12 April 2019

1) The ride service Uber’s long awaited IPO (Initial Public Offering) filing is being watched for. The IPO is coming just two weeks after Lyft’s IPO. Uber and Lyft have been running neck and neck in competition in the rider market.

2) Signs that the US economy is strengthening is indicated by the number of new jobs rebounding from February with 196,000 new jobs in March. The unemployment rate held steady at 3.8%, while consumers spending is also accelerating, another sign that the US economy is regaining momentum..

3) Disney corporation is entering the streaming competition against Netflex. The streaming service will be called Disney Plus. Right now, Disney also owns 60% of the Hulu streaming service. Disney Plus is coming out just when Netflix announced its price increases plus it’s the lowest cost of any of the streaming services.

4) 11 APR 19 Stock market closing:

Dow           26,143.05    down    14.11
Nasdaq        7,947.36    down    16.88
S&P 500       2,888.32          up      0.11

10 Year Yield:     up   at    2.50%

Oil:      down   at    $63.71

3 April 2019

1) Just two days after its IPO, Lyft stock price has dropped to $68 per share, which is $4 below it’s offering price of $72 per share. No bad news had been released about Lyft, it’s just that volatile stock prices is part of IPO’s.

2) Netflix prices to customer goes up this next month. Price increases is going to help pay for new program production. Netflix budgeted $8 billion dollars for new shows and movies in 2018 and expects a larger budget for 2019.

3) 2 APR 19 Stock market closings:

Dow               26,179.13     down    79.29
Nasdaq            7,848.69           up    19.78
S&P 500           2,867.24           up      0.05

10 Year Yield:    down   at    2.48%

Oil:    up   at    $62.59

11 March 2019

1) Netflix has a problem that could have a very major impact on its financial future. There is a debate in the movie industry, if Netflix movies should qualify for Oscars awards, that Netflix movie productions are really just television and so don’t qualify for Oscars. If works could not qualify for Oscars, then big name producers will be less inclined to produce blockbuster movies for Netflix. Netflix has been making multi-billion dollar investments for their content trying to bring high quality productions to its subscribers.

2) Household net worth has fallen by the largest amount since the 2008 Great Recession. The net worth is the measure of total assets such as homes, bank accounts and stocks minus the debts. Net worth declined 3.5% last quarter, driven in part by the poor performance of stock markets.

3) Elizabeth Warren wants to break up ‘Big Tech Companies’, specifically Amazon, Google, Facebook and Apple. She says ‘Big is bad, small is beautiful’ and is calling for major changes to the anti-trust laws.

4) 8 FEB 19 Stock market closings:

Dow               25,450.24    down    22.99
Nasdaq            7,408.14    down    13.32
S&P 500           2,743.07    down      5.86

10 Year Yield:    down   at    2.62%

Oil:    down   at    $56.04

22 January 2019

1) The new Congress may have profound future economic impact for America. New members of the Financial Services Committee includes members of the radical left of the democratic party, with very little experience in fiscal matters, but having a strong socialist agenda for reforms to the banking system. Fears for the impact are growing as these members expound on their desire to eliminate big banks in America.

2) Brexit is having an effect on British consumer spending. Reduce retail spending with retail sales falling 0.9% over concerns for consequence of Brexit uncertainty. Consumer spending had been strong during the summer of 2018.

3) Netflix is burning through its cash at a staggering rate to pay for their blockbuster original hits, having spent $3 billion dollars for productions in 2018. Their negative cash flow is expected to accelerate in 2019, but they are still adding new subscribers. All this to remain competitive with the other subscribers of Amazon, Hulu and Google with Apple, Disney and Warner Media also entering the market.

4) 18 JAN 19 Stock market closings:    China announced spending spree of America products, bumping the markets upward.

Dow                    24,706.35      up    336.25
Nasdaq                 7,157.23      up      72.77
S&P 500                2,670.71      up      34.75

10 Year Yield:    up   at   2.78%

Oil:      down   at    $53.76