Jun 30, 2018

Airbus (BR)exiting the UK (E1247) I Max Keiser Report Video

Donald Trump attacks Democrats as crowds gather for protests | US news I The Guardian


Donald Trump attacks Democrats as crowds gather for protests | US news

Lucia Graves

On the morning of mass protests against his government, Donald Trump attacked “radical left” Democrats campaigning to disband Immigration and Customs Enforcement (Ice), a government agency centrally involved in the policy of separating undocumented immigrant families at the southern border.
“To the great and brave men and women of ICE,” Trump tweeted, “do not worry or lose your spirit. You are doing a fantastic job of keeping us safe by eradicating the worst criminal elements. So brave! The radical left Dems want you out. Next it will be all police. Zero chance, It will never happen!”
Trump’s hardline immigration policy, repeated at large, campaign-style rallies, is a central pillar of his appeal to his supporters ahead of November’s midterm elections.
It is also key to motivating opposition to the president and his party. As large parts of the US sweltered under a heatwave on Saturday, organisers told the Guardian they expected more than 750 protests to be staged across the country.
Thousands were expected in Washington DC, where this week almost 600 activists – the actor Susan Sarandon among them – were arrested at a Senate office building.
Crowds duly gathered in Lafayette Square park, across from the White House, although the Families Belong Together march was off to a slow start. Organised by MoveOn, the American Civil Liberties Union and dozens of other advocacy groups, the event was due to feature star speakers Lin-Manuel Miranda, Alicia Keys and America Ferrera.
John Holland of Takoma Park, Maryland, the de facto hippie suburb of Washington, was among a group of Buddhist-affiliated protesters who held hands, sang and played a Tibetan singing bowl as an early speaker described the “amazing effect it can have on everyone if we move slowly”. Asked why he had decided to brave the 95F (35C) heat, Holland quipped: “Peer pressure.”
Like many present, he had also attended the Women’s March on the National Mall in January 2017. The capital has turned into a site of major anti-Trump protest, including the March for Science last year and more recently a student-led pro-gun control effort, the March for Our Lives.
Trump was not in the White House on Saturday, having travelled to his golf club in Bedminster, New Jersey. He was expected to begin interviewing candidates to replace Anthony Kennedy, the supreme court justice who announced his retirement this week.
The protests against Trump were also due to focus on that supreme court pick, which is expected to turn the court sharply to the right, placing in jeopardy rulings such as Roe v Wade, the 1973 opinion which guarantees the right to abortion. This week, the court upheld Trump’s travel ban against Muslim-majority countries and handed down a ruling that dealt a heavy blow to unionised labour.
Shortly after his election, Trump said the right to same-sex marriage was “settled” but said he would appoint “pro-life” justices who would send abortion law “back to the states”. On Air Force One on Friday, the president said Roe v Wade and LGBT rights would not be discussed with candidates to replace Kennedy. He is, however, working from a list of possible judges vetted by conservative groups.
He confirmed on Saturday that he will announce his pick on 9 July.
“This is an all hands on deck, stop the madness moment,” national protest organiser Ai-jen Poo told the Guardian. “It’s not a red or blue thing … what you are seeing is the downright refusal to accept this administration’s policies.”
The Women’s March organiser Linda Sarsour said she thought “news of the Kennedy retirement really shook people up” and said: “This administration is not to be trusted.”
On Saturday, protests were also held in other countries. In London, dozens of Americans gathered outside the new US embassy. More than 50 demonstrators, including children, held banners and placards. Children held a string of a paper figures while a placard signed by Dakata, aged five, read: “We care, we care, we care”.
Separated migrant families held in cages at Texas border – video
Earlier this month, Trump signed an executive order stopping the separations policy, after intense public outcry over images and recordings of unaccompanied children held in cages at federal facilities.
But the order was unclear and the administration has been criticised for its lack of a plan to reunite the more than 2,300 children who were separated with their parents. The Trump administration is now claiming the right to detain immigrant families indefinitely, sidestepping a 1997 court settlement that limits how long children can be held.
Around 2,000 children brought across the Mexican border without documentation are still in government custody.
In Lafayette Square on Saturday, Kate Earle of Maryland held a “Make The Handmaid’s Tale Fiction Again” sign. She told the Guardian “reunification of families is a start but locking them up together is not a solution”.
Pressure on Ice has also come from within. Nineteen senior agents this week sent an open letter to Kirstjen Nielsen, Trump’s homeland security secretary, saying it should be disbanded.
The investigators said Trump’s immigration crackdown was interfering with the agency’s work against transnational criminal groups, and suggested Ice be split into two organisations.
Trump’s reference to “radical left Dems” may have been inspired by the victory in a New York Democratic primary this week of Alexandria Ocasio-Cortez, a 28-year-old who defeated Joe Crowley, a senior House figure, and will stand for election to Congress in November.
Ocasio-Cortez describes herself as a democratic socialist and campaigned on a platform that included the abolition of Ice. The president remains unmoved.
“The Democrats are making a strong push to abolish ICE,” Trump wrote on Saturday, “one of the smartest, toughest and most spirited law enforcement groups of men and women that I have ever seen. I have watched ICE liberate towns from the grasp of [the gang] MS-13 & clean out the toughest of situations. They are great!”

