Golden Crosses, Tech Wrecks, & Confidence Crumbles

Investors clung to the positivity of The Dow today, ignoring the recessionary indications from sentiment indicators, tumble in earnings expectations, Nasdaq slump, and bod for safe-haven bonds and bullion… remember again "The Dow was green… Don't forget the FOMC 'Drift'"…

China tech stocks tumbled overnight as Huawei headlines rippled through Asian suppliers

European stocks rebounded with UK's FTSE leading (closed before all the amendments were voted on)

US markets were very mixed with The Dow positively diverging from Nasdaq at the cash open, then all tumbling together into the European close

The Dow desperately clung to green into the close as Small Caps, S&P and Nasdaq all ended red…Trannies outperformed

It appears for now that the squeeze has run out of ammo

CAT rebounded modestly from yesterday's ugliness but NVDA did not.

Credit spreads compressed today but VIX was flat.

Bonds were bid today safe-havens rallied on Nasdaq weakness. Notably, the long-end continues to underperform.

For the second day in a row, the dollar trod water in a very narrow range

Cryptos dropped and popped on the day but remain lower on the week

Crude (ahead of API inventory data) and Copper rebounded today and PMs rallied

Spot Gold surged to 8-month highs today as gold futures triggered a 'GOLDEN CROSS' pattern (50DMA crossing upwards thru the 200DMA)**

Rest at link with plenty of charts

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** Major technical signal here…MAJOR

https://www.zerohedge.com/news/2019-01-29/golden-crosses-tech-wrecks-confidence-crumbles

>>4954990

eBay Inc. Reports Fourth Quarter and Full Year 2018 Results and Announces Capital Structure Evolution

• Revenue of $2.9 billion**

• GAAP and Non-GAAP EPS per diluted share of $0.80 and $0.71, respectively, on a continuing operations basis

• Repurchased approximately $1.5 billion of common stock in Q4 and $4.5 billion of common stock in 2018

• Initiating a quarterly dividend of $0.14 per share and expanding share repurchase authorization by an additional $4.0 billion

• Expect to return approximately $7.0 billion to shareholders through dividends and repurchases over the next two years, with approximately $5.5 billion to be returned in 2019

SAN JOSE, Calif., Jan. 29, 2019 /PRNewswire/ – eBay Inc. (EBAY), a global commerce leader, delivered revenue for the quarter ended December 31, 2018 of $2.9 billion, increasing 6% on both an as-reported basis and a foreign exchange (FX) neutral basis, primarily driven by gross merchandise volume (GMV) of $24.6 billion, up 1% on an as-reported basis and 2% on a FX-Neutral basis.

During the quarter, eBay delivered GAAP net income from continuing operations of $763 million, or $0.80 per diluted share and Non-GAAP net income from continuing operations of $670 million, or $0.71 per diluted share. The company generated $1.2 billion of operating cash flow and $1.1 billion of free cash flow from continuing operations while also repurchasing approximately $1.5 billion of its common stock in the quarter.**

In the fourth quarter, eBay grew active buyers by 4% across its platforms, for a total of 179 million global active buyers. Underlying total eBay performance, the Marketplace platforms delivered $2.3 billion of revenue and $23.2 billion of GMV. Marketplace revenue growth was 7% on an as-reported basis and 6% on a FX-Neutral basis, and GMV was up 1% on an as-reported basis and 3% on a FX-Neutral basis. StubHub drove revenue of $314 million, up 2% on both an as-reported and FX-Neutral basis, and GMV of $1.4 billion, down 2% on an as-reported basis and down 1% on a FX-Neutral basis.

AH Trade

34.99 +1.30 (3.86%)

After hours: 4:27PM EST

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**You would look good too if you bought that amount. All it does is inflate EPS because there are less shares to run your report against

>>4955113

sauce

https://finance.yahoo.com/news/ebay-beats-sales-estimates-holiday-212039194.html

Bankrupt PG&E Seeks To Pay $130 Million In 2018 Bonuses

Perhaps the only people less worthy of receiving a bonus of any kind than the Moody's and S&P analysts who as recently as three weeks ago rated now bankrupt PG&E as investment grade is the management of PG&E, which one year after the most destructive fire in California history sparked, literally, another "most destructive fire in history" with no hedges or fallbacks in place. And yet as part of its first day bankruptcy motion, the California utility that filed for bankruptcy early on Tuesday is seeking to pay employees about $130 million in performance bonuses for last year, an amount which is due to be paid in March 2019.

