Market Weekly: October 6 – 12 2019

Viewing 15 posts - 1 through 15 (of 27 total)
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  • #22071

    [b][color=purple][color=purple][size=4][i]Where have we been & where are we…… wishing great week ahead to all 🙂
    and all the great charts (including BDI – lol) are certainly handiwork of our ADMIN “TC” 😆
    Bambi & herd are trying to eat us out of house & home — as Lord giveth 🙂 & it is sometimes taken ;)[/i][/size][/color][/color][/b]

    [article]1748[/article]

    [size=5][i]To get our minds away from the awful political landscape 👿 and we need to pray each day for our nation —
    a favorite documentary (lol) & live album to start new week ahead … may the force be with us 8)[/i][/size]

    https://www.youtube.com/watch?v=akYbPWBtJT4

    #22074
    Truman
    Participant

    Thanks all that put this great preview and wrap up together and CI always adds through the week with great cartoons, movies and songs to keep us sane through the nonsense.

    #22076
    Super Harley
    Participant

    Futures Point Lower Sunday Night as China said to be offering less to US in this week’s forthcoming trade talks on Bloomberg

    Headline says China will not consider negotiating some key US complaints

    “Vice Premier Liu He, who will lead the Chinese contingent in high-level talks that begin Thursday, told visiting dignitaries he would bring an offer to Washington that won’t include commitments on reforming Chinese industrial policy or the government subsidies that have been the target of longstanding U.S. complaints, one of the people said.”

    #22081
    Helmholtz Watson
    Participant

    White House memo Outlines Points of US-China trade talks that resume Thursday

    Talks between China Vice Premier Liu He to meet with US’s Lighthizer and Mnuchin.

    The statement has six topics of discussion:

    Forced technology transfer
    Intellectual property rights
    Services
    Non-tariff barriers
    Agriculture

    #22082
    ThePitBoss
    Participant

    US August consumer credit $17.9B v +$15.0B expected
    Prior +$23.39B

    Non-revolving credit +$19.84B largest since Aug 2016
    Revolving credit -$1.94B largest drop in four years

    #22084

    [size=5][b][color=red]Dow 26,478.02 -95.70 -0.36%
    S&P 500 2,938.79 -13.22 -0.45%
    Nasdaq 7,956.29 -26.18 -0.33%
    Gold 1,497.80 -15.10 -1.00%
    Oil 52.94 0.13 0.25%[/color][/b][/size]

    [size=5][i]In memory of passing of Ginger Baker
    at age 80 today (one of best drummers)[/i][/size]

    #22089
    TradersCom
    Keymaster

    [color=red][size=5][b]US September PPI +1.4% vs +1.8% y/y expected and prior
    PPI -0.3% vs +0.1% exp Prior +0.1% lowest since Nov 2016.

    Deflation

    Ex food and energy +2.0% y/y vs +2.3% exp
    Prior +2.3% y/y
    Ex food and energy -0.3% m/m vs +0.3% exp
    Prior +0.3%

    #22092

    #22096

    [color=red][size=5][b]Dow 26,164.04 -313.98 -1.19%
    S&P 500 2,893.06 -45.73 -1.56%
    Nasdaq 7,823.78 -132.52 -1.67%
    Gold 1,510.80 6.40 0.43%
    Oil 52.26 -0.49 -0.93% [/b][/size][/color]

    #22098

    [size=5][i]for those of you who wish to take a break from the current media themes
    and take a time machine back to the GOOD OLD DAYS[/i][/size] 8)
    https://www.youtube.com/watch?v=_G6gacjD55o

    #22099
    Truman
    Participant

    Blizzard, developer of video games World of Warcraft and Overwatch banned a professional player from competing after he voiced support for the ongoing Hong Kong protests.

    U.S.-based Blizzard Entertainment also rescinded $10,000 in prize money belonging to Hong Kong-based player Ng Wai Chung, who plays under the name Blitzchung. He is one of the top players of Blizzard’s Hearthstone, an online card deck game.

    During a recent post-match interview, Blitzchung wore a gas mask and dark goggles – symbols of the anti-government protests in Hong Kong – and chanted the protest slogan, “Liberate Hong Kong, revolution of our times.”

    Blizzard said Blitzchung broke its rule banning players from activity that “offends a portion or group of the public or otherwise damages” its image.

    https://playhearthstone.com/en-us/blog/23179289

    Grandmasters is the highest tier of Hearthstone Esports and we take tournament rule violations very seriously. After an investigation, we are taking the necessary actions to prevent similar incidents from happening in the future.

