Showing posts from 2019

From The Desk of Fernando Guzmán Cavero

                                                            Dear Friends Wish you Peace in your hearts in this coming of Nativity and that your objectives be reality in 2020. See you on January the 2nd, 2020.                                                                              All the Best                                                                      Fernando Guzmán Cavero/.                                           

The FTC Alleges Post Holdings, Inc.’s Proposed Acquisition of TreeHouse Foods, Inc.’s Private Label Ready-to-Eat Cereal Business Will Harm Competition

3-4 minutes - Source: FTC Today the Federal Trade Commission filed an administrative complaint (a public version of which will be available and linked to this news release as soon as possible) challenging Post Holdings, Inc.’s proposed $110 million acquisition of TreeHouse Foods, Inc.’s private label ready-to-eat cereal business. Post and TreeHouse are two of only three significant manufacturers and distributors of private label ready-to-eat cereal in the United States. The acquisition would give Post more than a 60 percent share of an already highly concentrated market and eliminate the vigorous competition between them to serve grocers across the country. The proposed merger would remove the competitive pressure that has driven higher quality and lower priced cereals for American families. Ready-to-eat cereals are a staple of American breakfasts. These cereals do not require any preparation before consumption. Nearly every grocer offers a selection of ready-to

Putin echoes Trump impeachment criticism, says reasons have been 'completely fabricated'

David Reid 3-4 minutes - Source: CNBC A screen shows Russia’s President Vladimir Putin during the 15th annual end-of-year news conference at the World Trade Centre in Moscow. Valery Sharifulin Russian President Vladimir Putin said Thursday he expects President Donald Trump to survive impeachment proceedings and that the legal move against him was a Democratic Party trying to get results “using other methods and means.” Late Wednesday, Trump became only the third president in history to be impeached by the House of Representatives. In a largely party-line vote, the House impeached Trump for abuse of power and obstruction of Congress over his attempt to pressure Ukraine’s president into opening up investigations into his political rivals, including former Vice President Joe Biden, a leading contender to face Trump in the November election. This sets up a trial in the Senate that will decide whether Trump remains in office

Joe Biden picks up support from influential Wall Street fundraisers Marc Lasry and Blair Effron, who backed Obama and Clinton

Brian Schwartz 4minutes - Source: CNBC U.S. Democratic presidential candidate and former U.S. Vice President Joe Biden. Steve Marcus | Reuters Joe Biden’s fundraising network is about to get a big boost just in time for 2020. Marc Lasry and Blair Effron, two of the most influential and prolific Wall Street Democratic fundraisers, are lining up behind the former vice president in the presidential primary race now that Sen. Kamala Harris has dropped out. Lasry, a longtime investor and a part owner of the NBA’s Milwaukee Bucks, is opening up his donor network to Biden just weeks after Harris withdrew from the Democratic primary for president, according to people with direct knowledge of the matter . Effron, who is the co-founder of investment firm Centerview Partners, has also indicated to allies that he is going to put his fundraising connections to help Biden, these people added. Lasry and Effron were members of Harris’ fina

Kitco News Video: Gerald Celente gives his 2020 financial forecast and it’s not pretty folks


U.S. International Transactions, Third Quarter 2019 | U.S. Bureau of Economic Analysis (BEA)

6-8 minutes - Source: BEA Current Account Deficit Narrows by 0.9 Percent in Third Quarter Current Account Balance The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, narrowed by $1.1 billion, or 0.9 percent, to $124.1 billion in the third quarter of 2019, according to statistics from the U.S. Bureau of Economic Analysis (BEA). The revised second quarter deficit was $125.2 billion. The third quarter deficit was 2.3 percent of current dollar gross domestic product, down less than 0.1 percent from the second quarter. The $1.1 billion narrowing of the current account deficit in the third quarter mainly reflected a reduced deficit on goods and an expanded surplus on primary income. Current Account Transactions (tables 1-5) Exports of goods and

House Impeachment Vote Is Unlikely to Sway Markets

10-13 minutos - Source: NYT Credit...Leah Millis/Reuters Dec. 19, 2019 Investors shrug off Trump impeachment Voting nearly along party lines, the House approved two articles of impeachment against President Trump, making him the third president in history to face removal by the Senate. But the stock market has been largely unfazed by the news of impeachment proceedings, and that is unlikely to change , reports MarketWatch. Investors are shrugging at the news because they don’t expect the Republican-controlled Senate to remove the president from office. Market participants have grown more comfortable with the expectation that Mr. Trump would be impeached but not convicted, according to an investor survey conducted by RBC Capital Markets. Obamacare insurance mandate is struck down A federal appeals court yesterday struck down the provision of the Affordable Care Act that requires Americans to have health insurance, saying it was

