Nike Tumbles After Missing On Gross Margins; China, Latin America Sales

Moments ago Nike reported Q1 earnings which beat on the top and bottom line, with EPS of 67c beating the estimate of 63c (with a 14% tax rate), on revenue of $9.95BN, also just above the $9.94BN, if not quite above the high end of…

Jamie Dimon: I Could Beat Trump In An Election, “I’m Smarter Than He Is” 

Jamie Dimon thinks he could beat Donald Trump in an election, telling a New York audience “I think I could beat Trump… because I’m as tough as he is, I’m smarter than he is,” adding “I can’t beat the liberal side of the Democratic party.” …

North Korea Blasts “Double-Dealing” US After Pompeo’s Canceled Trip

The war drums are starting to beat again. The North Korean media lashed out at the “double-dealing” US for “hatching a criminal plot” against Pyongyang, days after Donald Trump told Secretary of State Mike Pompe to cancel his upcoming trip to North Korea. In an…

Careful What You Photograph in Uganda

Expand Ugandan soldiers surround and beat photographer James Akena in Kampala during protests on August 20, 2018. ©2018 Private A video of soldiers beating and arresting photojournalist James Akena in Uganda rightly caused outrage this week. Akena was photographing protests against the arrest and torture…

Stocks & Bonds Sink Despite Hot Apple, Roasted Turkey, Euphoric Fed

Seemed appropriate…   So Apple beat expectations…and a buying panic ensued… But disappointed everyone by not becoming the first company to be worth ONE TRILLION DOLLARS today… Doubled in size since June 2016   Little to no real initial reaction to The Fed statement… and…

Companies Say Negative Impact From FX Outweighing Trade: FactSet

While the Q2 earnings season “unofficially” began Friday with JP Morgan’s beat on both the top and bottom-line estimates, roughly 5% of S&P 500 companies have already released their quarterly results. And a FactSet analysis of company earnings calls revealed that while American companies have…

Big-Tech & Small-Caps Record High But Bonds, Bullion, & Black Gold Bounce

This seemed appropriate… Quick summary – ISM/PMI beat (good news) and stocks sank but as Europe closed (Italy was ugly again today), so a mysterious bid returned to US stocks – the Dow and S&P scrambled back green briefly, Nasdaq and Small Caps surged again…

Unabated Attacks on Transgender Women in Khyber-Pakhtunkhwa

Expand A group of transgenders beat their chests and chant slogans to condemn the rape and killing of 7-year-old girl Zainab Ansari in Kasur, during a protest in Karachi, Pakistan January 13, 2018.    © 2018 Reuters / Akhtar Soomro Unknown assailants shot Muni, a…

There Is Now A Non-Trivial Chance Of Rate Hike Next Week

While the long-term economic outlook is increasingly murky, today’s data which saw a beat in GDP and the highest employment cost index since 2008, has convinced traders of one thing: a June rate hike is coming. As seen in the chart below, the probability of…

Dow Dumps Below Yesterday’s Lows As Boeing Gives Up Gains

After Boeing’s beat sparked pre-market buying, sending The Dow green as the cash session opened, TV pundits proclaimed the ‘greatness’ of earnings season. But that didn’t last long…     And Nasdaq is worst once again… It appears the broad selloff – especially in tech…