Your daily source for trading strategies, tech news, and politically incorrect humor.
Dear eMBers,
INVESTOR INSIGHTS – Market Update
It’s Thursday.
Formal trade talks resume between the US and China.
But that’s about all anyone agrees on.
If you look to Bloomberg News, things look a bit promising. According to sources, it seems like the currency deal could happen faster. Tariff hikes scheduled for October 15th would be suspended.
This would be Phase 1. Phase 2 would happen later. That’s when critical issues like intellectual-property rights and forced tech transfers would take center stage.
Over at the NYT, there were talks of green-lighting issuing licenses to some US companies. This would allow them to conduct business with Huawei, a company blacklisted earlier this year.
China’s news outlets paint a different picture.
The South China Morning Post reports “groundwork” talks had made zero progress on critical issues.
The face to face meeting got cut from two days to one.
The Chinese delegation will pack up and head home this evening.
The markets aren’t loving the confusion, DJIA futures were down as much as 322 points.
Will trade talks boom or bust?
Boom Bust
YOUR SILICON VALLEY (LIBERAL) OVERLORDS
To “prevent forest fires” (and protect their butts) PG&E is shutting down parts of California’s grid.
The move will leave about 800,000 customers without power. With a “customer” equaling a household or business, individual numbers will be much higher.
There was little notice. Specific warnings didn’t come until Monday.
Then the website showing outage maps crashed. Many customers got left in the dark in their search for information.
(Photo Source: PG&E – shared on SFgate.com)
Bad news for many Californians.
Great news for Generac Holdings, a backup generator company. They focus on homes and businesses.
Yesterday, their stock climbed almost 10%. By comparison, the S&P 500 was only up 1.1%.
Before this, the company had a difficult time breaking into the California market.
Not anymore!
TRUMP DERANGEMENT SYNDROME
In a recent opinion piece, Townhall hit the nail on the head.
TDS suffering Democrats aren’t trying to impeach Trump because they hate him.
They’re doing it because they really hate YOU.
Don’t get us wrong – they absolutely despise the man. But their real beef is with us – everyday, hardworking Americans.
Don’t forget, the Washington Post ran a headline on Inauguration Day.
It read, “The Campaign to Impeach President Trump Has Begun.”
(Photo Source: AP Photo/J. Scott Applewhite_)
Fake news, phony stories and coordinated lies haven’t had their desired impact.
Every time, they fall flat, but get his loyal base fired up.
His approval rating among Republicans has swelled to 95%.
He raked in over $125 million in 3rd quarter fundraising.
And it’s only made them double down on their efforts.
“What’s fueling them is their hatred for your freedom, your faith, your guns, your prosperity, your family, your property…”
NEW TECHNOLOGY
Five hundred miles outside of Silicon Valley… This tiny company — trading under a code name — is about to unleash a radical, new $12 trillion technology. Mark my words… BlackRock, JPMorgan Chase and Deutsche Bank — to name just a few — have all started quietly scooping up shares. Because they recognize the extraordinary potential here, as I do. This stock may never be this cheap again. Now is the perfect time to grab as many shares as possible.
TRUMP IS WINNING
Is Trump working on his next big win?
Yesterday, he called on the Supreme Court to strike down the DACA program.
The hearing is set for November to decide if Trumps termination of the Obama-era program was legal.
In a Tweet yesterday morning he said, “If the Supreme Court upholds DACA, it gives the President extraordinary powers, far greater than ever thought.”
Rep. Mario Diaz-Balart agrees.
“If DACA was eliminated, the urgency and pressure would mount to get it done,” and done the right way.
CRAZY-INTERESTING OR RIDICULOUSLY-WEIRD
Looks like humans aren’t the only one squirreling away for darker days.
Squirrels have gotten in on the action to. Just look what one woman discovered when she looked under her hood:
Looks like humans aren’t the only one squirreling away for darker days.
Squirrels have gotten in on the action to. Just look what one woman discovered when she looked under her hood: There were over 200 walnuts mixed in with grass and straw.
ADDITIONAL READING AND RESOURCES (ARR)
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