What if Trump started his own religion? Like a new form of Protestant Christian religion... where what he believes become the tenets of the religion...Then, removing his posts from Twitter or Facebook or Youtube would be discrimination on the basis of "religious beliefs" and he could sue and force himself back!!! .. A little scary to think of it .. but.. WOW would that be entertaining to watch !!!
Protests in Myanmar continue and the military is NOT having it.. Warning shots.. water cannons..They are cracking down and enforcing the "Protest Ban" ..
The Covid decline continues .. case levels in the USA are now back where they were in October.. But, remember.. Raj predicted another "mini-spike" due to SuperBowl parties.. That should start in another two weeks and last until March 10th or so...
President Biden has "re-joined" the UN "Human Rights Council".. which makes A LOT of sense.. Also on the council are, Venezuela, China, Cuba, Russia ... HAHAHAHHA.. Yeah.. Human Rights.. In Venezuela.. HAHAHHAHA..
In Da Swamp:
The Impeachment Trial should start today. Expect outrageous claims and posturing but little drama.. There is NO chance of conviction...Democrats threaten to "Punish" Trump for not testifying.. which is ANOTHER meaningless threat for theatrical purpose... He's gone.. What are ya gonna two? Take 2 shots off his handicap?
Vindictive shrew Nancy Pelosi fined two Republican Reps $5000 for going to the bathroom and not walking through the metal detector when they returned to the House Chamber. Nevermind, she doesn't have the authority to impose such a fine without some kind of hearing .. But.. low and behold..the next day, Speaker Pelosi herself returned to the Chamber from a side entrance and did not go through the detector HERSELF. Of course she is being asked if she will fine herself!! or.. maybe rescind the other fines.. Nancy? Nancy? Hello? Nancy?.. Hello? .. strange.. Her office won't comment.. huh..
CONGRATULATIONS!!! ... It's a ... YOU'RE DEAD!!! A couple in Michigan bought an old cannon to do a "Gender Reveal" for their baby. When they shot it off it EXPLODED and sent shrapnel flying. One of the people nearby was hit and killed. Can this be it? Can this be the END of those DOPEY, "Gender Reveal" events? Put a balloon on your mailbox and go back to work !!!
The Pro Football Hall of Fame announced their 2021 class. (Yeah, I know it was Saturday but I saved it for Tuesday because Tuesday SUCKs for sports) .. Peyton Manning, Calvin Johnson, Charles Woodson, and Jared Allen, Alan Faneca, Tom Flores, John Lynch, Bill Nunn, and Drew Pearson.
Tennis: The Australian Open is underway after a quarantine of players.. This will be the first event with NO line judges. The electronic system will beep when balls are out..
Tuesday RIPs.. RIP to Baseball reporter Pedro Gomez who died unexpectedly at 58.. . RIP Mary Wilson, 76. Singer and Co-Founder of "The Supremes" ... RIP George Shultz, 100 who held positions in the Nixon and Reagan Administrations... RIP Boxer Leon Spinx, 67 who once beat Ali ... RIP to Trisha Noble, 76 of Star Wars fame ... RIP to actor Hal Holbrook, 95 of MANY films .. and RIP to Christopher Plummer, 91 best known for, "The Sound of Music" ... and..
Model Giselle Bundchen ..HERE ..will NOT re-sign with IMG Models ending her 22 year run with them. Her twin sister, Patricia, ..HERE ..who is already her manager will take over the rest of her "professional" affairs ..
Ashley Benson broke up with her boyfriend so she appears available. I was her "rebound guy" last time.. so.. If any of you are interested....HERE..Give it a shot !!! Be careful though.. she is a pretty little liar...
