So I booked 2 cruises before the pandemic. Both are cancelled now. I called and I sadly couldn't use the same "deal" I got on both previous cruises (It was a last minute offer) I have a new offer for 200 OBC, drinks at casino, and each new cruise I book I recieve 350 in extra OBC (300 for cancelled cruise and 50 for having stock) My question is should I book both at the same time before this deal ends To lock in the prices or wait it out because apparently I can wait a while before I choose what to do. The price right now for me for 2 people is about 300 per person with tips. Just wanted to get some input TIA. Was looking at a late June sailing.

Hi everyone. I have been getting emails from Carnival for a free Cheers package if booked within the next week or so. I am going through the booking screens and when applying the offer the per person rate increases $375!? How is this considered a “free” cheers package if the per person rate increases enough to make up for the cost of the package? Has anyone else come across this issue?

Good morning, hope everyone trades responsibly, let’s make some money!

DOW JONES

Boeing Company (BA) - Air Lease (AL) updated on its order book deliveries, sales and new significant financing occurring in Q2; at the end of the quarter, its fleet was comprised of 301 owned aircraft and 81 managed aircraft, with 398 new aircraft on order from Boeing and Airbus (EADSY) set to deliver through 2026; it delivered one new Airbus A320neo aircraft from its order book, and sold four aircraft.
Johnson & Johnson (JNJ) is facing calls from over 170 nonprofit groups to stop selling its talc-based Baby Powder worldwide, over concerns that it contains cancer-causing Asbestos, while some are also calling for the clearing of existing inventories.
Walgreens Boots Alliance (WBA) Q3 20 (USD): Adj. EPS 0.83 (exp. 1.17), Revenue 34.6bln (exp. 34.36bln), FY20 Adj. EPS view 4.65-4.75 (exp. 5.42); Suspending share repurchase programme, raises quarterly dividend to USD 0.4675/shr, a 2.2% increase. US Retail Pharmacy SSS +3.0% (exp. +1.2%). Most significant COVID-19 impact was in the UK market which required a review resulting in a non-cash impairment charge of USD 2bln. Boots (UK) will be cutting around 4,000 jobs. Annual cost savings to be in excess of USD 2bln by FY2022.

NASDAQ 100

Alphabet Inc (GOOG/GOOGL) said it has shut down its cloud project named “Isolated Region” and added that it was not weighing options to offer its cloud platform in China; earlier reports had stated that GOOG had shelved the project in China and other politically sensitive countries in May, partly due to rising geopolitical tensions and the pandemic; GOOG, however, added that the project’s shutdown was not due to either of those two reasons and that it has not offered cloud platform services in China.
American Airlines Group (AAL) / United Airlines (UAL) have temporarily halted flights to Hong Kong after its government-imposed coronavirus testing requirements for airline crews, according to Politico.
Costco Wholesale Corp. (COST) June sales update saw comparable sales (ex-gasoline and FX) rose 13.6% in the June five-week period, accelerating from the +9.2% seen in May, beating forecasts for around 9% growth.
Facebook, Inc. (FB) announced it is starting a chat with a business using QR codes, where people can scan QR codes businesses show at stores, product packaging or receipts to start a chat. It notes there are over 50mln WhatsApp Business app users globally every month.
Gilead Sciences (GILD) plans to make more of its drug remdesivir available for Germany and Europe from the fall, and will decide how much each country gets based on the rate of infection; it added that it could increase its worldwide monthly production from currently 190,000 treatment cycles to two million treatment cycles in December. Remdesivir is currently the only drug granted a conditional marketing authorisation by the EU for its use in COVID-19 patients.Oracle Corp. (ORCL) (Information Technology/Application Software) has been awarded a cloud services agreement by the Canadian government.

S & P 500

Carnival Corp. (CCL) Aida cruises are to recommence sailing vacations in August.
Ford Motor (F) said its China vehicle sales increased 3% in April-June from a year earlier, its first quarterly sales rise in China in almost three years; China sales grew by 158,589 units in Q2, attributed to the rise to a stronger vehicle line up and “strong demand following the lifting of COVID-19 pandemic restrictions”.
Mylan NV (MYL) announced it received FDA approval for its Hulio, a biosimilar to AbbVie Inc. (ABBV) Humira, for the treatment of rheumatoid arthritis.
Twitter, Inc. (TWTR) has been accused of being biased against conservatives and demanded information about its reactions to two tweets by President Donald Trump; two GOP lawmakers allege TWTR’s content moderation was not neutral. Meanwhile, analysts at Citi note its shares overreacted to the potential subscription service reports yesterday. Analyst Jason Bazinet says although it makes sense, there are many unknowns, such as the price and whether or not it will have advertisements. The analyst highlights that a consumer survey shows roughly 10% of its respondents were willing to pay for a USD 5/mth plan without ads and more analytic services. Citi estimates if such a service were to occur, it would be priced at USD 20/year internationally and USD 60/year in the US, assuming a 5% penetration for base case and 10% for its bull case with advertisements, the analyst believes the revenue contribution would be limited. Citi maintain a neutral rating.
United Continental Holdings (UAL) expects to recognise USD 300mln in employee separation charges in Q2, with USD 50mln to be in cash.
ViacomCBS (VIAC) reached a deal to stream all the UEFA Champions League and Europa League matches starting in August.

OTHER

Bed Bath & Beyond (BBBY) Q1 20 (USD): Adj. EPS -1.96 (exp. -1.22), revenue 1.31bln (exp. 1.39bln). Announced it is to close 200 stores over two years as sales fell around 50% during pandemic; BBBY said it was not reporting comp sales due to temporary store closures.
DocuSign (DOCU) had its PT upgraded at Wedbush to USD 240 (prev. USD 165, prev. closing price 206.35). The analyst “continues to believe DOCU’s deal flow is holding up well/stronger than expected in this Covid-19 pandemic environment which bodes well for strong underlying metrics/headline numbers during FY2Q”.
DraftKings (DKNG) and Twin River Worldwide (TRWH) Mardi Gras Casino announced the opening of DKNG’s temporary sportsbook at the casino in Black Hawk, Colorado. Guests can place bets at the sportsbook from 10th July.
Energy Transfer (ET) provided further clarification around news reports regarding the operations of the Dakota Access Pipeline, stating that it has never suggested that it would defy a court order. Rather, Dakota Access Pipeline was seeking appropriate relief from that order through the established legal process.
Japan Display (6740 JT) : FY group net loss JPY 101.42bln (prev. net loss JPY 106.59bln), operating loss JPY 38.54bln (prev. loss JPY 27.23bln), recurring loss JPY 57.76bln (prev. JPY 40.37bln).
Moderna (MRNA) announced a collaboration for large-scale commercial fill-finish manufacturing of its vaccine candidate with Rovi.
PTC (PTC) expects to deliver fiscal third quarter 2020 ARR growth of 9% year over year, 10% in constant currency; and also expects to deliver double-digit revenue and free cash flow year-over-year growth for the fiscal third quarter 2020; it will report results on 29th July.
Restaurant Brands (QSR) Burger King in the UK is warning of 1,600 potential job losses as it could close up to 10% of its restaurants
SAP (SAP GY, SAP) – Q2 prelim: total revenue EUR 6.74bln, +2% (+1% non-IFRS), operating profit EUR 1.28bln, +55% YY (+8% non-IFRS), non-IFRS cloud revenue EUR 2.04bln +21% YY (19% non-IFRS). At present, cloud backlog seen at EUR 6.65bln, +20%, cloud backlog remains strong but cloud revenue in Q2 was impacted by lower pay-as-you-go transactional revenue given COVID-19. Reiterates FY20 outlook. For FY20: confirm non-IFRS revenue EUR 27.8-28.5bln vs. Prev. EUR 27.6bln, cloud revenue EUR 8.3-8.7bln vs. prev. EUR 7.0bln, operating profit EUR 8.1-8.7bln vs. Prev. EUR 8.2bln. Have seen a strong sequential improvement compared to Q1 regarding software license revenue. Q2 & H1 results will be released on 27th July.
Siemens (SIE GY, SIEGY) – Are to spin off 55% of Siemens Energy to shareholders will equate to 1 Siemens Energy share for 2 Siemens shares. Initial listing of new shares is scheduled for 28th September 2020, will commence with a BBB rating at S&P. Siemens will retain a 35.1% stake in the spin-off and the Siemens pension trust an additional 9.9% stake, as such Siemens no longer has a controlling share. Further stake reductions could take place at a significant scale in the next 12-18 months. Separately, Co. are not planning any job reductions from COVID-19. For reference, in FY19 Siemens Energy generated revenue of circa EUR 29bln according to Siemens AG combined statements.

Additional US Equity Stories

Of note for Social Media names (FB, TWTR, SNAP), ByteDance is reportedly considering a change in the corporate structure to distance the app from China, and is also considering a TikTok HQ outside of China, according to WSJ.
Peloton (PTON) new product will probably not be a rowing machine or exercise bike, its CFO announced, but it could potentially be a lower price treadmill. The CFO stated the co. believes “the running and boot camp category is two-to-three [times] the size of the bike category”, adding it is first and foremost on their minds, reports Barron’s.
Walgreens Boots Alliance (WBA) CFO says towards the end of Q3 online volume sales reached Black Friday levels on a daily basis, and May sales increased almost 120%, with June sales growth even higher.
Tesla (TSLA) CEO Musk announced the automaker was "very close" to developing fully autonomous vehicles and could work out the basics of that technology as soon as this year; he reiterated that the electric vehicle maker has solved most of the essential challenges toward achieving fully self-driven cars that needs no human behind the wheel. The Tesla and SpaceX chief was reaffirming a goal first expressed in 2019.
Delta AIrlines (DAL) CEO reiterates urge for workers to consider voluntary departure., and announced it flew 20% of customers over the July 4th weekend.

Do any of you have experience with buying something within 24 hours of a cruise? I heard the 72 hour thing was a suggestion to cruise lines, but that it isn't a must.
If so, did you get a great deal or did you spend significantly more because it was last minute?

We got a great deal because of casino rates on this cruise when we booked it about a month ago. It leaves out of San Juan P.R. March 22, carnival fascination. Originally booked a room with a porthole for $805, this price includes all of the fees in gratuities. I called today about an upgrade and we got upgraded to a window ocean view room for free. All in all, we also have $340 OBC for the both of us. Is it worth the risk?
I could add that we are both 23 y/o and able to do our jobs as long as we have internet and our laptops and do not have a risk of anything on that front if something does happen. Since we still have some time before we have to make a decision, I suppose we will wait and see for now. Thank you for all of the replies.

