1) Coal consumption in America dropped sharply last year, reaching its lowest level since 1975, with power plants switching to cheaper natural gas and renewables. This shift has cut greenhouse gas emissions by more than 10%, but other sources also contribute to growing planet warming pollution last year. The U.S. is the second largest emitter of carbon dioxide in the world, as well as other greenhouse warming gases, contributing 14% of all annual greenhouse emissions.
2) The federal government is close to selling a group of nursing homes it took over eighteen months ago, a result of the biggest default in the history of a government mortgage insurance program which provides critical support to the nursing home industry. The previous owner defaulted on $146 million dollar worth of mortgages leaving the government to take possession of the facilities, which they have been working to find new owner-operators.
3) A new pizza making robot was unveiled at this year’s CES (Consumer Electronis Show) in Las Vegas, which attracts 200,000 people across the world. The machine is placed adjacent to the oven so pizzas automatically go in for cooking. The robot can make up to 300 12 inch customized pizzas an hour, while making consistent pies. Several companies are engaged in developing pizza robots including Little Caesar’s and Domino’s. The robots for the fast food industry is growing in response to demands for a minimum wage of $15 an hour for restaurant workers.
4) Stock market closings for – 7 JAN 202:
Dow 28,583.68 down 119.70 Nasdaq 9,068.58 down 2.88 S&P 500 3,237.18 down 9.10
1) Fears of a possible recession were dampened as stocks rose while Treaasury yields rebounded. The U.S. decision to extend a temporary reprieve to the Chinese telecom giant Huawein is credited with the change in markets. The Treasury notes appears to have broken out of the yield-curve inversion , which is a potential signal that a recession may be coming in the near future.
2) Delivery platforms like DoorDash, Uber Eats, Postmates and Grubhub have open new opportunities for America’s fast food industries. Previously, the only fast food delivered was pizza, but these new delivery services allows a wide range of foods to be delivered to customers at home or office. While it does open new opportunities for increased sales, the down side is the service could eat into restaurant’s profits and erode customer loyalty.
3) The retail giant Target, known for being the master of private label brands, is launching it’s own new food brand called ‘Good & Gather’. Due to start on the 15th of September, it will initially have 650 products, but will eventually expand to about 2,000 products, such as coffee, milk and eggs. Target describes their product line to be affordable and will replace present brands such as Simply Balanced and Archer Farms brands, while also reducing its Market Pantry line. For Target, using private label brands have been a way to boost profit margins while maintaining affordable prices. They’re a big asset in driving traffic to their stores.
4) Stock market closings for – 19 AUG 19:
Dow 26,135.79 up 249.78 Nasdaq 8,002.81 up 106.82 S&P 500 2,923.65 up 34.97
1) Managing Director Christine Lagarde of the IMF (International Monetary Fund) announced her resignation to become the next head of the European Central Bank. Her resignation from the global lender will be effective the twelfth of September. Lagarde’s second five year term as Managing Director of the IMF was not due to end until July 2021.
2) The pizza giant Domino’s Pizza is seeing its business eroded by food-delivery startups. Second quarter financial reports shows Domino’s sales fell short of analyst estimates causing its stock to drop as much as 7%. Services like GrubHub, DorrDash and EuberEats are cutting into Domino’s food-delivery business in recent years, a result of aggressive promotions and discounts, with Domino’s countering by speeding up its delivery time and expanding number of locations.
3) The electronic news magazine ‘60 Minutes’ had an interview this last Sunday with venture capitalist Kai-Fu Lee about the future of artificial intelligence and China’s efforts to dominate the emerging AI markets. Mr. Lee estimates that in the next fifteen to twenty-five years about 40% of the jobs will disappear from technology displacement. This is in keeping with the recent Osborne Report forecasting that as much as 47% of the jobs will disappear in the next 20 years. An example is the Navy has mandated that new ship designs must use automation to reduce crew sizes by 20%.
4) Stock market closings for – 16 JUL 19:
Dow 27,335.63 down 23.53 Nasdaq 8,222.80 down 35.39 S&P 500 3,004.04 down 10.26
1) The pizza giant Domino’s will test pizza delivery using fully autonomous vehicles in Houston. Domino’s has been exploring this technology for the last two years with robot cars that had standby drivers for safety, but these robots will be human free. The Silicon Valley startup Nuro, who has been working with the grocery chain Kroger testing home delivery service, will provide the automobiles. Customers will be able to make orders via their smart phones, track progress of the cars, then use their smart phone to unlock the robot car to obtain their pizza.
2) Boeing Aircraft Co., the manufacture of the grounded 737 MAX, announce they have not received one single order for new airliners at the Paris air show. Their rival Airbus recorded orders and options for 123 new planes. Overall orders for this year’s Paris air show is expected to be the lowest since 2016, with emphasis on defense spending.
3) President Trump announced he will meet with China’s Xi Jinping at the G-20 summit, raising hopes of resumption of Chinese-American trade talks and a deal which will resolve the current trade war. The President says he will have extended meetings next week at the G-20 conference in Japan. News of the meeting coupled with expectations of near future cuts in the interest rates boost confidence in the markets.
4) Stock market closings for- 18 JUN 19 Stocks rally on news of US-China trade talks.
Dow 26,465.54 up 353.01 Nasdaq 7,953.88 up 108.86 S&P 500 2,917.75 up 28.08