Friday, June 6, 2014
Today's European Issues on President's Mind-plus a Jim Kelly update
On the eve of the 70th anniversary of the liberation of Europe by the D-Day invasion,the President of the United States reflected on a number of controversies in Europe today,and also on the release of a US soldier,Army Sergeant Bowe Bergdahl,by Taliban militants in Afghanistan.We are at a point where Mr.Putin has a chance to get back in the lane of international law,said President Barack Obama at a Thursday press conference with British Prime Minister David Cameron in Brussels,Begium.If Mr.Putin takes those steps,it is possible for us to begin to rebuild trust.The fact that some Russian troops have withdrawn from the Ukrainian border does not mean we can afford three or four or six months of drift.
I have no doubt I'll be seeing President Putin at the D-Day observances.He and I have always had a businesslike relationship.I will be delivering the same message:Russia has a legitimate interest,but it's up to the people of Ukraine to make its own decision.The destabilising actions we now see,funded and encouraged by Russia,are unacceptable.If he continues undermining the sovereignty and integrity of Ukraine,we will have no choice but to impose more sanctions,Mr.Obama indicated.*
On the issue of Scotland possibly leaving the United Kingdom,he noted that,from the outside at least,it looks as if the UK-Scotland union has worked pretty well,but ultimately that is for the people of Scotland to decide.As to Britain possibly leaving the European Union,it's important for us to know that Great Britain has a seat at the table of the larger European project.It's hard for me to imagine that project would go well without Great Britain.I'm sure the people of Great Britain will make the right decision.*
I'm never surprised by controversies that are whipped up in Washington,the President continued.We had a prisoner of war whose health had deteriorated,and we had an opportunity and we seized it,and I make no apologies for that.This basic principle that we don't leave anybody behind dates back to the beginning of the Republic.As Commander in Chief,I am responsible for these kids.I write too many letters to folks who don't get to see their children again.We don't condition whether we make the effort to get someone back,the President explained.*
Jim Kelly update:A large crowd of Buffalo Bills great Jim Kelly's friends and former NFL colleagues gathered in the Buffalo suburb of Batavia,New York Tuesday for the 28th Jim Kelly Celebrity Classic,the annual charity golf tournament of the Kelly for Kids Foundation.Jim is still in a Buffalo hospital recovering from six weeks of chemotherapy and radiation treatments for his recurrent oral cancer that has spread into his sinus area.
Jim's pain has subsided,older brother Dan Kelly said,but he will still need 6-8 weeks more rest after about another week in hospital,before he can be tested to determine how successful his treatment has been.
This year's tournament should raise more than 250,000 dollars,according to Dan.The Foundation has donated more than five million to regional charities since its inception.
I have no doubt I'll be seeing President Putin at the D-Day observances.He and I have always had a businesslike relationship.I will be delivering the same message:Russia has a legitimate interest,but it's up to the people of Ukraine to make its own decision.The destabilising actions we now see,funded and encouraged by Russia,are unacceptable.If he continues undermining the sovereignty and integrity of Ukraine,we will have no choice but to impose more sanctions,Mr.Obama indicated.*
On the issue of Scotland possibly leaving the United Kingdom,he noted that,from the outside at least,it looks as if the UK-Scotland union has worked pretty well,but ultimately that is for the people of Scotland to decide.As to Britain possibly leaving the European Union,it's important for us to know that Great Britain has a seat at the table of the larger European project.It's hard for me to imagine that project would go well without Great Britain.I'm sure the people of Great Britain will make the right decision.*
I'm never surprised by controversies that are whipped up in Washington,the President continued.We had a prisoner of war whose health had deteriorated,and we had an opportunity and we seized it,and I make no apologies for that.This basic principle that we don't leave anybody behind dates back to the beginning of the Republic.As Commander in Chief,I am responsible for these kids.I write too many letters to folks who don't get to see their children again.We don't condition whether we make the effort to get someone back,the President explained.*
Jim Kelly update:A large crowd of Buffalo Bills great Jim Kelly's friends and former NFL colleagues gathered in the Buffalo suburb of Batavia,New York Tuesday for the 28th Jim Kelly Celebrity Classic,the annual charity golf tournament of the Kelly for Kids Foundation.Jim is still in a Buffalo hospital recovering from six weeks of chemotherapy and radiation treatments for his recurrent oral cancer that has spread into his sinus area.
Jim's pain has subsided,older brother Dan Kelly said,but he will still need 6-8 weeks more rest after about another week in hospital,before he can be tested to determine how successful his treatment has been.
This year's tournament should raise more than 250,000 dollars,according to Dan.The Foundation has donated more than five million to regional charities since its inception.
Tuesday, June 3, 2014
Tech and Oil Deals;Inflation Rising
I am looking for tech deals and oil deals,said CNBC host Jim Cramer.Oracle should buy Concur Solutions-it's such a great company,I can't believe it's still independent.Anadarko Petroleum's now a clear story.It's one of the great oil stocks that's been held back by litigation.