Continuing.
After the third pony keg of beer was delivered, it was decided that the next few days would be spent in the conference room discussing what we thought was the best way forward.
We wanted dry-erase boards so we could start taking detailed notes, even though I was well ahead of the curve in that regard. We instead ended up with some mobile elementary-school blackboards and a pile of grainy, sooty chalk.
Leave it to Dr. Cliff to go into a discourse on the genesis of chalk and its economic importance.
Bloody carbonate geologists.
Bloody White Cliffs.
We geologists need to punctuate their conversations with pictures, so these would suffice quite well.
At 1700 hours, the official end to the workday was called; we’d meet here again tomorrow. I’m not certain by whom, but it was readily agreed upon. We were more or less on our own until 1000 the next day. I needed to spend some time in my room with my notes and update a number of dossiers, field notebooks, and other items I was using as a running chronicle.
Several folks decided to invade one of the hotel’s restaurants for dinner. Some wanted to head to the casino, a couple wanted to get a massage, and others wanted to do what tourists are normally wont to do on the second day of being a foreigner in a foreign land.
I declined invitations to dinner and other activities, as I had a long writing session in front of me. I wanted to get this all in its proper place while the memories and notes were still fresh.
30 minutes later, in my room after a 25-minute wait for the elevator; I’m updating dossiers, creating several new ones, and updating my field notebooks. Suddenly, after an hour’s work, I notice something is amiss.
“I don’t have a drink or a cigar,” I said to the four walls. “This. Will. Not. Do.”
I was used to Happy Hour in Russia. Happy hour is slightly different; there are no ice cubes or orange-peel twists in the vodka. Also, it lasts all day.
I remedy that situation by finding and clipping a nice, oily oscuro cigar and digging the bourbon out from under my boxer-briefs in my dresser drawer. I heft the bottle and feel that it’s significantly lighter than when I left it last night. I happen to look in the trash can and spy the wrapper for a box of my festively colored Sobranie cigarettes I obtained back in Dubai.
“Hmmm”, I think, “It would appear that we have some light-fingered Cho Louies or No Louises around here. I’d best guard my supplies a little more securely.”
I move all my smokeables into one of my now emptied aluminum travel cases. They lock with the stoutest of combinations and it will be readily apparent if anyone is fucking with them.
I move some of my best booze into the pretty much worthless in-room safe. With a deft application of duct tape, I seal the safe. It may not be the most secure spot on the planet, but if anyone tries anything troublesome, they’ll leave an immediately recognizable record of what they were up to. It’s just too obvious; they’d have to be crazy to go in after anything inside there.
My money, keys, and passports are in the safe deposit box down in the lobby that the hotel supplies for visiting dignitaries. Even so, they let me keep my shit in one of them anyway.
That handled, I spend another hour writing like a madman. I suddenly realize I’m tired of all this and need a diversion as well as some food and, of course, drink.
30 minutes later, I’m down in the byzantine basement tunnels of the hotel. It’s crowded with hordes of Chinse tourists, and the casino is ground zero for the incredibly loud chatter.
I look in on the bowling alleys all three of them, and they’re full. The massage parlor is hopping, although I leave my name and they promise they will call over the PA when a suitable masseuse is available. Evidently, I ‘intimidate’ some of the more demure ones.
I wander over to the bar, now there’s a surprise, and see it’s packed to the rafters as well. I decide to wait for a seat to open up on Mahogany Ridge when there’s some gargling over the PA and a pair of Chinese nationals leave the bar in great haste.
I grab one of the two newly open seats, much to the chagrin of a couple of Oriental Unidentifiables (OU) who had their eye on them as well.
“Sorry, mate”, I said, “First come, first served. It’s the capitalist way.”
One of the pair grabs a seat and the other just stands there, looking annoyed unspent bullets in my direction. Forget that I’ve literally twice their size and could be an aberration as an angry American. They just order a couple of drinks, and content themselves in giving me dirty looks and probably say nasty things in their own indecipherable language about my national origin and familial heritage.
As if I gave the tiniest of rodental shits.
I fire up a cigar, as literally everyone else in the joint was smoking something more or less tobacco. However, there was a definite barnyard aroma, a regular Dairy Air, in the room. I think some of what was being smoked there was more bovine or equine in origin than botanical in nature.
With numerous hilarious attempts at Korean, pointing at a garishly photographed drinks menu, I was finally served a cold draft house steam porter and 100 milliliters of probably ersatz ‘Russian’ vodka, vintage late last Thursday. This bartender that could at least form some of the phonemes found in American English. A few. A definite few.
Since it all cost the equivalent of US$0.50, I really didn’t care.
Apparently vodka helps flowers last longer when they're dying. But you can put vodka in anything and it'll make it better.
Being a trained observer, I rather enjoy just sitting in any old bar, smoking my cigar, drinking my Yorshch, and watching people. I try and not be intrusive and I never eavesdrop, but I like to try and think of what strange set of circumstances brought us all here together in this place at this time. It gives me writing ideas, some of which I jot down in a notebook I always carry. It also gives me a good shot of nostalgia when I look back at something I wrote some 40 or so years ago.
Yeah, old habits do die hard.
I take a drag off my cigar and set it in the ashtray in front of me on the bar as I go to correct another egregious misspelling in my notebook. I have to immediately proofread what I wrote, or I’d never recall later what the fuck I was trying to convey; especially if it’s in a noisy, smoky, or murky milieu.
Quicker than a bunny fucks, Unidentifiable Oriental #1 (UO #1) deftly reaches over, snags my cigar, and helps himself to a few mouthy puffs.
I look at him, the empty ashtray directly in front of me, him again, and then UO #2.
Since I speak no real Oriental, much less Korean, language, and my Mandarin at this point is worse than laughable; I just point to the cigar, turn out my hands and shrug my shoulders in the international “What the actual fuck, dude?” gesture.
He just smiles a gappy, toothy, and snaggle-toothed at that, grin at me and makes a point of ensuring that I see him enjoying a few more drags on my own damned cigar.
Not able to contain myself any further, I venture a “What the fuck, chuckles? That’s not your fucking cigar.”
Like gasoline being tossed on a fire-ring full of embers, they both go unconditionally incoherently insane.
Yammering, chattering, jumping up and down, and getting right into my face. They wanted me to unquestionably understand that my few words of English insulted them far more than their filching of my $20 cigar.
OK, I’m pretty well trained in Hapkido; an oddly, given the present situation, hybrid Korean martial art. I’m at least 6 or 7 inches taller and who knows how many stone/kilos/pounds/Solar masses heavier than these two clowns. I could easily go all Gojira on their hapless asses and mop significant expanses of the floorboards with them.
Instead, I look around for the bartender. I figured since I was keeping him well supplied with Korean won via tips, and he spoke some English as well as perhaps whatever the fuck these characters were chattering; maybe he could get to the bottom of what was happening.
The bartender walks over and I ask him to ask the two unidentifiable twins why they stole my cigar.
He nods in agreement and goes on in whatever the fuck dialect was being used today by the pair.
“They say they wanted it. So they took it.” They ask, “What are you going to do about it?” the bartender relates.
I deftly reach inside my field vest, as everyone concerned ducks and covers.
I extract two fresh cigars; not a .454 Casull Magnum.
I give one cigar to the bartender and one to OU#2.
“With my compliments.” I pleasantly say.
I was well apprised of the fact that in certain places like this, the local authorities often approach foreigners with, for the lack of a better term, ‘Agents Provocateur’.
Like the Westboro Baptist “Church”, they try to get a rise out of you so you’ll lose your cool and either create a scene or take a poke at the miscreant. Then they have all the pretext they require to drag you to the local hoosegow, shake you down for every penny on your person, as well as any phones, notebooks, wallets, passports, cigars, cigarettes, etc.
Basically, they goad you into a fight, then drop the thousand-pound shit-hammer when you retaliate.
It’s all so parochial. So obviously clear as vodka; this elementary charade only raised a single eyebrow.
I’m not going to even raise my voice over a couple of cheap cigars that neither of them noticed I slipped them instead of the premium ones I was smoking.
Thus defeated, I asked the bartender to ask them if they liked the cigar.
“What do you think?” I asked in cordial English, “Too tightly rolled? Not caged enough? Too green?”
UO #2 slipped and said “It smells very good…” where he realizes he’s blown his cover.
“Yeah, I like it too.”, I replied, “So much so, I buy my own. What are your badge numbers, boys? I will be reporting this incident to Inspector P'aeng Yeong-Hwan, the head of security for the IUPGS conference to which I was invited as special scientific consultant.”
Of course, they immediately dummy up and feign illiteracy.
I say loudly and very clearly, “You bastards aren’t gonna get away with this. I mean, what is going on in this country when scumsuckers like you can get away with trying to sandbag a Doctor of Geological Sciences?”
I ask the bartender to translate, but alas, it was too late. They vamoosed when I turned to talk with the bartender.
They left so fast, they didn’t notice me snapping their pictures with my ancient but trusty Nokia 3310, revised edition, during our little chat. Even with a mere 2-megapixel picture, I have enough to show the North Korean leaders of the project to get an identification and make known my displeasure of being treated like some commoner or buffoon.
They left both my cigar and the one I gave them. The bartender tucked the cigar I gave him into his pocket and stared lustily at the two remaining on the bar.
“Take’em”, I said. I sure as fuck don’t want them. “Just a clean ashtray and a refill, if you would be so kind,” I say, as pleasantly as possible, considering the situation.
Both the unsmoked and my smoldering, as well as well-traveled, cigar disappear as quickly as minks rut. A clean, new ashtray, double beer and ‘vodka’ suddenly appear.
“No charge, Dr. Rock”, the bartender grins, as he shoves my erstwhile high-mileage cigar between his teeth.
“OK, fair enough.”, I say, “Spaseebah.”, and deposit a raft of won on the bar. The pile won’t be touched until after I leave in a few hours’ time.
“Stranger in a strange land.” I muse over a couple of further beers.
The call from the massage parlor never came, or it did and I couldn’t hear it over the clamor of the casino. I went up to the hotel’s Korean restaurant; had some salty soup, a sad, sad salad, and some form of funky fish, I think, for dinner. I retired that night in a slightly foul mood.
I called Es then the next morning and caught her before she retired. With a 14 hour difference between us, I was getting up at 0700 and she was getting ready to hit the hay at 2100.
I told her of the events of the day previous, and she was glad she wasn’t tagging along. She would have never accused the Korean geologists of being behind the times and would have probably bent the guy’s nose that swiped my cigar.
Agreed, that she’d probably be unimpressed with this place. I promised her that we’d go on a holiday when I returned from all this. It would be up to her to find out ‘where,’ and I’d supply the ‘when’ when I could.
Everything else was going along smoothly, more or less, on the home front, and I didn’t want to give the local listening-in federales too much to say grace over, so we said our parting admirations and rang off.
Shower, shower sunriser of real vodka and citrus, a quick brush and comb, and spiff of cargo shorts and new ghastly Hawaiian shirt; 30 minutes later, back down in the restaurant for the inevitable breakfast buffet.
After what some would consider breakfast and others would consider a vague attempt at nourishment, we reconvened in the conference room precisely at 1012.
Nothing like precision with this group.
We spend the next two days going over, in various groups, what we think would be required to set forth proper the quest for oil and gas in North Korea on track. Everyone got in on the act, and we advocated for that. We needed everyone’s input to make this happen. Or to even map a way forward to present to country officials. Those from the West on what was needed and those from the East to tell us what was available, and the combined wetware to make what needed to be done happen with what existed.
It took no small amount of doing, but we secured a set of maps that covered the entire country. We were watched very closely by the shiny suit squad that we did not copy, photograph or otherwise take any extraneous information from these sheets of infamy. All other maps in the country were intentionally skewed, with errors deliberately added in to confuse “interlopers, spies, or other personas non grata”.
I made a massive stink and told them that if we didn’t receive the unfuckered maps, aerial photographs and satellite imagery pronto, we’re packing up and leaving that afternoon.
“We don’t have time for monks resisting the carnival. We didn’t come here to try and guess if the maps are correct or if our remedies will actually work on maps that say one thing and reality says something else entirely.”
They hemmed and hawed, but as I made the announcement to all before lunch that if the real maps didn’t appear by the time we returned from tiffin, we’re gone.
And we take tiffin purty durn early round these parts, buckaroo.
No one was surprised as I when we returned and there were folio after folio of government-uncensored maps, photos, and imagery for our program. I guess they finally reasoned it would be a relatively good idea to begin to take us seriously.
We spent one whole day just going over our field geological apparatus. They had a good idea of how to use a direction-finder compass and Jacob’s staff to measure sections. However, they were totally flummoxed by our Brunton Compasses, GPS systems, curiously referred to as ‘position finders’, notebook mapping applications, and electronic data storage and retrieval systems.
Gad. It was like being back in the 1970s before PCs were a glimmer in IBM's corporate orbs.
We spent the next week working to bring our less fortunate colleagues up to, well, not date, but at least up to the brink of the 21st century. We explained that plate tectonics, continental drift, and the precession of the continents was accepted geoscientific principles, not some arcane Capitalist or Socialist plot to undermine the quality of science in the east.
Yep. It was that mindset we had to first conquer. I think we’ve made great headway in that direction today.
The next Chautauqua session had us split up into two separate groups. We decided in a fit of Cesarean inquiry to ‘divide and conquer’. There are two distinct milieus which are able to contain economic deposits of hydrocarbons: onshore and offshore.
Instead of attacking both head-on, we’d focus initially on the offshore domain. Once we had a good handle on what was going on under the East Korean Sea, the Huangai (Yellow) Sea and surreptitiously, the South Sea; we’d collaborate our findings and work to tie them in and extend them onshore.
The singular Phyongnam Basin is the one large depositional, sedimentological, and structural basin in North Korea. It is filled by the Joeson and Pyeongan Supergroups of sediments, which are Cambro-Ordovician and Permocarboniferous, respectively. These are good hunting grounds for oil and gas. Could be elephant–hunting country.
But before we could undertake that, we had to get ‘back to basics’. That is, we had to understand and delineate the ‘frame’ of the Korean Peninsula. In other words, we needed to figure out how and when the peninsula came into existence.
South Korea’s geology is much more complex, fortunately than that found in the North. There were nasty side comments that were due to the relative development not of the geology, but of the geologists who studied each country’s geology.
It was, perhaps, a mean way of characterizing the situation. But, unfortunately, it was also probably fairly accurate.
The Korean Peninsula is characterized by huge massifs, which are sections of a crust that are demarcated by faults or flexures. In the movement of the crust, a massif tends to retain its internal structure while being displaced as a whole. The term also refers to a group of mountains formed by such a structure. It’s basically one huge, semi-resilient rock.
The basement rocks of the Korean Peninsula consist of high-grade gneiss and schist, Paleoproterozoic Precambrian massifs, which formed in the early stage of Earth’s history. These rocks are unconformably overlain by metasedimentary rocks; schist, quartzite, marble, calcsilicate, and amphibolite, of the Middle to Late Proterozoic. The Korean Peninsula is floored by a collation of about five of these huge Precambrian massifs that acted like ‘microplates’ during the aggregation of the peninsula. These massifs consist of thick dolostone, metavolcanics, and schist, which were intruded by Paleoproterozoic granites.
These Paleoproterozoic metasedimentary and granitic rocks underwent repeated intracrustal differentiation, followed by the events of cratonization, i.e., regional metamorphism and igneous activity, at 1.9-1.8 Ga. Sediments deposited in the peripheral basins during the Mesoproterozoic and Neoproterozoic lead to stabilization as the basement of the peninsula.
These early depositional basins formed the locus of deposition that continued on from the Proterozoic through the Phanerozoic. There are at least three, perhaps four, depositional basins in the south which are delimited by structural zones, such as the South Korean Tectonic Line (SKTL), a huge zone of continental transform faults and forms the basis of boundary demarcation between the Okcheon and Taebaeksan basins.
The boundary between the Seochangri Formation of the Okcheon Basin and the Joseon Supergroup of the Taebaeksan Basin in the Bonghwajae area is a thrust (or reverse‐slip shear zone). This thrust is presumably a relay structure (i.e. a restraining bend) between two segments of a continental transform fault (the South Korean Tectonic Line or SKTL), along which the Okcheon Basin of the South China Craton was juxtaposed against the Taebaeksan Basin of the North China Craton during the Permian–Triassic suturing of the two cratons.
