Read this First 09/24/2019
Teresa Halbach. 14 years ago Halbach was found dead in Manitowoc County, WI. The Netflix series, "Making of a Murderer" followed the case of Steve Avery and his mentally impaired nephew, Brendan Dassey. Avery and Dassey claim the local police had a vendetta against their family. Their conviction 10 years ago has been appealed and Dassey had his case go all the way to the Supreme Court. Well, a guy in jail for other murders confessed to killing Teresa Halbach. He had enough details that prosecutors and attorneys are taking it seriously. Wow, were Avery and Dassey set up? Is this new guy for real? Is Netflix paying him because the last show launched their "original" content to "legitimacy" and they want to do a "Murderer II? I wouldn't doubt it.. Follow the Money !!..
In the UK, their high court has ruled that PM Boris Johnson acted unlawfully by shutting down Parliament for a month in order to effect the Brexit vote. The question is: Now What? What's the Remedy? You cannot turn back the clock and RE-open it. I guess the ruling is for "Next time"? ..... Also in Europe: France, Germany and the UK issued a joint statement. After reviewing satellite video they said, “It is clear to us that Iran bears responsibility for this attack. There is no other plausible explanation,” and "We Support ongoing investigations to provide further details." .. Russia claims B.S. and that there is no evidence. OF COURSE THEY DO!!! (Uh.. satellite video is not evidence?) ..
In da USA, GM enters week two of their strike. Many claim the UAW leaders are pushing the strike to cover their butts. Several leaders are under serious corruption investigations. Many say the "Strike and get Democratic Candidates to come" helps their position. The UAW Leaders say it's about more pay, better healthcare and job security. Uhh... hmm... the average union worker at GM makes $90,000 and in each of the last four years received a $10,000 profit sharing check. That's not enough? If you bankrupt GM then ALL the jobs go. That's not a very good, "Job Security" plan .. ..and... I am all for protecting our planet. Move toward renewable energy. Nuclear, Solar, etc. But, we are not there yet.. Having said that, these Ninnies in NY have lost their minds. Exploiting a 16 year old girl to "push your narrative"?? Weird people "twerking in traffic" to stop cars is supposed to argue for "Climate Change Action". This Greta girl that is getting all the press is a pawn. (She also happens to be a petulant, punk-azz kid. ..Can someone put her on the Bad Egg Machine? Like they did to Veruca Salt ..HERE At least Willy Wonka was a fun movie.) The Loser Media digs themselves further into the hole of fakeness by reporting her tearful cries, "How Dare you.." and ignoring her parents putting her in Terrorist Antifa Clothes. HERE I'm guessing you didnt catch the ANTIFA Terrorist thing on the Evening News? Doesn't "Fit the story" .. This too shall pass.. and the "Non-ninnies" that actually have a plan or two to HELP the problem will keep WORKING on it.. instead of exploiting and offering NO potential solutions other than grounding planes and killing farting cows ..
In the Swamp: (Cue the SHOWDOWN music from the Clint Eastwood movies) .. The Democratic Sociopaths are having their "Impeachment Meeting". Speaker Pelosi has called a 4:00pm Meeting of the Democratic Caucus to discuss Impeaching the President. Joe Biden and Hilary should lead the discussion. It is a COMMON trait among Sociopaths to accuse YOU of what THEY are guilty of doing. Corruption? Pay to Play? Let's Charge the PRESIDENT with what WE did. .. Look Dems.. Nominate Oprah and beat him in an election. I will bet ALL takers $1: If Elizabeth Warren is the candidate..and you continue to pass NOTHING except an Impeachment vote. YOU WILL LOSE in 2020. ... and ...
Puerto Rico can't catch a break. Still recovering from Hurricane Maria.. problems with infrastructure and their power grid.. Political corruptions.. and.. A 6.0 Earthquake struck Puerto Rico last night. No major damage has been reported ...but now Tropical Storm Karen is headed to the US Virgin Islands and Puerto Rico...Everyone should stay inside!!.. Well, except Henry Hill.. IM STILL GONNA GO OUT, KAREN !!!
