Markets


Biden Refuses To Say Clinton Foundation Is '100 Percent Ethical'
- September 03, 2016

Biden has spoken openly of his son's death as well as the time he spent in Iraq and has referred to war veterans as "the heart, soul and spine" of the nation. Hunt asked. "Has the Clinton Foundation always been 100% ethical in your view?" It was pointed out that Kasich beat him. Jason Miller, Trump campaign spokesman, slammed Biden's refusal to answer Hunt's question directly. (more...)
Tesla Motors Inc (TSLA) Needs More Cash for Gigafactory, Model 3
- September 03, 2016

Tesla CEO Elon Musk wrote in a Tweet Wednesday that a software update will be released in a few weeks. The v8.0 update, aside from introducing more gradual improvements to the system's operation, is also expected to offer an automatic off-ramp feature for exiting highways through the activation of the turn signal. (more...)
Britain to seek unique deal with European Union, including immigration curbs
- September 03, 2016

The factory in Germany will be expanded and has started to supply products to France, Belgium, Luxembourg and the Netherlands. "Who made a rule that we have to stop the debate now?" he said. "It's like moving house without having seen the new house". Meanwhile, Liam Fox has argued that not being in the single market is a price worth paying for border control. (more...)
Stocks rise as US jobs report puts Fed rate hike in question
- September 03, 2016

USA nonfarm payrolls rose by 151,000 jobs in August after an upwardly revised 275,000 increase in July, with job cuts in manufacturing and construction, the Labor Department said. Yet other key indicators still fall short of where they were the last three times the Fed made its first move in a cycle of interest-rate increases. That could in theory help stock markets, which are generally boosted by lower rates, though investors will be weighing that against the evidence that the underlying ... (more...)
Yum to sell stake in China business ahead of spinoff Yum to sell stake in China business ahead of spinoff
- September 03, 2016

Following the spin-off, Yum brands will no longer own shares of Chinese unit, but Yum China will continue to pay 3% royalty to the Pizza Hut owner. Yum, still the largest fast-food chain in China, has been losing ground to McDonald's Corp MCD.N and local rivals in a sluggish economy. (more...)
False reports of shots fired at LAX prompt evacuation of some passengers False reports of shots fired at LAX prompt evacuation of some passengers
- September 03, 2016

A crowd of people wait in Terminal 1 where passengers were being rescreened by security at Los Angeles International Airport after reports that a gunman opened fire Sunday, Aug. Leyna Nguyen, an anchor for KCAL whose flight happened to arrive just before the panic began, said even false reports "create such a chaotic scene, it's really scary". (more...)
Manufacturing Contracted for the First Time in Nine Months Manufacturing Contracted for the First Time in Nine Months
- September 03, 2016

The dollar has dropped to a 3-day low of $1.12 against the Euro Thursday afternoon, from an early high of $1.1127. The euro jumped higher against the U.S. The Australian dollar inched up to $0.7550, from $0.7520 in the USA session, but was still down slightly for the week. Regionally, PMIs are a mixed bag. (more...)
Dollar rises following uptick in United States consumer spending Dollar rises following uptick in United States consumer spending
- September 03, 2016

That's about all we'd encourage investors to take from the speech: The Fed has the tools to conduct its desired monetary policy. "The most important people at the Fed say we're raising rates". Despite the consumer sector stateside continuing to advance, growth towards +2% inflation has stalled. Central bankers aren't retreating from the fight against low inflation, although they're wary of launching a fresh assault on any daring new fronts. (more...)
Delta Air says outage hurt August revenue by about $100 million Delta Air says outage hurt August revenue by about $100 million
- September 03, 2016

United is watching the demand for flights and will respond accordingly, a spokesman said. Including its worldwide alliance partners, Delta offers customers more than 15,000 daily flights, with key hubs and markets including Amsterdam , Atlanta , Boston , Detroit , Los Angeles , Minneapolis/St. (more...)
Foundation a big part of Bill Clinton's post-Washington life Foundation a big part of Bill Clinton's post-Washington life
- September 03, 2016

In the letter , the lawmakers list their various qualms with the Clinton Foundation that "makes it very unclear where the State Department ended and where the Clinton Foundation began". Rep. John Ratcliffe (R-TX) authored a letter cosigned by more than 50 House lawmakers Tuesday to demand a special prosecutor for what Republicans believe are examples of favoritism and a "pay to play" scheme. (more...)
Stocks gain as tepid jobs report stokes hopes for low rates
- September 03, 2016