In the late Proterozoic, sedimentation was initiated in basins of the Korean Peninsula, accompanied by deposition of siliciclastic and volcaniclastic sediments as well as carbonates. The massifs were submerged in the Early Paleozoic during a greenhouse period, forming a shallow marine platform and associated environments.
The Cambrian-Ordovician succession unconformably overlies Precambrian granite gneiss. It consists of mixed carbonate-siliciclastic rocks of sandstone, shale, and shallow-marine carbonates. Sedimentation was initiated in the Early Cambrian with a global rise in sea level on the stable craton of the Sino-Korean Block.
There was a major break in sedimentation during the Silurian and Devonian periods in the entire platform. During the Carboniferous to early Triassic, sedimentation was resumed in coastal plain and swamp environments with progradation of deltas.
Major tectonic events were initiated in the Triassic when the South China Block collided with the Sino-Korean Block. The eastern part of the Sino-Korean Block rotated clockwise and moved southward relative to the South China Block along the SKTL.
In the Middle-Late Jurassic, orthogonal subduction of the paleo-Pacific plate under the Asian continent caused compression and thrust deformation. A number of piggyback basins formed along the thrust faults in the east of the SKTL. At the same time, the entire peninsula was prevailed by granite batholiths, especially along the northeast-southwest-trending tectonic belt.
In the Cretaceous Period, the paleo-Pacific Plate subducted northward under the Asian continent, forming numerous extensional (left-lateral strike-slip) basins in the southern part of the peninsula and the Yellow Sea. A large back-arc basin was initiated in the southeastern part.
In the Paleogene, both the volcanic arc and the back-arc basin ceased to develop, as volcanic activities shifted eastward, accompanied by a rollback of the subduction of the Pacific plate. In the Miocene, pull-apart (right-lateral) basins formed in the eastern continental margin.
The Korea Plateau experienced continental rifting accompanied by extensive volcanism during the extensional opening of the southern offshore basin. It subsided more than 1000 m below sea level.
So, as South Korea was mix- mastered by a half-a-billion years’ worth of structural tectonism, which created several depositional basins quite capable of generating and storing economic quantities of oil and gas, the scene to the north was much more quiescent.
The North was composed, from south to north, of the relict Imjingang Belt, which was an old back-arc basin between the Gyeonggi Massif to the south and the Nagrim Massif to the north. It is a paleo-subduction zone, full of volcanics, volcaniclastics and other non-hydrocarbon bearing rocks. It was mashed and metamorphosed, and basically forms a convenient boundary between the complex geology of the South and the more relaxed geology of the North.
Heading north, we come across the Pyeongnam Basin, the only North Korean basin thus far defined that could contain hydrocarbons. Further north is the huge Nangrim Massif. It’s a huge block of igneous and metamorphic rocks that weather very nicely and form some spectacular scenery, but from an oil and gas economic outlook are worthless.
Offshore North Korea, there are two possible petroliferous basins. The offshore West Korea Bay Basin and East Sea Basin, along with five onshore basins could be offering exploration potential. At least ten exploration wells have been drilled in the West Sea, with some showing “good oil shows” along with the identification of a number of potential reservoirs.
The West Sea potentially has oil and has reportedly flowed oil at reasonable rates from at least two exploration wells when they were drilled and tested in the 1980s. Meanwhile, the East Sea has seen Russian exploration efforts previously including the drilling of two wells, both of which reportedly encountered encouraging shows of oil and gas.
Onshore, there has been little exploration to date, apart from efforts by the Korean Oil Exploration Corporation and also recently by Mongolia’s HBOil JSC (HBO). Among five main onshore sedimentary sub-basins, the largest is south of the capital; while unconfirmed reports point to a 1-trillion-cubic-foot (tcf) discovery in 2002.
Historically DPRK was thought to consist of five under-explored geological basins, the
• Pyongyang,
• Zaeryong,
• Anju-Onchon,
• Gilju-Myongchon and
• Sinuiju, Basins.
These basins are all located more or less along the coast, rather than inland. This also points to a certain degree of geological aptitude; as it’s much easier to explore along the more populated coast than it is to venture inland. There may be more hiding in the interior of the country, it’s just that no one’s looked as of yet. That’s difficult. Exploring along the coast is much easier.
With 3 basins supposedly proven to have working petroleum systems; 22 wells have been drilled and the majority are said to have encountered hydrocarbons with some wells testing production at 75 barrels of oil per day of light sweet crude oil. This has yet to be documented or confirmed by the Korea Oil Exploration Corp (KOEC), North Korea’s state-run oil company.
Yeah, our work was definitely cut out for us.
It was decided that a series of excursions offshore in one of the few remaining seaworthy, which was a real judgment call, KOEC seismic boats would be appropriate. The one we received use of was an old, decommissioned Chamsuri-class patrol boat, one Chamsuri-215(참수리-215), PKMR-215 in particular.
It had been basically stripped to the gunwales and completely retrofitted as a seismic acquisition and recording vessel. It had been renamed: “조선 민주주의 인민 공화국 영광” or “Glory of Democratic People's Republic of Korea Science”.
In reality, it was an aging rust-bucket piece of shit that might have possibly seen better days but wasn’t letting on. All the military nonsense, except the powder magazine, had been removed and a new superstructure consisting of slap-dash hunks of poorly-welded low-carbon, cold-rolled steel were erected to form a pilothouse in the area where the bridge once existed. They also built, extra haphazardly, a shooter’s room, galley, cold and wet storage areas, recording room, and storage of tapes and the extra bits and pieces needed for a none-too-extended stay on the sea. It was, being charitable, almost utilitarian.
They could not make their own water, so trip times were limited to about three days in length. Besides, they didn’t really have a hot galley, so it was cold, canned Chinese chow for the next 72 hours. They had a couple of fairly sturdy yardarms with heavy winches to handle the towed seismic arrays of geophones, which were of ancient heritage and showed it. These were probably appropriated back in the 80s or perhaps earlier when they first thought about opening their waters for seismic exploration.
They ‘borrowed’ most of the sensing and recording equipment back then from oilfield service companies and simply forgot to return it once finished. Since they burned that bridge so glowingly, they couldn’t get parts nor service when things failed. Being delicate seismic sensing and recording equipment, fail they did.
So, we had to use what was leftover, or what DPRK industries could cobble together, or what could be salvaged from salt-water drenched recording equipment that hadn’t been too heavily cared for over the span of the last 50 years.
We weren’t terribly optimistic.
So, we load the good ship ‘Rorrypop’, as Viv christened the thing, and head out to the wilds of the Yellow Sea. It was an abbreviated foreign crew, as there was really nothing other than upchuck and curse me soundly for insisting the non-geophysical scientists came along.
Aboard were the two geophysicists, naturally; Volna and Activ. I was there stick-handling the logistics and hoping to help out with the geophysical signal source explosives.
Morse and Cliff, the two other geologists accompanied us on the trip, and Dax decided to go with me as he figured I’d have access to the best booze no matter where we went.
The remainder of the team, the geochemists, Erlan and Ivan, the geomechanic, Iskren, the PT, Joon, and the two REs, Viv and Grako, remained behind onshore at the hotel. They set forth cataloging what data was available; from what sources, it’s vintage, veracity, and usefulness.
Augean tasks, both. Not as fecaliferous as Hercules’ jobs, but still, they held their own rations of shit for each sub-team.
Heading seaward, the Yellow Sea extends by about 960 km (600 mi) from north to south and about 700 km (430 mi) from east to west; it has an area of approximately 380,000 km² (150,000 mi²⁾ and a volume of about 17,000 km³ (4,100 mi^3).[4] Its depth is only 44 m (144 ft) on average, with a maximum of 152 m (499 ft). The sea is a flooded section of the continental shelf that formed during the Late Pleistocene (some 10,000 years ago) as sea levels rose 120 m (390 ft) to their current levels. The depth gradually increases from north to south. The sea bottom and shores are dominated by sand and silt brought by the rivers through the Bohai Sea and the Yalu River. These deposits, together with sand storms are responsible for the yellowish color of the water referenced in the sea's name.
Being shallow, the Yellow Sea is more perturbed by the frequent seasonal storms of the region. The area has cold, dry winters with strong northerly monsoons blowing from late November to April. I was told that the summers are wet and warm with frequent typhoons between June and October; but now all we had to contend with were swelling seas, spraying saltwater, waggling waves, and a shivering, shimmying ship.
All the navigation, communications and other shiply duties were being handled by both members of the DPRK Coast Guard Auxiliary, mostly older guys who were of great and high humorous jest; and an actual pleasure to be around. They were like their scientific cadre on this cruise, basically a political ‘give a shit’ attitude, and a desire to get the job done, smoke the American’s cigars and drink as much as we could get away with.
The scientific portion of the cruise was being undertaken by students of the various universities and members of the North Korean national oil company. The demeanors of these characters ranged from extremely earnest and stringently North Korean politically correct in the students and academicians, to a more relaxed ‘yeah, let’s just get the fucking job done so we can have a lot of drinks’ sort of view of the older members of the DPRK scientific team.
It was a fun admixture of cultures, ages, professions, and behaviors.
Oh, forgive me for forgetting to mention our ‘guides’, or handlers. They were also chosen, nay, ordered to come along. Landlubbers all, they were less than thrilled with the assignment and inevitable seasickness; which seemed endemic to those of Oriental extraction on the cruise. However, our guides did enjoy drinking. As we learned that alcohol is a central part of Korean culture, and they encouraged us to socialize with them when the time was appropriate.
Or, not appropriate, as I was being denounced by one of the geophysical students after only a few hours into our very first day. Hell, we weren’t even in the Yellow Sea proper. We started here at Pyongyang, down the Taedong River, over the Giva Dam, through Pushover, across Shmoeland, to the stronghold of Shmoe; into the very belly of the frothing Yellow Sea.
Most everyone, other than the foreign elements on board, were either making the trip in the bowels of the ship; nursing and cursing seasickness; or by rail, doing exactly the same thing.
“Chum it over the side, ya’ blinkered mucker!”, I admonished one bottle-greenish national. “This ain’t the Captain‘s mess, Chuckles. You have to clean up your own spew!”
I was reveling in getting back out on the water and regaining my sea legs. I never get seasick.
Never.
Ever.
Be it a seismic vessel in the heaving Arctic Ocean, a pirogue in the swamps of Louisiana, my cousin’s fishin’ johnboat back in northern Baja Canada, a US nuclear submarine under the permanent pack ice of the North Pole, or VLCC in the Straits of Somaliland; I just don’t get seasick.
Airsick? Nah. Carsick? Nope. Ready to puke in a Hind-20 over the Caspian Sea during a strong local thunderstorm? Close, but no cigar.
So, I’m doing a Titanic scene recreation. Up in the very bow of the craft, standing in stark defiance of the gusting winds and blowing salt spray, smoking a huge cigar, and totting out of one of my emergency flasks while trying to hang on to my Stetson. I am also endeavoring to remain upright, field vest and really, really ghastly Hawaiian shirt billowing in the breeze.
I’m not certain if it was the cigar smoke, the wind-whipped beard, and hair, the give a fuck attitude, or the flapping of the Hawaiian shirt to which the little local geophysicist objected. But he was pissed. Olive-green with seasickness, rubber-kneed but still standing a good social-distance away, reading me the riot act in high-pitched Korean.
As I usually do in such delicate situations, I just smile and wave. Show them I’m mostly harmless and they either cool down or get pissed off even more and stomp off in disgust.
Either one was a winning situation for me in my book.
So, I return to doing my ship’s figurehead imitation and revel in the wind, spray, and feeling of really being booming. Sure, some might complain of the cold, but not me, the sting of the salt-spray or the windburn; but I eschew what most people enjoy as ‘normal weather’. I live for pushing the boundaries. I love rough weather and situations that thrust the edge of the envelope further past normalcy.
Besides, we were still in sight of land. Hell, if everything went south at this very minute, one could practically walk back to shore. I can hardly wait to see what these wigglers will do if a night storm comes up when were 100 or more kilometers from land.
The boat’s thrumming heavily from both the thrust of the Soviet-era diesel engines and the craft’s bludgeoning its way through the waves. Most hull designs are so the ship will ‘cut’ through the surface waters. This craft’s flattened trihedral hull design didn’t so much ‘cut’, as ‘slam’ it’s way through. The boat would then crash up one side and smash down the other of each large wave we encountered. The boat would shudder whole, adding a new note of resonance along with the monotonous one-note song of the aged Russian diesels.
The spray would fly, the boat would convulse, time would seem to freeze until we bashed into the next wave. The captain of the vessel took his orders very seriously. “Get to coordinates XXX and YYY by the most expedient means possible.” If that meant charging, full-throttle into the teeth of the oncoming monsoon-force wind while we were traversing the worst kelp jungle I’ve seen this side of the Sargasso Sea; well, piss on it, full steam ahead.
“Fuck it”, I thought, “Not my pony, not my show. Let’s see how this plays out.” While I light a new cigar and search for Emergency Flask #2.
After I’d been upbraided by the geophysical student for transgressions still unknown, Cliff and Dax wander out to ask me what the hell I was up to.
“Have you gone completely barmy?”, Cliff asked. “It’s a full gale out here and you’re standing in the teeth of it like it was a warm, sunny Sunday in Piccadilly.”
“Nope, not at all”, I replied, “Just reveling in the delights of an angry atmosphere.”
“He’s nuts, I told you”, Dax smirked, “He’d go anywhere and do anything to have a cigar.”
“Not just a cigar, me old mucker”, I smiled and waved my second emergency flack under his nose.
“Figures”, they both respond in unison.
Dax departs and returns mere seconds later with paper Dixie-style cups he liberated from the ship’s one head. We are going to do our very best to extend the lifetime of the onboard water supply for our scientific and military friends. I pour them each a cup full.
“Whoa, Doc”, that’s gotta be 100 milliliters!” Cliff objects.
“As the Siberian saying goes: One hundred versts, roughly a hundred miles, is no distance. A hundred rubles isn't worthwhile money. And a hundred grams of vodka just makes you thirsty. Prosit!” I say in reply.
We retire to the overhang on the fantail of the boat. It’s a sunshade and keeps the worst of the weather out for the lightweights on the cruise. I decided we’d withdraw there to keep these Dominionites out of the worst of the wind and sea spray.
“Rock”, Cliff notes, “You are a complete throwback. You do not belong here in the 21st century. You need to find a way back to the Calabrian and ride herd on the continental Neanderthals. Give them the gift of distilling and tobacco agriculture, and you’d reframe the world.”
Dax agrees, but notes if I do find a way back, he and Cliff would be selected against.
“Good point”, Cliff agrees. “Rock, stay here. We need your expertise now more than ever. Plus your ready supply of strong drink and cigars.”
“Glad to know that I’m truly appreciated around these parts.” I chuckled slightly acridly.
“Ah, Rock. Buck up. You know we’re only takin’ a piss.” Cliff says.
“Aim it starboard. Don’t want it blowin’ all over the seismic gear”, I reply, laughingly.
The trip continued, and I found a not-bolted-to-the-deck chair and moved it outside under the shade back by the boat’s fantail. I refreshed my emergency flasks and replenished my cigar supply. I’m not about to sit inside and listen to the wails and gnashing of teeth of the landlubber crowd, the patter and timor of the geophysical throng as they titter and argue about array design, nor the military hut-hutting all over the fucking boat.
A couple of times, one or more of our ‘handlers’ would venture out as I had the only supply of readily available smokeables and drinkables. Oh, we had food, lots of beer, soju, some knock-off vodka, and some of that faux homebrew bourbon for later once the workday was declared over; but for now, I was the one and only dispensary.
We’d have some random chats while they screwed up their courage to ask me for a smoke or a tot of drink. I brought several bundles of really cheap-ass cigars for just such occasions; besides, I figured one of my Camacho triple-maduros would have them chumming for the remainder of the trip. I had also many, many cartons of Sobranie pastel-colored cigarettes, and many more cartons of knock-off Marlboros I bought at the duty-free when we hit town.
It was chucklingly funny to see these harsh, military, no-nonsense characters walking their duty beats smoking pastel green, lavender, and mauve cigarettes.
We got bogged down a couple of times when one or more of the ship’s twin screws fouled with kelp as we tried to put some distance between us and the shore. Each time, one really dejected low-ranking young Coast Guard character would go over the side with a rope around his waist and a knife in his hand to free the props. I was going to object as this was moronically dangerous; but, again, not my pony, not my show. This called for full proper tethering and SCUBA gear.
They had neither aboard.
Welcome to the wonders of a centrally planned economy.
To be continued.