SPORTS: Monday Night Football: Redskins season ticket holders should demand their money back. 31-15 but it was much uglier. It's not like the Bears looked great.. the Skins didn't even TRY to block Khalil Mack. .. The NY Giants got bad news. Star RB Saquon Barkley is out 4-8 weeks with a high ankle sprain. .. NCAA: Looks like the NCAA is gonna hit Kansas Basketball with a bunch of violations. The "Level 1" charges could keep Kansas out of the NCAA Tournament for a few YEARS. Nothing official yet .. .. and.. The PGA Tour goes to Napa for the Safeway Open. Don't bet on the players that like wine. They'll be doing TOURS instead of working on their game!!
CELEBRIDIOTS: If you are over 40 you might want to skip to the bottom of this section.. Ill give you a second.. alright.. I warned you... Happy Birthday to Bruce Springsteen. Bruce was born 9/23/1947. That's right readers. Bruce is 70 years old. Make you feel a little old? .. He is still out there crushing it.. Good for you. Bruce ... and.. the Emmy's ratings are out.. and you guessed it.. ANOTHER record.. Another ALL TIME LOW. They had better come to grips with the fact that America is TIRED of self-important actors giving awards to OTHER actors and then telling us how AWFUL we are because we don't donate to your, "Every Dog needs Nail Polish" charity. .. They should install Ricky Gervais to Host the Oscars, Emmy's, and Golden Globes. Promote it enough and he will SAVE the shows.. (on second thought. DON'T do that.. let the shows die.. then put re-runs of the Office on instead..) .. and.. Actress Jennifer Lawrence is apparently getting married. She shared her "Amazon Wedding Registry" online yesterday. If that is an attempt to get fans to buy her stuff, AWESOME. I love it.. if she is being paid by Amazon and its just ANOTHER thing they are trying to take over I think that is kinda beat.. ..and.. the Iheartmusic Festival happened in Las Vegas this weekend.. No, I didn't go.. YES, I forgot to mention it yesterday .. but I gotta say.. more about music than, "Red Carpet Antics" .. Camila Cabello tried her best to make me take her back.. HERE . .. I know you're just Shawn's beard. Call me..
Europe's top court declared today that Google (GOOG, GOOGL) does not have to remove links to sensitive personal data worldwide, five years after a "right to be forgotten" ruling forced it to delete links to personal information on request. The case tested Europe's right to extend its laws beyond its borders and pitted privacy rights against free speech. Another ruling saw Starbucks (NASDAQ:SBUX) win an appeal against an EU demand to pay up to €30M in back taxes to the Netherlands, while Fiat Chrysler (NYSE:FCAU) lost its appeal to pay back a similar amount of levies to Luxembourg. The outcomes could signal how the same judges will decide a related €13B case against Apple (NASDAQ:AAPL).
Suspension of parliament unlawful
Prime Minister Boris Johnson acted unlawfully when he suspended Parliament this month for five weeks, according to the British Supreme court, opening the door to new challenges to his Brexit strategy. Sterling rose nearly 0.4% on the back of the decision to trade at $1.2478. The President of the Supreme Court, Brenda Hale, said there was no justification for the government taking such extreme action, but that it was for parliament to decide what to do next.
U.S. stock index futures are ahead by 0.3% after Treasury Secretary Steven Mnuchin confirmed U.S.-China trade talks will resume next month. The cancellation of a planned trip by Chinese trade negotiators to U.S. farming regions, and accompanying uncertainty, helped send shares lower on Friday and kept prices steady on Monday. More optimism? Chinese importers further said they would buy about 10 boatloads of U.S. soybeans - around 600,000 tonnes - to be shipped from Pacific Northwest ports from October through December.
Alibaba (NYSE:BABA) has scored approval for the proposed restructuring of its relationship with payments affiliate Ant Financial, more than 18 months after the deal's debut. Alibaba will exchange its profit sharing arrangement - which entitled it to 37.5% of Ant's pre-tax profits - for a 33% stake in the group, which was valued at $150B following a funding round in June 2018. "We expect (the transaction) to see greater synergy coming from the whole Alibaba economy," said CFO Maggie Wu. Ant Financial is also acquiring assets overseas via deals in India and Thailand, en route to a potential IPO.
