1) Citizens of Hong Kong have started moving assets offshore amid fears of a China takeover. China’s demand to extradite criminal suspects to face trial in China is seen as a political move to be able to more tightly control the population politically, by eliminating dissidents and political opposition. People of money are also fearing that China will clamp down on moving money out of the reach of the Chinese government. This move is heightening the tensions of China and western nations.
2) As a result of its legal entanglements from lawsuits alleging Roundup herbicide is a carcinogen, Bayer AG plans to invest almost $6 billion dollars in developing new chemical products to combat weeds over the next decade. Roundup is a product inherited by Bayer in its takeover of Monsanto Co. last year, which has driven its stock down by 50%.
3) The trade war between China and U.S. is having unexpected results of other countries taking up the manufacturing slack. This runs the risk of China permanently losing market share to America as well as China failing to archive its goal of becoming the worlds top global manufacturing base. This decreases China’s chances of becoming a technologically advance and innovative economy. China’s loss of their once famed ‘low pay for unskilled labor’ is further increasing the flight of factories to other countries.
4) Stock market closings for- 14 JUN 19:
Dow 26,089.61 down 17.16 Nasdaq 7,796.66 down 40.47 S&P 500 2,886.98 down 4.66
We’rrreeeeeeee back new episode of the EFR Podcast with your hosts Businessman Bassey (Sammy BE) @Ecofiretv, James Lyman @ObsoletePeople (finally getting a twitter handle), and on the engineering boards Jon “The Don” Sterling @TheDramaBlock.
trio discussed the tax season in the U.S. of A, month of April, as well
as topics ranging from President Donald J. Trump’s tax returns,
American citizen having to pay taxes (or if you don’t want to, face the
penalty & consequences), @ YOUR OWN RISK, of course.
as topics, such as Herman Cain & Stephen Moore possibly being
nominated for the prestigious Federal Reserve Board; then both gentlemen
dropping out from the nomination process; and plenty of more economic,
financial and business discussion topics…..
THE CAST PODCAST… Back at it again, with another banging episode for your ears. Sammy BE @EcoFireTV & Luisa L. @LuisaModels, along with Jon Don Sterling “On The Boards” @TheDramaBlock.
this podcast episode, we had a special guest interviewee. Our guest
happens to be a super manager in the music and entertainment game, her
clientele ranges from Bobby V. (Bobby Valentino), Houston, Texas rap
legend Scarface (Gheto Boys), R&B duo group Ruff Endz, as well as
her other major accolades; we were able to interview Ms. Melinda
Santiago from (The Santiago Firm).
Melinda was able to give THE
CAST PODCAST, insight into the music biz and particularly on how she
runs her business. She provided context of what young artists
(Millennials, Gen Z) need to do to be heard and gain exposure to a
She also provided the ups and downs of the
entertainment business, and the struggles women have in the music
business; but also the strong backbone she has, to be able to survive
and progress in this male dominated business and industry.
This is an episode you surely do not want to miss.
1) America had the fastest expanding GDP by growing 3.5% in the third quarter. The Feds hint that they might hold interest rates at present level, which would further stimulate growth.
2) There are threats of a partial government shutdown next week over funding for the border wall, the shutdown coming one week from this Friday.
3) Google is facing a $4 billion dollar fine for using smart phones to track people without their consent. Last May, Europe passed regulations controlling the use of digital technology with people, which allows them to level such a large fine. The American Congress is considering similar legislation to regulate the digital industry.
4) 28 NOV 18 Stock market closings: Biggest Dow rally in eight months.
Dow 25,366.43 up 617.70
Nasdaq 7,291.59 up 208.89
S&P 500 2,743.79 up 61.62
1) There are reports that Apple stock holds key to end market slide, that the markets can’t turn around until Apple is going up, because the markets are being driven by the tech stocks, and Apple is the lead technology stock. In the last two months, Apple stock has lost 25% of its value.
2) While home values have continued rising, the gains have shrunk to their lowest amount in the last two years.
3) Economy tiny houses are being offered in Silicon Valley costing $280,000. The houses are prefabricated units.
