Search This Blog

Thursday, October 22, 2015

CNBC Morning Squawk Box - October 22, 2015



IN THE NEWS TODAY

U.S. stock futures were higher this morning, with Wall Street trying to avoid its first three-session losing streak of October. Investors get plenty to consider today, including earnings, U.S. economic reports, and a policy statement from the European Central Bank. (CNBC) 
Dow components 3M (MMM), McDonald's (MCD), and Caterpillar(CAT) lead this morning's earnings list, with Google parent Alphabet(GOOGL), Amazon, (AMZN), and Dow stock Microsoft (MSFT) out after the bell. (CNBC) 
AT&T (T), also out with earnings this afternoon, warned about revenue, saying analyst projections were inflated because of discrepancies involving the accounting for AT&T's recent acquisition of DirecTV. (CNBC) 
American Express (AXP), a Dow stock, late Wednesday missed on earnings and revenue. Cautious spending by customers was a key factor, as average transaction levels fell by 3 percent. (CNBC) 
Now separate from PayPal, eBay (EBAY) late Wednesday beat on earnings and matched forecasts on revenue. The e-commerce giantboosted its profit forecast and gave an upbeat holiday season outlook. (Reuters) 


Already Valeant's (VRX) third-largest shareholder, hedge fund managerBill Ackman bought an additional 2 million shares of the company, as its stock plunged following the release of an explosive short-seller note. (CNBC)

Yahoo (YHOO) is cutting advertising rates for the first-ever web-streamed NFL game this coming Sunday. The cost is now said to be less than $100,000, down from the initial $200,000. (Reuters)

Nearly three weeks after soundly rejecting a tentative agreement, voting atFiat Chrysler (FCAU) plants is showing support for a new contract to enable entry-level wage parity. Final results are due later today. (NY Times)

Apple (AAPL) is planning to build 200 megawatts worth of solar projects in China, while pushing its suppliers to go green amid ongoing criticism that its local partners cause heavy pollution. (CNBC)

Hess CEO John Hess told CNBC the seeds have been planted for aslow oil recovery. Meanwhile, U.S. oil prices were higher this morning, after dropping about 2.4 percent Wednesday on higher inventories.

A supermajority of firebrand conservatives in the House are supportingthe reluctant Rep. Paul Ryan to be the next speaker, saying they've provided him enough votes to win the race. (Reuters)

Democratic presidential frontrunner Hillary Clinton is set to testify before the House Select Committee on Benghazi today to defend her actions dealing with the 2012 attacks while she was secretary of state. (USA Today)

The chairman of the Commodity Futures Trading Commission has signaled the first serious effort to curb high-speed trading, which increasingly influences benchmark assets. (FT)

Daily fantasy-sports site DraftKings has received a subpoena from U.S. Attorney Preet Bharara's office, requesting information about an employee's activities and potential abuse of inside data. (WSJ)

BY THE NUMBERS

The European Central Bank's latest meeting culminates with its statement at 7:45 a.m. ET, and a news conference with ECB President Mario Draghi at 8:30 a.m. ET. No change in interest rates is expected, though investors will key on any clues to future monetary easing. 

In the U.S., the Labor Department issues its weekly report on first-time unemployment benefits at 8:30 a.m. ET. Forecasts call for 265,000 new jobless claims for the week ending Oct. 17, which would be 10,000 more than the prior week. 

The National Association of Realtors is out with its September existing home sales report at 10 a.m. ET, with expectations for a 1.7 percent increase following a 4.8 percent decline in August. 

The Conference Board, also at 10 a.m. ET, releases its September index of leading economic indicators. The LEI is seen unchanged after a 0.1 percent increase in August. 

Other earnings out this morning include Dow Chemical (DOW), Dunkin' Brands (DNKN), Eli Lilly (LLY), Sirius XM (SIRI), Southwest Airlines(LUV), United Continental (UAL), and Under Armour (UA).

