Morning 1-15

From Bloomberg and Mizuho I believe this is a pretty big deal, is Trump trying to help some big Donors?
Why don’t we just give the high-speed/A.I. traders ALL of the money? The unintended consequences of this potential change are staggering. “U.S. Seeks Biggest Change to Economic-Data Releases in Decades” (Bloomberg) The Trump administration plans to restrict the news media’s ability to prepare advance stories on market-moving economic data, according to people familiar with the matter, in a move that could create a logjam in accessing figures such as the monthly jobs report.

Currently, the Labor Department in Washington hosts “lockups” for major reports lasting 30 to 60 minutes, where journalists receive the data in a secure room, write stories on computers disconnected from the internet, and transmit them when connections are restored at the release time.
The department is looking at changes such as removal of computers from that room, and an announcement could come as soon as this week, said the people, who spoke on condition they not be identified

China –U.S. Trade deal to be signed today Some Comments regarding tariffs going Forward:
• U.S. to maintain tariffs on Chinese goods until Phase 2 deal: Mnuchin (Reuters)
• U.S., China have no agreement for future tariff reductions: Lighthizer, Mnuchin(Reuters)

Earnings update:
(Dow Jones) — 08:02 ET – Goldman Sachs says net provisions for litigation and regulatory proceedings in 4Q rose to $1.09B from $516M in 4Q 2018, cutting into earnings. Revenue, however, rose 23% to $9.96B in 4Q, well ahead of expectations, helped by gains in global markets and consumer and wealth management. Fixed income, currency and commodities revenue jumps 63% to$1.77B, while equities revenue falls short of estimates. Goldman Sachs shares slip 0.7% premarket.

Another Disappointing holiday Sales report this Time from Target this is not good news for the Economy!

( Dow Jones) — Shares of Best Buy Co. Inc. (BBY) dropped 2.8% in pre- market trading Wednesday, after the consumer electronics retailer appeared to suffer from the fallout of Target Corp.’s (TGT)disappointing holiday-period sales performance. Target said earlier same-store sales during the November/December period rose 1.4%, “below our expectations,” given softer-than-expected performance in electronics, toys and portion of home assortment.

Also suffering collateral damage, shares of toy makers Hasbro Inc. (HAS) fell 2.2% and Mattel Inc. (MAT) shed 3.0%. Among Target competitors, shares of Walmart Inc. (WMT) declined 1.9% and Kohl’s Corp. (KSS) slipped 0.9%.

Bitcoin Gold is up about 300% so far this year. Something called Bitcoin Diamond has more than doubled Don’t what either of these are but saw on twitter. Nat Gas closer to $2 as Winter is over. One other Quick Thought on Bond Yields maybe the Fed Funds rate is not Low enough for the markets likikng regardless if it is Close to zero that is just a nominal level it can still mean it is to tight to Stimulate growth and Ward off disinflation

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.