8 April 2019

1) The European Union has offered to extended the exit date in an effort to avoid a unplanned crash-out. Prime Minister May asked for an extension to 30 June, but the EU countered with a offer for a one year extension, which could be terminated early if an exit plan is agreed upon before the one year is up.

2) Samsung has forecast the lowest quarter profits in more than two years. The first quarter outlook looks ugly with a 15% decline from last years first quarter. The poor performance is a result of poor semiconductor sales coupled with a slowing growth in the smart phone market.

3) New jobs in March is six times that of February. The US added 196,000 new jobs, many claiming this indicates solid growth in the economy, and therefore the economy is doing just fine. But some worry about the unemployment rate holding steady, because an upturn in the unemployment rate usually signals a recession in the near future.

4) 5 APR 10 Stock market closings:

 Dow           26,424.99     up    40.36
Nasdaq        7,938.69     up    46.91
S&P 500       2,892.74     up     13.35

10 Year Yield:     down   at    2.50%

Oil:    up   at    $63.26

Samsung Note 7 Banned on UAE Flights……………….

samsung-7-note-ban

By: Economic & Finance Report

UAE Airlines has banned the Samsung Note 7 usage; as well as the charging of the phone on their airlines. The ban was issued by risk management of UAE airlines because the Samsung Note 7 has battery defects; in which the phone burns and explodes.

Other countries such as US, China, India, Europe, Singapore have all held special adversaries, either banning or discontinuation of using the Note 7 on commercial and domestic flights.

Because of the controversy surrounding the warnings of the Note 7, Samsung has issued a voluntary exchange program, in which customers can exchange their Note 7 phones, because of the faulty battery issue the phone seems to have. -SB

POTENTIAL BUYOUT DEAL…. SAMSUNG TALKS TO BLACKBERRY… MAJOR MOVES….

blackberry vs Samsung

BY: ECONOMIC & FINANCE REPORT

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…

-SB