Where are Markets heading? Follow gold, oil and the dollar I Gerald Celente Video Original Released 6 / 27/ 2018.

Prankster Calls the President, and the White House Puts Him Right Through I Politics I NYT.


Prankster Calls the President, and the White House Puts Him Right Through

President Trump boarding Air Force One on Friday at Joint Base Andrews near Washington.CreditAl Drago for The New York Times
The president of the United States, one of the most protected people on the planet and among the least accessible to the public, would seem to be a long-shot target for a prank caller looking to have some fun.
But President Trump, who likes to field his own telephone calls and prefers spontaneity to protocol, is a different breed. So on Wednesday, when a radio shock jock and comedian dialed the White House switchboard impersonating a United States senator’s aide, he found himself — in between barely suppressed giggles and off-color jokes with his producer — patched through to Mr. Trump on Air Force One.
The result was an impromptu six-minute conversation on immigration and the Supreme Court between the president and the radio host and comedian John Melendez, known to his listeners as “Stuttering John.”
“Are you ready for the call?” a White House mobile communications officer asked Mr. Melendez before connecting him with Mr. Trump. He was. The question came mere minutes after Mr. Melendez and his producer could be heard on his podcast discussing what they said were the president’s masturbation habits and whether to refill their beers while they waited to be connected to the leader of the free world.
As far as Mr. Trump knew, he was taking a call from Senator Robert Menendez, Democrat of New Jersey, who seemed to have an urgent legislative matter he wanted to raise.
“Congratulations on everything — we’re proud of you,” Mr. Trump said by way of a greeting, apparently alluding to the real Mr. Menendez’s recent acquittal on corruption charges and a subsequent decision by the Justice Department not to pursue additional ones. “You went through a tough, tough situation, and I don’t think a very fair situation.”
He was actually speaking with Mr. Melendez, who had called the White House switchboard, affected a British accent and identified himself as Sean Moore (“S-E-A-N, as in Sean Connery, and Moore, as in Roger Moore”), an aide to Mr. Menendez who, he claimed, badly needed to speak to Mr. Trump.
White House officials did not respond on Friday to requests for comment on how the prankster had been allowed to get through to the president. But Mr. Melendez’s profanity-laced podcast indicates that the process was surprisingly easy.
The White House operator can be heard telling Mr. Melendez that the president was in Fargo, N.D., and unreachable. But when Mr. Melendez insisted that Mr. Trump had said he would speak to Mr. Menendez, the operator, somewhat reluctantly, said she would try to connect him.
“I don’t know how I’m going to do this,” the operator said with a heavy sigh. She suggested she would contact Mr. Trump’s assistant, but then decided to try to transmit the call “through signal,” a reference to the White House Communications Agency, originally known as the White House Signal Corps, which provides emergency mobile communications for the president wherever he goes.
The next audible voice is the signal officer, who can be heard telling Mr. Melendez that the president was onstage at his rally in Fargo, and would have to call back.
When he was a private citizen, Mr. Trump frequently called in to the shock jock Howard Stern’s bawdy radio program — the same one that made Stuttering John, Mr. Stern’s sidekick on the show for more than 15 years, famous — and engaged in salty banter. But Mr. Melendez was plainly shocked at the president’s willingness to take his call in this case.
“I don’t even think they’re going to call me,” Mr. Melendez told his producer at one point, as he as he waited for the call from Mr. Trump.
