Consumer is 70% of US GDP: Today nominal retail sales in 3Q are on track to surge at a 61% q/q a.r., with real consumer spending up 37%.
Stephanie Link Wed 16 Sep 2020 23:22- The Fed's updated economic projections do not expect inflation to exceed 2.0% for at least three more years. Alot can happen in three years... Stephanie Link Wed 16 Sep 2020 19:11
- NAHB Housing Market Index increased 5pt to another record high 83 in August. Current sales improved 4 pts, future sales increased 6 pts, and traffic flow rose 9 pts. Stephanie Link Wed 16 Sep 2020 14:26
- US Retail Sales increased for the 4th consecutive month and are now up 2.57% y/y. Restaurant sales is notable up 4.7% m/m. Stephanie Link Wed 16 Sep 2020 14:26
- Auto recovery globally: China retail sales of passenger cars +39% y/y in the 2nd week of Sept, 6% higher m/m - China Passenger Car Association. Stephanie Link Wed 16 Sep 2020 08:51
- Learned something interesting today (as I always do): In 2019, the last all-male board in the $SPX announced its appointment of a female to its board. Within the $SPX women now comprise 27% of all board seats - a 17% increase. More to be done. #impactinvesting. Stephanie Link Wed 16 Sep 2020 00:01
- Learned something interesting today (as I always do): In 2019, the last all-male board in the $SPX announced its appointment of a female to its board. Withing the $SPX women now comprise 27% of all board seats - a 17% increase. More to be done. #impactinvesting. Stephanie Link Tue 15 Sep 2020 23:46
- CEOs continue to show confidence through M&A activity. The value of M&A deals in July and August was $256B - 2nd highest level ever. August’s nine deals of greater than $5B was the largest count since 1999. Stephanie Link Tue 15 Sep 2020 13:05
- FYI - I would like for all of you to know that any account that is not @Stephanie_Link is not my own. Anything else you may have seen is fraud. Stephanie Link Mon 14 Sep 2020 22:29
- $GILD finally does a deal: Buys $21 Billion Immunomedics Deal Link Stephanie Link Sun 13 Sep 2020 23:34Immunomedics Inc. for about $21 billion, a substantial premium for the maker of a promising breast-cancer therapy, in another big bet by the drug giant that an innovative tumor fighter can boost its fortunes.
- Oh and so it begins again as a Jets fan... Great to have sports back, though. So much to watch and DVR! Stephanie Link Sun 13 Sep 2020 21:28
- Have a lovely weekend. A lot to be thankful for on this 9/11 day. A tune I like: The Revivalists - Wish I knew you. Enjoy. Stephanie Link Fri 11 Sep 2020 19:57
- The life we are in: $CHWY revs up 50% with insane margin expansion (pricing). $PTON revs up 171% with average monthly workouts per connected fitness at 24.7m vs 12m y/y. Stephanie Link Thu 10 Sep 2020 23:36
- RT @HightowerAdvsor: Thrilled to share that Hightower’s CMO @AbbySalameh has won the WealthManagement 2020 Industry Award for RIA Thought… Stephanie Link Thu 10 Sep 2020 23:36
(Bloomberg) -- Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is offering to sell a roughly $20 billion stake in its retail business to Amazon.com Inc., according to a person with knowledge of the matter.
- China keeps No 2 rank for cloud services with record spending of US$4.3 billion in 2Q - fueled by increased demand online services. This is a +70% y/y led by domestic cloud infrastructure services spending on Alibaba Cloud. Stephanie Link Thu 10 Sep 2020 12:55
- Impressive top line acceleration at $RH with core demand +24% y/y. Steady monthly progress: May +7%, June +32%, July +34%, Aug +47% and first 10 days in Sept +44%. #housing Stephanie Link Thu 10 Sep 2020 12:30
- $AAL conference green-shoots: Flights beginning to fill up on limited schedule -- seeing gradual improvement in bookings, yet still has to align cost structure for the macro changes. Stephanie Link Wed 09 Sep 2020 15:44
- 3Q corporate profits are on track to increase roughly 25% q/q, which would lift them from -20% y/y in 2Q, to 1% y/y – putting their level just 2% below their pre-Covid peak. Stephanie Link Wed 09 Sep 2020 14:39
- German tractor registrations increase 33% in August - HHP units up 47% and low HP units up 19%. $DE $AGCO Stephanie Link Wed 09 Sep 2020 11:24
- $AAPL to start producing first 5G iPhones in mid-September - a little earlier than expected. Link Stephanie Link Tue 08 Sep 2020 13:23
TAIPEI -- Apple has overcome travel curbs and other coronavirus disruptions to begin initial production of its 5G iPhones in mid-September, narrowing the production delay to just weeks instead of months, the Nikkei Asian Review has learned.
Manufacturing will begin on a limited scale, with mass production expected to begin gradually between the end of September and early October. This timetable is still behind Apple's usual schedule over the past few years, when mass production began in August for lineups released in September, but it is a large improvement compared with the situation a few months ago, two sources familiar with the matter said.
Given the lost time, however, Apple may fall short of its production target for the year. The California tech giant ordered components for up to 80 million 5G iPhones, but sources say the actual number produced this year may end up being between 73 million and 74 million, with the rest deferred into early 2021, two sources...
- Economic momentum worth paying attention to: New Orders Index +40.5 index points in the past four months - the fastest survey in history. This is highly correlated with growth rate of the $SPX estimates, earnings, cap spend trends, and cyclical momentum. Stephanie Link Tue 08 Sep 2020 00:13
- Economic momentum worth paying attention to: New Orders Index +40.5 index points in the past four months - the fastest survey in history. This is highly correlated with growth rate of the $SPX estimates, earnings, cap spend trends, and cyclical momentum. #rotationcontunues Stephanie Link Mon 07 Sep 2020 23:58
- Pretty amazing in the tennis world. 16 yrs is a long time. Link Stephanie Link Mon 07 Sep 2020 23:53
For the first time in 16 years, none of Rafael Nadal, Novak Djokovic or Roger Federer will feature in the final eight of a Grand Slam.
Following Djokovic's disqualification for unintentionally hitting a line judge, a Grand Slam will not feature any of men's tennis's top three for the first time in 16 years, leaving the US Open awaiting its new champion.
In his fourth-round match against Spaniard Pablo Carreno Busta, the Serbian dropped his serve to fall 6-5 behind in the opening set of the match.
In response, Djokovic lashed a ball towards the back of the court, in the process hitting one of the line judges. A lengthy discussion with officials ensued, which ultimately saw Djokovic leave Flushing Meadows without speaking to the media.
"I checked on the linesperson and the tournament told me that thank God she is feeling ok. I‘m extremely sorry to have caused her such stress. So unintended. So wrong. I’m not disclosing...
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