10Apr2017 Market Update: Wall Street Back In The Green, DOW Up 50 Points, Sea-Saw Market Action Belies True Direction As Investors Shrug Off Geopolitical Tensions

Here is the current market situation from CNN Money

North and South American markets are mixed. The S&P 500 is higher by 0.22%, while the IPC is leading the Bovespa lower. They are down 0.24% and 0.19% respectively.

36%

Wall St. in the red as banks slip ahead of earnings

(Reuters) – U.S. stocks reversed course to trade lower on Monday as losses in financial stocks, ahead of quarterly earnings later this week, offset a boost from energy shares.

‘Best banker in America’ blamed for Wells Fargo sales scandal

(Reuters) – An investigation by Wells Fargo & Co’s board laid blame for the company’s unauthorized accounts scandal on a high-pressure sales culture and a retail executive obsessed with stamping out negative views about her division.

Tesla becomes most valuable U.S. car maker, edges out GM

SAN FRANCISCO (Reuters) – Tesla Inc on Monday briefly became the most valuable U.S. car maker, reaching a market capitalization of as much as $51.105 billion, higher than General Motors’s .

AT&T bets on 5G with Straight Path Communications buy for $1.25 billion

(Reuters) – AT&T Inc said on Monday it would buy Straight Path Communications Inc , a holder of licenses to wireless spectrum, for $1.25 billion in an all-stock deal as it aims to accumulate the airwaves it needs for a next generation network.

Facebook’s Sandberg says number of monthly advertisers tops 5 million

SAN FRANCISCO (Reuters) – Facebook Inc plans to announce on Monday that more than 5 million businesses are advertising on the social network each month and that it is updating its suite of ad services to try to draw more small businesses onto its mobile platform.

SEC targets fake stock news on financial websites

(Reuters) – The U.S. Securities and Exchange Commission on Monday announced a crackdown against alleged stock promotion schemes in which writers were secretly paid to post hundreds of bullish articles about public companies on financial websites.

Oil surplus or scarcity? Shale makes it even harder to predict

LONDON (Reuters) – The shale oil boom has transformed the U.S. and global energy sector to such an extent that it has upended traditional supply dynamics and made forecasts far more polarized.

Partial owner of Kushner’s New York flagship property willing to sell

NEW YORK (Reuters) – Efforts to breathe new life into an ageing Manhattan office building that is the flagship property of the family of President Donald Trump’s son-in-law has gained a green light after a partial owner of the building indicated a willingness to sell.

Barclays reprimands chief executive for trying to identify whistleblower

LONDON (Reuters) – British bank Barclays has reprimanded Chief Executive Jes Staley and will cut his bonus heavily after he tried to uncover the identity of an internal company whistleblower in a case being investigated on both sides of the Atlantic.

United CEO Responds

Following the dragging of a doctor from a plane – after he refused to leave when a computer selected him for removal when the airline overbooked the flight – United CEO Oscar Munoz has (finally) responded…

United CEO response to United Express Flight 3411. pic.twitter.com/rF5gNIvVd0

— United (@united) April 10, 2017

Everyone is Doing it: Injecting Micro-Chips is Cool!

Via The Daily Bell

The government isn’t quite ready to force microchip injections on citizens. But if you want to do it on your own, it just makes tracking you and your data that much easier!

You can be just like the cool kids who are having microchips injected in their hands in order to open locked doors and store payment information. A wave of the hand is all it will take to start your car, buy a latte, or share all your data with governments and corporations.

“I’m turning the internet of things into the internet of us,” said Jowan Osterlund in an interview with Recode. Osterlund is the founder of Biohax, a Swedish company that specializes in injecting small microchips, about the size of a grain of rice, under people’s ski …

Liberals Call For Ouster Of Democrat Representative After She Questions Syria Attacks

Sporting a sweet new “Resist” picture on Twitter, Neera Tanden, President of the Center for American Progress and author of numerous embarrassing email exchanges with John Podesta, called on Hawaiians to oust their Representative, Tulsi Gabbard, for having the audacity to question whether Assad was responsible for the recent chemical weapons attacks in Syria.

