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Jun 3, 2016

Anonymous Official Ideas are Social Evolution - Published on May 28, 2016

Anonymous Official Anonymous Official

CMI Spot Prices at Close on June 3, 2016

Spot Prices as of traditional New York closing times

Friday, June 03, 2016


DealBook P.M. Edition - June 3, 2016: Top Story: William D. Cohan: Finra Arbitration Case Offers a Peek Into a Murky World

 
Friday, June 3, 2016
TOP STORY
William D. Cohan: Finra Arbitration Case Offers a Peek Into a Murky World Forced arbitration can circumvent legal rights, but Finra's version of arbitration comes with an additional dollop of what seems like bias.

WSJ | Forex Closing on June 3, 2016

The Wall Street Journal Forex Closing
Major Currencies
Friday, June 3, 2016

WSJ | Major Indexes Closing on June 3, 2016.

The Wall Street Journal Major Indexes Closing
Major Indexes 5:45 p.m. EDT 06/03/16

WSJ | Biggest Gainers Closing on June 3, 2016

The Wall Street Journal Biggest Gainers Closing
Biggest Gainers
4:31 pm ET 06/03/2016
NYSE

WSJ | Biggest Decliners Closing on June 3, 2016

The Wall Street Journal Biggest Decliners Closing
Biggest Decliners
4:31 pm ET 06/03/2016
NYSE

WSJ | Most Actives Closing on June 3, 2016

The Wall Street Journal Most Actives Closing
Most Active Stocks by Volume
4:32 pm ET 06/03/2016
NYSE

Wall Street at Close Report, by CNBC on June 3, 2016: Stocks Close Slightly Lower After Jobs Miss

cnbc.com
 
Evelyn Cheng
U.S. stocks closed slightly lower Friday, as gains in utilities offset declines in financials after a sharp miss on the May jobs report.

Educate Your Immune System: NYT | Opinion - June 3, 2016


nytimes.com

Moises Velasquez-Manoff

FTC Press Release - June 3, 2016: FTC Charges Gold, Silver Investment Scheme with Fraud.

FTC@100 Banner


The Federal Trade Commission charged a nationally advertised gold and silver marketing operation with bilking millions from consumers.  The FTC seeks to recover money from the defendants to return to their customers, many of whom allegedly lost thousands of dollars to the scheme.

Bits | The Business of Technology - June 3, 2016: Huawei Draws Attention of U.S. Regulators.

Friday, June 3, 2016

The New York Times


The New York Times

Friday, June 3, 2016

Daily Report
Huawei Draws Attention of U.S. Regulators | One of China’s biggest threats to an American technology leader just found life a lot tougher.

The Guardian | Opinion EU Referendum - June 3, 2016: Dear Britain, If You Stay in the EU, You Will Ruin Our Lives. Here is why, by Jean Quatremer

theguardian.com

Jean Quatremer
 
My English friends, as it’s only you who are tempted by Brexit, don’t be won over by the arguments of the remain campaigners. Vote leave on 23 June!

GATA | THE GATA DISPATCH - June 3, 2016: Ronan Manly: LBMA Gold and Silver Data is Full of Mistakes


Submitted by cpowell on June 3, 2016Friday, June 3, 2016

FDIC Press Release - June 3, 2016: FDIC Issues List of Banks Examined for CRA Compliance.

FDIC

Press Release

FDIC Issues List of Banks Examined for CRA Compliance

FOR IMMEDIATE RELEASE June 3, 2016 Media contact:
LaJuan Williams-Young
(202) 898-3876
lwilliams-young@fdic.gov
The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in March 2016. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit needs, including those of low- and moderate-income neighborhoods, consistent with safe and sound operations. As part of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), Congress mandated the public disclosure of an evaluation and rating for each bank or thrift that undergoes a CRA examination on or after July 1, 1990.
A consolidated list of all state nonmember banks whose evaluations have been made publicly available since July 1, 1990, including the rating for each bank, can be obtained at www.fdic.gov or from the FDIC's Public Information Center, 3501 Fairfax Drive, Room E-1002, Arlington, VA 22226 (877-275-3342 or 703-562-2200).
A copy of an individual bank's CRA evaluation is available directly from the bank, which is required by law to make the material available upon request, or from the FDIC's Public Information Center.
# # #

European Markets at Close Report, by CNBC on June 3, 2016: Europe Sinks at Close After U.S. Jobs Miss Jolts Markets

cnbc.com

Alexandra Gibbs, Antonia Matthews
 
European stocks dropped sharply by Friday's close after investors learned that the U.S. had only added 38,000 jobs in May, well below Wall Street expectations of 162,000.