USA nonfarm payrolls rose by 151,000 jobs in August after an upwardly revised 275,000 increase in July, with job cuts in manufacturing and construction, the Labor Department said . Copper edged up less than 1 cent to $2.08 a pound. Americans worked fewer hours last month, with the average workweek dipping to 34.3 hours from 34.4 hours in July. (more...)
Clinton plans to prevent drug price hikes with federal oversight group Clinton plans to prevent drug price hikes with federal oversight group
- September 03, 2016

Then Mylan bought the company and proceeded to join the list of greedy pharmaceuticals who see an opportunity to take a life-saving drug and jack up the price to obscene levels. As Consumer Reports notes, while epinephrine costs only "pennies to make", it's the self-injecting mechanism that bumps up the drug's price-meaning the EpiPen has somewhat of a monopoly over the market. (more...)
Former Ravens QB signed by Dallas Cowboys
- September 03, 2016

Already chosen as the backup to Brock Osweiler, Savage converted a pair of fourth downs for TDs - both to running back Akeem Hunt on a run and a pass - and the Texans beat the Cowboys 28-17 Thursday. Among those who didn't play were Dallas first-round pick Ezekiel Elliott, along with Dez Bryant and Jason Witten. The Dallas Cowboys play the Houston Texans in Week 4 of the National Football League preseason schedule on Thursday, kick off time at 8:00 PM ET, at AT&T Stadium. (more...)
German manufacturing growth slows in August but remains strong, PMI shows German manufacturing growth slows in August but remains strong, PMI shows
- September 03, 2016

There was also a brighter picture for manufacturing recruitment as employment grew for the first time this year, albeit at a low level. Manufacturing only makes up about 10 percent of Britain's economy but if the service sector PMI, due on Monday, shows the same trend, it would prompt a rethink among many economists about the short-term Brexit hit to Britain. (more...)
U.S. logistics deal to work only on mutual consent, clarifies defence ministry U.S. logistics deal to work only on mutual consent, clarifies defence ministry
- September 03, 2016

The agreement will allow the Indian and United States navies to have an easier time supporting each other in joint operations and exercises and when providing humanitarian assistance, Parrikar said. Carter said, "When they do agree, this is an agreement that makes it all go so much more smoothly and efficiently". Mr Parrikar was welcomed with an enhanced honor corden by Mr Carter as he arrived at the Pentagon on Monday, which is reserved for valued guests. (more...)
Emilie de Ravin Tweets Outrage After Airline's Handling Of Breast Pump Carry-On Emilie de Ravin Tweets Outrage After Airline's Handling Of Breast Pump Carry-On
- September 03, 2016

Emilie de Ravin , 34, said she was boarding a flight out of LAX on September 1, and holding her breast pump carry-on, when a female flight attendant using "physical force" to grab it from her. "By and @AmericanAir female employee..." On Friday, American Airlines released a statement to Page Six regarding de Ravin's complaint. The extra bag was for the pump, which she's allowed to bring since it's considered a medical device. (more...)
United Kingdom construction downturn eases more than expected in August: PMI
- September 03, 2016

Purchasing prices rose at the fastest pace for just over five years amid reports that exchange rate depreciation had acted as a catalyst for increased charges among suppliers of construction materials . "Firms reduced their purchasing volumes as a result, as new orders and activity continued to fall - though at a more moderate rate compared to last month". (more...)
Irish Cabinet Agrees to Appeal EU's Apple Ruling
- September 03, 2016

Apple , keen to defend its own interests, has already said it will lodge an appeal. "They just picked a number from I don't know where", he said, adding that Apple pays 26 percent per year on its global profits. The US also criticized the decision, but more from the perspective that Apple should be paying these taxes to the US, rather than Ireland. In an interview with CNBC , Fitbit Chief Executive, James Park, said the tax situation in Ireland is just one small factor in the ... (more...)
Hurricane Hermine: Florida lashed by first tropical cyclone in 11 years
- September 03, 2016

The City of Tallahassee reported that at least 35,000 city utility customers were without power, and trees were down. The good news to report is that so far there have been no storm related deaths to report, with Hermine having made landfall just after 12:30 a.m. (more...)
Holt, Wallace among presidential debate moderators
- September 03, 2016

The Sept. 26 and October 19 debates, as well as the vice presidential one, will include topics selected by moderators and announced at least one week before the debate. Advocate reports that half of the questions asked will be posed by uncommitted voters in the audience. Lester Holt , Martha Raddatz, Anderson Cooper and Chris Wallace will be the moderators for the three presidential debates in September and October, the Commission on Presidential Debates said Friday. (more...)

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