closed in the black on Monday despite political uncertainty in German.

U.S: U.S markets closed higher on Monday after investors placed bets on tax reform getting passed. DIJA: +72.09 23,530.33 Nasdaq: + 7.92 6790.71 S&P +3.29 2582.14

Word of The Day:

Bullish/Bearish

Refers to the direction of the markets. If the market is going higher, then it is referred to as bullish. If the market is declining, it is called bearish. An easy way to remember is this: a bull charges up the hill and a bear goes down the hill.

Dinner or Drink:

Autumn-tini

  • 2 parts  Aged Light Rum
  • 1 part  Hazelnut Liqueur
  • 3 parts Pear Nectar
  • Sugar
  • Cinnamon, Ground
  • Cayenne Pepper Mix

In a martini shaker, mix the ingredients with ice and shake. Shake into a martini glass that has been rimmed with a Sugar/Cinnamon/Cayenne Pepper Mix.

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Nov 17

Highlights:

Your Bomb

Wal-Mart Stores seem to be holding its ground against Amazon.com. On Thursday, the world’s largest retailer posted its strongest quarterly U.S sales growth in nearly a decade. Sales growth was boosted by a jump in e-commerce and increased store traffic at a time when traditional retailers are struggling to get customers in the door. Wal-Mart, which gets about half of its U.S revenue from groceries, reported, sales excluding fuel at stores open more than a year, rose 2.7% in the period ended Oct. 27- its 13th straight quarter of gains. The company’s fiscal third quarter results bucked a string of mostly downbeat reports from retailers this week, including big-box stores like Target Corp.

Join The Party

New suitors are circling 21st Century Fox, affirming the media empire built by Rupert Murdock, is now in play. Suitors are looking to get Fox assets like the Twentieth Century Fox studio, some U.S cable networks and the its international business. Comcast Corp. has approached the media company to express interest in buying a substantial pierce of the media giant. Both Verizon Communications and Sony are also kicking the tires on Fox assets. Takeover interest in 21st Century Fox gained steam after news broke last week Walt Disney recently held talks with the company but had failed to reach a deal.

Markets:

Asia: Asian markets closed higher on Friday after a strong handoff from Wall Street.

Europe: European markets closed higher as investors digested economic data and corporate earnings.

U.S: U.S. shares closed higher on Thursday after the House passed Tax reform and Wal-Mart reported better-than-expected earnings. DJIA: +187.08 23,458.36 NASDAQ: +87.08 6793.29 S&P: +21.02 2585.64

Word of The Day:

Earnings Price Per Share (EPS):

The portion of a company’s profit which is allocated to each outstanding share of common stock. EPS can serve as an indicator of a company’s profitability.

Dinner or Drink:

Pumpkin Spice White Russians

FOR THE RIM

  • 1 tsp. pumpkin pie spice
  • 3 tbsp. crushed graham crackers

FOR THE DRINK

  • 2 oz. vodka
  • 1 oz. Kahlua
  • 1 1/2 oz. pumpkin spice creamer
  • Cinnamon stick, for garnish
  1. Make the rim: On a shallow plate, combine pumpkin pie spice and crushed graham crackers. Dip the edge of each glass in water, then into the mixture, coating the edge of each glass.
  2. Make the drink: Pour vodka and Kahlua into glasses filled with ice. Top with creamer. Garnish with a cinnamon stick and a sprinkle of pumpkin pie spice.

Like our drink today, click here for more.

Have a safe and wonderful weekend, Ya’ll!

 

.

 

Nov 16

Highlights:

Time

Publishing company Meredith Corp is said to have lined up financial commitments from several banks as well as the Koch brothers in a takeover bid of Time Inc. If a deal can get done, it would unite two of the largest magazine publishers in the U.S at a time when magazines are trying to find their way in the digital media era. Meredith publishes titles such as Better Homes and Gardens and Family Circle. Time Inc publishes People, Sports Illustrated, and the flagship Time.  In 2013 Meredith came close to acquiring most of Time’s magazines but talks fell apart.

