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Dec 28

Highlights:

One Dollar, Make You Hollar...

Dollar General Corp. (DG) announced it will build a new distribution center in Longview Texas. The state of the art facility is expected to create around 400 new jobs at the full capacity and will serve 1,000 retail locations in Texas and the southeast. In additional to the full-time jobs the facility is expected to create strong economic impact through hundreds of jobs need to construct the nearly 1 million square foot building. Constructions should begin in early 2018.

Pay-up

JPMorgan Chase & Co has agreed to pay $2.8 million to settle charges brought against it by Wall Street’s self-regulator, Financial Industry Regulatory Authority (FINRA). FINRA has charged the bank for failing to separate customers securities from the firm’s own assets due to a design flaws, coding, and data errors in the banks internal systems. By comingling clients shares with the firms, JPMorgan violated a rule designed to help investors recover their assets if a broker becomes insolvent. The conduct is question revolve around a legacy clearing system JPMorgan acquired form Bear Sterns, during the financial crisis. In settling the matter, JP Morgan neither admitted nor denied the charges, but did consent to the FINRA’s findings.

Markets:

Asia: Asian markets closed higher on Thursday as oil and copper prices continue their rally.

Europe: European markets closed mixed on Wednesday as investors reacted to reports demand for the new Apple X iPhone, were weaker than expected.

U.S. U.S markets closed modestly higher in light holiday trading volume. DJIA: +28.09 24774.30 S&P: +2.12 2682.62 Nasdaq +3.09 6939.34

Word of The Day:

Core Inflation

A measure of inflation that excludes certain items that could have temporary price which diverge from the overall trend in inflation and give a false measure of inflation.

Dinner or Drink:

Bourbon Ball

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

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

 

 

Dec 27

Highlights:

I Want A New Drug

U.K.-based drug giant Mallinckrodt PLC has agreed to buy Maryland based Sucampo  for around $840 million, as the company looks to diversify its portfolio after regulatory scrutiny hurt its opioid sales. Mallinckrodt will pay shareholder of Scampi $18.00 a share for each share owned, a 5.9% premium over Friday’s closing price. With the deal Mallinckrodt will add to its roster Amimia, a drug to treat constipated-related disorders that had estimated sales last year of $480 million. Scampi already share revenue and costs with Mallinckrodt for several drugs through collaboration agreements.

Dying To Trying It

According to Tesla, chief executive Elon Musk, the company will produce a pickup truck in the future. During a conservation on twitter Musk hinted the electric pickup truck is on its way and he has been thinking about the design elements for almost five years. The truck will happen after the Model Y, a crossover SUV, is released in May. The pickup will be comparable to size to Ford’s F-150 line of trucks and may even be slightly bigger. In true Elon Musk style, he would like the new electric truck to be a real game changer.

Markets:

Europe: European markets were closed for holiday on Tuesday.

U.S: U.S equities closed lower on Tuesday, led by declining shares of Apple and some of its parts suppliers after some investors product lack luster holiday sales for the company. DJIA: -7.85 24,746.21 Nasdaq: -23.71 6,936.25 S&P: -2.84 2,680.50

Word of The Day:

Monetary Policy

The actions of a central bank, currency board, or other regulatory committees which determine what the size and growth rate of a countries money supply, in turn affecting that countries interest rates. Monetary policy is maintained by increasing or decreasing interest rates or changing the amount of money banks need to keep in their vaults (aka bank reserves).

In Dinner or Drink:

Angels Delight Christmas Punch

1/4 cup whipping cream
7 scoops ice cream
1/2 cup chopped pecan nuts
1/4 cup chocolate syrup
1 banana

Put these in a blender. Put whipped cream and nuts on top of glasses.

Like our drink, click here for more.

 

Dec 21

Highlights:

Altered

Subaru is investigating whether workers at its Japanese factories improperly altered some fuel-economy data, adding to a scandal that has damaged its Japanese business but not its core U.S. Markets. The alleged tampering of fuel economy data was first raised by Japanese public broadcaster NHK. On Wednesday, Subaru released a 53-page report about inspection problems in its factories however, the fuel economy data was not mentioned. According to the company it is holding off on releasing any information until it has done a thorough investigation of the matter. The new allegations come only months after Subaru announced a recall of roughly 395,000 vehicles after it discovered some unauthorized employees were conducting final vehicle inspections. The company did not find any cases where vehicle safety was compromised.

Your Our Man

After a long search, Uber has named Barney Harford, as chief operating officer. Harford, a former CEO of Orbitz, will join the company January 2. He already has ties to Uber, serving as an advisor for the ride sharing service since October. It’s been a rough year for Uber. The company has faced sexual harassment claims, Co-founder Travis Kalanick stepped down as CEO, and the European court system labeled the company a taxi service setting it up to pay more regulatory fees.