The White House operator did call Mr. Melendez back at one point to verify that he was who he said he was, asking whether he was calling from a cellphone and why it appeared to be from a California area code. Posing as Mr. Moore, the senator’s aide, Mr. Melendez said he was on vacation.
Later, Mr. Melendez said that he received a call from Jared Kushner, the president’s son-in-law and senior adviser, arranging a callback time for him and the president and asking what topic he would like to raise with Mr. Trump.
When a mobile communications officer did call back and put Mr. Trump on the line, Mr. Melendez played the part of the senator, although his voice sounded nothing like Mr. Menendez’s. But he barreled forward as he engaged Mr. Trump in a discussion about what he should say to his constituents in New Jersey about the Trump administration’s immigration policies that have led to migrant families being separated at the southwestern border.
“What could I tell them that you’re going to do in moving forward?” Mr. Melendez asked.
Mr. Trump responded, as he has before, that he would like to pass a broad immigration bill, which he said would be good for both parties.
“I’d like to do the larger solution, rather than the smaller solution,” Mr. Trump said. “We have to have security at the border — we have to have that.”
Mr. Melendez then raised the retirement of Justice Anthony M. Kennedy from the Supreme Court, and asked whether Mr. Trump would consider naming a moderate rather that a conservative.
“I have a big list of people, Bob, and we’re going to take a look at it,” Mr. Trump replied, adding that he hoped to make a selection in 12 to 14 days. On Friday, he confirmed that timetable publicly and told reporters to expect an announcement on July 9.
The prank did not become public until Thursday afternoon, after Mr. Melendez posted the news on Twitter. “Tune into my new Podcast where I prank call the President & he calls me from Air Force One!” Mr. Melendez wrote. A short time later he tweeted out the audio. Neither tweet got much traction at first, which frustrated Mr. Melendez.
“I find it astounding that the news media’s not picking up the fact that I totally duped the President & got in touch” with him “in less than 2 hours while he was on Air Force One,” Mr. Melendez wrote Thursday night.
The Daily Mail finally noticed on Friday, followed quickly by BuzzFeed News, and soon enough the story had generated a chyron on CNN: “Who’s Calling?”
A version of this article appears in print on
, on Page
of the New York edition
with the headline:
‘Prank Caller For President’; ‘Hold, I’ll Put You Through’

Jun 29, 2018

US Treasurys lower as investors monitor ongoing global trade concerns I Bonds I CNBC


US Treasurys lower as investors monitor ongoing global trade concerns

Sam Meredith

Market focus is largely attuned to concerns over global trade, a week before initial U.S. and Chinese tariffs are due to take effect. President Donald Trump’s administration is set to activate tariffs on Chinese goods worth around $34 billion on July 6, which is then widely expected to trigger a tit-for-tat response from Beijing.
Treasury yields have been mostly rangebound this week as investors digest mixed messages on trade.
On Wednesday, a Trump administration official stated that the government would rely on the U.S. Committee on Foreign Investment to take care of matters concerning foreign purchase of domestic technologies that are deemed sensitive. Reports earlier in the week suggested that the White House would more actively restrict investment in technology firms by Chinese companies.
"There have been conflicting messages from global financial markets, underscoring the uncertain investment landscape," strategists at MRB Research said in a note. "Still, the risk-off phase is likely to persist until the heated trade rhetoric eases and protectionist actions stop."
Treasury investors also looked ahead to next week, as the Labor Department gets set to release the latest jobs report.
Personal income rose 0.4 percent in May, in line with expectations. Other data scheduled for release Friday include a final reading of consumer sentiment data for June due later in the session.

