What the fuck is wrong with Kim Jong Un? Doesn’t he know the second he gives away his nukes is the second US Blackhawk helicopters fly into his capitol city to take him out? Apparently, he’s willing to negotiate the destruction of his nukes, only after both S. Korea and America give him some shit. I’m guessing this is more 3-d chess by the N. Korean leader.
“It is our consistent stand to be committed to denuclearisation on the peninsula, in accordance with the will of late President Kim Il Sung and late General Secretary Kim Jong Il,” Kim Jong Un said, according to Xinhua.
North Korea is willing to talk with the United States and hold a summit between the two countries, he said.
“The issue of denuclearisation of the Korean Peninsula can be resolved, if South Korea and the United States respond to our efforts with goodwill, create an atmosphere of peace and stability while taking progressive and synchronous measures for the realization of peace,” Kim said.
In other news, our President reportedly “hates” Amazon; but I’m sure you’ll think that’s more fake news.
Via Axios:
Capitol Hill wants Facebook’s blood, but President Trump isn’t interested. Instead, the tech behemoth Trump wants to go after is Amazon, according to five sources who’ve discussed it with him. “He’s obsessed with Amazon,” a source said. “Obsessed.”
What we’re hearing: Trump has talked about changing Amazon’s tax treatment because he’s worried about mom-and-pop retailers being put out of business.
A source who’s spoken to POTUS: “He’s wondered aloud if there may be any way to go after Amazon with antitrust or competition law.”
Trump’s deep-seated antipathy toward Amazon surfaces when discussing tax policy and antitrust cases. The president would love to clip CEO Jeff Bezos’ wings. But he doesn’t have a plan to make that happen.
Behind the president’s thinking: Trump’s wealthy friends tell him Amazon is destroying their businesses. His real estate buddies tell him — and he agrees — that Amazon is killing shopping malls and brick-and-mortar retailers.
Trump tells people Amazon has gotten a free ride from taxpayers and cushy treatment from the U.S. Postal Service.
“The whole post office thing, that’s very much a perception he has,” another source said. “It’s been explained to him in multiple meetings that his perception is inaccurate and that the post office actually makes a ton of money from Amazon.”Axios’ Ina Fried notes: The Postal Service actually added delivery on Sunday in some cities because Amazon made it worthwhile.
Trump also pays close attention to the Amazon founder’s ownership of The Washington Post, which the president views as Bezos’ political weapon.
Very nice. I’m so glad I voted for him.
Dow futures are +100 and the Nasdaq is flat. You could tell the market is gonna tank. It just has that tankish feel to it. Both gold and WTI are off by 0.7%.
Here are some other headlines.
Gapping up
In reaction to strong earnings/guidance:
- LULU +6.7%, BB +4.8%, QIWI +4.7%, WBA +3.1%
M&A news:
- RSPP +19.1% (Concho Resources (CXO) will acquire RSPP in an all-stock transaction valued at approximately $9.5 billion, inclusive of RSP’s net debt; representing consideration to each RSP shareholder of $50.24/share)
- SHPG +17.9% (Takeda (TKPYY) says it is considering making an approach to Shire regarding a possible offer for the company)
Other news:
- ANW +21.3% (announces expiration of share purchase agreement)
- DXCM +4.3% (FDA has granted a De Novo request for the Dexcom G6 CGM System, the newest generation of CGM for people with diabetes ages 2 and up)
- ASMB +2.6% (announces acceptance of ABI-H0731 Phase 1b interim data as a late-breaker poster at The International Liver Congress)
- FB +1.8% (details initiative to ‘put people more in control of their privacy’)
- LAND +1.1% (prices 1.1 mln shares of common stock at a price to the public of $12.15 per share)
Analyst comments:
- CGG +5.8% (upgraded to Buy from Sell at Goldman)
- TNDM +5.1% (upgraded to Outperform from Market Perform at Cowen)
- UN +2.8% (upgraded to Buy from Neutral at UBS)
- ELVT +1% (initiated with a Buy at UBS)
- VZ +1% (upgraded to Buy from Hold at HSBC Securities)
- T +0.6% (upgraded to Buy from Hold at HSBC Securities)
Gapping down
In reaction to disappointing earnings/guidance:
- TEUM -9.1%, SCVL -8.3%, SONC -4.7%, SPLK -0.8%
Other news:
