tyb
>>6312053 lb
nigga drop that shit
Morgan Stanley to pay $150 mln to settle California mortgage securities charges
(not enough buy a LARGE margin and look where it goes-props up CALSTRS which is totally underfunded and the rest goes to the state)
April 25 (Reuters) - Morgan Stanley will pay $150 million to settle charges it concealed the risk of mortgage-backed securities that were sold to two large California pension funds, the state’s attorney general Xavier Becerra announced on Thursday.
The California Public Employees’ Retirement System (CalPERS) will receive $122 million from the settlement, while the California State Teachers Retirement System (CalSTRS) will receive $8 million. The remainder will go to Becerra’s office.
https://www.cnbc.com/2019/04/25/reuters-america-morgan-stanley-to-pay-150-mln-to-settle-california-mortgage-securities-charges.html
no shit. That was classic fuckup but he owned it
It's a toss-up. Here's moar:
https://money.usnews.com/investing/news/articles/2019-04-25/morgan-stanley-to-pay-150-million-to-settle-california-mortgage-securities-charge
This one from AP
https://www.usnews.com/news/best-states/california/articles/2019-04-25/morgan-stanley-to-pay-130-million-to-california-pensions
https://www.streetinsider.com/General+News/Morgan+Stanley+to+pay+%24150+million+to+settle+California+mortgage+securities+charges/15407938.html
Who know's which is correctReuters says $150m and AP say's $130m.
Kind of important yoou would think.
Someone lyin'
you too funny. Take it for the praise and move on.
Lot's of shit habbening and was gone that day.
Market Report
DOW
Volume 276,173,875
Avg. Volume 302,403,548
The loss in the DOW is pretty much all 3M
190.73-28.35 (-12.94%)
Volume 14,096,524
Avg. Volume 2,049,425
NAS
Volume 1,863,347,983
Avg. Volume 3,143,136,129
Up or down…not hitting averages at all
SP500
Volume 2,036,095,456
Avg. Volume 3,619,019,516
Same here
https://finance.yahoo.com/quote/%5EGSPC?p=^GSPC
MMMassacred: Zuck Zooms As Tesla Tanks; Dollar Dead As Crude Cracks
There's a lot going on beneath the surface of the major US equity indices.
China cracked hard overnight.
European stocks leaked lower.
WTI tumbled into settlement today. (cap #3)
Tesla tanked to 2 year lows - below the critical $250 level.
(heavy volume there)
TSLA
Volume 21,559,194
Avg. Volume 8,783,522
3M was a bloodbath - worst day since 1987's Black Monday.
190.73-28.35 (-12.94%)
Volume 14,096,524
Avg. Volume 2,049,425
But, don't worry - Facebook is awesome.
(with $5b coming out of it soon Go ahead buy it)
In the US, equities were mixed with Nasdaq best (FB, MSFT), S&P unch, and The Dow weak (but not as dismal as Small Caps and Trannies).
The Dow was hit by MMM but then the machines took over the index and decoupled it.
AMZN tumbled into the close, red, ahead of earnings.
(but green in AH trading)
Treasury yields were modestly higher today (around 1bps across the curve) but all remain lower on the week.
(day's like today herd people into these for 'safety' reason's)
Finally, ahead of tomorrow's GDP print, we note that The Atlanta Fed GDPNOW model has soared to 2.789%.
https://www.zerohedge.com/news/2019-04-25/mmmassacred-zuck-zooms-tesla-tanks-dollar-dead-crude-cracks
https://www.dailyfx.com/crude-oil
Intel Crashes After Slashing Guidance: "Taking A More Cautious View Of 2019"
Intel shares are plunging after hours after beating top- and bottom-line but slashing guidance.
In its first quarterly report card since Swan took the reins as permanent CEO in January, Intel reported flat year-over-year revenue.
Revenue and Earnings for Q1 came in better than expected:
*INTEL 1Q REV. $16.1B, EST. $16.03B
*INTEL 1Q ADJ EPS 89C, EST. 87C
But things have got worse, with the firm slashing full fiscal year revenue guidance to $69 billion (estimate was $71.34 billion)
"Results for the first quarter were slightly higher than our January expectations. We shipped a strong mix of highperformance products and continued spending discipline while ramping 10nm and managing a challenging NAND pricing environment. Looking ahead, we're taking a more cautious view of the year, although we expect market conditions to improve in the second half," said Bob Swan, Intel CEO.
"Our team is focused on expanding our market opportunity, accelerating our innovation and improving execution while evolving our culture. We aim to capitalize on key technology inflections that set us up to play a larger role in our customers’ success, while improving returns for our owners."
For the next quarter, Intel estimates $0.83 for EPS (Wall Street expected $1.01) and revenues of $15.6 billion (analysts expected $16.85 billion).
And shareholders seem to have had enough, with the stock down almost 10% after hours.
As a reminder, last quarter, Intel missed Wall Street's expectations on revenue and earnings.
https://www.zerohedge.com/news/2019-04-25/intel-crashes-after-slashing-guidance-taking-more-cautious-view-2019
>>6312698 Report: Kim Jong-un Sent Four Officials to the Firing Squad After Failed Trump Summit
NOTABLE
two sources on the Morgan fine.. One says $150m the other says $130m
Reuter's says $150m AP say's $130m
FWIW