According to compensation and benefits court filing, the company - which is facing $51.7 billion in total debts - said that the bonuses "are critical to ensuring that employees stay motivated." About 14,000 employees are eligible for short-term incentive plan cash awards for 2018, for achieving performance targets and individual goals. The payouts range from about $5,000 to $90,000 per person, not including senior officers and directors.

PG&E also said it wants to maintain a rewards program that gives gift cards to workers who go "above and beyond" their regular duties, at a total cost of about $15.2 million a year; the company is also seeking to pay out $650,000 in outstanding awards.

In separate filings, PG&E said it will keep paying $327 million annually for pension benefits. The decision to keep paying into its pension plan means about 54,000 current and former employees are unlikely to be drawn into the bankruptcy case, company says in court papers.

The utility also pays $109.2 million annually in 401(k) matching funds for 22,000 current employees and $28.3 million annually toward retiree health care, and has asked the court to keep such payments.

Also of note, the company’s $5.5 DIP loan (which was arranged by J.P.Morgan, Bank of America, Barclays, Citi, BNP Paribas, Credit Suisse, Goldman Sachs, MUFG Union Bank and Wells Fargo) doesn’t set any deadlines for PG&E to sell assets or adopt a detailed reorganization plan, which gives the utility far more freedom than most companies operating in Chapter 11. In fact, one can almost claim that the only limitation imposed upon PG&E is for litigants to seek relief for the tens of billions in legal fees that they will be entitled to as a result of the deadly California fires.

https://www.zerohedge.com/news/2019-01-29/bankrupt-pge-seeks-pay-130-million-2018-bonuses

>>4955169

enjoyed it while it went on even though I knew it was all fake. your id though

EXCLUSIVE: Calif. board of trustees scraps Pledge of Allegiance over 'white nationalism' history

Robert Miller, president of the Santa Barbara City College Board of Trustees, said that the board would no longer be reciting the pledge, claiming that it was “steeped in expressions of nativism and white nationalism.”

A former adjunct professor and former SBCC student have some different opinions.

The Santa Barbara City College Board of Trustees President says the Pledge of Allegiance to the American flag is “steeped in expressions of nativism and white nationalism.”

In emails obtained exclusively by Campus Reform, the president of the SBCC Board of Trustees, Robert Miller, stated that he decided to “discontinue use of the Pledge of Allegiance” at board meetings because of its history.

“…steeped in expressions of nativism and white nationalism"

Live stream videos of the board's past several meetings show that the last time members recited the Pledge of Allegiance during a board meeting was Dec. 13. During the Jan. 10 live-streamed meeting, Miller noted at the beginning that it was his first meeting as president of the board. It was also the first meeting since a similar circumstance in summer 2018 that members did not recite the pledge.

“I decided to discontinue use of the Pledge of Allegiance for reasons related to its history and symbolism,” Miller said in an email to Celeste Barber, a former adjunct instructor at SBCC. “I have discovered that the Pledge of Allegiance has a history steeped in expressions of nativism and white nationalism."

In addition to these reasons, Miller stated that he’d rather pledge his allegiance to the Constitution “instead of a physical object."

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This must be 'california piss off the world' day today-article from yesterday but also up at ZH

Of course it's santa barbara too. Little problem framing MJ if you recall

Sometimes I am ashamed to say I live here.

https://www.campusreform.org/?ID=11805

>>4955302

kek

>>4955499

they should but we have this big problem here. 9th circuit. When the MERS crap started in '06 had all the evidence from the FRB because they sucked up indysmack and through an FOIA obtained the smoking gun that it was in a trust held by douche bank. Having evidence and obtaining a judgement are, sadly, two different parts of the "just us" system.

APPL earnings out..post next bread

Declining sales revenue, especially china -27%

Stock likes it though.

162.92 +8.24 (5.33%)

After hours: 5:14PM EST

>>4955616

well you learn something new everyday…