- EDGE -85.8% (announces that the Phase 3 NEWTON 2 study of EG-1962 in aneurysmal subarachnoid hemorrhage is unlikely to achieve its primary efficacy endpoint)
- APRI -35.8% (commenced a public offering of shares of common stock and warrants to purchase shares of common stock)
- NSPR -27.9% (priced offering of ~2.856 mln of its common stock at $1.75/share)
- NVTA -14.6% (priced public offering of 11.11 mln shares of its common stock at a price to the public of $4.50/share)
- MGNX -8.3% (prices 4.5 mln common stock offering at $21.25/share)
- GERN -7% (continued weakness after yesterday’s 14% decline)
- ATOS -5.1% (files mixed securities shelf offering)
- GCAP -3.9% (responds to European Securities and Markets Authority statement; does not expect the new regulations to have a material adverse effect on its overall financial results)
- PTCT -2.7% (commences a public offering of 4,000,000 shares of its common stock)
- D -2% (prices offering of 20 mln shares of its common stock at a price per share of $67.85 in connection with the forward sale agreements )
- TSLA -1.7% (Moody’s downgrades Tesla’s corporate family rating to B3, senior notes to Caa1; Outlook is negative)
- GIS -0.9% (priced 22,727,273 share common stock offering at $44/share)
- INPX -0.8% (files for $200 mln mixed securities shelf offering )
Analyst comments:
- SYF -1.1% (initiated with a Sell at UBS )
Make Retail Great Again!
Absolutely. Who would give up their nukes in light of what we did to Qaddafi, and to Hussein, and what we’ve been doing to Iran, and what we’re talking about doing to Iran?
How can anyone deal with a country who’s word means nothing? The neocon disease which has destroyed our credibility will take decades to heal. Hopefully Trump’s appointment of the most visibly repulsive neocon personalities will mark the peak of their power.
Phat boi just got back from Beijing where he was sat down and compelled to read Confucius and Sun Tzu. He aint giving up anything. The chineez communists bitch slapped Kim and realigned his strategy…play for time and let filthy cabalists in Israel start www3 (by executing another false flag, of course) and let amerikan goyim die for greater jewish lebensraum in ME.
“The chineez communists bitch slapped Kim and realigned his strategy…play for time”
Agree, that is likely what happened.
Dammit! My plan was to take profits from my tech longs and short AMZN this week.
key sentecne: “Trump’s wealthy friends tell him Amazon is destroying their
businesses”
How many times have I written Trump only wants what is best for Trump?
Make America 1950 Again!
Fb got clipped,why not amazon?
Potus must hate Bezos
Cash … for now ( for me)
Crash it.
Amidst all the carnage, GEVO is up from 2 weeks ago.
Bought some SPY puts this morning as a hedge. This feels like the calm before the storm.
In a up market, trust the Bulls when they say “sell.”. In a crash, trust the Bears when they say “Buy”.
Buy
Amazon is a pos company that would never make any profit and would not get this big had it not been for the billions funneled to it by the deep state (NSA, CIA, etc.). It’s part of the surveillance monolith. I could be wrong but is not the only profitable part of Amazon their cloud service, AWS or whatever they call it? That’s the part that is subsidizing the rest of Amazon. Bezos is in bed with the anti-amerikan, marxist deep state.
You’re a fucking idiot.
If it was Showtime, would RH be posting blowout numbers? Buy buy buy
I am now leveraged long in my trading account (with hedges), but on Restoration Hardware I’ll note:
“Sales rose 14% to $670.3 million… Analysts polled by FactSet had expected adjusted earnings of $1.56 a share on sales of $672 million. ”
So they actually missed on the top-line, although net income was impressive.
Also, I have no comment on the valuation, but a luxury home goods store is the last thing I’d want to own while the 401k’s of upper-middle class investors are going down.
Just to clarify I didn’t mean to suggest that anyone buy RH but rather the market in general – but I can see in hindsight that that’s a rational interpretation of my words. My apologies! That said, someone feels good about buying RH today given that it’s up 20% when I last checked.
lol MAXED long spy and hi beta AND Sarcrilege has taken over blog duties here. CHEERS BLOGFATHER.
Kim & the Oranged Orangutang will become fast friends and the Oranged One will appoint Dennis Rodman as ambassador to N Korea