Read this First 06/29/2020

Princeton WINS !!! It's only Monday but Princeton University wins the WOKE-IDIOT of the week award !!! Princeton has removed the name of the former President from The Woodrow Wilson School of Public and International Affairs after pressure from the "woke police" over Wilson's "racist views". AHAhHAHHA.. HAHAHHA.. You DOPES !!! .. But, Raj, you say.. This is certainly woke-silliness but why should it win the award of the week on a Monday without giving anyone else a chance??? .. Simple: If these dopes took a walk down the campus from the Public Affairs department to the HISTORY department they might have learned an interesting factoid.

The name at the top of EVERY DIPLOMA you have put out is "Princeton". Princetown.. Named after Prince William III of Orange. Yes, that would be the same William of Orange III that took over the Royal African Company in 1689. . The BIGGEST Slave trading company in the world!! In the UK, the Black Lives Matter groups are throwing statues of William III into the river. .. These Princeton idiots could have condemned racism and put a statue or monument in front of the Wilson building saying that "most former political leaders have something about them that would make them less popular in 2020 and Wilson's faults included his stands on racism." Then put a "BLM" statue up. But, NOOOOOOO.. The Administration at Princeton decided, "We've been third to Harvard and Yale for TOO LONG. We wanna be #1 !!! We're gonna go "FULL WOKE". and be #1 in WOKE !!! ...

Well guys and girls, that means going back to being called, "The College of NJ" like when you started and dropping the RACIST Princeton Name !!! WELL???? Will you???? We're WAITING!!!! .. oh, and put the College of William and Mary on "woke notice", too. THAT William is the SAME William III of Orange

(No word if they are pulling episodes of "House" the TV series that was staged in an around Princeton, NJ.. and No word if Albert Einstein will be cancelled for working at the "racist" Princeton University of Advanced Study) ...

There is story going around that Russia offered bounties to Taliban militants to kill certain forces in Afghanistan that included some Americans. This would obviously be BAD. But, the "sources" are weak and I can't tell if this is just a political hit job or "real news" ... and..

CORONAVIRUS Update: It's up to you guys and girls.... Ill keep reporting these numbers if you want but they are all crap. I'm not saying that the CDC or John's Hopkins is purposely lying .. but .. the data is sooooooo suspect. The current numbers worldwide are over 10 million "known" cases. 500k deaths and 5 million, "recovered". So, basically, 4.5 million people have it RIGHT NOW? The "other" studies show 55-60% of people that have it show no symptoms so they don't know that have it. Does that mean there are another 25 million that have it? or HAD it? .. Wear a mask if you have to do into store..Wash/sanitize your hands ...keep six feet away from people. Don't let the media scare you into depression and permanent isolation... and..

In the USA, three States had halted or reversed their "staged re-openings" because of a surge in new cases. The surge is due to people not following the "rules" of social distancing and going to the beaches, protests, bars and restaurants .. States with increases going on are Alabama, Arizona, Georgia, Florida, Mississippi, Nevada, South Carolina, Utah and Texas...and...

If you are from NY you had better listen to that last paragraph. Gov. Cuomo says if you travel to any of those States you lose your paid sick days. So.. er.. Forget that little fact about Shootings in NYC being up 100% from this week last year .. We don't want you paying attention to that .. so we're gonna ban you from going to Florida .. in JULY.. when its 100 DEGREES. Because, EVERYONE in NY goes to Florida in JULY not December or January ..Right???...

In Da Swamp: The Democrats wasted another few says of time and millions of your tax dollars passing a bill to make Washington DC the 51st State. Why? It's heavily Democrat and they would get two more Democrat seats in the Senate. (they already have a seat in the House but it's non-voting). The pushers of the Bill claim its high time they got "representation" because they pay Federal Taxes.. This is a waste of time because it will not even be brought for a vote in the Senate. .. Here's an idea that saves taxpayer time and money and gets you your "Representation" ...

GIVE IT BACK !!! Washington, DC was purposely carved out as "Federal Land" from Virginia and Maryland so that no State could exert power over the Federal Government. (well, to be fair.. it was also likely because George Washington wanted to unload some of his swampy, worthless farmland and get paid for it..) .. Anyways.. The Virginia part of DC was given back to Virginia. Let's make the Federal Buildings and squares part of the Federal Parks System and cede the remaining land back to Maryland. There, you get your "representation". Easy Peasy Lemon Squeezy ..

