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Daily News, 31 August 2019, No.51

Market Summary on 31 August 2019

Daily News, 31 August 2019, No.51

Daily News

News Detail Market Information The Dow Jones Industrial Average experienced a dipsy-doodle kind of day, but ending on the plus side by 41.03 to finish at 26,403.28, for a gain on the week of more than 3%. The 30-stock Dow rallied more than 150 points earlier Friday amid optimism around U.S.-China trade relation. The S&P 500 dipped 1.88 points to 2,926.46, for a gain on the week of 2.8%. The NASDAQ Composite slumped 10.51 points to 7,962.88 Friday, but still claimed progress for the week of 2.7%. The major indexes posted their worst monthly performance since May. The Dow fell 1.7% in August while the S&P 500 lost 1.8%. U.S. consumer spending increased solidly in July, as households bought a range of goods and services, which could cool financial market fears or a recession. According to the experts, the pace of growth in consumption is unlikely to be sustained amid tepid income gains. Market News Ecosia is taking on Google search While Goole's (GOOG) (GOOGL) search engine has a seemingly iron grip on with a surprising business model the search market and ad income from search constitutes more than 86% AD Dominance of Google's revenue, competition is emerging from a surprising corner of the market. Google search business could suffer from the rising popularity of an alternative search engine called Ecosia, a browser mostly powered by Microsoft's (MSFT) Bling engine. The popularity of Ecosia has gotten a very big boost recently, and we'll discuss why. Safe Haven Dividend Stocks To Buy Stocks opened higher Friday only to see all three major U.S. indexes slip For An Uncertain September into the red by mid-morning. No matter how stocks eventually close on the last trading day of the month, August marked a volatile period for U.S. markets as trade war fears mount amid broader global economic uncertainty. The S&P 500 is on track to close August down roughly 1.5%, which would represent its worst month since May. Despite macroeconomic worries and growing recession speculation, U.S. consumers don’t seem afraid just yet. On Friday, the Commerce Department said that U.S. personal-consumption expenditures popped a seasonally adjusted 0.6% in July from June, which marked a jump from the previous two months. Furthermore, U.S. third-quarter GDP estimates remain relatively strong at 2.3%. This would represent a jump from Q2’s 2% expansion, but down from 2018’s 2.9% total growth. Despite the positive signs in the U.S., Germany, Japan, and other economic powers have government debt with negative interest rates. And of course the trade war between the U.S. and China could still drag the world’s two largest economies down. Both President Trump and Chinese officials have seeming taken a more optimistic tone recently. But the specter of the ongoing trade dispute is likely to linger, especially with the new round of tariffs set to start on September 1.

Daily News, 31 August 2019, No.51

Anaplan Acquires Mintigo for Israel-based Mintigo was founded in 2009 to combine machine learning Predictive Planning Tech Quick and predictive analytics with customer engagement software to increase Take the efficiency and effectiveness of enterprise marketing and sales functions. Anaplan (PLAN) announced that it has acquired Mintigo for an undisclosed amount. Mintigo has developed an ‘intelligent’ machine learning-based customer engagement software system for enterprises. PLAN acquired Mintigo to integrate its machine learning technologies across its broader portfolio of planning and enhance its system-wide predictive capabilities. Breach at Capital One Bolsters the The Capital One Financial (NYSE: COF) data breach has brought to limelight Case for Oracle the Incident, as the issues that technology can cause. Since Capital One had hosted its data Reported by Capital One: on Amazon (NASDAQ: AMZN) Web Services (AWS), questions about the security of AWS and Capital One’s procedures have also been raised. We try to look through what happened and how it actually could alter the perception around Oracle (NYSE: ORCL) Gen 2 Cloud (OGC). Virtual Beings Trending in VR Tech: A union of art and VR technology has taken interactive media content to 4 Stocks In Limelight new highs. The latest being the concept of “Virtual Beings,” is touted to be the next big thing. Recently, Wolves in the Walls, developed by Fable Studio Inc. and Facebook FB, featuring virtual being, Lucy, for the first-time ever, secured an Emmy, for “Outstanding Innovation in Interactive Media,” and remains quintessential in this regard. Virtual Beings are here to revolutionize the concept of VR tech with creative media. In depth research on AI and VR tech combined with artists and storytellers’ imagination is facilitating the growing clout of Virtual Beings. Markedly, Wolves in the Walls, a VR-based interactive adaptation of a children’s book by Neil Gaiman, utilized handheld motion controllers and VR glasses to make 8-year-old Lucy’s journey engaging for viewers. Per Edward Saatchi, co-founder of Fable Studio, Virtual Beings are virtual characters with whom the audience can develop a two-way interactive emotional relationship. In fact, Virtual Beings are carving out a niche market for themselves. Saatchi believes that Virtual Beings can win Oscars for live action sequences, even a Grammy, or take the role of a spiritual guide, or be the next operating system (OS) which remembers the interactions with individuals. Microsoft: Nibbling at the Edges In our recent articles, we've been exploring certain dividend For 10% To 17% Yields stocks, REITs and other income vehicles which have been bastions of safety during the three most recent market pullbacks. But what about a market heavyweight like Microsoft (MSFT) which currently has the largest market cap, at $1.07 trillion? With its outsized market cap, it makes sense that MSFT would go down