Recount

After an official vote tally, activist Nelson Peltz has narrowly won a seat on the board of Procter & Gamble. An embarrassing turn of events for the company who weeks earlier claimed to have defeated the activist investors. After the most expensive proxy fight in history, an independent firm’s count of the 2 billion votes cast, found Peltz had 42,780 more votes than the P&G director he ran against. On Wednesday Peltz called for P&G to concede the contest and let him in the boardroom. But the Cincinnati giant isn’t admitting defeat just yet, saying the tally is preliminary and subject to a challenge period.

Markets:

Asia: Asian markets closed slightly higher on Thursday as investors shrugged off a softer handoff from Wall Street and turned their attention to slight gains in oil

Europe: European markets closed lower on Wednesday as mixed earnings and lower oil prices weighed on sentiment.

U.S: U.S. shares closed lower as investors took profits DJIA: – 138.19 23,271.28 Nasdaq -31.66 6706.21 S&P -14.25 2564.62

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:

Pumpkin Pie Martini

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

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

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Nov 15

Highlights:

Skipped

Ratings agency Standard & Poor’s has downgraded Venezuela’s sovereign debt from junk to SD- short for selective default. According to Standard & Poor’s Venezuela has defaulted on its debt and failed to make $200 million in coupon payments, aka interest payments, to bondholders within the allowed 30-day grace period. Venezuelan President Nicolas Maduro’s negotiating committee sat down with investors on Monday to discuss the countries plinth however, most investors came away unsure of how the country will avoid more defaults.

Flying High….

Boeing Co. beat Airbus for orders from the Dubai Air Show.  On Wednesday, Boeing secured an order for 737 Max jets valued at $27 billion for discount carrier Fly Dubai.  The state-owned budget airline signed an agreement for 175 jets, plus an additional 50 planes on option. The deal is a blow o Airbus, which had expected to split the order with Boeing.

Markets:

Asia: Asian equities closed lower on Wednesday lead by energy-related plays in the region who fell on weakening oil prices.

Europe: European shares closed lower lead by the commodities related sectors.

U.S: U.S. markets closed lower on Tuesday as oil prices declined. DJIA: -30.23 23409.47 Nasdaq: -19.72 6737.87 S&P -5,97 2578.87

Word of the Day:

Window Dressing

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

Dinner or Drink:

Royal Turkey

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

Shake all ingredients (except 7-up) and strain into an ice-filled Pina colada glass. Add 7-up, garnish with fruit slices, add straws and serve. Like our drink today, click here for more.

15

Highlights:

Only $1,800 a month….

Cadillac announced it will expand its subscription car service to Los Angeles and Dallas. Cadillac launched its month-to-month subscription service, called Book, in New York City in early 2017. Subscribers pay a one-time $500 initiation fee plus a monthly flat fee of $1,800 to access a curated selection of vehicles like the CT-6 sedan or Cadillac’s V performance sedans. All vehicles are 2017 and 2018 Cadillac models with the brand’s higher-end Platinum and Premium Luxury trims. The monthly fee includes registration, taxes, insurance, and maintenance costs. Subscribers can exchange vehicles up to 18 times a year. There is one catch, you can only drive 2,000 a month. The service is aimed at luring car buyers who want the benefits of owning a car without the hassles of buying, maintaining, and selling them.

Wings Anyone???

Private-equity firm Roark Capital has made a takeover bid for Buffalo Wild Wings. Roark’s bid was more than $150 a share, much higher than Monday’s closing price of $117.25. The Minneapolis-based restaurant chain was founded in 1982 and went public in 2003. The company has been hurt by rising chicken prices and slumping traffic in the restaurants. In June, Buffalo Wild Wings shareholders voted in activist investor Marcato Capital and two of its nominees to the company board. At that time, Chief Executive Sally Smith announced she would retire by the end of the year. Roark Capital also has investments in Arby’s, Carvel, Auntie Anne’s Pretzels and Carl’s Jr.

Markets:

Europe: European shares closed in the red on Monday, as investors focused on earnings and monitored political woes in the U.K.

U.S: US markets inched higher on Monday following a flurry of corporate earnings and possible merger activity DJIA: + 17.49 23438.70 Nasdaq +6.66 6757.60. S&P 2.54 2584.84.

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:

Pecan Creamtini

  • 2 parts Pecan Pie Vodka
  • 1/2-part Amaretto Liqueur
  • 1-part Half and Half
  • Cinnamon, Ground

Shake all ingredients with ice and strain into a chilled cocktail glass. Garnish with a dusting of fresh ground cinnamon.

