Nelson Peltz

Frontrunning: October 11

  • Republicans to Trump and Corker: Please just stop (Politico)
  • Trump Wants to Weaken Nafta’s Influence, Power (WSJ)
  • Spain Warns Catalonia With Threat of Direct Control From Madrid (BBG)
  • U.S. warship sails near islands Beijing claims in South China Sea (Reuters)
  • U.S. flies bombers over Korean peninsula (Reuters)

Frontrunning: September 29

  • Republican Tax Plan Hits First Hurdle (WSJ)
  • A $6.4 Billion Windfall Awaits Big U.S. Banks in Trump's Tax Cut (BBG)
  • How Does the Trump Tax Plan Affect You? WSJ Answers Your Questions (WSJ)
  • Twitter suspends Russia-linked accounts, but U.S. senator says response inadequate (Reuters)
  • Flight ban on Iraqi Kurds imposed after independence vote (Reuters)

Frontrunning: September 19

  • Markets Brace for Fed’s Big Move: The End of Easy Money (WSJ)
  • Senate GOP Has 12 Days to Repeal Obamacare and No Room for Error (BBG)
  • Senate GOP Considers a Trillion-Dollar-Plus Tax Cut for Budget (WSJ)
  • In first speech at U.N., Trump to single out North Korea, Iran (Reuters)
  • Trump to Push Nationalist Policy in First U.N. Address (WSJ)

Frontrunning: July 17

  • Americans Feel Good About the Economy, Not So Good About Trump (BBG)
  • GOP Leaders Brace for CBO Estimate on Revised Health-Care Bill (BBG)
  • From $2 Billion to Zero: A Private-Equity Fund Goes Bust in the Oil Patch (WSJ)
  • Turkey Building Up Army Base in Qatar, Erdogan Adviser Says (BBG)
  • U.S. Companies Have a New 401(k) Fix: Spend More (WSJ)

DuPont Stock Soars After CEO Quits And Company Slashes H2 EPS Guidance By Nearly 50%

Several months ago activist Nelson Peltz may lost his proxy fight against DuPont, but in retrospect he may be counting his lucky stars as moments ago the company became only the latest chemical giant to admit the gruesome reality of the global economic slump driven by a historic USD surge, when it not only cut its second half operating EPS from $0.75 to $0.40, in the process also slashing full year operating EPS from a prior guidance of $3.10 to just $2.75 mostly blaming Brazil, but in an even bigger shocker also reported that its CEO and Chairman Ellen Kullman is retiring from the company effective October 16.

Frontrunning: October 5

  • MOAR: Euro-Area Growth Seen Slowing in Sign More Stimulus May Be Ahead (BBG)
  • MOAR: Japan's wage growth slows in August, keeping pressure on BOJ for more stimulus (Reuters)
  • MOAR: Stocks, Copper, Emerging Markets Jump as Fed Delay on Rates Seen (BBG)
  • And yet... Central Banks Lose Bond-Market Credibility as Woes Mount (BBG)
  • World Bank cuts Asia growth forecast on China and US rates (BBC)

Frontrunning: August 21

  • No End in Sight for Oil Glut (WSJ)
  • Dozens of Clinton emails were classified from the start, U.S. rules suggest (Reuters)
  • China August Manufacturing Activity Hits Lowest Level Since 2009 (WSJ)
  • German Manufacturing Strengthens as Economy Shifts Up a Gear (BBG)
  • Israel responds to rocket attack with protest and air strikes (FT)
  • ASX carnage: 2015 fast becoming a year to forget  (Canberra Times)
  • Hong Kong Stocks Enter Bear Market After Falling From April Peak (BBG)

Is This Why Hillary Clinton Just Went Nuclear On Short-Term Capital Gains Tax?

"Hillary Clinton will propose a revamp of capital-gains taxes that would hit some short-term investors with higher rates, part of a package of measures designed to prod companies to put more emphasis on long-term growth," WSJ reports. Interested to know who might be pulling the strings behind the scenes? Read on...

Frontrunning: May 14

  • Amtrak train in Philadelphia wreck was traveling at twice speed limit (Reuters)
  • The engineer has no recollection of the crash and “no explanation” for what happened (WSJ)
  • Taliban claim attack on Afghan guesthouse that killed 14 (Reuters)
  • Chicago’s Junk Rating From Moody’s Puzzles Investors (BBG)
  • House votes to end spy agencies' bulk collection of phone data (Reuters)
  • Wesley Clark: The Penny-Stock General (BBG)
  • AOL’s Armstrong to Leave $213 Million Richer After Verizon Deal (BBG)

Dow Fires 1,750 After Boosting Share Buyback Program To $10 Billion

Several months ago we showed that in the aftermath of its brush with vocal activists such as Dan Loeb and Nelson Peltz, Dow Chemical did everything it could to push its stock price as high as it possibly could go. It did this in the simplest of ways: by buying back its own stock. In fact, over the past year, DOW bought back over $4 billion in DOW shares after barely doing any stock repurchases in prior years.  Still, without an organic growth in the company, and with increasing compensation for C-suite execs, and with just financial engineering to make the company appear prettier than it is, someone had to foot the bill. Moments ago we found out who:  "1,500 to 1,750 positions across a number of businesses and functions."