Netflix (NFLX) is riding on its original content strategy in a bid to expand further in the international market.
Apple launched its iPhone 8 yesterday; this is all that happened before that.
Facebook (FB) is enhancing its original content efforts with the planned addition of a reality show based on National Football League player, Marshawn Lynch.
AT&T's (T) efforts to attract a broader set of customers by bundling its wireless and video services look impressive.
Reports are circulating that NFL’s Marshawn Lynch is inking a multi-million-dollar deal with Facebook to do a reality show. The social media giant is paying Time Warner’s Bleacher Report millions for a show based on Lynch called "No Script", which is set to start streaming this month.
Shares of AT&T (T) edged nearly 1% higher in morning trading Tuesday after company management confirmed that it expects its merger deal with Time Warner (TWX) to close by the end of the year.
AT&T also said it would now offer Time Warner's premium cable channel HBO, home to hit shows such as "Game of Thrones" and "Veep", to all customers on unlimited plans at no additional cost. The No. 2 U.S. wireless carrier in April offered free HBO to some customers on unlimited mobile data plans.
Options Market is predicting a spike in Time Warner (TWX) stock on the back of its high level of implied volatility.
Hunt for Driver Widens as Second Attack Hits Spain, Five Suspects Are Killed (WSJ) FT loses it over bitcoin's relentless rise (FT) China Codifies a Crackdown on ‘Irrational’ Outbound Investment (BBG) U.S. Navy, citing poor seamanship, removes commanders of warship in deadly crash (Reuters) ACLU Will No Longer Defend Hate Groups Protesting With Firearms (WSJ) Erdogan tells Turks in Germany to vote against Merkel and allies (Reuters) Merkel Jeered by Immigration Foes in Biggest Campaign Unrest Yet (BBG) Trump's attacks could leave him friendless if impeachment comes (Reuters) Gore: Trump should resign (The Hill) Fracking Jobs Prove Elusive for Coal Miners Looking to Switch (BBG) Uber’s Kalanick Fires Back at Investor in Legal Battle (WSJ) Women say they quit Google because of racial discrimination: 'I was invisible' (Guardian) Energy Capital, Investors to Buy Calpine for $5.6 Billion (BBG) China bank loans to slow as lenders rapidly exhaust annual quotas (SCMP) Bannon Interview Raises New Questions About His Standing (WSJ) Some Gas With That Sandwich? Convenience Dominates Fuel Market (BBG) Take a Look Inside One of the World’s Biggest Bitcoin Mines (BBG) Rising migrant flow to Spain could become 'big emergency': U.N. (Reuters) In aftermath of Barcelona attack, unease over Ramblas security (Reuters) South Africa to grant Grace Mugabe diplomatic immunity (Reuters) Overnight Media Digest WSJ - A van mowed down pedestrians in the heart of Spain's second-largest city, killing at least 13 people in a terror attack claimed by Islamic State. Hours later, police said they killed five alleged terrorists as they responded to a possible attack in Cambrils, a town southwest of Barcelona. on.wsj.com/2w7BLIt - The government review of AT&T Inc's $85 billion takeover of Time Warner Inc has reached an advanced stage, a significant milestone in a deal that was closely watched for signs of how the Trump administration would view large mergers. on.wsj.com/2w7i6Z3 - U.S. President Donald Trump defended the "beautiful" statues commemorating Confederate leaders and lamented efforts to remove them, weighing in on an issue central to the weekend's deadly violence in Virginia. on.wsj.com/2w7aVQt - Arista Networks Inc is grabbing Cisco Systems Inc's giant networking business, winning over its customers and rankling its top brass. The battle has divided CEO Jayshree Ullal and Cisco's John Chambers, who were once close colleagues. on.wsj.com/2w7imat - The White House pulled the plug on a planned council that was to advise U.S. President Donald Trump on rebuilding the nation's infrastructure, an apparent victim of the Charlottesville furor. on.wsj.com/2w75BNd - Mylan NV agreed to pay $465 million to settle federal government claims that it overcharged the Medicaid program by millions of dollars for its EpiPen products. on.wsj.com/2w73CIA FT - Cuadrilla has started drilling on the first UK shale well to bring U.S.-style shale gas production to UK. The drilling is expected to reach 3.5 km beneath its site near Blackpool, Lancashire. - Data from UK's Office for National Statistics released on Thursday show that retail sales, including fuel, rose 0.3 percent month-on-month basis. The growth in UK retail sales shows a higher spending on food which outweighs the falls in all other categories of expenditure. - Thirteen people were killed and dozens wounded after a white van crashed into pedestrians in Barcelona's bustling tourist district of Las Ramblas. Police said it as the worst attack in Spain since the Madrid train bombings in 2004. - The Federal Deposit Insurance Corporation is suing European banks in a London court over the Libor-rigging scandal after parts of a similar New York lawsuit failed. NYT - Several of HBO's Twitter accounts were hacked late Wednesday night, raising further security concerns at a moment when the premium cable channel has been dealing with the sustained leaking of proprietary information. nyti.ms/2ibeyz7 - Spain was hit by its worst terrorist attack in more than a decade on Thursday, when a van driver plowed into dozens of people enjoying a sunny afternoon on one of Barcelona's most famous thoroughfares, killing at least 13 people and leaving 80 bloodied on the pavement. nyti.ms/2iaMSu8 - James Murdoch, the chief executive of Twenty-First Century Fox Inc and the son of a frequent ally of President Trump's, condemned the president's performance after the violence in Charlottesville, and pledged to donate $1 million to the Anti-Defamation League. nyti.ms/2iaHwPH Canada THE GLOBE AND MAIL Canada is opening a migrant shelter in Ontario and pulling in police and civilian reinforcements from across the country to handle an accelerating influx of asylum seekers from the United States that shows no signs of abating. tgam.ca/2vOEAvt The federal government has approved up to C$60 million ($47.4 million) in spending to bring electricity transmission to the remote First Nations community of Pikangikum, where lack of reliable power is contributing to a social and mental-health crisis in the community. tgam.ca/2vOyc7f First Nations leaders have expressed their concerns about the treatment of Indigenous people in Canada to a United Nations committee that examines racial discrimination