Oil hits new multi-year high as market tightens on lost supply I Oil Prices I CNBC


Oil hits new multi-year high as market tightens on lost supply


Oil prices rose on Friday as U.S. sanctions against Iran threatened to remove a substantial volume of crude from world markets at a time of rising global demand.
U.S. West Texas Intermediate (WTI) crude ended Friday's session up 70 cents, or 1 percent, at $74.15, its best closing price since Nov. 24, 2014. WTI hit a session peak of $74.46, also its highest level since November 2014.
Brent crude rose $1.59, or 2 percent, to $79.44, just shy of a 3½-year closing price.
"All the potential shortfalls could outstrip the production increase agreed to by OPEC and Russia," said Dominick Chirichella, Director of Risk Management at EMI DTN. There's a risk that supplies from Iran could be cut further as there's pressure on other countries to join the United States in sanctions, he said.
Iran is the fifth-largest oil producer in the world, pumping about 4.7 million barrels per day (bpd), or almost 5 percent of world's oil, much of it to China and other energy-hungry nations such as India.
The U.S. government wants to stop Tehran exporting oil to cut off a vital supply of finance and hopes other big oil producers in the Organization of the Petroleum Exporting Countries and Russia will make up for the deficit.
But the world oil market is already tight and many analysts and big investors think strict enforcement of U.S. sanctions against Iran will push up prices sharply.
But the world oil market is already tight with unplanned disruptions in Canada, Libya and Venezuela removing supply.
Many analysts and investors think strict enforcement of U.S. sanctions against Iran will push up prices sharply.
"It is becoming increasingly clear that Saudi Arabia and Russia will struggle to compensate for potential losses in oil production from the likes of Venezuela, Iran and Libya," said Abhishek Kumar, analyst at Interfax Energy in London.
Vienna-based consultancy JBC Energy said the stronger the implementation and enforcement of U.S. sanctions, the higher the oil price will go. "Triple-digit oil prices are not off the table," JBC said.
A Reuters survey of 35 economists and analysts on Friday forecast Brent would average $72.58 a barrel in 2018, 90 cents higher than the $71.68 forecast in last month's poll and compared with the $71.15 average so far this year.
North American oil stocks have fallen as an outage at Canada's Syncrude has locked in more than 300,000 bpd of production. The outage is expected to last at least through July, according to operator Suncor Energy.
Outside North America, record demand and voluntary supply cuts led by OPEC have pushed up prices. Unplanned supply disruptions from Libya to Venezuela have further tightened the market.
Libya's National Oil Corporation (NOC) said on Friday it expects to declare force majeure on loadings from the eastern ports of Zueitina and Hariga from July 1, raising losses in output from a power struggle over oil exports to 800,000 bpd
OPEC and Russia have said they will raise output to meet demand and replace crude from unplanned disruptions but many analysts think that the extra supply may be inadequate.
Major buyers of Iranian oil, including Japan, India and South Korea, have indicated that they may stop importing Iranian crude if U.S. sanctions are imposed.
Until then, however, Asia is buying as much Iranian oil as possible. Imports of Iranian crude oil by major buyers in Asia rose in May to the highest in eight months. China, India, Japan and South Korea last month imported 1.8 million bpd from Iran, up 15 percent from a year ago.
— CNBC's Tom DiChristopher contributed to this report.

