THE STOCK TO BUY

 



Everyday PremierCity publishes its choice picking one sole security to buy or to sell. The decision results from the consensus made of the aggregation of multiple choices added from the 100 most important editing financial reviews.

Today the selected stock is ****



DATAS OF THE DAY


China says U.S. trying to force it to submit on trade

The United States and China imposed fresh tariffs on each other’s goods on Monday as the world’s biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to hit global economic growth. Soon after the new duties went into effect, China accused the United States of engaging in “trade bullyism” and said it was intimidating other countries to submit to its will, the official Xinhua news agency said, reiterating China’s willingness to fight if necessary.

But Beijing also said it was willing to restart trade negotiations with the United States if the talks are “based on mutual respect and equality,” Xinhua said, citing a white paper on the dispute published by China’s State Council. U.S. tariffs on $200 billion worth of Chinese goods and retaliatory tariffs by Beijing on $60 billion worth of U.S. products took effect at midday Asian time, though the initial level of the duties was not as high as earlier feared.

http://www.reuters.com

Jeremy Corbyn will accept second Brexit referendum if Labour conference votes for it

Plans to side with Tory Brexit rebels

And the Labour leader will reluctantly back a second EU referendum if his party conference calls for it. In his only newspaper interview as delegates gathered in Liverpool, Mr Corbyn said: “If this Government can’t deliver Brexit then it must move over and have a General Election.”

To do this Mr Corbyn’s MPs and Tories from Jacob Rees-Mogg’s ­European Research Group of ­Brexiteers would vote together against Mrs May’s Chequers plan. Labour set six tests for any final deal including a strong relationship with Europe, the same rights, protections and benefits we have now and fair migration to boost Britain’s economy.

http://www.mirror.co.uk

European Union rejects Theresa May BREXIT plan

The EU tells Theresa May  Chequers Brexit plan ‘will not work’

Theresa May was left fighting to save her Chequers Brexit plan and with it her authority as prime minister after she was ambushed at the end of the Salzburg summit when EU leaders unexpectedly declared that her proposals would not work.

On Thursday night the transport secretary, Chris Grayling, hit back for the government, declaring there were no changes to the Chequers plan on the table and the EU’s demands on Northern Ireland were “impossible” for the UK to accept. “The PM has set out red lines that this country is not going to stay in the single market, we’re not going to stay in the customs union – I agree with her on those, that’s the government’s position,” Grayling said.

The prime minister was thrown on to the defensive – just over a week before the Conservative party conference – when EU leaders led by Donald Tusk and Emmanuel Macron rejected her Chequers plan as it stood, prompting hard Brexit Conservatives to demand it be abandoned.

http://www.theguardian.com

Amazon Could Open Up to 3,000 Cashierless Stores by 2021

Shoppers use a smartphone app to enter the store

Amazon.com Inc. is considering a plan to open as many as 3,000 new AmazonGo cashierless stores in the next few years, according to people familiar with matter, an aggressive and costly expansion that would threaten convenience chains like 7-Eleven Inc., quick-service sandwich shops like Subway and Panera Bread, and mom-and-pop pizzerias and taco trucks.

Chief Executive Officer Jeff Bezos sees eliminating meal-time logjams in busy cities as the best way for Amazon to reinvent the brick-and-mortar shopping experience, where most spending still occurs. But he’s still experimenting with the best format: a convenience store that sells fresh prepared foods as well as a limited grocery selection similar to 7-Eleven franchises, or a place to simply pick up a quick bite to eat for people in a rush, similar to the U.K.-based chain Pret a Manger, one of the people said.

An Amazon spokeswoman declined to comment. The company unveiled its first cashierless store near its headquarters in Seattle in 2016 and has since announced two additional sites in Seattle and one in Chicago. Two of the new stores offer only a limited selection of salads, sandwiches and snacks, showing that Amazon is experimenting with the concept simply as a meal-on-the-run option. Two other stores, including the original AmazonGo, also have a small selection of groceries, making it more akin to a convenience store.