Daily News, 31 August 2019, No.51

along with the market during pullbacks, but it has actually held up a bit better in all of the three most recent pullbacks. Of course, a -15.73% decline during the Q4 '18 4 Best Stocks To Buy As Trade U.S. stocks posted strong gains in the last couple of trading sessions, mostly Tensions Abate because China indicated that it won’t react to the recent U.S. tariffs immediately. Ministry of Commerce spokesman Gao Feng confirmed that it is time to discuss measures to remove tariffs to prevent an escalation in the trade war. Lest we forget, troubles began after China announced plans of imposing new tariffs of 5% to 10% on nearly $75 billion of U.S. products. Beijing clarified that the move in reaction to the Trump administration’s intention to impose 10% tariffs on $300 billion of Chinese imports. Trump, in the meantime, acted in response to China’s decision by saying that the United States will increase tariffs on $250 billion of Chinese goods to 30% from an earlier 25%. And tariffs on additional $300 billion imports from China would go up to 15% from 10%. Nonetheless, a possible indication of a truce between two of the world’s largest economies has alleviated risks in the equity market for now. A full-blown trade war would have had rippling effects on the global economy growth, casting a pall over businesses. Let us now look at stocks that have benefitted from the easing trade tensions. World News Sunway University is the First In Kuala Lumpur, Malaysia, Aug. 30, 2019, with the enormous growth of University in Malaysia and the e-commerce and readily digitally available data online, accuracy in Region to Set Up a Security processing and protection of data are no doubt imperative. In line with this, Operations Center Lab Powered by Sunway University has invested RM3-million in to the CyberSecurity RSA Security Intelligence (CSI) Labs for teaching, training and research in Cybersecurity. AHF Urges Immediate Action on With another Ebola case emerging again in Uganda, it is clear the threat of Ebola as UN Chief Visits the DRC the deadly virus spreading to neighboring countries and beyond is only a matter of time. AIDS Healthcare Foundation (AHF) urges UN Secretary-General António Guterres—who arrives at the outbreak’s epicenter in the Democratic Republic of the Congo (DRC) tomorrow—to take the necessary steps to ensure an expedient end to the devastating year-long crisis. McDermott Appellate Team Wins In Washington, Aug. 30, 2019, a McDermott Will & Emery appellate team Crucial Victory Before the US Court won a critical victory for Nadine Pellegrino before the US Court of Appeals of Appeals Sitting En Banc for the Third Circuit sitting en banc. In a 9-4 opinion, the full Third Circuit held that the United States has waived sovereign immunity for certain intentional torts committed by Transportation Security Officers. Updated Food Recall Warning In Ottawa, Aug. 30, 2019, the food recall warning issued on August 14, (Allergen) - QQ Fish brand Fish 2019, has been updated to include additional product information. This Balls, Fish Cakes, and Seafood additional information was identified during the Canadian Food Inspection Balls recalled due to undeclared Agency's (CFIA) food safety investigation. TLW Trading Ltd. is recalling QQ egg Fish brand Fish Balls, Fish Cakes, and Seafood Balls from the marketplace