Good morning, hope everyone trades responsibly, let’s make some money!

DOW JONES

Boeing Company (BA) - Air Lease (AL) updated on its order book deliveries, sales and new significant financing occurring in Q2; at the end of the quarter, its fleet was comprised of 301 owned aircraft and 81 managed aircraft, with 398 new aircraft on order from Boeing and Airbus (EADSY) set to deliver through 2026; it delivered one new Airbus A320neo aircraft from its order book, and sold four aircraft.
Johnson & Johnson (JNJ) is facing calls from over 170 nonprofit groups to stop selling its talc-based Baby Powder worldwide, over concerns that it contains cancer-causing Asbestos, while some are also calling for the clearing of existing inventories.
Walgreens Boots Alliance (WBA) Q3 20 (USD): Adj. EPS 0.83 (exp. 1.17), Revenue 34.6bln (exp. 34.36bln), FY20 Adj. EPS view 4.65-4.75 (exp. 5.42); Suspending share repurchase programme, raises quarterly dividend to USD 0.4675/shr, a 2.2% increase. US Retail Pharmacy SSS +3.0% (exp. +1.2%). Most significant COVID-19 impact was in the UK market which required a review resulting in a non-cash impairment charge of USD 2bln. Boots (UK) will be cutting around 4,000 jobs. Annual cost savings to be in excess of USD 2bln by FY2022.

NASDAQ 100

Alphabet Inc (GOOG/GOOGL) said it has shut down its cloud project named “Isolated Region” and added that it was not weighing options to offer its cloud platform in China; earlier reports had stated that GOOG had shelved the project in China and other politically sensitive countries in May, partly due to rising geopolitical tensions and the pandemic; GOOG, however, added that the project’s shutdown was not due to either of those two reasons and that it has not offered cloud platform services in China.
American Airlines Group (AAL) / United Airlines (UAL) have temporarily halted flights to Hong Kong after its government-imposed coronavirus testing requirements for airline crews, according to Politico.
Costco Wholesale Corp. (COST) June sales update saw comparable sales (ex-gasoline and FX) rose 13.6% in the June five-week period, accelerating from the +9.2% seen in May, beating forecasts for around 9% growth.
Facebook, Inc. (FB) announced it is starting a chat with a business using QR codes, where people can scan QR codes businesses show at stores, product packaging or receipts to start a chat. It notes there are over 50mln WhatsApp Business app users globally every month.
Gilead Sciences (GILD) plans to make more of its drug remdesivir available for Germany and Europe from the fall, and will decide how much each country gets based on the rate of infection; it added that it could increase its worldwide monthly production from currently 190,000 treatment cycles to two million treatment cycles in December. Remdesivir is currently the only drug granted a conditional marketing authorisation by the EU for its use in COVID-19 patients.Oracle Corp. (ORCL) (Information Technology/Application Software) has been awarded a cloud services agreement by the Canadian government.

S & P 500

Carnival Corp. (CCL) Aida cruises are to recommence sailing vacations in August.
Ford Motor (F) said its China vehicle sales increased 3% in April-June from a year earlier, its first quarterly sales rise in China in almost three years; China sales grew by 158,589 units in Q2, attributed to the rise to a stronger vehicle line up and “strong demand following the lifting of COVID-19 pandemic restrictions”.
Mylan NV (MYL) announced it received FDA approval for its Hulio, a biosimilar to AbbVie Inc. (ABBV) Humira, for the treatment of rheumatoid arthritis.
Twitter, Inc. (TWTR) has been accused of being biased against conservatives and demanded information about its reactions to two tweets by President Donald Trump; two GOP lawmakers allege TWTR’s content moderation was not neutral. Meanwhile, analysts at Citi note its shares overreacted to the potential subscription service reports yesterday. Analyst Jason Bazinet says although it makes sense, there are many unknowns, such as the price and whether or not it will have advertisements. The analyst highlights that a consumer survey shows roughly 10% of its respondents were willing to pay for a USD 5/mth plan without ads and more analytic services. Citi estimates if such a service were to occur, it would be priced at USD 20/year internationally and USD 60/year in the US, assuming a 5% penetration for base case and 10% for its bull case with advertisements, the analyst believes the revenue contribution would be limited. Citi maintain a neutral rating.
United Continental Holdings (UAL) expects to recognise USD 300mln in employee separation charges in Q2, with USD 50mln to be in cash.
ViacomCBS (VIAC) reached a deal to stream all the UEFA Champions League and Europa League matches starting in August.

OTHER

Bed Bath & Beyond (BBBY) Q1 20 (USD): Adj. EPS -1.96 (exp. -1.22), revenue 1.31bln (exp. 1.39bln). Announced it is to close 200 stores over two years as sales fell around 50% during pandemic; BBBY said it was not reporting comp sales due to temporary store closures.
DocuSign (DOCU) had its PT upgraded at Wedbush to USD 240 (prev. USD 165, prev. closing price 206.35). The analyst “continues to believe DOCU’s deal flow is holding up well/stronger than expected in this Covid-19 pandemic environment which bodes well for strong underlying metrics/headline numbers during FY2Q”.
DraftKings (DKNG) and Twin River Worldwide (TRWH) Mardi Gras Casino announced the opening of DKNG’s temporary sportsbook at the casino in Black Hawk, Colorado. Guests can place bets at the sportsbook from 10th July.
Energy Transfer (ET) provided further clarification around news reports regarding the operations of the Dakota Access Pipeline, stating that it has never suggested that it would defy a court order. Rather, Dakota Access Pipeline was seeking appropriate relief from that order through the established legal process.
Japan Display (6740 JT) : FY group net loss JPY 101.42bln (prev. net loss JPY 106.59bln), operating loss JPY 38.54bln (prev. loss JPY 27.23bln), recurring loss JPY 57.76bln (prev. JPY 40.37bln).
Moderna (MRNA) announced a collaboration for large-scale commercial fill-finish manufacturing of its vaccine candidate with Rovi.
PTC (PTC) expects to deliver fiscal third quarter 2020 ARR growth of 9% year over year, 10% in constant currency; and also expects to deliver double-digit revenue and free cash flow year-over-year growth for the fiscal third quarter 2020; it will report results on 29th July.
Restaurant Brands (QSR) Burger King in the UK is warning of 1,600 potential job losses as it could close up to 10% of its restaurants
SAP (SAP GY, SAP) – Q2 prelim: total revenue EUR 6.74bln, +2% (+1% non-IFRS), operating profit EUR 1.28bln, +55% YY (+8% non-IFRS), non-IFRS cloud revenue EUR 2.04bln +21% YY (19% non-IFRS). At present, cloud backlog seen at EUR 6.65bln, +20%, cloud backlog remains strong but cloud revenue in Q2 was impacted by lower pay-as-you-go transactional revenue given COVID-19. Reiterates FY20 outlook. For FY20: confirm non-IFRS revenue EUR 27.8-28.5bln vs. Prev. EUR 27.6bln, cloud revenue EUR 8.3-8.7bln vs. prev. EUR 7.0bln, operating profit EUR 8.1-8.7bln vs. Prev. EUR 8.2bln. Have seen a strong sequential improvement compared to Q1 regarding software license revenue. Q2 & H1 results will be released on 27th July.
Siemens (SIE GY, SIEGY) – Are to spin off 55% of Siemens Energy to shareholders will equate to 1 Siemens Energy share for 2 Siemens shares. Initial listing of new shares is scheduled for 28th September 2020, will commence with a BBB rating at S&P. Siemens will retain a 35.1% stake in the spin-off and the Siemens pension trust an additional 9.9% stake, as such Siemens no longer has a controlling share. Further stake reductions could take place at a significant scale in the next 12-18 months. Separately, Co. are not planning any job reductions from COVID-19. For reference, in FY19 Siemens Energy generated revenue of circa EUR 29bln according to Siemens AG combined statements.

Additional US Equity Stories

Of note for Social Media names (FB, TWTR, SNAP), ByteDance is reportedly considering a change in the corporate structure to distance the app from China, and is also considering a TikTok HQ outside of China, according to WSJ.
Peloton (PTON) new product will probably not be a rowing machine or exercise bike, its CFO announced, but it could potentially be a lower price treadmill. The CFO stated the co. believes “the running and boot camp category is two-to-three [times] the size of the bike category”, adding it is first and foremost on their minds, reports Barron’s.
Walgreens Boots Alliance (WBA) CFO says towards the end of Q3 online volume sales reached Black Friday levels on a daily basis, and May sales increased almost 120%, with June sales growth even higher.
Tesla (TSLA) CEO Musk announced the automaker was "very close" to developing fully autonomous vehicles and could work out the basics of that technology as soon as this year; he reiterated that the electric vehicle maker has solved most of the essential challenges toward achieving fully self-driven cars that needs no human behind the wheel. The Tesla and SpaceX chief was reaffirming a goal first expressed in 2019.
Delta AIrlines (DAL) CEO reiterates urge for workers to consider voluntary departure., and announced it flew 20% of customers over the July 4th weekend.

Good morning traders and investors of the wallstreetbets sub! Welcome to the new trading week and a fresh start! Here are your pre-market news this AM-

Today's Top Headlines for Monday, January 27th, 2020

• With the coronavirus spreading, world stocks are tumbling and perceived safer investments are rising. U.S. stock futures are sliding early Monday following Wall Street’s worst day of 2020 on Friday. The Dow already has a four-day losing streak in place, its longest since August, and is coming off its largest weekly loss in five months. The S&P 500′s weekly decline last week was its largest in nearly four months. (CNBC)
• Treasury yields move lower as coronavirus fears escalate (CNBC)
• Gold climbs to 2-week high as virus fears spark safety buying (Reuters)
• International oil prices drop below $60 as China virus drives demand concern (Reuters)
• More than 2,800 people in China are now infected by the fast-spreading Wuhan coronavirus while more countries have reported their first confirmed cases. Chinese officials have said there are 2,862 confirmed cases, with the death toll rising to 81. On Sunday, the United States on Sunday reported its fifth confirmed case in Arizona. (CNBC)
• Travel-related stocks are likely to be hit once again as coronavirus cases mount, including major airlines like United (UAL), Delta (DAL), American (AAL) and Southwest (LUV), and cruise line operators like Royal Caribbean (RCL), Norwegian (NCLH), and Carnival (CCL). Starbucks (SBUX) and McDonald’s have temporarily closed near the Chinese city of Wuhan.
• On today’s U.S. economic calendar, the government will release its December report on new home sales at 10 a.m. ET. Arconic (ARNC), DR Horton (DH) and Sprint (S) are among the companies issuing quarterly earnings this morning, while Whirlpool (WHR), Juniper Networks (JNPR) and Rambus (RMBS) report after the bell.
• Federal safety investigators launched a probe into a helicopter crash in the LA area that killed basketball legend Kobe Bryant and eight others, including his 13-year-old daughter, Gianna. The cause of the crash has not yet been determined. NBA athletes, officials and fans mourned Bryant’s death in messages and memorials across social media. (CNBC)
• ‘Terrible,’ ‘heartbreaking,’ ‘devastated’ — World leaders and athletes mourn the death of Kobe Bryant (CNBC)
• Athletes pay tribute to Kobe Bryant. ‘He was like a little brother to me’ Michael Jordan says (CNBC)
• A passenger plane crashed in central Afghanistan, senior Afghan officials said today. According to local media, the plane went down in territory under Taliban control. It was initially reported to be a jet from state-owned Ariana Afghan Airlines. However, the airline’s acting CEO has denied that one of their planes has crashed. (CNBC)
• President Donald Trump is expected to disclose details of his long-delayed Mideast peace proposal to Israeli leaders today. Trump will hold separate, back-to-back meetings with Israeli Prime Minister Benjamin Netanyahu and Benny Gantz, head of the centrist Blue and White Party. Gantz is Netanyahu’s rival in March 2 elections. (Reuters)
• Trump’s impeachment trial enters a pivotal week as his defense team resumes its case and senators face a critical vote on whether to hear witnesses or proceed directly to a vote that is widely expected to end in his acquittal. The articles of impeachment charge Trump with abuse of power and obstruction of Congress. (AP)
• Democrats stepped up their calls for former national security advisor John Bolton to testify at the trial after an explosive report alleged that in his unpublished book, he said Trump personally tied Ukraine aid to an investigation of the Bidens, an account that conflicts with the president’s. (NBC News)
• Trump denies telling Bolton Ukraine aid was tied to investigations (The Hill)
• Sen. Bernie Sanders holds an edge in the 2020 New Hampshire Democratic primary as the key presidential nominating contest nears, according to an NBC News/Marist poll. The Vermont senator garners the support of 22% of likely Democratic primary voters in the Granite State, the survey found. Ex-Mayor Pete Buttigieg trails at 17%. (CNBC)
• Sen. Elizabeth Warren seeks spark in final Iowa push after getting Des Moines Register endorsement (AP)
• U.S. state attorneys general will meet Justice Department attorneys next week to share information on their investigations into Google (GOOGL), Reuters reported. * The probes revolve around monopolistic behavior that may harm consumers through Google’s control of online advertising markets and search traffic.

