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Sep 15

Highlights:

Now Hiring…

Amazon announced the company plans to hire 100,000 additional employees in the U.S. and Canada. The move continues as the company continues its rapid expansion which, began as the coronavirus pandemic forced many people to stay home and shop online for work and other necessities. Robust online spending during the crisis has fueled Amazon’s growth and created a need for more workers. New jobs will be added at dozens of Amazon locations paying at least $15 an hour and including benefits and signing bonuses of as much as $1,000 in some cities. Hiring for the jobs has already begun. Amazon, also said it would open 100 operational buildings this month alone, including fulfillment centers, delivery stations, sorting centers and other sites. That will add to more than 75 others already opened this year in Canada and the U.S. Amazon has experience tremendous growth this year as coronavirus restrictions pushed millions more people toward online shopping.

Paramount…
ViacomCBS announced Tuesday it’s streaming service, CBS All Access, will be rebranded as Paramount+ in early 2021. The rebranded service will take on rivals including WarnerMedia’s HBO Max, Disney’s Hulu and Disney+, and NBCUniversal’s Peacock as traditional media companies dip into streaming. The company also announced new shows coming to the streaming service. New shows on Paramount+ include “The Offer,” a scripted, 10-episode series about producer Al Ruddy’s experience with making “The Godfather.” Other new shows include “The Real Criminal Minds,” a true crime docuseries based on the existing CBS show, and a revival of BET’s “The Game.” Also, previously announced shows like SpongeBob SquarePants spinoff “Kamp Koral” and a new SpongeBob movie will be released early 2021, for which the service will be the exclusive streaming destination. Currently, CBS All Access costs $5.99 per month with advertisements and $9.99 per month. ViacomCBS did not mention in its statement if pricing would stay the same or if there will be an increase once the rebrand has been completed.

Markets:

Asia: Asisan shares closed higher on Tuesday as investors watched China’s August economic data.

Europe: European stocks closed higher on Monday investors focused on Brexit-related developments and central bank actions later this week.

U.S: U.S. markets closed A rebound in technology shares lifted U.S. stocks Monday, helping major indexes recover after last week’s pullback. DJIA: +327.69 27,993.33 Nasdaq: +203.11 11,056.65 S&P: +42.57 3,383.54

Word Of The Day:

Dollar Cost Averaging (DCA)

An investment technique used by investors to buy a fixed dollar amount of a particular investment on a regular schedule ignoring the price per share.

Dinner or Drink:

Farmer’s Cocktail

1/2 oz. dry vermouth
1/2 oz. sweet vermouth
1 oz. gin
2 dashes bitters

Stir all ingredients with ice, strain into a cocktail glass, and serve.

Sep 14

Highlights:

Switch up…

ByteDance, the Chinese owner of social video app TikTok, has chosen Oracle to be TikTok’s U.S. technology partner. Oracle will take a significant stake in the business. Microsoft had made a bid and was thought to be the front runner. Microsoft confirmed Sunday that ByteDance had chosen not to sell it TikTok’s U.S. assets. TikTok was forced to sell it’s U.S. operations after the White House had imposed a September 20 deadline for ByteDance to announce a plan for a sale of TikTok in the U.S. or be banned by September 29. Oracle was a late addition to the TikTok drama, making a semi-official statement during its quarterly earnings call last week. Microsoft’s failure to buy TikTok amounts to a symbolic loss for Satya Nadella, who took over Microsoft from Steve Ballmer in 2014.

Drug Deal…

On Sunday, Gilead Sciences Inc. announced it has agreed to pay $21 billion to buy biotech Immunomedics Inc. and its prized breast-cancer drug in a sign of the value of the cancer-drugs business. Immunomedics has a market value of about $10 billion following a recent surge in its stock. Gilead agreed to pay $88 a share in cash for each share of Immunomedics owned. A 108% premium over Immunomedics closing price of $42.25 on Friday. According to Gilead, the deal will accelerate its efforts to diversify into the cancer side of the business.

Markets:

Asia: Asian stocks closed higher on Monday after Japan is another step closer to filling Prime Minister Abe’s shoes.

Europe: European shares ended higher on Friday, as investors weighed signs of a pick-up in M&A activity against the economic threat from growing prospects of a no-deal Brexit.

U.S: U.S. markets closed higher after investors took profits the day before. DJIA: +131.06 27,665.64 Nasdaq: -66.05 10,853.55 S&P: + 1.78 3,340.97

Word Of The Day:

Emerging Markets

A country, like China or India that have some characteristics of a developed market, think United States, but does not meet all the standards to be a developed market.

Dinner or Drink:

Grand Coffee

1 oz. Grand Marnier, warmed

3 oz. Hot brewed coffee

.75 oz. Brown sugar syrup, if desired

Garnish:  1 Whipped cream     Glass: Mug or heat-proof highball

Pour all the ingredients into a mug or heat-proof highball glass and stir.

Spoon about 2 tbsp. of whipped cream on top.



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