Water boy for John Podesta, John Harwood, tossed his fellow NYT columnist, Maureen Dowd, under the bus in private discussions with Podesta, saying her ‘columns were out of control for a long time’ and how she was merely following House GOPs talking points in her very vocal opposition to the Clintons. He furthered his acrimonious portrayal of his fellow employee by saying the article in question was ’embarrassingly terrible.’
This should make for an awkward office exchange, whenever Harwood bumps into Maureen at the water cooler.
Let’s hear the out of control Dowd and her thoughts about the candidates.
The root of all fuckery is bound in the confusion of emotions — the middle ground between jubilation and grim malice. Ergo, when it comes to Presidential elections, the entire country undergoes a non-violent civil war with propaganda being the primary weapon. The winner of this election is merely the net result of the superior propaganda. The whole notion that republicans are doomed in the long term because minorities will never vote for them is the biggest defeatist crock of shit I’ve ever heard. While it’s true, the democrats have done a great job at manipulating minorities and have used their votes in vain, there isn’t a reason why the GOP can’t widen its tent.
Unfortunately, you and I both know divisiveness is here to stay. The foundation of American society has forever been cracked — mostly thanks to failed governmental policies and dreadful decisions which has led us down a path of horrible existence. America isn’t great and hasn’t been great in decades. Anyone who says otherwise is merely full of shit, or grew up in Anglican boarding schools — prior to receiving their degrees from America’s best Ivy league’s.
Markets have already priced in a Clinton win. Should Trump upset the apple cart, expect this entire 500 point rally to be sharply revoked and more.
Historically, markets don’t do much the day after elections, sans the Obama win — which resulted in a near crash.
On this election day, apparently, I’ve decided to debunk a fake Hillary falling down a flight of stairs story, making fun of Billionaire Ackman’s arduous investment career, and toss Jim Cramer into a flaming barrel of garbage.
Here is Cramer this morning talking about how ‘frightening’ the Sysco conference call was, as it pertains to the restaurant industry.
But that’s simply untrue. The truth is, the restaurant business has been shitty for over a year now. Here is a cursory screen of the top 31 restaurant stocks in Exodus. Notice how weak the median revenue growth is and how the share prices have done virtually nothing.
And here is the only reference to a weak restaurant economy that I could find in the entire fucking call. I am 100% certain Cramer didn’t listen to the call and was merely given cliff notes by some idiot underling.
The company merely cited an ‘ebb’ in their restaurant business and said everything else looked great. They didn’t sound all that concerned. Thoughts?
It’s all over. You might as well stay at home and droll about the kitchen counter top eating cheesed doodles. As far as Wall Street is concerned, this election is over.
The Dow is ripping higher again, up nearly 500 points over the past two days. Copper is up nearly 3%, most likely due to China being safe from trade renegotiations under Clinton.
Lastly, the peso is fucking soaring and ripping gringo heads off — based upon the specter of more of the same awesomeness.
The internet is abuzz again with stories of sick Hillary collapsing at her Springsteen hosted rally last night. According to ‘sources’ on Twitter, the secret service corralled the media and took cell phones to make sure pictures weren’t taken. Then these same sources grabbed a screen shot of some random account, which documented the incident.
So I reached out to this lad and asked him what happened to his tweet. He was very eager to be a part of a conspiracy theory and fake story, but sadly had to inform me that he was in Vancouver last night and didn’t post that tweet.
Fuckery is in the air.
@The_Real_Fly it’s fake. Pretty sure someone noticed me posting a ton. No clue where that tweet is from. Like I said I’ve been in Wa State.
You know the retail environment is bad when CVS and WBA are struggling to meet expectations. For more than a decade, these corporate pharmacies have siphoned inordinate amounts of funds from American households — thanks to consolidation and also our addiction to drugs. But something is changing in the landscape and I’m damned sure it’s all Obamacare related.
The scourge that is Obamacare is breaking the backs of blue collared Americans. But more than that, the devils at our pharmaceutical corporations are out of control with their pricing. These morons have priced out their customers. As a result, they’ve made enemies with the media, the people and certain politicians.
