Translate

Search This Blog

Search Tool




Sep 4, 2015

DealBook P.M. Edition on September 4, 2015: Top Story: Stephen Schwarzman of Blackstone Feels the Agony of Victory.

 
 
Friday, September 4, 2015
TOP STORY
Stephen A. Schwarzman, Blackstone's chief executive, has spent at least half of each year since 1985 flying around the world, wooing clients.
Stephen Schwarzman of Blackstone Feels the Agony of Victory Few firms have scooped up as much money in so short a time as the Blackstone Group. Maybe that's why the C.E.O. takes its stock price personally.

Spot Prices as of Close of Trading in New York on Septemnber 4, 2015.

Spot Prices as of traditional New York closing times

Friday, September 04, 2015


Gold

Today Change Week Ago Month Ago Year Ago
$1,122.80 -$3.00 $1,135.50 $1,092.20 $1,267.45

Silver

Today Change Week Ago Month Ago Year Ago
$14.59 -$0.15 $14.58 $14.60 $19.19

Platinum

Today Change Week Ago Month Ago Year Ago
$994.00 -$18.50 $1,024.40 $961.10 $1,413.80

Palladium

Today Change Week Ago Month Ago Year Ago
$580.95 -$0.95 $592.00 $599.25 $893.60

Gold/Silver Ratio

76.96

Dow Posts Triple-Digit Drop, Caps Second Worst Week in 2015: Wall Street at Close Report on September 4, 2015.

marketwatch.com

Dow posts triple-digit drop, caps second worst week in 2015

Anora Mahmudova, Victor Reklaitis
AFP/Getty Images
It’s jobs day.
U.S. stocks ended Friday’s session sharply lower, as a highly anticipated monthly jobs report intensified the debate about the Federal Reserve’s decision to raise interest rates in September.
Widely seen as the last notable economic report before the Federal Reserve decides whether to raise interest rates at its two-day meeting on Sept. 16-17, the jobs data showed that the U.S. economy added a weaker-than-estimated 173,000 nonfarm jobs last month, while the unemployment rate dropped to 5.1%—marking its lowest level since April 2008.

Part of me hates ‘gotcha’ questions – even when the person being got is Donald Trump: The Best of The Guardian Opinion - September 4, 2015:

The best of Guardian opinion
Friday 04 Sep 2015
g
Today's opinion articles More »

U.S. Commerce Department Gives Small Businesses $3.2 Million for innovation Research:: U.S Department of Commerce Communications - September 4, 2015.

Press Release
U.S. Commerce Department Gives Small Businesses $3.2 Million for innovation Research
09/04/2015

The U.S. Commerce Department today announced that 20 small businesses will receive $3.2 million in grants to spur American innovation and competiveness through federally funded research and development from the National Institute of Standards and Technology (NIST).

Europe Markets Close Sharply Lower After US Jobs Report: European Markets at Close Report on September 4, 2015.

cnbc.com

Europe markets close sharply lower after US jobs report

Jenny Cosgrave, Katy Barnato
European stocks closed sharply lower on Friday, as the weaker-than-expected U.S. non-farm payrolls report weighed on global markets
The pan-European STOXX 600 closed around 2.4 percent lower, extending losses after the jobs report, with all major bourses and sectors down by at least 1.5 percent.
The French CAC 40 closed provisionally down 2.6 percent, the British FTSE 100 was down 2.3 percent and the German DAX closed unofficially 2.5 percent lower



 


FTSE FTSE 100 Index 6042.92
-151.18 -2.44% 742132617
DAX DAX Index 10038.04
-279.80 -2.71% 137385471
CAC 40 CAC 40 Index 4523.08
-130.71 -2.81% 137436231
IBEX 35 IBEX 35 Idx 9821.80
-220.60 -2.20% 325761704
The U.S. economy added 173,000 jobs in August, lower than the expected as Wall Street looks for clues about the path of interest rates. In addition to the new jobs, the unemployment rate fell to 5.1 percent.

FDIC Press Release - September 4, 2015: Former United Commercial Bank Chief Credit Officer Sentenced To Over Eight Years For Felony Fraud Conviction

  FDIC

FDIC Office of Inspector General Press Release

The following press release, issued by the U.S. Department of Justice, was 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 Futures Extend Losses After Jobs Report - U.S. Stock Market Future Indications Update - September 4, 2015

U.S. stock futures extend losses after jobs report

Anora Mahmudova, Victor Reklaitis

AFP/Getty Images
It’s jobs day.
U.S. stock-index futures, which were already trading about 1% lower Friday, extended losses after the official payrolls report showing the U.S. economy added 173,000 jobs last month while the unemployment rate dropped to 5.1%.