Markets:

Asia: Asian shares closed flat on Thursday after a lack luster hand off from the U.S.

Europe: European markets closed as investor took profits after the U.S. passed tax reform.

U.S: U.S. equities closed lower on Wednesday as investors paused to consider how much of the tax bill has already been priced into the markets and what impact the changes will have on the economy. DJIA: -28.10 24,726.65 NASDAQ: -2.89 6960.96 S&P: -2.22 2679.25.

Word of The Day:

Witching Hour:

The last hour of stock trading between 2 pm and 3pm. This hour of trading is typically controlled by large professional traders, program traders, and large institutional traders and can be characterized by higher than normal volatility

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

 

 

 

Dec 20

Highlights:

I Want Some

UPS is taking Tesla’s new electric semi-tractor-trailer out for a test drive. The delivery giant will order 125 of Tesla’s new trucks, which were rollout in November. UPS delivery fleet already includes trucks propelled by natural gas, propane, electricity, and other alternative fuels. According to Tesla the new semi-trucks can travel 500 miles on an electric charge even with an 80,000-pound load. The company is planning to build a worldwide network of solar-powered mega charges that will allow trucks to travel up to 400 miles after only a 30-minute charge. Production of the new trucks is scheduled to begin in 2019.

Taxi…

Uber is a tax company, at least that’s what the European Court of Justice claims. On Wednesday, the court ruled the U.S ride-hailing app is a transportation firm not a digital company. The long-awaited judgment is expected to have major implications on how Uber is regulated throughout Europe. Uber has long-considered itself an “information society service” which connects passengers and drivers. However, several European governments have argued the U.S. company should be considered a taxi firm and in turn should comply with European transport laws. Uber will now face national regulation in up to 28 EU member states, forcing it to deal with local governments that set transportation rules and licensing requirements.

Markets:

Asia: Asian equities closed mixed on Wednesday after a negative handoff from Wall Street.

Europe: European markets closed lower on Tuesday, as a rally inspired by investor optimism surrounding tax reform in the U.S lost its strength.

U.S: U.S. markets declined on Tuesday as technology shares caused indexes to edge lower even as Republicans advanced their sweeping rewrite of the U.S. tax code. DJIA: -37.45 24754.75 S&P: -8.69 2681.47 NASDAQ: -30.91 6963.85

Word of the Day:

Bond Yield

The amount of interest paid to a bond owner by the issuer. The yield is based on several factors including the cost of the bond and the credit worthiness of the issuer.

Dinner or Drink:

Angels Delight Christmas Punch

1/4 cup whipping cream
7 scoops ice cream
1/2 cup chopped pecan nuts
1/4 cup chocolate syrup
1 banana

Put all ingredients in a blender. Put whipped cream and nuts on top of glasses.

Like our drink, click here for more.

 

 

Dec 18

Highlights:

Open for Business

On Sunday evening, the Chicago Mercantile Exchange started trading bitcoin futures, becoming the second major U.S. exchange to do so. It’s competitor, the Chicago Board Options Exchange, stated trading bitcoin futures last week. By 1am Central Time, the cryptocurrency futures contracts expiring in January was at $19,440.00. Bitcoin itself was priced at $18,928 according to Coindesk, a cryptocurrency information provider. Bitcoin, the most widely know of the cryptocurrencies, has been on a tear soaring more than 1,800 percent in the last 11 months. Bitcoin’s price spike has prompted many informed observers like Warren Buffet and Jamie Damon to call the bitcoin market a bubble.

Gettin Skinny

Candy giant Hershey announced it has reached a deal to acquire Amplify Snack Brands, maker of Skinny Pop popcorn, Tyrrells chips and other snack brands. The move gives Hershey a stronger hold in the “better-for-you-products” that deliver clean, simple, and transparent ingredients.  Shareholders of Amplify will receive $12 a share and the companies expected the deal to close in the first quarter.

Markets:

Asia: Asian markets closed higher on Monday as investors seemed optimistic that tax reform will be passed.

Europe: European shares closed down on Friday after some investors are starting to doubt tax reform will pass.

U.S. : U.S. equities closed out the week on a positive note as investors waited for the release of the tax bill. DJIA: +143.08 24651.74 Nasdaq: +80.06 6936.58 S&P: +2.80 2671

Word of The Day:

EBITDA

An indicator of a company’s cash flow using the below EBITDA calculation:

Essentially, it measures a company’s financial performance by adding interest, taxes, depreciation, and amortization to the company’s income putting it into one number. Because it gives a quick overall picture it is frequently used to analyze and compare profitability between companies and industries because it eliminates the effects of financing and accounting decisions.

