1) The United States announced that economic exemptions for Iran oil will be invalid starting the second of May. There are eight countries with exemptions, Asian nations who would suffered hardships from the oil sanctions, but some have already foregone their exemption status. China and India will be the hardest hit from no longer being exempt from Iranian oil sanctions.
2) The Trump administration is cracking down on zero-down home loans from the national affordable housing programs. Fears are mounting over the $1.3 trillion dollar Federally insured home mortgages, stemming from the 2008 housing crash which cost $17 billion dollars from defaults.
3) Executives of automotive manufactures are very concerned about new car sales, considering that at best, stagnation will occur in 2019. For the first three months, new auto sales have been down, they considering that the auto industry having reached a plateau. With half the new auto sales being SUV’s and crossovers, verses only one third for traditional sedans with many models being phase out, there are concerns over the typical new auto costing $34,000 to $35,000. Rising high prices are increasing putting new cars out of the reach of the average American.
4) 22 APR 19 Stock market closings:
Dow 26,511.05 down 48.49 Nasdaq 8,015.27 up 17.20 S&P 500 2,907.97 up 2.94
1) New Jeep Wranglers are being offered for as much as $9,500 dollars off list price. There is an over supply of leftover JL Wranglers, which makes for some really good deals for auto buyers wanting a traditional style SUV.
2) Panama disease is a highly contagious infection which is ravaging banana plantations across the world from Asia to Australia. The Philippines has suffered $400 million dollars in losses, where the world banana cultivation is a $44 billion dollar industry involving the livelihood of 400 million people.
3) Japan’s Mitsubishi Aircraft it about to build Japan’s first airliner in fifty years, to compete with Boeing and Airbus. The small 88 passenger airliner is for the regional air carrier business. Other small aircraft manufactures are also getting into the small carrier airline business betting they can build smaller, simpler and cheaper airliners than Boeing or Airbus.
We are back like we never left of course, we had the pleasure of interviewing hip hop artist and musician Yoson Tala @Yoson_Tala007. Many people might know Yoson from being on tv shows, such as the @BadGirlsClub (Oxygen) & hit tv show on Fox @EmpireFox, he has been featured on Showtime’s @ShoTheChi & NBC’s @NBCChicagoFire, just to name a few.
Yoson @Yoson_Tala007 came on #TheCast
to discuss his musical endeavors, taping current episodes for Empire,
his upbringing in Gary, Indiana and Chicago, IL, as well as what strip
clubs he enjoys (Luisa L @LuisaModels chimes in * ;)* wink*….and much more ..
1) Amazon announced it is shutting down its store in China, and instead will focus on cross boarder global sales to China. Amazon cited the high competition in China from local companies, with 80% coming from Alibaba, the giant Chinese online retailer.
2) The magazine National Enquirer is being sold for $100 million dollars, along with two sister publications to reduce the $355 million dollar debt of the holding company AMI. National Enquirer sales have dropped by half over the last four years.
3) Sprint, the wireless carrier, has revealed they are not as strong a performer as the public had been lead to believe. In a proposed merger with T-Mobile, Sprint had to make full disclosure with regulators, disclosing that many of their added new connections were actually free lines.
4) 18 APR 19 Stock market closings:
Dow 26,559.54 up 110.00 Nasdaq 7,998.06 up 1.98 S&P 500 2,905.03 up 4.58
1) The British business climate is expected to get worst after Brexit. A survey of chief finical officers finds that a full 80% consider Britain’s economy will slump after Brexit, especially if an unplanned exit occurs. The long term outlook for investment is poor, so with little investment, the economy will flatten.
2) Battle lines of banking are being drawn in China between virtual banks and conventional banks. A banking shakeup is in progress between hi-tech companies and traditional banks, who find it hard to quickly react to the challenges of virtual banks, much as with Amazon is to retailing or Urber is to transportation.
3) The auto maker Mercedes-Benz is being investigated for software cheating of emissions test. Germany has ordered recall of 238,000 cars using illegal software to defeat government testing for compliance of emissions standards.