Flirting with new record highs back in June, Netflix (NASDAQ:NFLX) entered negative territory for the year on Monday, erasing all of its 46% gain for the year at its peak. What happened? Netflix was hit by a rare loss in U.S. subscribers and a large miss on international subscriber adds in the second quarter, while its most popular show The Office was stripped from its platform by NBC (NASDAQ:CMCSA). Even bigger is increased competition in the streaming wars, with upcoming offerings from Apple (AAPL), Disney (NYSE:DIS), WarnerMedia (NYSE:T) and NBC. Go deeper: Underlying metrics don't fare better for Netflix.
Reversing plans to shift assembly of its new Mac Pro to China, Apple (AAPL) is keeping production of the computer in Texas. It follows the Trump administration's decision last week to grant tariff exemptions on 10 items Apple imports from China, including components like power supplies and logic boards. "We thank the administration for their support enabling this opportunity," CEO Tim Cook said in a statement. Go deeper: Bluesea Research sees Apple buybacks coming to an end.
Each country will make "its own decision" on when the Boeing (NYSE:BA) 737 MAX returns to service, according to FAA Administrator Steve Dickson, who has not yet set a timeline on when to allow the jets back in U.S. skies. The planes have been grounded worldwide since mid-March after two crashes within five months of each other killed 346 people. On Monday, Boeing also announced that it will pay $144,500 to each of the victims' families from a $50M financial assistance fund.
Shares of Overstock.com (NASDAQ:OSTK) slumped 25% on Monday after the company announced the resignation of another key executive, CFO Greg Iverson, and cut its earnings guidance. Losses since Sept. 12 now total more than 50% amid increased volatility following the departure of CEO Patrick Byrne late last month. The stock, which peaked in early 2018 at about $86 a share, is now trading below its May 2002 IPO price of $13 and is at its lowest mark since late June, according to FactSet. Go deeper: Mixed ratings on Overstock.com.
AB InBev (NYSE:BUD) is raising about $5B in a Hong Kong IPO of the brewer's Asia-Pacific unit after pricing it at the bottom of a marketed range. Even so, the IPO will be the second biggest global offering this year, trailing only Uber's (NYSE:UBER) $8.1B flotation, and will give Budweiser Brewing APAC a market cap of more than $45B, making it one of the world's largest listed brewers. The proceeds will help AB InBev cut its $100B-plus debt accumulated after the purchase of rival SABMiller in 2016.
Juul under criminal investigation
Federal prosecutors in California are conducting a criminal probe into e-cigarette maker Juul (JUUL), in which tobacco giant Altria (NYSE:MO) owns a 35% stake, WSJ reports. Regulators have criticized Juul for fueling a teen vaping "epidemic," while lawmakers have urged the FDA to pull most e-cigarettes off the market. It follows an outbreak of a deadly lung disease linked to vaping that has sickened at least 530 people and killed eight.
What else is happening...
General Motors (NYSE:GM) furloughs more workers as strike continues.
New era... Honda (NYSE:HMC) goes all electric in Europe.
Lockheed (NYSE:LMT) wins NASA contract worth as much as $4.6B.
PayPal (NASDAQ:PYPL) audited for money laundering Down Under.
Fitness-tracking Alexa (NASDAQ:AMZN) earbuds and larger Echo.
Facebook (NASDAQ:FB) buying brain-computer startup for $1B.
In Asia, Japan +0.1%. Hong Kong +0.2%. China +0.3%. India -0.1%. In Europe, at midday, London -0.3%. Paris +0.3%. Frankfurt +0.2%. Futures at 6:20, Dow +0.3%. S&P +0.3%. Nasdaq +0.4%. Crude -1% to $58.04. Gold -0.2% to $1527.80. Ten-year Treasury Yield +1 bps 1.72%
Today's Economic Calendar
8:55 Redbook Chain Store Sales 9:00 S&P Corelogic Case-Shiller Home Price Index 9:00 FHFA House Price Index 10:00 Consumer Confidence 10:00 Richmond Fed Mfg. 1:00 PM Results of $40B, 2-Year Note Auction
Roger “Raj” Searing firstname.lastname@example.org
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