5 November 2018

1) Department of Justice is investigating technical theft against Micron Inc. of their high capacity RAM technology, as part of the economic trade war

2) The number of new jobs for October was 250,000, while unemployment remains at 3.7%. The strong labor reports were enhanced by the 3.1% wage increase.  With consumerism making up 2/3 of the economy these three numbers are very encouraging.

3) The United States restores harsh sanctions to deprived Iran of revenues being used for terror and weapons development.  Europe is backing the original sanctions, although reportedly there are eight countries who are exempt from purchasing oil from Iran.

4) 2 NOV 18    Stock market closings:   Markets drop because Apple was down 7%.

Dow                 25,270.83     down     109.91
Nasdaq              7,356.99     down       77.06
S&P 500             2,723.06     down       17.31

10 Year Yield:     up   at    3.21%

Oil:     down    at    $62.86

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