Monday, November 12, 2018
Three Bitcoin Passive Income Stream Ideas – Complete Guide
morning wrap up
Saudi Arabia annunced it will slash its oil exports unilaterally next month - by 500K barrels per day - as OPEC producers met over the weekend to halt a market slump that had seen crude decline by 20% since early October. A broader OPEC output cut was also debated in Abu Dhabi, but with Russia warning of "hasty decisions," a verdict was postponed until the next full OPEC meeting, scheduled to take place in Vienna on Dec. 6.
Economy
Sterling slipped 0.8% overnight to $1.1269 as former British Foreign Minister Boris Johnson came out swinging against Theresa May, stating the U.K. is on the verge of "total surrender" in Brexit negotiations. May also faces the threat of further resignations from several pro-EU ministers following the departure of transport minister Jo Johnson on Friday, while the Labour party said leaving the bloc without a deal would be blocked by parliament.
The euro is not "a clear alternative" to the dollar thanks to the U.S. currency's international "strengths," French President Emmanuel Macron told CNN. "This is an issue of sovereignty for me. We made a great job during the past years but it’s not yet sufficient... That’s why I want us to work very closely with our financial institutions, at the European levels and with all the partners."
Alternatives to Libor underpinned less than 5% of interest rate derivatives traded last quarter, FT reports, with regulators like the U.S. Fed and Bank of England trying to wean financial markets off the scandal-tainted benchmark. Banks will no longer be required to submit the daily rates that together form Libor from 2021 as many believe the benchmark no longer accurately reflects the cost of unsecured borrowing between banks.
World leaders are heading to Singapore for the semiannual ASEAN summit, where Chinese Premier Li Keqiang is expected to rally support for the Regional Comprehensive Economic Partnership, a free trade deal that will encompass more than a third of the world's GDP. The pact currently includes 16 countries, including China, India, Japan and South Korea, but not the United States.
Meanwhile, Vietnam's National Assembly has unanimously ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the updated version of the TPP following the U.S.'s withdrawal in 2017. Brunei, Chile, Malaysia and Peru are now the four remaining member nations that are yet to ratify the 11-nation trade pact, which will slash tariffs across much of the Asia-Pacific.
U.S. stock index futures are starting the week not far from the flatline. No major economic data is expected and the session could see low trading volumes as U.S. bond markets are closed for Veterans Day. In earnings news, several retailers including Walmart (NYSE:WMT) and Macy’s (NYSE:M) will be on the radar this week, with investors keen on hearing what they say about consumer sentiment.
Wildfires raging north of San Francisco and near Los Angeles have killed at least 31 people, as more than 250K people flee the areas against a backdrop of damages that could reach $19B. In the past, PG&E (NYSE:PCG) has been faulted for several deadly blazes across the state, and many are now pointing fingers at the utility, causing the stock to close down 16% on Friday. President Trump has also blamed the wildfires on poor forest management, threatening to cut off funding to California.
Stocks
Alibaba clocked in sales of $30.8B during its annual Singles' Day extravaganza, representing a rise of nearly 27% year-on-year, but smaller than the 39% Y/Y growth recorded in 2017. In the past few years, Singles' Day (NYSE:BABA) has exceeded the transaction volume of both Black Friday and Cyber Monday combined. The event has also far surpassed Amazon's (NASDAQ:AMZN) Prime Day, which is the most similar to Singles' Day because it is also a 24-hour, online shopping event.
Paving the way for Japan's largest ever share listing, SoftBank (OTCPK:SFTBY) has received clearance from the Tokyo Stock Exchange for a ¥2.4T ($21B) IPO of its mobile unit. The new share issuance, pegged for Dec. 19, will add more fuel to its nearly $100B Vision Fund and mark the transformation of the mobile phone network provider into one of the world’s biggest technology investors under CEO Masayoshi Son.
Less than a week after Samsung (OTC:SSNLF) unveiled its "Infinity Flex Display," a new report from Yonhap News claims to have details about the upcoming bendy device. The smartphone will be dubbed the "Galaxy F" and debut in March, shortly after the 5G-enabled S10. While the company hasn't settled on a price, it likely won't come cheap, with a cost of as much as 2M won, or $1,770.
Once Democrats take control of the House, they are planning to investigate whether President Trump abused "instruments of state power" to penalize companies, incoming House intelligence committee chairman Adam Schiff told Axios on HBO. That includes probes on whether the Trump administration attempted to block AT&T (NYSE:T) from acquiring Time Warner "to punish CNN," and whether officials sought to hit Washington Post relative Amazon (AMZN) by prodding the USPS to hike shipping prices.
