Nadita File – 08/01/2014
Good evening everyone, thanks for watching Nadita File where the spin starts here
There are a lot of good news in the report to cap the weekend
Ukraine Crisis : Chess reported live while going underground to avoid bullets, International team searches eastern Ukraine site for remains of 80 victims of downed MH17.
Deadly clashes between government and rebel fighters erupted nearby. Pres. Obama concerned over Russia’s increased support for Ukraine separatists. Pouting Putin called sanctions on Russia is counter productive.
Israel – Gaza Showdown : Saint shakes his head as hamas just can't stay true to 72 hour ceasefire. The he said, she said still going between Israel and Hamas like two little kids fighting for balloon.
Suicide bombing, heavy fighting erupt 90 minutes into 72 hour cease fire. Hamas says Israel violated truce by advancing its forces and plugging tunnels in Gaza. Israel says Hamas killed 2 Israeli soldiers, seized one, violating truce.
Gaza Health Ministry says Israel killed 50, wounded 220 in Rafah after cease fire went into effect. Secy Kerry condemns hamas attack as outrageous violation of the ceasefire. Hamas must exert control to avoid more suffering and loss of life on both sides.
House expected to pass $225M funding request for Israel’s “Iron Dome” missile defense. Senate passed bill earlier as hamas continued rocket attacks from Gaza.
Other News : Boosterbglee heard Federal judge chides Argentina at hearing without holdout creditors, discusses next steps. Adding settlement is the only way to end dispute between Argentina and holdout creditors. Judge Griesa says Argentina has issued highly misleading public statements and it must stop.
Argentina has obligation to holdouts, not just exchange bondholders. ISDA says Argentina’s failure to pay bondholders deemed a credit event. Sellers of Argentina’s credit default swaps must pay buyers, swaps worth $1B may change hands.
Idplzr heard another default is looming from Bulgaria government, if Corp Bank defaults on August 8th. Bondholders may sue Bulgaria.
House GOP meet to discuss supplemental border control funding bill. GOP leadership expects to pass legislation today, pulled bill yesterday for lack of support. Senate passes highway bill, extends funding through May 2015. Vote came hours before government was set to cut payments to states.
Genx4me heard Emory University Hospital to treat one of two Americans infected with Ebola in Liberia. CDC warns against travel to Guinea, Sierra Leone, Liberia.
At least 25 people killed, nearly 270 injured in underground gas explosions in Kaoshiung, Taiwan. Blasts struck area where petrochemical firms operate pipelines.
Ugandan court rules the country’s new anti gay law is unconstitutional. Law provides for jail terms of up to life.
Spokeman for House Speaker Boehner says President “completely AWOL” in response to border crisis. Paperboy can’t believe Dems left town without action, GOP still working.
The bull has hard time holding on as it slipped another 70 points on the slippery slope today. Dow down for 4th day, falls to lowest level since May. Stocks drop to lows of day except for Tesla and Linkedin are the big tech movers of the day.
Gold closed at $1,295, silver at 20.37, copper at $3.21, crude oil slide continues, closing at $97.88.
Starwood Hotels increases share buyback program to $1.5B, declares special dividend of $0.65/share. Alibaba hires Google’s investor relations head for same role – Re/code.
Alibaba is coming to America on their magic flying carpet and open checkbook to invest $120M in US tech company Kabam. Alibaba made $215M investment in Tango, a messaging app in March. Alibaba's IPO will be the biggest this year will debut this month.
Goldie Girl shakes her head as Botox goes wrong J Allergan sues Valeant & Pershing Square for insider trading violations. Allergan says Valeant and Pershing Square failed to disclose material information before takeover bid.
European market fall to 3 month lows after US sell off. GoPro has quarterly loss as cost nearly doubled, Q2 EPS $0.08 vs $0.06 est on revs of $245M. GoPro stocks went down today due also to July call.
Calkid11 is smiling as Pollo going LOCO, closed at $41.20, up 275% since last Friday’s IPO, saying he is buying everyone pollo loco for lunch.
Thriver is thrilled as Tesla broke ground on plant in Reno, NV will fund 40% - 50% of $5B battery factory in joint venture with Panasonic. Tesla’s adjusted Q2 EPS $0.11 beats $0.04 est. Tesla says it’s on track for 35K deliveries this year, up to 100K in 2015.
