tyb and good morning
Morning Market Report
Global Markets A "Sea Of Green"(Futures up) After POTUS Temporarily Eases Huawei Restrictions
() and bold are additions.
It's not exactly clear what prompted today's dramatic U-turn reversal in overnight markets, but this morning stocks and futures around the globe are a sea of green with chipmakers and Asia-exposed stocks among the best performers, with some pointing the finger at Washington's decision to temporarily ease trade restrictions imposed last week on China’s Huawei even though the move was largely procedural, while the trade-war driven turbulence that has dominated markets showed no signs of abating.
How about PANIC?- Huawei story is from last night.
&P and Nasdaq futures all traded in the green after the U.S. granted limited relief for consumers and carriers using Huawei Technologies, a day after the White House’s moves against the Chinese telecom giant battered stocks. The result has been the biggest monthly drop in the Semiconductor Index - which confounded so many with its oblivious levitation in the first 4 months of 2019 - as traders finally realized that pain is coming.
See Cap#3
The overnight respite came after news on Monday that Washington allowed Huawei to purchase American-made goods to maintain existing networks and provide software updates to existing Huawei handsets until Aug. 19. What happens next is unclear.
“The Huawei extension is in some sense providing a relief rally as it eases the worst fears of market participants that we are drifting towards a fully-fledged trade war,” said Aberdeen Standard’s head of global strategy, Andrew Milligan.
In Europe, the STOXX 600 edged higher, with Germany’s DAX rising 0.6%, while France’s CAC 40 climbed 0.2% in early trading, while tech firm lead the advance. Chipmakers Infineon and STMicro were up 1.4 to 3.5%, and the tech sector rising more than 1% after losing almost 3% on Monday. The autos and suppliers sector was another top gainer, up as much as 1.1%. In London, heavyweights HSBC, Prudential and Standard Chartered boosted the blue-chip index as markets on hopes if an easing in the trade tensions. Daimler got a boost after German newspaper Handelsblatt reported the company was looking to cut administration costs by 20%.
Chinese equities had the strongest gains in the Asian session, with the Shanghai Composite up 1.23% and the CSI300 index ended 1.35% higher, while their Japanese peers ended lower. Gains in heavyweight Samsung Electronics helped South Korea’s KOSPI stock index close up 0.3% as traders speculated the chip giant may benefit from Huawei’s need to shift away from American suppliers.
Market Snapshot
S&P 500 futures up 0.3% to 2,853.00
MXAP down 0.3% to 153.91
MXAPJ down 0.1% to 503.15
Nikkei down 0.1% to 21,272.45
Topix down 0.3% to 1,550.30
Hang Seng Index down 0.5% to 27,657.24
Shanghai Composite up 1.2% to 2,905.97
Sensex down 0.6% to 39,127.68
Australia S&P/ASX 200 up 0.4% to 6,500.14
Kospi up 0.3% to 2,061.25
STOXX Europe 600 up 0.4% to 379.09
German 10Y yield unchanged at -0.087%
Euro down 0.2% to $1.1144
Italian 10Y yield rose 4.0 bps to 2.327%
Spanish 10Y yield fell 0.4 bps to 0.88%
Brent futures down 0.3% to $71.77/bbl
Gold spot down 0.2% to $1,275.22
U.S. Dollar Index up 0.2% to 98.11
'''US Event Calendar
10am: Existing Home Sales, est. 5.35m,
prior 5.21m; MoM, est. 2.69%, prior -4.9%
10:45am: Fed’s Evans Discusses Economy
and Monetary Policy
12pm: Fed’s Rosengren Speaks to
Economic Club of New York
Really hitting the speaking crap hard now-last night Powell suggested the debt-load is ok and this time tings are different-what a douche.