Daily News, 31 August 2019, No.51

because they contain egg which is not declared on the label. U.S. service member dies in A U.S. service member died Friday while serving in the NATO mission in Afghanistan Afghanistan, military officials said. NATO and the U.S. Department of Defense didn't offer details on what led to the death, nor did they identify the service member. In accordance with U.S. Department of Defense policy, the name of the service member is being withheld until 24 hours after notification of next of kin is complete, a statement from NATO read. There are about 14,000 U.S. troops in Afghanistan, 15 of whom have died since the beginning of 2019. NATO's Resolute Support mission is to advise and assist Afghan forces and conduct counterterrorism operations against groups such as the Islamic State and al-Qaida. The service member's death came one day after President Donald Trump announced plans to maintain a presence of 8,600 troops in Afghanistan in the midst of a large-scale withdrawal from the country. Taliban spokesman Suhail Shaheen said the two sides were close to a deal that would have the United States and foreign forces withdraw from Afghanistan in exchange for a commitment from the Taliban to not use the nation to launch terrorist attacks against the United States. Full removal of troops from Afghanistan has faced criticism from some opponents who fear such a withdrawal could allow for a resurgence of terrorist groups in the country. Government of Canada, Province of Musqueam, Squamish and Tsleil-Waututh Traditional Territory / North British Columbia, and New Vancouver, BC, Aug. 30, 2019, Clean energy from renewable resources Relationship Trust highlight creates jobs and protects the natural environment in communities renewed support for Indigenous throughout BC. clean energy projects across the That is why the Government of Canada, the Province of British Columbia, province and New Relationship Trust have committed $9.5 million in renewed funding and support for the BC Indigenous Clean Energy Initiative (BCICEI). In addition to the renewed support for BCICEI, New Relationship Trust has also announced the latest funding recipients under the initiative. Through Indigenous Services Canada's Strategic Partnership Initiative (SPI), the Government of Canada has invested $4.5 million in renewed funding over three years towards the BCICEI. This funding will complement the $5 million in funding that the Province of British Columbia announced in April through Clean BC to help bridge the gap in early stage funding for clean energy ventures. MP Boissonnault announces up to Edmonton, Aug. 30, 2019, the Government of Canada is advancing $3.3 million to support women women's economic empowerment with the first ever Women entrepreneurs in Alberta Entrepreneurship Strategy (WES), a $2-billion investment that seeks to double the number of women-owned businesses by 2025. Today, Randy Boissonnault, Member of Parliament for Edmonton Centre, on behalf of the Honourable Mary Ng, Minister of Small Business and Export Promotion, announced investments of up to $3.3 million for women entrepreneurs

Daily News, 31 August 2019, No.51

in Alberta. This program is administered through Western Economic Diversification Canada. Political News Republican Rep. John Shimkus Rep. John Shimkus announced Friday he's not seeking re-election after won't seek re-election more than two decades representing southeast Illinois as a Republican. He became the 14th Republican to announce he won't seek to retain his seat in the House, though after a landslide win in 2018, his district is expected to remain red in 2020. Shimkus, 61, made the announcement during an appearance on the Mark Reardon Show on KMOX-radio. Hall of Famer Wes Chandler In San Diego, Aug. 30, 2019, the Famela Ramos Campaign announced today Endorses Famela Ramos for the support and endorsement of San Diego Charger Hall of Famer Wes Congress in 2020 Election Chandler. Famela is the only Republican running for Congress in the 52nd Congressional District in the 2020 Federal Election against Democrats Nancy Casady and Scott Peters. Garcelle Beauvais becomes first Bravo TV announced Friday that Garcelle Beauvais and Sutton Stracke are African American on 'Real joining Season 10 of Housewives of Beverly Hills. Beauvais is the Housewives of Beverly Hills' first African-American woman on the show. Beauvais has been acting in film and television since a 1984 guest spot on . She has starred in series such as Models Inc., The Show and Franklin & Bash. Film roles include Barbershop 2: Back in Business, NYPD Blue, Flight, White House Down and Spider-Man: Home Coming. She is also attached to the long-awaited sequel . Beauvais divorced Daniel Saunders in 2000 and Michael Nilon in 2011. Entertainment News Recovery Unplugged Kicks off 2019 Fort Lauderdale, Fla., Aug. 30, 2019, in observance of National Recovery National Recovery Month Campaign Month 2019, Recovery Unplugged Treatment Centers has launched a dynamic and informative marketing campaign to help promote awareness, education and empowerment throughout the recovery community. The campaign will be targeted toward individuals in recovery, as well as anybody who knows someone currently struggling with substance use disorder (SUD). It aims to increase understanding of the disease of addiction, the everyday struggles of (SUD) survivors and common factors that can trigger relapse. It will also demonstrate the profound power of music to help individuals overcome their drug or alcohol dependency. Sunstone Management Sponsors Sunstone Management will be a key sponsor of the 2019 Ping Pong Fit Ping Pong Fit International Festival International Festival, a two-day event running concurrently with the ninth annual LA Open Table Tennis Tournament at the Long Beach Convention Center on August 31 and September 1. The event, collaboration between the Global Creative Cities Coalition (GC3) and the City of Long Beach, marks the first city-hosted festival with a table tennis theme in the United States.

Daily News, 31 August 2019, No.51