Financial investment power house Goldman Sach (GS); is in negotiations to aquire B&B Hotels and all its subsidiary chains. They will be acquiring the chain from PAI Partners (French hospitality investment firm).
The purchase will happen in the latter part of 2019. The deal is supposed to be worth around $2.2 billion (USD). B&B Hotels has over 486 hotels (in total). The company was founded in 1990 and operates in the hospitality market in countries such as Brazil, Morrocco, and many Euro countries.
GS merchant banking division will be pursuing the close of the transaction, which is supposedly going to happen later this year (2019). -SB
Uber the rideshare tech company, its stock tanked on its first official trading day on the NYSE, Friday, May 10, 2019 will be a day of turmoil on the Uber corporate calendar. It was a horrible trading day for the mammoth ride sharing tech company.
Uber declined close to 8% during the stock market trading day. The stock plummeting so much (in which it did), is the first time any stock has come out the gates on Wall St and lost so much market share. The valuation of Uber was at $76 billion dollars, when analysts had predicted that it would be valued around $90-$100 billion dollars, well that didn’t happen. Not only that, Uber has been bleeding money and the perception is that, Uber won’t actually make any real money until the year 2024, hopefully.
Uber being one of the biggest IPO companies probably since Alibaba, Facebook and a few others. So it to falter as it did was a shocker to some and to others, not so much. Technology companies tend not to fare well in the beginning of their IPO presence. Facebook had a rocky start coming out the gates and other big tech companies before it, have gone through similar revelations.
It’s the test of time that will dictate the longevity of Uber’s existence and if they can navigate their ship in theses rough and turbulent stock market waters. -SB
End of the year review for(2018)….. THE CAST Podcast or the #gangangang, Sammy BE & Luisa L. (missing Savannah Bee this episode), closed out the year with a bang.
gang discussed various topics that happened in 2018 and their thoughts
and views on certain topics. They also had a special guest, Busta Scher @Bustacher, who is a young social media talent on the world wide web. Busta
is the young social media talent, who actually develops social media
for the NBA. He created an online platform called HoopsNation @HoopsNation;
that focuses on high caliber star quality high school, college
basketball recruits, along with NBA superstardom. His platform has
allowed him to be the premier “social media go to guy” for the NBA
(National Basketball Association).
This is an end of year wrap up for 2018, that you don’t want to miss.. Happy New Year 2019 by the way…..
Wrap up of 2018 episode, Sammy BE (Bizman Bassey), James Lyman &
on the boards, magic Jon Don Sterling. The trio discussed topics and
issues ranging from economy, business, trade, and a little politics, for
the year of 2018.
Sammy and James spoke on the trade policies
with China, the new USMCA Trade Agreement between USA, Mexico, &
Canada (replacing of NAFTA). Problems that may have handicapped General
Motors (GM); Saudi Arabia policy & reporter death of Jamal
Khashoggi. The gentlemen ended of the 2018 year speaking of the
improving US economy (GDP) and the new Congress (Democratic House,
Republican led Senate), that will be entering in January 2019.
This a mouthful that you don’t want to miss, ending of 2018 wrap up episode…. Happy New Year… See You In 2019
The EFR Podcast Ep. #29, James Lymon, Jon Don Sterling “On The Boards” and me Sammy BE ,brought you a great podcast. We interviewed a well known comedian and online sensation. This individual has captured hundreds of thousands of followers on the gram (IG) and his presence is known on the internet.
The EFR Podcast had a pleasure of interviewing Rodney Hassell, and his journey developing a comedic presence on social media platforms like IG and twitter, along with his development in attaining a growing audience.
Rodney discussed with us the business aspect and opportunities that can come with being popular on social media, and how it can assist an up and comer’s career or media profile forward. This was an interview you don’t want to miss listening to.
1) The arrest of a top Chinese executive of Huawei, a major Chinese high technology company, caused world markets, including the Dow, to fall. The Dow dropped 777 points before news that the Feds planned to slow down on increasing the interest rate was announced.