Hillshire Brands-this is Sara Lee.Sara Lee,congratulations."We break out Hillshire Brands and we see the hidden value in Hillshire." Now Pilgrim's Pride and Tyson Foods want to acquire Hillshire.
With Twitter,a lot of what's going on is,people realise the shares lockup has expired.If you can make Twitter into something that you don't have to tweet,but still use as your personal news service,then I am positive on Twitter.*
There's been significant buying of Interpublic Group,and people are saying it's by Elliot Management Group,points out Cramer's colleague David Faber;while Beats was bought by Apple for three billion.Apple seeks the most innovative products and services.They got Dr.Dre and Tommy Iovine in the Beats deal.It's a play for wearable tech.*
Fundamentally,inflation is picking up across the board,said John Brynjolfsson of Armored Wolf Investments.Wage inflation is picking up.
I don't think Fed policy has untimately changed the laws of physics.It doesn't make sense to have a zero percent Fed funds rate.It's not a logical equilibrium.I'm long bunds right now,short treasuries.I'm very uncomfortable with the size of the Fed's balance sheet.It can't get out of hand.That's why it's better to tighten sooner,rather than later.*
Apple(AAPL),Hillshire Brands(HSH),Anadarko Petroleum(APC)
Hillshire Brands-this is Sara Lee.Sara Lee,congratulations."We break out Hillshire Brands and we see the hidden value in Hillshire." Now Pilgrim's Pride and Tyson Foods want to acquire Hillshire.
With Twitter,a lot of what's going on is,people realise the shares lockup has expired.If you can make Twitter into something that you don't have to tweet,but still use as your personal news service,then I am positive on Twitter.*
There's been significant buying of Interpublic Group,and people are saying it's by Elliot Management Group,points out Cramer's colleague David Faber;while Beats was bought by Apple for three billion.Apple seeks the most innovative products and services.They got Dr.Dre and Tommy Iovine in the Beats deal.It's a play for wearable tech.*
Fundamentally,inflation is picking up across the board,said John Brynjolfsson of Armored Wolf Investments.Wage inflation is picking up.
I don't think Fed policy has untimately changed the laws of physics.It doesn't make sense to have a zero percent Fed funds rate.It's not a logical equilibrium.I'm long bunds right now,short treasuries.I'm very uncomfortable with the size of the Fed's balance sheet.It can't get out of hand.That's why it's better to tighten sooner,rather than later.*
Apple(AAPL),Hillshire Brands(HSH),Anadarko Petroleum(APC)
Monday, June 2, 2014
Monday Newsline:Good Data Encourages Asia;Matsuyama Wins
Several Asian markets were closed Monday for the Dragon Boat Festival,including China,Hong Kong and Taiwan.Of those that did open,the Nikkei rose strongly,up 2.07% on good reports.Japanese capex rose 7.4% in Q1,and the Nikkei saw its first monthly gain in five months in May.*
The China PMI indicated that factory activity increased by the most in five months,although home prices were down slightly on the month.Asian markets were also impressed by the record high achieved by the S&P 500 Index last week.The ASX 200 rose 0.47% and the KOSPI was up 0.35%.Indian stocks also gained,rising 1.0%.
Gross operating profits rose 3.0% on the quarter in Australia,helping the stock market there.
Overall,a positive economic climate is encouraging equity investors worldwide.*
In sport,the young Japanese golfer Hideki Matsuyama,22,sent cheer to his nation as he defeated American Kevin Na in a playoff at The Memorial Tournament in Dublin,Ohio.It was his first victory on US soil,and the first ever win by a Japanese golfer at the prestigious PGA event.
Australian Will Power won the first of two Indycar races comprising the Chevrolet Belle Isle Detroit Grand Prix on Saturday,and came in second in the Sunday race,maintaining his lead in the overall Indycar Series standings.Helio Castroneves of Brazil won Sunday's race.Both drivers are members of Team Penske.
The China PMI indicated that factory activity increased by the most in five months,although home prices were down slightly on the month.Asian markets were also impressed by the record high achieved by the S&P 500 Index last week.The ASX 200 rose 0.47% and the KOSPI was up 0.35%.Indian stocks also gained,rising 1.0%.
Gross operating profits rose 3.0% on the quarter in Australia,helping the stock market there.
Overall,a positive economic climate is encouraging equity investors worldwide.*
In sport,the young Japanese golfer Hideki Matsuyama,22,sent cheer to his nation as he defeated American Kevin Na in a playoff at The Memorial Tournament in Dublin,Ohio.It was his first victory on US soil,and the first ever win by a Japanese golfer at the prestigious PGA event.
Australian Will Power won the first of two Indycar races comprising the Chevrolet Belle Isle Detroit Grand Prix on Saturday,and came in second in the Sunday race,maintaining his lead in the overall Indycar Series standings.Helio Castroneves of Brazil won Sunday's race.Both drivers are members of Team Penske.
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