NEWS

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San Diego based Sempra  Energy $SRE on Monday said it will acquire Energy Future Holdings Corp, the indirect owner of 80 percent of Oncor Electric Delivery Company, LLC, operator of the largest electric transmission and distribution system in Texas foraround $9.45 billion in cash.

China introduced cyber courts this week as we move further to an online world. In the U.S. we have everyone from President Trump down lamenting the destruction of traditional society, the big one of course is Amazon $AMZN. 

US oil rigs drew a breath this week. Bakers Hughes U.S. oil rig count  fell 5 to 763. Canada lost 6 rigs.The lower rigs were mainly due to mainenance takedowns. 

Goldman Sachs has been one of the favorite analysts to use as a contrarian indicator at Traders Community. Now we here $GS traders lost $100 million on a Natural gas basis trade last quarter.

Foot Looker $FL has followed fellow sporting goods retailer Dicks Sporting Goods with a distastrous second quarter earnings report sending the stock down 21% premarket. FL missing expectations by 28 cents. Online retailing hitting sales.

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