U.S. Stock Market at Close Report I CNBC


Dow opens more than 100 points higher as banks and Nike shares rise

Fred Imbert, Sam Meredith

Stocks jumped on Friday, the last trading day of the first half of the year, as Nike and bank shares. Equities were still headed for weekly losses, however, as the underlying market sentiment was soured by anxiety over global trade frictions.
The Dow Jones Industrial Average rose 257 points, with Nike outperforming. The S&P 500 gained 0.8 percent as financials jumped 1 percent. The Nasdaq composite advanced 0.7 percent.
Nike shares jumped more than 11 percent and reached an all-time high after the company reported quarterly earnings and revenue that beat expectations.
Bank shares moved higher after announcing buybacks and dividend hikes following the Federal Reserve's annual stress test. Citigroup and J.P. Morgan Chase rose 1.3 percent and 0.7 percent, respectively. Wells Fargo surged more than 5.5 percent. The SPDR S&P Bank exchange-traded fund (KBE) rose 0.7 percent.
Traders work on the floor of the New York Stock Exchange on January 5, 2017, in New York City. Getty Images
Traders work on the floor of the New York Stock Exchange on January 5, 2017, in New York City.
The first half of the year was fraught with volatility on Wall Street. The major indexes reached all-time highs in late January before concerns over rising interest rates knocked stocks off those levels. Equities recovered their footing following a strong earnings season and continuously strong economic data. But volatility returned to the market as President Donald Trump ratcheted up trade tensions between the U.S. and some its key partners.
“We’re clearly in a sideways market,” said Arian Vojdani, investment strategist at MV Financial. “The narrative — aside from strong economic data and good earnings — is not good.”
“Investors are sort of holding their cards to the chest because they want to see how this (trade spat) turns out,” Vojdani said.
The S&P 500 is up 2.3 percent this year, while the Dow is down 1.1 percent. Meanwhile, the Nasdaq composite and the small-caps Russell 2000 have outperformed with gains of 9.3 percent and 7.5 percent. All four indexes rose on Friday, setting them up to end the first half on a high note.

But despite the gains, stocks indexes were on track to close lower for the week as initial U.S. and Chinese tariffs are due to take effect next week.The Nasdaq is down more than 1.5 percent for the week, while the Dow and S&P 500 have fallen at least 0.3 percent. The Russell 2000, meanwhile has dropped 2 percent.
The Trump administration is set to activate tariffs on Chinese goods worth around $34 billion on July 6, which is then widely expected to trigger a tit-for-tat response from Beijing. Trump has also alienated Canada, by levying tariffs on its steel and aluminum imports. Canada announced retaliatory tariffs on Friday that target $12.6 billion in U.S. goods.
Axios reported on Friday, citing sources, that Trump has repeatedly told top White House officials that he wants the U.S. to withdraw from the World Trade Organization.
The ongoing trade spat between the U.S. and China has sent market volatility higher this week, with the Cboe volatility index (VIX), surging 14 percent.
"For the stock market, the rest of the year could be quite exciting, in both a positive and a negative sense," said Brad McMillan, chief investment officer at Commonwealth Financial Network. "I expect the U.S. equity markets to end the year with moderate appreciation from levels at the end of December—around 3,000 for the S&P 500 as a base case."
"In the nearer term, the Trump administration’s trade policies have the potential both to disrupt supply chains and increase costs, which would certainly affect financial markets," said McMillan.
— CNBC’s Thomas Franck contributed to this report.

