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Apr 7, 2016

WSJ | Forex Closing on April 7, 2016.

The Wall Street Journal Forex Closing
Major Currencies
Thursday, April 7, 2016

WSJ Major Indexes Closing on April 7, 2016.

The Wall Street Journal Major Indexes Closing
Major Indexes 5:45 p.m. EDT 04/07/16

FTC News and Events Published on April 7, 2016: FTC to Host Data Security Conference in Chicago June 15.

FTC@100 Banner

Fourth Event in “Start With Security” Series Will Be Keynoted by FTC Commissioner Maureen Ohlhausen
The Federal Trade Commission will host a one-day conference in Chicago on June 15, 2016, on how companies can secure their products, services, and networks. The event will focus on guidance for startups and other small and medium-sized businesses about how to make security considerations a part of their companies’ culture.
FTC Commissioner Maureen Ohlhausen will provide opening remarks for the conference, which will be the fourth “Start with Security” event nationwide. The conference will bring together experts in data security to provide guidance to businesses.
The conference will take place at, and is co-sponsored by, the Northwestern Pritzker School of Law. A full agenda will be made available in the weeks leading up to the conference.
In addition to holding conferences around the country, the FTC has created extensive new business education materials to help companies think about how to incorporate strong security practices.
The business guidance lays out ten key steps to effective data security drawn from the alleged facts in the FTC’s data security cases and is designed to provide an easy way for companies to understand the lessons learned from those previous cases. Available as a guidebook and a series of videos, the guidance includes references to the cases, as well as plain-language explanations of the security principles behind them.
The Federal Trade Commission works to promote competition, and protect and educate consumers. You can learn more about consumer topics and file a consumer complaint online or by calling 1-877-FTC-HELP (382-4357)

Contact Information

Jay Mayfield
Office of Public Affairs

James Trilling
Bureau of Consumer Protection
More news from the FTC >>

WSJ | Biggest Decliners Closing on April 7, 2016.

The Wall Street Journal Biggest Decliners Closing
Biggest Decliners
4:31 pm ET 04/07/2016

WSJ | Most Actives Closing on April 7, 2016.

The Wall Street Journal Most Actives Closing
Most Active Stocks by Volume
4:46 pm ET 04/07/2016

WSJ | Biggest Decliners Closing on April 7, 2016.

The Wall Street Journal Biggest Gainers Closing
Biggest Gainers
4:46 pm ET 04/07/2016

DealBook P.M. Edition - April 7, 2016: China Stanches Flow of Money Out of the Country, Data Suggests.

Thursday, April 7, 2016
China's central bank in Beijing. Doubts still remain about the country's ability to rev up slowing growth and patch up its frayed financial system.
China Stanches Flow of Money Out of the Country, Data Suggests Officials said that the country's hoard of foreign exchange reserves, a rough proxy for money moving in and out of the nation, grew in March for the first time in five months.

Wall Street at Close Report on April 7, 2016, by CNBC: Dow Closes Down Triple Digits as Yen Climbs.

Evelyn Cheng
U.S. stocks closed about 1 percent lower or more Thursday, with financials leading declines. Continued strength in the yen against the dollar renewed concerns about global growth and the effectiveness of central bank policy.

Federal Reserve Bank of New York Org.: Agency MBS Transaction Summary Update From March 31, Thrugh April 6, 2016.

Agency MBS Transaction Summary
Gross purchases from March 31 through April 6, 2016: $4,058 million
Sales (dollar rolls) from March 31 through April 6, 2016: $0 million
Net purchases from March 31 through April 6, 2016: $4,058 million

CMI Spot Prices at Close on April 7, 2016.

Spot Prices as of traditional New York closing times

Thursday, April 07, 2016

The Guardian | Opinion | EU Referendum - Aprl 7, 2016: The £9m Pro-EU Leaflet Says Just One Thing: We’re Panicking, by Dann Hannan

Daniel Hannan
Austerity is evidently not for everybody. There might not be money for junior doctors or people on disability allowances, but there’s money to tell us to vote to stay in the EU.

Bits | The Business of Technology - April 7, 2016: Bits: Reddit's Small Step to Tame the Internet's Toxic Culture.

The New York Times
Thursday, April 7, 2016

European Markets at Close Report on April 7, 2016, by CNBC: Europe Shares Close Lower as Italian Banks Weigh; Oil Slips.

Alexandra Gibbs, Matt Clinch
European equities closed in the red on Thursday, as investors digested the latest set of minutes from the European Central Bank and eyed the fluctuation in oil prices.

RT Max Keiser Report - April 7, 2016: Planning is Everything (E898)

Published on Apr 7, 2016
In this episode of the Keiser Report, Max and Stacy discuss planning that is everything, plans which are nothing. They look at the British economy as if Eisenhower were examining it. In the second half, Max interviews Tom Coughlin of the Allocated Bullion Exchange ( about the first real gold exchange.

Kitco News - April 7, 2016: How Badly Does China Want Gold? - Part 2 with Jim Rickards.

Kitco NEWS

Published on Apr 7, 2016
In best-selling author Jim Rickards’ latest book, the New Case For Gold, he brings up one of the most common criticisms of a new gold standard – that there is not enough gold to support it. Rickards makes the argument that it would work at a certain price level. In his interview with Kitco News, Rickards also discusses China and gold buying. He suggests that China is suppressing the gold price through the COMEX market in order to build-up more physical supplies. Once they have a sufficient supply, equal to the United States, they will no longer care what the metal's price is and it will likely skyrocket, he explains.

FTC National Consumer Protection Week: The FTC Best of 2015.

