Translate

Search This Blog

Search Tool




Aug 14, 2015

DealBook P.M. Edition - August 14, 2015: Top Story: Eurozone Finance Ministers Approve Greek Bailout

 Friday, August 14, 2015
 
TOP STORY
Eurozone Finance Ministers Approve Greek Bailout Overcoming months of bitterness, the group backed a deal that grants Greece as much as $95 billion over the next three years.

Wall Street at Close Report on August 14, 2015: U.S. Stocks Close Higher, Secure Gain in Volatile Week.

marketwatch.com

U.S. stocks close higher, secure gain in volatile week

Wallace Witkowski, Mark DeCambre
Bloomberg
U.S. stocks closed higher Friday after a choppy start, preserving slim gains over a tumultuous week marked by thin summertime volumes, turmoil abroad, and hand-wringing over the timing of the Federal Reserve’s plans to raise interest rates.
Friday’s string of upbeat economic reports paint the U.S. economy in a strong, albeit not spectacular, light, which has left some investors struggling to determine the direction for stocks.

CMI Spot Prices as of Close of Trading in New York on August 14, 2015.

Spot Prices as of traditional New York closing times

Friday, August 14, 2015


Gold

Today Change Week Ago Month Ago Year Ago
$1,114.10 -$3.10 $1,095.70 $1,155.10 $1,306.85

Silver

Today Change Week Ago Month Ago Year Ago
$15.24 -$0.19 $14.86 $15.36 $19.54

Platinum

Today Change Week Ago Month Ago Year Ago
$996.40 -$0.80 $964.20 $1,032.50 $1,459.50

Palladium

Today Change Week Ago Month Ago Year Ago
$619.00 +$1.50 $601.00 $658.70 $896.90

Gold/Silver Ratio

73.11

FTC Consumer Updates - August 14, 2015: Want privacy? Tell us about it!

Federal Trade Commission Consumer Information
by Lisa Weintraub Schifferle

Attorney, Division of Consumer and Business Education, FTC
Did a company share your personal information without your knowledge or consent? The FTC wants to know. And we’ve made it easier for you to report privacy-related complaints.
Read more >

FinCEN Admin Ruling re: Issuing Physical or Digital Negotiable Certificates of Ownership of Precious Metals: Financial Crimes Enforcement Network Press Release - August 14, 2015.

FinCEN has made this Administrative Ruling available on its Web Site: Application of FinCEN’s Regulations to Persons Issuing Physical or Digital Negotiable Certificates of Ownership of Precious Metals.

http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2015-R001.pdf


Guidance to Help Financial Institutions in Areas of Kentucky Affected by Severe Storms, Tornadoes, etc.: FDIC Financial institution Letter - August 14, 2015:

FDIC

Financial Institution Letter

Regulatory Relief:
Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Kentucky Affected by Severe Storms, Tornadoes, Straight-Line Winds, Flooding, Landslides, and Mudslides
FIL-35-2015
8/14/2015
Summary:
The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in areas of Kentucky affected by severe storms, tornadoes, straight-line winds, flooding, landslides, and mudslides.
Statement of Applicability to Institutions with Total Assets under $1 Billion: This Financial Institution Letter applies to all FDIC-supervised financial institutions.


Complete Financial Institution Letter: http://www.fdic.gov/news/news/financial/2015/fil15035.html

European Markets at Close Report - August 14, 2015: Europe Closes Lower; Greece, Oil, Yuan in Focus

cnbc.com

Europe closes lower; Greece, oil, yuan in focus

Holly Ellyatt, Alexandra Gibbs
 
European equities closed flat to lower on Friday, as investors eyed a key European meeting on Greece's hoped-for third bailout program.
The pan-European Stoxx 600 index closed flat on the day on Friday and down 2.6 percent on the week.
Most major country bourses closed lower on both the day and the week. The U.K.'s benchmark FTSE 100 ended provisionally down 0.1 percent on the day, with Germany's DAX down 0.2 percent and the French CAC down 0.5 percent.

PPI for final demand rises 0.2% in July; services increase 0.4% and goods decline 0.1%: BLE Press Release - August 14, 2015:

Bureau of Labor Statistics
The latest Producer Price Index news release has been posted on the BLS website at http://www.bls.gov/news.release/pdf/ppi.pdf and also archived at http://www.bls.gov/news.release/archives/ppi_08142015.pdf. Highlights are below.

PPI for final demand rises 0.2% in July; services increase 0.4% and goods decline 0.1%

08/14/2015
The Producer Price Index for final demand advanced 0.2 percent in July. Final demand prices rose 0.4 percent in June and 0.5 percent in May. In July, prices for final demand services climbed 0.4 percent. The index for final demand goods edged down 0.1 percent.
HTML | PDF | RSS

Keiser Report: 'See wealth, think debt that financed it' (Summer Solutio...

Keiser Report: Planet Ponzi dwarfing world's economy (E795)



FRB Press Release - August 14, 2015: Industrial Production and Capacity Utilization - G.17.

 

Industrial Production and Capacity Utilization - G.17

Current Release (271 KB PDF) (ASCII)

Release Date: August 14, 2015
 
Industrial production increased 0.6 percent in July after moving up 0.1 percent in June. In July, manufacturing output advanced 0.8 percent primarily because of an increase in motor vehicle assemblies. The output of motor vehicles and parts jumped 10.6 percent, and production elsewhere in manufacturing edged up 0.1 percent. The index for mining rose 0.2 percent, while the index for utilities fell 1.0 percent. At 107.5 percent of its 2012 average, total industrial production in July was 1.3 percent above its year-earlier level. (The comparison base year for industrial production was advanced to 2012 in the annual revision to the statistics published on July 21, 2015.) Capacity utilization for the industrial sector increased 0.3 percentage point in July to 78.0 percent, a rate that is 2.1 percentage points below its long-run (1972–2014) average.

Industrial Production and Capacity Utilization: Summary

Seasonally adjusted

For Full Disclosure Click: 
 

U.S. Stock Market Future Indications - August 14, 2015: U.S. stocks eye drop with data deluge ahead; weekly gain in jeopardy

marketwatch.com

U.S. stocks eye drop with data deluge ahead; weekly gain in jeopardy

Victor Reklaitis
Bloomberg
U.S. stocks were heading lower, on track for another tumultuous day of trading with a weekly gain at stake.
Before markets opened, investors shrugged off a reading of U.S. producer prices in July, which were up 0.2%, better than economists’ estimates.
A report on industrial production later in the morning before stocks open for trading and a gauge of consumer sentiment about a half-hour after trading kicks off likely will set the tone for Friday’s trading.

DealBook Today's Top Heaslines - August 14, 2015: A New Global Currency War | Brazil Banks Boom in Good Times and Bad | Goldman Expands Retail Banking | Google Gets More Time.

 
Friday, August 14, 2015
TODAY'S TOP HEADLINES
By AMIE TSANG
A NEW GLOBAL CURRENCY WAR China held firm on the value of its money for years, as other countries tried to secure an economic advantage by letting the value of their currencies slide on international markets. Some analysts see its jump into the fray as a new phase in a long-raging global currency war,

NYT First Draft on Politics - August 14, 2015: Democrats Gather for Chicken Wings in Shadow of Iowa State Fair.

8/14/2015 nytimes.com/firstdraft »
First Draft

Democrats Gather for Chicken Wings in Shadow of Iowa State Fair

Martin O’Malley, the former Maryland governor, spoke at the Iowa State Fair on Thursday. Eric Thayer for The New York Times
8/14/2015
By Amy Chozick
Good Friday morning, as the United States reopens its embassy in Cuba and Senator Marco Rubio of Florida travels to New York to condemn the move. But most of the campaigns are in Iowa, where the State Fair offers soapboxes to speak from, and where the Democrats will gather to chow down as they press the flesh.

The Guardian Media Briefing - August 14, 2015.

Media briefing
Friday 14 Aug 2015
g
Top stories on MediaGuardian More »

Alex Dyke won’t present Friday Radio Solent show after saying during phone-in that only ‘librarian-type, moustachioed’ women breastfeed in public
Bishop of Leeds says it’s absolutely the right decision to broadcast from the corrugated iron church, known as St Michaels, in the ‘jungle’ camp

Asian Markets at Close Report on August 14, 2015: Chinese stocks mark best week in more than two months; yuan stabilizes

marketwatch.com

Chinese stocks mark best week in more than two months; yuan stabilizes

Chao Deng
 
Shutterstock/Dmitry Kalinovsky
A falling yuan roiled markets across Asia this week, particularly in Malaysia and Indonesia, though much of the region steadied by Friday.