Gold spikes above $1,400 per ounce to prices not seen in nearly 6 years

Gold prices soared for a second day in a row on Friday, touching levels not seen in almost 6 years. As of 12:16 p.m. HK/SIN, spot gold jumped 1.3% to about $1,405.83 per ounce — soaring past the $1,400 level for the first time since September 2013. The U.S. dollar index, which tracks the greenback against a basket of currencies, also tumbled to 96.543 after touching levels above 97.6 earlier in the week. “Gold prices have recovered from their lows and we think this rise could be sustainable,” st


Gold prices soared for a second day in a row on Friday, touching levels not seen in almost 6 years. As of 12:16 p.m. HK/SIN, spot gold jumped 1.3% to about $1,405.83 per ounce — soaring past the $1,400 level for the first time since September 2013. The U.S. dollar index, which tracks the greenback against a basket of currencies, also tumbled to 96.543 after touching levels above 97.6 earlier in the week. “Gold prices have recovered from their lows and we think this rise could be sustainable,” st
Gold spikes above $1,400 per ounce to prices not seen in nearly 6 years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: eustance huang
Keywords: news, cnbc, companies, gold, 1400, spikes, note, nearly, seen, stimulus, central, spot, ounce, prices, bank, levels, level, touching


Gold spikes above $1,400 per ounce to prices not seen in nearly 6 years

Melted gold flows out of a smelter into a mould of a one kilogram bar at a plant of gold refiner and bar manufacturer Argor-Heraeus SA in the southern Swiss town of Mendrisio.

Gold prices soared for a second day in a row on Friday, touching levels not seen in almost 6 years.

As of 12:16 p.m. HK/SIN, spot gold jumped 1.3% to about $1,405.83 per ounce — soaring past the $1,400 level for the first time since September 2013. Gold futures also rose 0.92% to $1,409.70 per ounce.

Gold prices surged a day earlier, after the U.S. Federal Reserve opened the door for a possible rate cut in the future, sending the yield on the benchmark 10-year Treasury note below 2% — a key psychological level — for the first time since November 2016.

The U.S. dollar index, which tracks the greenback against a basket of currencies, also tumbled to 96.543 after touching levels above 97.6 earlier in the week.

“Gold prices have recovered from their lows and we think this rise could be sustainable,” strategists at Singapore’s DBS Group Research wrote in a note. “Rising political tensions, lower bond yields and (a U.S. dollar) on the verge of reversing should make the rest of 2019 very interesting for the metal.”

Also on Thursday, European Central Bank President Mario Draghi said “additional stimulus will required” if the economic situation worsens in the coming months. Bank of Japan Governor Haruhiko Kuroda also indicated on Thursday the central bank would “consider expanding stimulus without hesitation ” — should the economy lose momentum toward achieving the ever elusive 2% inflation target.

Tensions in the Middle East also continue to linger following Iran shooting down a U.S. drone on Thursday.

With central banks loosening monetary policy, and US growth potentially peaking amid elevated geopolitical risks, Analysts at Citi said in a Thursday note that they were updating their longstanding bullish targets for gold.

“We published a 6-12m point-price of $1,400/oz in January and we now roll that forward to a $1,450 0-3m target, contingent on a dovish July FOMC (e.g. 50 bps and further signaling),” they said.

— Correction: This article was updated to reflect that spot gold prices crossed the $1,400 mark for the first time since September 2013.


Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: eustance huang
Keywords: news, cnbc, companies, gold, 1400, spikes, note, nearly, seen, stimulus, central, spot, ounce, prices, bank, levels, level, touching


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

The price of apples is soaring in China, and Beijing is showing concern

The price of apples in China has surged nearly 30%, and consumers are cutting their purchases of the fruit, according to data from grocery delivery platform Dada-JD Daojia. Government figures released Wednesday showed China’s consumer price index rose in May to 2.7%, its highest in more than a year, boosted by an 18.2% climb in pork prices and a 26.7% increase in fruit prices. African swine fever has hit millions of pigs, while bad weather has hit the fruit crop. The cost of half a kilogram of a


