- Apple (AAPL) is splitting its stock four for one
- great for writing puts. Selling one $400 put will, after the split, only commit
$10,000 versus $40,000. Bezos, are you paying attention?
- Four out of the five members of the so-called
FAANG group – Facebook, Amazon, Apple Netflix and Google – posted
record-breaking earnings during the worst slump in a century.
- Millions of unemployed Americans are about to
lose $600 in additional weekly jobless benefits after the White House and
Congress failed to reach an agreement to extend the supplement.
- What are the expected economic effects if 30 million workers
have their financial lifeline cut off? Any guesses?
- In addition, lots of people are going to be “very”
disappointment if the much anticipated $1200 check is not forthcoming.
- Consumer spending rose 5.6% last month after a
record 8.5% jump in May as more businesses, that are now reclosing, had reopened.
The two month surge in job gain may have stopped in July..
- Bloomberg:
The dollar's reign as the world's reserve currency is under threat, Goldman
warned.
- Starbucks:
global same-store sales, fell 40% in Q3. However, customers while visiting
less, they're placing bigger orders.
- McDonald's
is selling a stake in its Japan business and is accelerating U.S. restaurant
closures it had planned earlier. Sales are also a bit on the weak side.
- (Reuters) - With nearly seven months gone, an
ambitious $36.5 billion target for Chinese imports of U.S. farm goods this year
may not be quite out of reach, but it’s looking like a big, big stretch.
- Cruising during worldwide pandemic: ICYMI: 4
crew members on Norway cruise ship hospitalized with COVID-19 after it arrived
at port of Tromsoe on Friday; operator Hurtigruten says all crew members
quarantined on ship and the 177 passengers, who had already disembarked, told
to self-isolate
- Kids under age 5 may carry a much higher coronavirus
viral load than older children and adults: study
- Banning TikTok? Trump may not realize how unpopular
this move will be with generally politically indifferent teenagers…
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