People of Hawaii’s 2nd district – was it not enough for you that your rep met with a murderous dictator? Will this move you?1 https://t.co/jbwGuZIJ6R

— Neera Tanden (@neeratanden) April 7, 2017

Of course, we’re almost certain that Neera’s comments had nothing to do with the fact that Gabbard was one of the few House democrats to throw her support behind Bernie Sanders in the 2016 presidential election rather than Tanden’s chosen candidate, Hillary.

Nevertheless, here is Gabbard speaking with Wolf Blitzer of CNN who, like many of his colleagues in the MSM, seems to suddenly be very trusting of the Trump administration.

Rep. Gabbard: “Yes, I’m skeptical” of claim Assad regime is behind chemical weapons attack https://t.co/fETssThsLF https://t.co/fpYdUNR2t4

— CNN (@CNN) April 7, 2017

Gabbard, who sits on the Armed Services and Foreign Affairs committees, drew criticism earlier this year when she took a somewhat mysterious trip alone to meet with Assad in Syria without alerting House Speaker Paul Ryan. The l …

Stocks Slide On Report China Has Deployed 150,000 Troops To North Korea Border

While the catalyst is unclear, it appears the market dropped as headlines of further sanctions against Russia appeared and reports of China deploiying 150,000 troops to its North Korea border.

According to Korean news agency Chosun, the “Chinese army has deployed about 150,000 troops to the North Korean border in two groups to prepare for unforeseen circumstances.” The reason: the prospect of “military options”, such as preemptive attacks on North Korea, like the one the United States launched on Syria.

More Google translated:

As the United States announced its independent North Korean behavior and moved the United States Navy’s nuclear-powered Calvinus (CVN-70) carrier class to Singapore, the Chinese army has deployed about 150,000 troops in two groups to prepare for unforeseen circumstances.

“The report said. It is because of the prospect of taking “military options”, such as preemptive attacks on North Korea, just as the United States has launched an air raid on Syria.

Japan’s Sankei Shimbun reported on the 9th that the Syrian missile strike in the United States shocked China, suggesting that the People’s Liberation Army forces are moving toward the Yalu River, .

The newspaper said the video was also broadcast on the Internet, but the authorities removed the relevant information, saying the move was a medical and aft support unit for the Shenyang bulb (the northern light bulb)

Another possible catalyst is a report by

Amazon at $1,000, Wall Street’s Not-So-Bold Call

Ten analysts now predict Amazon’s shares will eclipse the $1,000 mark in the next year, and 13 others have price targets within 5% of that goal.

A Coal Revival but Not Because of Trump

America’s coal industry has been ravaged by cheap gas and environmental concerns, but it is stabilizing and that has little to do with President Trump.

The $400 Million Man

Is a new CEO really worth $400 million? That is what investors in Axovant Sciences are saying.

March 2017 Conference Board Employment Index Improves Almost Ignoring March’s Terrible Employment Numbers

Written by Steven Hansen

The Conference Board’s Employment Trends Index – which forecasts employment for the next 6 months improved, and its authors say “The surprisingly weak job growth in March is mostly noise in an otherwise healthy and tight labor market”.

Market Snapshot: Stocks wobble as bank weakness offsets energy strength

U.S. stocks are flat, retreating from an earlier advance as weakness in banking shares offsets a rally by energy names. Caution was also elevated going into the first-quarter earnings season.

Europe Markets: European stocks close down fractionally, staying near 16-month high

European equity investors held back from making major moves Monday, leaving the Stoxx Europe 600 index near its highest close since December 2015.

10 shocking passages from the Wells Fargo report on aggressive sales practices

Here are selected passages from the Wells Fargo board’s report into sales practices.