Billionaire David Einhorn, whose Greenlight Capital hedge fund is nursing a 17 percent loss this year, told investors about new bets on fashion house Michael Kors (KORS) and electric services firm UIL (UIL).

STOCKS TO WATCH

Texas Instruments (TXN) earned 76 cents per share, 9 cents above estimates, with revenue also beating forecasts. The chipmaker was helped by better sales for its analog and embedded chip offerings.

Citrix Systems (CTXS) saw quarterly profit come in 20 cents above estimates at an adjusted $1.04 per share, and the software maker also scored a significant beat on the revenue side.

Las Vegas Sands (LVS) beat estimates by 2 cents with quarterly profit of 66 cents per share, but the casino operator's revenue was below forecasts on weakness in its Macau operations.

CIT Group (CIT) said CEO John Thain will retire in March, to be replaced by long-time banking executive Ellen Alemany. Thain took over at CIT in 2010 following the commercial lender's bankruptcy.

Visa (V) raised its dividend by 17 percent, increasing it to 14 cents per share from 12 cents. The credit card giant had boosted the pay-out by 20 percent last year, and by 21 percent the year before.

Comcast (CMCSA) plans to resell Verizon's wireless service, according to Re/code, in what is seen as a move for the NBCUniversal and CNBC parent to offer its own wireless service.

WATERCOOLER

The Mets advanced to their first World Series since 2000, seeking their first Fall Classic title since 1986. New York swamped the Cubs 8-3 in Chicago last night in Game 4 of the NLCS. (NBC Sports)

The Toronto Blue Jays, before a home crowd last night, beat the Royals 7-1forcing a Game 6 back in Kansas City tomorrow night in the ALCS. (AP)

CONTRIBUTORS

Senior Producer
@Matt_Belvedere
Senior Producer
@peterschack
Web and TV producer

Wednesday, October 21, 2015

John Doe and GAB vote today


Rep. Jonathan Brostoff - District 19
October 21, 2015
MADISON, WI - Today in Madison, those we send from across Wisconsin to represent the people at the state level will vote on issues that haunt us now with bad deeds.

We are pleased that Rep. Jonathan Brostoff - District 19, is on-the-job, per his recent update to his "district office".  He shared the fact that he is zooming in on the John Doe facts and the Campaign Financing facts of the GAB - Government Accountability Bureau.


To watch the proceedings, please follow the link provided below.http://www.wiseye.org/Programming/CoverageSchedule.aspx

 They have been in session since the early AM of October 20, 2015 and have taken previous votes on the John Doe item already.


"I feel that the voting is riddled with bias and mischief.  They will take place to further disenfranchise the voters through hijacking and it is a traditional way of special interest, monopoly-oligopoly misuse of power.  The GOP side of the State House is busy in mischief and stacking the deck."  "It is this type of behavior and misuse of power that taxpayers frown on and it has a high-cost before-during-after investigations to get at the truth."  "Instead of addressing the issues of Misconduct that is related to John Doe Investigation, Republicans are making sure they are not held accountable and are not to be transparent in their actions while in office."

Doesn't this sound familiar?
Doesn't it sound like self-protectionist efforts?
Is this CORRUPTION.
Do you smell the John Doe Investigation of Scott Walker here?
Is this not the type of behavior of elected officials that presently have the Donald Trump mania?  

Tune into Wisconsin Eye for today live streaming.

Monday, October 5, 2015

CNBC Squawk Box w/Belvedere & Schacknow - OCTOBER 5, 2015

Matthew Belvedere and Peter Schacknow
To view this email as a web page, click here.
CNBC | Morning Squawk


IN THE NEWS TODAY

U.S. stock futures were higher this morning, after Friday's biggest intraday reversal on Wall Street in four years. Stocks in Europe and Japan were sharply higher in Monday trading. (CNBC) 
Investors are on the look-out in the week ahead for any signs of overseas weakness seeping into the U.S. economy, after surprisinglysoft job growth in September. (CNBC)
With central bankers considering a rate hike, former Fed Chairman Ben Bernanke said in an op-ed policymakers have done their job, but new efforts inside and outside government are need to sustain growth. (WSJ)
With his memoir, "The Courage to Act," out today, Bernanke joins CNBC's "Squawk Box" for one hour this morning, starting at 8 a.m. ET to talk about the economy and the current Fed's exit plan.


