Really Great
Really Great
Archives of “June 2019” month
rssUS officials say they have imagery showing Iranian boat removing unexploded mine from Gulf tanker
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.
The rule of law in Hong Kong Huge demonstrations have rattled the territory’s government—and the leadership in Beijing
Visa, Mastercard, PayPal and Uber all backing Facebook’s new cryptocurrency
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:
Fund manager Jeffrey Gundlach says US recession chance is 40-50% in 6 mths, 65% in 12
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.
US stocks has a late day move higher and close nearer session highs.
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%.
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%
Thought For A Day
India rubber price surges 17 per cent in last 45 days ,RSS-4 sheet has touched Rs 150 per kilo for the first time in the past two years
The price of premium grade RSS-4 sheet has touched Rs 150 per kilo for the first time in the past two years, though the supply situation may not allow a matching market realisation.
It seems rubber growers have got their moment in the sun, as the Indian price of natural rubber (NR) jumped 17% in 45 days. The price of premium grade RSS-4 sheet has touched Rs 150 per kilo for the first time in the past two years, though the supply situation may not allow a matching market realisation.
“The last time we saw the `150 per kilo price for RSS-4 in Kottayam market was March 21, 2017. It was just `128 per kilo in last week of April. Price has been shooting up faster than our best expectations,” Siby Monipally, secretary, Indian Rubber Growers Association (IRGA), told FE.
European shares end the session with small(ish) changes
Major indices little changed
The European shares are ending the session with small(ish) changes today
- German DAX, +0.45%
- France’s CAC, unchanged
- UK’s FTSE, unchanged
- Spain’s Ibex, unchanged
- Italy’s FTSE MIB, +0.76%
The benchmark 10 year yields in Europe are mostly lower with the riskier countries outpacing. Below are the high/low ranges and the current levels for the major countries 10 year yields.
In other markets as London/European traders to exit:
- spot gold is trading up $6.36 or 0.48% at $1340. That is near the highs for the day. The contract has been able to stay above it’s 100 and 200 hour moving averages (see post here).
- WTI crude oil futures are up $1.50 or 2.97% at $52.63. The price got a boost from the attack on oil tankers in Gulf of Oman.
In the US stock market, major indices are trading higher:
- S&P index is up 7.9 points or 0.27% at 2887.69
- NASDAQ indexes up 34.87 points or 0.44% at 7827.70
- Dow is up 51.2 0.20% at 26058
US yields have move lower today and are down -1.1 to -2.3 bps:
House speaker Pelosi: Thinks Pres. Trump is involved in an criminal cover-up
House speaker give weekly press conference
The House Speaker Nancy Pelosi is having her weekly press conference:
- Believes president Trump involved in criminal cover-up
- Trump once again gave proof doesn’t know right from wrong
- Trump is cavalier on ethics by inviting foreign intel
- may need clarity in law on duty to report on foreign intel
- Debt ceiling lift can’t happen before budget passes
- bipartisan humanitarian border deal possible this month