Trump's money-making power as unprecedented as his words I The Harwood File I CNBC


Trump's money-making power as unprecedented as his words

John Harwood

What comes out of Donald Trump’s mouth is, for a president of the United States, unprecedented.
So is what goes into his wallet.
In their recent financial disclosure forms, Donald Trump, Ivanka Trump and Jared Kushner reported more than $500 million in income.
That income came from their hotels, golf courses, clubs and merchandise sales. It came from long-established businesses and newly formed ones.
No modern president has profited this way during his time in office.
Predecessors like Ronald Reagan, Bill Clinton and George W. Bush put their assets in blind trusts to avoid conflicts between their financial interests and the public interest. Trump did not.
He announced in January 2017 that he would step away from his businesses by putting his sons Donald Jr. and Eric in charge of them. But he stepped away only from their management, not their profits.
As president, Trump has promoted those businesses with his presence relentlessly. During his first 514 days in office, he visited Trump properties on 159 of them.
At least two American embassies abroad have promoted Mar-a-Lago, the president’s private club, on their websites. A national park in Virginia has offered Trump wine for sale.
Trump aide Kellyanne Conway publicly urged Americans to buy Ivanka Trump’s products in a television appearance on Fox News. Explaining the popularity of Trump’s Washington hotel, Conway told Politico that customers “look at it as a piece of the president.”
As demand rose, the Trump organization raised prices.
Mar-a-Lago, which Trump calls the “Winter White House,” doubled its membership fee to $200,000. Trump International Hotel, whose managers market it as a destination for diplomats, raised room rates almost 60 percent.

Many benefit from Trump's decisions

President Donald Trump walks along the West Wing colonnade with his daughter Ivanka Trump and his son-in-law Jared Kushner. Getty Images
President Donald Trump walks along the West Wing colonnade with his daughter Ivanka Trump and his son-in-law Jared Kushner.
Many who could benefit from Trump’s decisions are happy to pay. That includes representatives of countries of Saudi Arabia, Turkey, Kuwait and Georgia. It includes lobbyists and executives from industries such as oil, high-tech, real estate and mining.
In amounts large and small, Trump takes in money from political allies, and from the government he leads.
The Republican National Committee rents space in Trump Tower. So does the Pentagon. So does China’s largest bank.
The government of Qatar this spring paid $6.5 million for an apartment in Trump World Tower — joining the governments of Saudi Arabia, India and Afghanistan there.
Trump businesses overseas have gotten foreign government help, too.
China’s government is reportedly lending $500 million for a Trump-linked development project in Indonesia. China has also approved dozens of trademarks for Trump family businesses since he won the presidency.
The White House notes that Congress has exempted presidents from conflict-of-interest statutes. But his ability to profit is not unlimited.
In two “emoluments clauses,” the Constitution forbids the president from taking money from individual states or from foreign governments.
Responding to those restrictions, the Trump organization has pledged to donate profits derived from foreign entities to the U.S. Treasury. In 2017, that donation was $151,000 — less than one-half of 1 percent of the $40 million in hotel income the president reported.
A federal lawsuit filed by Democratic members of Congress and one filed by the governments of Maryland, Virginia and the District of Columbia accuse the president of violating the emoluments clauses.
While those cases await trial, the power of the presidency remains a major financial asset for Trump.
“The stars have all aligned,” Eric Trump said last year. “I think our brand is hotter than it’s ever been.”