Reports Q3 (Sep) earnings of $1.64 per share, $0.07 better than the Capital IQ Consensus of $1.57; revenues rose 15.5% year/year to $44.62 bln vs the $45.29 bln Capital IQ Consensus.
Co issues downside guidance for Q4, sees EPS of $1.64-1.70 vs. $1.79 Capital IQ Consensus Estimate.
Co issues downside guidance for FY16, sees EPS of $5.75-5.83 vs. $5.85 Capital IQ Consensus Estimate. The Company raised cash flow guidance for 2016 and now expects to deliver cash flow from operations of $9.3 billion to $9.5 billion and 2016 free cash flow of $6.8 billion to $7.0 billion.
Co issues downside guidance for FY17, sees EPS of $5.77-5.93 vs. $6.53 Capital IQ Consensus Estimate.
Included in this outlook is the impact from the projected loss of more than 40 million retail prescriptions related to marketplace changes, including new retail pharmacy networks that are excluding CVS Pharmacy drugstores.
Co’s board of directors approved a new share repurchase program for up to $15 billion of the Company’s outstanding common stock. Combined with the approximately $3.7 billion that remains from the 2014 program, the Company has approximately $18.7 billion available for share repurchases.
“We posted a solid third quarter with the PBM exceeding our expectations and retail performing at the lower end of our expectations. However, very recent pharmacy network changes in the marketplace are expected to cause some retail prescriptions to begin migrating out of our pharmacies this quarter. In addition, we are currently experiencing slowing prescription growth in the overall market as well as a soft seasonal business. These factors combined are leading us to reduce the mid-point of our guidance for this year by five cents per share. The network changes have more significant implications for our 2017 outlook. While we expect a healthy increase in PBM operating profit growth in 2017, we expect a decrease in retail operating profit growth.”
Happy Election Day Bill Ackman and Pershing Square. Valeant Pharma just warmed and its shares are punching through the floor boards lower.
The company just lowered eps by over a dollar to $5.30, which places the forward PE in the ballpark of the low single digits. It’s clown worthy cheap, yet no one cares. Why?
Reports Q3 (Sep) earnings of $1.55 per share, excluding non-recurring items, $0.21 worse than the Capital IQ Consensus of $1.76; revenues fell 11.0% year/year to $2.48 bln vs the $2.51 bln Capital IQ Consensus.
“This past quarter, we made further progress toward establishing the new Valeant,” said Joseph C. Papa, Chairman and Chief Executive Officer. “We have, where appropriate, begun to centralize some parts of the business, and hired two key senior executives: Paul Herendeen, Chief Financial Officer, and Dr. Louis Yu, Chief Quality Officer. We also have started to present our financial results under three operating and reportable segments, which we believe will help clarify areas of strength and provide additional transparency. While we have revised our expectations for the remainder of 2016, I continue to be encouraged by the commitment of our employees who work each day toward meeting our mission of helping improve people’s lives through our healthcare products.”
Adjusted EBITDA (non-GAAP) for the third quarter of 2016 came in at $1.16 billion, an improvement over second quarter results of $1.09 billion and first quarter results of $1.01 billion.
GAAP Cash flow from operations was $570 million in the third quarter of 2016 as compared to $733 million in the third quarter of 2015. On a sequential basis, GAAP Cash flow from operations was $557 million in the first quarter of 2016, $448 million in the second quarter and $570 million in the third quarter.
Co lowers guidance for FY16, sees EPS of $5.30-5.50 (Prior $6.60-7.00) vs. $6.49 Capital IQ Consensus Estimate; sees FY16 revs of $9.55-9.65 bln (Prior $9.9-10.1 bln) vs. $9.93 bln Capital IQ Consensus Estimate, sees Adj-EBITDA of $4.25-4.35 bln (Prior $4.8-4.95 bln)
UPDATE: Things have gone from bad to worse. Shares are down nearly 30% now.