and one chief says Prime Minister Trudeau needs a "wake-up call." tgam.ca/2vOFjfX NATIONAL POST A group of aggrieved creditors wants to sue the executive officers and directors of Sears Canada Inc for negligence and intends to ask an Ontario judge to schedule a hearing for their motion on whether they can proceed with their claim. bit.ly/2vOQ8P2 Britain The Times - Mobile telecom gear maker Ericsson is understood to be seeking sweeping job cuts outside its native Sweden that may affect its workforce of 3,500 in the United Kingdom. bit.ly/2vNnY7j - Home improvement retailer Kingfisher Plc has blamed the weather for falling sales in the United Kingdom as it continues to be dogged by a slowdown in France. The retail group said that underlying sales at Castorama had fallen by 2.8 percent to 668 million euros ($783.30 million) while sales at Brico Depot were down 5.1 percent at 520 million euros ($609.75 million). bit.ly/2vNGmNo The Guardian - Learndirect, the United Kingdom's largest adult training provider, has blamed the government's austerity programme for its failure to meet the education regulator's minimum quality standards. bit.ly/2vN6vvt - Britain's biggest companies have been told that a lack of diversity in their boardrooms could hinder government plans to increase trade with non-EU countries after Brexit. The warning comes as a report by the executive search company Green Park shows the number of FTSE 100 businesses with no ethnic minority representation at senior level has fallen to 58 from 62. bit.ly/2vMW1fQ The Telegraph - Asda, the British supermarket arm of Wal-Mart Stores Inc , has toasted its first increase in quarterly sales for three years on the back of a successful Easter, the return of inflation and early signs that its turnaround efforts are beginning to work. bit.ly/2vNg4KY - Britain's factories benefited from a surge in sales to the European Union in the first half of this year as export growth outstripped import growth. UK still imports far more than it exports leaving the country with a goods deficit amounting to 53 billion euros ($62.15 billion) for the six months to June in its trade with the EU, but that is down from 57.8 billion euros ($67.78 billion) in the same period of 2016. bit.ly/2vNoFgE Sky News - Singaporean fund GIC and KKR & Co LP team up for 6 billion pound ($7.72 billion) Unilever Plc's spreads bid. The emergence of another consortium in the auction will raise hopes among Unilever's investors that the Anglo-Dutch consumer goods giant can attract a bumper price for the division. bit.ly/2vNhjK8
Content originally published at iBankCoin.com Is the New York Times about to get the CNN treatment from James O’Keefe of Project Veritas? It all started with an innocent Monday afternoon poke at the ‘failing’ New York Times, owned by Mexican billionaire Carlos Slim (and which undoubtedly influenced the 2016 U.S. election with it’s overt anti-Trump bias). How much longer will the failing nytimes, with its big losses and massive unfunded liability (and non-existent sources), remain in business? — Donald J. Trump (@realDonaldTrump) August 7, 2017 Hours later, O’Keefe replied with a huge teaser… Stay tuned... https://t.co/uBTqwMeSDC — James O'Keefe (@JamesOKeefeIII) August 8, 2017 OH BOY! The last time O’Keefe set his sights on the MSM, CNN suffered a a multi-combo takedown from which they’ll never recover, after Project Veritas journalists infiltrated the Fake News Network with hidden cameras. Not only was host Van Jones caught on film calling the Russia narrative a “big nothing burger,” Project Veritas also scored footage of a CNN producer who said the ‘Russia’ story is fake news pushed for ratings, and a hate-filled associate producer’s vitriol for conservatives – stating “American voters are stupid as shit,” and admitting to a company-wide hatred for President Trump. Voters “Stupid as sh*t” says New Day associate producer #AmericanPravda #CNNhttps://t.co/NViTBRJmp0 pic.twitter.com/hJzjtcCSNF — James O'Keefe (@JamesOKeefeIII) June 30, 2017 Finally, after hand-grenading billions in value, AT&T announced three days ago that they are considering jettisoning the Fake News Network (along with TMZ) as part of their purchase of CNN parent company Time Warner, announced in late 2016. Vindication Dr. Sebastian Gorka, Deuty assistant to President Trump, hailed the O’Keeffe sting as ‘complete vindication for the president,’ in a June interview with Breitbart. “I think this is the day when the Left rues ever coming up with the phrase ‘Fake News’ because now we have the evidence. We have the consequences of systematic generation of Fake News, happening at the epicenter of one of the places that was producing the most of it,” he said. “It’s just a testament to the determination of the president,” Gorka continued. “He sticks with what he knows to be true. He hangs in there doggedly and finally. Thanks to intrepid people like James O’Keefe, we have the evidence, and people are getting fired.” So what’s O’Keefe got on the New York Times? Inquiring minds want to know if perhaps one of O’Keefe’s operatives was even at that charity event former FBI Director James Comey attended during his visit to the grey lady in late June. Follow on Twitter @ZeroPointNow § Subscribe to our YouTube channel
Nasdaq 100 futures jumped 0.8% after Apple surged to record highs following a strong beat and optimistic projections ahead of the launch of the company's new batch of iPhones. Eminis are little changed, up 0.1% to 2,475, trailing Asian markets, while European stocks and crude oil fall. Apple surged 6% after-hours to a new record highm taking its market capitalization above $830 billion. That should help carry the Dow through the 22,000 mark when the market opens. Among Asia's Apple suppliers, LG Innnotek jumped 10 percent and SK Hynix, the world's second-biggest memory chip maker, rose 3.8 percent. Murata Manufacturing firmed 4.9 percent and Taiyo Yuden 4.4 percent, helping the Nikkei up 0.47 percent. "It is all about Apple," said Naeem Aslam chief market analyst at Think Markets. "The firm comfortably topped its forecast and produced stellar numbers for its revenue and profit." Oil came under pressure again as higher than expected US inventories and reports of rising OPEC output helped drive prices below back below $48/bbl (WTI crude). In FX markets, the USD dollar gave up some gains late in the session with DXY edging down by 0.1% and the euro rising to $1.1827. Treasury yields are 0.5-2bps higher across the curve with the 10y at 2.273%. The MSCI tech index for Asia climbed 0.9 percent to ground