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Oct 16

Highlights:

Taco Tuesday….

Need a reason to stay awake and pay attention to the World Series? Think Free Food. Taco Bell announced it is bring back its Steal a Base, Steal a Taco promotion. The fast-food chain will give away free Doritos Locos tacos if/when a base is stolen during the World Series. Tentatively the giveaway is scheduled for November 1st from 2 to 6 pm at all participating U.S. locations, while supply last. This year, the chain will also allow website and app user to redeem a free taco.

Give Me The Coins…

Fidelity Investments has launched a new company for its institutional clients that will trade and store digital assets such as bitcoin. Fidelity Digital Assets Services LLC will electronically buy and sell crypto currencies on behalf of hedge funds, family offices, and financial institution. Fidelity will source from large over-the-counter crypto trading firms and hold them in cold storage..aka storing the coins offline. The company will initially offer services for the bitcoin and ether, but plans to add to its roster.
Fidelity’s new company could play an important role in helping the new asset mature, as it draws more interest from traditional financial institutions.

Markets:
Asia: Asian indexes closed mixed on Tuesday after a negative hand off from Wall Street and geopolitical tensions between Saudi Arabia and the international community.
Europe: European stocks closed lower as as a flurry of threats such as trade wars, rising U.S. yields, a slowdown in China, Brexit and the Italy/EU budget row continued to weigh on markets.
U.S: U.S. stocks declined on Monday lead by the technology sector. DJIA: -89.44 25250.55 S&P: -16.34 2750.79 Nasdaq: -66.15 7430.74

Word of The Day:

Standard & Poor’s 500 Index aka S&P 500:

An index of 500 stocks chosen by a committee for factors such as market size, liquidity and industry groupings. The S&P 500 index is market weighted meaning each stock’s weighting in the index is proportionate to its market value. The index is designed to be a leading indicator of all things in the large cap universe.

Dinner or Drink:

Spooky Juice

1 oz. Absolut® vodka
2 dashes Blue Curacao liqueur
1 dash grenadine syrup
fill with orange juice

Stir together with ice.

Oct 15

Highlights:

Noooo….

Sears Holdings officially filed for bankruptcy protection early Monday after years of staying afloat through financial maneuvering. The company also announced that Edward Lampert will be stepping down as CEO immediately but will stay on as chairman. The 125 year old retailer, once the nation’s largest, said it has appointed Mohsin Meghji, managing partner of M-III Partners, as its chief restructuring officer. As part of the bankruptcy, Sears will close 142 stores toward the end of the year.

Only 30 Million…

Facebook announced Friday 30 million user were effected by a security breach, down from the 50 million the company had originally announced. According to the social media giant, hackers accessed the complete profile and login information of 14 million and partial profile information of the remaining 16 million users. The FBI is actively investigating the breach and have asked the company not to discuss who may have been behind the attacks. Facebook will be messaging the 30 million affected users in the coming days and will post information to its help center.

Markets:
Asia: Asian stocks closed lower on Monday as investors remain cautious over last weeks global market tumble.
Europe: European shares closed flat as global markets recover from the weeks roller coaster ride.
U.S: U.S. markets closed higher on Friday as investor went bargain shopping. DJIA: + 287.16 25339.99 NASDAQ: +167.83 7498. 89 S&P: +38.76 2767.13

Word of The Day:

Short Selling:

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

Dinner or Drink:

Spooky Juice

1 oz. Absolut® vodka
2 dashes Blue Curacao liqueur
1 dash grenadine syrup
fill with orange juice

Stir together with ice



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