4) 15 APR 19 Stock market closings:
Dow 26,384.77 down 27.53 Nasdaq 7,976.01 down 8.15 S&P 500 2,905.58 down 1.83
1) The European Union has offered to extended the exit date in an effort to avoid a unplanned crash-out. Prime Minister May asked for an extension to 30 June, but the EU countered with a offer for a one year extension, which could be terminated early if an exit plan is agreed upon before the one year is up.
2) Samsung has forecast the lowest quarter profits in more than two years. The first quarter outlook looks ugly with a 15% decline from last years first quarter. The poor performance is a result of poor semiconductor sales coupled with a slowing growth in the smart phone market.
3) New jobs in March is six times that of February. The US added 196,000 new jobs, many claiming this indicates solid growth in the economy, and therefore the economy is doing just fine. But some worry about the unemployment rate holding steady, because an upturn in the unemployment rate usually signals a recession in the near future.
4) 5 APR 10 Stock market closings:
Dow 26,424.99 up 40.36 Nasdaq 7,938.69 up 46.91 S&P 500 2,892.74 up 13.35
1) Oil hits its highest for 2019 as demand outlook improves, spurred on by positive manufacture PMI numbers for China and US, both the worlds largest economies. This caused US stocks to rally, in addition to China-US trade talks continuing. Additionally, OPEC has cut it’s production while sanctions on Iran and Venezuela add to pushing oil prices up.
2) The breakfast cereal company Kellogg is selling several of its brands for $1.3 billion dollars, divesting itself of its cookies and sweet brands as sugary fast foods seemed to be on the decline. Brands being sold include Keebler cookies as well as Mother’s and Famous Amos cookies. The Italian confectionary company Ferrero will acquire six manufacturing plants in the US from the deal.
3) The low cost Iceland air carrier WOW Airline, which started up in 2012, suddenly collapsed fiscally leaving an estimated 10,000 people stranded. The airline abruptly ceased operations by repeatedly delaying flights for hours on end, until finally announcing that all flights were canceled and customers would have to make other arrangements on their own. There had been rumors for the last several months of a possible sale of WOW Airline.
4) 1 APR 19 Stock market closings:
Dow 26,258.42 up 329.74 Nasdaq 7,828.91 up 99.59 S&P 500 2,867.19 up 32.79
1) British parliament voted to take control of Brexit for one day this Wednesday, to try their hand at resolving Britain’s dilemma of departing the European Union. If the division running through the British public is any indicator, then it’s rather unlikely parliament will reach any consensus on a solution.
2) Airbus of France announced a $35 billion dollar sale to China for 290 of their A320 airliners plus another 10 of their A350 wide body airliners. This is another blow to Boeing in addition to the grounding of their best seller, the 737 MAX 8, which is comparable to the A320. The grounding of the 737 MAX 8 coupled with the fallout from the US-China’s trade war is a serious impediment to Boeing. China is the world’s largest aviation market.
3) Apple sales in China has declined due to demand for domestic products. Apple products have become too expensive, so the Chinese people are turning to domestic products which now have most of the same features as Apple for much less.
4) 26 MAR 19 Stock market closings:
Dow 25,657.73 up 140.90 Nasdaq 7,691.52 up 53.98 S&P 500 2,818.46 up 20.10
1) The English pound has had its biggest single day drop because of Brexit. Brexit will be delayed until May the twenty-second if the British Parliament passes the exit deal.
2) Boeing has experience its first cancellation of its 737 MAX with Indonesia canceling a huge order of 49 aircraft. Boeing is rushing to complete its new warning system since the 737 MAX is its biggest seller.
3) Pinterest files for its IPO, releasing its prospectus this last Friday showing a $53 million dollar loss. Presently, the software has about 265 million users. Uber also plans to list its IPO on the New York Stock Exchange, the largest so far this year.
4) 22 MAR 19 Stock market closings: Dow dropped over fears of a global slowdown.
Dow 25,502.32 down 460.19 Nasdaq 7,642.67 down 196.29 S&P 500 2,800.71 down 54.17