Shoppers use a smartphone app to enter the store. Once they scan their phones at a turnstile, they can grab what they want from a range of salads, sandwiches, drinks and snacks — and then walk out without stopping at a cash register. Sensors and computer-vision technology detect what shoppers take and bills them automatically, eliminating checkout lines.

http://www.bloomberg.com

‘Economy looks like 1937’ says Hedge Fund legend Ray Dalio

A downturn is coming in about two years

Ray Dalio is the founder and co-chief investment officer of Bridgewater Associates, the largest hedge fund in the world. Dalio is sharing his template for understanding debt crises which he says helped him and his fund foresee and navigate the financial crisis. He sat down with Business Insider CEO Henry Blodget to discuss this new book and his outlook for the economy. Follwoing is a transcript of the video.

Saudi Arabia invests $1 billion in electric carmaker Lucid Motors

A serious rival to Tesla

Saudi Arabia’s Public Investment Fund (PIF) has agreed to invest more than $1 billion in Lucid Motors, adding to the emerging competition facing U.S. electric vehicle maker Tesla Inc. The funding will enable Silicon Valley-based Lucid to achieve the commercial launch of its Lucid Air electric vehicle in 2020, PIF said in an announcement on Monday. Lucid joins Daimler-owned  Mercedes, BMW and Volkswagen’s  Audi and Porsche divisions in the battle for dominance in the market for premium battery cars.

In August, Tesla founder Elon Musk said the Saudi sovereign wealth fund could help him to take his company private. The Lucid investment, which PIF said is more than $1 billion but did not give an exact figure, is also part of Saudi Arabia’s plan to build an environmentally friendly economy, to diversify the kingdom away from reliance on crude oil.

5G home internet service starting October 1st

Starting Houston, Indianapolis, Los Angeles, and Sacramento

Verizon’s 5G broadband internet service will go live later this fall, with installations starting on October 1st in Houston, Indianapolis, Los Angeles, and Sacramento, the company announced today. This marks the first 5G commercial service to launch in the US, and it seesVerizon make good on its promise to do so in November 2017. Verizon is calling it simply 5G Home, quoting “typical speeds” of 300 Mbps and peak speeds of nearly 1 Gbps, depending upon location.

This isn’t true mobile 5G, which will be the more impactful rollout of the new internet speed standard that was finalized last December when all networks and phone manufacturers support it. But theoretically, it should bring faster broadband speeds for home internet that are on par with, or at least in the range of, gigabit fiber networks. It also helps Verizon in its rollout of mobile 5G in the future, which will involve a dizzying number of different technologies, hardware, and partnerships to get off the ground.

Bernanke, Paulson and Geithner discuss the 2008 financial crisis

The three bailed out Wall Street to help Main Street

Former Federal Reserve Chairman Ben Bernanke, Treasury Secretary Hank Paulson and New York Fed President Timothy Geithner reflected on the financial crisis during a forum in Washington, D.C. A decade later, the three officials who helped pull the U.S. out of the financial crisis now struggle with the choices they made, particularly considering that the public still sees the moves as a bailout for Wall Street.

The three spoke during a forum at the Brookings Institution in a talk moderated by CNBC’s Andrew Ross Sorkin, who wrote “Too Big to Fail,” a chronicle of the crisis told from the inside of those who experienced it first-hand.

“We stepped in before the banks had collapsed and we did some things to fix the financial system which are very hard to explain because they are objectionable things,” Paulson said. “In the United States of America there’s a fundamental sense of fairness that the American people have. … You don’t want to reward the arsonist.”

Lehman Brothers went bust 10 years ago

Can it happen again?

In early 2007, the then chairman of the Federal Reserve, Ben Bernanke, dismissed the idea that the slowdown in the US housing market had profound implications. It was, according to the man running the world’s most powerful central bank, just a local affair. Everybody knows what happened next. Within 18 months the local problem in the US subprime mortgage market had ballooned into the biggest global financial crisis since the 1930s. When Lehman Brothers went bankrupt 10 years ago this week, it was the catalyst for a month of turmoil in which no financial institution was considered entirely safe.

