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    Daily Digest 4/29 – Crunch For Heavier Oil Ahead, Where Will Microsoft Be in 5 Years?

    by DailyDigest

    Monday, April 29, 2019, 7:22 AM

Economy

Blame my brain: A killer’s bold defense gets a court hearing (Sparky1)

A few months later, as they prepared for trial, Loyd attended a conference in Washington. One of the speakers was forensic psychiatrist William Bernet. Bernet told the story of a Tennessee murder defendant, facing the possibility of the death penalty, who persuaded a jury in 2009 that he deserved a less severe punishment. The defendant had argued that a genetic deficiency — a variant of a gene named MAO-A, which regulates aggressive behavior in men — along with abuse he had suffered as a child were partly to blame for his crime.

Goldilocks Economy Sends Dow Soaring in 2019, but Can the Party Last? (Thomas R.)

The one wild card is commodity prices, as evidenced by crude oil rising nearly 40% year-to-date. And some consumer companies are lifting prices to offset higher expenses. On Monday, personal income and spending data will shed some light on whether the Goldilocks economy plans to stick around for a while.

Woman died jumping in front of rabbi during California synagogue shooting (TS)

Authorities arrested the suspected shooter, John T. Earnest, who they believe was motivated by hate and, a month ago, may have tried to burn down an Escondido mosque. Investigators were checking the authenticity of an anti-Semitic screed the 19-year-old Rancho Peñasquitos resident allegedly posted online before the 11:20 a.m. shooting.

This $1,650 pill will tell your doctors whether you’ve taken it. Is it the future of medicine? (Sparky1)

And while many of these may pass regulatory hurdles that show they’re safe — especially at a time when the Trump administration has been leaning into medical innovation and pushing back against excessive regulation — doctors and insurers are not convinced that the technologies will so easily make the difference that the pharmaceutical industry is betting billions on.

All Eyes on China as Firms Worth Trillions Report (Thomas R.)

If that’s not enough, investors can also look forward to results from big banks Standard Chartered Plc and HSBC Holdings Plc later on this week, sandwiched around a holiday for much of the region on Wednesday.

Where Will Microsoft Be in 5 Years? (Thomas R.)

Azure is part of Microsoft’s intelligent cloud segment, which also includes on-premise servers and software and enterprise consulting services. The intelligent cloud business is currently Microsoft’s smallest segment; however, intelligent cloud grew 22% last quarter, faster than any of the others. Based on Microsoft’s guidance, intelligent cloud could very well leapfrog to being Microsoft’s largest segment as soon as next quarter:

Ukraine president offers Russians citizenship in snub to Putin (TS)

“We know perfectly well what a Russian passport provides,” he wrote, “the right to be arrested for a peaceful protest” and “the right not to have free and competitive elections”.

He said one of the differences between Ukraine and Russia was that “we Ukrainians have freedom of speech, freedom of the media and the internet in our country”.

Can China’s Electric Automakers Compete With Tesla? (Thomas R.)

“Some believe the production cost of a Model 3 in China is only half what it is in the US. So if the base model currently costs upwards of $35,000 in the US, maybe Tesla could get it as low as $20,000 in China in future,” says Xinguang. He adds, “This would definitely have a huge impact on China’s new energy vehicle market.”

U.S. sanctions on Iran, Venezuela set up crunch for heavier oil (Thomas R.)

“Over the past week we have seen heavy, sweet crude differentials rising markedly, as the long-awaited IMO impact has started to leave its mark on the crude market,” JBC Energy said in a note on Monday.

Scientists Discover Nearly 200,000 Kinds of Ocean Viruses (tmn)

Although the oceans cover 70 percent of our planet, until a few years ago most knowledge of marine viral diversity came from only a few well-studied locations. That changed with the Tara Oceans project, which sought a more complete inventory of marine microbial and viral diversity by sampling all over the globe. The schooner Tara has made its way around the ocean, collecting samples from the surface to the depths and from pole to pole. The new study included samples from 43 locations in the Arctic that weren’t used in the 2015 and 2016 studies.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/26/19

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”

 

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