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youngman442002

youngman442002
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  • Angola will produce 2M bbl/day of oil next year or in 2015, meeting a target it had planned to reach in 2013, the country’s oil minister says. Production this year has averaged 1.75M bbl/day while reserves are now ~12.78B barrels, which could rise as the country starts to explore pre-salt reserves in an area stretching 1,100 km. Among companies operating in Angola: BP, XOM, CVX, TOT[View news story]
    Thats a lot of oil for that small country....can we say corruption will be rampant
    Jul 10, 2013. 02:35 PM | Likes Like |Link to Comment
  • FOMC Minutes: Several on the committee saw tapering as likely and warranted soon, but many want to see further improvement in the labor market first. Several want to see faster economic growth in addition to improvement in employment. [View news story]
    Tapering no...never...but tampering..forever...
    Jul 10, 2013. 02:12 PM | 6 Likes Like |Link to Comment
  • A seven-story plant with just 312 non-union employees in the Ohio town of Leipsic is "probably the best, shining example of the direction" of U.S. Steel (X), says CEO John Surma. The facility makes high-margin, custom-designed products with low-cost, highly automated equipment. A major customer is the automotive industry, which is prepared to pay the premium for the more refined steel. The facility contrasts with other, more expensive and unionized U.S. Steel facilities that employ thousands, yield tiny margins and struggle to compete. [View news story]
    I think there is a moral to the story here....
    Jul 10, 2013. 09:29 AM | 1 Like Like |Link to Comment
  • Gold tumbles (GLD -2.2%) as the strong employment print at a minimum won't derail the momentum of the QE-taper. Silver (SLV -3.5%). [View news story]
    195,000 is not a strong payroll number...250,000 - 300,000 is a strong number...but headlines win....its better than what was expected...but its not enough to put people back to work...
    Jul 5, 2013. 08:56 AM | 5 Likes Like |Link to Comment
  • China could "announce full capital account convertibility of the renminbi" (CYB) in a few years, Guan Tao, an architect of China's exchange rate reform, said at a conference that took place earlier this year but has only just been reported. China hopes that the liberalization of the yuan will enable it to rival the dollar as a global currency. However, the IMF's Markus Rodlauer warned that while China's aims are "well placed," going too fast "risks accidents and crisis." China would be "served well by continuing its careful approach." [View news story]
    Their long term goal is to be the reserve currency.....that is a given
    Jul 4, 2013. 09:12 AM | Likes Like |Link to Comment
  • The Pentagon is planning its first missile test since 2008 on July 5. If successful, the launch will be the first interception in more than four years of a surrogate missile incoming toward the U.S. The test will use interceptors tipped with Raytheon (RTN +0.1%) "hit-to-kill" warheads which last successfully hit their target during a December 2008 exercise, and be operated by Boeing (BA +0.8%). [View news story]
    Hope it goes better than the Russian attempt.....now if i was the Bolivian Air Force I i would be a little nervous...
    Jul 3, 2013. 12:56 PM | Likes Like |Link to Comment
  • oil down..gas up..got to eat less beansI guess
    Jul 3, 2013. 12:54 PM | Likes Like |Link to Comment
  • Clivatuzumab "may offer an attractive alternative" for relapsed pancreatic cancer patients, a group for whom therapy options are limited, Immunomedics (IMMU -7.6%) says. The company calls results from a Phase 1b study "encouraging," and notes that "repeated cycles of yttrium-90 Clivatuzumab treatments extended survival when compared to a single cycle." (PR[View news story]
    nice name..did someone drop their hand on the keyboard to come up with that one???
    Jul 3, 2013. 09:41 AM | Likes Like |Link to Comment
  • Initial Jobless Claims: -5K to 343K vs. 345K consensus, 348K prior. Continuing claims -54K to 2.93M. [View news story]
    This new low as BBRO says...is a new high compared to President Bush....the new normal for Obama is bad is good.According to his buddies in the press...this needs to get down to the low 200´s to be good news...its not..and never will get there with Obamacare coming on....
    Jul 3, 2013. 09:04 AM | 2 Likes Like |Link to Comment
  • More on MBA mortgage applications: Refinancing apps dropped 16% last week to a 2-year low while new purchase apps fell 3%. The 30-year fixed mortgage rate climbed to 4.58%, the highest in 2 years, and up from 3.59% in May. Banks like Wells Fargo (WFC) - which rode to refi boom to massive profits - will no longer be doing so, but it could be priced in at this point. [View news story]
    Bernanke spoke way too soon..he can never quit QE...never now...we are hooked on the drug....
    Jul 3, 2013. 08:23 AM | Likes Like |Link to Comment
  • June ADP Jobs Report: +188K vs. +165K consensus, 135K prior. [View news story]
    Obama saw what was happening with employment in the smaller employers....and that is why he dropped his mandate for Obamacare..he can´t have mass layoffs before the midterms....Obamacare will destroy small business...or make them criminals..
    Jul 3, 2013. 08:20 AM | 1 Like Like |Link to Comment
  • A big rip in dollar/yen sends that pair above ¥100 for the first time since the start of June. The bounce in dollar/yen - which fell as low as ¥94 mid-month - comes alongside a big rebound in the Nikkei, up about 16% from the June low. FXY -0.6%, EWJ +0.9%, DXJ +1.4% premarket. [View news story]
    These FX markets are the new day traders......what a joke they have become....jumps like this cannot be real....and not good for business....
    Jul 2, 2013. 09:16 AM | Likes Like |Link to Comment
  • June ISM Manufacturing Index: 50.9 vs. 50.5 consensus and 49.0 prior. [View news story]
    just until 2099...
    Jul 1, 2013. 01:29 PM | Likes Like |Link to Comment
  • In addition to Morgan Stanley, Needham, Deutsche, and SocGen have now downgraded BlackBerry (BBRY +0.2%) in response to its FQ1 miss; the cuts follow Friday downgrades from Macquarie and Wells Fargo. Deutsche's Brian Modoff (Sell) argues heavy marketing spend "will create a heavy cash burn" unless sales pick up. Needham's Charlie Wolf (Underperform) frets about competition. "While [BBM] drove sales in the emerging markets ... the competitive landscape has become much more treacherous with alternative instant messaging services and low-priced Android devices flooding this market." Shares have bounced from their premarket lows. [View news story]
    here in Colombia they used to own it..now they are losing out to IPhone and Samsung....
    Jul 1, 2013. 11:06 AM | Likes Like |Link to Comment
  • The falling unemployment rate signals exactly what it suggests, says JPMorgan's Brandon Odenath - the labor market is improving, hastening the end of QE and ultra-low interest rates. The meme of a declining labor force participation rate leaving headline UE devoid of meaning is mistaken, claims Odenath. Falling participation is less to do with discouraged workers and pretty much everything to do with the secular trend of an aging population. Ignore this reality at your own risk, he warns fixed income investors (AGG, BND). [View news story]
    "Time for these wall street bankers to get away from their luxury offices and smell the real state of main street. "....
    They are much to good for that..they went to some swank college..they wil never get their hands dirty..they just read pretty little reports given to them and write their articles.....they do not care about the real world...just seeing their name in print is what they like...
    Jun 28, 2013. 08:44 AM | 2 Likes Like |Link to Comment
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