not trod since early 2000, bringing its gains for the year to a heady 40 percent. Asian markets rose, supported by tech shares after Apple's surprising beat guidance boost as well as stronger Chinese manufacturing PMIs (the Caixin/Markit survey of private Chinese manufacturing rose to 51.1 in July, its highest level in four months). Japan's Nikkei gained after the strong Apple sales outlook helped boost tech shares; Korea's Kospi and the Hang Seng were also firmer while the ASX 200 slipped on commodities pullback. The NZ kiwi dropped sharply after New Zealand’s employment unexpectedly fell. Australian government bonds trimmed early gains after monthly building approvals surged; WTI crude futures drift lower toward $48.50; Dalian iron ore January futures 1.6% weaker In Europe, the Stoxx Europe 600 Index declined 0.2%, the U.K.’s FTSE 100 Index decreased 0.3 % while Germany’s DAX Index dropped 0.1%. Mining and oil shares weighed on Europe’s benchmark equity index as crude fell for a second day and most industrial metals traded lower. Meanwhile, following its best month since March 2016 the Euro's gains continued, reached a new two-and-a-half-year high against the ailing dollar, and leading to a stop-loss triggered spike around 4:30am ET, which sent the EURUSD as high as 1.1870, pressuring the Eurostoxx 600 lower, as traders ktrimmed long-dollar positions ahead of U.S. payrolls data on Friday. Rio Tinto Plc led the decline among basic resources shares after first-half profit missed estimates. Banks dropped after Standard Chartered Plc said it can’t resume dividends amid an uncertain recovery, while Societe Generale SA slumped as litigation costs increased. Oil extended a retreat from its brief rise above $50 a barrel as U.S. crude stockpiles expanded, while copper dropped a second day. "The ECB is going to be the central bank to watch for the rest of the year," said JP Morgan Asset Management global market strategist Alex Dryden. "We think they are going to take 9-12 months to get out of the market but that is a big question ... it could even be six months," he added. With the dollar index near a two-year low, the options market shows that traders are gearing up for more euro strength with demand growing for calls, according to Bloomberg. The currency’s strength has pushed European earnings revisions into negative territory, according to Credit Suisse Group AG. The pound retains bullish trading ahead of the Bank of England policy decision on Thursday, rising as high as 1.3240. European government bonds slipped before Germany’s sale of 10-year bunds, which priced at an average yield of 0.49%, down from 0.59% previously (Bid to cover 1.52, retention of 19.5%). The key overnight FX move included a tumble in the New Zealand dollar, which fell more than half a percent after second-quarter employment unexpectedly declined. Most emerging Asian currencies fell initially as the dollar recovered after capping a fifth straight month of declines in July. The MSCI EM Asia Index of shares is up for a third day, with bonds in the region mostly higher. However, as the night progressed, dollar gains fizzled and the Bloomberg Dollar Index was down less than 0.1% after bing up 0.1% earlier, following Tuesday’s 0.2% advance, which came after a sharp 2.6% slide in July. China’s money-market squeeze returned, with sovereign bonds beginning to feel the heat as the central bank keeps liquidity on a tight leash, without adding any net new reverse repo liquidity for another day, and concerns grow about a wall of fund maturities this month. 10-year bond yield little changed at 3.64%, hovering near the highest level in 8 weeks as PBOC refrains from boosting liquidity for third day. Onshore, offshore yuan both drop; Shanghai Composite Index down 0.2%. In a statement on its microblog, SAFE said it didn’t target specific companies as in a media report that it checked their collaterals for loans overseas. Expect data on MBA mortgage applications later, along with earnings reports from Tesla, MetLife and Time Warner among others. Market Snapshot Dow futures +53 Dow cash closed +72.80 to 21,963.92 S&P 500 futures +3.5, up 0.1% to 2,474.75 S&P 500 cash closed +0.24% to 2,476.35 10Y UST yield +2bps to 2.273% STOXX Europe 600 down 0.2% to 379.33 MSCI Asia Pacific down 0.02% to 161.30 MSAPJ up 0.05% to 531.62 Nikkei up 0.5% to 20,080.04 Topix up 0.4% to 1,634.38 Hang Seng Index up 0.2% to 27,607.38 Shanghai Composite down 0.2% to 3,285.06 Sensex down 0.08% to 32,549.91 Australia S&P/ASX 200 down 0.5% to 5,744.20 Kospi up 0.2% to 2,427.63 German 10Y yield rose 0.4 bps to 0.495% Euro up 0.5% to 1.1866 per US$ Italian 10Y yield fell 7.4 bps to 1.727% Spanish 10Y yield rose 3.9 bps to 1.477% Brent Futures down 0.5% to $51.53/bbl old spot down 0.1% to $1,267.36 U.S. Dollar Index down 0.3% to 92.80 Top Overnight News from BBG Apple Results Push Global Tech Higher; White House Considers China Trade Action; Oil Slips on Surprise Jump in Stockpiles Apple Inc. gave a revenue forecast that highlighted resilient demand for the iPhone ahead of the launch of its new models and the growing significance of the company’s supporting businesses Deutsche Bank AG envisions shifting almost half its U.K. positions to the European continent over coming years as the lender’s Brexit plans take shape Auto sales fell the most since August 2010, a year after the federal government’s “Cash for Clunkers” program to stimulate demand came to an end Central banks around the globe are stocking up on Treasuries again, giving bond traders one more reason to wager on a steeper U.S. yield curve in the months ahead Clients said to have pulled 15% of their assets from Paul Tudor Jones main fund in 2Q Trump’s Russia Ties Get No Scrutiny as House Panel Eyes Clinton Trump’s CEO Brain Trust Comes Up Short on Big Ideas for Policies Democrats Say They Had ‘Bizarre’ Meeting With Trump’s Ex-Im Pick Wal-Mart Puts New Scrutiny on Suppliers With Chemicals Project Apple FY4Q Rev. View Midpoint Tops Est; Gross Margin View Trails Fleetcor Raised $3.975b of Pro-Rata Loans Alongside $350m TLB Global Smartphone Sales Rise 5.5% as Xiaomi Re-Joins Top Five Teck Says BC Hydro Exercised Right on Interest in Waneta Dam Methode to Buy All Pacific Insight Shares for About C$144m Cash CVS Sees Removing 17 Products From Standard Control Formulary Match Group Names Mandy Ginsberg to Succeed Greg Blatt as CEO Amazon Cloud Users Told Not to Bypass China Internet Rules: WSJ Asian stocks traded mostly higher taking the impetus from Wall Street's gains where the DJIA homed in on the 22,000 level and NASDAQ futures surged after-market following Apple's (+5% after-market) strong Q3 earnings. This supported the Apple supply chain and resulted to outperformance of the TAIEX (+0.7%), while Nikkei 225 (+0.6%) was underpinned by a weaker currency. Conversely, losses in the commodities complex and financials weighed on ASX200 (-0.4%), while Shanghai Comp (+0.1%) was indecisive and traded choppy due to a lack of drivers and a reduced liquidity operation by the PBoC. Finally, 10Y JGBs were relatively flat amid the positive risk tone in Japan with only mild gains seen following a respectable Rinban announcement in which the BoJ are in the market for over JPY ltln JGBs ranging from ly to 10Y maturities. The Kiwi tumbled after ugly jobs data: New Zealand Employment Change (Q2) Q/Q -0.2% vs. Exp. 0.7% (Prey. 1.2%) New Zealand Employment Change (Q2) Y/Y 3.1% vs. Exp. 4.1% (Prey. 5.7%) New Zealand Unemployment Rate (Q2) 4.8% vs. Exp. 4.8% (Prey. 4.9%) Top Asian News GIC Is Said to Invest $100 Million in Japan Activist Fund Misaki China Billionaire Triples Wealth and Shorts See a Fat Target Hongqiao to Shut and Replace More Than 2 Mln Tons Alu Capacity Sleepy Japan Stocks Set for Rude Awakening, Strategists Say Noble Group May Challenge Yancoal Equity Raising for Rio Deal BNP Paribas Is Said to Expand Japan Operations With 30 Hires European bourses traded with modest losses with energy and material names underperforming, the latter weighed by Rio Tinto post their soft earnings report. Apple suppliers performing well this morning with the likes of Dialog Semiconductors trading with modest gains after Apple profits rose ahead of analyst estimates. Standard Chartered and SocGen lower this morning following soft financial results. EGB yields ticking higher this morning, while firmer Eurozone PPI figures have also led to the upside. Notable outperformance observed in the German 5Y with the yield falling 0.2bps. Top European News Deutsche Bank Brexit Base Case Said to See 4,000 Jobs Move Standard Chartered First Half Adjusted Operating Income $7.2 Bln U.K. July Construction PMI 51.9 vs 54.8 in June; Est. 54 Glencore Asks Australia to Focus on Economy Before Climate Deal Brexit Angst Is So 2016 as These Indicators Show: Markets Live UniCredit, Mediobanca, Generali to Cut Crossholdings: Repubblica Thyssenkrupp Said to Consider Break-Up as Plan B to Tata In currencies, NZD underperformed last night post the release of soft jobs figures which took NZD back towards 0.74. Consequently, the jobs data alongside the relatively tepid Fonterra GDT auction reinforces the RBNZ's current neutral stance on interest rates, in the wake of the data, AUD/NZD broke back above 1.07. CAD noticeably weaker this morning, largely on the back of softer crude prices following last night's surprise API build. The recent bearish trend looks to have broken down with USDCAD now hovering around last week's high of 1.2577 and looking to make a move above 1.26. JPY weaker across the board, USD/JPY eying 111.00 to the upside after offers just above 110.50 failed to cap strength. EURJPY holding 131.00 for now as gains have been led by rise in EUR/USD which tripped through 118.00. GBP relatively choppy this morning following a sizeable miss on the Construction PMI reading (51.9 vs. Exp. 54.5), GBPUSD ticking off some 20 pips before trading back to pre-announced levels In commodities, WTI crude futures were drilled below USD 49/bbl following a surprise build in API inventories and a survey which suggested OPEC supply rose in July. Elsewhere, gold (-0.3%) retreated from near 8-week highs amid profit taking and with the safe-haven also dampened by the increased risk appetite, while copper prices were also lower alongside the broad-based weakness across the commodities complex. WTI and Brent crude futures tracking lower following last night's API report. Iron ore futures also saw a slight pullback from its recent advances, declining over 1% in Asian trade. Taking a look now at the day ahead, we will get the ADP employment number for July due (190k expected; 158k previous). At present the three month trailing average of ADP private employment gains (179k) is tracking close to that of BLS private payrolls (180k). So our US economist believes it would take a material miss relative to expectations for us to change our payroll forecast. Major US companies due to report earnings include: American International Group (AIG), Metlife, Mondelez International and Time Warner. US Event Calendar 7am: MBA Mortgage Applications, prior 0.4% 8:15am: ADP Employment Change, est. 190,000, prior 158,000 11am: Fed’s Mester Speaks to Community Banking Conference 3:30pm: Fed’s Williams Speaks in Las Vegas on Monetary Policy DB's Jim Reid concludes the overnight wrap Many in the market continue to talk about it being a carry trade until at least Jackson Hole in 3 and a half weeks’ time. The chatter on the US debt ceiling that we've discussed before also continues in the background with some saying the Trump administration will struggle to build a consensus around the smooth raising of it as we approach it around October time. The thing that worries investors most from an immediate event risk point of view is an escalation of tensions between the US and North Korea. Could we wake up one morning to find the US has used force in some way in the peninsula? Clearly its impossible to predict but that doesn't prevent some from using it to handicap their view. We also have the Fed and the ECB likely to stop reinvestment and announce a fresh taper in September and October respectively. So plenty to think about after the holidays are over but for now most investors are riding carry trades. In the days leading up Jackson Hole it'll be interesting to see if that changes but markets probably have two weeks before it comes into view enough to focus on. Ahead of the likely August lull, government bond yields fell across all regions and maturities yesterday, with the German Bunds down to the lowest level since early July (2Y: -2bp; 10Y: -5bps). For other sovereigns, the Italian BTPs (2Y: -3bps; 10Y: -8bps) fell the most, followed by the OATs (2Y: -6bps; 10Y: -6bps) and Gilts (2Y: -1bps; 10Y: -2bps). The bund yield started higher in the morning, but fell ~5bp in the afternoon to 0.49%. The change was similar to intraday falls in the UST 10Y, partly driven by the mixed US macro data and lower auto sales by US car markers (sales at GM -15% yoy). To be fair, as we type, UST 10Y yields have bounced back from the lows and is now ~1.5bp higher this morning. In commodities, WTI oil fell 2 %, marking the first