The price of apples in China has surged nearly 30%, and consumers are cutting their purchases of the fruit, according to data from grocery delivery platform Dada-JD Daojia. Government figures released Wednesday showed China’s consumer price index rose in May to 2.7%, its highest in more than a year, boosted by an 18.2% climb in pork prices and a 26.7% increase in fruit prices. African swine fever has hit millions of pigs, while bad weather has hit the fruit crop. The cost of half a kilogram of a
The price of apples is soaring in China, and Beijing is showing concern Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: evelyn cheng
Keywords: news, cnbc, companies, fruit, concern, increase, yuan, soaring, beijing, prices, nearly, dadajd, hit, pound, showing, apples, china, price, consumer


The price of apples is soaring in China, and Beijing is showing concern

The price of apples in China has surged nearly 30%, and consumers are cutting their purchases of the fruit, according to data from grocery delivery platform Dada-JD Daojia.

That’s just one example in several jumps in food prices in the country. The rapid increase is worth watching for any impact on consumer sentiment and spending, especially since Beijing is putting great emphasis on consumption as a way to keep the economy steadily growing.

Government figures released Wednesday showed China’s consumer price index rose in May to 2.7%, its highest in more than a year, boosted by an 18.2% climb in pork prices and a 26.7% increase in fruit prices.

African swine fever has hit millions of pigs, while bad weather has hit the fruit crop.

The cost of half a kilogram of apples jumped to 15.19 yuan at the beginning of June from 11.81 yuan at the end of April, Dada-JD Daojia said. That’s an increase from about $1.55 a pound to nearly $2 per pound.


Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: evelyn cheng
Keywords: news, cnbc, companies, fruit, concern, increase, yuan, soaring, beijing, prices, nearly, dadajd, hit, pound, showing, apples, china, price, consumer


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

J&J, Colgate ordered to pay nearly $10 million in California talc cancer case

A California jury on Wednesday ruled in favor of a plaintiff who blamed her cancer on talcum-based products made by Johnson & Johnson and Colgate-Palmolive. Plaintiff Patricia Schmitz will be awarded $4.8 million in damages from each company, J&J said. The consumer products company, which makes everything from Tylenol to Aveeno lotions, faces more than 13,000 talc-related lawsuits. Just two weeks ago, J&J was ordered to pay $300 million in punitive damages to a woman in New York who blamed her c


A California jury on Wednesday ruled in favor of a plaintiff who blamed her cancer on talcum-based products made by Johnson & Johnson and Colgate-Palmolive. Plaintiff Patricia Schmitz will be awarded $4.8 million in damages from each company, J&J said. The consumer products company, which makes everything from Tylenol to Aveeno lotions, faces more than 13,000 talc-related lawsuits. Just two weeks ago, J&J was ordered to pay $300 million in punitive damages to a woman in New York who blamed her c
J&J, Colgate ordered to pay nearly $10 million in California talc cancer case Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, nearly, jj, talc, company, punitive, pursue, baby, products, california, colgate, ordered, case, schmitz, pay, cancer, spokesperson, million


J&J, Colgate ordered to pay nearly $10 million in California talc cancer case

A California jury on Wednesday ruled in favor of a plaintiff who blamed her cancer on talcum-based products made by Johnson & Johnson and Colgate-Palmolive.

Plaintiff Patricia Schmitz will be awarded $4.8 million in damages from each company, J&J said. Schmitz said she developed mesothelioma after using both J&J’s baby powder and Colgate’s Cashmere Bouquet. She was not awarded punitive damages.

The ruling was another setback for J&J. The consumer products company, which makes everything from Tylenol to Aveeno lotions, faces more than 13,000 talc-related lawsuits. Just two weeks ago, J&J was ordered to pay $300 million in punitive damages to a woman in New York who blamed her cancer on the company’s talc products. That same day jurors in a similar case in South Carolina cleared the company of liability.

J&J denies allegations that its talc causes cancer. It said numerous studies and tests by regulators worldwide have shown that its talc is safe and asbestos-free.

“We will pursue an appeal because Johnson’s Baby Powder does not contain asbestos or cause cancer, as supported by decades of independent clinical evidence,” a spokesperson for J&J said in a statement. “There were serious procedural and evidentiary errors in the proceeding that required us to move for mistrial on multiple occasions and we believe provide strong grounds for appeal.”

A spokesperson for Colgate said that the “trial suffered from numerous significant legal and evidentiary errors that we believe unfairly prejudiced the defense.” The person did not say whether the company would pursue an appeal.