Evaluation of Risks Associated with Early Termination of Shared-Loss Agreements: FDIC Office of Inspector General Report Update - September 4, 2015.

  FDIC

FDIC Office of Inspector General Report

The following report was recently posted to the Federal Deposit Insurance Corporation’s (FDIC) Office of Inspector General (OIG) Web site: www.fdicig.gov.

Thank you for your interest in the work of the FDIC OIG. If you have questions or need additional information, please contact the OIG.

(In cases where an OIG report includes sensitive or confidential information, the OIG may redact certain information in the report, and the report will be marked as such. In some instances because of the highly sensitive nature of the entire report, the OIG may not make the report publicly available and instead, a brief summary of the report is posted to the Web site.)

Payroll employment rises by 173,000 in August; unemployment rate edges down to 5..1%: BLS Economic News Release - September 4, 2015.

Bureau of Labor Statistics
The latest Employment Situation news release has been posted on the BLS website at http://www.bls.gov/news.release/pdf/empsit.pdf and also archived at http://www.bls.gov/news.release/archives/empsit_09042015.pdf. Highlights are below.

Payroll employment rises by 173,000 in August; unemployment rate edges down to 5.1%

09/04/2015
Total nonfarm payroll employment increased by 173,000 in August, and the unemployment rate edged down to 5.1 percent. Job gains occurred in health care and social assistance and in financial activities. Manufacturing and mining lost jobs.



SPECIAL NOTICE BLS Speakers Available for Presentations about U.S. Labor Market and Economy.   More Info »

DealBook Today's Top Headlines - September 4, 2015: Markets Slide Ahead of U.S. Jobs Report | Defense to Rest Its Case in Trial of Ex-Dewey & LeBoeuf Executives | A Third Act for Philip Falcone.

 
 
By AMIE TSANG
MARKETS SLIDE AHEAD OF U.S. JOBS REPORT Markets were cautious on Friday ahead of the latest United States labor market report, Reuters reports. Asian markets extended their losses on Friday morning, with the Nikkei 225 closing down 2.15 percent. Chinese markets were closed for a public holiday. European stocks were also down in early trading.

Rubio and Clinton to Have an Island All to Themselves: NYT First Draft on Politics - September 4, 2015.

9/04/2015 nytimes.com/firstdraft »
First Draft

Rubio and Clinton to Have an Island All to Themselves

Senator Marco Rubio of Florida spoke at the Prescott Bush Awards Dinner in Stamford, Conn., in June. Eric Thayer for The New York Times
9/04/2015
By Jeremy W. Peters
Good Friday morning. Donald J. Trump had a big day on Thursday, but on Friday, other candidates, Senator Marco Rubio of Florida and Hillary Rodham Clinton, will find themselves in Puerto Rico at the same time. And Mr. Rubio is wasting little time previewing his idea of what the general election might look like.
“Marco vs. Hillary in Puerto Rico this Friday,” reads the news release from the Rubio campaign, like a flyer promoting an event more suited to a boxing ring than a presidential race.

U.S. stocks: Futures fall, weekly drop in sight as jobs report looms: U.S. Stock Market Future Indications - September 4, 2015.

marketwatch.com

U.S. stocks: Futures fall, weekly drop in sight as jobs report looms

Victor Reklaitis
AFP/Getty Images
In today’s market action, expect excitement about employment.
U.S. stocks on Friday looked on track to fall at the open and end lower for the week, but an eagerly awaited jobs report still could shake up trading before the holiday weekend.
Stock futures lost ground, with S&P 500 futures ESU5, -1.07%   down 15.35 points, or 0.8%, to 1,930.75. Dow Jones Industrial Average futures YMU5, -1.07%  dropped 141 points, or 0.9%, to 16,207, while those for the Nasdaq 100 NQU5, -1.06%  declined by 34.25 points, or 0.8%, to 4,195.25.
On Thursday, the S&P 500 SPX, +0.12% and Dow DJIA, +0.14% closed higher for a second day in a row, but gave up most of their gains by the market’s close.
Time (EDT)S&P 500 Index31 Aug1 Sep2 Sep3 Sep
1,9002,0001,9251,9501,975