National Consumer Protection Week Blog Updates

Nat Wood
Associate Director, Consumer & Business Education, FTC

Here at the FTC, we spend most of our time working to protect your consumer rights and promote fair competition among companies. We conduct investigations, bring cases, give people tips and advice, help businesses comply with the law, and advocate for consumer-friendly policies around the world.
Read more >

GATA | THE GATA DISPATCH - April 7, 2016: Alasdair Macleod: Gold and Interest Rates

Submitted by cpowell on +April 7, 2016. By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, April 7, 2016

It is commonly assumed that the gold price and interest rates move in opposite directions. In other words, a tendency towards higher interest rates is accompanied by a lower gold price.
Like all assumptions about prices, sometimes it is true and sometimes not.

FRB Press Release on April 7, 2016: Federal Reserve Board proposes technical amendments to rule requiring global systemically important bank holding companies to hold additional amounts of risk-based capital 
Release Date: April 7, 2016

The Federal Reserve Board on Thursday proposed technical amendments to its rule requiring global systemically important bank holding companies (GSIBs) to hold additional amounts of risk-based capital. The proposal would not materially change the underlying rule finalized by the Board in July 2015.
The final rule established the criteria for identifying a firm as a GSIB and the methodology a GSIB is required to use to determine its risk-based capital surcharge, which corresponds to the systemic risk of that firm.
The proposed amendments clarify that GSIBs must continue to calculate their surcharges using year-end data, while their related surcharge data will be reported on a quarterly basis. The proposal also clarifies that these firms are required to compute their surcharge scores using billions of dollars. The amendments also provide additional information on how GSIBs should calculate their short-term wholesale funding scores, which help to determine their surcharges, during the rule's transition period.

Comments will be accepted by May 13, 2016.
For media inquiries, call 202-452-2955.
Federal Register Notice (PDF)
Board Votes
Last update: April 7, 2016

U.S. Stock Market Future Indications Update - April 7, 2016, by MarketWatch: Stocks Futures Point to a Weak Open as Crude Oil Turns South.

Ellie Ismailidou, Barbara Kollmeyer
Stock futures in negative territory on Thursday, after a report on U.S. jobless claims, which remained near multidecade lows, pointed to continuing recovery in the labor market.

FDIC Financial Institution Letter - April 7, 2016: Guidance to Help Financial Institutions to Facilitate Recovery in Areas of Missisipi Affected by Severe Storms and Flooding.


April 7, 2016

Regulatory Relief

CNN Money - April 7, 2016: The Open | What you need to Know.


The Open | What you need to know

Stocks: 5 things to know before the open
Here's what you need to know about the markets before you start your business day.

Dow 17,716.05 +112.73 +0.64%
Nasdaq 4,920.72 +76.78 +1.59%
S&P 500 2,066.66 +21.49 +1.05%
10 Year Yield 1.76% +0.03 --
Oil $37.83 +1.17 +3.20%
Gold $1,240.40 +16.60 +1.36%

All Market Activity APR 07 5:14am ET
Oil rebound is great for stocks. But can it last?
The dramatic bounce for oil prices from their lows earlier this year has helped lift stocks around the world -- particularly in commodity-rich markets like Canada, Russia and Brazil. But experts say oil prices -- and stocks -- will remain volatile.
Here comes the worst earnings season since Great Recession
Wall Street is bracing for a 7.9% plunge in first-quarter profits, the biggest decline since the Great Recession. Blame the strong dollar and cheap oil.
New Obama rule goes after shady financial advisers
A new Fiduciary Rule from the Obama administration requires financial advisers to always act in the best interest of their client.
Fed officials divided over April rate hike
The Federal Reserve's committee members mostly cautioned against an April rate hike though some thought it was appropriate.
Red flag: U.S. economy may have hit the pause button
Forecasts for U.S. economic growth in the first quarter of this year are falling quickly after initial optimism.

The Guardian | World | China | Panama Papers - March 7, 2016: China Ramps Up Panama papers Censorship After Leaders' Relatives Named

Tom Phillips
Chinese censors have stepped up their censorship of websites, ordering all content related to the Panama Papers to be scrubbed as new revelations emerged of how relatives of some of the country’s top leaders had used secretive offshore companies to store their wealth.

NYT First Draft on Politics - April 7, 2016: Welcome to New York by Maggie Haberman.

Thursday, April 7, 2016

The New York Times »

The New York Times

Thursday, April 7, 2016

Supporters waited for Donald J. Trump before the start of a campaign rally on Long Island in New York on Wednesday.
Supporters waited for Donald J. Trump before the start of a campaign rally on Long Island in New York on Wednesday. Damon Winter/The New York Times
Welcome to New York

DealBook Today's Top Headlines - April 7, 2016: Megamergers Face Increasing Challenges in U.S. | Fintech vs. Big Banks | Yahoo Said to Warn Bidders of Financial Problems.

Thursday, April 7, 2016

Bloomberg View - April 7, 2016: The Real Reason an EU Exit Would Punish Britain.
Therese Raphael
One of the biggest unanswered questions of Britain's looming referendum is how much capital might flee the nation if it decides to go it alone.

U.S. Stock Market Future Indications - April 7, 2016, MarketWatch: U.S. Stocks Set to Pause; Dollar Crumbles Against The Yen.

Barbara Kollmeyer
U.S. stock futures pointed to a slightly softer open for Wall Street on Thursday, as markets paused for breath after a strong session, while the dollar plunged to fresh 18-month lows against the yen.

Asian Markets at Close Report - April 7, 2016: China Stocks Fall as 3-Month Ban on Selling Stocks Set To Expire

Chao Deng
Stocks in China slipped Thursday, amid worries about the imminent expiration of temporary restrictions on large shareholders from selling domestic stocks.