10Jul2018 Market Close: Wall Street Closes Up Fractionally, DOW Jumps More Than 143 Points, Posting A 4-day Winning Streak As Earnings Kick Off, Small Caps Closed Flat On Low Volume

Tesla goes big in China with Shanghai plant

Tesla Inc Chief Executive Officer Elon Musk on Tuesday landed a deal with Chinese authorities to build a new auto plant in Shanghai, its first factory outside the United States, that would double the size of the electric car maker’s global manufacturing.

SEC charges ex-Heartland Payment CEO with insider trading

The U.S. Securities and Exchange Commission on Tuesday charged the former chief executive of Heartland Payment Systems Inc with insider trading for tipping his longtime romantic partner about the payment processor’s $4.3 billion takeover by Global Payments Inc .

Old fashion: Vintage boom buoys RealReal and jolts luxury labels

Second-hand fashion, once confined to thrift stores, is outstripping sales growth in the primary luxury goods sector, helping market leader The RealReal expand its business and prompting international labels to look at tie-ups.

U.S. judge allows lawsuits over Monsanto’s Roundup to proceed to trial

A federal U.S. judge on Tuesday allowed hundreds of lawsuits alleging that Monsanto Co’s glyphosate-containing weed-killer Roundup causes cancer to proceed to trial, finding that there was sufficient evidence for a jury to hear the cases.

Dow, S&P 500 extend recent gains; PepsiCo a boost

The Dow and S&P 500 rose on Tuesday, extending recent gains as strong results from PepsiCo boosted optimism about the earnings season, while the Nasdaq was flat

U.S. stocks rise on earnings optimism, dollar gains

The S&P 500 stock index hit a four-month high on Tuesday, boosted by higher oil prices and expectations for strong earnings, while the U.S. dollar rose against the safe-haven Japanese yen as investors bought riskier assets.

RSA’s Martin Scicluna lined up to chair Sainsbury’s: Sky News

Sainsbury’s , the British supermarket group that is merging with rival Asda, has lined up Martin Scicluna as the successor to chairman David Tyler, Sky News reported on Tuesday.

Oil mixed on supply disruptions; chance of Iran sanctions waivers

Oil prices were mixed on Tuesday, as price gains on supply concerns in Norway and Libya were tempered by the United States’ indication that it would consider requests for waivers from Iranian oil sanctions.

Bike-share schemes battle for Paris turf, but it’s not all free-wheeling

Grabbing a bicycle from a docking station and riding the streets of Paris used to be one of the city’s many charms, but the once-loved Velib system has fallen into disarray and some new dockless bike-share schemes are struggling to survive.

Trade-War Buying-Panic Stalls As US Yield Curve Tumbles To Fresh 11 Year Lows

Dow up 700 points… 30Y Yields unchanged…

Do you want to play this game?

China managed to extend gains after Monday’s best day in years…

But Italian banks suffered as Salvano used the b-word (Breakup)…

Why Hiding From The Trade War In Small Caps Could Prove Fatal

On the heels of the greatest short squeeze in history, US Small Cap stocks have been the ‘go-to’ ‘safe-haven’ as President Trump wields his trade war at ‘multi-nationals’. It’s an easy narrative to believe in – small caps are more domestically-focused (lower international sales), so buy them in stead of large caps as protection from the what’s happening to the rest of the world.

And it’s been working…

But in the last few days, the straight line bid for small caps has faded a little…

And this is why.

…

Netflixonomics: Cash-Burning Machine Blows Billions On Content In ‘Winner-Takes-Most’ Race

When Netflix published its third-quarter earnings last October, Ted Sarandos, Netflix’s chief content officer forecasted it would spend roughly $7 billion to $8 billion on original content in 2018.

The Economist, quoting a recent Goldman Sachs equity assessment, states that Netflix could spend $12 billion to $13 billion on original content, which is more than any studio or television network spends on films or shows that are not sports related.

According to the IndieWire, Netflix will roll out 82 feature films within the year, including Noah Baumbach’s “The Meyerowitz Stories” follow-up starring Scarlett Johansson and Adam Driver, and the Sandra Bullock thriller “Bird Box,” while Warner Bros. and Disney will respectively release 23 and ten films to cinemas.

The company is even producing or procuring more than 700 new or exclusively licensed television shows, including 10 …

Iran’s Revolutionary Guard Says “Awaiting Orders” To Attack Israel Ahead Of Putin-Netanyahu Summit

Though by many accounts the situation in Syria’s south is stabilizing as the government is fast securing the border with Jordan after a major offensive against FSA, al-Qaeda, and ISIS factions in the region, the possibility for further clashes between Israel and Damascus remains high, as we previously warned here.

In the past months there’s been widespread reporting on a “secret” deal brokered between Russia, Israel, and Syria, which reportedly involves the Syrian Army agreeing to keep Iranian forces away from the ongoing campaign along the Israeli and Jordanian borders, especially the contested Golan Heights.

However, Israeli media has this week highlighted statements by a top Islamic Revolutionary Guard Corps (IRGC) commander that suggests further open hostilities between Israel, Syria, and pro-Iranian forces could break out at any moment as the IRGC has vowed to “break” Israel’s presence, especially along the Golan.

Ahead of a summit between Israeli Prime Minister Benjamin Netanyahu and Russian President Vladimir Putin set to be held Wednesday (July 11) in Moscow, Netanyahu reiterated what will likely be a key demand as he meets face to face with Putin: “We will not tolerate the establishment of a military presence by Iran and its proxies anywhere in Syria – not close to the border and not far away from it,”

Winning the Fox Bidding War Is Just the Beginning

The higher the price goes in the bidding for 21st Century Fox’s assets, the less room there is for error in managing and extracting value from the assets.

Chinese Auto Sales Run Into a Lending Roadblock

China’s crackdown on shadow banking has caused some high-profile blowups. Now it’s driving the country’s car makers off course.

Twitter’s Wings Needed a Clip

Crackdown on fake accounts raises doubts about the company’s recent growth.

Key Words: ‘This rally in stocks is a last hurrah!’ warns Guggenheim’s Minerd

The Dow Jones Industrial Average on Monday is off to a solid start for the week, but Scott Minerd of Guggenheim Partners says investors shouldn’t be lulled into a false sense of security amid intensifying clashes over global trade.

Currencies: Sterling gives back gains after fresh U.K. political resignations

Britain’s pound pared its recovery gains in Tuesday afternoon trading after Prime Minister Theresa May’s government was rattled by additional resignations.

5 brides share their wedding regrets (hint: don’t skimp on the photographer)

Here’s where to spend more money and where cutting corners works best.