Jul 31, 2015

CMI Spot Prices as of Close of Trading in New York on July 31, 2015.

CMI Gold & Sliver

Spot Prices as of traditional New York closing times

Friday, July 31, 2015


Today Change Week Ago Month Ago Year Ago
$1,096.70 +$6.50 $1,087.10 $1,171.70 $1,294.85


Today Change Week Ago Month Ago Year Ago
$14.78 +$0.06 $14.52 $15.58 $20.40


Today Change Week Ago Month Ago Year Ago
$987.90 -$4.20 $984.60 $1,085.80 $1,466.50


Today Change Week Ago Month Ago Year Ago
$614.95 -$7.10 $625.50 $700.85 $865.90

Gold/Silver Ratio


SEC Enforcement Actions - July 31, 2015: SEC Charges Man With Microcap Fraud Involving Shares of Cynk Technology Corp.

SEC Seal

The Securities and Exchange Commission today charged a Canadian citizen with conducting a scheme to conceal his control and ownership of a microcap company whose price quickly spiked last year.  The SEC suspended trading in the stock, Cynk Technology Corp., before the alleged schemer, Phillip Thomas Kueber, could profit on the gains from the stock’s rise to more than $21 from less than 10 cents per share.

DealBook P.M. Edition - July 31, 2015: Top Story: FedEx-TNT Express Deal to Be Investigated in Europe.

Friday, July 31, 2015
A FedEx center in Nashville. The company's $4.8 billion bid for a Dutch company is the  subject of several antitrust inquiries.
FedEx-TNT Express Deal to Be Investigated in Europe The European Commission said it had concerns that the $4.8 billion merger could decrease competition and lead to higher prices for consumers.

Wall Street at Close Report on July 31, 2015: Stocks Close Higher for July Amid Earnings, Global Growth Concerns.


Stocks close higher for July amid earnings, global growth concerns

Evelyn Cheng
U.S. stocks closed mildly lower on Friday, the final day of trade for July, as investors digested energy earnings misses and soft data that could push an initial rate hike further out.
Stocks were mixed to slightly lower in afternoon trade after earlier attempting to rally. The Nasdaq struggled to hold higher in afternoon trade as shares of major tech firms declined. The S&P 500 and Dow Jones industrial average traded lower as declines in energy stocks weighed.

European Markets at Close Report on July 31, 2015: Europe Ends Mostly Higher on Last Trading Day in July


Europe ends mostly higher on last trading day in July

Arjun Kharpal, Holly Ellyatt
European equities closed higher on Friday after a choppy end to trading in July, as investors eyed key earnings and data from the U.S., ongoing volatility in Chinese equities and slipping commodity prices.
The pan-European STOXX 600 provisionally closed flat, after moving between gains and losses throughout the day.
Britain's FTSE 100 ended around 0.5 percent higher in the afternoon, while the German DAX closed around 0.4 percent higher, while the French CAC was the main out-performer, finishing 0.7 percent higher.

FTC Scam Alerts - July 31, 2015: Too close to call

Federal Trade Commission Consumer Information
Too close to call
by Preston Reisig
Consumer Education Intern, FTC

Got a question about a product or an account from a big-name online retailer that makes you want to speak directly to their customer service representative? What do you do first? Go to their website, of course. Can’t find a phone number there? Then you may do what seems like the next best thing and just type the company name into a search engine.

U.S. Stock Market Future Indications Update - July 31, 2015: U.S. stock futures perk up after employment cost data


U.S. stock futures perk up after employment cost data

Anora Mahmudova, Victor Reklaitis
Earnings from energy giants Exxon Mobil and Chevron disappoint investors.
U.S. stock futures turned higher before the opening bell Friday after data showed a measure of labor costs decelerated sharply in the second quarter, suggesting the Federal Reserve could be patient with raising interest rates this year.

Compensation costs little changed at 0.2% Mar-Jun 2015 and 2.0% over the year: Bureau of Labor Statistics Employment Cost Index News Release- July 31, 2015.

Bureau of Labor Statistics
The latest Employment Cost Index news release has been posted on the BLS website at http://www.bls.gov/news.release/pdf/eci.pdf and also archived at http://www.bls.gov/news.release/archives/eci_07312015.pdf. Highlights are below.

Compensation costs little changed at 0.2% Mar-Jun 2015 and 2.0% over the year ending June

Compensation costs little changed at 0.2 percent for civilian workers, seasonally adjusted, from March to June 2015. Over the year, compensation rose 2.0 percent, wages and salaries up 2.1 percent, and benefits rose 1.8 percent.

Bloomberg Markets - July 31, 2015: Commodities Had a Terrible Month, China Stocks Had Worse.

Bloomberg Markets

Markets Morning 
Euro inflation unchanged, Commodities rout continues and China stocks worst monthly decline in six years. Here are some of the things that people in markets are talking about this morning.

