Wednesday , June 28 2017
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FT Alphaville

Opening Quote: Dixons Carphone proves exception to the rule

Dixons Carphone proves exception to the rule. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. If sales of sofas, beer and certain supermarkets’ pizzas are now falling on a like-for-like basis, and there is no big football tournament taking place, what will happen to sales of enormous tellies? (3 marks).If this had been an actual question on the recently-sat GCSE Economics paper – and I wouldn’t have put it...

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Further reading

Elsewhere on Wednesday, – From Noahpinion: “The example of Uber demonstrates how the illiquidity of private markets makes them much worse than public markets for communicating information about a company.”– Against ride-sharing: “What Uber and its ride-sharing fraternity want cannot exist alongside a democratic society; only one vision can prevail.”– China already proudly living out your future dystopian fears:Gan Liping pumped her bike across a busy street, racing to beat a crossing light...

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Markets Live: Tuesday, 27th June, 2017

11:01 am PM11:01amHi there -- welcome to Markets Live PM11:01amSuddenly lots of things happening... Soundbuy Morning........ Blank canvas good morning PM11:01amSuppose we need to in on the various bits of tech-related news 11:01 am PM11:02am Otter Hello brave and handsome tuesday friends. Dodgson Guten Morgen...

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For the love of Zeus, stop misusing Thucydides

[Note: This is a bit outside Alphaville’s normal coverage areas. But we thought you might like it anywayAfter returning from an invigorating holiday thousands of miles away, your correspondent discovered that Thucydides had been in the news. Not, sadly, because scholars had finally resolved the mystery of why the Athenian general was late to arrive at Amphipolis to defend the Thracian city from the Spartans in 424 BCE. Instead, it’s because Politico reported there are influential people in...

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A weekend in Texas with ZeroHedge readers, Part 1

This is Part 1 of a three-post series about the ‘ZeroHedge Live Fight Club and Symposium’ in Marfa, Texas. Just travelling from New York to Marfa is an initiation into the disorienting scale of Texas space — a five-hour flight to Phoenix, one-hour flight to El Paso and three-hour drive to Marfa, with three time-zone changes along the way.I made the trek last weekend to join readers of the conspiracy-minded financial blog ZeroHedge. It wasn’t an official blog event, as we were repeatedly told...

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Opening Quote: Debenhams and Carpetright show “health” of high street

Debenhams and Carpetright show “health” of high street. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. Ahead of this morning’s numbers from Debenhams and Carpetright, a number of publications told investors what to expect. Can you spot the odd one out? “Debenhams and Carpetright to provide snapshots of hard-pressed UK retail sector”. “Updates from high street as pressure ramps up on the sector”....

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Further reading

Elsewhere on Tuesday,– The BIS annual report folks. Globalisation chapter in particular looks great but Hyun Song Shin’s Twitter feed is a good place to go for some summaries.– Relatedly, from The Macro Tourist: “This morning, at a speech at the BIS Annual General Meeting, Bill Dudley came right out and stated unequivocally that the Federal Reserve was targeting financial conditions”.– Reuters special report: How the Federal Reserve serves U.S. foreign intelligence.– IMF’s Maurice Obstfeld on...

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Back on the block with a ‘Quincy Jones’ ETF

With more Grammy nominations and awards than anyone else alive, music industry legend Quincy Jones is one of America’s greats. So why not use his name to sell packaged stock market investments…?The ETF filing is here on the SEC’s Edgar database.H/T @EricBalchunasThe ETF promises to track the newly-minted Quincy Jones Streaming Music, Media & Entertainment Index, which holds (or will hold) up to 100 listed companies from the wider media space, each with a market capitalisation of at least...

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Markets Live: Monday, 26th June, 2017

Blank canvas good morning 11:01 am PM11:01amMorning, welcome to Markets Live man from dunoon morning Soundbuy Morgen............ PM11:01amWondering what to kick off with. PM11:01amHolland & Barrett maybe? SirCav Great day in the morning 11:01 am PM11:01amYeah, they're not listed Tax Realist...

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