https://www.zerohedge.com/news/2019-05-21/global-markets-sea-green-after-trump-temporarily-eases-huawei-restrictions
https://www.marketwatch.com/investing/bond/tmubmusd30y?countrycode=bx
https://www.bloomberg.com/markets/stocks/futures
https://www.dailyfx.com/crude-oil
Tesla Slides After Morgan Stanley Slashes "Bear Case" Price Target To Just $10
TSLA-current pre-market trade
199.97 -5.39 (-2.62%)
Pre-Market: 8:39AM EDT
https://www.zerohedge.com/news/2019-05-21/tesla-slides-after-morgan-stanley-slashes-bear-case-price-target-just-10
>>>>6547906 pb Tesla Director sells shares-$8.8m-May 16
ooops
'cause everyone is perfect like you…
Grumpy Cat’s owner is facing a major financial loss — there’s no insurance for pet influencers
why should there be?
Grumpy Cat leaves behind a beloved legacy and a profitable business.
Feline celebrity Grumpy Cat, whose real name was Tardar Sauce, died this week due to complications from a urinary-tract infection, her owners shared Friday. The cat, who was seven years old, first rose to fame after a photo of her went viral on Reddit in 2012.
In the intervening years she has become one of the most recognizable animals in the world. As a result, she’s had marketing deals with companies ranging from Honey Nut Cheerios GIS, +0.59% and Friskies NSRGY, -0.14% cat food and starred in a television film where she was voiced by actress Aubrey Plaza. Her likeness was emblazoned on hundreds of products sold through her online shop, and she was a popular figure at fan conventions.
While her sour-puss appearance brought joy to millions of fans across the globe, her death will bring more than heartache for her owner, Tabatha Bundesen. It will also represent a major financial loss.
Pet life insurance exists, but it’s a rarely offered product and would be of little help to the owners of a famous pooch or kitty. It’s not designed to cover losses related to pets who double as income-generators for their owners.
“It’s going to be very hard,” said Loni Edwards, a lawyer and founder of The Dog Agency, a New York City-based management agency that represents pet influencers. “As these pet influencers die, there’s little you can do.”
Bundesen remained tight-lipped about Grumpy Cat’s net worth over the years, aside from disputing reports that claimed the feline was worth $99.5 million.
Grumpy Cat’s owners, however, were awarded more than $700,000 after winning a lawsuit against a coffee company that breached a licensing agreement by using the cat’s likeness on more than one of its products.
Even a less popular pet influencer can earn between $3,000 and $15,000 for a sponsored post on social media if they have more than 100,000 followers, according to Edwards. Grumpy Cat had amassed millions of followers across Twitter TWTR, +1.02% and Instagram FB, -1.39%
“They can’t do new campaigns or promote new products,” Edwards said. “It’s similar to what would happen if a human celebrity was killed. You can license their likeness, but in terms of doing new movies and news deals that has been closed up.”
(MarketWatch reached out to Bundesen and Grumpy Cat’s agent for comment, but did not receive a response.)
Pet life insurance won’t help you if your fur baby becomes famous
Pet life insurance works nothing like the human equivalent. Rather than cover a loss of income, it simply covers the value of the animal and what it would cost to replace them. There’s good reason: Pet cats live an average of 14 to 16 years, while pet dogs live an average of 16 to 18 years, for some breeds.
Pet life insurance won’t help you if your fur baby becomes famous.
newsflash-it shouldn't.
In other words, upon a pet’s death, the life insurance policy would only pay out how much their owner would need to spend to get a new animal based on either the price they paid in the first place or the current cost of the breed, according to insurance website TrustedChoice. It may also cover funeral or cremation expenses, depending on the policy.
*Pet life insurance only covers the cost to replace an animal, not the loss of associated income.
https://www.marketwatch.com/story/grumpy-cats-owner-is-facing-a-major-financial-loss-theres-no-insurance-for-pet-influencers-2019-05-20?siteid=rss&rss=1
I get that anon however when you have over 5g of stuff from here and some of it was saved on a phone it's going to take some time to go through it and convert. Some have much moar. Be patient. As long as the notables are not jpegs that's still pretty good imo
know that. speaking to the glorification of a pet for your income instead of a real job that does something.
ummm…that is based on your browser history fren.