M&A roundup: SAP has joined a growing list of software giants making big acquisitions in 2018, scooping up business software company Qualtrics for $8B just before its IPO. Reports also suggest private equity firm Vista Equity Partners reached a deal to buy software company Apptio (NASDAQ:APTI) for $1.94B, while Veritas Capital and Elliott Management agreed to acquire Athenahealth (NASDAQ:ATHN) for $5.5B in cash.
Diageo is selling a portfolio of 19 brands, including Seagram's whisky varieties and Romana Sambuca, to privately owned Sazerac for $550M. While proceeds will be returned to shareholders through a share buyback, the sale will be dilutive to pre-exceptional earnings per share in the first full financial year after closing. The deal will allow Diageo (NYSE:DEO) to have "greater focus" on its premium brands in the U.S.
The last ten years it was clove cigarettes, but this decade may see a menthol ban. Following a 4% fall on Friday, British American Tobacco (NYSEMKT:BTI) shares are down over 7% premarket on news that the FDA may take the minty product off the market. "BAT is the most exposed name to the potential risk," wrote Morgan Stanley's Richard Taylor, who estimates that U.S. menthol cigarettes (and its Newport brand) account for 25% of total earnings.
Aiming to close its deal for Shire (NASDAQ:SHPG) on Jan. 8, Takeda Pharmaceutical (OTCPK:TKPYY) will hold an extraordinary general meeting of shareholders to vote on the $62B transaction on Dec. 5. The deal would be the largest-ever overseas acquisition by a Japanese company, but it still needs two-thirds support from shareholders, some of whom are worried about the enlarged company's resulting debt burden, as well as regulatory approval from the EU. SHPG +1% premarket.
UPS freight workers have voted to approve a new labor contract, averting a strike that could have affected shippers transporting their goods around the country. UPS said it will immediately resume pickups for the division's customers, after its 11,600 workers stopped picking up orders earlier this month so freight cargo wouldn't be stranded in the network during a strike.
Ford is open to working with foreign rivals to expand self-driving services internationally, but declined to comment on reports that the company was in collaboration talks with Volkswagen (OTCPK:VWAGY). Development and business costs "billions and billions of dollars" per region, Ford's (NYSE:F) Autonomous Vehicles' CEO Sherif Marakby told the FT, so it's cost effective on "risk and the reward" to work together to deploy the technology across territories.
The market is predominantly filled with massive contractors - Boeing (NYSE:BA), Lockheed Martin (NYSE:LMT) and SpaceX (SPACE) - but there's a new side to the commercial space sector. Rocket Lab put seven spacecraft in orbit on Saturday with its first commercial launch, hoping to be at the forefront of the small satellite industry. Big price point... The company's 56-foot tall Electron rocket costs $5.7M per launch, compared to almost $60M for SpaceX's 230-foot Falcon 9.
Today's Markets In Asia, Japan +0.1%. Hong Kong +0.1%. China +1.2%. India -1%. In Europe, at midday, London -0.1%. Paris -0.2%. Frankfurt -0.7%. Futures at 6:20, Dow -0.1%. S&P flat. Nasdaq +0.1%. Crude +0.3% to $60.39. Gold -0.2% to $1206.80. Bitcoin -0.1% to $6372. Ten-year Treasury Yield -5 bps to 3.18%
Today's Economic Calendar 2:30 PM Fed's Daly Speech
[Daily Discussion] Monday, November 12, 2018
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BCash: We hate to say ‘I told you so…’
https://i.redd.it/zprn1451mvx11.gif
TL;DR it kind of does seem there is some justice in the crypto world.
Bitcoin Cash, better known by its derogatory title BCash, has had a particularly turbulent ride the last couple of weeks. Born out of strife — the coin was a blatant land-grab on the Bitcoin brand by a motley group of former bitcoin evangelists, mining moguls and Satoshi-wannabes — it’s fitting that relationships within the BCash group itself should have deteriorated to the point where the coin splits.
The whole episode illustrates everything that is disgusting about crypto — in fact, one of the wonderful things about it is that this partitions off some unpleasant players and pits them against each other, leaving the rest of the crypto world to get on with their own thing and eat popcorn. BCash was enormously controversial when it first launched, accompanied by a massive FUD campaign and a fork that at one point threatened to severely undermine the entire crypto world. The new fork is the result of a disagreement between different members of the BCash camp — notably Craig ‘Faketoshi’ Wright on the one hand, and Roger ‘Bitcoin Jesus’ Ver and Jihan Wu, co-founder of Bitmain, the largest producer of ASIC chips in the world, on the other.
