Financial Review

G19

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-06-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..G19 summit underway. Deals and tear gas abound. France bond auction stumbles, global bonds tumble. Waiting for the jobs report tomorrow: ADP private sector payrolls weak, initial claims up, ISM service sector growing. Ninth year of the recovery but not for everyone. Education Department sued. QVC-HSN. Berkshire-Oncor. Illinois overrides a veto to reach a budget. Financial Review by Sinclair Noe for 07-06-2017

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Financial Review

Assume They Are Still Listening

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-05-07-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW + 82 = 17,924 SPX + 7 = 2088 NAS + 25 = 4945 10 YR YLD – .06 = 2.18% OIL – 1.95 = 58.98 GOLD – 7.00 = 1185.20 SILV – .19 = 16.40   Britons voted today in one of the tightest elections in decades. Final opinion polls showed Prime Minister David Cameron’s Conservatives and Ed Miliband’s opposition Labour Party almost in a dead heat, indicating neither will win enough seats for an outright majority in the 650-seat parliament. Exit polls indicate a victory for the Conservatives but not enough for a majority, so talks will begin tomorrow with smaller parties to strike deals.   And those smaller parties could have a big influence on major decisions. The U.K. Independence Party is on track to become the country’s third largest political party. Its key goal is putting Britain’s EU membership up for an in-or-out referendum, sooner rather than later. UKIP is expected to prop up a Conservative government in exchange for an EU vote. For the financial markets, this is the No. 1 worry.  The Scottish National Party looks set for big gains in Scotland, which it wants to see split off from the rest of the U.K.   So, in addition to worrying about a possible Greek exit from the Euro-union, we now are supposed to be concerned with a British exit, and the whole thing is putting …

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Financial Review

The World Continues

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-05-04-2015.mp3Podcast: Play in new window | Download (Duration: 13:15 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW + 46 = 18,070 SPX + 6 = 2114 NAS + 11 = 5016 10 YR YLD + .02 = 2.13% OIL – .22 = 58.93 GOLD + 9.90 = 1188.80 SILV + .27 = 16.47   Orders for factory goods rose to 2.1% in March, a little less than expected. Orders for durable goods rose 4.4%; that’s for goods designed to last for three or more years. Orders for non-durable goods dropped 0.3%. But the big economic news this week will be the Friday Jobs Report. The Jobs Report for March came in at a very disappointing 126,000 jobs added; forecasters predict job creation in April will bounce back to somewhere between 225,000 to 245,000 new jobs, with the unemployment rate ticking down to 5.4%. We’ll also be watching the jobs report for any indication of wage inflation. The employment cost index was up 0.7% in the first quarter.   The government calculates that the typical household threshold for spending on housing and utilities is 30%. The AP reports that more than one in four renters spend more than half their income on housing and utility costs. This is a simple story of supply and demand. Housing supply is very tight. The rental vacancy rate has not been this low in 20 years. Tight supply and strong demand means higher prices. And as rental rates have moved …

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Financial Review

Somewhere Between Extremes

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-27-2015.mp3Podcast: Play in new window | Download (Duration: 13:15 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW – 42 = 18,037 SPX – 8 = 2108 NAS – 31 = 5060 10 YR YLD + .01 = 1.92% OIL – .16 = 56.99 GOLD + 21.30 = 1201.70 SILV + .65 = 16.50   We’ll get to the economic news in a minute, but the big market news today is Apple. Net income in the quarter that ended in March was $13.6 billion, or $2.33 a share, representing a 33% jump in profit from last quarter. Analysts on average had forecast second-quarter profit of $12.6 billion, or $2.16 a share. Revenue rose 27 percent to $58 billion, beating estimates of $56 billion. IPhone sales in greater China outpaced those in the U.S. for the first time. Total revenue from greater China surged 71 percent to $16.8 billion. IPhone unit sales jumped 40 percent to 61.2 million. That topped analysts’ average prediction for 58.1 million.   Apple forecast the momentum will continue in the third quarter, with revenue projected to rise to $46 billion to $48 billion from $37.4 billion a year ago. Apple has $193 billion in cash, with a capital return program, which now totals $200 billion. Apple will increase its share-buyback authorization by $50 billion to $140 billion, and increase the company’s dividend by 11 percent; to 52 cents from 47 cents.   To recap: Apple posted better than expected sales and profit; they …

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