Financial Review

Mylan Digs a Deeper Hole


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Unemployment claims 77 week streak.  Durable goods orders are solid. Waiting on the Fed in Jackson Hole, even if you are Fed Up. Mylan gets greedy and CEO digs the hole deeper. Brazil impeachment update. The end of FARC. Turkey moves into Syria. ON Semi gets approval for Fairchild Semi. Sears staggered. Uber losses. Robo-taxi happens. Airbnb shows very real meaning of hospitality. Financial Review by Sinclair Noe for 08-25-2016   DOW – 33 = 18,448 SPX – 2 = 2172 NAS – 5 = 5212 10 Y + .02 = 1.58% OIL + .61 = 47.38 GOLD – 2.20 = 1322.60   The number of Americans who applied for unemployment benefits last week fell by 1,000 to 261,000 and remained near post-recession lows. Claims fell below the key 300,000 threshold in early 2015 and have remained there for 77 straight weeks, the longest streak since 1970.   Orders for durable or long-lasting goods made in the U.S. surged 4.4% in July to mark the biggest gain since last fall. Higher demand for passenger jets led the way as expected. The Pentagon also put in a bunch of new orders. Stripping out the volatile transportation sector, orders rose a smaller 1.5%. Still, that matches the biggest increase of the year.   Kansas City Fed President Esther George said Thursday she thought it was time to raise interest rates. George, who is a voting member of the Fed’s policy committee this year, said she didn’t know if anything would cause her ...
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Financial ReviewBy Sinclair Noe