“.. Twitter’s U.S. ad revenue was running at 80 percent below internal expectations for that week, three people with knowledge of the figures said.”
@nytimes @MikeIsaac #WorldCup
@nytimes @MikeIsaac #WorldCup
“.. banks are reviving their traditional yearly cull of poor performers either by firing them or through the passive-aggressive delivery of a donut — banker slang for a bonus payment of zilch.”
(h/t @markgongloff) $C $BAC $MS $JPM
(h/t @markgongloff) $C $BAC $MS $JPM
“.. The makeshift walls have crumbled around the far right, and it’s flummoxing those who try to launder their message for a wider audience.”
(via @cwarzel @TheAtlantic) #ye
(via @cwarzel @TheAtlantic) #ye
Quote of @OldManPoolBway
Saw @birbigs last weekend and it is the hardest I’ve laughed in a VERY long time. Highly recommended. 🔥
@Aj_Koch @abigailseymour
@Aj_Koch @abigailseymour
"A profound yet blissfully entertaining 85 minutes of pure comic bliss." @WSJ Need we say more? Tickets available this weekend! Performances tonight at 7:30, tomorrow at 4 & 8, Sunday at 5.
Quote of @CBSSunday
Go, @theebillyporter !! 🔥
Hollywood Walk of Fame star number 2,741 was awarded to actor Billy Porter on Thursday. Porter's star is in the category of Live Performance/Live Theatre and is near the historic Pantages Theater on Hollywood Boulevard.
Spending on services still below trend, post-pandemic, says JPMorgan.
“To some degree this makes sense .. For example, if people skipped an annual physical early on the pandemic, they do not necessarily need more physicals later to make up for this ‘missed’ spending ..”
“To some degree this makes sense .. For example, if people skipped an annual physical early on the pandemic, they do not necessarily need more physicals later to make up for this ‘missed’ spending ..”
Happy b’day, “Black Dog”
Released today in 1971 🎸
John Paul Jones said he wrote his part on a train. “My dad .. showed me a way of writing down notation on anything. So I wrote the riff .. on the back of a train ticket, which I unfortunately don't have.”
Released today in 1971 🎸
John Paul Jones said he wrote his part on a train. “My dad .. showed me a way of writing down notation on anything. So I wrote the riff .. on the back of a train ticket, which I unfortunately don't have.”
CHICAGO (S&P Global Ratings) Dec. 2, 2022--S&P Global Ratings today withdrew its 'B-' long-term issuer credit rating on Twitter Inc. due to a lack of sufficient information to maintain the rating.
@SPGlobalRatings
@SPGlobalRatings
Quote of @janusfilms
Jean Renoir's masterpiece THE RULES OF THE GAME comes to @FilmForumNYC 12/23 in a stunning new 4K restoration!
Bassist Nate Mendel, on joining @foofighters years ago:
“It's like, how about we just start a band .. where we just put a premium on being fun and low drama. And that's just kind of been our motto through the years.”
Born today in 1968 🎸
“Everlong”
“It's like, how about we just start a band .. where we just put a premium on being fun and low drama. And that's just kind of been our motto through the years.”
Born today in 1968 🎸
“Everlong”
“.. $ASAN CEO wins quote of the week:
‘I'm CEO of the Asana company, but lately, Jay Powell has been CEO of the stock price'.”
(via MS desk)
‘I'm CEO of the Asana company, but lately, Jay Powell has been CEO of the stock price'.”
(via MS desk)
Quote of @sternshow
Very cool. 🎸
.@butchvig produced @Nirvana’s “Nevermind” and can still remember the first time he heard the band play “Smells Like Teen Spirit.” Stream his full #WrapUpShow convo now on @SIRIUSXM!
🎧
🎧
“Central banks are downshifting .. due to: (1).. they have been hiking at three times the normal pace, (2) they are likely at or above the neutral rate.. (3).. monetary policy works with lags. They are shifting from going 3-times faster than normal to 2-times?” - B of A
CITI: “.. As we enter 2023, we expect US recession fears to become the driver. We therefore treat rallies in US equities as bear market rallies and shift our underweight from Europe, where the business cycle is further advanced, to the US.”
“.. bleak expectations for banker bonuses are rapidly proving true, as a slump in dealmaking ends the industry’s war for talent and firms regain the upper hand in setting pay.”
@BLaw $C JPM $BAC
@BLaw $C JPM $BAC
The #cannabis market “should gain [four times] the number of consumers as alcohol [will gain] over the next five years.”
@SteveGelsi @MarketWatch @CowenResearch $MSOS
@SteveGelsi @MarketWatch @CowenResearch $MSOS
B of A: The “rates shock” for Wall St is “close to done.” But the “‘recession shock’ for Main St just beginning .. job losses in ’23 likely to be as shocking as inflation ‘in 22.” [Hartnett] #NFP
“If we use the average saving rate in 2019 to calculate excess savings, we arrive at an estimate of around $1.2tn, which could support spending for nearly a year. If we use the 2015-18 average saving rate, [it] could support spending for up to two years.”