U.S. Stock Market Future Indications Update, by MarketWatch - June 3, 2016: U.S. Stock Futures Drop After Ugly Jobs Data.

marketwatch.com

Anora Mahmudova, Barbara Kollmeyer
 
U.S. stock futures declined Friday morning after government data showed the economy created just 38,000 jobs last month, the weakest level of hiring in six years.

MarketWatch - June 3, 2016: Financial Stocks Turns Sharply Lower After Weak Jobs Report


BEA News Release June 3, 2016: U.S. International Trade in Goods and Services, April 2016 | 2015 Annual Revision.


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

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $37.4 billion in April, up $1.9 billion from $35.5 billion in March, revised.  April exports were $182.8 billion, $2.6 billion more than March exports. April imports were $220.2 billion, $4.5 billion more than March imports.

The full text of the release on BEA's Web site can be found at www.bea.gov/newsreleases/international/trade/tradnewsrelease.htm

BLS News Release - June 3, 2016: Unemployment Rate Declines to 4.7% in may; Payroll Employment Changes Little (+38,000)

Bureau of Labor Statistics

NYT First Draft on Politics - June 3, 2016: Hillary Clinton and Donald Trump Move Deeper Into the Fray, by Maggie Haberman.

Friday, June 3, 2016

The New York Times
The New York Times

Friday, June 3, 2016

Hillary Clinton speaking on Thursday in San Diego.
Hillary Clinton speaking on Thursday in San Diego. Monica Almeida/The New York Times
Hillary Clinton and Donald Trump Move Deeper Into the Fray
By MAGGIE HABERMAN

Bloomberg News - June 3, 2016: Jobs day | Lew Warns on China | Commodity Bull Market | Stocks Rise Ahead of Payrolls Data | Trump Gets Low Key Endorsement.

Jobs Day

 
At 8:30 a.m. ET the most important data point in the lead up to the Fed's June meeting is published when the Labor Department releases the Jobs Report for May. The median estimate of economists surveyed by Bloomberg points to the payrolls climbing 160,000 in May, the same as in the previous month. One factor that will depress the number is the strike by workers at Verizon Communications Inc., which could affect the jobs print by as much as 40,000. Market-implied odds of a Fed hike in June have been falling in recent days, and now stand at 22 percent, down from as high as 35 percent at the beginning of last week. Federal Reserve Bank of Chicago President Charles Evans said in London this morning that he can see a case for holding rates until inflation reaches 2 percent.

Lew warns on China

 
Treasury Secretary Jacob J. Lew has said that China's overcapacity is "distorting markets and important global commodities" ahead of the U.S.-China Strategic and Economic Dialogue, scheduled for June 6-7 in Beijing. With the concern over the Chinese economy already pushing the yuan towards a five-year low, Goldman Sachs Group Inc. is warning of a possible repeat of January's rout, with strategists led by Robin Brooks saying they are shifting to an "outright negative view” on the yuan.

Commodity bull market

 
The rally in oil is pushing the broader commodities to the brink of bull market territory. The Bloomberg Commodity Index, which tracks returns from 22 raw materials, climbed 0.7 percent to 87.28 by 6:10 a.m. ET this morning, with a close above 87.45 marking a 20 percent advance from January's low. Brent crude is trading above $50 a barrel while WTI futures gained 9 cents to trade at $49.25 a barrel at 6:03 a.m. ET. Gold was unchanged.