Nelson Peltz's Trian unveiled today a $2.5 billion stake in General Electric (GE). The investment, the largest in the hedge fund's history, is generally supportive of the current management's strategy. (CNBC)

American Apparel has filed for bankruptcy protection, crippled by huge debts, a precipitous fall in sales, employee strife, and a drawn-out legal battle with the retailer's ousted founder. (NY Times)

Potash (POT) has pulled its $8.9 billion bid for German rival K+S, due to resistance to the offer and the overall commodity and equity market decline since May, when the overture was first made. (Reuters)

Glencore shares were up 7 percent in London, after rocketing 72 percent higher in Hong Kong, on hopes the beleaguered trader and miner would be able to cut debt with agricultural assets sales. (Reuters)

Two top Volkswagen engineers, who found they could not deliver as promised a clean diesel engine for the U.S. market, are at the center of a company investigation into emissions cheating. (WSJ)

Soaked South Carolina residents were still knee-deep in deadly floodwaters this morning, after an historic drenching that was supercharged by the effects of offshore Hurricane Joaquin. (NBC News)

Democratic presidential frontrunner Hillary Clinton is set to unveil asweeping gun control proposal today, including closing the "gun show loophole" and allowing victims of gun violence to sue firearm makers. (NBC News)

Donald Trump remains ahead in the early Republican nominating contests of Iowa and New Hampshire, but his lead has shrunk from a month ago, according to new NBC News/Wall Street Journal/Marist polls of these two states.

The average out-of-network ATM fee stands now at $4.52, up 4 percent from last year and 21 percent since 2010, according to a new report from Bankrate.com, a personal finance site that tracks banking costs.

BY THE NUMBERS

This week's relatively light economic calendar kicks off this morning, with the ISM non-manufacturing index at 10 a.m. ET expected to show a 57.7 reading for September, compared to 59.0 in August. Investors will also be closely watching international trade data tomorrow, as well as weekly jobless claims and Fed minutes on Thursday.

PepsiCo (PEP) and Yum Brands (YUM) report earnings tomorrow, withAlcoa (AA) on Thursday. On today's docket, the Container Store (TCS) issues its quarterly numbers after the closing bell. 

STOCKS TO WATCH

Tesla (TSLA) reported deliveries of 11,580 vehicles during the third quarter, a 49 percent increase over last year, bringing sales to just over 33,000 for the first nine months of the year. The electric automaker could need a major push to reach its goal of 50,000-55,000 vehicle sales for 2015. 

Ford (F) and the United Auto Workers union reached an agreement to avoid a walkout at the Kansas City, Missouri factory that builds Ford's F-150 pickup trucks. Meanwhile, UAW members at Deere (DE) approved a new six-year labor agreement, covering workers in three states. 

Gene therapy from Spark Therapeutics (ONCE) for rare, inherited forms of blindness met the goals of a late-stage study, and the company plans to file for U.S. regulatory approval next year. 

St. Jude Medical (STJ) received an FDA warning letter regarding the manufacture of some devices at its Atlanta plant. St Jude said it plans to continue to make and ship product from the facility. 

For the first time in the 60 years since Disneyland opened, Walt Disney(DIS) is considering switching to demand-based pricing at its domestic theme parks. That's according to the Wall Street Journal.

WATERCOOLER

The divisive response to Aaron Sorkin and Danny Boyle's new movie "Steve Jobs" from people who knew the Apple co-founder continues; a report in the Wall Street Journal claims Laurene Powell Jobs, Steve's widow, tried to block the biopic.