decline after 6 consecutive days of gain. The softness was partly associated with an industry report (American Petroleum Institute) showing rising US inventories and a Reuters survey indicating higher OPEC production in July, led by a further recovery in supply from Libya. Iron ore softened 0.2%, after a 7% rise the day before on positive Chinese steel PMI data. Elsewhere, precious metals were slightly lower (Gold -0.1%; Silver -0.2%) and industrial metals also softened (Copper -0.4%; Aluminium -0.1%). Onto equities, US bourses continue to edge ahead, following supportive results. The S&P and the Nasdaq were both up 0.2%. The Dow was up 0.3% to another record close – the fifth record high and closer to the 22,000 mark. Within the S&P, modest gains in the financials (+0.8%) and IT sector (+0.5%) were partly offset by losses in health care and industrials. After the bell, Apple was up ~4% on a solid quarterly result and upgraded revenue forecast. European markets also strengthened, aided by the lower Euro and sound results from BP and Rolls-Royce. The Stoxx 600 was up 0.6%, with most sectors increasing on the day. Utilities and the energy sector was up 1%, while health care was the only sector down (-0.2%). The DAX was up 1.1%, with similar increases across the region: FTSE 100 (+0.7%), CAC (+0.7%) and Italian FTSE MIB (+0.6%). Turning to currency, the US dollar index gained 0.2% on the back of mixed but slightly supportive data. The Euro/USD and Sterling/USD both softened marginally, falling 0.3% and 0.1% respectively. Turning to Tuesday's data, the key focus was on the Markit PMI and ISM data out of Europe and the US respectively. Before we take a detailed look at these numbers, we quickly recap some of the other economic data releases out yesterday. Away from the PMIs in Europe we saw the advance Q2 GDP estimate for the Eurozone that came in line with expectations at +2.1% YoY (+0.6% mom), up from +1.9% YoY in Q1. After factoring this in and the clear lift in momentum seen in other indicators, our European team now expects full year growth in 2017 to be 2.2% up (vs. 1.9% previous) and 2018 growth to be 2.0% (vs. 1.6% previous). Meanwhile over in the US personal income growth was flat in June (vs. +0.4% expected) while personal spending also slowed in line with expectations at +0.1% mom (+0.2% previous). Real personal spending was however flat on the month against expectations of an increase of +0.1%. Turning to the manufacturing PMI data now. In Europe we saw manufacturing PMIs for Germany (58.1 vs. 58.3 flash), France (54.9 vs. 55.4 flash) and the Eurozone (56.6 vs. 56.8 flash) all revised slightly lower. Elsewhere we also got the first look at the Spanish PMI (54.0 vs. 54.5 expected) that disappointed while Italy (55.1 vs. 55.0 expected) and the UK (55.1 vs. 54.5 expected) beat expectations. The UK number had fallen for the last three months and the rise was on the back of the strongest rise in export orders since April 2010. Has the devaluation finally had an impact? Across the pond the ISM reading dipped to 56.3 (vs. 56.4 expected; 57.8 previous), but was largely in line with expectations. The production index fell to 60.6 (vs. 62.4 previous) while new orders slipped to 60.4 (vs. 63.5 previous). New export orders also fell to 57.5 (vs. 59.5 expected). One interesting dynamic to take note of is the prices paid index that climbed significantly more than expected to 62.0 (vs. 55.8 expected; 55.0 previous). Of the 18 manufacturing industries surveyed, 14 reported an increase in the prices paid for raw materials in July. While part of the climb could be attributed to the fact that the index was quite low in June (lowest level since November 2016), the US dollar weakness in July likely played an important role in driving up raw material costs for US manufacturers. Away from the markets, the WSJ reported that US senate democratic leader Schumer wrote to President Trump and urged him to put all Chinese M&A activity in the US on hold until China takes more aggressive actions to address the evolving North Korean situation. This morning, Asian markets have followed the lead from US, with the Nikkei (+0.4%), the Kospi (+0.2%) and Hang Seng (+0.3%) all higher but with Chinese bourses broadly flat. Taking a look now at the day ahead, today’s calendar appears to be fairly quiet. In Europe the Eurozone PPI for June (-0.1% mom expected; -0.4% previous) is the only data of note, while the US has the ADP employment number for July due (190k expected; 158k previous). At present the three month trailing average of ADP private employment gains (179k) is tracking close to that of BLS private payrolls (180k). So our US economist believes it would take a material miss relative to expectations for us to change our payroll forecast. Major US companies due to report earnings include: American International Group (AIG), Metlife, Mondelez International and Time Warner.
Futures higher on strong earnings season; Apple in focus (Reuters) Kelly Sends Off Scaramucci, But Real Test Will Be Taming Trump (BBG) Senate Democrats offer Republicans help on tax reform - with conditions (Reuters) Banks May Need $50 Billion New Capital After Brexit (BBG) Goldman Sachs Finds Itself in Odd Spot: Last Place in Trading (WSJ) Trump dictated misleading statement on son's meeting with Russian (Washington Post) Struggling Stock Pickers Eye Quant Tools to Gain an Edge (BBG) Trump’s Obsession With Leaks (BBG) BP Turns a Corner, but 2010 Oil Spill Keeps Biting (WSJ) The immigrant success story that led police to a Chinese banking giant (Reuters) Greenspan Sees No Stock Excess, Warns of Bond Market Bubble (BBG) Euro-Area Economy Steams Ahead as ECB Waits for Inflation (BBG) The energy patch: where rights offerings are 'sexy' again (Reuters) Rowling Apologizes for Claiming Trump Ignored Disabled Boy (BBG) President Xi says China loves peace but won't compromise on sovereignty (Reuters) Greenspan Sees No Stock Excess, Warns of Bond Market Bubble (BBG) Rolls-Royce Recovery Revs Up, But CEO Wary of Production Hurdles (BBG) Snap, Blue Apron Shake Confidence in Startup Valuations (WSJ) Caterpillar CFO Brad Halverson to retire in early 2018 (Reuters) Under Armour to Cut About 280 Jobs (WSJ) Overnight Media Digest WSJ - Discovery Communications Inc has agreed to buy Scripps Networks Interactive Inc for $11.9 billion, a bet that a bigger footprint in lifestyle programming will help it weather the upheaval in cable television. on.wsj.com/2vcde4A - Anthony Scaramucci has been removed from his position as White House communications director, just 10 days after