- B of A
- B of A
Last year, the $SPX usually traded in the same direction as a jobs-number “miss” or “beat.”
This year, it has almost always the opposite.
(via B of A) #NFP
This year, it has almost always the opposite.
(via B of A) #NFP
Amid all the #inflation charts out there, the Vail season-pass inflation chart is a doozy.
(via B of A) $MTN
(via B of A) $MTN
FITCH: “.. job expansion continuing at this speed will do nothing to ease the labor supply-demand imbalance that is worrying the Fed. Wage growth picked up to 0.6% month-on-month, the fastest pace since January ..”
@FitchRatings #NFP
@FitchRatings #NFP
Breaking news
‘I did not know’: SBF statements highlight legal liability questions in FTX collapse by @alexiskweed #FTX | Link
"If you're a truck driver and you want the most bada** rig on the road, this is it." | Link
Infant formula shortage in the United States is likely to persist until spring, according to Enfamil maker Reckitt Benckiser | Link
Mark Cuban gave this 19-year-old founder a $400,000 "Shark Tank" deal — and asked her to meet his 2 daughters. (via @CNBCMakeIt) | Link
“This week was surprising in the sense that it did seem to indicate that the economy was in a healthier position than we first anticipated,” @mdbaccardax says about the data this week. “The job numbers today certainly cement that case.” | Link
U.S. stocks rebounded to close almost where they opened, after a stronger-than-expected jobs report for November raised questions over how soon the Federal Reserve could slow its aggressive interest rate hikes. Read more: | Link
This family left the U.S. and bought an apartment in Portugal for $534,000—look inside their 400-year-old home. (via @CNBCMakeIt) | Link
Liquidity is the name of the game in the current economic environment | Link
Cooling inflation and Powell’s talk of moderation sent stocks soaring. But a hot jobs report means rate hikes are still in the cards, and it’s not time to celebrate yet. | Link
Layoffs hit white-collar workers, hinting at a ‘Patagonia vest recession’ | Link
Your boss denied your promotion request. Here's a CEO's simple advice for what to do next. (via @CNBCMakeIt) | Link
The U.S. added a more-than-expected 263,000 jobs in November despite announcements of thousands of job cuts by technology companies, including Twitter, Amazon and Meta. Read more | Link
Companies that thrived during a period of rising prices may find it harder to boost prices and protect margins as inflations continues to slow. That could mean trouble. | Link
4 of the top 10 best college towns in the U.S. are in Florida—see where else made the list (via @CNBCMakeIt) | Link
Home builders and suppliers have been hammered by rising mortgage rates. But there’s long-term value in the stocks, and interest rates won’t stay up forever. | Link
McDonald's is taking a giant leap into the future with this new restaurant concept | Link
Parents of successful kids don't worry about screen time, one expert says — they teach these 3 skills instead. (via @CNBCMakeIt) | Link
WATCH: Drugmaker Pfizer is investing more than $2.5 billion in Europe, gearing up to launch new products it hopes can replace lost revenue as patents expire and vaccine sales decline | Link
Heard on the Street: Jobs report reminds investors that Silicon Valley isn’t the whole economy | Link
U.S. says Swiss engineering group ABB to pay over $315 million to resolve bribery case | Link
U.S. Fed proposes plan for banks to manage climate-linked financial risk | Link
“It will likely… prevent a rail strike and make such industrial activities illegal,” @mdbaccardax says about the new rail strike bill. “That’s a really big move for a president who has championed the labor movement for virtually the whole of his career.” | Link
U.S. Treasury says oil price cap 'institutionalizing' Russian crude discounts | Link
Adidas, one of FIFA's seven global partners, will still be represented in the tournament by Spain, Argentina and Japan after four of its seven sponsored teams exited the #FIFAWorldCup | Link
Here are seven major companies whose stocks moved on the week’s news, including CSX, AMC and Salesforce | Link
Darjeeling tea price tumbles after India leaf-blending quarrel | Link
The battle to control the iconic 4.2-mile stretch of road continues. | Link
The unemployment rate might have to rise to 4.5%—and stay there a while—before the Fed declares victory in cooling inflation. | Link
Former FBI agent of 21 years: These are the 8 biggest "warning signs" that reveal a dishonest person. (via @CNBCMakeIt) | Link
Goodbye savings, hello debt. Americans tap into credit to pay for goods this holiday season. @KristinaParts reports. | Link
Magnetar Capital cut its stake in iRobot, a maker of automated cleaning devices. RA Capital disclosed a large stake in drug firm Acrivon Therapeutics. | Link
Billionaire Warren Buffett: This is the "one easy way" to increase your worth by "at least" 50 percent. (via @CNBCMakeIt) | Link
The Federal Reserve’s new regulatory chief on Thursday signaled plans to beef up big-bank capital requirements, potentially revisiting financial rules that were eased during the Trump administration | Link
Readers weigh in on quantum computing, Walt Disney, climate change, business development companies, estate planning, and sequence-of-return risk. | Link