JPMorgan raises its Brexit no-deal probability forecast to 25 from 15%
LONDON (Reuters) - U.S. investment bank JPMorgan raised its probability of a no-deal Brexit to 25 from 15%, saying its base case is that Boris Johnson becomes prime minister, followed by a general election and then another delay to Britain’s exit to the end of the year.
JPMorgan raised the probability of an Article 50 extension to 60 versus 50% before and cut the probability of exit on the terms of Prime Minister Theresa May’s Withdrawal Agreement to 15 from 35%.
In a research note to clients titled “Brexit: Time to be afraid, as ‘no deal’ probability rises”, JPMorgan’s Malcolm Barr said the base case was that Johnson became prime minister in early September.
“Boris Johnson becomes PM in early September on a ‘no deal if we have to’ platform,” Barr said. “The EU refuses his central objective of removing the backstop from the Withdrawal Agreement.”
“The Commons begins the process of legislating to force Johnson to seek an Article 50 extension, and Johnson calls a general election seeking a mandate for his approach,” the note added.
“The UK and EU agree to extend Article 50 to end-December to allow time for the general election to take place and for discussions to follow it.”
Nearly three years after the United Kingdom voted 52 to 48% in a referendum to leave the EU, it remains unclear how, when or even if it will leave the European club it joined in 1973. The current deadline to leave is Oct. 31.
Britain’s labyrinthine crisis over Brexit has stunned allies and foes alike, and with deadlock in London, the world’s fifth largest economy faces an array of options including an exit with a deal to smooth the transition, a no-deal exit, an election or a second referendum.
https://uk.reuters.com/article/us-britain-eu-jpmorgan/jpmorgan-raises-its-brexit-no-deal-probability-forecast-to-25-from-15-idUKKCN1SR1IE
>←– Has more than 5 posts per bread on Qresearch.
that not a qualifier. Some of us actually work here. Should mebby run an id or two.
my we are pissy this morning. Ctrl F is your fren.
are you going to tell me all about what you think I know too?
Neurocrine Biosciences Chief Dev. Offc. sells $5.34m in shares-May 16th
Neurocrine Biosciences, Inc. is engaged in discovering and developing pharmaceuticals, in diseases with unmet medical needs, through its research and development (R&D) platform, focused on neurological and endocrine based diseases and disorders. Its three lead late-stage clinical programs are elagolix, which is a gonadotropin-releasing hormone (GnRH) antagonist for endometriosis and uterine fibroids; INGREZZA (valbenazine), which is a vesicular monoamine transporter 2 (VMAT2) inhibitor, for the treatment of movement disorders, and opicapone, which is a selective catechol-O-methyltransferase inhibitor that is an adjunct therapy to preparations of levodopa/Dihydroxyphenylalanine (DOPA) decarboxylase inhibitors for adult patients with Parkinson's disease. Its product pipeline also includes NBI-640756, which targets tremor and NBI-74788, which targets classic congenital adrenal hyperplasia. Its R&D focus is on addressing diseases and disorders of the central nervous and endocrine systems.
Number of employees : 585 people.
https://www.marketscreener.com/NEUROCRINE-BIOSCIENCES-I-10163/company/
https://www.secform4.com/insider-trading/914475.htm
also a large purchase on March 12th, 2019 by
Voyager Therapeutics Inc.
4,179,728 shares @$11.96/share for $49,999,995
looks like it was an investor as the share price was substantially lower than the share price at the time.
fourth entry on the link
> The dollar was ready to break out.
approaching 3 year highs. What moar do you want? Do you not realize what that does to real inflation?
https://www.marketwatch.com/investing/index/dxy
it's not earth-shattering as they are being forced to do this to reflect reality.