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Jul 22, 2015

Wall Street at Close Report on July 22, 2015: Apple’s slide pulls down S&P 500; U.S. stocks close lower

marketwatch.com

Apple’s slide pulls down S&P 500; U.S. stocks close lower

Anora Mahmudova, Victor Reklaitis
 
A selloff in technology stocks following disappointing results from Apple Inc. and Microsoft Corp. as well as continued slide in oil prices pushed the broader U.S. markets into losses on Wednesday.
The tech-heavy Nasdaq Composite COMP, -0.70%  fell 36.35 points, or 0.7% to 5,165, as Apple, its heaviest-weighted stock, slid 4.2%.

Banamex USA Fined for Lack of Safeguards Against Money Laundering: DealBook P.M. Edition - July 22, 2015: Top Story:

 
  Wednesday, July 22, 2015
 
 
TOP STORY
A Citibank branch in San Francisco. Banamex USA is separate California unit of Citigroup.
Banamex USA Fined for Lack of Safeguards Against Money Laundering Federal and state regulators said the bank, a unit of Citigroup, did not have adequate controls to detect illicit financial transactions.

CMI Spot Prices as of Close of Trading in New York on July 22, 2015.

Spot Prices as of traditional New York closing times

Wednesday, July 22, 2015


Gold

Today Change Week Ago Month Ago Year Ago
$1,092.90 -$11.90 $1,148.80 $1,185.90 $1,304.95

Silver

Today Change Week Ago Month Ago Year Ago
$14.76 -$0.05 $15.08 $16.18 $21.03

Platinum

Today Change Week Ago Month Ago Year Ago
$982.20 -$1.60 $1,027.60 $1,062.20 $1,489.60

Palladium

Today Change Week Ago Month Ago Year Ago
$629.60 -$0.65 $644.90 $697.70 $878.00

Gold/Silver Ratio

74.05

Are you following the “leads”?: FTC Consumers Update - July 22, 2015.

Federal Trade Commission Consumer Information
Are you following the “leads”?
by Pablo Zylberglait

Attorney, Bureau of Consumer Protection, FTC
Ever complete an online application to get the best rate on a loan? Or enter your email address on a website to learn more about colleges you’d like to attend? Getting products and information this way can be convenient and very fast. But the information you share may go through the hands of middlemen you may not know exist.
These companies are called “lead generators.”
Read more >

Gerald Celente Trends In The News: "US Trapped In A Military Mindset" - (7/17/15)

Gerald Celente - Trends In The News - "US Trapped In A Military Mindset" - (7/17/15)

Gerald Celente

Published on Jul 21, 2015
"The merger/acquisition spree continues, Bill Clinton admits that signing the “three strikes” provision crime bill “made the problem worse” & police arrest a naked woman after illegally entering her home. You can’t make this stuff up!"

Original release: July 17, 2015.

FDIC Press Release - July 22, 2015: FDIC and CDBO Assess Civil Money Penalties Against Banamex USA, Century City, CA


 

Press Release

FDIC and CDBO Assess Civil Money Penalties Against Banamex USA, Century City, CA

FOR IMMEDIATE RELEASE
July 22, 2015
The Federal Deposit Insurance Corporation (FDIC) today announced the assessment of a civil money penalty of $140 million against Banamex USA, Century City, California, for violations of the Bank Secrecy Act (BSA) and anti-money laundering (AML) laws and regulations.

Apple's 'Amazing Quarter' Isn't Good Enough for Wall Street: Bits The Business of Technology - July 22, 2015.

Wednesday, July 22, 2015
Daily Report

Apple's 'Amazing Quarter' Isn't Good Enough for Wall Street | Apple's profit soared 38 percent and revenue rose 33 percent in its fiscal third quarter, as sales of iPhones continued to surge, Brian X. Chen reports.
"We had an amazing quarter, with iPhone revenue up 59 percent over last year, strong sales of Mac, all-time record revenue from services, driven by the App Store, and a great start for Apple Watch," Timothy D. Cook, Apple's chief executive, said in a statement, adding that excitement for Apple Music, its new streaming music service, was "incredible."

European Markets at Close Report on July 22, 2015: Tech, metals woes hammer European shares.

marketwatch.com

Tech, metals woes hammer European shares

Carla Mozee, Sara Sjolin
 
European stocks fell for a second session Wednesday, as sentiment across equity markets was soured by a round of disappointing corporate earnings and a continued rout in commodities.
The Stoxx Europe 600 SXXP, -0.59%  fell 0.6% to close at 400.28, led by more than 1.5% drops the technology and basic-materials sectors.