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($AAPL $TSLA $AMD $AMZN $MSFT $FB $BA $GE $MA $T $V $SBUX $PYPL $MCD $LMT $MMM $DHI $PFE $UTX $KO $UPS $S $NURO $HMST $VZ $HCA $XLNX $ARNC $XOM $CAT $BX $PGR $LRCX $GD $PHM $NVR $PII $SALT $BIIB $NOW $ANTM $NUE $ALK $PLUG $MPC)

(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

($DHI $NURO $HMST $S $ARNC $NVR $SALT $BMRC $RDY $BOH $OPB $ARLP $PROV $NWBI)

(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)

THIS AFTERNOON'S POST-MARKET EARNINGS CALENDAR:

()

([CLICK HERE FOR THIS AFTERNOON'S EARNINGS CALENDAR!]())

T.B.A.

EARNINGS RELEASES BEFORE THE OPEN TODAY:

(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)

EARNINGS RELEASES AFTER THE CLOSE TODAY:

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)

NONE.

FRIDAY'S ANALYST UPGRADES/DOWNGRADES:

(CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #1!)

(CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #2!)

(CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #3!)

(CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #4!)

FRIDAY'S INSIDER TRADING FILINGS:

(CLICK HERE FOR FRIDAY'S INSIDER TRADING FILINGS!)

TODAY'S DIVIDEND CALENDAR:

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR!)

THIS MORNING'S MOST ACTIVE TRENDING TICKERS:

• SPY
• NNVC
• BABA
• QQQ
• SPCE
• TVIX
• APT
• ABBV
• DJIA
• DIA

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

D.R. Horton (DHI) – The homebuilder earned $1.16 per share for its fiscal first quarter, beating the consensus estimate of 92 cents a share. Revenue also topped forecasts. New orders were up 19% on a volume basis and up 22% in value. The company also raised the upper end of its full-year home sales forecast.

STOCK SYMBOL: DHI

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Arconic (ARNC) – Arconic missed estimates by a penny a share, with adjusted quarterly earnings of 53 cents per share. Revenue came in shy of Wall Street predictions. The maker of engineered metals products saw a 1% improvement in organic revenue on factors like favorable pricing and raw materials costs, partially offset by some weakness in its automotive and commercial transportation markets. Arconic also said it would complete its planned split of its aerospace components and aluminum rolling businesses into two companies on April 1.

STOCK SYMBOL: ARNC

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Travel-related stocks – These are likely to be hit once again as coronavirus cases mount – including major airlines like United Airlines (UAL), Delta Air Lines (DAL), American Airlines (AAL), and Southwest (LUV), and cruise line operators like Royal Caribbean (RCL), Norwegian Cruise Line (NCLH), and Carnival Cruise Lines (CCL). Casino stocks like Wynn Resorts (WYNN) and Las Vegas Sands (LVS) are also being hit.

STOCK SYMBOL: UAL

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Starbucks (SBUX) – Starbucks has temporarily closed all its shots in China’s Hubei province and suspended delivery services, amid health concerns for customers and employees amid the spread of the coronavirus.

STOCK SYMBOL: SBUX

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Estee Lauder (EL) – Oppenheimer downgraded the cosmetics maker to “perform” from “outperform.” The firm cited the stock’s premium valuation coupled with concerns about the coronavirus impact on a company that has seen China represent a key driver of recent growth.

STOCK SYMBOL: EL

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Boeing (BA) – Boeing completed a successful maiden voyage of its 777-X jet over the weekend, a respite for the jet maker amid the ongoing grounding of its 737 Max jet.

STOCK SYMBOL: BA

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

AbbVie (ABBV) – AbbVie sold a number of assets to Nestle and AstraZeneca (AZN), as it seeks to win regulatory approval for its $63 billion acquisition of drugmaker Allergan (AGN).

STOCK SYMBOL: ABBV

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Fiat Chrysler (FCAU) – Fiat Chrysler filed court motions Friday to dismiss a lawsuit filed by rival automaker General Motors (GM). Fiat Chrysler said GM does not have sufficient grounds to bring a racketeering case that alleges bribery of union officials.

STOCK SYMBOL: FCAU

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Kraft Heinz (KHC) – Kraft Heinz CEO Miguel Patricio told The Wall Street Journal that he wants to food maker to make fewer but bigger bets on new products, as its older brands suffer a sales decline.

STOCK SYMBOL: KHC

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Alphabet (GOOGL) – State attorneys general will meet with Justice Department officials to share investigative material involving Google, according to The Wall Street Journal.

STOCK SYMBOL: GOOGL

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Winnebago Industries (WGO) – The RV maker was rated “overweight” in new coverage at KeyBanc, which sees recreational vehicle shipments stronger than consensus for 2020 and is also optimistic about the increasing benefits of Winnebago’s 2016 acquisition of towable vehicle maker Grand Design.

STOCK SYMBOL: WGO

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

DISCUSS!

What is on everyone's radar for today's trading day ahead here at wallstreetbets?

I hope you all have an excellent trading day ahead today on this Monday, January 27th, 2020! :)

Questions:
Has anyone used the "stock" discount for the cruises?
Is this a good time to do this?
I can't find the thread I found someone mention to get credits on cruises as shareholders. I found a link below saying I need 100. One doesn't have a link to FAQs, the other shows a PDF but says its through July 31, 2010.
100 shares of Carnival Corporation @ 11 = $1100 100 shares of Royal Caribbean Cruises Ltd. @ 34 = $3400
Found at https://www.cruisecompete.com/shareholderbenefits.php

Cruise Shareholder Benefits Instructions
Cruise travelers who own at least 100 shares of stock in Carnival Corporation (CCL) or Royal Caribbean (RCL) can receive up to $250 in onboard credits during their next vacation at sea. Just follow the instructions below to secure your shareholder benefit.
Royal Caribbean Cruises Ltd. Royal Caribbean International Celebrity Cruises Azamara Cruises The onboard credit is offered exclusively to shareholders that directly own a minimum of 100 shares of Royal Caribbean Cruises Ltd. at time of booking. To take advantage of this offer, the following items must be submitted:
A photocopy of your shareholder proxy card or a current brokerage statement showing proof of ownership of at least 100 shares of Royal Caribbean Cruises Ltd. Your name (the owner of the 100 shares will receive the onboard credit.) Your home address, telephone number and e-mail address Your ship and sailing date Your confirmation number Your Captain's Club or Crown & Anchor Society Number (if any) Please send the above to:
Royal Caribbean Cruises Ltd. Investor Benefit P.O. Box 02511 Miami, FL 33102-5511
Alternatively, you may fax all of the required documentation (in a single fax) to 305/539.4645, or mail .jpeg images of all required documentation to [email protected].
Note: RCL has imposed additional restrictions about how benefits can be used and combined with other offers. See RCL's FAQ for more details.
Carnival Corporation Carnival Cruise Lines Princess Cruises Holland America Costa Windstar Seabourn Cunard Line The onboard credit is available exclusively to shareholders holding a minimum of 100 shares of Carnival Corporation or Carnival Plc. Employees, travel agents cruising at travel agent rates, tour conductors or anyone cruising on a reduced-rate or complimentary pass are excluded from this offer.
This benefit is not transferable, no combinable with any other shipboard offer and cannot be used for casino credits/charges and gratuities charged to your onboard account. Only one onboard credit per shareholder-occupied stateroom.
Shareholders must provide the following information with the initial deposit to your travel agent:
Name Proof of ownership of Carnival Corporation or Carnival plc shares (i.e. photocopy of shareholder proxy card, shares certificate or a current brokerage or nominee statement). Reservation number Ship and sailing date See Carnival's official announcement here.

Extra: Reddit search is so bad

Good morning traders and investors of the smallstreetbets sub! Welcome to the new trading week and a fresh start! Here are your pre-market news this AM-

Today's Top Headlines for Monday, January 27th, 2020

• With the coronavirus spreading, world stocks are tumbling and perceived safer investments are rising. U.S. stock futures are sliding early Monday following Wall Street’s worst day of 2020 on Friday. The Dow already has a four-day losing streak in place, its longest since August, and is coming off its largest weekly loss in five months. The S&P 500′s weekly decline last week was its largest in nearly four months. (CNBC)
• Treasury yields move lower as coronavirus fears escalate (CNBC)
• Gold climbs to 2-week high as virus fears spark safety buying (Reuters)
• International oil prices drop below $60 as China virus drives demand concern (Reuters)
• More than 2,800 people in China are now infected by the fast-spreading Wuhan coronavirus while more countries have reported their first confirmed cases. Chinese officials have said there are 2,862 confirmed cases, with the death toll rising to 81. On Sunday, the United States on Sunday reported its fifth confirmed case in Arizona. (CNBC)
• Travel-related stocks are likely to be hit once again as coronavirus cases mount, including major airlines like United (UAL), Delta (DAL), American (AAL) and Southwest (LUV), and cruise line operators like Royal Caribbean (RCL), Norwegian (NCLH), and Carnival (CCL). Starbucks (SBUX) and McDonald’s have temporarily closed near the Chinese city of Wuhan.
• On today’s U.S. economic calendar, the government will release its December report on new home sales at 10 a.m. ET. Arconic (ARNC), DR Horton (DH) and Sprint (S) are among the companies issuing quarterly earnings this morning, while Whirlpool (WHR), Juniper Networks (JNPR) and Rambus (RMBS) report after the bell.
• Federal safety investigators launched a probe into a helicopter crash in the LA area that killed basketball legend Kobe Bryant and eight others, including his 13-year-old daughter, Gianna. The cause of the crash has not yet been determined. NBA athletes, officials and fans mourned Bryant’s death in messages and memorials across social media. (CNBC)
• ‘Terrible,’ ‘heartbreaking,’ ‘devastated’ — World leaders and athletes mourn the death of Kobe Bryant (CNBC)
• Athletes pay tribute to Kobe Bryant. ‘He was like a little brother to me’ Michael Jordan says (CNBC)
• A passenger plane crashed in central Afghanistan, senior Afghan officials said today. According to local media, the plane went down in territory under Taliban control. It was initially reported to be a jet from state-owned Ariana Afghan Airlines. However, the airline’s acting CEO has denied that one of their planes has crashed. (CNBC)
• President Donald Trump is expected to disclose details of his long-delayed Mideast peace proposal to Israeli leaders today. Trump will hold separate, back-to-back meetings with Israeli Prime Minister Benjamin Netanyahu and Benny Gantz, head of the centrist Blue and White Party. Gantz is Netanyahu’s rival in March 2 elections. (Reuters)
• Trump’s impeachment trial enters a pivotal week as his defense team resumes its case and senators face a critical vote on whether to hear witnesses or proceed directly to a vote that is widely expected to end in his acquittal. The articles of impeachment charge Trump with abuse of power and obstruction of Congress. (AP)
• Democrats stepped up their calls for former national security advisor John Bolton to testify at the trial after an explosive report alleged that in his unpublished book, he said Trump personally tied Ukraine aid to an investigation of the Bidens, an account that conflicts with the president’s. (NBC News)
• Trump denies telling Bolton Ukraine aid was tied to investigations (The Hill)
• Sen. Bernie Sanders holds an edge in the 2020 New Hampshire Democratic primary as the key presidential nominating contest nears, according to an NBC News/Marist poll. The Vermont senator garners the support of 22% of likely Democratic primary voters in the Granite State, the survey found. Ex-Mayor Pete Buttigieg trails at 17%. (CNBC)
• Sen. Elizabeth Warren seeks spark in final Iowa push after getting Des Moines Register endorsement (AP)
• U.S. state attorneys general will meet Justice Department attorneys next week to share information on their investigations into Google (GOOGL), Reuters reported. * The probes revolve around monopolistic behavior that may harm consumers through Google’s control of online advertising markets and search traffic.

