Market Summary on 16 October 2019
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Market Summary on 16 October 2019 Daily News, 16 October 2019, No.77
Daily News
News Detail
Market Information
Stocks closed sharply higher on Tuesday as the corporate earnings season got off to a strong start.
The Dow Jones Industrials vaulted 237.44 points to close Tuesday at 27,024.80, its first close above 27,000 since
Sept. 19.
The S&P 500 improved 29.53 points, or 1%, to 2,995.68. The S&P 500 was about 1% away from reaching an
all-time high.
The NASDAQ Composite heightened 100.06 points, or 1.2%, to 8,148.71.
J.P. Morgan Chase shares jumped 3% after its third-quarter number topped analyst expectations. The company’s
revenue also hit a record, boosted by home and auto loans along with credit cards.
Johnwson & Johnson, meanwhile, saw its third-quarter number lifted by higher sales of cancer and other
prescription drugs.
United Airlines is among the companies set to report after the bell Tuesday. Netflix, IBM and Bank of America are
all scheduled to report Wednesday.
Wall Street also got a boost from stronger-than-forecast economic data. New York’s Empire State manufacturing
index hit 4 for October, up from a print of 2 in September. Economists polled by Dow Jones expected a reading of
0.8.
Market News
First Responders to be With a long history of providing protective cases for both
Immortalized Through Pelican photographers and first responders, Pelican Products today announced
Products’ ‘Portraits of Protection’ its Portraits of Protection photo competition. This program brings
these two communities together to immortalize heroes who’ve
stepped forward in the face of danger.
Pelican invites photographers to submit photos of either heroism in
action or the faces of heroes, and post on Instagram,
tagging @pelicanprofessional, #PortraitsofProtection, and
#PelicanPhotoContest for a chance to win. Each month, the most
moving and visually interesting photos will be selected as winners and
featured on Pelican Products’ social media channels. The winning
photographers and heroes photographed will each receive their
choice of $500 in Pelican gear.
FRMO Corp. Announces First FRMO’s book value as of August 31, 2019 was $172.5 million ($3.92
Quarter 2020 Financial Results per share on a fully diluted basis), including $45.2 million of
and Conference Call non-controlling interests. The figure from the prior fiscal year-end as
of May 31, 2019 was $175.0 million ($3.98 per share), including
$48.6 million of non-controlling interests. Current assets, comprised
primarily of cash and equivalents and equity securities, amounted to
$115.9 million as of August 31, 2019, and $118.3 million as of May
31, 2019. Total liabilities were $16.7 million as of August 31, 2019,
unchanged from $16.7 million as of May 31, 2019, comprised
primarily of securities sold, not yet purchased and deferred taxes.
Pulse Biosciences Grants Equity Pulse Biosciences, Inc. (Nasdaq: PLSE) (“Pulse Biosciences” or the
Daily News, 16 October 2019, No.77Incentive Awards to New “Company”), a novel bioelectric medicine company bringing to
Employees market its proprietary CellFX™ System, announced today that the
Compensation Committee of the Company’s Board of Directors
granted non-qualified stock options covering an aggregate of 23,750
shares of Pulse Biosciences common stock to three recently hired
non-executive employees under the Pulse Biosciences 2017
Inducement Equity Incentive Plan on October 15, 2019.
Poarch Creek Committed to In Poarch Creek Indian Reservation, Ala., the Poarch Band of Creek
Economic Development in Indians' (PBCI's) local successes have made it possible for us to
Alabama expand and invest into other markets across the country and
internationally. We have and will continue to look for ways both
gaming and non-gaming to invest in Alabama. We have invested
over a billion dollars in capital expenditures in our three gaming
properties and OWA is currently a $250 million dollar investment. We
have committed an additional $100 million dollars at OWA to build
the largest indoor water park and hotel that will create a family
destination in Alabama for everyone to enjoy.
