• Breaking News

    Wednesday, March 7, 2018

    Gary Cohn to Resign as Trump’s Top Economic Adviser Investing

    Gary Cohn to Resign as Trump’s Top Economic Adviser Investing


    Gary Cohn to Resign as Trump’s Top Economic Adviser

    Posted: 06 Mar 2018 02:35 PM PST

    Gary D. Cohn, President Trump's top economic adviser, plans to resign, becoming the latest in a series of high-profile departures from the Trump administration, White House officials said on Tuesday.

    The officials insisted there was no single factor behind the departure of Mr. Cohn, who heads the National Economic Council. But his decision to leave came after he seemed poised to lose an internal struggle amid a Wild West-style process over Mr. Trump's plan to impose large tariffs on steel and aluminum imports.

    "Gary has been my chief economic adviser and did a superb job in driving our agenda, helping to deliver historic tax cuts and reforms and unleashing the American economy once again," Mr. Trump said in a statement to The New York Times. "He is a rare talent, and I thank him for his dedicated service to the American people."

    Mr. Cohn is expected to leave in the coming weeks. He will join a string of recent departures by senior White House officials, including Mr. Trump's communications director and a powerful staff secretary.

    Yet the departure of Mr. Cohn, a free-trade oriented Democrat who fended off a number of nationalist-minded policies during his year in the Trump administration, could have a ripple effect on the president's economic decisions and on the financial sector.

    https://www.nytimes.com/2018/03/06/us/politics/gary-cohn-resigns.html

    submitted by /u/closingbell
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    BlackBerry files lawsuit against Facebook, WhatsApp and Instagram

    Posted: 06 Mar 2018 10:25 AM PST

    McDonalds is switching to fresh beef. Not sure how much would it actually boost sales, and if it's a sign of fierce competition in the restaurant business.

    Posted: 06 Mar 2018 08:16 PM PST

    http://www.bbc.com/news/business-43304995

    "McDonald's is certainly responding to industry pressure, consumer pressure to make the change," said David Henkes, a senior principal at Technomic, a restaurant research consulting company.

    https://www.cnbc.com/2018/03/06/fresh-beef-is-coming-to-a-mcdonalds-near-you.html

    "I talked to my staff and I asked them 'what do you think we should do?'" Jasper said. "They said 'Well, Joe, we can't let the drive-thru slow down. So that got us to thinking, the only way to make a burger fast is from a fresh steak. So, we started experimenting with fresh beef."

    In fact, the fresh beef patties actually cook 20 to 40 seconds faster than a frozen patty, according to McDonald's.

    I wonder how much does it cost for an inventory of frozen beef vs fresh one? That's including the fact that you only have so many days to use the fresh one before it goes bad, while frozen ones are good for months.

    And how much would it actually boost sales? I'm not sure if it's going to have the same allure as the "all day breakfast" option that they rolled out.

    I am also concerned about the fierce competition that McDonald is going up against. The sit-down chain restaurants such as Red Lobster and Applebees have been getting their heads bashed in by new competition and shifting consumers' preferences.

    I'm personally indifferent because I can't tell the difference between good and "meh" meat (unless if it's been turned into a hockey pluck or someone microwaved it cough Applebees cough), or conventional eggs vs "organic, actually free range". I am aware of Wendy's bashing MCD with their advertisements over the past few weeks though.

    submitted by /u/COMPUTER1313
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    Daily advice thread. All questions about your personal situation should be asked here

    Posted: 07 Mar 2018 04:05 AM PST

    If your question is "I have $10,000, what do I do?" or anything similar. There is no single answer to this question, but we will also need A LOT MORE information if we are to give some sort of answer

    • How old are you?
    • Are you employed/making income? How much?
    • What are your objectives with this money? (buy a house? Retirement savings?)
    • What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?)
    • What are you current holdings? (Do you already have exposure to specific funds and sectors?)
    • Any other assets? House paid off? Cars? Expensive girlfriend? (not really an asset)
    • What is your time horizon? Do you need this money next month? Next 20yrs?
    • Any big debts?
    • Any other relevant financial information will be useful to give you a proper answer.

    Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions!

    submitted by /u/AutoModerator
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    Best stocks for a trade war environment

    Posted: 06 Mar 2018 05:17 PM PST

    Might as well start the conversation now. I'm thinking utilities and telecoms would be safe havens, but then again, those sectors are sensitive to inflation, which could very well pick up during a trade war. Thoughts?

    submitted by /u/SoNowWhat
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    Netflix is worth more than GE or Ford, and it’s creeping up on Disney

    Posted: 07 Mar 2018 02:45 AM PST

    Full source: https://www.recode.net/2018/3/6/17086244/netflix-worth-more-market-cap-chart-2017-ge-general-electric-ford-disney? utm_campaign=recode.social&utm_content=recode&utm_medium=social&utm_source=twitter

    Am I the only one finding this absolutely mental? I get that Netflix have interesting prospects, but being valued more than the entire Disney company, which has the strongest IPs the world has ever known, parks, consumer products etc. and clearly a hand in doing something on-demand.

    submitted by /u/shannister
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    TVIX up 10% after hours.. Cohn effect?

    Posted: 06 Mar 2018 02:58 PM PST

    How to buy Spotify and Dropbox pre-IPO

    Posted: 07 Mar 2018 02:34 AM PST

    GSVC invests in private companies. 23% of NAV in these 2 companies. The stock is trading at a discount to its NAV. GSVC gives you exposure to SPOT and DBX that are expected to list this month. https://fatalpha.com/how-to-buy-spotify-and-dropbox-pre-ipo/

    submitted by /u/Sophocles75
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    Investors pour back into crisis-era credit product. Market for bundles of credit default swaps more than doubles for year to date

    Posted: 06 Mar 2018 07:58 PM PST

    Bond prices move up when stocks go down?

    Posted: 07 Mar 2018 01:26 AM PST

    Hey all, I've been researching more into the stock market and alot of articles I've read say that bond prices move up when stocks go down. But looking at total bond etfs like vanguard's BND, over the last few months during the correction, it seems that bond prices have moved DOWN with stocks. The same correlation can be foudn going back to 2008 as well. So what gives?

    submitted by /u/HappyLuckBox
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    Broadcom’s proposed acquisition of $QCOM could pose a national security risk says US gov

    Posted: 06 Mar 2018 03:40 PM PST

    Source: https://nytimes.com/2018/03/06/business/qualcomm-broadcom-cfius.html

    A government panel, the Committee on Foreign Investment in the United States, or Cfius, noted, in part, that the potential risk was related to Broadcom's relationships with foreign entities, according to a letter from a United States Treasury official. It also said that the deal could weaken "Qualcomm's technological leadership," giving an edge to Chinese companies like Huawei.

    "A shift to Chinese dominance in 5G would have substantial negative national security consequences for the United States," the government said in the letter.

    submitted by /u/goodDayM
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    It's moronic Monday, the Wednesday edition, your chance to ask any of those questions that you're embarrassed to ask in real life.

    Posted: 07 Mar 2018 04:05 AM PST

    We encourage all our visitors to ask those investing related questions they were always too afraid to ask.

    The members of /r/investing are here to answer and educate!

    NOTE If your question is "I have $10,000, what do I do?" or anything similar. There is no single answer to this question, but we will also need A LOT MORE information if we are to give some sort of answer

    • How old are you?
    • Are you employed/making income? How much?
    • What are your objectives with this money? (buy a house? Retirement savings?)
    • What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?)
    • What are you current holdings? (Do you already have exposure to specific funds and sectors?)
    • Any other assets? House paid off? Cars? Expensive girlfriend? (not really an asset)
    • What is your time horizon? Do you need this money next month? Next 20yrs?
    • Any big debts?
    • Any other relevant financial information will be useful to give you a proper answer.

    Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions!

    submitted by /u/AutoModerator
    [link] [comments]

    Digital Ad Platforms (FB and GOOGL) at Risk - P&G cut $200M in digital ad spend with no impact to the bottom line, Unilever up next at the chopping block.

    Posted: 06 Mar 2018 02:07 PM PST

    This article fundamentally addresses the issue of ROI (or lack thereof) of digital ad spend. I suspect in a recessionary backdrop FB and GOOGL fall harder than market anticipates. http://www.adweek.com/brand-marketing/when-procter-gamble-cut-200-million-in-digital-ad-spend-its-marketing-became-10-more-effective/

    submitted by /u/thomasg_grizzle
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    Are stock splits becoming more uncommon?