Last week BCash saw a massive pump, taking it from 0.066 satoshis to 0.098 in a matter of days — a 50% appreciation. The narrative is that this was traders buying BCH ahead of the fork to get both coins. Naturally, the bubble burst well before the event itself, as there was little doubt it would (and as Inferno itself warned on Saturday). It would now surprise us greatly if BCH did not ultimately return to its previous pre-pump level. It was nothing more than a P&D, and likely many BTC belonging to Bitmain were spent in the effort.
At the time of writing, Wright’s BCHSV (‘Bitcoin Cash Satoshi Vision’) futures are trading at 0.018 sats on Poloniex, while Wu’s BCHABC is trading at 0.064, indicating the market is almost 4 times more confident in Wu than Wright.
That means that Wright, who claimed to be Satoshi and the creator of a $100 billion blockchain, will end up as the architect of a $2 billion market cap effort — and that’s before it dumps any further. Meanwhile, the in-fighting between Ver and Wright paints the whole BCash effort in a very poor light. BCash is consuming itself from within as the lies and deceit that have been a feature since Day #1 come back to bite it.
The whole episode can be summed up with the maxim: If you lie down with dogs, you get up with fleas.
https://i.redd.it/k6vhb2c8mvx11.jpg
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[Daily Discussion] Monday, November 12, 2018
Thread topics include, but are not limited to:
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A little help with my Shortcut not ending
Hey all..
I've seen some similar posts around here but none exactly with the answer, and as wondering if I could get a little help from you pros around here..
TL;DR - my somewhat long Shortcut sometimes ends, but often doesn't. Need help figuring out why. It always finishes on the phone, but sometimes only, on my Homepod.
So I have a morning shortcut that does the following, exact steps:
- Looks at my list of various Good Morning phases and randomly selects one.
- Gets the current weather conditions at my location.
- [Show Result of random Good Morning message and weather conditions]
- [Show Result of additional weather conditions]
- Runs a Shortcut (Calendars and Events)
- [Show Result of Calendars and Events shortcut]
- Get my driving time to work
- Gets the day of the week, and an IF statement of if I'm working today from the day of the week.
- [Show Result of day of the week and if I'm working]
- Runs a Shortcut [Latest Formula 1 news (RSS)]
- [Show Result of F1 news]
- Runs a Shortcut [Current Bitcoin Price in USD]
- Runs a Shortcut [Current Bitcoin Price in ZAR]
- Runs a Shortcut [Current EOS Price in USD]
- [Show Result of BTC-USD / BTC-ZAR & EOS-USD]
- Runs a Shortcut [Days Until Vacation]
- [Show Result of Days Until Vacation]
- Show Result telling me that she's queuing up music on my Homepod
- Get Playlist
- Play Music
- Runs a Shortcut [Dinner options]
- [Show Result of Dinner options shortcut]
So as you can see, I've split up the Show Result (good for Homepod, has Siri speak in her natural voice). I did this as I figured the "Repeating Shorcut" bug was a result of a super long single "Show Result". All fine. I am pulling in other Shortcuts in my library to run this shortcut, but I don't think that's the issue, because it all runs fine......
However, the second Siri gets to "Get Playlist" and "Play Music", I can hear the music start in the "tunnel" sound thing on the Homepod that happens while Siri is talking, but she never gets to the Dinner shortcut. I've even swapped the two, and found that I had somewhat more success by not ending on playing music.
I've taken the music out - and she finishes the shortcut with "Done!".
However, when the music is in there, I have to say "Hey Siri, stop.", and then the music plays normally, however the Dinner section never comes up.
Here's a video of the shortcut running.
As mentioned, it runs fine on iPhone, and when it does, it's amazing on Homepod, but when it doesn't, I have to manually stop it, which is annoying.
Any ideas?
[Daily Discussion] Monday, November 12, 2018
Thread topics include, but are not limited to:
- General discussion related to the day's events
- Technical analysis, trading ideas & strategies
- Quick questions that do not warrant a separate post
Thread guidelines:
- Be excellent to each other.
- Do not make posts outside of the daily thread for the topics mentioned above.
Other ways to interact:
- Get an invite to live chat on our Slack group
- Set your flair to trade pretend money in the Flair Game
- Weekly threads: Newbie Mondays and Fundamentals Fridays