1) Nigeria may become the superpower of Africa, repeating the economic miracle of China and India. While investors are not moving into Nigeria yet, they are watching. Like China and India, Nigeria was once a colony of the west, and like India, was a colony of the British, and just like India its language is English. Right now, Nigeria is economically where China was forty years ago, before Mao Zedong died and Deng Xiaoping deregulated the economy to unleash it. For many other reasons, Nigeria is set to repeat the economic miracle of China.
2) House mortgage applications has soared to its highest level in eleven years, for new homes and refinance. Applications are up 30.2% from last week, and are 109% higher than a year ago. The interest rates are under 4% , combining with a rosy economic outlook and high employment causing home buyers to rush into the market. This is causing a near record low supply of housing across America, pushing prices up.
3) Retailer giant Target didn’t have a strong holiday sales in their toy departments, less than what was expected. This is ringing alarm bells for the entire industry. While Target gained market share in toys, its toy sales were flat over the 2019 holidays compared to last year. Toy makers like Hasbro, Mattel and Spin Master are offering a smaller variety of toys and games, a result in part from the bankruptcy of Toys-R-Us. Increasingly, toy sales is going to online retailers such as Amazon.
4) Stock market closings for – 15 JAN 20:
Dow 29,030.22 up 90.55 Nasdaq 9,258.70 up 7.37 S&P 500 3,289.29 up 6.14
Breaking News: Tesla Inc market value has now surpassed both legendary Ford Motors and General Motors company market values combined.
January 8, 2020 (Wednesday) Tesla Inc had a market cap of $89 billion, approx 2 more billion dollars then Ford Motors ($50 billion) and General Motors ($37 billion) combined.
Many of Tesla Inc’s attributes for rising market cap has to be with a profitable 3rd quarter the electrical auto maker had; also surpassing auto deliveries in the Chinese market, while also having its stock more then double over the past few months. These all seem to be contributing factors to its increased market cap currently.
With all the accolades Tesla has achieved, there are skeptics in the investment community who believe the company will not able to sustain cash flow nor provide more profitability in the next few years.
New snapping, dissing, cracking jokes battle competition….. 1st episode had @powerofcaptainravel (Raheem Hamilton) VS. @mickeyhousley (Mickey Housley) going at it, for the dissing and snapping title, in these NYC streets…. CHECK THE BATTLE OUT ABOVE……….
The Platforms: IG/Twit: @ecofiretv Soundcloud.com/Economic-FinanceReport EconomicandFinanceReport.com
The Big Ep. #10
is huggeeeeeeeeeeeeee (*Prez Donald Trump voice here*). We had the
pleasure interviewing a youtube sensation & internet presenter, who
brings all the relevant show biz and internet news to your tube (Youtube
that is ;).
had the pleasure of interviewing Youtube’s very own Nique at Nite
(Nique Laclaire). Nique has been making waves on youtube and on the
internet, her youtube page @NiqueatNite
has accumulated over 170k (170,000) followers. Nightly, Nique presents
show biz, entertainment news and gossip (with a few drama stories here
and there), but her content has been well received by the public and her
Nique interviewed with us and brought insight about
the Youtube game (hussle & bussle)and her attributes on being
successful on Youtube. She explained the Do’s & Don’t on what to do
& not to do on Youtube, and the policies that Youtube/Google keep