FOX Bet Strikes Multiyear Deal In Los Angeles and New York, FOX Bet today announced a new
With Major League Baseball multiyear deal that makes the mobile sports betting product an
Authorized Gaming Operator of Major League Baseball (MLB) in the
United States. As part of the agreement, FOX Bet has the right to
use MLB's official data feed and League marks across its FOX Bet
sports betting app and FOX Sports Super 6, FOX Bet's free-to-play
game available nationwide.
SGI Aviation Further Expands SGI Aviation Services (“SGI Aviation”), an independent advisor to
Capabilities on Engine Lease the aviation industry, providing technical consulting and advisory
Return for Customers by services in the areas of aircraft and engine asset management,
Partnering with Regional Jet announced today the signing of a cooperation agreement with
Center Regional Jet Center (“RJC”). Under the agreement, the companies
will perform engine lease return checks, on-wing maintenance
events, and storage.
The integration of engine redelivery services offered by
Netherlands-based RJC will bolster SGI Aviation’s global position in
supporting customers and projects with the broad range of
industry-leading services. SGI Aviation’s Engine Team has extensive
global experience in performing engine redelivery checks, while RJC
offers full capabilities to service engines during end-of-lease checks
or fixing on-wing problems.
Together, the companies will provide a one-stop-shop for engine
lessors, offering documentation review conducted by SGI Aviation,
as well as maintenance and storage performed by RJC. Customers
will enjoy the benefit of SGI Aviation’s multi-year experience in
managing redelivery checks for leading engine lessors and RJC’s
top-notch quality in maintenance provisioning.
Daily News, 16 October 2019, No.77B2Gold Completes the Sale of In Vancouver, B2Gold Corp. announces today that it has completed
Nicaragua Assets to Calibre the sale of El Limon and La Libertad Gold Mines, the Pavon Gold
Mining Corp. Project and additional mineral concessions in Nicaragua to Calibre
Mining Corp. for aggregate consideration of US$100 million, subject
to adjustment for working capital under the share purchase
agreement for the Transaction. Pursuant to the terms of the
Transaction, B2Gold received on closing an aggregate of 87,986,666
common shares of Calibre, representing approximately 28.35% of
the issued and outstanding Calibre Shares on closing, US$40
million in cash, a US$10 million convertible debenture, and will
receive an additional cash payment of US$10 million on October 15,
2020. The principal amount owing under the Debenture will bear
interest at 2% and will be payable in cash on October 15, 2021, and
is convertible at a rate of CDN$0.75per Calibre Share. The
Debenture will be a direct, unsecured obligation of Calibre, ranking
equally with all other existing and future unsecured indebtedness of
Calibre and will be a non-voting security.
nScrypt Launches First and Only In Orlando, Fla., in June 2019, Orlando, FL-based nScrypt announced
Ruggedized Precision 3D a pilot project with the U.S. Military, the Uniformed Services
Printer/Bioprinter University 4D Bio3 Program, and The Geneva Foundation for
bioprinting in an undisclosed, forward-deployed desert environment,
using a ruggedized version of nScrypt's award-winning BioAssembly
Tool (BAT) bioprinter, called the Austere BioAssembly Tool (ABAT™).
Another rugged version of nScrypt's bioprinter was launched to the
International Space Station in July 2019, for bioprinting human heart
tissue in microgravity.
Mosquito Shield to Present at In North Attleboro, Mass., Mosquito Shield Franchise Corporation,
GIE+EXPO 2019 in Louisville, KY the original and most successful mosquito control franchise, will be
participating at this year's "GIE+Expo" in Louisville,
Kentucky, October 16-18, 2019 at the Kentucky Expo Center, booth
23090. Mosquito Shield will be presenting innovations in the industry,
allowing visitors to learn more about becoming part of our successful
franchise and giving green business owners another revenue stream
from their current customers.
