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and what could Apple do with its own network?
sell its own productswhile the broadcasting laws would prohibit them from monopolizing the airwaves, it hasn’t stopped Rogers Communication from doing that here.
Numerous times a commercial will get cut or even a TV will end abruptly only to find a Rogers commercial being played. Which I find kinda odd because I am on Rogers and they have only shown that I should change companies instead of buying the product I have that they are trying to sell me when they cut off my show.
I just mean having more control on content for their products – much the same way NFLX and AMZN have their own shows now as a way to build Apple TV
$GM announced that it has applied and received approval for a voluntary delisting of its common stock from the Toronto Stock Exchange in Canada. The delisting will not affect the company’s listing on the New York Stock Exchange
The automaker said that given the relatively low trading volume of its shares on the TSX and the fact that $GM’s NYSE listing provides its shareholders with sufficient liquidity, the company believes that the costs associated with maintaining a dual listing are no longer justified.
Initial Jobless Claims -12K to 232K vs. 240K consensus, 244K prior (unrevised).
Continuous Claims:-3K to 1.953M vs. 1.956M.Freddie Mac weekly survey.
The 30-year fixed-rate mortgage averaged 3.89% for the week ending Aug. 17, just one basis point above its YTD low and slipping from 3.90% a week ago, and the average 15-year fixed-rate mortgage fell to 3.16% from last week’s 3.18%.Q2 E-Commerce Retail Sales: +4.8% Q/Q to $111.5B
E-commerce sales accounted for 8.9% of total sales.July Leading Indicators: +0.3% to 128.3 vs. +0.3% consensus, +0.6% (revised) prior
The Coincident Economic Index +0.3% to 115.7
The Lagging Economic Index +0.1% to 124.8Bloomberg Consumer Comfort Index jumps to 52.1 from 51.4 last week (new 16-year high)
State of the Economy index improves to 51.3 from 51.0
Personal Finance index moves to 59.7 from 58.9
Buying Climate index increases to 45.4 from 44.3July Industrial Production: +0.2% at 105.5 vs. +0.3% consensus, +0.4% prior.
Capacity utilization: 76.7% in -line with consensus, 76.7% prior (revised).August Philly Fed Business Outlook: +18.9 vs. +18 expected, +19.5 prior.
TY for the round up – market reacting to economic and geopolitical fear – takes a while after such and extended 5th wave as discussed – now doubt MSM will blame Trump et al but that is just part of the process
At the close
Dow -1.24% to 21,752.55. S&P -1.53% to 2,430.52. Nasdaq -1.94% to 6,221.95.
Treasurys: 30-year +0.48%. 10-yr +0.21%. 5-yr +0.12%.
Commodities: Crude +0.51% to $47.02. Gold +0.87% to $1,294.12.
Currencies: Euro -0.3% vs. dollar. Yen -0.64%. Pound +0.15%.[quote=”Assistanc3″ post=981]At the close
Dow -1.24% to 21,752.55. S&P -1.53% to 2,430.52. Nasdaq -1.94% to 6,221.95.
Treasurys: 30-year +0.48%. 10-yr +0.21%. 5-yr +0.12%.
Commodities: Crude +0.51% to $47.02. Gold +0.87% to $1,294.12.
Currencies: Euro -0.3% vs. dollar. Yen -0.64%. Pound +0.15%.[/quote]
The BULLS got roasted today … and not everyday can be an up day, as the AL’s leading hitter is also one of the strikeout kings … but when his court is in session — Here comes the JUDGE 😉 🙂
YAY — finally back to all GREEN 8) … A3 must be waking up 😉 … as the oversold conditions are encouraging some “buy on the dip” activity … Come on BULLS, as you have a friend in JANET & FOMC 😉 🙂
On the hour |12:00 PM
Dow -0.03%.
10-yr -0.07%.
Euro +0.2% vs. dollar.
Crude +1.57% to $47.83.
Gold +0.15% to $1,294.28.Fire put out at major PetroChina refinery in Dalian, China
A huge fire that broke out on Thursday at a major PetroChina ($PTR) refinery in northeastern China reportedly has been extinguished by more than 600 firefighters with no casualties.
The blaze at the plant’s 1.4M metric tons/year catalytic cracker comes just two months after the Dalian refinery finished a planned major maintenance.
The refinery in Liaoning province has three crude distillation units with total processing capacity of 410K bbl/day of crude oil.
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