Euro-area inflation

This morning's flash estimate of inflation from Eurostat, the European statistical agency showed euro-area inflation unchanged at 0.2 percent in July, in line with the median forecast of economists surveyed by Bloomberg. Core inflation unexpectedly rose to 1 percent, the highest rate in 15 months.

Commodities rout continues

Commodities extended their worst monthly fall since 2011, with the Bloomberg Commodity Index set for a 10 percent slump in July. The broad-based sell-off has seen oil drop with WTI down 19 percent and gold fall 7.5 percent during the month. Meanwhile the U.S. dollar spot index is 2.6 percent higher as expectations of Fed tightening increased.

China stocks

The Shanghai Composite Index dropped 1.1% in Friday trade to cap its worst monthly performance since August 2009. The index has fallen 14 percent, the biggest loss among 93 global benchmarks tracked by Bloomberg. The fall comes in spite of unprecedented government intervention in the Chinese equity market.

Japan inflation

Japanese inflation barely grew in June with consumer prices excluding fresh food rising 0.1 percent. Inflation in the Tokyo dropped bu 0.1 percent under the same measure. With the Bank of Japan still falling far short of its 2 percent target, Abenomics is starting to come under pressure. The median estimate of economists surveyed by Bloomberg is for a drop in GDP growth to 0.8 percent in the quarter ending June from the previous quarter's 3.9 percent.

Employment Cost Index

Bloomberg News executive editor for economics, Dan Moss highlights the release at 8:30 a.m. ET of the quarterly Employment Cost Index by the U.S. Bureau of Labor Statistics. The index, which is another way of tracking labor costs, has been accelerating in recent quarters. And it offers some hope that average hourly earnings will also rise. Morgan Stanley is looking for year-on-year growth of 2.6 percent.

Here's what you should read today

Facebook takes to the skies to give internet to everyone.
Beijing, not famed for its snow (or mountains) wins bid to host 2022 winter Olympics. 
The oil-market accepts that lower prices are here for years, rather than months.
The commodities rout is hurting hedge funds, as more closures are announced.
Kraft foods, in a cost-reducing exercise has stopped providing free snacks to its own employees. 
The Jeep hack has exposed the weakness in tech in modern cars.
Tsipras says Varoufakis has odd taste in shirts, but didn't wreck Greece's economy.

And finally, here’s what Joe’s excited about today

Even if the Greek situation ultimately resolves in a quiet manner, it seems indisputable that the eurozone still has big, slow-moving problems to contend with. Today we got fresh unemployment data out of the eurozone that underscores just how weak the economy is. The headline unemployment rate remains at an elevated 11.1 percent. At the extremes, you have German unemployment at 4.7 percent and Greek unemployment at 25.6 percent. The most worrisome number, however, probably came from Italy where unemployment jumped to 12.7 percent from 12.5 percent in the previous month. More ominously, Italian youth unemployment jumped to a record high above 44 percent. As Matt O'Brien at The Washington Post pointed out yesterday, Italy and Greece have both grown the same amount since 1999 at just 4.6 percent in total -- in other words, both countries have seen horrible stagnation. What's going on in Italy is a story that bears a lot of watching.

DeakBook Today's Top Headlines - July 31, 2015: Supreme Court Asked to Review Insider Trading Case | SoulCycle Goes Public | NBCUniversal Said to Be Near Buzzfeed and Vox Investment | Taxing Gordon Gekko.

Friday, July 31, 2015
SUPREME COURT ASKED TO REVIEW INSIDER TRADING CASE Preet Bharara, the United States attorney in Manhattan, will get one more chance to preserve his near-perfect record in insider trading prosecutions, Alexandra Stevenson and Matthew Goldstein report in DealBook. Mr. Bharara persuaded the Justice Department to ask the Supreme Court to review an appellate court ruling that narrowed the definition of insider trading and overturned the convictions of two hedge fund managers.

NYT First Draft on Politics - July 31, 2015: Clinton and Bush to Work a Shared Room on a Delicate Issue

7/31/2015 nytimes.com/firstdraft »
First Draft

Clinton and Bush to Work a Shared Room on a Delicate Issue

Hillary Rodham Clinton spoke at the New York University Stern School of Business last week. Michael Appleton for The New York Times
By Maggie Haberman
Good Friday morning from Washington, where the House has gone on summer vacation and the Senate left the nitty-gritty of a highway bill for September. But rivals from across the aisle will share a crowd and address race relations and the Black Lives Matter movement, issues that have stirred anger and presented challenges for the 2016 candidates.

U.S. Stock Market Future Indications - July 31, 2015: U.S. Stock Futures Wobble With Monthly Rises in Sight


U.S. stock futures wobble with monthly rises in sight

Victor Reklaitis
Earnings from energy giants ExxonMobil and Chevron could provide a spark for Friday’s trading.
U.S. stocks on Friday eyed gains for the past week and month, as stock futures pointed to a roughly flat open, though analysts warned about the potential for end-of-the-month choppiness as investors revamp their holdings.