Stocks rise ahead of payrolls data

 
The MSCI Asia Pacific Index added 0.4 percent overnight, with Japan's Topix also rising 0.4 percent as investors awaited U.S. jobs data to gauge the likelihood of a Fed hike in June. In Europe, the Stoxx 600 Index was, again, 0.4 percent higher at 6:05 a.m. ET. S&P 500 futures, which clearly haven't got the '0.4 percent higher' memo yet, were flat.

Trump gets low-key endorsement

 
House Speaker Paul Ryan has backed Republican presidential candidate Donald Trump in an article in his hometown newspaper in Janesville, Wisconsin. While the low-key endorsement is in contrast to the publicity surround Ryan's holding out, his concession will tie him closer to the volatile nominee. Trump will make a brief trip to the U.K. and Ireland later this month, which will coincide with voting on the Brexit referendum.

Bloomberg News - June 3, 2016: Brazil Exploding Debt-to-GDP Is Going to Become a Problem Soon.

bloomberg.com
 
Jonathan Levin, Ye Xie
 
Reining in Brazil’s mammoth budget is no small feat, no matter how good you are.
Cut discretionary spending, and risk blowback from an already frustrated electorate. Raise taxes, you could exacerbate the nation’s crushing recession. Privatize government companies? Beware the wrath of the unions. Shrink social security? It’ll take decades to manifest itself on the nation’s balance sheet. And that doesn’t even start to address Brazil’s massive interest tab.

NYT | Opinion Pages OP-ED Columnist: Paul Krugman - June 3, 2016: The ID That Ate The Planet

nytimes.com

Paul Krugman
 
On Tuesday the political arm of the Natural Resources Defense Council, one of America’s most influential environmentalist groups, made its first presidential endorsement ever, giving the nod to Hillary Clinton. This meant jumping the gun by a week on her inevitable designation as the presumptive Democratic nominee, but the NRDC Action Fund is obviously eager to get on with the general election.

DealBook Today's Top Headlines on June 3, 2016: Chairman Puts His Brand on Tribune | Former Morgan Stanley Deal Makers Reunite Over Exchanges | T. Rowe Price Seeks a Solution to $190 Million Blunder.

 
Friday, June 3, 2016
TODAY'S TOP HEADLINES
By AMIE TSANG
CHAIRMAN PUTS HIS BRAND ON TRIBUNE Michael W. Ferro Jr. has been a power player in Chicago for years and since he became chairman at Tribune Publishing four months ago, he has been determined to make it known that he is in charge and no one will take that away from him.

U.S. Stock Market Future Indications, by MarketWatch - June 3, 2016: S&P 500 Primed for a Record, With Jbs data a Potential Catalyst

marketwatch.com

Barbara Kollmeyer
 
Stock futures stuck to the flat line on Friday, with a record for the S&P 500 in the balance, as investors waited for all-important new-jobs data that’s expected to show muted gains.

Asian Markets at Close Report on June 3, 2016: China Stocks Break 6-Week Losing Streak

marketwatch.com

Chao Deng
 
Chinese shares jumped this week, ending six straight weeks of declines. On Friday, stock markets across Asia traded up, while in Singapore, shares of Noble Group Ltd. plummeted after the commodities trader announced drastic fundraising plans.

Bloomberg View - June 3, 2016: New Saudi Oil Minister's Diplomacy Blitz Heals Opec Rifts

bloomberg.com
 
Javier Blas, Nayla Razzouk, Angelina Rascouet
Between Saudi Arabia’s new oil minister and the rest of OPEC, a fragile peace reigns.
Khalid al-Falih, who replaced Ali al-Naimi a month ago, faced a daunting premiere on the world stage at OPEC’s 169th ministerial gathering in Vienna.

The Guardian | UK | Media | Media Briefing - June 3, 2016: Today's Media Stories From the Papers

theguardian.com

Top story on MediaGuardian

BBC is ‘worst employer of all time’, says Radio 2’s Paul Gambaccini
Presenter hits out at director general Tony Hall, saying he caved in to a media ‘witch-hunt’ after Jimmy Savile scandal