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Fed Watch: Powell First Out Of The Gate

Tim Duy: Powell First Out Of The Gate, by Tim Duy: The first Fed speaker of the post-Brexit era delivered a decidedly dovish message. Confirming the expectations of market participants, Federal Reserve Governor Jerome Powell made clear that the Fed...



STOCKS RALLY: Here's what you need to know (SPY, SPX, DJI, IXIC)

Stocks rallied on Tuesday for the first time since Britain's decision to leave the European Union sent global markets into free fall.  First, the scoreboard: Dow: 17,403.46, +263.22, (1.54%) S&P 500: 2,035.69,...



A great migration of trading talent is about to start

The UK is leaving Europe.  More than 17 million people voted last week for the country to leave the European Union, winning a referendum, triggering the resignation of the country's prime minister, and a downgrade of its credit...



10 Things You Might Not Know About ‘Game of Thrones’

Game of Thrones isn’t just one of the most well-known series on television — it’s one of the most revolutionary TV shows ever made. Since 2011, the epic fantasy about the battle for power in Westeros has completely captivated both fans...



Morning News: June 28, 2016

China’s Li Won’t Allow ‘Rollercoaster’ Markets After Brexit Draghi Calls for Global Policy Alignment to Lift Economic Growth U.K. Stocks Rise With Global Markets as Barclays, Lloyds Rebound Cameron Heads to Last Supper in Brussels...



The dollar is slipping

Good morning! The US dollar is slipping as the post-Brexit hysteria starts to die down. The dollar index is down by 0.6% at 95.93 at 7:34 a.m. ET.   "A measure of calm has returned to global financial markets. Yet...



Why Diesels Were About to be Obsolete Anyway

As Volkswagen reaches a settlement for US owners, something occurred to me. Have you ever had a really great idea in the shower? I haven't. My epiphanies usually come while behind the wheel on some remote stretch of Highway 101 or driving down a...



Chipotle Has A Sad New Plan To Win Us All Back

What do you do after suffering E. coli breakouts and a couple norovirus scares?  Invent a rewards program, of course. That'll win 'em back! The strategy seems worth a try to Chipotle. The company is...



NFL: Top 10 Fantasy Football Quarterbacks for 2016

The 2016 NFL season is slowly getting here, which means that the long, brutal lull is close to being over. This means that it’s time to start talking fantasy football, which is one of the best parts of the build up to the NFL...



TRUMP STARES DOWN GLOBALISTS...

TRUMP STARES DOWN GLOBALISTS...(First column, 3rd story, link)Related stories:BERNIE: DEMS BETTER WAKE UP... ...



Britain Backtracks as Panic Rises

New York Times: “Prime Minister David Cameron and the former London mayor Boris Johnson, members of the governing Conservative Party who were on opposite sides of the debate over Britain’s membership in the 28-nation bloc, both signaled...



Will Brexit Blowback Derail The Expected Q2 Rebound In US GDP?

Next month’s “advance” GDP report for the US in the second quarter is widely projected to show that economic activity will rebound from Q1’s sluggish 0.8% gain (which is expected to be revised up to 1.0% in today’s revision,...



Facebook Adds Slideshow Feature to iOS App

Facebook Monday introduced a feature for users of its flagship iOS application, Slideshow, not to be confused with the ad unit of the same name that debuted last October. The social network said in an email to SocialTimes that the Slideshow feature...



Eight-Member Court Leans Left Without Deadlocks...

Eight-Member Court Leans Left Without Deadlocks...(First column, 3rd story, link)Related stories:Supreme Court poised to issue major abortion ruling...Last Day Action... ...



Is the Middle Class Moving on Up?



Lone Star – A Superstar Distressed Mortgage Buyer

Lone Star is one of the largest purchasers of distressed mortgages from federal housing agencies and banks. Below is a previously undisclosed purchase agreement with JPMorgan Chase to sell a pool of 1,500 distressed mortgages to Lone Star for $355...



Morning News: June 27, 2016

Bank Shares Slide as Brexit Turmoil Hits World Stocks Text of Statement by George Osborne, Chaneloor of Exchequer, on ‘Brexit’ Oil Trades Below $48 a Barrel as Brexit Spurs Market Volatility Auto Makers Shift Gears After ‘Brexit’...



Why Brexit happened and what it means

Yes, I am still pro Remain, and also generally pro immigration, and I am still hoping the Brits take a cue from DeAndre Jordan.  (I also see geopolitics and national security as a significant reason to favor Remain, just ask Putin; furthermore the...



We Just Witnessed The Greatest One Day Global Stock Market Loss In World History

More stock market wealth was lost on Friday than on any other day in world history.  As you will see below, global investors lost two trillion dollars on the day following the Brexit vote.  And remember, this is on top of the trillions that...



George Will and the Failure of WASP Conservatism

Much is being made of the fact that George Will recently announced that he has left the Republican Party because of the nomination of Donald Trump. My initial reaction, and the reaction of many others judging by the responses I have seen, is "Good...



If you care . ..

These are two best articles I've read on why Brexit occurred: "Brexit: A Very British Revolution". "As a historian, I can assure you this is the most tumultuous event of modern times, a people's revolt against...