Seth Lipsky in The Wall Street Journal: Fifty years of debasing money: GATA | THE GATA DISPATCH - July 22, 2015.

Seth Lipsky in The Wall Street Journal: Fifty years of debasing money

Submitted by cpowell on  Wednesday, July 22, 2015. By Seth Lipsky
The Wall Street Journal
Wednesday, July 22, 2105

July 23 marks the 50th anniversary of the Coinage Act of 1965, which stripped U.S. coins of silver and made legal tender out of base metal slugs. It's an anniversary that comes at an apt time, as Congress considers monetary reform.

This discussion has been quietly taking place in recent months, in the Senate Banking and House Financial Services committees. Rep. Kevin Brady (.-Texas), vice chairman of the Joint Economic Committee, recently reintroduced a proposal for a Centennial Monetary Commission as the Federal Reserve starts its second century.

The anniversary of the 1965 Coinage Act is a reminder of why reform is needed. Speaking from the White House Rose Garden, President Lyndon B. Johnson called the law he signed a "very rare and historic occasion." It certainly was; it superseded the coinage act drafted by Alexander Hamilton and passed by Congress in 1792. ...

... For the remainder of the commentary:
http://www.wsj.com/articles/fifty-years-of-debasing-money-1437522237

It’s NOT the FTC calling about the OPM breach: FTC Scam Alerts - July 22, 2015.

Federal Trade Commission Consumer Information
It’s NOT the FTC calling about the OPM breach
by Lisa Weintraub Schifferle

Attorney, FTC, Division of Consumer and Business Education
If you’re an OPM data breach victim, you probably know to look out for identity theft. But what about imposter scams? In the latest twist, imposters are pretending to be the FTC offering money to OPM data breach victims.

Read more >

FDIC - Office of Inspector General Press Release Update - July 22, 2015.

  FDIC


July 22, 2015

FDIC Office of Inspector General Press Releases

The following press releases, issued by the U.S. Department of Justice, were recently posted to the Federal Deposit Insurance Corporation’s (FDIC) Office of Inspector General (OIG) Web site: www.fdicig.gov. Such press releases reflect actions resulting from the OIG’s partnerships with U.S. Attorneys’ Offices throughout the country and other OIGs and law enforcement entities.

U.S. Stock Market Future Indications Update - July 22, 2015: U.S. stocks set to open lower after Apple, Microsoft disappoint

marketwatch.com

U.S. stocks set to open lower after Apple, Microsoft disappoint

Victor Reklaitis, Anora Mahmudova
 
U.S. stocks on Wednesday looked set for a second slump in a row as stock futures pointed to a lower open after quarterly reports from Apple Inc. and Microsoft Corp. disappointed investors.
Apple and Microsoft’s stocks tumbled 7.1% and 3.4%, respectively, in premarket action. Apple’s AAPL, -1.00%  sales outlook for the current quarter missed expectations late Tuesday, while Microsoft MSFT, +0.77% posted its biggest quarterly loss ever on a write-down tied to its Nokia purchase.

Bloomberg Politics - July 22, 2015: Presidential candidates stash cash at a suburban Virginia bank.

The Brief

 

Presidential candidates stash cash at a suburban Virginia bank

It’s already responsible for more than $100 million destined for the race.
 

South Carolina’s governor: Trump’s attacks are ‘wrong’

Nikki Haley said the mogul’s “combative tone” has gone too far after he brought his feuds to her home state.

GATA | THE GATA DISPATCH - July 22, 2015: 2 Articles Bron Suchecki: What's the spin on the gold smash? | Gold's plunge sparks retail demand in China, India.

Bron Suchecki: What's the spin on the gold smash?

Submitted by cpowell on  Wednesday, July 22, 2015.   Wednesday, July 22, 2015

Perth Mint research director Bron Suchecki today summarizes what seem to him to be the most sensible comments about Monday's attack on the gold market. "The general view," Suchecki writes, "seems to be that it was a deliberate tactical move to push the price down, trigger stops, and try to get gold down to the technically important level of $1,080, but with the real objective of making money on another derivative position."

Suchecki's commentary is headlined "What's the Spin on the Gold Smash?" and it's posted at the Perth Mint's Internet site here:

Mark O'Byrne: Sunday night's brazen attack on gold starts to prompt questions: GATA | THE GATA DISPATCH DIGEST - Originally Published on July 21, 2015:

This digest includes 1 new article:

Mark O'Byrne: Sunday night's brazen attack on gold starts to prompt questions

Submitted by cpowell on 12:56PM ET Tuesday, July 21, 2015
3:55p ET Tuesday, July 21, 2015

GoldCore's Mark O'Byrne today notes that Monday's brazen bear raid on the gold price has prompted questions from a few usually oblivious sources. His commentary is headlined "Gold Hammered Down In Sunday Night's 2-Minute, $2.7 Billion 'Unprecedented Attack'" and it's posted at GoldCore here:

U.S. Stock Future Indications - July 22, 2015: CNBC Morning Squawk: Wall Street set for weak open on tech earnings.

