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Post by huh on Mar 8, 2017 7:50:02 GMT -5
10 things you need to know before the opening bell China posts a surprise trade deficit. Beijing reported a February trade deficit of $9.15 billion, well shy of the $25.75 billion surplus that economists had forecast. The numbers were most likely affected by the timing of the Lunar New Year. Japan's economy gets an upgrade. The Final GDP reading for the fourth quarter showed the Japanese economy grew at a 0.3% clip, ahead of the 0.2% that was previously recorded, according to data released by the Cabinet Office. Private business investment grew by 2% in the quarter, making for the fastest growth since the first quarter of 2014. The British pound is at a 7-week low before the release of the budget. Sterling trades down 0.4% at 1.2152 against the dollar as traders await the details of Chancellor Philip Hammond's first budget, which will cross the wires at 7:30 a.m. ET. An indicator of the health of the global economy grew at its fastest pace in 6 years. Data released by the International Air Transport Association showed that revenue passenger kilometers grew by 9.6% compared with a year earlier, making for the fastest growth since April 2011. Snap is in a bear market. Shares of the newly public social-media company plunged 10% on Tuesday, and they are now 27% below Friday's high print of $29.44 a share. Snap's opening trade was at $24 after pricing its initial public offering at $17 last Thursday. Mark Zuckerberg is finally getting a Harvard degree. Facebook's CEO will receive an honorary degree and speak at the 366th commencement on May 25. He dropped out of Harvard as a sophomore in 2004 to work on Facebook. Apple's new iPhone might not be called the iPhone 8. The 10th-anniversary phone may be called the iPhone Edition, according to a report from the Japanese-language Apple news site Macotakara. Stock markets around the world trade mixed. Japan's Nikkei (-0.5%) trailed in Asia, and Germany's DAX (+0.3%) leads in Europe. The S&P 500 is set to open down 0.2% near 2,364. Earnings reports trickle out. Ciena and Express report ahead of the opening bell. US economic data is light. ADP Employment Change is due out at 8:15 a.m. ET, and nonfarm productivity will cross the wires at 8:30 a.m. ET. The US 10-year yield is higher by 2 basis points at 2.54%. www.businessinsider.com/opening-bell2-march-8-2017-2017-3
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Post by huh on Mar 8, 2017 7:57:42 GMT -5
10 things in tech you need to know today 1. WikiLeaks published thousands of documents that it says come from the CIA's Center for Cyber Intelligence. The release appears to give an eye-opening look at the intimate details of the agency's cyberespionage effort. 2. Evan Spiegel just got an $800 million bonus for taking Snap public. The 26-year-old CEO has been officially awarded roughly 37 million additional company shares, according to a regulatory filing with the SEC. 3. Amazon has handed Alexa recording data over to police in an Arkansas murder case after the defendant gave his permission. The tech company had been fighting efforts from US police to obtain recordings that may have been made by an Amazon Echo speaker in the vicinity of the murder. 4. Hewlett Packard Enterprise is buying the flash-storage company Nimble Storage for $12.50 a share, or about $1 billion. The deal is expected to close in April. 5. Twitter's former head engineer is now helping Google cofounder Larry Page build self-flying cars. Alex Roetter, who left the company a year ago as part of Twitter's never ending talent exodus, is now working at Kitty Hawk, the secretive startup backed by Page. 6. Jack Ma, the billionaire founder of Alibaba — often referred to as the Amazon of China — has called on the Chinese government to issue harsher penalties to people selling counterfeit goods. He suggested putting them in jail for a week for every fake item they sell. 7. CEO Travis Kalanick is officially looking for someone to help him run Uber. He's specifically looking to hire a chief operating officer (COO). 8. Hyperloop One just unveiled its first full-scale test track in Nevada. The company said in a press release that the first public trial on the full-scale system will occur in the first half of 2017. 9. Mark Zuckerberg, one of the most famous college dropouts in the world, is finally getting his degree from Harvard. No, the 32-year-old billionaire Facebook CEO isn’t going back to class. Instead, he will be delivering the commencement address to the class of 2017, and that means he'll also be receiving an honorary degree. 10. GoPro's share price crashed to an all-time low. The camera company's stock crashed down 8% to around $8 a share, its lowest since it went public in June 2014, amid fears it has reached market saturation. www.businessinsider.com/10-things-in-tech-you-need-to-know-today-march-8-2017-3
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Post by huh on Mar 8, 2017 7:58:27 GMT -5
Frontrunning: March 8 GOP Disagrees on How—and Whether—to Pay for Tax Cuts (WSJ) 'It's like kumbaya:' Trump's genial private meetings with CEOs jar with public attacks (Reuters) New Health Plan Sparks Debate Over Obamacare Comparisons (WSJ) China Grants Preliminary Approval to 38 New Trump Trademarks (BBG) Questions About Loyalty to Trump Stall Treasury Picks (BBG) Women in U.S. plan to stay off the job, rally in anti-Trump protests (Reuters) CEOs Widen Income Gap Over Staff as Survey Shows 5.5% Pay Jump (BBG) Investors Who Missed Bitcoin Rally Go for Dash, Ether, Monero (BBG) Stocks Have Tripled Since Crisis, but Low Rates Are Still Squeezing Savers (WSJ) China Shuts Hershey-Lotte Plant in Latest Missile Spat Response (BBG) Swift Banking System Bars North Korean Banks (WSJ) New Adidas CEO Plans Fast-Fashion Focus to Catch Up to Nike (BBG) Brazil's worst-ever recession unexpectedly deepens in late 2016 (Reuters) Swirl of Government Corruption Unnerves Brazil (WSJ) SoftBank to Move 25% Stake in ARM to Saudi-Backed Fund (WSJ) Eight Fossil Fuel Giants Pollute as Much as the Whole U.S. (BBG) U.S., Russia Counter Erdogan in Syria as Kurds Get Shield (BBG) IS leader Baghdadi abandons Mosul fight to field commanders, U.S. and Iraqi sources say (Reuters) Iran Wields Growing Influence in Unexpected Places (BBG) Who’s to Blame for the Trucker Shortage? (WSJ) As North Korea missile threat grows, Japan lawmakers argue for first strike options (Reuters) www.zerohedge.com/news/2017-03-08/frontrunning-march-8
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Post by walnut on Mar 8, 2017 8:08:43 GMT -5
"Who’s to Blame for the Trucker Shortage? (WSJ)"
Obama started regulations that made it difficult for truckers to make money. Now there are not enough truckers. Who woulda thought.