STOCK FUTURES CURRENTLY:

(CLICK HERE FOR STOCK FUTURES CHARTS!)

LAST WEEK'S MARKET MAP:

(CLICK HERE FOR LAST WEEK'S MARKET MAP!)

TODAY'S MARKET MAP:

(CLICK HERE FOR TODAY'S MARKET MAP!)

LAST WEEK'S S&P SECTORS:

(CLICK HERE FOR LAST WEEK'S S&P SECTORS CHART!)

TODAY'S S&P SECTORS:

(CLICK HERE FOR TODAY'S S&P SECTORS CHART!)

TODAY'S ECONOMIC CALENDAR:

(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

THIS WEEK'S ECONOMIC CALENDAR:

(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)

THIS WEEK'S UPCOMING IPO'S:

(CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!)

THIS WEEK'S EARNINGS CALENDAR:

($AAPL $TSLA $AMD $AMZN $MSFT $FB $BA $GE $MA $T $V $SBUX $PYPL $MCD $LMT $MMM $DHI $PFE $UTX $KO $UPS $S $NURO $HMST $VZ $HCA $XLNX $ARNC $XOM $CAT $BX $PGR $LRCX $GD $PHM $NVR $PII $SALT $BIIB $NOW $ANTM $NUE $ALK $PLUG $MPC)

(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

($DHI $NURO $HMST $S $ARNC $NVR $SALT $BMRC $RDY $BOH $OPB $ARLP $PROV $NWBI)

(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)

THIS AFTERNOON'S POST-MARKET EARNINGS CALENDAR:

()

([CLICK HERE FOR THIS AFTERNOON'S EARNINGS CALENDAR!]())

T.B.A.

EARNINGS RELEASES BEFORE THE OPEN TODAY:

(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)

EARNINGS RELEASES AFTER THE CLOSE TODAY:

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)

NONE.

FRIDAY'S ANALYST UPGRADES/DOWNGRADES:

(CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #1!)

(CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #2!)

(CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #3!)

(CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #4!)

FRIDAY'S INSIDER TRADING FILINGS:

(CLICK HERE FOR FRIDAY'S INSIDER TRADING FILINGS!)

TODAY'S DIVIDEND CALENDAR:

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR!)

THIS MORNING'S MOST ACTIVE TRENDING TICKERS:

• SPY
• NNVC
• BABA
• QQQ
• SPCE
• TVIX
• APT
• ABBV
• DJIA
• DIA

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

D.R. Horton (DHI) – The homebuilder earned $1.16 per share for its fiscal first quarter, beating the consensus estimate of 92 cents a share. Revenue also topped forecasts. New orders were up 19% on a volume basis and up 22% in value. The company also raised the upper end of its full-year home sales forecast.

STOCK SYMBOL: DHI

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Arconic (ARNC) – Arconic missed estimates by a penny a share, with adjusted quarterly earnings of 53 cents per share. Revenue came in shy of Wall Street predictions. The maker of engineered metals products saw a 1% improvement in organic revenue on factors like favorable pricing and raw materials costs, partially offset by some weakness in its automotive and commercial transportation markets. Arconic also said it would complete its planned split of its aerospace components and aluminum rolling businesses into two companies on April 1.

STOCK SYMBOL: ARNC

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Travel-related stocks – These are likely to be hit once again as coronavirus cases mount – including major airlines like United Airlines (UAL), Delta Air Lines (DAL), American Airlines (AAL), and Southwest (LUV), and cruise line operators like Royal Caribbean (RCL), Norwegian Cruise Line (NCLH), and Carnival Cruise Lines (CCL). Casino stocks like Wynn Resorts (WYNN) and Las Vegas Sands (LVS) are also being hit.

STOCK SYMBOL: UAL

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Starbucks (SBUX) – Starbucks has temporarily closed all its shots in China’s Hubei province and suspended delivery services, amid health concerns for customers and employees amid the spread of the coronavirus.

STOCK SYMBOL: SBUX

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Estee Lauder (EL) – Oppenheimer downgraded the cosmetics maker to “perform” from “outperform.” The firm cited the stock’s premium valuation coupled with concerns about the coronavirus impact on a company that has seen China represent a key driver of recent growth.

STOCK SYMBOL: EL

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Boeing (BA) – Boeing completed a successful maiden voyage of its 777-X jet over the weekend, a respite for the jet maker amid the ongoing grounding of its 737 Max jet.

STOCK SYMBOL: BA

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

AbbVie (ABBV) – AbbVie sold a number of assets to Nestle and AstraZeneca (AZN), as it seeks to win regulatory approval for its $63 billion acquisition of drugmaker Allergan (AGN).

STOCK SYMBOL: ABBV

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Fiat Chrysler (FCAU) – Fiat Chrysler filed court motions Friday to dismiss a lawsuit filed by rival automaker General Motors (GM). Fiat Chrysler said GM does not have sufficient grounds to bring a racketeering case that alleges bribery of union officials.

STOCK SYMBOL: FCAU

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Kraft Heinz (KHC) – Kraft Heinz CEO Miguel Patricio told The Wall Street Journal that he wants to food maker to make fewer but bigger bets on new products, as its older brands suffer a sales decline.

STOCK SYMBOL: KHC

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Alphabet (GOOGL) – State attorneys general will meet with Justice Department officials to share investigative material involving Google, according to The Wall Street Journal.

STOCK SYMBOL: GOOGL

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Winnebago Industries (WGO) – The RV maker was rated “overweight” in new coverage at KeyBanc, which sees recreational vehicle shipments stronger than consensus for 2020 and is also optimistic about the increasing benefits of Winnebago’s 2016 acquisition of towable vehicle maker Grand Design.

STOCK SYMBOL: WGO

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

DISCUSS!

What is on everyone's radar for today's trading day ahead here at smallstreetbets?

I hope you all have an excellent trading day ahead today on this Monday, January 27th, 2020! :)

Good morning traders and investors of the stocks sub! Welcome to the new trading week and a fresh start! Here are your pre-market news this AM-

Today's Top Headlines for Monday, January 27th, 2020

• With the coronavirus spreading, world stocks are tumbling and perceived safer investments are rising. U.S. stock futures are sliding early Monday following Wall Street’s worst day of 2020 on Friday. The Dow already has a four-day losing streak in place, its longest since August, and is coming off its largest weekly loss in five months. The S&P 500′s weekly decline last week was its largest in nearly four months. (CNBC)
• Treasury yields move lower as coronavirus fears escalate (CNBC)
• Gold climbs to 2-week high as virus fears spark safety buying (Reuters)
• International oil prices drop below $60 as China virus drives demand concern (Reuters)
• More than 2,800 people in China are now infected by the fast-spreading Wuhan coronavirus while more countries have reported their first confirmed cases. Chinese officials have said there are 2,862 confirmed cases, with the death toll rising to 81. On Sunday, the United States on Sunday reported its fifth confirmed case in Arizona. (CNBC)
• Travel-related stocks are likely to be hit once again as coronavirus cases mount, including major airlines like United (UAL), Delta (DAL), American (AAL) and Southwest (LUV), and cruise line operators like Royal Caribbean (RCL), Norwegian (NCLH), and Carnival (CCL). Starbucks (SBUX) and McDonald’s have temporarily closed near the Chinese city of Wuhan.
• On today’s U.S. economic calendar, the government will release its December report on new home sales at 10 a.m. ET. Arconic (ARNC), DR Horton (DH) and Sprint (S) are among the companies issuing quarterly earnings this morning, while Whirlpool (WHR), Juniper Networks (JNPR) and Rambus (RMBS) report after the bell.
• Federal safety investigators launched a probe into a helicopter crash in the LA area that killed basketball legend Kobe Bryant and eight others, including his 13-year-old daughter, Gianna. The cause of the crash has not yet been determined. NBA athletes, officials and fans mourned Bryant’s death in messages and memorials across social media. (CNBC)
• ‘Terrible,’ ‘heartbreaking,’ ‘devastated’ — World leaders and athletes mourn the death of Kobe Bryant (CNBC)
• Athletes pay tribute to Kobe Bryant. ‘He was like a little brother to me’ Michael Jordan says (CNBC)
• A passenger plane crashed in central Afghanistan, senior Afghan officials said today. According to local media, the plane went down in territory under Taliban control. It was initially reported to be a jet from state-owned Ariana Afghan Airlines. However, the airline’s acting CEO has denied that one of their planes has crashed. (CNBC)
• President Donald Trump is expected to disclose details of his long-delayed Mideast peace proposal to Israeli leaders today. Trump will hold separate, back-to-back meetings with Israeli Prime Minister Benjamin Netanyahu and Benny Gantz, head of the centrist Blue and White Party. Gantz is Netanyahu’s rival in March 2 elections. (Reuters)
• Trump’s impeachment trial enters a pivotal week as his defense team resumes its case and senators face a critical vote on whether to hear witnesses or proceed directly to a vote that is widely expected to end in his acquittal. The articles of impeachment charge Trump with abuse of power and obstruction of Congress. (AP)
• Democrats stepped up their calls for former national security advisor John Bolton to testify at the trial after an explosive report alleged that in his unpublished book, he said Trump personally tied Ukraine aid to an investigation of the Bidens, an account that conflicts with the president’s. (NBC News)
• Trump denies telling Bolton Ukraine aid was tied to investigations (The Hill)
• Sen. Bernie Sanders holds an edge in the 2020 New Hampshire Democratic primary as the key presidential nominating contest nears, according to an NBC News/Marist poll. The Vermont senator garners the support of 22% of likely Democratic primary voters in the Granite State, the survey found. Ex-Mayor Pete Buttigieg trails at 17%. (CNBC)
• Sen. Elizabeth Warren seeks spark in final Iowa push after getting Des Moines Register endorsement (AP)
• U.S. state attorneys general will meet Justice Department attorneys next week to share information on their investigations into Google (GOOGL), Reuters reported. * The probes revolve around monopolistic behavior that may harm consumers through Google’s control of online advertising markets and search traffic.

STOCK FUTURES CURRENTLY:

(CLICK HERE FOR STOCK FUTURES CHARTS!)

LAST WEEK'S MARKET MAP:

(CLICK HERE FOR LAST WEEK'S MARKET MAP!)

TODAY'S MARKET MAP:

(CLICK HERE FOR TODAY'S MARKET MAP!)

LAST WEEK'S S&P SECTORS:

(CLICK HERE FOR LAST WEEK'S S&P SECTORS CHART!)

TODAY'S S&P SECTORS:

(CLICK HERE FOR TODAY'S S&P SECTORS CHART!)