    Posted: 06 Mar 2018 12:40 PM PST

    I was just digging through some stocks I own and looking at their split/dividend history and have noticed that stock splits have appeared to be far less common after 2000. Is this a trend among companies, or more of an exception in the few examples I've looked at? (MMM) (PFE) (PG) (KMB)

    submitted by /u/meltedcactus
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    Spotify DPO

    Posted: 06 Mar 2018 04:56 PM PST

    I understand the difference between IPO and DPO, and with regards to Spotify it seems like they're going with DPO. Is there any advantage over one or another? And why did Spotify choose DPO? Is it because they're not confident enough for IPO?

    submitted by /u/OzarkaFresh
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    CVS Starts Jumbo Debt Sale to Fund $68 Billion Aetna Deal

    Posted: 06 Mar 2018 06:55 AM PST

    https://www.bloomberg.com/news/articles/2018-03-06/cvs-starts-blockbuster-debt-sale-to-fund-68-billion-aetna-deal

    CVS gathered $49 billion in bridge loans from 20 lenders in December as temporary financing for the acquisition, setting up for Tuesday's transaction.

    CVS is targeting as much as $44.8 billion of new debt, according to a Feb. 26 presentation.

    TLDR: CVS is taking on lots of debt to acquire Aetna.

    submitted by /u/COMPUTER1313
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    Boeing's Sketchy Accounting

    Posted: 06 Mar 2018 05:42 AM PST

    What do you guys think about Boeing's use of "program accounting?" It just seems really aggressive to me because it relies so heavily on estimates (e.g., future plane sales, future profit margins, etc.). Also their pension is $20 billion underfunded and they have been funding it with their own treasury stock.

    I am sure management and their auditors know what they are doing. But maybe investors don't really understand the risks they are taking on because the stock has doubled in the past year.

    I would think that any reduction in plane backlog for (e.g., China announcing they will give a preference to Airbus in future orders) would significantly hurt Boeing.

    Edit: It looks like they have $52 billion of these deferred costs.

    submitted by /u/IAMAnarcissist
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    Investing in Africa?

    Posted: 06 Mar 2018 03:35 PM PST

    Is anyone investing in Africa, specifically central Africa? It seems like a place with tons of natural resources like Cobalt, so I think that despite the risks of the governments, unstable currency, etc, that it might be worth it to invest some companies there.

    Edit: originally inspired by Jim Roger's The Investment Biker but with The Morning Bree mentioning Africa's cobalt supply I thought I'd ask.

    submitted by /u/AdmiralDiaz
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    How much of a dip is enough for buying today?

    Posted: 07 Mar 2018 02:27 AM PST

    Should I grab things at the opening or will stocks continue to sell off into the late morning?

    submitted by /u/explore__
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    Investing abroad

    Posted: 06 Mar 2018 09:19 PM PST

    Hi guys,

    I live in the UK and by just checking the interest rates on savings accounts and bonds, they don't look very inspiring. Is it possible to invest into some other countries banks like Bangladesh without having a passport in your possession?

    Thank you in advance.

    submitted by /u/tardo_UK
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    How much emphasis should you place on stock forecasts?

    Posted: 06 Mar 2018 08:42 PM PST

    I was contemplating buying NVDA, CHDN, and NFLX, but the forecasts aren't that great, and particularly NVDA has a horrible one, like I could lose a LOT of $ with the low forecast.

    CRBP and PLAY have good forecasts and I reduced my stake in PLAY and didn't buy as much CRBP as it was suggested I buy. I am considering selling my APTV and just bulking up on that. I might shed some of my EA stock too, dunno.

    BA also looks like it still has room to grow? Thoughts on all this?

    submitted by /u/Shadowban89
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    US Steel

    Posted: 06 Mar 2018 11:02 AM PST

    Why is US Steel still going down after the tariff announcement? It seems like that would make the stock skyrocket.

    submitted by /u/XanzTheManz
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    Walmart pushes its meal-kit business with plans to roll out to 2,000 stores this year

    Posted: 06 Mar 2018 05:59 AM PST

    Walmart has rolled out meal kits to 250 stores.

    It expects to roll out the service to 2,000 stores this year.

    The move comes as big-box stores and grocers push food e-commerce.

    Walmart's meal kits will serve two people and range in price from $8 to $15. So far, options include Steak Dijon and Pork Florentine. The meals will also be available at Walmart's online grocery pickup.

    CNBC

    submitted by /u/ChocolateTsar
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    REIT Stocks: An Underutilized Portfolio Diversifier

    Posted: 06 Mar 2018 06:28 PM PST

    Writing a research paper on why REITs are underutilized. If anyone has any professional knowledge about this please leave your two cents. If you know of any academic articles backing my topic I would greatly appreciate it if you shared it with me. Thanks!

    submitted by /u/jhl2496
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