New article posted below titled, “Millennials and China’s Drive for Oil”

1) Sinclair Broadcast Group, Inc. announced that the Sinclair – Tribune merger agreement has been termination. SBG had planned to compete with Fox News for the conservative news market.

2) New sanctions have been imposed on Russia in response to the apparent Russian nerve agent attack on political opponents in the United Kingdom.

3) The supermarket chain Kroger threatens to stop accepting Visa credit cards at some of its stores later this month. This is the latest move in an escalating battle between the biggest grocery store chain and the credit card company.

4) 9 AUG 18      Stock market closings:

Dow            25,509.23        down         74.52
Nasdaq         7,891.78              up           3.46
S&P 500        2,853.58        down           4.12

10 Year Yield      down   at    2.94%

Oil       down   at    $66.70

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