it was announced he would take it. He was ousted at the urging of the new Chief of Staff John Kelly. on.wsj.com/2vcKM2i - The United States has frozen the assets of Venezuelan President Nicolas Maduro, citing human rights abuses. The Treasury Department took the action after the country held elections Sunday that the United States considers illegitimate. on.wsj.com/2vd7yaf - The Pentagon and State Department have devised plans to supply Ukraine with antitank missiles and other weaponry and are seeking White House approval, as Kiev battles Russian-backed separatists. on.wsj.com/2vcLlJs - Boeing Co is creating a new unit to develop and build aircraft avionics systems, expanding its strategy of insourcing key technology to cut costs. on.wsj.com/2vcUDFl - Volkswagen AG faces fresh legal pressure over its emissions-cheating scandal after European Union authorities for the first time recommended fraud charges against two company officials. on.wsj.com/2vcIJLv FT Discovery Communications Inc is acquiring Scripps Networks Interactive Inc for $14.6 billion including debt in a deal that brings the channels TLC, Animal Planet, HGTV and the Food Network under the same umbrella. Santee Cooper and South Carolina Electric & Gas Company ordered an immediate halt to construction of their jointly owned project in Jenkinsville. The power station is one of two nuclear plants being built by Westinghouse in the united States. Music streaming company Spotify has reached 60 million paying subscribers as the Swedish start-up prepares for a public listing later this year. Europe's biggest bank HSBC Holdings Plc has announced a $2 billion share buyback, raising the amount of total stock it has pledged to buy during the past year to $5.5 billion. NYT - Time Warner -owned HBO confirmed that the network had been the target of a cyberattack, as an anonymous hacker boasted about leaking full episodes of upcoming shows along with written material from next week's episode of "Game of Thrones". nyti.ms/2vcbMza - HSBC Holdings Plc said on Monday it would buy back as much as an additional $2 billion in shares as it reported better-than-expected earnings in the second quarter. The London-based bank announced $5.5 billion in share repurchases since the second half of last year as its prospects improved. nyti.ms/2vdlSQh - Discovery Communications Inc unveiled its blueprint for a digital future, a $11.9 billion deal for Scripps Networks Interactive Inc to build a new force in cable television focused on nonscripted programs. nyti.ms/2vdadAV - Two South Carolina utilities said they would abandon two unfinished nuclear reactors in the state, putting an end to a project that was once expected to showcase advanced nuclear technology but has since been plagued by delays and cost overruns. nyti.ms/2vcKyIu Canada The Globe and Mail ** Opposition parties and human-rights groups are calling on the Trudeau government to suspend arms exports to Saudi Arabia as federal officials probe the apparent use of Canadian-made armoured vehicles against Saudi civilians. (tgam.ca/2uQX4MJ) ** Calgary should not bid for the 2026 Winter Olympics unless a number of conditions are met to ensure the Games would not break the city financially, city staff have advised in a report delivered Monday to municipal politicians. In documents released prior to Monday's council meeting, staff argued that Calgary faces "significant challenges" with respect to its debt. (tgam.ca/2vedC2u) ** The Canadian arm of scandal-plagued U.S. venture capital firm 500 Startups is suspending operations, the latest fallout of Silicon Valley's ongoing reckoning with its systemic sexism and sexual harassment issues. (tgam.ca/2tUUUJd) ** NextBlock Global, an investment fund that buys cryptocurrencies and invests in companies built using blockchain technology, announced on Monday that it has raised C$20 million ($16.03 million) in its first round of fundraising. (tgam.ca/2viL7An) National Post ** An activist investor has ramped up his calls for Hudson's Bay Co to sell some real estate or explore other options to raise the value of its lagging shares. Jonathan Litt, chief executive of Land and Buildings Investment Management, threatened to launch a proxy fight on Monday if the company does not heed his public call in June for the company to monetize its real estate. (bit.ly/2uUf3R4) Britain The Times Anti-fracking protesters face the threat of prison if they obstruct Ineos Holdings Ltd's efforts to explore for shale gas after it secured wide-ranging injunctions to protect its operations. bit.ly/2vctT89 Children will soon have the chance to join the likes of Charlie Bucket, Augustus Gloop and Veruca Salt on a tour of Willy Wonka's Chocolate Factory after one of Britain's most promising independent publishing businesses secured a deal with Roald Dahl's estate. bit.ly/2vh0N6Q The Guardian The financial watchdog has announced fresh measures to protect consumers from spiralling debt as official data showed that borrowing through credit cards, overdrafts and car loans has topped 200 billion pounds ($263.84 billion) for the first time since the global financial crisis. bit.ly/2vmLwm6 Booths, the family-owned upmarket grocer, has been forced to call in accountants to conduct a financial health check of the business after a difficult 18 months. bit.ly/2vmSyqP The Telegraph Stonegate Pub Company Ltd (IPO-SPC.L) has made a 100 million pounds takeover bid for Revolution Bars Group Plc, just over two months after the cocktail bar's shares plummeted 46 percent in one week. bit.ly/2uP7NHx RedX Pharma Plc, a biotech company specialising in developing cancer drugs, looks set to return to the London market after administrators agreed to sell the rights to a promising treatment for leukemia to a U.S. company for $40 million. bit.ly/2tYiysn Sky News Credit rating agency Moody's has warned about soaring levels of household debt as Bank of England figures show unsecured borrowing is back above 200 billion pounds. bit.ly/2vgHxGS A former boss of Marks & Spencer and an ex-Unilever Plc chief operating officer are being lined up to play key roles in the 6 billion pounds auction of Flora and I Can't Believe It's Not Butter. bit.ly/2vcoJJ1 The Independent Maintenance, security and hospitality staff at the Bank of England are to go on a three-day strike after talks between the central bank and the Unite union over a pay offer broke down. ind.pn/2tWTQIS
Top Research Reports for JNJ, AT&T & Lockheed Martin