Inevitably, the anniversary of those tumultuous weeks in late September and early October 2008 has prompted speculation about whether it could happen again. And, if so, what will be the cause? Looking around the global economy, there are plenty of potential candidates…

Boris Johnson says May’s Brexit plan ‘worse than status quo’

Tory Brexiteers have attacked Theresa May’s Brexit plan

Boris Johnson and other leading Tory Brexiteers have attacked Theresa May’s Brexit plan at an event putting the economic case for leaving the EU without an agreement on trade. The Economists For Free Trade report said the UK had “nothing to fear” from a “clean break” from the EU and using World Trade Organisation rules. This could give an £80bn boost to the tax base and cut prices by 8%, it said. But the claims were branded “Project Fantasy” by Labour MP Chuka Umunna. And Chancellor Philip Hammond said the economic assumptions behind the analysis were “not sustainable” and out of line with other forecasts.

Mr Hammond, who earlier on Tuesday announced Bank of England Governor Mark Carney would be extending his contract until January 2020 to provide continuity after Brexit, has issued a fresh warning of “some turbulence” if the UK left the EU in March without a deal.

Growing the 5G ecosystem

Verizon expands 5G Labs to new locations

Building on the success of its 4G LTE Innovation Centers and its first 5G incubator in New York City at Alley, a membership community for entrepreneurs, Verizon is expanding the program to new locations on the East and West Coasts. Working with a new array of innovators across a variety of verticals, Verizon will further accelerate the development of tomorrow’s 5G use cases and experiences while bringing all the locations under a new brand identity that reflects Verizon’s vision for 5G development.

Verizon’s new 5G Labs – to be located in Washington DC, Palo Alto CA, Waltham MA, and Los Angeles CA – will explore the boundaries of 5G technology, co-create new use applications and hardware, and engage with the community through programming designed to encourage local innovators to rethink what’s possible in a 5G world. The Labs will all be open by the end of 2018. Each Lab will be outfitted with live 5G networks, giving local startups, universities, and technology companies the opportunity to develop, test and refine tomorrow’s 5G solutions.

Jack Ma to Hand Alibaba’s Helm to CEO Daniel Zhang Next Year

His retirement caps a 19-year run for Asia’s largest company

Alibaba is heralding the end of the Jack Ma era. A former English teacher who helped found Alibaba Group Holding Ltd. two decades ago, Ma outlined plans to hand the executive chairman role to Daniel Zhang, a finance veteran who’s presided over an ambitious expansion and won over investors in three years as chief executive officer.

Ma will officially pass the baton in exactly 12 months’ time, on his 55th birthday, but remain on the board until 2020. He now intends to focus on philanthropy and education but also pursue unspecified “new dreams,” he said in a statement Monday.

Stiglitz: US has a major monopoly problem

Economy dominated by large corporations has failed the many and enriched the few

The Nobel Prize winner argues that an economy dominated by large corporations has failed the many and enriched the few. There is much to be concerned about in America today: a growing political and economic divide, slowing growth, decreasing life expectancy, an epidemic of diseases of despair. The unhappiness that is apparent has taken an ugly turn, with an increase in protectionism and nativism. Trump’s diagnosis, which blames outsiders, is wrong, as are the prescriptions that follow. But we have to ask: Is there an underlying problem that can and must be addressed?

There is a widespread sense of powerlessness, both in our economic and political life. We seem no longer to control our own destinies. If we don’t like our Internet company or our cable TV, we either have no place to turn, or the alternative is no better. Monopoly corporations are the primary reason that drug prices in the United States are higher than anywhere else in the world. Whether we like it or not, a company like Equifax can gather data about us, and then blithely take insufficient cybersecurity measures, exposing half the country to the risk of identity fraud, and then charge us for but a partial restoration of the security that we had before a major breach.

U.S. lawmakers grill Facebook, Twitter executives

Technology stocks fall

The Nasdaq fell more than 1 percent on Wednesday, dented by technology stocks after Facebook Inc (FB.O) and Twitter Inc (TWTR.N) executives defended their companies before skeptical U.S. lawmakers. Adding to pressure on technology stocks, the Justice Department later said it would meet with state attorneys general to discuss worries that social media platforms were “intentionally stifling the free exchange of ideas.” Facebook and Twitter were not specifically named.

Twitter shares dropped 6.1 percent. Facebook shares fell 2.3 percent, contributing heavily to both the Nasdaq’s and the S&P 500’s declines. The Dow, however, eked out a slight gain.