    Effective immediately, Blitzchung is removed from Grandmasters and will receive no prizing for Grandmasters Season 2. Additionally, Blitzchung is ineligible to participate in Hearthstone esports for 12 months beginning from Oct. 5th, 2019 and extending to Oct. 5th, 2020. We will also immediately cease working with both casters.

    We’d like to re-emphasize tournament and player conduct within the Hearthstone esports community from both players and talent. While we stand by one’s right to express individual thoughts and opinions, players and other participants that elect to participate in our esports competitions must abide by the official competition rules.

    #22100
    Truman
    Participant

    US blacklists Chinese facial recognition startups for human rights violations of Muslim minority groups.

    The Department of Commerce announced that the companies were blacklisted alongside 25 other Chinese businesses and government entities linked to abuses in the Xinjiang region.

    The three startups, SenseTime, Megvii, and Yitu, are said to be the most valuable facial recognition companies in the world. The Department of Commerce says the businesses have aided the ongoing oppression of minority groups in China with its technology.

    “Specifically, these entities have been implicated in human rights violations and abuses in the implementation of China’s campaign of repression, mass arbitrary detention, and high-technology surveillance against Uighurs, Kazakhs, and other members of Muslim minority groups in [Xinjiang],” an agency directive states.

    SenseTime, the world’s most valuable artificial intelligence (AI) start-up that counts Alibaba and Qualcomm among its investors, is branching out into autonomous driving and augmented reality (AR).

    Founded at the Hong Kong Science Park in 2014, the start-up raised US$620 million in May bolstering its position as the world’s most valuable AI start-up, with a valuation of US$4.5 billion. The financing came on the heels of an earlier round in April led by Alibaba Group Holding, the parent company of the South China Morning Post.

    Other prominent companies on the list include Hikvision, a video surveillance business valued at $42 billion.

    U.S. blacklists Chinese facial recognition startups for human rights violations

    A spokesperson for Hikvision has pushed back on the company’s inclusion on the blacklist, arguing that its hiring of a former U.S. ambassador and human rights expert last January shows that Hikvision is committed to human rights.

    “Punishing Hikvision, despite these engagements, will deter global companies from communicating with the U.S. government, hurt Hikvision’s U.S. business partners, and negatively impact the U.S. economy,” the company said.

    Megvii, one of the three facial recognition startups, released a similar statement as well.

    “Megvii strongly objects to the company’s designation on the U.S. Commerce Department’s Entity List, for which there are no grounds,” the company said. “We are committed to making sure our technology has a positive impact on society and we are in compliance with all laws and regulations in jurisdictions where we operate.”

    The Department of Commerce’s announcement comes just days before high-level trade talks are set to take place with Beijing in the US capital.

    #22101
    Super Harley
    Participant

    Sony confirmed PlayStation 5 will launch before the holidays in 2020.

    In a blog post on Tuesday, the company confirmed the console’s official name and release period and revealed new details about some of its technology. These will include a controller that uses haptic feedback, replacing the rumble of previous consoles, and adaptive triggers that developers can program, allowing players to “feel” more resistance in different scenarios like pulling a bow string versus firing a gun.

    It will be slightly heavier than the PS4 and feature USB C charging and a higher-capacity battery.

    Sony Interactive Entertainment CEO Jim Ryan said that the console will stick to the simple naming conventions of past consoles, and it will release in the holiday season of next year. Ryan was joined for the interview by system architect and Knack mastermind Mark Cerny, who clarified that ray tracing will be possible on the system through GPU acceleration.

    The PS5 will come with a 4K Blu-ray player and discs will be 100GB in size. This should eliminate most needs for more than one disc on retail releases, though certain titles could cross that threshold — this generation’s Red Dead Redemption 2 narrowly missed being that large at launch last year. You’ll be able to choose what you install from a game, however, meaning if you are only interested in the campaign, you won’t have to waste time with the rest of the game and have it take up space.

    #22102
    ThePitBoss
    Participant

    Chinese embassy in Washington responds to blacklist visas

    US imposition of visa restrictions on Chinese officials “seriously violates the basic norms governing international relations, interferes in China’s internal affairs and undermines China’s interests”

    #22106
    ThePitBoss
    Participant

    European stockmarket close

    [color=green]France CAC +0.7%
    German DAX +1.0%
    Italy MIB +0.5%
    Spain IBEX +0.58%
    UK FTSE 100 +0.3[/color]

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