Content originally published at iBankCoin.com Project Veritas founder James O'Keefe has just capped off a week of destroying CNN's last shred of credibility with a Friday morning release of another undercover encounter with an employee of the beleaguered network. Jimmy Carr, a hate-filled Associate Producer, said that virtually everyone he knows at the network - surprise - absolutely hates President Trump. Carr: "On the inside, we all recognize he is a clown, that he is hilariously unqualified for this, he's really bad at this and that he does not have America's best interests. We recognize he's just f*cking crazy." "Here's the deal, this is a man who's not actually a Republican... He just adopted that because that was the party he thought he could win in. He doesn't believe anything that these people believe." Carr goes on to rattle off a laundry list of grievances against the President, stating that "90% of us are on board with just the fact that he's crazy." Carr didn't stop at the President. When asked about the election, the Associate Producer said American voters are "Stupid as shit," before insulting Kellyanne Conway - a top Trump advisor and the first woman to run a successful Presidential campaign. Voters “Stupid as sh*t” says New Day associate producer #AmericanPravda #CNNhttps://t.co/NViTBRJmp0 pic.twitter.com/hJzjtcCSNF — James O'Keefe (@JamesOKeefeIII) June 30, 2017 Ratings Carr then echoed what another CNN producer admitted to a Project Veritas operative - it's all about Ratings. "It's decisions made by people higher than me and if they go wow, your ratings are soaring right now, keep up what you're doing. Well, what we're doing is Russia, ISIS, London terror, shooting in Chicago, that's it. Fake News Bust O'Keefe also caught CNN selectively editing out a Trump supporter's answer during an election panel to make him appear stupid when giving an answer to the topic of illegal immigrants voting in the 2016 election. Entire video: Week of horror for CNN Undercover footage released earlier in the week dealt devastating blows to the credibility-damaged network whose President, Jeff Zucker, may be on the chopping block if a merger between AT&T and CNN parent company Time Warner is approved. On Monday, Project Veritas released undercover footage of a candid discussion with CNN producer John Bonifield, in which the "Very Fake News" network employee admitted that the whole Russia story against President Trump is a "Mostly B.S." ratings grab by CNN's CEO Jeff Zucker. Bonifield also admitted that he hasn't seen any evidence of President Trump committing a crime. But all the nice cutesy little ethics that used to get talked about in journalism school, you're just like, that's adorable. That's adorable. This is a business. -John Bonifield Then on Wednesday O'Keefe captured footage of CNN host Van Jones saying that the Russia - Trump story is "a big nothing burger." Van Jones responded with a CNN op-ed, calling the video a hoax and "highly edited right wing propaganda" made by a "con man." [F]or those of you unfamiliar with James O'Keefe and his misnamed "Project Veritas," here's a helpful recap: James O'Keefe is a notorious con man whose infamy arises from his addiction to pulling the same media stunts, over and over again. -Van Jones (Perhaps the Project Veritas operative approached Van Jones off camera to role-play as a conservative for fun?) White House Endorses On Tuesday, White House Deputy Press Secretary Sarah H. Sanders encouraged people to watch the O'Keefe video of CNN Producer John Bonifield admitting the Russia story was "Mostly B.S." pushed by CEO Jeff Zucker for ratings. "whether it's accurate or not, I don't know - I think if it is accurate, it is a disgrace to all of media, to all of journalism." -Sarah H. Sanders Huckabee's endorsement drew the ire of the MSM, however instead of discussing the content of O'Keefe's video - pundits like Chuck Todd did a full Exorcist head swivel over the fact that Huckabee hadn't personally verified each claim in the undercover sting (which CNN confirmed the authenticity of). Trump's War on the Media: Does the media get it right all the time? No -- but journalists get fired for not telling the truth. #MTPDaily pic.twitter.com/pHVwX7ieh9 — Meet the Press (@MeetThePress) June 28, 2017 Death knell? Will a cleanout of CEO Jeff Zucker and perhaps a few other sacrificial wolves restore credibility to the news network that's been faking it for years? I wouldn't hold my breath as long as guys like James O'Keefe are around to expose the shills. When asked about #Veritas and hidden-cameras, @ChrisCuomo said: "Sometimes that's when you're the most honest." Get ready. #AmericanPravda pic.twitter.com/nSQqZrGTKT — James O'Keefe (@JamesOKeefeIII) June 30, 2017
O'Keefe's Third Undercover Film Exposes CNN's Internal Culture Of Hate And The Actual Creation of Fake News
Content originally published at iBankCoin.com Project Veritas founder James O'Keefe has just capped off a week of destroying CNN's last shred of credibility with a Friday morning release of another undercover encounter with an employee of the beleagured network. Jimmy Carr, a hate-filled Associate Producer, said that virtually everyone he knows at the network - surprise - absolutely hates President Trump. Carr: "On the inside, we all recognize he is a clown, that he is hilariously unqualified for this, he's really bad at this and that he does not have America's best interests. We recognize he's just f*cking crazy." "Here's the deal, this is a man who's not actually a Republican... He just adopted that because that was the party he thought he could win in. He doesn't believe anything that these people believe." Carr goes on to rattle off a laundry list of grievances against the President, stating that "90% of us are on board with just the fact that he's crazy." Carr didn't stop at the President. When asked about the election, the Associate Producer said American voters are "Stupid as shit," before insulting Kellyanne Conway - a top Trump advisor and the first woman to run a successful Presidential campaign. Voters “Stupid as sh*t” says New Day associate producer #AmericanPravda #CNNhttps://t.co/NViTBRJmp0 pic.twitter.com/hJzjtcCSNF — James O'Keefe (@JamesOKeefeIII) June 30, 2017 Ratings Carr then echoed what another CNN producer admitted to a Project Veritas operative - it's all about Ratings. "It's decisions made by people higher than me and if they go wow, your ratings are soaring right now, keep up what you're doing. Well, what we're doing is Russia, ISIS, London terror, shooting in Chicago, that's it. Fake News Bust O'Keefe also caught CNN selectively editing out a Trump supporter's answer during an election panel