In Dinner or Drink:

Champagne Celebration

1/2 oz. Cointreau® orange liqueur

1/2 oz. Presidente® brandy

1 sugar cube

Peychaud® bitters

4 oz. Champagne

Add Cointreau, Brandy and a sugar cube saturated with Peychaud Bitters to a champagne flute. Fill with your favorite champagne. Garnish with an orange twist.

Dec 14

Highlights:

Mickey Mouse deal

On Thursday, Walt Disney announced it will buy selected assets of 21st Century Fox for $52.5 billion in stock. The acquisition will include Twentieth Century Fox film, television studio, and its international and cable TV businesses. Fox Broadcasting Network and its stations, Fox News Channel, Fox Business Network, Fox Sports 1 and 2 and the Big Ten Network will be packaged and listed in a separate company. The deal could help Disney in its attempts to become a player in the video-streaming space.

Roll Out

T-Mobile is getting into the pay-TV service. The nation’s No.3 wireless carrier announced Wednesday it bought cable-TV startup Layer3 TV to help roll out its new service. T-Mobile plans to launch its new subscription service with advertising next year using Layer3’s technology platform and relationship with content providers. While the industry has shifted to skinner cable bundles, Denver-based Layer3 has focused more on traditional pay-tv packages, offering more than 275 high-definition channels and 25,000 on demand titles in five U.S. cities. T-Mobile shares rose 0.5 percent to close at $63.83 on Wednesday.

Markets:

Asia: Asian markets closed lower on Thursday after the Federal Reserve announced it would hike interest rates.

Europe: European markets closed lower as investors waited for the results of the Federal Reserve’s two-day meeting.

U.S: U.S. markets closed higher on Wednesday after the Federal Reserve announce it would raise short-term interest rates for the third time this year. DJIA: +80.63 24585.43 Nasdaq: +13.8 6875.80 S&P: -1.26 2662.85

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.

 

 

Dec 12

Highlights:

Shazam

Apple Inc. has agreed to acquire music-identification service Shazam. The Shazam app uses the microphone on a smartphone or computer to identify any song playing nearby and then sends user to places where they can listen to it in the future, such as Apple Music or Google’s Youtube. While Shazam has been popular with customers, it has struggled turning the music service into a business that justifies its valuation. The company briefly expanded it simple audio recognition in 2010 by adding capabilities that let television viewers “Shazam” an ad, which opens a promotion from the advertiser on a user’s device. Terms of the deal were not disclosed but a person familiar with the situation said the price tag was around $400 million.

It’s A Deal

Verizon Communications has struck a deal with the NFL to show NFL football games on the company’s mobile network as well as its Yahoo, Yahoo Sports, and go90 mobile platforms. The NFL deal with Verizon will allow the company to stream national games on Monday, Thursday, and Sunday nights- in addition to the playoffs and Sunday afternoon games from the user’s home market, regardless of their mobile carrier. Terms of the deal were not disclosed however, according to people familiar with the deal, the agreement runs for five years, and will cost Verizon around $450 million in annual rights and sponsorship fees. The partnership starts in January with the postseason, including the Super Bowl, and will expand to Verizon-owned platforms like Yahoo and Yahoo Sports. The deal highlights Verizon’s move away from exclusivity for its wireless customers to building up an audience for Verizon owned platforms.

Markets:

Asia: Asian markets closed lower on Tuesday as investors wait cautiously for Wednesday’s Fed rate decisions.

Europe: European shares closed on a mixed note Monday as investors looked ahead this week’s two key monetary policy meetings.

U.S: U.S markets closed higher lead by energy and technology stocks. DJIA +56.87 24386.03 Nasdaq + 35.00 6875.08 S&P +8.49 2659.99

Word of The Day:

Passive Investing:

An investment strategy that aims to maximize returns over the long run by keeping the amount of buying and selling to a minimum.

Dinner or Drink:

Holly Jolly

  • 1 1/2 parts Melon Liqueur
  • 1-part fresh Lemon Juice
  • 1/2-part Creme de Cocoa White Liqueur

Shake all ingredients. Pour into coupe glass or martini glass.

 

 

Dec 8

Highlights:

Now Hiring….

On Friday, the Department of Labor released its monthly jobs report. According to the report the economy added 228,000 jobs in November in line with analyst expectations.  The unemployment rate is now 4.1%.

Breakthrough

The U.K. and European Union struck a deal on Friday to unlock divorce negotiations, opening the way for talks about what the post-Brexit future will look like, The deal, made before dawn on Friday, clears the path to the start of trade talks between the U.K and its largest commercial partner. The agreement includes a 45 billion-euro ($53 billion) divorce bill and vague promises on the sensitive issue of the Irish border. The second round of talks will be harder than the first, and the clock is ticking closer to the March 2019 exit deadline.

Markets:

Asia: Asian markets closed out the week higher after China reported better than expected trade data.

