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uncledad

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Member since: Tue May 13, 2014, 06:50 PM
Number of posts: 5,427

Journal Archives

State AGs Unveil Sweeping Anti-Trust Probe Against Google

In the latest legal push that could ultimately result in the break-up of one of the world's largest tech firms, a bipartisan group of more than 40 state attorneys general, led by Texas's Ken Paxton, will unveil a sweeping anti-trust investigation against Google parent Alphabet Inc.

The anti-trust investigation, which was previewed late last week in a leak to the Wall Street Journal, aims to hold Alphabet accountable for the extreme concentration in the US technology industry. Specifically, the AG's case will focus on Google's influence in search and the digital advertising market, and whether the Silicon Valley giant's overweening influence harms rivals and consumers.

Nearly all of the states are participating in the investigation against Google, and/or a similar anti-trust investigation against Facebook. One notable exception: California isn't participating in either suit

https://www.zerohedge.com/news/2019-09-09/state-ags-unveil-sweeping-anti-trust-probe-against-google-steps-supreme-court

DOW 26797 for Fri. 9-6-19

Previous close 26727. 52 wk high 27398. 52 wk low 21712. Today's low 26708. High 26860.

NASDAQ : 8103 ▼

S&P : 2978 ▲

Soybeans : 8.46 ▼

Oil WTI : 56.57 ▲

Enjoy the weekend everybody.

How Unregulated Finance is Killing Democracy





Davis is the third House Democrat to decide against reelection this cycle

California Rep. Susan A. Davis announced Wednesday that she is not running for reelection, opening up a safe Democratic seat in San Diego.

Davis, who was first elected in 2000, is the third House Democrat to retire so far this cycle.

https://www.rollcall.com/news/campaigns/california-democratic-rep-susan-davis-announces-retirement

Congressman becomes 12th House Republican to retire this year

Wisconsin Republican Rep. Jim Sensenbrenner announced Wednesday that he will not run for reelection next year, according to multiple local media reports.

The longtime lawmaker’s exit means the Badger State is losing its most senior member, and the second-most-senior Republican in the House. He is also the second Wisconsin Republican to announce he is leaving Congress after Rep. Sean P. Duffy said last month that he would be resigning on Sept. 23.

https://www.rollcall.com/news/campaigns/longtime-wisconsin-gop-rep-jim-sensenbrenner-not-running-for-reelection

DOW 26727

Previous close 26355. 52wk high 27398. 52 wk low 21712. Today's low 26603. High 26836.

NASDAQ : 8116 ▲

S&P : 29765 ▲

Soybeans : 8.50 ▼

Oil WTI 56.21

DOW 26355

Previous close 26120. 52 wk high 27398. 52 wk low 21712. Today's low 26244. High 26362.

NASDAQ : 7976 ▲

S&P : 2937 ▲

Soybeans : 8.64 ▲

Oil WTI : 56.38 ▲

Improving.

DOW 26120

Previous close 26403. 52 wk high 27398. 52 wk low 21712. Today's low 25978. High 26198.

NASDAQ : 7874 ▼

S&P : 2906 ▼

Soybeans : 8.55 ▼

Oil WTI : 54.01 ▼

Hello farmers...

Among the higher Chinese duties that took effect Sept. 1 include an extra 10% on American pork, beef, and chicken, and various other agricultural goods, while soybeans will get hit with an extra 5% tariff on top of the existing 25%.

Starting in mid-December, American wheat, sorghum, and cotton will also get a further 10% tariff. While China imposed a new 5% levy on U.S. crude oil starting from September, there was no new tariff on liquefied natural gas.

https://www.zerohedge.com/news/2019-09-01/us-slaps-new-tariffs-china-one-minute-later-china-retaliates

And speaking of economic impact, the Congressional Budget Office has projected that by 2020, Trump’s tariffs and trade war will reduce the level of real U.S. GDP by about 0.3% and reduce average real household income by $580. Separately,

JPMorgan has estimated that the latest round of tariffs will increase the average cost per U.S. household to $1,000 a year - up from $600 for duties enacted last year. That estimate is in the low range because it was based on a duty rate of 10%, before Trump increased it to 15%.

DOW 26403.

Previous close 26362. 52 wk high 27398. 52 wk low 21712. Today's low 26295. High 26514.

Last Friday's close 25628 for 8- 23- 19

NASDAQ : 7962 ▼

S&P : 2926

Soybeans : 8.58 ▲

Enjoy the Labor day weekend every body.
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