Ever since the Arab Spring, the Obama administration has beat the war drums against Russia by pushing for more U.S. presence in Syria via official and unofficial means. And like what happened prior to the Iraq war, the U.S. government — and the Fourth Estate — are working tirelessly to sell the public on yet another unjustified war. Luckily, Americans aren’t as gullible in 2016 as they were in 2003, as many now keep up with the news by seeking more independent channels. But will the next administration bother to ask us our opinion before launching into another war?
"If the American people are really so unbelievably stupid that they think lewd remarks about women are more important than avoiding nuclear war, the American people are too stupid to exist. They will deserve the mushroom clouds that will wipe them and everyone else off the face of the earth."
With less than two weeks to go before E-day -- despite the Trumptilian upheaval of the last year -- the high probability of a Clinton win means the establishment remains intact. When we awaken on November 9th, it will undoubtedly be dawn in Hillary Clinton’s America and that potentially means four years of an economic dystopia that will (as would Donald Trump’s version of the same) leave many Americans rightfully anxious about their economic futures.
Last night, David Rosenberg pointed out something troubling: we have just witnessed five multi-billion dollar deals this past week alone — $207 billion globally (AT&T/Time Warner; TD Ameritrade/Scottrade) in what has been the most active announcement list since 1999. We can now add another massive deal to the list: this morning Qualcomm announced it would buy NXP Semiconductors NV for about $47 billion, including debt, as it seeks to expand the reach of its chips from phones to cars.
After serving much drama to its shareholders - and global markets - over the past couple of months, when its stock tumbled to all time lows, Deutsche Bank provided some relief when earlier this morning it reported a modest, unexpected profit of €256 million for the third quarter on lower litigation and restructuring costs, beating consensus estimate. However, to many on Wall Street, this wasn't enough.
The long await IPO of Snapchat is finally coming: according to Bloomberg the social media will seek to raise as much as $4 billion in its planned initial public offering, making it the biggest social media company to go public since Twitter's initial public offering in November 2013.
Whenever people are forced by the government to accept and pay for things they do not want, the outcome is discontent and opposition, typically suppressed and downplayed by the mainstream media in accordance with the state’s agenda of political correctness. Trump stands for everyone who is sick and tired of the current system and the political elite who have grown out of touch with ordinary American citizens... they are the American version of the European anti-establishment movement.
As a result of this projected decline in EPS, Apple is expected to be the largest detractor to expected earnings growth for the S&P 500 Information Technology sector for Q3 2016. The blended earnings growth rate for the Information Technology sector is 4.2%. Excluding Apple, the blended earnings growth rate for the sector would improve to 10.9%.
"We cut our S&P 500 earnings estimates for each of the next several years. Our revised operating EPS forecasts now equal $105 (2016), $116 (2017), and $122 (2018) reflecting annual growth of 5%, 10%, and 5%, respectively. Low interest rates and peaking margins constrain profit growth in Information Technology, Financials, and Telecom and drive the reduction in our index-level EPS forecast." - Goldman Sachs
Global stocks jumped around the globe, with Europe's Stoxx 600 and US equity futures rising more than 0.5% on a surge in merger announcements over the weekend including the $85 billion mega takeout of AT&T for Time Warner, the $6.4 billion acquisition of B/E Aerospace by Rockwell Collins, the $2.7 billion deal targeting Genworth by China Oceanwide and the just announced $4 billion purchase of Scotttrade by Ameritrade.
China Oceanwide Holdings, a Chinese financial conglomerate, agreed to buy US insurer Genworth Financial for $2.7 billion in cash, a 4% premium to closing, and pledging to help the U.S. firm manage its debt and strengthen life insurance units after it was hurt by higher-than-expected losses tied to long-term care coverage.
History doesn’t occur in a vacuum; when the U.S. and Russia confront each other directly, it won’t be because of a mere incident occurring in Syrian airspace. It will be because the two nuclear powers have been confronting each other with little resistance from the corporate media, which keeps us well entertained and preoccupied with political charades, celebrity gossip, and outright propaganda.