We have trouble finding trucks now
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Post by theMist on Mar 8, 2017 8:22:19 GMT -5
Walnut - I just checked and realized how hefty IB's commissions are. Scottrade is $7 a trade and a small fee but nothing compared to IB. shorted 10k tvix at 4.23 earlier -- $52 commision?! lol image hosting
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Post by walnut on Mar 8, 2017 8:34:57 GMT -5
wow that is alot.
I've been noticing mine seemed high lately too. I wonder if they have been raising them this year.
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Post by theMist on Mar 8, 2017 8:37:20 GMT -5
For the way I trade, I'm looking at easily $200 a day in commissions - that's $4k a month roughly Scottrade is $7 a trade plus some small fees but the guys were throwing me a lot of free trades as well. Everytime I would call my buddy Pete at the local office, he would throw me 50 free trades. lol You know as well as I do that they're also making money off the spread.
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Post by walnut on Mar 8, 2017 8:41:14 GMT -5
Yeah I don't like that
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Post by walnut on Mar 8, 2017 9:05:31 GMT -5
"Who’s to Blame for the Trucker Shortage? (WSJ)" Obama started regulations that made it difficult for truckers to make money. Now there are not enough truckers. Who woulda thought. We have trouble finding trucks now Just got off the phone with a customer, no one can find any trucks. As slow as business is this spring, that is ridiculous. That is not what this slow economy needs, just makes it worse. Thank you federal government.
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Post by theMist on Mar 8, 2017 9:07:34 GMT -5
I'm going to have to step away in about 15 mins. Have exterminator coming over then.
When my doorbell rang yesterday before the close it was exterminator
Turns out that the 4 newly dug holes underneath my deck are rat holes. I hate those things and have trapped them before.
They've done a lot of construction in the area and that definitely disturbed some nests.
Long Island Expressway has a new welcome center and some new stores went up.
Suckers get uprooted and found a new home in my yard. lol
bbl
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Post by walnut on Mar 8, 2017 9:19:47 GMT -5
What do you have against rats?
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Post by huh on Mar 8, 2017 9:27:36 GMT -5
Somebody hit the buy button on banks this morning? XLF up >1% in premarket
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Post by huh on Mar 8, 2017 9:31:43 GMT -5
Although VIX futures and VIX scams look like more downside, the indices don't look all that bullish to me. Unless ES can break over the shoulder test line that is (upper red line, sits ~2373.50)
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Post by walnut on Mar 8, 2017 9:33:28 GMT -5
S&P doesn't look especially bullish, but the scams can drop in this environment
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Post by huh on Mar 8, 2017 9:36:21 GMT -5
I think IBB should see up to ~320 yet. Currently 296.38
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Post by clinton on Mar 8, 2017 9:38:39 GMT -5
I'm going to have to step away in about 15 mins. Have exterminator coming over then. When my doorbell rang yesterday before the close it was exterminator Turns out that the 4 newly dug holes underneath my deck are rat holes. I hate those things and have trapped them before. They've done a lot of construction in the area and that definitely disturbed some nests. Long Island Expressway has a new welcome center and some new stores went up. Suckers get uprooted and found a new home in my yard. lol bbl I hear something digging under my floor too last night. thats weird. Im going to set some trap
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Post by theMist on Mar 8, 2017 9:40:16 GMT -5
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Post by clinton on Mar 8, 2017 9:43:12 GMT -5
TopstepTrader TopstepTrader
Productivity growth slows in fourth quarter, records smallest annual gain since 2011
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Post by walnut on Mar 8, 2017 9:44:39 GMT -5
Sold some TVIX hedged with short June VXX puts (the thing I found yesterday)
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Post by theMist on Mar 8, 2017 9:45:40 GMT -5
VXX going to drop and retest yesterday's lod. IMO
Shorting more TVIX @ 4.14
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