 

Nov 13

Highlights:

We Like You

Toy maker Hasbro has made a takeover offer for rival Mattel according to the rumor mill. The deal, if it happens, would potentially unite two of the largest U.S. toy makers and put Barbie and G.I. Joe under the same roof. Terms of the potential deal were not available and with any offer the deal may never materialize. After a rough year, Mattel’s market value stands around $5 billion or less than half of Hasbro’s more than $11 billion. Hasbro, based in Rhode Island makes brands such as Nerf, Transforms, and My Little Pony. Mattel, based in California, is the maker of Barbie dolls, American Girls dolls, Fisher-Price, and Hot Wheels toys. In recent years, Mattel has been struggling with losses and weak sales. The company has been forced to suspend its dividend, slash costs, and scale back on new product launches.

We Bring Good Things To Life

GE’s Chief Executive John Flannery will disclose his roadmap for the 125-year-old company on Monday during an investor event. As part of the road map the company will now focus on its three biggest business lines- aviation, power, and healthcare. The Boston-based company also plans on shedding its majority stake in Baker Hughes, which became a separate public company in July after merging with GE’s oil and gas operations. A head of the meeting GE announced it plans on slashing its quarterly dividend by 50 percent to 12 cents a share from 24 cents a share.

Markets:

Asia: Asian markets closed lower on Monday after Friday’s negative handoff from Wall Street.

Europe: European shares closed lower after investors started taking profits as corporate earnings slowed.

U.S:  U.S. stocks closed mostly lower on Friday as investors continue to fret over possible tax reform. DJIA: -39.73 23,422.21 S&P: -2.32 2582.30 NASDAQ: +0.89 6750.94

Word of The Day:

Money Manager

A business or bank responsible for managing an individual or institutional investor’s securities portfolio. Typically for a fee, the money manager, has the fiduciary duty to choose and manage investments which are prudent for his or her clients, including developing an investment strategy, and buying and selling securities.

Dinner or Drink:

The Buttery Pecan

3 oz. vanilla ice cream
1/2 oz. Godiva® chocolate liqueur
1/2 oz. Kahlua® coffee liqueur
1/2 oz. butterscotch liqueur
1/2 oz. Stolichnaya® vanilla vodka
pecan nuts
1/2 scoop of ice

 

Putting the ice cream in first, blend all ingredients until smooth. Garnish with chopped pecans if desired.

 

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Nov 11

Highlights:

Collapsing

AT&T’s blockbuster acquisition of media giant Time Warner appears to be in danger over antitrust concerns with the proposed $85.4 billion deal. As a condition of approving the merger, sources claim, the Department of Justice is asking the telecommunications and media giants to sell Turner Broadcasting, the Time Warner unit that include CNN and TNT. According to AT&T CEO, Randall Stephenson, the company does not plan to divest CNN as part of any antitrust settlement. The move now has many wondering when or if the merger will be completed. Doubts about the merger actually happening surfaced early Wednesday after an AT&T executive said the company is unsure when it will complete its acquisitions of Time Warner. AT&T purchase of Time Warner was announced in October of 2016 and would result in the combining of a wireless and internet service giant with the company behind some of the world’s most popular entertainment content like Game of Thrones and the Harry Potter franchise.

24/7

Big box retailer, Nordstrom, is taking its renowned customer service to a new level this holiday season. Nordstrom’s will offer shoppers the chance to have their purchases delivered curbside at 10 stores 24 hours/7 days a week. The service will kick off on December 16th and will run through the morning of Christmas Eve. The store’s new perk is the latest creative attempt by traditional department stores to head off sales they might lose to online retailers like Amazon.

Markets:

Asia: Asian markets closed mostly lower on Thursday as investors digested Chinese inflation data while keeping an eye on President Trump’s Beijing visit.

Europe: European shares closed lower on Wednesday amid doubts over U.S. tax reform getting passed.

U.S: US markets closed slight higher as the rally continues to steam ahead on positive economic data and corporate earnings. DJIA:  +6.13 23563.36 S&P +3.74 2594.38 Nasdaq: +21.33 6789.12

Word of The Day:

Callable Bond

A bond that can be redeemed by the issuer prior to its maturity. If interest rates have declined since the company first issued the bond it is cheaper for the company to call the bond and issue a new bond at the lower interest rate.

