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Jun 8, 2016

From The Desk of Fernando Guzmán Cavero - Notification - June 8, 2016

Dear Friends

Early in the morning today, I experienced inconvenience with my domain provider, and a slower internet service than usual.

My technical team will be working on a maintenance to my computer and I will have to talk to my servers tomorrow at first time in the morning, therefore, the financial information regularly provided early, will not be on the air tomorrow Thursday, June 9, 2016

I apologize for any inconvenience  this might have caused you.

Please stay tuned with us,that as soon as possible we'll be back.
Fernando Guzmán Cavero

Traveling Wilburys - End Of The Line | Enjoy This Great Band

WSJ | Major Decliners Closing on June 8, 2016

THE WALL STREET JOURNALBiggest Decliners Closing
Biggest Decliners
4:46 pm ET 06/08/2016

WSJ | Biggest Gainers Closing on June 8, 2016

THE WALL STREET JOURNALBiggest Gainers Closing
Biggest Gainers
4:31 pm ET 06/08/2016

WSJ | Most Actives Closing on June 8, 2016

Most Active Stocks by Volume
4:31 pm ET 06/08/2016

Wall Street at Close Report, by CNBC on June 8, 2016: Dow Posts First Close Above 18K Since April
Evelyn Cheng
U.S. stocks closed higher Wednesday, with materials and industrial stocks leading, as the Dow and S&P neared their 52-week intraday highs touched last summer.

CMI Spot Prices at Close on June 8, 2016

Spot Prices as of traditional New York closing times

Wednesday, June 08, 2016


European Markets at Close Report on June 8, 2016: Europe Ends Lower as Global Growth Concverns Weigh; FTSE Pops

Arjun Kharpal, Alexandra Gibbs, Holly Ellyatt
European stocks closed in the red on Wednesday despite an uptick in oil prices, as concerns over the health of the global economy continued to weigh.

U.S. Stock Market Future Indications Update - June 8, 2016: U.S. Stocks Futures Rise as Oil Breaks Above $51, Dollar Tumbles
Ellie Ismailidou, Carla Mozee
U.S. stock futures moved higher Wednesday, as oil prices broke above $51 a barrel and the dollar tumbled to a one-month low, while investors awaited fresh data on available jobs and crude oil supply in the U.S.

Agencies Extend Deadline for Certain Foreign Banking Organizations' Resolution Plan Submission: FRB joint Press Release - June 8, 2016

June 8, 2016
The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Wednesday announced that four foreign banking organizations (FBOs) will be required to submit their next resolution plans on July 1, 2017. Previously, the four FBOs--Barclays PLC, Credit Suisse Group, Deutsche Bank AG, and UBS--were required to submit their next plans on July 1, 2016. However, the agencies jointly determined the 2016 annual resolution plan filing requirement will be satisfied by the submission of 2017 resolution plans.
The agencies made their decision in light of the significant restructuring these companies are undertaking to come into compliance with the Federal Reserve Board's Intermediate Holding Company (IHC) requirement, which is also due on July 1, 2016. The formation of an IHC will facilitate supervision and regulation of the U.S. operations of a foreign bank, and certain IHC-required initiatives are likely to affect the firms' resolution plans and strategies. The IHC requirement was established by the Federal Reserve Board in 2014 as part of its implementation of the enhanced prudential standards required under the Dodd-Frank Wall Street Reform and Consumer Protection Act for bank holding companies and foreign banking organizations with total consolidated assets of $50 billion or more.
The agencies expect to provide feedback to the four FBOs based on their 2015 plans as well as provide additional guidance to the firms for their 2017 plans.
The Dodd-Frank Act requires that bank holding companies with total consolidated assets of $50 billion or more or foreign banks with $50 billion or more in global consolidated assets periodically submit resolution plans to the FDIC and the Federal Reserve. Each plan must describe the company's strategy for rapid and orderly resolution under the U.S. Bankruptcy Code or other applicable insolvency regime in the event of material financial distress or failure of the company.
Board Votes
Media Contacts:
Federal Reserve Eric Kollig 202-452-2955
FDIC Barbara Hagenbaugh 202-898-7192
Last update: June 8, 2016

Bonds, Commodities, Emerging Markets All Buoyed by Central Banks: Bloomberg News - June 8, 2016

James Regan, Kelly Gilblom
Bonds rose with commodities and emerging markets on speculation that central banks will persist with policies that support financial markets.

Hillary Clinton Clinches a Milestone Nomination , by Patrick Healy and Jonathan Martin: NYT First Draft on Politics - June 8, 2016

Wednesday, June 8, 2016

The New York Times

The New York Times

Wednesday, June 8, 2016

Hillary Clinton during her victory speech in Brooklyn on Tuesday night.
Hillary Clinton during her victory speech in Brooklyn on Tuesday night. Doug Mills/The New York Times
Hillary Clinton Clinches a Milestone Nomination

DealBook Today's Top Headlines - June 8, 2016: Dell Ruling May Not Affect Buyouts as Much as Feared | The Merger That Wasn't? | Renaud Laplanche Said to Consider Lending Club Takeover

Wednesday, June 8, 2016
DELL RULING MAY NOT AFFECT BUYOUTS AS MUCH AS FEARED Will a judge's ruling that buyers underpaid for Dell when it was taken private change buyouts more broadly? Probably not, Steven Davidoff Solomon argues in the Deal Professor column.

