Time to repeal all tax-exempt "foundations" who essentially redirect tax payer funds to primarily benefit their directors and board chairs.
Starbucks (NASDAQ:SBUX) reports global comparable store sales increased 7% in FQ2 vs. 5.1% expected and 4.9% last quarter.
Transactions were up 3% and the average price per order was 4% higher.
Comp growth by region: Americas and U.S. +5%; EMEA +2%; China/Asia Pacific +12%. All three regions showed positive traffic.
Microsoft beats by $0.10, beats on revenue
Microsoft (NASDAQ:MSFT): FQ3 EPS of $0.61 beats by $0.10.
Revenue of $21.73B (+6.5% Y/Y) beats by $670M.
They love the do-nuthin Congress on the job creation front:
Dow +0.13% to 18,061.80. S&P +0.24% to 2,112.50. Nasdaq +0.41% to 5,056.32.
Treasurys: 30-year +0.34%. 10-yr +0.23%. 5-yr +0.16%.
Commodities: Crude +2.39% to $57.50. Gold +0.58% to $1,193.80.
Google misses by $0.03, misses on revenue
Google (NASDAQ:GOOG): Q1 EPS of $6.57 misses by $0.03.
Revenue of $17.26B (+11.9% Y/Y) misses by $240M.
Can't get more explicit ... just like wagging the fingers and looking at our eyes on camera with the simple words " I'm going to say this again: I did not have sexual relations with that woman, ... "
You can say a lot of things about Dubya or Jimmie Carter but greed ain't one of them:
• Investors in Uranium One gave money to the Clinton Foundation starting in 2005 and through 2011. On June 29, 2010, Bill Clinton was paid $500,000 to speak in Russia by an investment bank with ties to Russia's government that had a buy rating on Uranium One’s stock.
• In January 2013, despite assurances to the contrary, a subsidiary of Rosatom took over 100% of the company and delisted it from the Toronto Stock Exchange.
• Clinton was supposed to disclose anytime there was a conflict of interest between foreign donations and State affairs. The Clintons disclosed only about $250,000 of the millions that the foundation received over the course of the deals.
I never liked the Clintons whose agenda became clear with their policy moves of NAFTA, China, Glass-Steagall and their so called Clinton Foundations which is a scheme to get rich in the name of charity. And old Bill certainly ignored warnings on Bin Laden while Hillary on Benghazi.
As I said many times before, Hilary's record as a Senator and SOS were nothing but fluff. She was clearly asleep at the switch with Arab Spring, Iaraeli-Palestinian and N. Korea/Iran.
Nothing as usual while our economy is stalling:
US PMI Manufacturing Index Flash
April US PMI Manufacturing Index Flash 54.2 vs 56.0 consensus, 55.7 in March.
Initial Jobless Claims
Initial Jobless Claims: +1K to 295K vs. 286K consensus, 294K prior (unrevised).
Continuing Claims +50K to 2.33M.
Shrinking top line AGAIN:
International Business Machines beats by $0.09, misses on revenue
International Business Machines (NYSE:IBM): Q1 EPS of $2.91 beats by $0.09.
Revenue of $19.59B (-12.9% Y/Y) misses by $140M.
Just imagine 6 gallon jugs of water next to a plant inside a regular pot. Now pour empty the 6 gallon jugs into the pot ... each day.
Now what's wrong with that picture?
Your ancestor used to think the earth was flat and bats were blind. Betcha believe that the world was created less than 8,000 years ago or whatever is printed in your version of the Bible.
But I have no qualms, nor Barry:
President Obama and first lady Michelle Obama earned an adjusted gross income of $477,383 in 2014, and they paid $93,362 in total taxes, according to federal income tax returns released by the White House on Friday. The president's effective federal income tax rate was 19.6 percent.
The first couple also donated $70,712 (14.8 percent of their income) to 33 different charities throughout the year. The largest reported donation, $22,012, went to the Fisher House Foundation, an organization that provides lodging and transportation for military families whose loved ones are receiving medical treatment.
In a blog post, the White House noted that the president and first lady were impacted by tax hikes on wealthy Americans Mr. Obama signed into law in January 2013. "The president was subject to limitations in tax preferences for high-income earners, as well as additional Medicare and investment income taxes," the post explained.
The president and first lady also released their Illinois income tax return, which reflected a payment of $22,640 in state income tax.
There are drought and there are drought:
Already, the 2013-14 rainfall season is shaping up to be the driest in 434 years, based on tree ring data, according to Lynn Ingram, a paleoclimatologist at UC Berkeley.
You forgot about the aerospace businesses closing down in the 60's as Will the last person leaving Seatle please turn off the lights circa April 1971. And of course we had the wage/price control soon afterwards in the mid-70's which was followed by the OPEC oil embargo and the Reagan recession of 1981 with unemployment stuck above 7% until October 1986 ... the first Gulf war recession that ended Bush's reelection etc.
betty, No one said the job market is in full employment but near NAIRU's number suggested by the Fed. The number had been adjusted down from 6% when UE was in double digits and now to 5.2%. With about 2% to 3% who are absolutely unemployable and those without HS education, I say 5.5% is pretty good.
You seemed to sidestep the UE rate for those with 4 year or more college degree (that includes those phony BAs in media, history, greek philosophy, african studies ... Lastly, you need to compare the headcounts moving into 25-54s to those adding in the 55+ group, particularly those eligible for SS.