Saturday, June 24, 2017

Today's Headlines

  • Saudi-Led Bloc Seeks Diplomatic Fix to Impasse With Qatar. Saudi Arabia and its allies want to resolve their standoff with Qatar through diplomacy and don’t seek regime change, U.A.E. Minister of State for Foreign Affairs Anwar Gargash said at a press conference in Dubai. “There is no intention for any sort of escalation,” Gargash said Saturday when asked about military intervention against Qatar if negotiations fail to end the impasse. “This is not about regime change, this is about behavioral change.”
  • Health Stocks Surge, Shrugging Off Uncertainty in Washington. (video) There’s plenty of uncertainty about health policy in Washington, but on Wall Street, investors have a clear hunger for health stocks. After Republican Donald Trump’s presidential-election victory, the health-care sector trailed the pack as the wider market rallied. Heated campaign rhetoric from Trump and Democratic rival Hillary Clinton made investors wary that Washington would tamp down drug prices and take other steps to radically remake the health-care marketplace. Now, such fears are fading, and health stocks are making up for lost time. The Russell 2000 Health Care Index has gained 4.6 percent and the Standard & Poor’s Health Care Index has gained 2.2 percent since Tuesday. The jump means the sector has erased the performance gap with the broader market, according to data compiled by Bloomberg.
Wall Street Journal: 
  • Had bullish commentary on (BABA), (AIZ) and (NCR).
Zero Hedge:
NY Times:
  • A Street Fight Among Grocers to Deliver Your Milk, Eggs, Bananas. Delivering food requires military precision: Bananas can’t get cold. Produce can’t get warm. Eggs, of course, must not get broken. And people expect their food to arrive at specific times. Mr. Browne, 40, is a driver for the online grocery business Peapod. He plays the most important role in solving the biggest problem vexing the online grocery industry: moving food, undamaged and unspoiled, from the warehouse to the customer’s house. It’s known as the last-mile problem.

No comments: