Disappointing China July imports suggest cooling domestic demand
http://www.reuters.com/article/us-china-economy-trade-idUSKCN10J0AA
Fed’s Powell urges patience on U.S. rates, citing growth risks
http://www.reuters.com/article/us-usa-fed-powell-idUSKCN10J0S5
Buffett’s Cash Pile Climbs to Record $72.7 Billion
http://www.bloomberg.com/news/articles/2016-08-08/buffett-cash-pile-climbs-to-72-7-billion-setting-record-chart
New iPhone to Have Dual Camera but No Headphone Jack
New iPhone to Have Dual Camera but No Headphone Jack
JPMorgan Has More Than 20 IPOs Lined Up in September, Myers Says
http://www.bloomberg.com/news/articles/2016-08-08/jpmorgan-has-more-than-20-ipos-lined-up-in-september-myers-says
Gas Prices Seeing Big Discount vs. Year Ago @FoxBusiness
http://www.foxbusiness.com/markets/2016/08/08/gas-prices-seeing-big-discount-vs-year-ago.html
Burger King Takes On Chipotle With: Whopperito
http://www.bloomberg.com/news/articles/2016-08-08/burger-king-takes-aim-at-chipotle-devotees-with-whopper-burritos
The Closing Look
On Monday, stocks slid as oil jumped nearly 3% and bounced from oversold levels. Oil bounced after rumors spread that OPEC members are talking about freezing production. Remember, the last time that happened, was in mid-February and oil surged – even though OPEC never freezed production. Technically, oil is just bouncing from deeply oversold levels. Economic…
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