tyb
Morning Market Report-After the Ding,Ding,Ding edition
It is going to get bumpy going forward anons. NOTHING like what we are seeing has EVER been attempted so forgive if pepe doesn't get everything right-been pretty good so far but
remember this is a multi-decade system grasping at anything they can to remain relevant-expect much fuckery going forward: Have some cash for your incidentals and DO NOT rely on credit cards for this.
Opening bell reflects the futures movements. A little fade to start. The volumes are normal for open so far. Gold holding steady with it's record high open interest too.
Deutsche Bank….Now the CEO is effectively begging people to hold it's stock by saying 25% of his salary will go towards purchasing it.
Desperate times for them-have some tendies will ya?. Goldman is sort of pulling the same stunt by raising it's dividend payment too. Ask why they did not do this when everything looked a little better. Total pandering to save own ass's. The downgrades continue to roll out-I ask these asshat's again-WHERE WERE YOU DURING THE HUSSEIN admin when you were getting trillions in liquidity shoved at the markets in the form of QE and printed money thrown at the high yield credit markets-FUCK YOU.
In the latest indication of the U.S.-China trade dispute hurting businesses, German chemicals giant BASF (BASFn.DE) warned of a 30% fall in adjusted annual profit.
RBC Capital Markets downgrade of 3M Co to “sector perform” on macro pressures from China, auto and electronics added to the downbeat sentiment.
The industrial conglomerate’s shares fell 1.3% in premarket trade. China-exposed stocks slipped, with Boeing Co , the single largest U.S. exporter to China, dipping 0.2% ahead of release of its orders and deliveries for the second quarter. Caterpillar Inc fell 0.4%.
The market forecast a 75% chance of a 25-basis-point cut, and a 25% chance of a 50-basis-point cut a week ago, according to CME Group’s FedWatch tool. In premarket trade, the chances were 93% and 7%, respectively.
German chemical giant, BASF, which slashed its EBIT outlook by 60% below consensus. Shares in BASF slumped almost 6% in Europe after the German chemicals giant issued what one trader described as a “shocking” profit warning, blaming a global slowdown and trade war between the United States and China. Asian markets were lower and at 2 week lows.
In commodities, oil prices were slightly softer as concerns about whether slowing global growth would hit demand eclipsed tensions over Iran’s nuclear program.
Gold prices also ticked lower, as the dollar scaled its multi-week highs. Gold moves around because the price is reflected in dollars so anytime the currency mkts move it moves to keep up with that as well.
The fed will hold a conference call to discuss the 'effectiveness' of muh stress tests. Hey douchebags until you look at everything they actually 'own' and don't allow them to sequester most of the shit they have on book into a 'hold to maturity' area-thus removing them from the stress test, you don't have too
much room to talk about the 'effectiveness' of ANYTHING. You see the impact on DB's stock-and they passed them. Citibank will be the American example eventually.
That thing is so packed full of shitty 'assets' of unicorn valuations it's a wonder it's stock is worth anything. Muh shitibank actually did a reverese stock split in 2011 after dropping below a dollar a share first then getting to about $4. All that is just an accounting trick to make it stock appear moar valuable.
It trades at about $71/shared but it is really just a $7 equity with a 10:1 reverse split giving the appearance of value.
Japan's Mizuho bank will be the the canary in the coal mine for them imo.
Second-quarter earnings is expected to start in earnest next week with Citigroup kicking off results for big U.S. lenders on Monday and FANG-member Netflix Inc scheduled to report later in the week.
Looking at today's calendar, expected data include NFIB Small Business Optimism Index. PepsiCo, Couche-Tard, Levi Strauss, and WD-40 are among companies reporting earnings.
U.S. Commerce Department determined that China and Mexico are unfairly subsidizing exports of fabricated structural steel and said it would impose duties on imports.
And in what is impacting italian bond price news: Monte Paschi Said to Seek Buyers for $336m of Property- good luck with that!
Treasuries opened stronger but faded in early action-see Cap#4. They still have a payout here so it will have some buyers for sure, selling them in size?…good luck.
Looks like a repeat of yesterday with a fade in the morning and a slow crawl back up a bit and not settling on lows of day at the close. We shall see.
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html/
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
https://finance.yahoo.com/quote/%5EDJI?p=^DJI
we will own them….it's ok. wouldn't be shorting them but I understand the sentiment. All things being equal they are fundamentally garbage. Besides stripping them of stock at lower values helps us all in the bigger picture.
Still have the WTF moment(s) when applying only fundy's to them. The old saying is "don't fight the fed"-you will always lose. In this case the feds are us.
the only other man this pepe voted for president. RIP soldier, you fought the brave fight.
sorry DOES NOT help us…need cofveve
Deutsche Bank in partnership talks with SoftBank-backed OakNorth
It figures…softbank
Deutsche Bank is in talks with SoftBank-backed British fintech firm OakNorth to use the latter’s credit analysis and monitoring platform, a source with knowledge of the discussions told Reuters.
The troubled German bank is piloting OakNorth’s technology with a view to formalizing the partnership, the source said.
The software uses data about a prospective borrower such as the financial performance of its peers and sentiment about its brand from online reviews to help inform lending decisions.
Deutsche is seeking to return to its roots as a lender to companies in its home market as part of a sweeping restructuring.
OakNorth and Deutsche Bank declined to comment.
OakNorth, Britain’s most valuable fintech firm, earlier this month announced the first enterprise-wide agreement with a bank to use its technology when it inked a five-year deal with Dutch lender NIBC Bank NV (NIBC.AS).
The British firm says its technology helps banks make better decisions on small business loans by using the level of data analytics that banks normally only use for $25 million-plus medium-sized deals.
OakNorth is in talks with ten banks, OakNorth Chief Executive Rishi Khosla told Reuters last week, as it seeks to monetize its credit analysis platform by signing up lenders in the United States, Europe and Asia.
The British firm raised $440 million from investors including Japan’s SoftBank Group in a February funding round that valued OakNorth at $2.8 billion.
Deutsche Bank on Monday embarked on a 7.4 billion euro ($8.29 billion) restructuring that will cut around 18,000 jobs as it tries to reverse years of declining performance.
Reuters was not able to determine whether the restructuring could affect the partnership talks with OakNorth.
https://www.reuters.com/article/us-deutsche-bank-oaknorth/deutsche-bank-in-partnership-talks-with-softbank-backed-oaknorth-source-idUSKCN1U41JF
if what they say is true then this is actually a good thing, applying real standards in loan lending biz-no moar NINJA loans.
believe it when the real data is analyzed-just statements until then.
Why OakNorth is posting profits when other challenger banks aren’t
U.K. bank OakNorth reported a profit after just two years of operations, a rare occurrence among digital challenger banks.
OakNorth's path to success is the result of a focus on loans to small and medium-sized businesses.
https://tearsheet.co/funding/why-oaknorth-is-posting-profits-when-other-challengers-arent/
look up lost boys vietnam
hey look at the big brian on you, can actually run an id..congrats retard
*Note that you are making shit up as usual.
fuck off, I voted for him so that makes me NOT a Kid I never questioned his position.
np, learned much from some frens who served there. Patriot through and through.
i thought so, almost walked over it.
take it and use it…what it's for. Most of the others have ugay, fag, fag sup-although that one not mine. A few others
if you actually look at those earnings reports there are MANY holes in them. Goog last 10-q had an $18B hole in it. That is garbage.
it knows…spoopy but funny at same time.
the one just above you, just posted and I got gayboi. will use that later on one of our 'guests'.