Dinner or Drink:

Pumpkin Pie Martini

  • 1/2 part Buttershots® Schnapps
  • 1/2 part Whipped® Vodka
  • 1/2 part9 Spiced Rum
  • 2 parts Half and Half
  • 1/2 part Pumpkin Puree
  • 1 dash Pumpkin Spice
  • Whipped Cream

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

Like our drink, click here for more.

Nov 10

Highlights:

Pink Slip….

ESPN is cutting jobs again. On Thursday, the sports media company laid off 100 on air personalities and writers. ESPN did not release a full list of those let go however, most took to Twitter to break the news to fans. Many of those effected by the layoffs were coming to the end of their contracts and did not want to accept large pay cuts. For others, ESPN offered to buy them out of their contracts. The move comes as ESPN shifts its focus toward digital and away from cable in response to more consumers cutting the cord.

Closing Time

Target announced it will close around a dozen stores. The chain says the closings are part of the natural process of refining the chains portfolio of stores, shutting a few every year to weed out losing stores while expanding with new ones. The 12 stores will stay open through the holiday season and close on February 3. The store closings come at a time when Target is facing tremendous pressure from online merchants like Amazon, forcing the company to watch costs and trying to come up with creative strategies to keep their stores viable.

Markets:

Asia: Asian markets closed out the week lower after a shaky hand off from Wall Street.

Europe: European stocks closed lower on Thursday after a series of underwhelming earning reports.

U.S: U.S. equities fell on Thursday over concerns about the prospects of the tax over haul actually getting passed.  DJIA -101.42 23461.94 Nasdaq: -39.06 6750.05 S&P -9.76 2584.62

Word of the Day:

Debt-To-GDP Ratio

A ratio of a countries national debt to its gross domestic product (GDP). By comparing what a country owes (aka their debt) to what it produces, the ratio indicates the country’s ability to pay back its debt.

Dinner or Drink:

Bourbon Cider Cocktail

  • 1-part Bourbon
  • 1 tsp to 1 tbsp. Sugar
  • 2 dashes Bitters
  • 3 parts Hard Cider, Dry
  • Garnish with Cherry, Maraschino

In a champagne glass, stir together the sugar and the bitters until the sugar dissolves. Add Bourbon. Top with cold cider. Garnish with a cherry and slice of orange.

Like our drink today, click here for more.

Have a safe and wonderful weekend, Ya’ll!

 

Nov 6

Highlights:

Bluelight Special….

In recent weeks Amazon.com has quietly been lowering prices by as much as 9% on goods offered by independent merchants on its website. The move ratchets up a price war with other retail giants and potentially strains its relationship with some sellers. Until now, Amazon has controlled prices only on merchandise it sells directly to consumers. Now, Amazon is discounting some items sold by third parties, covering the cost difference itself to ensure competitive pricing. Price drops on Amazon’s website are marked with a Discount Provided by Amazon tag.

New Kid

Chocolate giant Hershey’s will launch its first new candy bar in over two decades. The new bar, called Gold, will not contain any chocolate. The bar is described as a caramelized cream bar embedded with salty peanut and pretzel bits. According to the company, the new bar is in response to customer popularity of crunchy multi-textured candy. Hershey Gold will be go on sale December 1.

Markets:

Asia: Asian markets closed mixed on Monday as President Trump talked trade with Japan and investors paid attention to corporate earnings.

Europe: European markets closed higher on Friday as investors digested a fresh batch of corporate earnings.

U.S: U.S markets closed higher on Friday after a positive jobs report. DJIA+22.93 23,539.19 S&P: +7.99 2587.84 NASDAQ: +49.49 6,764.44

Word of The Day:

Marketable Security

Any equity or debt instrument which can be converted into cash, or exchanged with ease. Stocks, bonds, short-term commercial paper and certificates of deposits are all considered marketable securities because there is both public demand and can be converted into cash.

Dinner or Drink:

Maple Cider

  • 1 part Jim Beam® Maple
  • 3 parts Apple Cider
  • 1-part Lemon Sour
  • Lemon Wedges

Build over ice in a tall glass. Garnish with a lemon wedge and serve.