George Soros: With Brexit, EU Now On The Verge Of Collapse

George Soros is back again with a dire warning – the Brexit could lead to the disintegration of the European Union. I noted in his earlier op-ed that Soros only focused on UK concerns with the EU and not with a EU break-up, but that it must...



3 Hottest Housing Markets in America Right Now

Hot housing market | Justin Sullivan/Getty Images The real estate market is on fire. Home prices continue to climb higher, the average new single-family home is now bigger than ever, low-document loans are starting to resurface, and Rocket Mortgage ads...



Dow drops more than 600 points as Brexit raises risk of global recession

The risk of another global recession escalated Friday after Britain’s stunning decision to leave the European Union plunged financial markets into freefall and tested the strength of the safeguards put in place since the last downturn seven years...



NBA: Top 3 Teams Kevin Durant Could Play for in 2016

Ronald Martinez/Getty Images The 2015-16 NBA Playoffs may have just finished, but that doesn’t stop the long-running conversation about Oklahoma City Thunder star forward Kevin Durant’s pending free agency next summer. The 27-year-old will...



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Tesla fires back at NHTSA over claims of suspension threat in Model S

Tesla on Friday lashed out at the National Highway Transportation Safety Administration (NHTSA) after the agency said it received reports of a potentially dangerous suspension problems in the Model S. In a lengthy blog post titled “A grain of...



Gawker Media files for bankruptcy thanks to Hulk Hogan and Peter Thiel

A few weeks ago, it was revealed that Silicon Valley billionaire Peter Thiel, a co-founder of Paypal and current Facebook board member, was bankrolling Hulk Hogan's lawsuit against Gawker Media. (Got all that?) Despite the fact that Gawker has...



Drop the Ban on Supersonic Aircraft

WSJ: In the 1960s the future of aviation seemed bright. In 1958 Boeing had built its first jetliner, the 707, which cruised at speeds of up to 600 mph. The Concorde came along in 1969, flying at Mach 2—more than 1,500 mph. An age of affordable...



Facebook makes it easier to start a conversation in Messenger

After adding SMS messages to the Android version of the app earlier this week, Facebook tweaked its Messenger UI to get you sending messages faster. Underneath the list of recent messages, you'll now see a collection of your favorite contacts so...



Trump Campaign Wastes A Lot Of Paper Printing Articles About Trump

Donald Trump approaches the media like an angry schoolteacher picking worksheets apart. As you might expect, his campaign staffers search for "Donald J. Trump" on Google News every morning, writer Olivia Nuzzi reported in GQ Monday. And then...



Hackers breach social media accounts of Mark Zuckerberg and other celebrities

Over the weekend hackers managed to access Facebook founder Mark Zuckerberg's Twitter and Pinterest accounts, as well as the social media accounts of other celebrities. Someone posted to Zuckerberg’s Twitter feed on Sunday, claiming to...



Gundlach: June Hike 'Impossible' Following Disappointing Employment Report

DoubleLine's Jeff Gundlach has described the nonfarm payrolls report released on Friday a "real body blow" that essentially means an interest rake at the Fed's June meeting is an "impossibility." read more ...



U.S. declines to say if Boeing has license to sell planes to Iran

WASHINGTON (Reuters) - The U.S. State Department said on Tuesday it could not address whether Boeing has obtained a license to sell commercial aircraft to Iran, but a spokesman said the Iran deal allows licensing of commercial aircraft sales on a...



Record 94,708,000 Americans Not in Labor Force...

Record 94,708,000 Americans Not in Labor Force...(Third column, 2nd story, link)Related stories:Only +38,000 jobs in May...Lowest in 6 years... ...



Federal Reserve issues FOMC statement

Federal Reserve issues FOMC...



10 States Adding The Most Jobs

This article was originally published on 24/7 Wall St.  The United States has added more than 12 million jobs since the spring of 2011. Since then, the unemployment rate has fallen from 9.1% to 5.0% — close to an eight-year low. The...



Facebook Inc Hires CollegeHumor’s Van Veen To Boost Media Efforts

Facebook is quite serious about its media efforts and recently brought in Ricky Van Veen, one of the co-founders of CollegeHumor. Van Veen will be joining the social media giant as the “head of global creative strategy” and will work...



Instagram tops Twitter with advertisers, survey says

Twitter's advertising are flying the coop, potentially for Instagram, according to a new...



Obama Is Right: We Need to Expand Social Security. But Not For Everybody.

On Wednesday President Obama joined the retirement crisis bandwagon: A lot of Americans don’t have retirement savings. Even if they’ve got an account set up, they just don’t have enough money at the end of the month to...



The Sinocism China Newsletter 06.14.16

THE ESSENTIAL EIGHT 1. Key MSCI emerging markets index rejects Chinese mainland stocks, again “International institutional investors clearly indicated that they would like to see further improvements in the accessibility of the...



Report: Bids for Yahoo core business exceed $5 billion



'Leave' takes lead in 'Brexit' poll

The 'leave' camp in the United Kingdom has taken a six-point lead in a new "Brexit" poll released Monday by The...