Edging lower. Monsanto/Bayer a big deal. Import prices fell. Census data on poverty, medical care, and inequality. Techies want real news. Autonomous shopping carts. Ford to Mexico. Uber minus Uber drivers. SpaceX minus a launch pad. Shipping minus customers. Apple’s back. Wells Fargo under investigation.
Financial Review by Sinclair Noe for 09-14-2016
DOW – 31 = 18,034
SPX – 1 = 2125
NAS + 18 = 5173
10 Y - .04 = 1.69%
OIL – 1.26 = 43.64
GOLD + 4.20 = 1323.60
Wall Street edged lower, and trading seemed calm compared to the past few days. The S&P 500 remains down almost 3 percent from before a steep selloff on Friday, even though interest rate futures indicate expectations for a rate hike at the Fed's Sept. 20-21 meeting are still low. What we are seeing is probably a preview for what will happen when the Fed does raise rates.
Monsanto has finally agreed to a takeover offer from Bayer, valuing it at $128 per share or a total of more than $66 billion, ending months of wrang