Asian Markets at Close Report on July 31, 2015: China shares suffer worst month in nearly 6 years


China shares suffer worst month in nearly 6 years

Chao Deng
China’s shares suffered their worst month in nearly six years this July, after confidence in a government-led recovery wavered earlier this week, knocking shares lower.
Shaken conviction in Beijing’s support drove wild intraday swings this week in the Shanghai Composite Index SHCOMP, -1.13% which ended 1.1% lower at 3,663.73. The smaller Shenzhen Composite 399106, -0.82%  fell 0.8% to 2,110.62.

Jul 30, 2015

RT Keiser Report - July 28, 2015: Bigger Fannie-Freddie are back! (E789).

Keiser Report: Bigger Fannie-Freddie are back! (E789)


Published on Jul 28, 2015
In this episode of the Keiser Report Max Keiser and Stacy Herbert discuss the b-b-b-bad to the bone Fannie Mae and Freddie Mac, the two government owned facilitators of mortgage lending which are bigger and badder than ever. In the second half Max interviews Dr Youssef El-Gingihy about How to Dismantle the NHS in 10 Easy Steps.

Gerald Celente - Trends In The News - "Panic In The Markets, Panic In the Air" - (7/27/15).

Gerald Celente - Trends In The News - "Panic In The Markets, Panic In the Air" - (7/27/15)

Gerald Celente

DealBook P.M. Edition - July 30, 2015: Topm Story: U.S. Asks Supreme Court to Review Insider Trading Ruling.

Thursday, July 30, 2015
A Manhattan court overturned the insider trading case against Anthony Chiasson.
U.S. Asks Supreme Court to Review Insider Trading Ruling The Justice Department has asked the Supreme Court to review a court ruling that sharply narrowed the definition of insider trading. Donald B. Verrilli Jr., the solicitor general, filed a petition with the court to examine the ruling by a three-judge panel in a federal appellate court in December that overturned the convictions of two hedge fund managers, Anthony Chiasson and Todd Newman, and threatened to undermine a number of other convictions.

Statement from U.S. Commerce Secretary Penny Pritzker on the Advance Estimate of GDP in the Second Quarter of 2015: U.S. Department of Commerce Communications - July 30, 2015.

Press Release

The U.S. Commerce Department’s Bureau of Economic Analysis today released its first estimate of gross domestic product (GDP) growth for the second quarter of 2015. Real GDP increased 2.3 percent at an annual rate, an increase from a 0.6 percent annual growth rate in the previous quarter.
“Today’s advance estimate of real GDP growth demonstrates that our economy continues to improve,” said U.S. Secretary of Commerce Penny Pritzker. “Through our ‘Open for Business Agenda,’ the Department of Commerce is committed to creating the conditions for continued business and job growth by supporting advanced manufacturing, fostering innovation, increasing trade and investment, and equipping our workers with the skills and training needed to succeed in a competitive global economy.”

07/30/2015 02:05 PM EDT

Wall Street at Close Report on July 30, 2015: Nasdaq Outperforms Amid Earnings, Data.


Nasdaq outperforms amid earnings, data

Evelyn Cheng, Fred Imbert
U.S. stocks closed narrowly mixed on Thursday as investors digested more earnings and second-quarter GDP, a day after the Federal Reserve left interest rates unchanged.
"I think there's a lot of confusion really. The focus was trying to understand what's going on with economic growth and the Fed," said David Kelly, chief global strategist at JPMorgan Funds. "People aren't quite sure whether the data makes it more likely or less likely that they will tighten."
After the second-quarter gross domestic product report came in slightly below expectations, traders will watch Friday's employment cost index for another indicator on the labor market and inflation.

FRB Press Release - July 30, 2015: Federal Reserve System Appoints Faster Payments Strategy Leader

Press Release

Release Date: July 30, 2015

For immediate release

The Federal Reserve System on Thursday announced the appointment of Federal Reserve Bank of Chicago Senior Vice President Sean Rodriguez as its Faster Payments Strategy Leader. In this role, Rodriguez will lead activities to identify effective approaches for implementing a safe, ubiquitous, faster payments capability in the United States.

CMI Spot Prices as of Close of Trading in New York on July 30, 2015.

CMI Gold & Sliver

Spot Prices as of traditional New York closing times

Thursday, July 30, 2015


Today Change Week Ago Month Ago Year Ago
$1,090.20 -$4.70 $1,095.60 $1,173.30 $1,283.35


Today Change Week Ago Month Ago Year Ago
$14.72 -$0.06 $14.74 $15.58 $20.43


Today Change Week Ago Month Ago Year Ago
$992.10 +$4.80 $983.30 $1,085.00 $1,467.70


Today Change Week Ago Month Ago Year Ago
$622.00 +$5.30 $621.90 $673.65 $875.80

Gold/Silver Ratio


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