 

 

Nov 3

Highlights:

Now Hiring

The Department of Labor released their monthly jobs report on Friday. According to the report, the economy overall added 261,000 jobs, lower than analyst expectations.  The report also showed, both August and September unemployment reports raised significantly. The unemployment rate is at  4.1%.

The New Guy

On Thursday, President Trump announced his nominee for chairman of the Federal Reserve. Jay Powell. Powell, who currently sits on the Fed’s Board of Governors, will succeed Janet Yellen when her term expires in February. The choice is likely to be popular with investors given Powell is closely aligned with current Chairman Yellen and her views. Called the Republican Yellen, Powell is in his fifth years on the Federal Reserve Board of Governors and has been a reliable backer of her slow interest rate increases as well as Yellen’s gradual approach to decreased the central bank’s $4.4 trillion balance sheet. Powell’s resume includes stints on Wall Street and at the U.S Treasury Department under President George H.W. Bush. If confirmed by the Senate, Powell, will be the first non-economist to lead the Federal Reserve since 1987.

Markets:

Asia: Asian markets closed mostly higher on Friday as investor reacted to the Republican’s tax reform.

Europe: European shares closed mostly lower as the Bank of England raised the countries interest rates.

U.S:  U.S. markets closed mostly positive on Thursday after the Bank of England hiked rates and President Trump announced his choice for Fed Head. DJIA: +81.25 23,516.26 S&P: +0.49 2579.85 NASDAQ: -1.59 6714.94

Word of The Day:

Money Manager

A business or bank responsible for managing an individual or institutional investor’s securities portfolio. Typically for a fee, the money manager, has the fiduciary duty to choose and manage investments which are prudent for his or her clients, including developing an investment strategy, and buying and selling securities.

Dinner or Drink:

The Italian Job

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

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

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Have a safe and wonderful weekend, Y’all!

 

 

Nov 1

Highlights:

Come In From The Dark

Digital currency, Bitcoin is moving from the internet to the center of Wall Street. On Tuesday, the CME group announced it aims to launch a futures contract based on bitcoin by the end of the year. Futures provide traders a way to bet on whether the price of a commodity, such as oil, will rise or fall. Introducing Bitcoin futures will enable Wall Street banks and trading firms to protect themselves against price swing in the digital currency. Many officials and bankers worldwide have been reluctant to embrace Bitcoin. Its reputation has not been a favorable one as it has been associates with money laundering and other illicit activity. The plan is still subject to regulatory approval.

On Wednesday, Starbucks unveiled its 2017 holiday cup and this year it comes with a color-it-in-yourself message “Give Good”. The Seattle-based coffee chain describes the design of this year’s holiday cup as a pair of hands holding red cups, connected with swirling ribbons with lively holiday scenes, and splashes of red and green. The cup’s sleeve will feature the invitation “Give Good”. Starbuck’s introduced the first Holiday cup in 1997.

Markets:

Asia: Asian markets closed higher on Wednesday following extended gains in oil and the release of economic data from China that met expectations.

Europe: European markets closed higher on Tuesday as strong third quarter earnings fueled confidence in the equity markets.

U.S: U.S shares closed higher on Tuesday following stronger than expected earnings earning reports from companies like Kellogg’s and Oreo cookies. DJIA +28.50 23377.24 Nasdaq +28.71 6727.67 S&P +2.43 2575.26

Dinner or Drink:

Ambrosia Cocktail

3 navel oranges, peeled and sectioned

1 red grapefruit, peeled and sectioned

1/2 fresh pineapple, peeled, cored, and cut into cubes

1 1/2 tablespoons orange liqueur or orange juice

1/4 cup turbinado sugar

1 (750-milliliter) bottle sparkling rosé wine

1/2 cup frozen grated coconut, thawed and toasted

8 maraschino cherries

1. Toss together oranges, grapefruit, and pineapple; set aside.

2. Pour orange liqueur into a shallow saucer. Dip rims of 8 glasses in liqueur; dip rims in sugar, and let stand 30 minutes to dry completely.

3. Spoon fruit mixture evenly into glasses. Add rosé wine, filling three-fourths full; top with grated coconut and cherries. Serve immediately.

 

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