Execs Sound off on Minimum Wage as Protests Heat Up @FoxBusiness
https://video.foxbusiness.com/v/4845780929001/white-castle-vp-15-minimum-wage-will-hurt-profits/?#sp=show-clips
Venture Capital’s Triumphant Return to a Buyer’s Market @FoxBusiness
http://www.foxbusiness.com/features/2016/04/14/venture-capital-s-triumphant-return-to-buyer-s-market.html
U.S. lawmakers target May 1 for Puerto Rico debt crisis bill
http://www.reuters.com/article/us-puertorico-debt-pelosi-idUSKCN0XB1ZW
Central banks cut the rates. Now they need borrowers
http://www.reuters.com/article/us-imf-g20-cenbank-analysis-idUSKCN0XB0AN
Required Reading
Strong quakes hit Japan, nuclear plants safe, dozens injured: media ‘Let them sell their summer homes’: New York City pension dumps hedge funds In London, Obama to wade into thorny Brexit debate U.S. lawmakers target May 1 for Puerto Rico debt crisis bill Microsoft sues U.S. government over data requests
Charts Of The Day: Remember, It’s The Reaction That Counts; Big Banks Rally on Lousy Numbers
Bank of America Corp. $BAC Blackrock, Inc: $BLK
There’s no bubbles!
SOURCE: http://www.cnbc.com/2016/04/14/miami-real-estate-is-melting-down.html
The Morning Look
Stock Market Overview: Futures are relatively quiet ahead of Thursday’s open as investors add to Tuesday and Wednesday’s strong rally. Gary’s Thoughts: We repeat from last night: JP Morgan…earnings down 14%, revs down 2%…remember what we told you about everyone already knowing and reporting earnings will be bad. We must also add Steve Wynn just bought more stock…73,000…
The Closing Look
Stocks rallied nicely on Wednesday helping the Dow Jones Industrial Average and benchmark S&P 500 jump above resistance of their latest range. Before the open, JP Morgan (JPM) reported earnings that beat greatly reduced estimates. Peabody Energy (BTU) filed for bankruptcy protection in the wake of a huge crash in coal prices. Overnight, China said exports beat…
IMF Warns of Possible ‘Spiral’ of Waning Growth, Escalating Debt
http://www.bloomberg.com/news/articles/2016-04-13/imf-warns-of-possible-spiral-of-waning-growth-escalating-debt