Alphabet (GOOGL) replaced Google late Friday, as the publicly traded holding company that houses Google's search and other Internet businesses separate from its moonshot ventures. (Reuters)

CONTRIBUTORS

Senior Producer
@Matt_Belvedere
Senior Producer
@peterschack
Web and TV producer


FEEDBACK
We value your input—use our simple form to let us know what you think. Click here for Real-Time data and top stories on your desktop or mobile device.

Wednesday, September 30, 2015

SATURDAY TALK - VIDEO NO. 1 with Mary Glass



SATURDAY TALK - OCTOBER 3, 2015
Announcement

Center Street Library
2727 W. Center Street
11:00am - 2:00pm

RESERVE YOUR SPACE - GO TO:  https://mpapublicpolicyreview.wufoo.com/forms/mpa-llc-saturday-talk-october-3-2015/

Tuesday, September 29, 2015

BREAKING NEWS -- SATURDAY TALK - OCTOBER 3, 2015 - Comptroller Martin Matson Returns - HVS Consultants' NBA Bucks Deal Evaluation

BREAKING NEWS - EXCLUSIVE

September 29, 2015
CITY-WIDE Public Policy | SATURDAY TALK | on 
October 3, 2015, 11:00AM - 2:00PM, Center Street Library, 2727 W. Center Street, Milwaukee.

Speakers:
  • Comptroller Martin Matson
  • La Frisko Lewis - Senior/UWM
  • Richard Kauper - Architect & Lawn Expert 
Richard Kauper will share the fundamentals of preparing roses for the winter season and share an Autumn Garden Guide.

La Frisko Lewis will share his trip to China with fellow International students of University of WI - Milwaukee and tidbits of preparation for travel, i.e., getting a Visa.

All three (3) of the speakers have spoken for SATURDAY TALK.


Exclusive - NBA BUCKS Deal
Comptroller Martin Matson has agreed to give a play-by-play of the HVS Consultants' evaluation.  He will also speak of the 2016 City of Milwaukee Budget:
  • Letter C - $200 million (contingent borrowing - Bucks underwriting)
  • Letter F - $16.5 million (tax increment districts)
  • $47 million (existing tax increment districts)
  • Q & A
The HVS Consulting vetting was sought by the Comptroller and paid for by dollars in the Comptroller's budget.  

We will examine the pros and cons to Following the Money.
We are especially interested in the recruitment of this firm, timing for examination, thoroughness of evaluation, IMPACT of 4th Street and other land-grabs; as well as, a look at the truth-to-cost of the proposed $500 million deal.  How much the taxpayers of the City of Milwaukee will REALLY contribute/pay beyond $43 million.



Monday, September 28, 2015

BACKSTORY - ONGOING STORY- Birthday Mary Glass @ 70 & the Papal visit of Pope Francis


Pope Francis - Jorge Mario Bergoglio

Mary Glass
MILWAUKEE - September 22, 2015, was the 70th Birthday of Mary Glass, Chair/Chief Visionary Officer, Milwaukee Professionals Association LLC.  

It was also the day that the 266th Roman Catholic head of state, Pope Francis - Jorge Mario Bergoglio, The People's Pope, came to America for the first time.  He is 78 years young.

Mary is Catholic and is a Lector at her church -The Cathedral of St. John the Evangelist.  

She will call for Catholic Charities, Archbishop Jerome Listecki, all bishops, Father Jeffrey Haines, and all the ministers, sisters, leaders and staff of the Archdiocese of Milwaukee to collectively outreach to the all neighborhoods, the family of Milwaukee; so that the catholic religion is led by the rich and connected academic services of the leaders of Marquette University-Cardinal Stritch University-Alverno College; so that the center of all Catholic services join with its neighbors and jointly impact Milwaukee's Enduring Concentrated Poverty. 