J&J relaunched its iconic namesake baby product line last summer to reverse a decline in the company’s baby care unit. While trusted for decades, the 124-year-old brand had fallen out of touch with consumers, namely millennial moms, who have been increasingly opting for upstart brands with a trendier, more natural image.

— CNBC’s Angelica LaVito contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, nearly, jj, talc, company, punitive, pursue, baby, products, california, colgate, ordered, case, schmitz, pay, cancer, spokesperson, million


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Protests against Kazakhstan’s presidential election lead to violence in the capital

Though that may seem a sweeping victory for Jomart-Tokayev, the transfer of office has spurred unrest in the country’s capital Nur-Sultan and largest city Almaty. About 500 protesters were arrested by police, the BBC reported, citing local officials. The demonstration, decrying what protests called a “dictatorship” in the country, is the largest Kazakhstan has seen in recent years. As protest is not tolerated in the country, the demonstration led to violence in the streets. A BBC correspondent i


Though that may seem a sweeping victory for Jomart-Tokayev, the transfer of office has spurred unrest in the country’s capital Nur-Sultan and largest city Almaty. About 500 protesters were arrested by police, the BBC reported, citing local officials. The demonstration, decrying what protests called a “dictatorship” in the country, is the largest Kazakhstan has seen in recent years. As protest is not tolerated in the country, the demonstration led to violence in the streets. A BBC correspondent i
Protests against Kazakhstan’s presidential election lead to violence in the capital Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: grace shao
Keywords: news, cnbc, companies, nearly, protests, protest, violence, capital, reported, bbc, largest, election, country, kazakhstans, jomarttokayev, lead, demonstration, yearsas, presidential, nursultan


Protests against Kazakhstan's presidential election lead to violence in the capital

Kazakhstan’s first president, Nursultan Nazarbayev, has stepped down after a nearly three-decade-long tenure.

His successor, Kassym Jomart-Tokayev, confirmed his position after taking nearly 71% of the vote in Sunday’s election against six other government-approved candidates, according to Foreign Policy. His closest opposition candidate trailed behind with 16.2%.

Though that may seem a sweeping victory for Jomart-Tokayev, the transfer of office has spurred unrest in the country’s capital Nur-Sultan and largest city Almaty.

About 500 protesters were arrested by police, the BBC reported, citing local officials. The demonstration, decrying what protests called a “dictatorship” in the country, is the largest Kazakhstan has seen in recent years.

As protest is not tolerated in the country, the demonstration led to violence in the streets. A BBC correspondent in Nur-Sultan reported people being dragged onto buses by riot police. Many journalists were also detained covering the protest, while social media platforms such as Facebook and Telegram were reportedly inaccessible in the country during that time.


Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: grace shao
Keywords: news, cnbc, companies, nearly, protests, protest, violence, capital, reported, bbc, largest, election, country, kazakhstans, jomarttokayev, lead, demonstration, yearsas, presidential, nursultan


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

FANG stocks just lost nearly $130 billion in market cap, and chart points to more pain

Facebook, Amazon, Netflix and Alphabet tanked Monday, shedding nearly $130 billion in market cap collectively. Those losses sent Facebook, Netflix and Alphabet into a bear market, having dropped at least 20% from recent records. The NYSE Fang+ index, which tracks the big tech companies and a handful of other stocks, could be in for more pain, says Ari Wald, head of technical analysis at Oppenheimer. The NYSE Fang+ index tumbled 4% on Monday, and remains just 1% higher for the year. “They could a


Facebook, Amazon, Netflix and Alphabet tanked Monday, shedding nearly $130 billion in market cap collectively. Those losses sent Facebook, Netflix and Alphabet into a bear market, having dropped at least 20% from recent records. The NYSE Fang+ index, which tracks the big tech companies and a handful of other stocks, could be in for more pain, says Ari Wald, head of technical analysis at Oppenheimer. The NYSE Fang+ index tumbled 4% on Monday, and remains just 1% higher for the year. “They could a
FANG stocks just lost nearly $130 billion in market cap, and chart points to more pain Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: keris lahiff
Keywords: news, cnbc, companies, companies, growth, chart, stocks, market, nearly, index, trading, fang, billion, antitrust, pain, sanchez, cap, lost, points, microsoft, nyse


FANG stocks just lost nearly $130 billion in market cap, and chart points to more pain

Fears of increased government scrutiny just crushed FANG stocks.