Bank of England Audio Was Leaked, Giving Some Traders an Edge

By Amie Tsang 4-5 minutes - Source: NYT Business |Bank of England Audio Was Leaked, Giving Some Traders an Edge The British central bank says a supplier, without authorization, provided sound from news conferences ahead of the video feed. The Bank of England said it was investigating how a third-party supplier had gotten early access to policymakers’ remarks since earlier this year. Credit...Hannah Mckay/Reuters Dec. 19, 2019 Updated 7:33 a.m. ET LONDON — The Bank of England said Thursday that an audio feed from its news conferences had been released to some investors before it had been made public, giving them a leg up on the rest of the market. The central bank said it was investigating how a third-party supplier had gotten early access to policymakers’ remarks since earlier this year. In the world of high-speed trading, just a few seconds’ lead time can offer some investors a trading advantage. The Financial Con

2019’s top cybersecurity story is still what Russia did in 2016

By Joseph Marks 11-14 minutes - Source: The Washington Post President Donald Trump, right, shakes hands with Russian President Vladimir Putin. (AP Photo/Susan Walsh) THE KEY The historic House vote to impeach President Trump last night also marked the most recent turn in a cybersecurity saga that’s gripped the nation since 2016 and consumed much of the past year. Russia’s hacking and disinformation operation in 2016 has occupied lawmakers, election officials and cybersecurity pros for three years now as they try to hold the Kremlin accountable and to prevent a repeat in 2020. It was also Trump’s obsession with poking holes in the official narrative about that operation – by urging Ukraine’s president to investigate a baseless conspiracy theory about Russia's Democratic National Committee hack and the cybersecurity firm CrowdStrike -- that helped spark an impeachment trial that promises to grip the nation for weeks to come. “This impeachment i

Omitted from debate stage, 2020 Democratic hopefuls seek limelight elsewhere

Ginger Gibson 3-4 minutes - Source: Reuters LOS ANGELES (Reuters) - Miles from where seven Democratic presidential hopefuls will take the debate stage on Thursday night in Los Angeles, Julian Castro on Wednesday walked the city’s Skid Row, the largest encampment of homeless people in the United States Democratic presidential candidate Julian Castro speaks with Chris Smith, a homeless man who lives in the nation's largest encampment of homeless people on Skid Row in Los Angeles, California, U.S. December 18, 2019. REUTERS/Ginger Gibson Castro, a former U.S. housing secretary, is among a handful of presidential candidates trying to find ways to stay in the conversation, after failing to meet the polling and donor requirements needed to qualify for Thursday night’s televised event. U.S. Senator Cory Booker, among the 15 Democrats vying to win the right to take on Republican President Donald Trump in November 2020, is launching a new television ad on

Stocks making the biggest moves premarket: Accenture, Conagra, Rite Aid, TiVo & more

Peter Schacknow 3-4 minutos - Source: CNBC Check out the companies making headlines before the bell: Accenture (ACN) – The consulting firm reported quarterly profit of $2.09 per share, 9 cents a share above estimates. Revenue also beat forecasts, and Accenture raised the lower end of its 2020 adjusted earnings forecast. Conagra Brands (CAG) – Conagra beat estimates by 6 cents a share, with adjusted quarterly earnings of 63 cents per share. Revenue topped estimates as well. The maker of food brands like Birds Eye, Healthy Choice, and Vlasic also raised the amount of cost synergies related to its 2018 acquisition of Pinnacle Foods. Darden Restaurants (DRI) – The parent of Olive Garden and other restaurant chains earned an adjusted $1.12 per share for its latest quarter, 5 cents a share above estimates. Revenue was slightly below forecasts. Sales at restaurants open at least a year rose 2%, in line with analysts’ forecasts. FactSet (FDS) – FactSet beat

Novartis plans to give away world's costliest therapy to some patients

John Miller 4minutes - Source: CNBC ZURICH (Reuters) - Novartis aims to give away 100 doses of its $2.1 million-per-patient Zolgensma for spinal muscular atrophy (SMA) in 2020 in a free-drug program that one patient group worried was a “health lottery” that could neglect some babies. FILE PHOTO: The company's logo is seen at the new cell and gene therapy factory of Swiss drugmaker Novartis in Stein, Switzerland, November 28, 2019. REUTERS/Arnd Wiegmann/File Photo Starting Jan. 2, Novartis’s AveXis unit which developed Zolgensma will allocate 50 doses of the world’s costliest single-dose treatment through June for babies under 2 years old, Novartis said on Thursday, with up to 100 total doses to be distributed through 2020. The program applies to countries where the medicine is not yet approved for the rare genetic disorder affecting 1 in 10,000 live births, but which can lead to death and profound physical disabilities.