Thereby, distrust, homelessness, hunger, joblessness, greed, discrimination, exploitation, lawlessness, hatred, racism, misuse of power are replaced through the act of "ongoing expectation and acts of love in our Vision and daily Mission".
==========


"As a Catholic, I was pleased to see Pope Francis speak endlessly about the importance of INCLUSION of ALL people and respect for the FAMILY - personal, extended, to world-created, said Mary Glass.  We have had 6 days of immersing - a baptising, in the art of LOVE through the master's teachings of Grace".  "It has been pomp and ceremony at its best; and, It has been depicted in an all-day lens of visual outreach through media - especially via CNN".  "Americans and individuals around the world had a welcomed breath of fresh air during the six days of Tuesday, September 22-September 27, 2015".  "I ask that we pray for Pope Francis and for each one of us".

Happy 70th Mary Glass and God's strength I send to me.
Pope Francis constantly asked during his visit to the USA, that we pray for him - I send my prays with him intended.


A Collage of Pope Francis visit to Washington, New York & Philadelphia



Bobby Hill - Keystone Boys Choir is the teen that sang so melodiously for the Pope in Philadelphia.

Below are snippets of the homilies.





Sunday, September 20, 2015

SUNDAY AM EDITION - HELP Mary Glass create COMMUNICATION for People's engagement 3-Minute video

3-Minute Video

"It is clear that we have taken a step forward into the opportunities of the world wide web and social networking for the implementation of our newest campaign, Marathon Against NBA Bucks Mega Greed Deal,said Mary Glass, Chair/Chief Visionary Officer.  "We have launched a time-sensitive crowdfunding campaign to provide necessary information to the People of Milwaukee and Milwaukee County; and, to compete with the Fast-tracking of Mayor Tom Barrett, County Executive Chris Abele and Governor Scott Walker." 

Let's work to TWEAK this wrong and create a model for you and others who have or have not (yet) been affected by one of the NBA teams.

On June 4, 2015, Wisconsinites were broadsided with the press conference announcement by Walker-Abele-Barrett of a deal they had cut with three wealthy millionaire-billionaires for the retention of the Milwaukee Bucks team in the city of Milwaukee. 

The initial deal is called:  "It is Cheaper to Keep Them".  It is proposed at $500 million and consist of  two (2) paying parts – $250 million from buyers ($150 million) and seller ($100 million); and, $250 from PUBLIC FINANCING – $55 million  – state; $55 million – county; $43 million – city of Milwaukee; and, $93 million - Wisconsin Center District - the traffic cop of the funding.  

The announcement also came with pretense of this-n-that in cost.  However, cost-overruns, public staff work, interest and lack of clarity of all partners and investors; the only thing for certain is the taxpayers (mostly the city followed by the county) will pay for 30 years for a private deal for three wealthy men that they knew nothing about, had no input, and did not authorize such a deal of Involuntary Servitude.  

Therein lies the "Misuse of Power" followed by many troubling features, that include Senate Bill 209, $1 giveaway  of approximately 10 acres of prime Park East Corridor real estate, sales tax waivers, purchase of a parking lot, giveaways of parking lot revenue, tax increment districts, $200 million Contingency fund in the 2016 budget, housing funding, environmental payments, changing of RACM staff involvement and authorities, etc.   It is clear that the deal has been on all three (3) levels for some time but no due diligence toward the People.

YouCaring Crowdfunding will assist MPA LLC, the neighbors of the communities and districts of the city of Milwaukee and county of Milwaukee to tweak the fast-tracking and wrongful acts at the present time in the city and county government. 

This outreach will allow us to give proper NOTICE to our elected-appointed-hired-donor for hire government representatives that the People feel betrayed, disrespected, double-crossed, discriminated against and disenfranchised by the CHEAPER TO KEEP THEM Deal.

*************************************************************************
This Marathon led by MPA LLC to create a massive Communication for the aggrandizement of the People will not only tweak the wrong done by Misuse of Power, seek correction through the justice system, bring individuals up on charges and help prevent more damage to the human-civil-legal rights of the People of the city of Milwaukee, Milwaukee County and the state of Wisconsin, as a model when dealing with public financing.

DONATE NOW