CNBC | Your Wealth

› More Pre-Markets Data
IN THE NEWS TODAY


Big tech was dragging down U.S. stock futures this morning, with Dow components Apple (AAPL) and Microsoft (MFST) getting slammed after reporting earnings late Tuesday. (CNBC)
Apple tumbled in premarket trading, after issuing a softer revenue outlook, and earnings that beat but failed to excite investors. Revenue was also slightly above forecasts. (CNBC)

Microsoft shares slipped in the premarket, after posting a $3.2 billion loss when including restructuring charges. But the software giant did beat on adjusted earnings and revenue. (CNBC)

Dow components Boeing (BA) and Coca-Cola (KO) lead this morning's earnings, a day after IBM (IBM) and United Technologies (UTX) slammed the market. Dow stock American Express (AXP) is out after the bell this afternoon. (CNBC)

Bloomberg Markets - July 22, 2015: Apple earnings shake tech, commodities slide, and Greece

Bloomberg Markets


 
Apple's results jolt the technology world, it's another big day for Greece, and the temporary relief in the commodities world proved short-lived. Here are some of the things that people in markets are talking about this morning.

Apple rips through global tech shares

DealBook Today's Top Headlines - July 22, 2015: AT&T Gets Green Light |4 Arrests Said To Be Tied to JPMorgan Breach | CIT-OneWest Merger Approved | Losing Track of Shares.

 
 
Wednesday, July 22, 2015
TODAY'S TOP HEADLINES
 
By AMIE TSANG
AT&T GETS GREEN LIGHT AT&T is a step closer to becoming the largest television distributor in the United States. The Federal Communications Commission has given its proposed $48.5 billion takeover of the satellite company DirecTV conditional approval, Emily Steel reports in DealBook. The Justice Department has also said it would not challenge the acquisition.

On Crowded Stage, All Roles Now Seem to Be Cast: NYT First Draft on Politics - July 22, 2015.

7/22/2015 nytimes.com/firstdraft »
First Draft

 

Correction

Because of an editing error, the newsletter on Tuesday gave an incorrect day for a scheduled speech by Mr. Obama on veterans affairs. It was on Tuesday, not on Monday.

On Crowded Stage, All Roles Now Seem to Be Cast

Gov. John R. Kasich of Ohio announced his candidacy in Columbus on Tuesday. Aaron P. Bernstein/Reuters
7/22/2015
By Maggie Haberman
Good Wednesday morning from Washington, where President Obama continues to press for several favored deals, policies and initiatives. Gov. Scott Walker of Wisconsin is traveling to Tennessee, an important variable in his electoral math. But the newest name to be added to the contender list on Tuesday might have represented the final “big announcement” of the nominating race.
More than 20 candidates later, the field for the 2016 presidential race appears to be largely set.

U.S. stocks on Track to Open Lower as Drops by Apple, Microsoft Weigh: U.S. Stock Market Future Indications - July 22, 2015: U.S. stocks on track to open lower as drops by Apple, Microsoft weigh.

marketwatch.com

U.S. stocks on track to open lower as drops by Apple, Microsoft weigh

Victor Reklaitis
 
Wall Street looked set for a second slump in a row, with stock futures pointing to a lower open after quarterly reports from Apple Inc. and Microsoft Corp. disappointed investors.
Apple and Microsoft’s stocks tumbled 5.5% and 3.8%, respectively, in premarket action. Apple’s AAPL, -1.00%  sales outlook for the current quarter missed expectations late Tuesday, while Microsoft MSFT, +0.77% posted its biggest quarterly loss ever on a huge write-down tied to its Nokia purchase.

Asian stocks pull back after recent gains: Asian Markets at Close Report on July 22, 2015:

marketwatch.com

Asian stocks pull back after recent gains

Chao Deng
Asian stocks traded mostly lower Wednesday, pulling back after several consecutive sessions of gains, following disappointing earnings results from U.S. tech and industrial heavyweights.
Japan’s Nikkei Stock Average NIK, -1.19%  closed down 1.2% at 20,593.67 and Australia’s S&P ASX 200 XJO, -1.61%  declined 1.6% to 5,614.6, snapping six-day winning streaks for both. Hong Kong’s Hang Seng Index HSI, -0.99%  finished down 1% at 25,282.62.