2) Research finds that millennials don’t have the money to spend that previous generations had. The assumption has been a shift in spending habits, but with a millennial male making $6,600 dollars less than 1978 men, it appears they just don’t have the disposable income. Working women haven’t made up the difference, opening the question about the future viability of our hyper-consumerism economy.
3) The EPA is expected to rollback back emission standards allowing coal fire powerplants to operate again without having to remove the carbon dioxide from burning coal.
4) 6 DEC 18 Stock market closings:
Dow 24,947.67 down 79.40
Nasdaq 7,188.26 up 29.83
S&P 500 2,695.95 down 4.11
1) President Trump continues to play hardball with China to hammer out a trade agreement more favorable and equitable to the United States. But he did praise China for taking new measures to control addictive drugs into America.
2) Facebook finds itself under the gun for giving personal data to select users. New documents have surfaced showing that Facebook intended for these select users to have wide spread access to data in exchange for advertising on Facebook. Facebook is adamant they didn’t sell any personal data to any third parties, but nevertheless, they profited from providing data.
3) Price increases are spreading broadly through the economy, driven by tariffs and the trade war. Furthermore, the interest rate is expected to rise again in December, which may put further pressure to raise prices. Chinese tariffs have had a very adverse effects on American agriculture.
4) 4 DEC 18 Stock market closings: Markets closed.
1) World stock markets fell dramatically, the Dow down 800 points, a result of uncertainty about China and American trade war. There wasn’t any signing of agreements at G20, nor has China made any public statements about resolving the conflict since then, adding to the uncertainty. Also contributing are fears of the American economy sliding downward in the near future.
2) A recall of 12 million pounds of beef because of salmonella outbreak, has stretched across the country. So far, there has been 240 cases of infection in 6 states.
3) New carbon taxes in France aimed at reducing global warming effects has resulted in extensive riots forcing France to back off the taxes.
4) 4 DEC 18 Stock market closings: The stock market is like a rectal thermometer- rude and crude, but surprisingly effective in showing sickness.
Dow 25,027.07 down 799.36
Nasdaq 7,158.43 down 283.09
S&P 500 2,700.06 down 90.31
1) Qatar announced they are dropping out of OPEC to focus on natural gas production, which is what their oil fields mostly produce. Being a small producer of oil, Qatar considered itself too small to be a part of OPEC, despite being a member for 57 years.
2) For the best bets in the stock market during this next 90 days of trade war truce, experts are saying to watch where China spends money in the US that best strengthens it’s position with America. Look for such things as agriculture products like pork and grains, and big ticket machinery such as construction equipment and aircraft.
3) Walmart is buying robots, autonomous floor scrubbing machines, and will have 360 units in stores by end of January. Walmart is already using robots which scan for ‘out of stock’ items on shelves. Both robots operate by themselves on the store floor while customers are present.
4) 3 DEC 18 Stock market closings: Oil prices rise as Saudi Arabia and Russia agree to limit oil production.
Dow 25,826.43 up 287.97
Nasdaq 7,441.51 up 110.98
S&P 500 2,790.37 up 30.20
1) President Trump has signed USMCA, the new trade agreement with Mexico which will replace the NAFTA, the current agreement.
2) Microsoft has been awarded a $480 million dollar contract from the military to adapt their HoloLens for virtual reality training and combat. This could mean sales of up to 100,000 units.
3) Microsoft surpassed Apple as the most valuable publicly traded company, closing with a total stock value of $851.2 billion compared to Apple’s value of $847.4 billion. Apple’s stock dropped 20% last month.
4) 30 NOV 18 Stock market closings: Ninety day truce of American-China trade war is expected to boost markets.
Dow 25,538.46 up 199.62
Nasdaq 7,330.54 up 57.45
S&P 500 2,760.17 up 22.41