News on Stocks in Our Portfolios
o
Revenue of $4.27B (-2.3% Y/Y) misses
by $110M.
Economics
This Week’s Data
The
International Council of Shopping Centers reported weekly sales of major
retailers fell 2.6% versus the prior week but rose 3.0% on a year over year
basis; Redbook Research reported month to date retail chain store sales up 0.4%
versus last week and up 3.6% versus the comparable period a year ago.
Weekly
mortgage applications rose 7.9% while purchase applications were up 5.0%
August
CPI was -0.2% versus expectations of being flat; ex food and energy, the number
was flat versus estimates of +0.2%.
The
second quarter trade deficit was $98.5 billion versus forecasts of $114.0
billion.
Other
An
analysis of real median household income (medium):
The
US lack of competiveness in taxes (short):
Politics
Domestic
What the US
could learn from Canada (medium):
Chart of the
day. How does this trend end?
International
Is the US at war
with ISIS? (medium):
Putin gets his
‘land bridge’ to Crimea; Ukraine supposedly gets to join the EU. Notice that agreement was postponed for a
year---giving Putin plenty of time change the terms of that deal:
More from
Ukraine:
http://www.zerohedge.com/news/2014-09-16/ukraine-currency-crashes-record-low-imf-blasts-gross-abuses
Boots
on the ground in the fight against Ebola (medium):
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