Gold on track for worst month since Nov. 2016 I Gold Price I CNBC


Gold on track for worst month since Nov. 2016


gold bars.jpg AP
Gold prices recovered on Friday from six-month lows as speculators took profits amid a weaker dollar, but some analysts warned that more losses were likely.
Spot gold added 0.45 percent to $1,253.55 an ounce. On Thursday, it touched $1,245.32, its lowest since Dec. 13, 2017. U.S. gold futures for August delivery settled up $3.50 at $1,254.50.
"We're receiving only a couple of dollars bounce on the back of a pretty decent weakening of the dollar, so gold's not showing any signs of strength," said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. "The shorts are still in control and the momentum is negative. The dollar and U.S. treasuries have taken over the role of safe haven this month and as long as the trade war is creating uncertainty then that will probably prevail."
Gold was on track for a third straight weekly decline, having slipped 1.4 percent so far this week. Spot gold was down about 3.6 percent for the month, heading for its biggest monthly drop since November 2016.
The euro jumped more than a half cent after European Union leaders reached an agreement on migration. A stronger euro potentially boosts demand for gold by making dollar-priced bullion cheaper for European investors.
The dollar index against a basket of six major currencies slipped 0.8 percent, having risen to about a one-year high on Thursday.
"There is feeling in some quarters that we may be nearing the bottom of this recent downturn (in gold)," MKS PAMP Group trader Tim Brown wrote in a note.
Support-wise, gold appears fairly well bid around $1,245-$1,248 and there should be support at $1,237 and below that, Brown said.
Hansen said the downtrend would likely accelerate unless gold held above multiple layers of support slightly below $1,240. "If that area breaks, the shorts and momentum sellers will have a field day."
In other precious metals, silver gained 1 percent to $16.12. It was heading for its biggest weekly decline since the week ended April 27, down 2 percent for the week. Palladium rose 0.86 percent to $952.80.
Platinum was up 0.68 percent at $853.30. It hit its lowest since January 2016 at $837.30 earlier in the session. It was down 9 percent for the quarter, its worst since the quarter ended December 2016.

SEC Charges Microcap Issuer and Individuals with Unregistered Offers and Sales and Disclosure Fraud I SEC


SEC Charges Microcap Issuer and Individuals with Unregistered Offers and Sales and Disclosure Fraud

Litigation Release No. 24180 / June 29, 2018

Securities and Exchange Commission v. Curative Biosciences, Inc. f/k/a Healthient, Inc., William M. Alverson, Katherine West Alverson, and Steven G. Patton, Civil Action No. 8:18-cv-00925-SVW-E (C.D. Cal.)

On June 8, 2018, the Securities and Exchange Commission filed an amended complaint charging Curative Biosciences, Inc. f/k/a Healthient, Inc. and corporate insiders with fraudulently misrepresenting that the company had issued company shares to third parties in purported compensation for services and in discharge of company debt when, in fact, the company issued the shares for capital raising purposes in violation of the offering registration requirements.
The SEC's complaint, filed in the U.S. District Court for the Central District of California, charges the company, the then Chairman of the board of directors, William M. Alverson, his wife, Katherine West Alverson, who was then a director and the company CEO and President, and business associate, Steven G. Patton, with violating Sections 5(a) and 5(c) of the Securities Act of 1933 and the company, Alverson, and West with violating Section 10(b) of the Securities Exchange Act of 1934 and Exchange Act Rule 10b-5(b) thereunder. The complaint further alleges that Alverson and West are liable for the company's violations in their capacity as control persons and as aiders and abettors, and that Patton is liable as an aider and abettor of the company's, Alverson's, and West's violations of Section 5(a) and 5(c). West is named as a defendant and, in the alternative, relief defendant. Two private entities controlled by Alverson and/or West, Northeast Capital Group, LLC and Panacea Holdings Inc., are named as relief defendants. The complaint seeks permanent injunctions against the defendants; disgorgement plus prejudgment interest from the defendants and relief defendants; civil money penalties against the company, Alverson, and West; penny stock bars against the individual defendants; and officer-and-director bars against Alverson and West.
Without admitting or denying the SEC's allegations, Patton consented to the entry of a final judgment, entered by the court on June 19, 2018, that permanently enjoins him from future violations of Securities Act Section 5, bars him from participating in any future penny stock offerings, and orders him to pay disgorgement of $32,203.95 with prejudgment interest of $5,407.95.

" Shut Up Now" Jim Jordan As He SMACKS DOWN Rosenstein I Anonymous Video

Securities and Exchange Commission v. Donato J. Dandreo III, Civil Action No. 1:18-cv-11366 (D. Mass.) I Sec Litigation Release


Donato J. Dandreo III (Release No. LR-24177; Jun. 29, 2018)

Litigation Release No. 24177 / June 29, 2018

Securities and Exchange Commission v. Donato J. Dandreo III, Civil Action No. 1:18-cv-11366 (D. Mass.)