This is it folks. I hope 75% of you enjoyed my Presidential blogging. Admittedly, I became obsessed and dispatched my newest blogger, ZeroPointNow to redpill you fuckers. Many of you were asleep, but you’re now awake. Some of you prefer to be Cypher, eating the roasted beef, famous in Australia. I do not hate any of you for wanting to be a globalist scum of the earth devil. I only endeavor to uproot you and run you over with the treads of my truth tank.
The end of the elections means that yours truly will be getting back to the monotonous business of finance blogging. However, I will continue to drop truth bombs and expose corruption, whenever I see fit.
Thus far, this is easily the most bullish poll for Trump — coming in at 80%. Typically, my finance heavy following has favored Trump from 65% to 72% — with the low end coming in after the Trump pussy grabbing fiasco.
This is the first poll I’ve done since the FBI revelations and the swath of information released by Wikileaks — which has gotten progressively worse over the past two weeks.
There’s no way to spin these numbers, other than conceding to the uncomfortable truth that the global economy is in serious trouble of heading into a very serious recession. In spite of China manipulating its currency lower by 9% over the past year, exports are still plunging — down by a staggering 7.3% for October alone.
The yuan has been on a non-stop run lower, hitting 6 year lows v the dollar.
Analysts now believe China is permitting its currency to accelerate to the downside, in order to stave off a quickening in the reduction of currency reserves. The fact that onerous restrictions are applied to the citizens of China, with regards to the amount of money permitted to leave the country, coupled with the fact that the pressures in the yuan and SHIBOR still persist, one has to surmise that something is dreadfully wrong with the current state of the Chinese economy.
Looking at the numbers, one can easily see that China’s 6.5% GDP goals are only being met by reckless lending and government financed infrastructure projects. Both pressures on wages and a weak N. American and European marketplace have left the great dog eating nation of China with nowhere to send their wares. In spite of all that, they still clock in a $49b trade surplus, indicative of a country taking advantage of consumer based economies — the equivalent of transferring wealth from the indebted west to the newly rich east.
Overseas shipments dropped 7.3 percent from a year earlier in October in dollar terms
Imports slipped 1.4 percent Trade surplus widened to $49.1 billion
A depreciation of about 9 percent in the yuan since August 2015 has cushioned the blow from tepid global demand, but failed to give shipments a sustained boost. Rising input costs and surging wages have flattened exporter profit margins to the point where many can no longer discount and may raise prices, according to interviews at the Canton Fair last month. With global demand tepid, policy makers are relying on infrastructure investment and a property led pick up in local demand to reach their expansion goal of at least 6.5 percent this year.
“External demand remains sluggish across the board,” said Julia Wang, an economist at HSBC Holdings Plc in Hong Kong. “On the import side, commodities demand is still holding up well, suggesting that domestic infrastructure investment likely remains strong.” “Trade’s contribution to China’s economy is now diminishing as the economy increasingly depends on domestic demand,” said Zhu Qibing, chief macro economy analyst at BOCI International (China) Ltd. in Beijing.
“External demand hasn’t rebounded, so trade figures are weak,” said Iris Pang, senior economist for Greater China at Natixis SA in Hong Kong. “The upcoming U.S. election is also posing uncertainty to China. If Trump wins, trade will be severely affected, not only for China, but also globally.”
The Details Exports to U.S. slipped 5.6 percent in October and fell 8.7 percent to EU. Imports from U.S. fell 6.9 percent
Exports slipped less when measured in yuan as depreciation cushioned impact of tepid global demand
Crude imports fell from a record
Coal imports fell for a second month
What this means for stocks is the DEATH OF THE MALL trade is alive and well, ahead of the holiday shopping season. China will continue to rig their GDP through debt fueled projects, which is entirely unsustainable. And, the U.S. will be pressured to provide succor for an otherwise rich Chinese nation — dealing with a very poor and ill treated slave factory system, utilized by a globalist cabal of blood sucking devils.
Eventually, their currency reserves collapse and the yuan with it. That will be the next panic.