President Trump retweets a "Party, rally, Trump Parade" from the retirement town, "The Villages" saying, "Thank you for your support from the Great People of the Villages..." and had to pull it down because at one point in the video there is a guy in the crowd screaming, "White Power"... Might wanna have your crew check on those videos before sending them out. You're acting like the Loser Media. "Get it out FAST and check it Later"

SPORTS:

BAMMMM!!!!! The New England Patriots sign Cam Newton to play QB. I guess Bill Belichick thinks Newton can overcome whatever injuries he has been fighting. Fans in Boston were reached for comment: "I loved TAAHMM and he is the GOAT.. But, Belichick is Wicked Smaahhtt. We gonna make the play aahhffss first yeeee-ah wit Cam"

Just a question for you readers. The Patriots were fined $1.1 million for cheating. They were filming other teams sidelines. Is there ANY chance that they waited to announce the signing of a Former MVP Quarterback until the same time as the FINE was announced?? That's just coincidence. Right??

GOLF: Dustin Johnson found his putting stroke and laid down the hammer in Connecticut.. He finished 61-67 to win the Travelers.. on to Detroit for the "Rocket Mortgage" Classic. .. and..

CELEBRIDIOTS:

Golfer Brooks Koepka's girlfriend Jena Sims got heat on the internet last month after giving Brooks one of the worst haircuts EVER .. with Brooks sidelined this week from the PGA Tour (his caddied tested positive) Jena gave it another shot .. It didn't go much better.. HERE .. why does Brooks keep letting her do this? Well, he can't get a haircut at the barber yet .. and Jena looks like THIS HERE .. and HERE ..

Mike Tyson may be moving back into the Sports Section, soon. He released another video of himself training.. and I would NOT want to be the guy that he fights in his first comeback match ..

One of the WORST parts of COVID-19 are that things like the BET Awards happen and there is no red carpet for me to pick winners. Sad, Right? .. Well.. I won't disappoint my readers like that.. so.. Over the past 20 years .. HERE. .. and .. HERE are the "Winners of the BET - 2000's " Kelly Rowland and Ciara .. Ciara also won in 2019 but the 2013 dress was hotter .. I'd invite her over to the Raj Tub but her husband plays in the NFL and the only Athlete/Husband that scares me more is Carrie Underwood's husband. He was in the NHL. If you hit them, they LIKE IT!! .. If you punch them in the face they smile and say. OH YEAH.. ITS ON!!! LETS DO THIS!!! .. then they say, "Honey, Hold my teeth... Im gonna put a beatin on this wizeazz writer dude... then, buy him a beer... "

From SeekingAlpha.com

Organizers of the "Stop Hate for Profit" campaign against Facebook (NASDAQ:FB) are preparing to take the battle global, as well as emboldening regulators in Europe to take a harder stance on the social media giant. Since the campaign launched on June 17, more than 160 companies, including Coca-Cola (NYSE:KO), Starbucks (NASDAQ:SBUX), Unilever (UN, UL) and Verizon (NYSE:VZ), have pledged to stop buying Facebook ads for the month of July, and some have gone even further. While CEO Mark Zuckerberg laid out some policy changes on Friday, the boycott publicity sent Facebook's stock down 8%, wiping out $56B in market capitalization. What does the campaign want from Facebook? Solutions include a separate moderation process to help users who are targeted by racism, more transparency on how many incidents of hate speech are reported and to stop generating ad revenue from harmful content. FB -2.6% premarket.

Chesapeake Energy files for bankruptcy

The U.S. shale industry pioneer, long rumored to be seeking a bankruptcy filing, has formally commenced the process after filing for Chapter 11 proceedings. What happened? Chesapeake Energy (NYSE:CHK) amassed a huge land position that came with a lot of debt and commitments to drill, as well as long-term contracts with pipeline companies that turned into liabilities. The firm has $925M in debtor-in-possession financing to get through the bankruptcy process, while creditors will likely expect it to emerge as a much smaller entity. According to analysts, more than 200 shale companies may file for bankruptcy over the next two years if oil and gas prices stay around current levels.

Struggling for direction

Following a brutal selloff on Friday, U.S. stock index futures seesawed overnight as investors digested the latest coronavirus infection rates and what it will mean for the economy. At the time of writing, Dow futures are up 128 points, the S&P 500 is ahead by 0.4%, while contracts tied to the Nasdaq are dipping into the red due to troubles at Facebook (FB). Over the weekend, coronavirus cases worldwide passed 10M, with more than 500K deaths (2.5M infections were confirmed in the U.S. and more than 125K deaths were from COVID-19). On Sunday, Health and Human Services Secretary Alex Azar also warned that the "window was closing" for the U.S. "to take action and get the coronavirus pandemic under control."

737 MAX recertification

Boeing (NYSE:BA) and the FAA today will begin a three-day certification test campaign for the 737 MAX, which has been grounded for nearly 15 months. "Likely weeks later, after the data is analyzed and training protocols are firmed up, FAA Administrator Steve Dickson will board the same plane to make his assessments," Reuters reports. "If all goes well, the FAA would then need to approve new pilot training procedures, among other reviews, and would not likely approve the plane’s ungrounding until September." Based on those projections, the jet would be on a path to resume U.S. service before year-end, though the process has been plagued by delays for more than a year. BA +3% premarket.