Global stock markets are still in an upbeat mood after U.S. benchmarks set fresh records yesterday. Investors have renewed confidence that a new round of stimulus spending will bolster the U.S. economy, while upbeat earnings from large U.S. multinationals have calmed some of the anxiety over the manic GameStop-Reddit trading. More than 80% of companies that have reported results so far have beaten consensus expectations. In Asia, The Shanghai Composite Index rose 2.0% and Hong Kong's Hang Seng increased 0.5%, while the Nikkei 225 in Tokyo gained 0.4% to 29,418.23. European stocks are mixed with the Stoxx 600 off 0.3%. Oil markets continue to rally, with Brent crude futures up 0.5% and WTI Crude futures 0.3% higher. The yield on the 30-year U.S. Treasury bond is 1.93% after it briefly pushed past the 2% level for the first time since February of last year when the pandemic disrupted debt markets. In crypto world, Bitcoin (BTC-USD) blew past the $47K level as the Tesla (NASDAQ:TSLA) investment sparks broader interest. U.S. stock futures are down slightly ahead of the open. Intriguing earnings reports due out today include updates from DuPont (NYSE:DD) on free cash flow, Twitter (NYSE:TWTR) on potential subscription offerings and Lyft (NASDAQ:LYFT) on efforts to set up a delivery business. (2 comments)
Electronic Arts (NASDAQ:EA) is set to buy Glu Mobile (NASDAQ:GLUU) in a deal that will offer a big expansion to EA's player network of half a billion-plus. The all-cash deal values Glu at $2.1B in enterprise value, with Glu shareholders catching a 36% premium to Friday's closing price. The merger means a mobile portfolio for the combined company of more than 15 top live services with $1.32B in bookings over the past 12 months. On closing, the deal will be immediately accretive to EA's net bookings and is expected to grow underlying profitability beginning in its first year. What to watch: Electronic Arts said it struck the deal because it believes mobile is the fastest-growing platform on the planet for videogames. Of note, the Glu acquisition will add several popular franchises and instantly expand EA's audience. The early reaction from Wall Street is positive, with analysts noting EA poised to double its mobile game revenue, although some execution risk is cited. Within the gaming sector, Zynga (NASDAQ:ZNGA) is up 7% in premarket trading off the M&A buzz. Other public and private peers like Rovio (OTC:ROVVF), GungHo Online Entertainment (OTC:GUNGF), Nexon (OTCPK:NEXOF), Netmarble, and Gamevil could also attract interest if consolidation in the sector picks up. (45 comments)
Reddit doubled its valuation to $6B with a new $250M funding round led by venture-capital firm Vy Capital. The social media site was valued at $3B after a funding round in February of 2019. Current investors in Reddit also include venture-capital firm Andreessen Horowitz and Tencent Holdings Limited (OTCPK:TCEHY). Reddit Chief Executive Steve Huffman said the company plans to use the new funding to invest in areas like video, advertising and consumer products. An expansion into international markets is also being considered. Next stage: Reddit was founded in 2005 and has its DNA in free speech message boards. The site relies on its own users to voluntarily police speech, in contrast to the larger social media platforms such as Facebook (NASDAQ:FB) and Twitter (TWTR) that rely mainly on algorithms and paid workers. User growth soared 44% over the last year to a daily average of 52M. That all leads up to the intriguing question of how Redditors would rate a Reddit IPO if the company ever decided to go public? (18 comments)
Bitcoin (BTC-USD) surged past $42K again after Tesla (TSLA) disclosed it invested $1.5B in the crypto and expects to begin accepting Bitcoin for payment "in the near future." The bitcoin investment will give Tesla liquidity in the cryptocurrency once it starts accepting payments and follows positive comments by Elon Musk last month on the cryptocurrency. Tesla ended 2020 with just over $19B in cash and cash equivalents on hand. What they are saying: Wedbush Securities analyst Dan Ives says the Bitcoin play formalizes the strategy of Musk and Tesla to dive into the deep end of the pool of bitcoin and crypto and sees a positive impact for the stock. Meanwhile, RBC Capital wonders if Apple (NASDAQ:AAPL) may be the next big company to buy Bitcoin. Analyst Mitch Steves said the tech giant could unlock a multi-billion dollar opportunity with a few clicks while investing in next-generation chips as well. On CNBC, MicroStrategy (NASDAQ:MSTR) CEO Michael Saylor said he would rather have a volatile appreciating asset than a stable depreciating asset in pitching the case for corporate treasurers to swap out dollars for Bitcoin on company books. (333 comments)
What else is happening...
Take-Two Interactive (NASDAQ:TTWO) slips after earnings. Pfizer (NYSE:PFE) / BioNTech (NASDAQ:BNTX) double the vaccine supply to EU. Netflix (NASDAQ:NFLX) dominates again in streaming war. Microsoft (NASDAQ:MSFT) VC fund's global head joining SoftBank (OTCPK:SFTBF) Vision Fund. Super Bowl ratings delay has many expecting heavy viewer decline.
Monday's Key Earnings
In Asia, Japan +0.4%. Hong Kong +0.5%. China +2%. India +0.1%. In Europe, at midday, London -0.1%. Paris -0.02%. Frankfurt -0.6%. Futures at 6:20, Dow -0.1%. S&P -0.08%. Nasdaq -0.1%. Crude +0.3% to $58.22. Gold +0.7% at $1847.40. Bitcoin +19.3% to $46,520. Ten-year Treasury Yield -1.2 bps to 1.148%
Today's Economic Calendar
6:00 NFIB Small Business Optimism Index 8:55 Redbook Chain Store Sales 10:00 Job Openings and Labor Turnover Survey 12:00 PM Fed's Bullard: “2021 Dow Lecture: U.S. Economy and Monetary Policy” 1:00 PM Results of $58B, 3-Year Note Auction
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