World News
Silvercorp Intersects 1,211 g/t In Vancouver, British Columbia, Silvercorp Metals Inc. is pleased to
Silver, 11.58% Lead and 0.92% report results of its exploration programs from April 1, 2018 to June
Zinc Over 1.34 Metres From Its 30, 2019 at the LMW mine, Ying Mining District, Henan Province,
2018-2019 Drilling Program at the China. Exploration drilling is ongoing at the LMW mine and all other
LMW Mine, Ying Mining District, mines at the Ying Mining District. During this period, Silvercorp
China continued its extensive exploration programs and completed 21,272
metres (“m”) of underground diamond drilling and 3,274m of
exploration tunneling at the LMW mine. Results of underground
drilling continuously extended the major mineralized vein structures
Daily News, 16 October 2019, No.77along strike and downdip, and exploration tunneling exposed
high-grade mineralization zones within major production vein
structures.
World Intellectual Property In Geneva, Asia accounted for more than two-thirds of all patent,
Indicators: Filings for Patents, trademark and industrial design applications in 2018,
Trademarks, Industrial Designs with China driving overall growth in demand for intellectual property
Reach Record Heights in 2018 (IP) rights as the United States of America (U.S.) maintained its
primacy in patent applications filed in export markets.
Mexican Tomato Growers In Washington, associations representing almost 100 percent of
Respond to Florida Growers' Mexican tomato growers issued the following statement today in
Escalation of Tomato Dispute response to the decision by the Florida Tomato Exchange to
continue litigating the Tomato Suspension Agreement instead of
honoring the agreement hammered out between the Mexican
growers and the U.S. Commerce Department a little more than a
month ago:
We are surprised by the announcement that the FTE is seeking a
continuation of the antidumping investigation that could void the
agreement recently reached with the Commerce Department after
many months of negotiations. Its announcement of its intent to do so
is misleading and mischaracterizes recent events.
U.S.-Saudi Arabian Business In Vienna, Va., the U.S.-Saudi Arabian Business Council (the
Council Announces New CEO, H. "Council" or "USSABC"), a bilateral not-for-profit organization with
Delano Roosevelt offices in the United States and the Kingdom of Saudi Arabia, today
announced that its Board of Directors has appointed Hall Delano
(Del) Roosevelt as President and Chief Executive Officer,
effective December 2, 2019. Mr. Roosevelt currently serves as the
Director of Business Development for Reza Investment Group
in Saudi Arabia. Del Roosevelt is the grandson of President Franklin
Delano and First Lady Eleanor Roosevelt, and the son of James
Roosevelt, FDR's first-born son.
Houlihan's Restaurant + Bar Offers In Leawood, Kan., Houlihan's Restaurants will honor America's
Free Meal to Veterans and Active veterans and active-duty military on Veterans Day, Monday,
Duty Military on Veterans Day November 11, 2019 with a complimentary meal, in addition to the
fifteen-percent food discount that is offered every day throughout the
year.
Admiral Scott Moore joins Board In New York, Wild Things, LLC ("Wild Things" or the "Company"), an
of Directors of Wild Things, LLC ASGARD Partners & Co. ("ASGARD") portfolio company, today
announced that Admiral Scott Moore has joined its Board of
Directors.
Former Director of National In Washington, Oct. 15, 2019 (GLOBE NEWSWIRE) -- King &
Intelligence Dan Coats Rejoins Spalding announced that former Director of National Intelligence Dan
King & Spalding in Washington, Coats has rejoined the firm as a senior policy advisor on the firm’s
D.C. National Security team in Washington, D.C., to advise clients about
the rapidly evolving national security landscape and immediate
Daily News, 16 October 2019, No.77implications for their businesses. He also will help clients navigate
the emerging tools and processes employed by the U.S. and other
governments to mitigate national security threats. And, as a former
senior member of the Senate, he will help clients understand and
navigate the congressional landscape.
Political News
California Lawyers Association In Sacramento, Calif., California Lawyers Association (CLA) is proud
Announces Election of New to announce the election and appointment of new organization-wide
Officers and Board Members Officers and Board Members, who will assume their responsibilities
this week. The new posts were announced at the recently completed
2019 Annual Meeting, "Navigating the Future for
all California Attorneys," which was held in Monterey,
CA from October 10-12, 2019.