to make him appear stupid when giving an answer to the topic of illegal immigrants voting in the 2016 election. Entire video: Week of horror for CNN Undercover footage released earlier in the week dealt devastating blows to the credibility-damaged network whose President, Jeff Zucker, may be on the chopping block if a merger between AT&T and CNN parent company Time Warner is approved. On Monday, Project Veritas released undercover footage of a candid discussion with CNN producer John Bonifield, in which the "Very Fake News" network employee admitted that the whole Russia story against President Trump is a "Mostly B.S." ratings grab by CNN's CEO Jeff Zucker. Bonifield also admitted that he hasn't seen any evidence of President Trump committing a crime. But all the nice cutesy little ethics that used to get talked about in journalism school, you're just like, that's adorable. That's adorable. This is a business. -John Bonifield Then on Wednesday O'Keefe captured footage of CNN host Van Jones saying that the Russia - Trump story is "a big nothing burger." Van Jones responded with a CNN op-ed, calling the video a hoax and "highly edited right wing propaganda" made by a "con man." [F]or those of you unfamiliar with James O'Keefe and his misnamed "Project Veritas," here's a helpful recap: James O'Keefe is a notorious con man whose infamy arises from his addiction to pulling the same media stunts, over and over again. -Van Jones (Perhaps the Project Veritas operative approached Van Jones off camera to role-play as a conservative for fun?) White House Endorses On Tuesday, White House Deputy Press Secretary Sarah H. Sanders encouraged people to watch the O'Keefe video of CNN Producer John Bonifield admitting the Russia story was "Mostly B.S." pushed by CEO Jeff Zucker for ratings. "whether it's accurate or not, I don't know - I think if it is accurate, it is a disgrace to all of media, to all of journalism." -Sarah H. Sanders Huckabee's endorsement drew the ire of the MSM, however instead of discussing the content of O'Keefe's video - pundits like Chuck Todd did a full Exorcist head swivel over the fact that Huckabee hadn't personally verified each claim in the undercover sting (which CNN confirmed the authenticity of). Trump's War on the Media: Does the media get it right all the time? No -- but journalists get fired for not telling the truth. #MTPDaily pic.twitter.com/pHVwX7ieh9 — Meet the Press (@MeetThePress) June 28, 2017 Death knell? Will a cleanout of CEO Jeff Zucker and perhaps a few other sacrificial wolves restore credibility to the news network that's been faking it for years? I wouldn't hold my breath as long as guys like James O'Keefe are around to expose the shills. When asked about #Veritas and hidden-cameras, @ChrisCuomo said: "Sometimes that's when you're the most honest." Get ready. #AmericanPravda pic.twitter.com/nSQqZrGTKT — James O'Keefe (@JamesOKeefeIII) June 30, 2017 Follow on Twitter @ZeroPointNow § Subscribe to our YouTube channel
Telecom Stock Roundup: Sprint Exploring Wireless Tie-up With Cable MSOs, Qualcomm to Face FTC Lawsuit
Last week has been quite eventful for the telecom industry.
Snap Inc (SNAP) has updated its "On-demand Geofilter" feature. Users can now create their own custom geofilters within the app.
В Cети появилось видео, на котором старший продюсер телеканала CNN Джон Бонифилд рассказывает, что никаких доказательств так называемому «Рашагейту» на самом деле нет.
Facebook (FB) is aggressively ramping up its original content efforts. Per media reports, the social media giant is in talks with several Hollywood agencies to acquire TV-style content.
Оригинал взят у tiina в «Человек года» все обложки журнала Time за последние 90 летС 1927 года журнал Time в каждом декабрьском номере называет «Человека года», повлиявшего на мир лучшим или худшим образом. Первым был Чарльз Линдберг, лётчик, в одиночку перелетевший Атлантику, а в нынешнем году – американский президент Дональд Трамп. Предлагаем взглянуть на все 90 обложек Time, интересных не только помещёнными на них знаменитыми личностями, но и тем, каким образом их изобразили.1927: Чарльз Линдберг1928: Уолтер Крайслер1929: Оуэн Юнг1930: Махатма Ганди1931: Пьер Лаваль1932: Франклин Рузвельт1933: Хью Джонсон1934: Президент Франклин Рузвельт1935: Хайле Селассие1936: Уоллис Симпсон1937: Чан Кайши и Сун Мэйлин1938: Адольф Гитлер1939: Иосиф Виссарионович Сталин1940: Уинстон Черчилль1941: Президент Франклин Рузвельт1942: Иосиф Виссарионович Сталин1943: Джордж Маршалл1944: Дуайт Дэвид Эйзенхауэр1945: Президент Гарри Трумэн1946: Джеймс Фрэнсис Бирнс1947: Джордж Маршалл1948: Президент Гарри Трумэн1949: Уинстон Черчилль1950: Американский солдат1951: Мохаммед Моссадех1952: Королева Елизавета II1953: Конрад Аденауэр1954: Джон Фостер Даллес1955: Харлоу Куртис1956: Борец за свободу Венгрии1957: Никита Сергеевич Хрущёв1958: Шарль де Голль1959: Президент Дуайт Дэвид Эйзенхауэр1960: Американские ученые1961: Президент Джон Кеннеди1962: Римский папа Иоанн XXIII1963: Мартин Лютер Кинг1964: Линдон Бэйнс Джонсон1965: Уильям Уэстморленд1966: Мужчины и женщины в возрасте до 25 лет1967: Президент Линдон Бэйнс Джонсон1968: Аполлон 8 Уильям Андерс, Фрэнк Борман, Джеймс Ловелл1969: Средний класс американцев1970: Вилли Брандт1971: Президент Ричард Никсон1972: Президент Ричард Никсон и Генри Киссинджер1973: Джон Сирица1974: Король Фейсал1975: Американские женщины1976: Президент Джимми Картер1977: Анвар Садат1978: Дэн Сяопин1979: Аятолла Хомейни1980: Президент Рональд Рейган1981: Лех Валенса1982: Компьютер1983: Президент Рональд Рейган и Юрий Андропов1984: Питер Уэберрот1985: Дэн Сяопин1986: Корасон Акино1987: Михаил Горбачев1988: Вымирающая земля1989: Михаил Горбачев1990: Президент Джордж Герберт Уокер Буш1991: Тед Тёрнер1992: Президент Билл Клинтон1993: Миротворцы: Ицхак Рабин, Нельсон Мандела, Фредерик Виллем де Клерк, Ясир Арафат1994: Римский папа Иоанн Павел II1995: Ньют Гингрич1996: Доктор Дэвид Хо1997: Эндрю Гроув1998: Кеннет Стар и Билл Клинтон1999: Джефф Безос2000: Президент Джордж Уокер Буш2001: Руди Джулиани2002: Разоблачители: Синтия Купер, Колин Роули и Шэрон Уоткинс2003: Американский солдат2004: Президент Джордж Уокер Буш2005: Добрые самаритяне: Билл Гейтс, Боно, Мелинда Гейтс2006: Ты. «Да, ты. Ты контролируешь Век Информации. Добро пожаловать в твой мир».2007: Владимир Владимирович Путин2008: Президент Барак Обама2009: Бен Бернанке2010: Марк Цукерберг2011: Протестующий2012: Президент Барак Обама2013: Римский папа Франциск 2014: Борец с Эболой2015: Ангела Меркель2016: Дональд Трамп«Человек года» все обложки журнала Time за последние 90 лет