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Jul 30, 2015

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

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

RT RT

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
TOP STORY
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.

cnbc.com

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


Gold

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

Silver

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

Platinum

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

Palladium

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

Gold/Silver Ratio

74.07

Federal Reserve Bank Of New York Org.:

Agency MBS Transaction Summary
Gross purchases from July 23 through July 29: $5,274 million
Sales (dollar rolls) from July 23 through July 29: $0 million
Net purchases from July 23 through July 29: $5,274 million

All amounts reflect current face
Purchases summarize all trades executed during the indicated period including purchases associated with dollar rolls.*
Transactions ($ million)
Maturity
Coupon
Settlement Month
FHLMC
FNMA
GNMA
GNMA2
30 Year
3 Aug 201 142 0 221
  3.5 Aug 849 1,176 0 1,072
  4 Aug 299 442 0 452
             
15 Year
2.5 Aug 52 74 0 0
  3 Aug 116 178 0 0
             
Total     1,517 2,012 0 1,745
*Does not include trades associated with small value exercises.
Purchases archive »
Sales archive »

Social Media Stocks and Their Unforgiving Investor: Bits | The Business of Technology - April 30, 2015:



Thursday, July 30, 2015


Daily Report
Social Media Stocks and Their Unforgiving Investors | Several social media stocks took a pummeling on Wednesday, with Yelp plunging 25 percent and Twitter dropping 15 percent after both companies issued quarterly earnings that disappointed investors in one way or another. On top of that, Facebook's shares fell slightly in after-hours trading after it posted financial results that included a surge in spending and a forecast of slowing revenue growth. Let's see if LinkedIn, which reports earnings on Thursday, also joins this not-so-fun party.
Few should be surprised by the stock reaction. Investors have demonstrated for many months that they are unforgiving of any stumble by technology companies that became alluring because they had portrayed themselves as high growth. See what happened last quarter with LinkedIn, Yelp and Twitter, which all plummeted more than 20 percent shortly after reporting results that surprised investors (and not in a good way). At the time, Vindu Goel and Mike Isaac wrote that "shareholders increasingly have little tolerance for the slightest misstep" by social-media companies - something that was once again made very clear this week.
Mark Zuckerberg, the chief executive of Facebook, called it a
Facebook Posts Solid Gains, a Feat Eluding Rivals | The social media company reported continued growth in users, with 1.49 billion people logging on at least once a month. 



More From The Times
The first group of Brown Scholars celebrated the end of the program at the home of late Helen Gurley Brown in Manhattan.
Helen Gurley Brown Scholars Redefine 'Cosmo Girl' | Brown Scholars, as they are called, have worked on computer languages in concert with projects at the natural history museum.
Isabelle Falque-Pierrotin of the French data protection authority.
Google Fights Effort to Apply 'Right to Be Forgotten' Ruling Worldwide | The search giant said it would not comply with French demands to apply a European data protection ruling to its global domains.
Yahoo's Livetext app combines traditional text messages with a silent video feed.
Yahoo Offers New Mobile Chat Service Featuring Silent Video | Last year, Yahoo all but gave up on updating its Messenger mobile apps. Now, the company is introducing a new, decidedly quirky messaging app with a surprising combination of features.
Samsung Electronics Cautious on Second Half of Year | The downbeat outlook comes as the smartphone market slows and ahead of the expected release of new iPhones from Apple.
Insight & Analysis
Lucretia Gantner and Patrick Guidry, off-duty officers for the New Orleans Police Department, on patrol as part of the privately funded French Quarter Task Force.
Who Runs the Streets of New Orleans? | How a rich entrepreneur persuaded the city to let him create his own high-tech police force.
Personal Technology
Video Feature: Putting the Soccer Pitch in the Palm of Your Hand | Whether you call it football or soccer, the sport is well represented in a host of apps that deliver scores, footage and more.
ADVERTISEMENT
Scuttlebot
IBM Watson Wants to Give You Health Advice From Your Local CVS | Mashable
IBM and CVS Health are bringing Watson's cognitive-computing capabilities to the drugstore giant's stores and walk-in clinics in an effort to improve care for people with chronic medical conditions like heart disease, diabetes and obesity. - Kelly Couturier

Alasdair Macleod: China's 1929 moment: GATA | THE GATA DISPATCH - July 30, 2015.

Alasdair Macleod: China's 1929 moment

Submitted by cpowell on Thursday, July 30, 2015.  Thursday, July 30 2015

China's stock market collapse may impede the inclusion of the renminbi in the International Monetary Fund's Special Drawing Rights and push the country toward an upward revaluation of gold, GoldMoney research director Alasdair Macleod writes today. His commentary is headlined "China's 1929 Moment" and it's posted at GoldMoney here:

https://www.goldmoney.com/research/analysis/chinas-1929-moment?gmrefcode...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc. CPowell@GATA.org

FTC Consumer Updates - July 30, 2015: Advance Password Tips and Tricks.

