23 October 2020

1) Police in all 50 states are using secret tools to break into locked smart phones, not for just major felony crimes, but for cases such as low-level shoplifting. Police are using phone-cracking technology far more often than was previously known, often without any warrants. The police can use this technology to extract all of a person’s information, including photos, text messages, contacts, web browsing history and even where a person has been including at what times. These software tools are sold by firms such at Grayshift, Cellebrite, and AccessData, with police spending from $9,000 to more than $20,000 to buy and license the tools.

2) The Muslim fundamentalist attacker, who beheaded a French school teacher, is reported to have paid students to identify the teacher before the beheading, says the French prosecutor. The Chechen teenager beheaded the French teacher for showing caricatures of the Prophet Mohammad in class. It has also been confirmed that contact has been established between the teenager and an angry parent at the school, who had called on social media for the teacher to be fired.

3) The internet app Quibi, mostly a mobile streaming service that struggled to keep up with its own hype, is shutting down, a move coming less than seven months after it launched. Although the company has enough money to keep operating for a significant period of time, it has decided to make a graceful exit. The company will shop around to see if anyone wants to buy its assets over the coming months, and then it will return cash to its shareholders. Quibi launched in the US and Canada this last April as a service for watching videos on the go, just when the lock-down for the COVID pandemic started. The timing was a misfortune, and flawed strategies kept the service from reaching its ambitious growth goals, plus they underestimated the number of viewers interest in watching on TVs. The service competed with YouTube, the short-video specialist that is already drawing in more than 2 billion viewers every month.

4) Stock market closings for – 22 OCT 20:

Dow 28,363.66 up 152.84
Nasdaq 11,506.01 up 21.31
S&P 500 3,453.49 up 17.93

10 Year Yield: up at 0.85%

Oil: up at $40.61

25 September 2020

1) Tim Kendall, former Facebook director of monetization, says that Facebook “took a page from Big Tobacco’s play book, working to make our offering addictive at the outset.” The greater the usage of Facebook by people, the greater Facebook’s revenues, so it behooves the company to make its service as addictive at possible, as soon as possible with new people. But this drive to maximize engagements entails building algorithms that facilitate the spread of misinformation, encourages divisive rhetoric thereby laying the groundwork for a mental health crisis. While met to be a device for entertainment, Facebook is in fact tearing people apart with alarming speed and intensity. He fears that American’s are pushing ourselves to the brink of civil war. Presently, Section 230 is a law that makes social media platforms immune to legal liability for the content of users’ posts. But there are growing number of people calling for reforms.
2) California Governor Gavin Newsom has signed an executive order that bans the sale of all but electric and fuel cell cars by 2035. But legal experts say the order is ‘borderline worthless’, that there isn’t anyway to enforce it. The objective is to do away with the internal combustion engine in California by mandating an increasingly larger percentage of new car sales must be zero emissions machines starting with 2% for 1998, 5% by 2001, 10% for 2003 and etcetera. California auto dealers challenged the order in court and got it somewhat diluted. Nevertheless, it’s another step in the race to electrify California’s cars.
3) Half the people who lost their jobs from the pandemic are still unemployed, while 60% who did return to work have taken a cut in pay. As of 12 September, 12.6 million Americans are receiving unemployment benefits, with an unemployment rate at 8.4%. The lower income workers are more likely to still be unemployed. The bottom line, the virus crisis lead to a unprecedented loss of jobs and six months later, America is still a long ways from recovery. The crisis has caused a split in America’s labor force, the higher earners are going one direction while the lower paid ones are going another.
4) Stock market closings for – 24 SEP 20:
Dow 26,815.44 up 52.31
Nasdaq 10,672.27 up 39.28
S&P 500 3,246.59 up 9.67
10 Year Yield: down at 0.67%
Oil: up at $40.28

16 September 2020

1) A survey by Photonics and Harris Insights and Analytic, a market research company, has found that 35% of Americans would like to avoid traditional in-store shopping, another indication of how American consumerism is fundamentally changing. The traditional in-store sales are becoming less attractive to customers who are now less likely to browse. Retailing is responding by investing in new technologies and creating jobs to meet e-commerce. Now 37% of the fashion retailers are selling more through social media.

2) The aquatic-life theme park SeaWorld is laying off nearly 1,900 furloughed workers because of low attendance from the pandemic. These layoffs include 450 food service attendants, 270 park operation hosts, 121 performers and 18 senior trainers. SeaWorld furloughed 95% of its staff back in March, but long term success of the company has forced less optimistic forecast for the economic recovery time wise.

3) In the last six months, about 100,000 restaurants have had to close permanently as independently owned business struggle to make ends meet during the virus crisis. There are one in six restaurants across America that have closed in just a half a year. Another 40% of owners say it is unlikely their restaurant will still be in business six months from now. Presently, outdoor dining has allows many restaurants to maintain a sustainable revenue stream, but with winter approaching, much of this opportunity will disappear. Coronavirus restrictions limit the in-dinning to as little as 30% normal capacity, which means a drastic cut in sales and revenue to the point that many restaurants are unable to support themselves.

4) Stock market closings for – 15 SEP 20:

Dow 27,995.60 up 2.27
Nasdaq 11,190.32 up 133.67
S&P 500 3,401.20 up 17.66

10 Year Yield: up at 0.68%

Oil: down at $38.51

MICROSOFT TALK HEATS UP IN PURCHASING TIK TOK APP!!!!!!!!!!!!