4) GM has spent $10 billion dollars in buying back its stock, but then cut jobs to save $4.5 billion dollars.
5) 27 NOV 18 Stock market closings:
Dow 24,748.73 up 108.49
Nasdaq 7,082.70 up 0.85
S&P 500 2,682.17 up 8.72
1) Global economic slowdown is due to rising interest rates and the trade war. The international slowdown is faster for other nations than for America, while England’s growth rate is slowing because of the additional problem of Brexit.
2) Government funding may run out on the seventh of December, when Congress might shut down the government over the boarder wall funding.
3) Worries are growing about high corporate debt, which might cause economic problems in the future, with corporate debt now totaling nine trillion dollars. Furthermore, increasing interest rates on debts may pull corporations down who are unable to service that debt. Corporate debt has double over the last decade.
4) 21 NOV 18 Stock market closings:
Dow 24,464.69 down 0.95
Nasdaq 6,972.25 up 63.43
S&P 500 2,649.93 up 8.04
1) Sudan is experiencing a sever cash availability problem because of its ongoing economic crisis, a result of taking their currency off the Pound (fixed exchanged rate) and letting it float.
2) England’s prime minister Theresa Mayhem is facing strong opposition to her proposed Brexit plan agreed to by negotiators. Most of the English parliament is voicing opposition to the plan, plus two cabinet ministers have resigned in protest. Britain will depart the EU (European Union) on 29 March 2019 regardless if an exit agreement has been agreed upon or accepted.
3) Electric scooters, two wheel skate boards with an electric motor, is a hot booming market growing across the country, with profits expected to follow.
4) 15 NOV 18 Stock market closings:
Dow 25,289.27 up 208.77
Nasdaq 7,259.03 up 122.64
S&P 500 2,730.20 up 28.62
1) Retailers plan for a blockbuster holiday season in sales that will top $1 trillion dollars for the first time this year.
2) China has an un-occupancy rate almost twice that of any other advance Asian country or the US, with 50 million homes unoccupied or 22% houses empty. This is a result of property speculation coming up short.
3) Oil prices continue their downward slide, now down 20% from its recent peak. This is the 10th consecutive decline and matching the longest skid since 1984. In turn, stock markets, both domestic and international markets have seen a decline in prices.
4) 9 NOV 18 Stock market closings: Oil supply increasing as demand drops.
Dow 25,989.30 down 201.92
Nasdaq 7,406.90 down 123.98
S&P 500 2,781.01 down 25.82
1) Eighteen states will increase their minimum wage starting in 2019, but eight of these states will have smaller initial increases with automatic increases that adjust the minimum wage to keep pace with price growth.
2) Amazon’s ‘Alexa’ has been reprogram to speak Spanish, so is being released for sale in Mexico as Amazon expands into the Mexican market.
3) The Federal Reserve has held interest rates the same, but signaled that most likely it will be increased this next month.
4) Amazon plans to split it’s new headquarters (HQ2) between two cities, Long Island City in New York and Arlington, Virginia.
5) 8 NOV 18 Stock market closings:
Dow 26,191.22 up 10.92
Nasdaq 7,530.88 down 39.87
S&P 500 2,806.83 down 7.06
New article posted below titled “The Monopoly Game for Millennials”
1) The US government will issue $1.34 Trillion dollars of debt in 2018, the highest since the recession. Debt issuance has jump 146% from 2017, with the 2019 debt issuance anticipated to be $1 Trillion dollars, and excesses of $1 Trillion dollars in the following four years.
2) Analysis say Sears mistake, that has resulted in its financial woes, was spending $6 Billion dollars for stock buy backs. If that cash had been used to revamp stores, reduce Sears debt and for working capital, their financial crisis may have been averted. Sears stock has lost 99% of its value and is now considered worthless.
3) Disney’s first cruise out of New Orleans was sold out in just one hour. Disney is the home port for the cruise ship, and other cruise lines are watching closely considering New Orleans as their port too.
4) 30 OCT 18 Stock price closings:
Dow 24,874.64 up 431.72
Nasdaq 7,161.65 up 111.36
S&P 500 2,682.63 up 41.38