Facebook, Amazon, Netflix and Alphabet tanked Monday, shedding nearly $130 billion in market cap collectively. Those losses sent Facebook, Netflix and Alphabet into a bear market, having dropped at least 20% from recent records.

The drop came on the first trading day after The Wall Street Journal reported that the Justice Department is readying an antitrust investigation against Google over its search practices and other issues. Alphabet declined to comment.

The NYSE Fang+ index, which tracks the big tech companies and a handful of other stocks, could be in for more pain, says Ari Wald, head of technical analysis at Oppenheimer.

“As a group, this particular index has not fared well. If you look at the NYSE Fang+ index — it’s an equal weighted composite of 10 related names, it’s the four we know plus stocks like Tesla and Alibaba are in there as well — it’s trading at the same level it first traded at back in December of 2017, ” Wald said on CNBC’s “Trading Nation ” on Monday. “It’s been a very tough market for this index in what’s really been a better environment for high growth in general.”

The NYSE Fang+ index tumbled 4% on Monday, and remains just 1% higher for the year. By comparison, high-growth sectors including software, consumer discretionary and communication services have rallied by at least 10%.

“For this particular index, I can say that there’s really no signs that this underperformance is abating, and for exposure we prefer software and services. We think that’s going to be the part of high growth that outperforms,” said Wald.

Gina Sanchez, CEO of Chantico Global, says just the threat of increased regulatory oversight could stymie the FANG trade for some time.

“These companies will be very, very mired in the process of being scrutinized,” Sanchez said during the same segment. “They could actually keep these companies so involved in this process over the next two years that they won’t be able to effectively run and do the things that growth companies do.”

The degree of oversight could mirror the intense antitrust scrutiny given to Microsoft during the 1990s, says Sanchez. The U.S. government accused Microsoft of illegally maintaining a monopoly, a case it won in a 2000 ruling.

“The market response is appropriate given the fact that everybody saw what happened to Microsoft, they had to take their eye off the ball, and so this could be one of those moments,” said Sanchez.

Microsoft’s stock price was largely unaffected over the course of the case. From the point at which the Department of Justice filed antitrust charges in May 1998 to the April 2000 ruling, Microsoft shares more than doubled.


Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: keris lahiff
Keywords: news, cnbc, companies, companies, growth, chart, stocks, market, nearly, index, trading, fang, billion, antitrust, pain, sanchez, cap, lost, points, microsoft, nyse


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Nearly every US state is now suing OxyContin maker Purdue Pharma

California, Hawaii and Maine — as well as the District of Columbia — filed lawsuits Monday against Purdue Pharma, bringing the total number of states accusing the OxyContin maker of helping to ignite the nationwide opioid crisis to at least 48. Like those of other states, the new lawsuits accuse the privately held company and its owners, the Sackler family, of downplaying the risks of addiction to OxyContin while exaggerating its benefits. Prosecutors say the company’s marketing practices encour


California, Hawaii and Maine — as well as the District of Columbia — filed lawsuits Monday against Purdue Pharma, bringing the total number of states accusing the OxyContin maker of helping to ignite the nationwide opioid crisis to at least 48. Like those of other states, the new lawsuits accuse the privately held company and its owners, the Sackler family, of downplaying the risks of addiction to OxyContin while exaggerating its benefits. Prosecutors say the company’s marketing practices encour
Nearly every US state is now suing OxyContin maker Purdue Pharma Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, lawsuits, purdue, pharma, nearly, health, public, states, crisis, maker, overdoses, california, prescription, yearpurdue, oxycontin, suing, state


Nearly every US state is now suing OxyContin maker Purdue Pharma

California, Hawaii and Maine — as well as the District of Columbia — filed lawsuits Monday against Purdue Pharma, bringing the total number of states accusing the OxyContin maker of helping to ignite the nationwide opioid crisis to at least 48.

Like those of other states, the new lawsuits accuse the privately held company and its owners, the Sackler family, of downplaying the risks of addiction to OxyContin while exaggerating its benefits. Prosecutors say the company’s marketing practices encouraged doctors to push higher doses of the narcotic and contributed to a public health crisis that has caused thousands of overdoses in the U.S. each year.

