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[Misc] (HL-20190818~20190824) Weekly Headlines
최고관리자  |  19-08-17 09:38


(Mon) Week ahead on Wall Street
소매업체들 실적보고 예정된 월가의 한 주

Look for retailorama in the week ahead on Wall Street. A number of retailers that are exposed to China will unveil their latest results. On Wednesday, Macy's will likely report a drop in quarterly profit as it spends heavily to expand its online business and grow its off-price business. As the first department store to report, investors will keep an eye out for the spending appetite of the consumer and for any commentary on the latest round of tariffs the U.S. plans to impose on China. The big kahuna, Walmart, is expected to report robust quarterly sales growth when it reports on Thursday. Look for an update on consumer demand and plans to mitigate the impact of tariffs. Also Thursday: Struggling retailer JC Penney will likely report its fourth straight drop in same-store sales. Shares have been trading for less than a $1 since mid-July. On Friday, investors find out how strong the consumer is. The University of Michigan's consumer sentiment index is expected to dip slightly in August from July. 

(Tue) Uber posts largest quarterly loss
우버, 최악의 분기 손실 기록해

Uber on Thursday reported its largest quarterly loss of over 5 billion dollars… sending shares of the company plunging after the closing bell. Revenue came in lower than expected as the company failed to show benefits from an easing price war. Also hitting the bottom line – huge expenses related to the company’s public offering earlier this year. The company has not yet made clear when, if ever, it will make a profit… but it’s trying to convince investors that growth will come from its ride services and from other logistics and food delivery services…like Uber Eats. Uber went public in a highly anticipated IPO in May, but the stock has disappointed ... trading this week below its IPO price. 

(Wed) FedEx ends Amazon ground deliveries
페덱스, 아마존 제품 육상 배송 중단하기로 해

FedEx will soon be doing even less work for Amazon. It said it's ending its contract for Amazon's small-package deliveries on the ground. This comes just two months after the package delivery company terminated its air express contract for Amazon's cargo in the U.S. Analysts say this could result in higher volumes for FedEx's archrival, UPS. FedEx would keep handling Amazon's international shipments. FEDEX said in a statement that it made the change to - in its words - " focus on the broader e-commerce market." Analysts say it makes little sense for Amazon to partner with FedEx because UPS gives it a better rate for package delivery on planes. Amazon was unavailable for comment. The online retailer is seen as a long-term challenge to FedEx and UPS as it builds out its own delivery network of planes, trucks and vans. Shares of both FedEx and Amazon retreated in early trading Wednesday. 

(Thu) Disney misses forecasts as it readies Netflix rival
넷플릭스와의 경쟁 준비하는 디즈니, 수입 감소폭 전망치 상회

There were no Wall Street fireworks for Disney Tuesday when the company reported a steeper-than-expected earnings decline. Shares of the Walt Disney Company - which hit an all-time high last week - dropped 5% in after-hours trading. Weighing on profits: the cost of digital media platforms like the upcoming family-friendly subscription service Disney+, set to debut in November. Executives said investments in digital would weigh on the company for years to come as it looks to compete not only with Netflix, but upcoming streaming competitors from AT&T’s Warner Media and Comcast’s NBC Universal. Other losses were related to its integration of 21st Century Fox, a deal it completed earlier this year. Fox’s film studio performed worse than expected while sports rights in certain markets were higher than anticipated . And while operating income at its theme parks rose overall, it declined at Disney’s US parks, partly due to lower attendance. But as media companies go, it’s still among the happiest places on earth. Disney’s networks units - which includes ESPN and FX - unit reported a 7% increase in operating income. And the highest-grossing movie of all time - “Avengers: Endgame” boosted its movie studio profit, as did hits “Toy Story 4” and “Aladdin”.

(Fri) Pickups drive GM's profit beat
GM의 실적 이끈 픽업 트럭

General Motors joined Fiat Chrysler in defying an industry slowdown, sticking to its upbeat earnings forecast for the full year. Like its rival, GM was in the fast lane with strong sales of high-margin pickup trucks, especially those bearing its GMC nameplate. Sport utilities like its Cadillac XT4 also did well. Also like Fiat Chrysler, GM's growth in North America helped the largest U.S. automaker overcome its weak performance overseas. Virtually all of the company's profit came from North America. Its sales in China, the world's largest auto market, skidded 12%, and it warned sales there will remain weak for the rest of the year. GM's quarterly profit rose slightly and zoomed past analysts' estimates . That pushed its shares higher in early Thursday trading. Automakers have been hit hard by the global sales slowdown. GM rival Ford and Daimler, Aston Martin and Renault have all recently issued weak outlooks. 

** Other Latest Headlines **

* Top US bosses earn 278 times more than their employees

Chief executives at the US’s top companies took home $17.2m in pay last year – 278 times the salary of their average worker. Between 1978 and 2018, the average pay of the bosses of the US’s largest 350 companies has grown by 1,007.5%, according to the Economics Policy Institute’s latest survey. The increase far outstripped the typical worker’s salary growth, at 11.9%, and also the returns from the stock market, which are often used to justify high executive pay. The S&P 500 index of top US companies grew 706.7% over that period.

* Recession jitters are rising. Is there reason to worry?

Nerves are being frayed by a global economy that increasingly looks breakable. Growth is stalling. Factory output is down. Oil demand is off. U.S. tariffs on China have slowed trade. Investors have crowded into government bonds and sent interest rates sliding in a way that has often preceded a recession. So is a recession near? Hard to tell. What’s clear is that many of the world’s most powerful countries have skidded into a moment of uncertainty that has left consumers, businesses, markets and much of the political world feeling gloomier. President Donald Trump has asserted that the U.S. economy is strong. Yet on Monday, Trump called for the Federal Reserve to slash interest rates with the kind of aggressiveness the Fed normally uses to combat a recession.

* How Much American Presidents Really Cost US Taxpayers

Being president of the United States comes with numerous perks and the fringe benefits continue decades after the nation’s chief executives exit the White House. Presidents are currently paid $400,000 annually, an amount set by Congress. The nation’s leaders have received five pay increases since 1789, when George Washington became the country’s first president. Washington, and the 17 chief executives who followed him, were paid $25,000. In 1873, presidents got a raise to $50,000. In 1909, the presidential paycheck increased to  $75,000 annually. When President Harry Truman started his second term in 1949, he got a raise to $100,000. President Richard Nixon was the first president to get $200,000 in 1969. The current rate of $400,000 took effect in 2001 with President George. W. Bush.    The perks of being president include a pretty nice place to live for free (The White House); a battalion of servants led by butlers and a head housekeeper; a trained chef to cook your meals; a fitness center that comes with a private trainer; your own private movie theater and bowling alley; a country retreat (Camp David); round-the clock security (U.S. Secret Service); use of an airplane (Air Force One) and a helicopter (Marine One) and your own bullet- and bomb-proof limousine (The Beast). And the extras don’t disappear once a president leaves office. Former chief executives currently receive an annual pension of $213,600, which is what cabinet secretaries make.