Archives of “June 14, 2019” day

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US officials say they have imagery showing Iranian boat removing unexploded mine from Gulf tanker

  
  Analysis

CNN report the news four US officials:

  • United States has video and photos that show an Iranian navy boat removing an unexploded mine attached to the hull of the Japanese-owned chemical tanker Kokura Courageous
  • One of the officials said a US military aircraft overhead recorded a full motion video of an Iranian boat moving alongside one of the stricken tankers and removing an unexploded limpet mine from its hull. 
  • The official said the imagery shows a person on board that small boat grabbing the unexploded mine.

Visa, Mastercard, PayPal and Uber all backing Facebook’s new cryptocurrency

  
Analysis, BITCOIN

Facebook will be launching its digital coin next week

  • A consortium of firms including Visa, Mastercard, PayPal and Uber are chipping ininvesting around $10 million each
WSJ citing ‘people familiar with the matter’ for the info.
The coin will be pegged to a basket of government-issued currencies
Oh, price check on BTC:
Facebook will be launching its digital coin next week

Fund manager Jeffrey Gundlach says US recession chance is 40-50% in 6 mths, 65% in 12

  
  Analysis

Gundlach is a founder of DoubleLine Capital. Quite a clever chap indeed.

If memory serves he has been banging on about an impending US recession for many, many months now. Far be it from me to question him …. but ….
I suppose, what with the passage of time being in one direction (I probably just alienated a whole heap of physicists with that – comments welcome ladies and gentlemen) we are getting closer to a recession. So there is that.
Anyway, more:
  • tariffs could curb consumer spending
  • yield curve, NY Fed recession probability show rising probability of recession
  • bond market is saying 2 or 3 quarter percent cuts between now and year end
Says he is not expecting the FOMC to cut in June.
Gundlach is a founder of DoubleLine Capital. Quite a clever chap indeed.  

US stocks has a late day move higher and close nearer session highs.

  
Analysis, US Market

Reverse the declines from yesterday

The major indices moved a bit higher into the close and although the indices are closing off the highs, they are closing closer to the day highs.    The small cap Russell index did close near the  highs though (up 1.05%).
Below are the bars of the low and high % changes and the closing % change.
  • The S&P closed up 0.41%
  • The Nasdaq closed up 0.57%
  • The Dow closed up 0.39%.
Reverse the declines from yesterday
Some winners for the day included:
  • Disney, 4.43%
  • United Continental, 3.96%
  • Southwest Airlines +3.11%
  • Papa John’s, +2.33%
  • Tesla, +2.22%
  • Delta Airlines, +1.97%
  • Dow Dupont, +1.6%
  • Home Depot, +1.72%
  • Nvidia, +1.41%
  • Facebook, +1.39%
  • micron, +1.27%
  • Nike+ 1.2%
  • Alphabet, +1.10%
Some of the losers for the day included:
  • Twitter, -3.04%
  • AMD, -2.45%
  • Pfizer, -1.32%
  • Visa, -1.3%
  • MasterCard, -1.02%
  • Merck, -0.93%
  • chipotle, -0.85%
  • J&J, -0.70%
  • Bristol-Myers Squibb, -0.63%
  • Netflix, -0.62%
  • Beyond Meat, -0.41%
  • Coca-Cola, -0.23%
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