Joan And Sanford I. Weill To In New York, Carnegie Hall today announced that, thanks to a
Become Carnegie Hall's First $100 generous $14.6 million gift, Joan and Sanford I. Weill and The Weill
Million Lifetime Donors Family Foundation have earned the unique distinction of becoming
the first private donors in Carnegie Hall's history to reach the $100
million threshold in cumulative lifetime giving.
This new gift to Carnegie Hall's 125th Anniversary Campaign will
provide important support to Carnegie Hall's artistic and educational
initiatives with $5 million specifically earmarked to underwrite the
Hall's music education and teacher training programs in New York
City public schools.
Sanford I. Weill joined the Carnegie Hall Board of Trustees in 1983,
was elected Chairman in 1991, and then President in 2015. For more
than three decades, Mr. Weill and his wife, Joan, have been
centerstage for each of Carnegie Hall's major milestones,
generously supporting the 1986 historic restoration of the main
auditorium (now Stern Auditorium / Perelman Stage) and recital hall
(now Weill Recital Hall); the building of the Hall's endowment fund in
the late 1990s; the construction of Zankel Hall and establishment of
Carnegie Hall's Weill Music Institute in 2003; and the renovation of
the Hall's Studio Towers, creating a home for music education on the
building's upper floors, in 2014.
UVA Darden School of Business In Charlottesville, Va., the University of Virginia Darden School of
Announces $400 Million Campaign Business on 12 October publicly launched a fundraising campaign
called Powered by Purpose to raise $400 million by June 2025. The
School also announced that it has already raised more than $236
million in gifts and pledges toward the goal as part of the campaign's
quiet phase, which began in July 2013 following the completion of
Darden's previous campaign. The Powered by Purpose campaign
and fundraising goal supports the University of Virginia's $5
billion Honor the Future campaign announced on Saturday, 12
October.
Daily News, 16 October 2019, No.77L.A. Mom Founds New Political In Los Angeles, Simona Grace, a single working mom in Los
Action Committee to Help Angeles, realized something during the midterm elections in 2018.
Progressive Moms Get Elected Her close friend's organization was supporting Katie
Porter's campaign and she became intrigued with the
Congresswoman's determination to fight for working families. After
witnessing the unique challenges a single mother must face when
running for office and the barriers women must break when it comes
to fundraising, she decided to do something about it. She founded
Moms in Office and became the first single mother in the United
States to start a political action committee with the mission to help
elect progressive moms.
Entertainment News
FOX Bet Strikes Multiyear Deal In Los Angeles and New York, FOX Bet today announced a new
With Major League Baseball multiyear deal that makes the mobile sports betting product an
Authorized Gaming Operator of Major League Baseball (MLB) in the
United States. As part of the agreement, FOX Bet has the right to
use MLB's official data feed and League marks across its FOX Bet
sports betting app and FOX Sports Super 6, FOX Bet's free-to-play
game available nationwide.
Charter Prices $500 Million Senior In Stamford, Conn., Charter Communications, Inc. (NASDAQ:
Unsecured Notes CHTR) (along with its subsidiaries, "Charter") today announced that
its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital
Corp. (collectively, the "Issuers"), have priced $500 million in
aggregate principal amount of senior unsecured notes due 2030 (the
"Notes"). The Notes will form a part of the same series as the
Issuers' senior unsecured notes due 2030 issued on October 1,
2019, which bear interest at a rate of 4.750% per annum. The notes
will be issued at a price of 101.250% of the aggregate principal
amount.
Saudi Joy Forum 19, A Success In Riyadh, Saudi Arabia, the Joy Entertainment Industry Forum (Joy
For The Region And World Forum 19), a two-day forum organized by the Saudi Arabian General
Entertainment Authority (GEA), brought together leading global
entertainment pioneers interested in investment and growth
opportunities in the Kingdom's entertainment sector.
The Joy Forum included top names in international entertainment
like Jackie Chan, Shah Rukh Khan and Jason Momoa along with
global businesses like Cirque du Soleil, MUVI Cinemas and Six
Flags.
The two-day event highlighted Saudi Arabia's developing
entertainment sector, one that is expected to generate 200,000 jobs
and attract local and global investment exceeding $69 billion by
2030.
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