On June 29, 2018, the Securities and Exchange Commission charged a Massachusetts real-estate developer with making several false statements in his attempts to raise funds from potential investors.
The SEC's complaint, filed in the United States District Court for the District of Massachusetts, alleges that, from 2016-2017, Donato J. Dandreo made several misrepresentations to potential investors in his attempts to finance construction of residential homes through his real-estate development company Bounty Homes Corporation. The SEC's complaint alleges that Dandreo used an internet investment platform to attempt to raise funds. The complaint also alleges that in an attempt to convey the appearance of being a successful fundraiser, Dandreo claimed that Bounty Homes was an "opportunistic real estate investment company" and had "expert first-hand experience at every phase of the investment cycle." The complaint further alleges that Dandreo claimed to have raised almost $1.5 million from investors, despite having raised no money at all.
Without admitting or denying the SEC's allegations, Dandreo has agreed to the entry of a final judgment that enjoins him from future violations of Section 17(a)(3) of the Securities Act of 1933 and orders him to pay a civil penalty of $9,239. The settlement is subject to court approval.
The SEC's case was handled by David H. London, Susan Cooke Anderson, John McCann, and Michele Perillo of the SEC's Boston Office.

Daily Treasury Yield Curve Rates I Treasury


Daily Treasury Yield Curve Rates

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Date1 mo3 mo6 mo1 yr2 yr3 yr5 yr7 yr10 yr20 yr30 yr
Thursday Jun 28, 2018
* 30-year Treasury constant maturity series was discontinued on February 18, 2002 and reintroduced on February 9, 2006. From February 18, 2002 to February 8, 2006, Treasury published alternatives to a 30-year rate. See Long-Term Average Rate for more information.
Treasury discontinued the 20-year constant maturity series at the end of calendar year 1986 and reinstated that series on October 1, 1993. As a result, there are no 20-year rates available for the time period January 1, 1987 through September 30, 1993.
Treasury Yield Curve Rates. These rates are commonly referred to as "Constant Maturity Treasury" rates, or CMTs. Yields are interpolated by the Treasury from the daily yield curve. This curve, which relates the yield on a security to its time to maturity is based on the closing market bid yields on actively traded Treasury securities in the over-the-counter market. These market yields are calculated from composites of quotations obtained by the Federal Reserve Bank of New York. The yield values are read from the yield curve at fixed maturities, currently 1, 3 and 6 months and 1, 2, 3, 5, 7, 10, 20, and 30 years. This method provides a yield for a 10 year maturity, for example, even if no outstanding security has exactly 10 years remaining to maturity.
Treasury Yield Curve Methodology. The Treasury yield curve is estimated daily using a cubic spline model. Inputs to the model are primarily bid-side yields for on-the-run Treasury securities. See our Treasury Yield Curve Methodology page for details.
Negative Yields and Nominal Constant Maturity Treasury Series Rates (CMTs). Current financial market conditions, in conjunction with extraordinary low levels of interest rates, have resulted in negative yields for some Treasury securities trading in the secondary market. Negative yields for Treasury securities most often reflect highly technical factors in Treasury markets related to the cash and repurchase agreement markets, and are at times unrelated to the time value of money.
As such, Treasury will restrict the use of negative input yields for securities used in deriving interest rates for the Treasury nominal Constant Maturity Treasury series (CMTs). Any CMT input points with negative yields will be reset to zero percent prior to use as inputs in the CMT derivation. This decision is consistent with Treasury not accepting negative yields in Treasury nominal security auctions.
In addition, given that CMTs are used in many statutorily and regulatory determined loan and credit programs as well as for setting interest rates on non-marketable government securities, establishing a floor of zero more accurately reflects borrowing costs related to various programs.
For more information regarding these statistics contact the Office of Debt Management by email at debt.management@do.treas.gov.

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