1 March 2019

1) Apple announced they are laying off 190 people from their self driving car division. These includes forty hardware engineers, twelve software engineers and one machine shop technician. Speculation is that Apple is pulling out of the self driving car competition. They hadn’t actually built a working self driving car, rather they have reportedly concentrated on the sensors and software organic to such systems, which means they are behind the other developers.

2) The Brexit problem for Britain deepens as considerations are being made for Britain to extend the time when it’s exits from the European Union. No time for extensions has been agreed upon yet, although the Prime Minister has stated than it cannot be more than a few weeks. This is another example of the British’s concerns for the difficulties that face Britain’s exit.

3) Twenty-first Century Fox studios has been ordered to pay actors of the hit show “Bones”, $179 million dollars in punitive damages, which it withheld from profits promised to the actors.

4) 28 FEB 19 Stock market closings:

Dow                  25,916.00    down    69.16
Nasdaq               7,532.53    down    21.98
S&P 500              2,784.49    down      7.89

10 Year Yield:    up   at    2.71%

Oil:    down   at    $57.18

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