Future of travel

Historic changes may be coming to the travel sector as the coronavirus pandemic reverberates to all areas of the industry. Airbus (OTCPK:EADSY) is assuming a 40% drop in production over the next two years as it draws up rapid restructuring plans to deal with the upcoming slump. "I will go on the record to say that travel will never, ever go back to the way it was pre-COVID. It just won't," Airbnb (AIRB) CEO Brian Chesky told Axios. "There are sometimes months when decades of transformation happen." He predicts that vacationers will stay closer to home in the near future, largely limiting their travel to places within driving distance, though "people will, one day, get back on planes."

Fed reveals corporate bond purchases

The central bank has purchased the bonds of 794 different companies, with the paper of Apple (NASDAQ:AAPL), Verizon (VZ), AT&T (NYSE:T), and the U.S. divisions of Toyota (NYSE:TM), Volkswagen (OTCPK:VWAGY), and Daimler (OTCPK:DDAIF) making up 10% of the amount spent. The plan is to buy $250B of debt already issued, and $500B in newly issued bonds. Fed officials have said the goal of the buying is to maintain liquidity in the market for corporate debt, so that issuers are able to access capital despite the economic downturn created by the COVID-19 pandemic.

Modernizing bank data collection

The FDIC is kicking off a competition among 20 data and technology firms to develop a new reporting prototype from the more than 3,200 community banks the agency oversees. "What we would like to do is frankly make the [quarterly] call reports obsolete, and not because we wouldn't have the data but because we would have better data and we would have more timely data," Chairman Jelena McWilliams said in a WSJ interview. The coronavirus pandemic has demonstrated how bank reporting can be out of date. For example, the FDIC wasn't able to brief the public on the first-quarter health of the industry until earlier this month, and that briefing didn't include data past March.

Brand names and logos

"The L'Oréal Group (OTCPK:LRLCY) has decided to remove the words white/whitening, fair/fairness, light/lightening from all its skin evening products," the cosmetics company said in a statement on Saturday. The announcement follows a decision by Unilever (UL, UN) on Thursday to rename their India-marketed "Fair and Lovely" skin-lightening cream for the same reason. Johnson & Johnson (NYSE:JNJ) made a similar decision earlier this month, saying it would stop selling skin-lightening products under its Clean & Clear and Neutrogena brands.

All in the family

Cosmetics maker Coty (NYSE:COTY) has agreed to buy a 20% stake in Kim Kardashian West's make-up brand KKW for $200M, according to the FT, though details on sales and profits were not disclosed. The deal values the three-year-old company at $1B, slightly less than the $1.2B valuation Coty put on Kim's younger sister Kylie Jenner's business when it bought a 51% cent stake last year. Meanwhile, shares of Gap (NYSE:GPS) soared nearly 20% on Friday after the retailer announced a 10-year deal with the Yeezy fashion brand of Kanye West, who is married to Kim Kardashian.

End of record apparel deal

Under Armour (NYSE:UAA) is discontinuing its partnership with UCLA - a 15-year, $280M contract announced in 2016 that was billed as the biggest apparel deal in the history of American collegiate sports. The company had agreed to design and supply shoes, gear and uniforms for all 25 of the university's men's and women's varsity athletic teams, replacing the university's deal with Adidas (OTCQX:ADDYY). "We have been paying for marketing benefits that we have not received for an extended time period," Under Armour said in a statement, while UCLA said it was "exploring all our options to resist Under Armour's actions."

What else is happening...

Guidance doesn't come easy in the coronavirus era.

BP (NYSE:BP) exits petrochemical business in $5B deal.

Gunmen killed after attack at Pakistani Stock Exchange.

First profits in half a year for China's industrial firms.

Nokia (NYSE:NOK) wins Taiwan Mobile 5G contract worth $450M.

AstraZeneca (NYSE:AZN) inks COVID-19 vaccine deal with Brazil.

Today's Markets

In Asia, Japan -2.3%. Hong Kong -1%. China -0.6%. India -0.6%. In Europe, at midday, London +0.1%. Paris flat. Frankfurt +0.2%. Futures at 6:20, Dow +0.5%. S&P +0.4%. Nasdaq -0.2%. Crude +0.2% to $38.56. Gold +0.2% to $1783.90. Bitcoin +0.4% to $9104. Ten-year Treasury Yield flat at 0.65%

Today's Economic Calendar

10:00 Pending Home Sales 10:30 Dallas Fed Manufacturing Survey 3:00 PM Fed's Williams Speech


Regards,

Roger “Raj” Searing rajsearing@gmail.com "Raj Searing™”, "Read this First™", "@rajsearing™", "TheRantRoom™" and “TheRantroom.com™” are Trademarks of RRRAJ, LLC. All Rights Reserved-2003.

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Stop before you hurt yourself! "

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