By: Economic & Finance Report

Say it ain’t so….. Well there is a lot of chit chat and jibber jabber that Mr. or Ms. Internet Explorer (however you want to look at it); Microsoft Inc is exploring acquiring the famous social media app Tik Tok from China based ByteDance.

Talks began as the White House and President Trump are seriously considering banning the mega app, for US national security protocols and reasons. Analysts have indicated that Microsoft buying Tik Tok would be beneficial to the software conglomerate; allowing it to enter the social media space which Microsoft has dabbled in the past.

Experts have indicated that Tik Tok’s valuation seems to be exploding toward the upside and the purchase of Tik Tok by Microsoft or another tech company would make a lot of $en$e and $cent$. -SB

Image Source: News18.com

31 January 2020

1) Hallmark Greeting Cards is suffering a downturn in the brick-and-mortar retail industry, closing sixteen of its retail outlets across America. Social media is crushing the card business, so it’s no longer a viable business. People use to buy and send cards all the time, but now it’s all online. This is just another indicator of how the retail business is changing, more people doing their shopping on line.

2) Franchise businesses remain a popular strategy for people to start their own business, giving them the benefit of an established brand. About two-thirds of Americans say they want to start a small business, but fears of failure stop most, with good reason. About half the small business startups fail within five years, and two-thirds within ten years. Most businesses do not fail because they don’t make a profit, but rather because of insufficient cash flow problems.

3) Independent grocery stores and regional supermarket chains, who are already facing brutal competition and shrinking profits, now face losing a valuable source of sales- the food stamp recipients. New rules for SNAP (Supplemental Nutrition Assistance Program) could eliminate 700,000 people from eligibility. Loss of sales could result in reduce orders from suppliers, reducing labor in stores or the closing of stores. Grocery stores have a profit margin of only about 1 % to 2% leaving little room for changes in their sales volume.

4) Stock market closings for – 30 JAN 20:

Dow              28,859.44    up    124.99
Nasdaq          9,298.93    up      23.77
S&P 500         3,283.66    up      10.26

10 Year Yield:    down   at    1.56%

Oil:    down   at    $52.87

#THECASTPOD EP. #10 feat. Nique @ Nite : Youtuber Nation (Youtube Edition)

#TheCastPodcast Ep. #9: GLAMOUR COME UP feat. Xiomara The Model

The Cast Podcast Ep. #9: Glamour Come Up feat. Xiomara

“WE ALL HAVE A VOICE & OPINION. IT’S JUST HOW U USE YOURS”…..

As always, Be Bless, Stay Bless, God Bless

THE PLATFORMS BELOW:

1) www.instagram.com/EcoFireTV (Sammy BE)
www.twitter.com/EcoFireTV

2) www.instagram.com/LuisaModels (Luisa L.)
www.twitter.com/LuisaModels

3) www.EconomicandFinanceReport.com (Economic & Finance Blog)

4) @Economic-FinanceReport (Podcast/Online Show)

5) www.youtube.com/channel/UCWZo5bug…Nlb2VRfDCQ/videos (EFR.Tv Youtube)

6) www.SammyBuysHomes.com (Real Estate Investment)

7) www.TraderSoul.com (Financial Trading Website)

THE CAST PODCAST EP. #8 FEAT. HOLLYWOOD DOLLZ YOUTUBE ED.

THE CAST PODCAST FEAT. HOLLYWOOD DOLLS EP #8: BACK 2 SCHOOL

THE CAST PODCAST EP. #8 Feat. Hollywood Dollz: BACK 2 SCHOOL……..

We are back, like never before… Highly Missed But Never Forgotten….

# TheCast is back, U ALREADY KNOW..

Yours truly, Sammy BE @EcoFireTV, Luisa L. @LuisaModels & on the engineering consoles Jon “Da Don” Sterling @TheDramaBlock. We’re back with a solid podcast show featuring none other then the talented social media & music sensations, The Hollywood Dollz.

The Hollywood Dollz (Ocean @FamousOceann & Kung Fu @Only1KungFu) came through to bless THE CAST with an epic interview about their come up, and how they came to attain a young and expanding audience, that continues to grow and follow their every move…

You know I can’t forget about the trending topics of the past few weeks and other blazin’ topics. It’s #TheCast…. So Stay geared to this bonafide episode… Ep. #8: Back 2 School Edition….. #TheCast

“WE ALL HAVE A VOICE & OPINION. IT’S JUST HOW USE YOURS”…..

Image Credit: Hollywood Dollz

THE PLATFORMS BELOW:

1) www.instagram.com/EcoFireTV (Sammy BE)
www.twitter.com/EcoFireTV

2) www.instagram.com/LuisaModels (Luisa L.)
www.twitter.com/LuisaModels

3) www.EconomicandFinanceReport.com (Economic & Finance Blog)

4) www.soundcloud.com/Economic-FinanceReport (Podcast/Online Show)

5)www.youtube.com/channel/UCWZo5bug…Nlb2VRfDCQ/videos (EFR.Tv Youtube)

6)www.SammyBuysHomes.com (Real Estate Investment)

7) www.TraderSoul.com (Financial Trading Website)

THE CAST PODCAST EP. #7: CONTROLLING THE CHARTS FEAT. ELEXIS ANSLEY (YOUTUBE EDITION)…..

#TheCast Podcast Youtube video is up now, check it out… Featuring Billboard Charting Artist @ElexisAnsley…. Check the podcast episode below.