Europe:  European market closed flat on Thursday as investors held their breath waiting on a Brexit breakthrough.

U.S: U.S. shares rose on Thursday led by shares of Boeing and other industrial companies. DJA: +70.57 24,211.48 Nasdaq: +36.47 6812.84 S&P: +7.71 2636.98

Word of The Day:

Slippage

The difference between the expected price of a trade, and the actual executed price of the trade. Slippage often occurs during periods of higher volatility, when market orders are used, and when large orders are executed when there may not be enough buyers at the desired price level to maintain the expected price of trade.

Dinner or Drink:

Spiced Holly Highball

  • 1 1/2 parts Aged Dark Rum
  • 5 Cranberries
  • 3/4 tsp Pumpkin Spice
  • 1 tsp Agave Syrup
  • Handful Mint, Fresh
  • Splash Club Sod

Muddle the cranberries, mint, pumpkin spice and agave. Add rum and shake well. Strain over ice into a highball glass. Top with club soda. Garnish: mint sprig and three cranberries.

 

 

Dec 5

Highlights:

Child’s Play

Facebook rolled out a new messaging app for its youngest audience yet- children between the ages of 6 and 12. Messenger Kids, released on Monday, is a stand-alone chat and messaging app that allows kids to send texts, messages, and videos to a list of contracts their parents have approved. Parents can download the app on any tablet computer or smartphone, activate it, and control it from their own Facebook account. There will be no advertising on the app and Facebook will not allow youngsters to create a separate Facebook account. The new app looks and feels a lot like Snapchat, in that it offers silly masks and other Snap-like features like the popular rainbow-vomit filter.

One Dollar, Make You Hollar

It’s official McDonald’s Dollar Menu is coming back. On Monday, McDonald’s announced, starting January 4th, it will offer its new version of its low-cost menu. The “$1 $2 $3 Dollar Menu” will include a dozen items including a sausage burrito for a buck, a bacon McDouble for $2, and a Happy Meal for $3. Offering cheap eats has been a winning strategy for the world’s largest hamburger chain, and a way to help fight off competition from other low-priced chains. McDonald’s originally dumped the Dollar Menu, four years ago, after franchise complained it was costing them profits.

Markets:

Asia:  Asian stocks closed mostly lower as Australia’s Central Bank met expectations by keeping rates unchanged.

Europe: European markets closed higher on Monday as investors reacted to the Senate’s passing tax reform giving the markets extra legs to keep running.

U.S: U.S. shares closed mostly lower on Monday as declines in technology companies weighted on the S&P and Nasdaq.  DJIA: +58.46 24290.05 S&P:-2.78 2639.44 Nasdaq: -72.22 6775.37

Word of The Day:

Exchange Traded Funds (ETF)

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

Dinner or Drink:

Minty Martini

  • 1 part Crème de Menthe Green
  • 1-part Crème de Cocoa White Liqueur
  • 1-part Kamora® Coffee Liqueur
  • 1 splash Half and Half

Shake and strain into a martini glass.

 

 

 

 

 

.

 

Dec 4

Highlights:

Game Changer

CVS Health Corp has agreed to buy insurance giant Aetna for around $69 billion in cash and stock, in a move to transform the pharmacy company and capture more of the money consumers spend on health care. The proposed deal is the latest and most dramatic sign of how lines between traditional segments of the health care industry are blurring as companies enter new areas in search of growth. Hospital chains to insurers are looking for ways to squeeze costs and bolster their leverage against their competitors. Aetna stockholders will receive a total of $207 per share, $145 in cash and 0.8378 in CVS stock. The price represents a premium of around 29% above the closing price of Aetna before talks between the two companies was reported.

Fasten Your Seatbelts

Ford is recalling more than 202,000 pickup trucks and SUV’s in North America because front seat cushions can come loose and fail to properly hold people in a crash. The recall covers 2016 F-150 and Explorer vehicles equipped with front power seats. According to Ford, the power seat adjuster can come loose or fall out and the seat cushion can more too far. Ford is not aware of any crashes or injuries from the issue.  Owners will be notified starting January 8th.

Markets:

Asia: Asian stocks closed mixed on Monday after the Senate passed tax reform over the weekend.

Europe: European markets closed lower on Friday after weaker sentiment out of U.S. damped investors mood.

U.S:  U.S. markets closed in the red on Friday after news of Michael Flynn guilty plea weighted on market sentiment. DJIA: -40.76 24,231.59 NASDAQ: -26.39 6847.59  S&P: -5.36 2,642.22

Word of The Day:

Income Statement

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

Dinner or Drink:

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 gold schlager then sprinkle the cinnamon powder over the top. Serve with a slice of apple floating on the top, and a straw.

Like our drink, click here for more.

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