“Purdue and the Sacklers traded the health and well being of Californians for profit and created an unprecedented national public health crisis in the process,” California Attorney General Xavier Becerra said Monday at a news conference announcing the state’s legal action. “We will hold them accountable.”

OxyContin is a prescription drug used to treat moderate-to-severe pain in adults. From 1999 to 2017, nearly 218,000 people died in the United States from overdoses related to prescription opioids, according to the U.S. Centers for Disease Control and Prevention. OxyContin first came on the market in 1996.


Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, lawsuits, purdue, pharma, nearly, health, public, states, crisis, maker, overdoses, california, prescription, yearpurdue, oxycontin, suing, state


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Dow futures fall nearly 100 points after China blames US for trade war, Alphabet shares drop

U.S. stock index futures fell on Monday, the first trading day of June, after China’s rhetoric on U.S. trade relationship intensified over the weekend. ET, Dow Jones Industrial Average futures slipped 93 points, indicating a drop of 95 points at the open. The Dow came into Monday’s session having logged in six straight weeks of losses, the index’s longest weekly slide since 2011. Shares of Caterpillar and Boeing, two trade bellwethers of global trade, fell 2.2% and 1.1%, respectively. On the dat


U.S. stock index futures fell on Monday, the first trading day of June, after China’s rhetoric on U.S. trade relationship intensified over the weekend. ET, Dow Jones Industrial Average futures slipped 93 points, indicating a drop of 95 points at the open. The Dow came into Monday’s session having logged in six straight weeks of losses, the index’s longest weekly slide since 2011. Shares of Caterpillar and Boeing, two trade bellwethers of global trade, fell 2.2% and 1.1%, respectively. On the dat
Dow futures fall nearly 100 points after China blames US for trade war, Alphabet shares drop Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: fred imbert sam meredith, fred imbert, sam meredith
Keywords: news, cnbc, companies, manufacturing, fall, war, china, session, index, data, fell, futures, dow, tariffs, nearly, trade, wang, points, shares, drop


Dow futures fall nearly 100 points after China blames US for trade war, Alphabet shares drop

U.S. stock index futures fell on Monday, the first trading day of June, after China’s rhetoric on U.S. trade relationship intensified over the weekend.

At around 6:52 a.m. ET, Dow Jones Industrial Average futures slipped 93 points, indicating a drop of 95 points at the open. Futures on the S&P 500 and Nasdaq 100 also fell. The Dow came into Monday’s session having logged in six straight weeks of losses, the index’s longest weekly slide since 2011.

Shares of Caterpillar and Boeing, two trade bellwethers of global trade, fell 2.2% and 1.1%, respectively. Alphabet shares also dropped 3% after the Justice Department is reportedly investigating the tech company for antitrust violations.

Chinese Vice Commerce Minister Wang Shouwen said in a white paper Sunday that Washington would not be able to use pressure to force a trade deal on Beijing. He also refused to say whether the leaders of both countries would meet at the G-20 summit to work out an agreement later this month.

Wang added: “The U.S. has backtracked, and when you give them an inch, they want a yard.”

The remarks from Wang follow a month of heightened trade tensions between the world’s largest economies. The U.S. hiked tariffs on $200 billion worth of Chinese goods in May. China retaliated with higher tariffs on U.S. imports.

Trade worries also rattled Wall Street last week after President Donald Trump threatened to slap a 5% charge on all imports from Mexico. The threat sent stocks tumbling on Friday.

On the data front, a final reading of manufacturing PMI (Purchasing Managers’ Index) data for May will be released at around 9:45 a.m. ET. The Institute for Supply Management (ISM) manufacturing index for May, construction spending figures for April and latest light vehicle sales data will all follow slightly later in the session.


Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: fred imbert sam meredith, fred imbert, sam meredith
Keywords: news, cnbc, companies, manufacturing, fall, war, china, session, index, data, fell, futures, dow, tariffs, nearly, trade, wang, points, shares, drop


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

This stock yields nearly 3 times more than the 10-year—here’s how to trade it

With the stock’s dividend yield now at 6.3% — nearly three times that of the U.S. 10-year Treasury after its recent declines — AT&T’s current setup may look attractive to dividend-seeking investors. But the telecom giant’s unique characteristics make an options trade the better bet, contends Mike Khouw, co-founder and chief strategist of Optimize Advisors. “Let’s say … you really don’t want to reach and buy the stock despite that high dividend because you are concerned about that downside risk


With the stock’s dividend yield now at 6.3% — nearly three times that of the U.S. 10-year Treasury after its recent declines — AT&T’s current setup may look attractive to dividend-seeking investors. But the telecom giant’s unique characteristics make an options trade the better bet, contends Mike Khouw, co-founder and chief strategist of Optimize Advisors. “Let’s say … you really don’t want to reach and buy the stock despite that high dividend because you are concerned about that downside risk
This stock yields nearly 3 times more than the 10-year—here’s how to trade it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-28  Authors: lizzy gurdus
Keywords: news, cnbc, companies, khouw, options, nearly, yields, high, investors, dividend, calls, youre, times, trade, company, stock, 10yearheres, att


This stock yields nearly 3 times more than the 10-year—here's how to trade it

It’s time to buy calls in AT&T, according to several options traders.

With the stock’s dividend yield now at 6.3% — nearly three times that of the U.S. 10-year Treasury after its recent declines — AT&T’s current setup may look attractive to dividend-seeking investors. But the telecom giant’s unique characteristics make an options trade the better bet, contends Mike Khouw, co-founder and chief strategist of Optimize Advisors.

“You’ve got a tremendous amount of debt on this balance sheet. They’re obviously dealing with the Time Warner integration,” he said Friday on CNBC’s “Options Action.” “Usually, when you’re looking at heavily indebted businesses, the thing you’re concerned about is if they also have significant negative cash flow.”

But there’s the catch: despite the fact that it’s the most heavily indebted company in the world, AT&T actually has significant free cash flow to offset its leverage, Khouw said.

Moreover, the stock’s chart appears to be bottoming, which tends to precede a sustained move higher, said Carter Worth, chief market technician at Cornerstone Macro, calling the stock “an old-line loser that is coming to life.”

Still, even with strong cash flow, large debt loads tend to make the underlying stocks more volatile, which is part of the reason investors should consider buying options on AT&T rather than purchasing the stock itself, Khouw said.

“Let’s say … you really don’t want to reach and buy the stock despite that high dividend because you are concerned about that downside risk. That high dividend tends to make those calls cheap,” he said. “We actually see that.”

“The July $32 calls, when I was looking at that earlier [Friday], were trading for about 95 cents, and let’s consider that those were already about 30 cents in the money,” Khouw said. “That’s really 65 cents of extrinsic premium to make a bullish bet in AT&T because of that high dividend in case the price should start moving up. So, I think there’s actually a pretty inexpensive way to bet on that positive price action without taking a lot of downside risk by just simply going out and buying calls here.”

Dan Nathan, co-founder and editor of RiskReversal.com, liked how Khouw and Worth approached AT&T’s situation.

“You’re not risking a whole heck of a lot — a few percent for about a month and a half, close to two months. It’s already in the money here,” Nathan said. “The purchase of Time Warner is really setting up for this all to come together, and at some point, it’s going to make a lot of sense to start thinking about what this company looks like when they have 5G, they have the content. What does a new telco media company look like? ”

For now, though, the combination of the high yield, AT&T’s bottoming pattern, and investors’ flight to safety amid escalating trade tensions made Nathan bullish on this particular trade.

“I think it makes sense,” he said. “I think at some point towards the latter half of this year you’re going to see some investors start thinking about what this company looks like in 2020, ’21, the way we saw Disney just explode once they were able to articulate putting all those pieces together and what their future looks like. ”

AT&T shares lost more than 1% in Tuesday trading. The stock has gained nearly 12% year to date.


