1) Boeing has not received any new orders for its 737 since its grounding, in addition, Boeing has had 100 cancellations of orders. Its stock is down 19%, but worst its stockholders have filed a law suit against Boeing claiming the company has defrauded its investors because Boeing failed to disclosed safety issues concerning their 737 MAX-8.
2) British Prime Minister May has asked the EU (European Union) for a second extension. Britain will be leaving the EU this Friday if an extension is not granted, so the EU held an emergency summit to consider warnings that a crash-out might cause a recession. Last reports are that the EU will grant an extension to 31 October this year.
3) The ECB (European Central Bank) will leave interest rates steady, forecasting no change for 2019. The ECB is being forced to backtrack on its tightening monetary policy as signs of a world economic slowdown are increasing.
4) 10 APR 19 Stock market closing:
Dow 26,157.16 up 6.58 Nasdaq 7,964.24 up 54.97 S&P 500 2,888.21 up 10.01
Webisode episode #3, Sammy BE meets with a potential business partner “Alexis” (Armentha “Hazel” Carrington), to discuss partnering on a business venture, as well as conjuring up investment ideas and business as usual; this is an episode you have to watch….Peep GAME… & remember “REAL RECOGNIZE DEALS” . -SB
It seems that Nigeria has been on a roll this year, as far as stock indexes are concerned. Nigerian stocks returned 12% to investors in 2017. The largest percent ratio in global stock indices for 2017.
Nigeria recently got out of an economic recession, a recession that has not occurred in the country in the last twenty five years, so for stocks to be hitting record highs while also climbing out of a recession is a plausible feat.
2018 has begun, so will Nigeria markets continue to flourish? This may be the beginning. -SB
Jeff Bezos is the richest person in the world ever. He has amassed a net worth of $105 million dollars (as of Monday, January 8, 2018).
Mr. Bezos has accumulated alot of his wealth amassing a diversified portfolio, which includes majority ownership stakes in Amazon; a company he created, Whole Foods, & Washington Post, just to name a few. -SB
Ray Dalio founder and CEO of the world’s largest hedgefund, Bridgewater Associates, has told investors to be mindful in going in the global markets. He indicates the economy will probably do well for the next couple of years but a downturn is also approaching, over the horizons. Bridgewater Associates LP manages a huge portfolio of over $150 billion in global investments and assets, around the world.
Dalio notes that the US economy under President Trump’s watch is doing well and corporate profits are doing better, but that rising debt has accumulated vastly and this needs to be monitored by companies and investors also. The severity of corporate debt and lack of employee rising wages; will place a shock in the economy in the future, and Mr. Dalio is making it mindful that this needs to be noted and evaluated, along with current market trends. -SB
South Africa has been hit the hardest from the fall out of Great Britain leaving the European Union. According to Moody’s, the international rating agency, South Africa capital short term, sees investors capital outflowing. Their exposure of global capital markets and investors pouring out cash from the country makes S. Africa very vulnerable. South Africa relies on capital going into the country to fund municipal projects and other government projects.
S. Africa currency underperformed after the Brexit vote in Sub Saharan Africa. South Africa depends on investors money to fund governmental projects and other national resources. -SB
If you viewers have been watching the reports of former Turing CEO Martin Shkreli, and his reported “ponzi scheme” that he has been maneuvering along securities fraud. His investors has spoken up indicating their discontent and suing him for squandering their money entirely.
On his twitter account Mr. Shkreli issued a statement indicating that the allegations brought against him by the SEC and federal prosecutors are baseless at best, and actually have no merit whatever.
Mr. Shkreli is the pharama CEO of Turing that produces drugs for HIV and Aids. He has become a villain within the past few months for raising AIDS medication Daraprim from $13.50-$750, more then 5,500% from its previous cost.
Politicians and other pharma companies, advacates and analysts have criticized Shkreli’s move in raising the price of Daraprim and he has been cast as a shrewd businessman by the international community and media.
Puerto Rico bondholders attained a huge legal win in Puerto Rico Supreme Court. The case involved bondholders to follow an unconstitutional Puerto Rico restructuring law. The law would have required the bondholders to accept restructuring law guidelines, as Puerto Rico figures ways to reduce their financial debt.
The bondholders in the case, Investment funds from OppenheimerFunds Inc, and Franklin Resources Inc, hold 1.5 billion dollars worth in Puerto Rico municipal bonds. A federal judge in San Juan, sided with the plaintiffs (bondholders) indicating that US Constitution and the federal bankruptcy law takes precedence over Puerto Rico’s restructuring law.
As of press time and of the current ruling of the case, the Puerto Rico government has stated that they were looking into the decision of the case and that they would be deciding what action to take on the ruling.
Potential gossip talks, suggest that Samsung is eyeing Blackberry for 7-8 billion dollar buyout. Executives from both sides met last week about this latest mobile technology acquisition.
Executives from Blackberry believe though for the deal to actually go through the # over $7 billion has to be initiated… Blackberry believes the company’s value is way more then the $7 billion dollars offered by any company, and they have turned down many deals within that price range as well.
The deal could come under scrutiny from investors, shareholders, and US regulators alike… Blackberry investors and shareholders deem the deal to be unreasonably too low an offer as indicated, and regulators would deem the deal doomed because Samsung does not have majority control as far as price shares in the company. So there are philosophical differences on all sides.
Though, we do not know all details of such a merger between both companies, and if it would even pan out, Samsung and Blackberry have engaged in a security pact between each other, which originated this past November. The security partnership aligns Blackberry’s security platform with Samsung’s security software…