Go4profit is looking at 3D Printing (DDD) downgraded to market perform from outperform at FBR Capital. JPMorgan is expected to win trustee approval for most of $4.5B mortgage securities settlement.
Macau casino revs fall for 2nd straight month in July, down 3.6% to $3.6B. Citi Group cut Q2 Russian exposure to $8.9B from $9.4B in Q1, says impact of Ukraine crisis wasn’t material.
How do you lose an adult? US PR firm Edelman says China Chief Steven Cao’s whereabouts are unknown. Cao founded an Edelman subsidiary w/celeb CCTV anchor now detained in corruption probe.
IPO Buzz : Okane is doing happy dance as Mobileye (MBLY), a tech firm begins trading today at $25/share. The stock went up 48%, closed at $37.00. VTII Energy (VTII), energy terminaling company debut today at $21/share.
Loxo Oncology, therapeutics company, begins trading at $13/share. FCB Financial (FCB), bank business begins trading today at $22/share. The stock closed lower than opening price.
From Dinar land : A-J516 reported Sunni and Shiite clerics in their Friday’s sermon, stressed that all Iraqis must stand together against ISIL.
The head of Iraq’s religious scholar, Khalid al Mullah blamed six countries : Saudi Arabia, Egypt, Morocco, Lybia, Tunisia and Algeria for supporting ISIL which later changed their direction as they realized ISIL is not what they think of and soon or later will turn against them.
He added ISIL claim and acting under the banner of Islam in reality they are far of being muslims as one can imagine and immoral. Mullah further said “their anti social activities are as revile as their inner souls”.
Kurdistan region said 1.2 million displaced people including Iraqi Christians are in their region and they are doing the best they can to provide shelter and food, but their resources are stretched and will soon need international help.
The supreme religious leader in Karbala urged parliament to approve 2014 budget and pending laws as soon as possible to avoid destruction of Iraq. He added all sects and religions must stand united against the cancerous ISIL.
Vietnam1969 with his stealthwarrior team and Iraqi security forces continue to attack ISIL beehives and putting 30 worker bees to sleep forever and of course Sandfly firing Tbomb destroying their vehicles and supplies.
Ministry of Education said 300,000 illiterate men and women applied to school offering services for adults to learn to write and read.
The Ministry of Tourism and Antiques flew to Paris to discuss the smuggled Iraqi artificats with UNESCO after reports of significant numbers of historical items for sale.
It is reported ISIL has been stealing extremely valuable items and smuggling them to Europe for sale in the last few months.
KRG has linked pipelines from Kirkuk oilfields to Ceyhan terminal. Observers say that any political reproachment will be possible after the formation of new government only.
A group of parliament members said that Iraq is undoubtedly passing through a very challenging time in its long history but its natural wealth and human resources will prove to dominate the next chapter of its economic growth.
They added as soon as the new government is in place, they will work hard to pass crucial outstanding laws and focus on monetary and economic issues.
They expressed optimism as more and more tribes are turning against ISIL and cooperating with security forces. Wiljor likes the final words spoken was “this dark cloud will pass and sunlight will shine on Iraq very SOON”.
From rumor land : Mailman17 believes once the budget is approved, fully formed government, it’s Turki’s call to roost.
Chattels says he met someone in banking from Iraq and they are excited about the prospects of a near term event but no date or rate.
Poppy3 thinks it seems Iraq is rushing to finish and start financial reform.
Exogen says WTO is completed, PM has been selected and announcements already recorded.
Mt. Goat believes wholeheartedly there is an extreme probability this may occur in the coming weekend of Aug 8 – 10th.
Aggidad77 believes events from Iraq will be the most interesting to watch unfolding this weekend.
Tim724 didn’t think Iraq is not member of WTO yet. Pepperoni is way off in his prediction of Iraq still a year to two out before they will fully join WTO.
DC honestly doesn’t know why we are not exchanging yet.
TNT Tony is still doing the market rate, China rate and International rate.
BGG says Massoum will resign before he has to “appoint me” as Maliki asked.
Millionday will be shocked if they follow the constitutional deadline as we have seen that as pattern lately.