Company: cnbc, Activity: cnbc, Date: 2019-05-28  Authors: lizzy gurdus
Keywords: news, cnbc, companies, khouw, options, nearly, yields, high, investors, dividend, calls, youre, times, trade, company, stock, 10yearheres, att


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

The measles infected nearly every child in the US — until the vaccine was introduced

Nearly every American child contracted measles at some point before the measles, mumps and rubella vaccine was introduced in 1963. British physician Dr. Andrew Wakefield published a study in 1998 — which has since been retracted — that wrongfully claimed the MMR vaccine caused autism. Messonnier said it’s important people understand how “extensively and thoroughly” the MMR vaccine is studied. The WHO reported a 300% increase in measles cases in the first three months of this year compared with t


Nearly every American child contracted measles at some point before the measles, mumps and rubella vaccine was introduced in 1963. British physician Dr. Andrew Wakefield published a study in 1998 — which has since been retracted — that wrongfully claimed the MMR vaccine caused autism. Messonnier said it’s important people understand how “extensively and thoroughly” the MMR vaccine is studied. The WHO reported a 300% increase in measles cases in the first three months of this year compared with t
The measles infected nearly every child in the US — until the vaccine was introduced Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: angelica lavito john w schoen, angelica lavito, john w schoen
Keywords: news, cnbc, companies, officials, vaccinated, infected, possible, cases, child, nearly, vaccine, introduced, disease, mmr, measles, health, children


The measles infected nearly every child in the US — until the vaccine was introduced

This image depicts a schoolboy receiving a measles vaccination in1962. As part of the national immunization effort, this doctor was giving a measles vaccination to a young boy at Fernbank School in Atlanta, Georgia.

Cheryl Healton remembers the look on her mother’s face when the then 8-year old was diagnosed with measles in 1961.

“I could tell by her reaction that my life was at risk,” said Healton, now 66 and the dean of New York University’s College of Global Public Health.

It was. While measles is best known for the rash it produces, the disease leaves people sick with a fever, runny nose, and can lead to complications like pneumonia, brain swelling and, in some cases, even death.

Nearly every American child contracted measles at some point before the measles, mumps and rubella vaccine was introduced in 1963. About half a million new cases were reported to the Centers for Disease Control and Prevention every year between 1942, the first year it was tracked, and 1962.

Most cases went unreported, and the CDC estimates up to 4 million people actually caught the measles every year. About 400 to 500 people died, 48,000 were hospitalized and 1,000 suffered encephalitis, or brain swelling.

That changed when the MMR vaccine hit the market. Measles cases started plummeting.

A resurgence in the late 1980s and early 1990s led health officials to recommend babies get two doses of the MMR shot instead of the previously recommended one. It also caused them to realize some children weren’t getting vaccinated because they were uninsured or underinsured and they couldn’t afford it, said Dr. Nancy Messonnier, acting director of the CDC’s National Center for Preparedness and Response.

Lawmakers created the Vaccines for Children Program in 1993 that allows children who can’t afford vaccines to get them for free. Seven years later, in 2000, the CDC declared measles eliminated from the U.S., meaning the disease was no longer being transmitted between Americans.

But people no longer saw the measles as a threat, and that was a problem. British physician Dr. Andrew Wakefield published a study in 1998 — which has since been retracted — that wrongfully claimed the MMR vaccine caused autism. His work is largely credited with giving birth to the so-called anti-vaxx movement that’s scared some parents into refusing to vaccinate their children.

Eighteen studies from seven different countries on three different continents have since proven children who receive the vaccine are at no greater risk of getting autism, but the fear still exists, said Dr. Paul Offit, director of the Vaccine Education Center at the Children’s Hospital of Philadelphia.

“It’s hard to unscare people,” he said. “It’s easy to scare them. It’s much harder to unscare them.”

Messonnier said it’s important people understand how “extensively and thoroughly” the MMR vaccine is studied.

Prevention efforts rely on herd immunity where most people in a community are vaccinated, creating a “societal cushion” that protects people who cannot be vaccinated, she said. When that breaks down, measles can spread quickly and easily. The disease is among the most contagious in the world, and it’s still common in some parts of the world.

An estimated 7 million people were affected by the measles in 2016, according to the World Health Organization. Global measles deaths decreased 84%, dropping to 89,780 in 2016 from 550,100 in 2000.

Measles has started to spread again in recent years as more parents refuse to vaccinate their children, even though health officials stress immunizations are the best way to protect against the measles. The WHO reported a 300% increase in measles cases in the first three months of this year compared with the same time last year.

This year, health officials are battling the worst year for the disease in 25 years after unvaccinated Americans brought the disease back after visiting the Philippines, Ukraine and Israel, among other countries. The CDC has confirmed 940 new cases of measles so far this year through Friday, largely in unvaccinated children.

“What [this year’s increase in cases] shows us is that our ability to control measles is fragile,” Messonnier said.

Yet it’s possible to eliminate measles “from the face of this Earth” because the MMR vaccine “is good enough to do that,” Offit said. Two doses of the vaccine are 97% effective, according to the CDC.

For those in public health who have watched measles cases plummet over the years, watching it make a comeback is shocking.

“If you would have told me five years ago I would have laughed and said that’s not possible,” said Healton. “But the internet has made it possible.”


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: angelica lavito john w schoen, angelica lavito, john w schoen
Keywords: news, cnbc, companies, officials, vaccinated, infected, possible, cases, child, nearly, vaccine, introduced, disease, mmr, measles, health, children


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Shares of Victoria’s Secret-owner L Brands spike nearly 11% after beating earnings expectations

A shopper carries a Victoria’s Secret bag while walking on Steinway Street in the Queens, New York. Shares of L Brands, the owner of Victoria’s Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and earnings expectations, helped by the strength of its Bath & Body Works stores. Same-store sales at Victoria’s Secret continued to fall, with the brand reporting a 5% drop in comparable sales. L Brands said it closed 35 and opened


A shopper carries a Victoria’s Secret bag while walking on Steinway Street in the Queens, New York. Shares of L Brands, the owner of Victoria’s Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and earnings expectations, helped by the strength of its Bath & Body Works stores. Same-store sales at Victoria’s Secret continued to fall, with the brand reporting a 5% drop in comparable sales. L Brands said it closed 35 and opened
Shares of Victoria’s Secret-owner L Brands spike nearly 11% after beating earnings expectations Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: ashley turner
Keywords: news, cnbc, companies, shares, body, nearly, share, billion, sales, secretowner, victorias, expectations, beating, secret, analysts, company, spike, brands, brand, earnings


Shares of Victoria's Secret-owner L Brands spike nearly 11% after beating earnings expectations

A shopper carries a Victoria’s Secret bag while walking on Steinway Street in the Queens, New York.

Shares of L Brands, the owner of Victoria’s Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and earnings expectations, helped by the strength of its Bath & Body Works stores.

The company raised the low-end of its earnings forecast for 2019. It expects earnings to fall between $2.30 and $2.60 a share, up from its previous estimates of $2.20 and $2.60 per share.

Here’s what the company reported compared with what Wall Street expected, based on a survey of analysts by Refinitiv:

Earnings per share: 14 cents vs. break-even expected

Revenue: $2.63 billion vs. $2.56 billion expected

Same-store sales: Flat vs. down 1.3% expected

For the first quarter ended May 4, L Brands said net income fell to $40.3 million, or 14 cents a share, from $47.5 million, or 17 cents a share, a year ago. That was far better than the breakeven results that analysts had predicted on a per-share basis.

L Brands net sales inched up to $2.628 billion from $2.625 billion a year ago. Analysts expected the company to earn $2.56 billion.

Sales at stores open at least 12 months were flat during the quarter, but that was better than the 1.3% decline analysts predicted.

Same-store sales at Victoria’s Secret continued to fall, with the brand reporting a 5% drop in comparable sales. However, same-store sales at Bath & Body Works rose by 13%.

L Brands said it closed 35 and opened one company-owned Victoria’s Secret stores in the first quarter.

The Victoria’s Secret brand, known for its sexy bra styles, has struggled to adapt to changing consumer tastes and has faced criticism for selling less comfortable bras, which it markets on ever-skinnier models. The brand has lost market share to companies like Adore Me, Lively, ThirdLove and American Eagle’s Aerie, which consumers say are more comfortable and inclusive of different body types.

After Victoria’s Secret saw a $500 million drop in annual revenues after pulling its bathing suits off the market in 2016, the brand recently decided to reintroduce swimwear.

L Brands CEO Les Wexner earlier this month also sent an internal memo to employees saying Victoria’s Secret is “rethinking” its annual fashion show because network television is no longer the “right fit.” Viewership of the event has declined. Last year’s show in December earned the worst ratings in its nearly 20-year broadcast history.


Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: ashley turner
Keywords: news, cnbc, companies, shares, body, nearly, share, billion, sales, secretowner, victorias, expectations, beating, secret, analysts, company, spike, brands, brand, earnings


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post