Federal Trade Commission Consumer Information
by Whitney Merrill

Legal Fellow, Division of Privacy and Identity Protection, FTC

Time to create another password? Make it a secure one. A little extra attention when you create a strong password can prevent an attacker from getting access to your account.
Read more >

SEC Litigation Release - July 30, 2015: ABS Manager, LLC and George Charles Cody Price

SEC Seal

U.S. SECURITIES AND EXCHANGE COMMISSION


Litigation Release No. 23313 / July 30, 2015


Securities and Exchange Commission v. ABS Manager, LLC and George Charles Cody Price, United States District Court for the Southern District of California, Case No. 13-cv-00319-GPC (BGS) (S.D. Cal.) (February 8, 2013)


SEC Has Obtained Final Judgments Against George Charles Cody Price and ABS Manager, LLC

European Markets at Close Report on July 30, 2015: Nokia, Rolls-Royce help provide a fillip for European stocks.

marketwatch.com

Nokia, Rolls-Royce help provide a fillip for European stocks

Carla Mozee, Victor Reklaitis
Stocks across Europe rose Thursday, helped by encouraging quarterly reports from companies like Nokia and Rolls-Royce.
Equities got a lift from “upbeat earnings,” but that was offset somewhat by factors such as another drop by Chinese stocks and a slight rise in German unemployment, said Jasper Lawler, an analyst at CMC Markets, in a note.
The Stoxx Europe 600 SXXP, +0.57% finished up 0.6% at 396.24. Among decliners, BT Group PLC BT.A, -1.17% BT, -1.23%  fell 1.2% after the telecom giant said first-quarter revenue was down 2%, missing expectations.

DealBook Today's Top Headlines - July 30, 2015: Steady as She Goes at Facebook | Deutsche Bank Triples Net Profit | On Track for a September Rate Rise | Puerto Rico's Next Big Test.

 
Thursday, July 30, 2015
TODAY'S TOP HEADLINES
 
By AMIE TSANG
STEADY AS SHE GOES AT FACEBOOK The social network beat Wall Street expectations in the second quarter, with revenue up 39 percent from a year ago to $4.04 billion,Vindu Goel reports in The New York Times. Net income was down to $719 million, or 25 cents a share, compared with $791 million, or 30 cents a share, a year ago.

NYT First Draft on Politics - July 30,2015: Polls Keep Bolstering a Trump Seemingly Impervious to Scrubbing.

7/30/2015 nytimes.com/firstdraft »
First Draft

Polls Keep Bolstering a Trump Seemingly Impervious to Scrubbing

Donald J. Trump greeting supporters at a campaign event in Laconia, N.H. Dominick Reuter/Reuters
7/30/2015
By Maggie Haberman
Good Thursday morning from Washington, where the Iran nuclear deal has resurrected a debate on oil. Senator Bernie Sanders of Vermont threw a nationwide house party, and Donald J. Trump’s status as a front-runner has prompted an increased scrutiny that feeds his combative nature, further fueling that status.
“I don’t blow up.”

U.S. Stock Market Future Indications - July 30, 2015: U.S. stock futures edge lower after GDP report.

marketwatch.com

U.S. stock futures edge lower after GDP report

Anora Mahmudova, Sara Sjolin
 
U.S. stock futures edged lower on Thursday after a government report showed the economy picked up pace in the second quarter, while weekly jobless claims remained near the lowest level in decades.
Futures for the Dow Jones Industrial Average YMU5, -0.32%  slipped 45 points, or 0.3%, to 17,639, while S&P 500 index futures ESU5, -0.39%  fell 6 points, or 0.3%, to 2,095. Nasdaq 100 index futures NQU5, -0.22%  fell 5 points, or 0.1%, to 4,560.

BEA News Release - July 30, 2015: In the first quarter, real GDP increased 0.6 percent (revised).


The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:

Real gross domestic product -- the value of the production of goods and services in the United States, adjusted for price changes -- increased at an annual rate of 2.3 percent in the second quarter of 2015, according to the "advance" estimate released by the Bureau of Economic Analysis.  In the first quarter, real GDP increased 0.6 percent (revised). 

The full text of the release on BEA's Web site can be found at www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

Asian Markets at Close Report on July 30, 2015: Chinese stocks end lower after wild swings.

marketwatch.com

Chinese stocks end lower after wild swings

Chao Deng 
 
Chinese shares finished lower Thursday, swinging wildly in the last hour of trading, and extending a pattern of intraday volatility that started with mid-June’s selloff.
The Shanghai Composite SHCOMP, -2.20% ended down 2.2% at 3705.77, after snapping a three-day losing streak on Wednesday. The index traded as high as 1.5% and as low as 2.7%, or within a 4.2% range. That compares with a range of 4.9% on Tuesday and 9.1% on Monday, when the index suffered its worst daily percentage decline in more than eight years.