Tim Cook’s Failed Apple Pitch
http://www.bloomberg.com/gadfly/articles/2016-05-03/tim-cook-peddles-the-wrong-apple-message
Hyatt Hotels Corporation Finds Room for Higher Profits @FoxBusiness
http://www.foxbusiness.com/markets/2016/05/03/hyatt-hotels-corporation-finds-room-for-higher-profits.html
Steven Cohen: hedge fund crowding caused major February loss
http://www.reuters.com/article/us-hedgefunds-cohen-idUSKCN0XU037
Johnson & Johnson ordered to pay $55 mln in talc-powder trial
http://www.reuters.com/article/us-johnson-johnson-talc-verdict-idUSKCN0XT20L?il=0
Required Reading
Navy SEAL killed in ISIS attack in northern Iraq Islamic State breaches peshmerga defenses north of Mosul U.S. prosecutors consider more charges against ex-CEO Shkreli Rebels launch assault in Syria’s Aleppo, diplomats strain to revive truce Man hijacks Washington bus after attacking driver, person killed
The Closing Look
Stocks fell on Tuesday after more concerns emerged regarding the global economy. Overnight, China’s Caixin manufacturing PMI remained in contraction territory for a 14th-straight month. The index fell to 49.4 in April which is below the boom/bust level of 50 and below March’s reading of 49.7. In other news, more easy money came from Australia’s Central…
We had no idea Obamacare would cause huge problems! Bazinga!
SOURCE: https://www.zerohedge.com/news/2016-05-02/obamacare-unveil-price-shock-one-week-elections
When 5,000-1 longshot comes in!
SOURCE: http://www.cbssports.com/soccer/eye-on-soccer/25575807/bookies-lose-114-million-thanks-to-leicester-citys-premier-league-triumph
The Closing Look
Stocks rallied on Monday as investors digested the latest round of tepid economic and earnings data. Over the weekend, China’s official manufacturing PMI came in a t 50.1 last month, down from 50.2 in March. The services component came in at 53.5, compared with 53.8 in March. In the U.S., the PMI manufacturing index came in at…