Clinton Celebrates Victory, Declaring: "We've Reached a Milestone": The Washington Post | Politics - June 8, 2016

Hillary Clinton laid claim to the Democratic presidential nomination Tuesday night, making a full pivot to a nasty general-election fight against Donald Trump even as she prevailed in a vigorously contested primary in California against Sen. Bernie Sanders.

U.S. Stock Market Future Indications, by marketWatch - June 8, 2016: U.S. Stocks Futures Tilt Higher as Oil Pushes Further Above $50

U.S. stocks futures tilt higher as oil pushes further above $50

Carla Mozee
U.S. stock futures pointed to modest gains on Wednesday, with updates from the labor and energy markets due as investors watch to see if Dow industrials can close above 18,000 and if oil prices can stay above $50 a barrel.
Futures for the Dow Jones Industrial Average YMM6, +0.08%  were up 14 points, or 0.1%, at 17,946, and futures for the S&P 500 ESM6, +0.11%  picked up 1.45 points, or 0.1%, at 2,111.75. Futures for the Nasdaq Composite NQM6, +0.06%  were higher by 1.5 points at 4,515.75.
On Wall Street Tuesday, the Dow industrials DJIA, +0.10% edged up 0.1% and briefly topped 18,000 for the first time since April. The S&P 500 index SPX, +0.13%  finished up 0.1%, enough to allow the index to mark its best close in nearly 10 months, at 2,112.13. That index is less than 1% off its record of 2,130.82, set May 21, 2015.
The Nasdaq Composite Index COMP, -0.14% on Tuesday shed 0.1%, weighed on by biotech shares.
“Stocks ... squeezed out a new high for the year yesterday, but it has been a slow crawl higher in the wake of last Friday’s U.S. Employment Report and the subsequent dovish tone to [Federal Reserve Chairwoman Janet] Yellen’s speech on Monday,” said Simon Smith, chief economist at FxPro, in a note.
“Once again, this demonstrates the waning impact that low rates and monetary policy in general is having on stocks and asset markets in general,” he added.
Defiant Sanders refuses to drop out of Democratic race
Sen. Bernie Sanders promised to carry on his campaign after Hillary Clinton claimed victory as the party's nominee.
Energy stocks, which helped nudge the S&P 500 higher, will be back in focus Wednesday as oil prices CLN6, +0.87% LCOQ6, +1.03%  continued to trade above $50 a barrel. West Texas Intermediate futures on Tuesday settled at their highest since July.
The Energy Information Administration is expected to release its weekly crude-supply report at 10:30 a.m. Eastern Time. Ahead of that report, data showed crude imports into China rose 39% in May from the year-ago period, in part on demand from privately owned refineries.
“This extra demand has boosted not only the price of oil, but also optimism that the world’s second- largest oil consumer may be arresting its economic downturn — something which would be supportive for oil and other commodities,” said Mihir Kapadia, chief executive at wealth-management firm Sun Global Investments, in a note.
Economic docket: The Labor Department is due to release data at 10 a.m. Eastern on the number of available jobs in April. The job openings report will include the quits rate — a measure of worker willingness to leave one job for another — and the hiring rate.
The Census Bureau is slated to release its first-quarter report on services-sector activity at 10 a.m. Eastern. See:MarketWatch’s economic calendar
Corporates: Lululemon Athletica Inc. LULU, -0.89%  shares are down 3.1% in premarket trade after the yoga wear retailer reported earnings and gave a second-quarter sales forecast below expectations.
Other markets: Asian stocks were mixed, with Japan’s Nikkei Average NIK, +0.93%  up 0.9%, but the Shanghai Composite SHCOMP, -0.30%  down 0.3%.
The dollar index DXY, -0.11%  was off 0.1% at 93.749, while gold futures GCQ6, +0.67%  were up nearly 1% at $1,255.40 an ounce.
European stocks SXXP, -0.48%  were moving lower. Attention was turning to the bond market as the European Central Bank began purchasing corporate bonds.

CNN Premarkets: 4 Things you Need to Know Before the Open
Ivana Kottasova
Markets in Europe are softer but U.S. stock futures are mostly flat. Here are the four things you need to know before the opening bell rings in New York:

Asian Markets at Close Report, by MarketWatch on June 8, 2016: China Stocks Retreat as Investors Brace for Data; Japan Stocks Rise.

Chao Deng
Chinese stocks slipped Wednesday and trading was tepid across Asia, as investors braced for upcoming economic data out of China and a key decision next week by benchmark provider MSCI Inc.

Today's Media Stories From The Papers - June 8, 2016: The Guardian | UK | Media | Media Briefing.

Top story on MediaGuardian

John Whittingdale defends BBC plans after MPs voice concerns
Culture secretary also tells Commons committee he is still considering a ‘number of options’ for Channel 4