TODAY'S ECONOMIC CALENDAR:

(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

THIS WEEK'S ECONOMIC CALENDAR:

(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)

THIS WEEK'S UPCOMING IPO'S:

(CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!)

THIS WEEK'S EARNINGS CALENDAR:

($AAPL $TSLA $AMD $AMZN $MSFT $FB $BA $GE $MA $T $V $SBUX $PYPL $MCD $LMT $MMM $DHI $PFE $UTX $KO $UPS $S $NURO $HMST $VZ $HCA $XLNX $ARNC $XOM $CAT $BX $PGR $LRCX $GD $PHM $NVR $PII $SALT $BIIB $NOW $ANTM $NUE $ALK $PLUG $MPC)

(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

($DHI $NURO $HMST $S $ARNC $NVR $SALT $BMRC $RDY $BOH $OPB $ARLP $PROV $NWBI)

(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)

THIS AFTERNOON'S POST-MARKET EARNINGS CALENDAR:

()

([CLICK HERE FOR THIS AFTERNOON'S EARNINGS CALENDAR!]())

T.B.A.

EARNINGS RELEASES BEFORE THE OPEN TODAY:

(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)

EARNINGS RELEASES AFTER THE CLOSE TODAY:

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)

NONE.

FRIDAY'S ANALYST UPGRADES/DOWNGRADES:

(CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #1!)

(CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #2!)

(CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #3!)

(CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #4!)

FRIDAY'S INSIDER TRADING FILINGS:

(CLICK HERE FOR FRIDAY'S INSIDER TRADING FILINGS!)

TODAY'S DIVIDEND CALENDAR:

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR!)

THIS MORNING'S MOST ACTIVE TRENDING TICKERS:

• SPY
• NNVC
• BABA
• QQQ
• SPCE
• TVIX
• APT
• ABBV
• DJIA
• DIA

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

D.R. Horton (DHI) – The homebuilder earned $1.16 per share for its fiscal first quarter, beating the consensus estimate of 92 cents a share. Revenue also topped forecasts. New orders were up 19% on a volume basis and up 22% in value. The company also raised the upper end of its full-year home sales forecast.

STOCK SYMBOL: DHI

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Arconic (ARNC) – Arconic missed estimates by a penny a share, with adjusted quarterly earnings of 53 cents per share. Revenue came in shy of Wall Street predictions. The maker of engineered metals products saw a 1% improvement in organic revenue on factors like favorable pricing and raw materials costs, partially offset by some weakness in its automotive and commercial transportation markets. Arconic also said it would complete its planned split of its aerospace components and aluminum rolling businesses into two companies on April 1.

STOCK SYMBOL: ARNC

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Travel-related stocks – These are likely to be hit once again as coronavirus cases mount – including major airlines like United Airlines (UAL), Delta Air Lines (DAL), American Airlines (AAL), and Southwest (LUV), and cruise line operators like Royal Caribbean (RCL), Norwegian Cruise Line (NCLH), and Carnival Cruise Lines (CCL). Casino stocks like Wynn Resorts (WYNN) and Las Vegas Sands (LVS) are also being hit.

STOCK SYMBOL: UAL

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Starbucks (SBUX) – Starbucks has temporarily closed all its shots in China’s Hubei province and suspended delivery services, amid health concerns for customers and employees amid the spread of the coronavirus.

STOCK SYMBOL: SBUX

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Estee Lauder (EL) – Oppenheimer downgraded the cosmetics maker to “perform” from “outperform.” The firm cited the stock’s premium valuation coupled with concerns about the coronavirus impact on a company that has seen China represent a key driver of recent growth.

STOCK SYMBOL: EL

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Boeing (BA) – Boeing completed a successful maiden voyage of its 777-X jet over the weekend, a respite for the jet maker amid the ongoing grounding of its 737 Max jet.

STOCK SYMBOL: BA

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

AbbVie (ABBV) – AbbVie sold a number of assets to Nestle and AstraZeneca (AZN), as it seeks to win regulatory approval for its $63 billion acquisition of drugmaker Allergan (AGN).

STOCK SYMBOL: ABBV

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Fiat Chrysler (FCAU) – Fiat Chrysler filed court motions Friday to dismiss a lawsuit filed by rival automaker General Motors (GM). Fiat Chrysler said GM does not have sufficient grounds to bring a racketeering case that alleges bribery of union officials.

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Kraft Heinz (KHC) – Kraft Heinz CEO Miguel Patricio told The Wall Street Journal that he wants to food maker to make fewer but bigger bets on new products, as its older brands suffer a sales decline.

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Alphabet (GOOGL) – State attorneys general will meet with Justice Department officials to share investigative material involving Google, according to The Wall Street Journal.

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Winnebago Industries (WGO) – The RV maker was rated “overweight” in new coverage at KeyBanc, which sees recreational vehicle shipments stronger than consensus for 2020 and is also optimistic about the increasing benefits of Winnebago’s 2016 acquisition of towable vehicle maker Grand Design.

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DISCUSS!

What is on everyone's radar for today's trading day ahead here at stocks?

I hope you all have an excellent trading day ahead today on this Monday, January 27th, 2020! :)

Hey folks!
Today I returned to the US after a week aboard the Oasis of the Seas gambling at the single zero roulette table. If you're interested, you can read the original story here where I kept day by day notes in the comments about my winnings and observations. Finished ~$2500 ahead Martingaling for a week.
Cruise Background
I wanted to vacation in Vegas this fall, my wife wanted to cruise again, so I spent a few months searching cruise lines, looking for a single zero roulette table with at least an 8-bet min/max spread. As it turns out, there are thirteen cruise ships in the world that fit that profile (that I discovered), and after checking all of them against NovembeDecember departure dates from CONUS, I downselected to the Oasis of the Seas from Royal Caribbean for a 7-Day Caribbean cruise, booked it, and thus it was so!
The Game
For the duration of this cruise, I played single zero roulette and nothing else. The casino on board the Oasis of the Seas has four roulette tables; two American roulette tables on the smoking side, and one each American/European on the non-smoking side. I use the word "European" loosely because while it was single-zero, it had no European rules on it. All four tables were $5 - $100 on the inside, and $5 - $1000 on the outside. I attempted to make arrangements before the cruise as well as with the casino manager during the cruise to raise the limits for my gambling to no avail since I didn't have an established play history with Club Royale. I also requested La Partage be put into effect during my session play without luck - but that was a long shot anyway; the only single zero table I know of in the US with a minimum bet lower than $25 is the $10 - $3000 La Partage table at the Soaring Eagle in Michigan (sorry guys, terminal games don't count!)
Single zero roulette tables have a 2.7% house edge; down from the scandalous 5.4% house edge of American roulette (let alone the scammy triple zero crap that Carnival Cruise lines and the Venetian in Vegas are doing); La Partage lowers it to a magnificent 1.35%, but alas - I was destined to go without.
My Bets
Most of you are probably familiar with a martingale) series bet. For anyone else; on a $5 - $1000 table, $2,000 can bankroll a 8-bet sequence where I double my bet each time I lose, restarting my bet sequence each win. Due to chip denominations, my martingale progression is $5, $10, $25, $50, $100, $250, $500, $1000, which I find more reasonable than 5/10/20/40/80/160/320/640 due to the typical chip denominations 1/5/25/100/500/1000. In a tip of my hat to superstition, my increases from $10 to $25, $100 to $250, and $1000 to $2500 where applicable are my way of "punishing" the casino for making me leave the comfort zone of the outside minimum bet. Mock me if you must; its my personal flair - if my bets grow that high I "deserve" to win more than my base bet for the stress of having to bankroll the roll.
The chances of heads or tails on a coin flip are 50% for either outcome. On a single-zero table without La Partage, the equivalent bets - black/red, even/odd, 1-18/19-36 is ~48.6%, with the other 2.7% representing the green zero, or house edge - creating a theoretical loss probability of 2.7% of your bet per bet over time.
While the probability of an individual spin being black or red in my case is ~48.6%, the martingale betting progression ties your bets into a session, such that on the table I'm playing on, as long as I don't guess wrong 8 times in a row, I always win. On the off-chance that any newbs are reading this, this is NOT a "strategy" or "guaranteed way to make money." Martingale betting is a low risk, low reward means of using a large sum of money to win a little sum of money - pretty much the opposite of what people go into casinos to do. In statistical terms, the chances of me guessing wrong 8 times in a row in an 8 spin series is three tenths of one percent...but no one sits down for 8 spins and leaves - so my gambling is that when the house spins my losing sequence...I'm not there. =D Such is gambling.
Goals!
I've learned over the years that if I don't sit at a table with a fixed goal of when to leave, I will get bored and start making side bets (other even money bets or thirds) - more ways to win also mean more ways to lose, and when I am gambling, I am heavily socializing and drinking; I can't keep track of all of it at the same time. My goal is thus to always leave with 120% of my bankroll.
This trip was a bit confusing for me because I couldn't reconcile what my bankroll was. Not knowing whether the table limit would be fixed to $1000, or be able to be raised to $10,000 I brought $5,000 in cash with another $35,000 available as credit - I'd wrongly assumed the casino would at least double the table min/max to $10-$2000, and had been hoping they would leave the minimum and double the maximum, adding a one-bet buffer to my 8-spin series. With a $1,000 bet maximum, I stopped bringing more than $2,000 to the casino. If my bankroll is $2,000, I aim to leave with $2400. If my bankroll is $5,000, I aim to leave with $6,000. With $10,000, I aim to leave with $12,000.
I initially hoped to turn $2,000 into $2,400, but after doing that the first night gambling and the prospect of the rest of the cruise being bereft of gambling, I decided that since I'd brought $5,000 to gamble with, even if I could only play with $2,000 of it, my 120% goal meant I wanted $1,000 in winnings or bust.
On day two when I realized how stingy Club Royale was, and that I'd be buying my own drinks, I shelled out $360 for the liquor package, and adjusted my winning threshold to also cover the liquor package. Then there was a $300 spa treatment. Then an $1800 studio photography session since my wife wanted some nice pictures - something we've not done in a decade.
With these confusing inputs leaving me unsure of how to decide if I was up or down, it came down to the fact that while the casino was generally open 8-12 hours a day, the lone roulette table with the single zero didn't open until 8:00 PM - about when the cruise shows started. I did some begging and pleading to have it opened earlier every day to mixed success - a bit on the first day and on the last day, with nothing in the middle. They really wanted people on the American tables - which I had to resist, since for much of the cruise, it was American roulette or nothing. I contented myself during those periods with drinking, socializing with other gamblers, watching, drinking, and trying to find people who didn't have the booze package so I could buy them drinks.
Fun Facts

• Over 6 days of gambling, averaging 4 hours per day, I hit the $1,000 table maximum bet twice. Both were heart-attack inducing. The first was at 0100 on day 5, I was the last gambler at the table, $1,000 on red didn't screw me, and I took it as a sign to go to bed. The second happened on Day 6; since a $2,000 loss would have left me break even at that point, I took a short break, stretched my legs, and came back.
  
• In the same period, I hit the $250 bet mark in my progression 4 times (resetting from $250 back to $5), and the $500 bet limit zero times. $100 and below bets were too numerous to count.
  
• Total winnings were probably closer to $2800, but I tip freely when its free money.
  
• Despite my "follow the house" betting method of deciding to bet red or black (which capitalizes on streaks), and I never choose which to bet on, there was one dealer would occasionally call a color, and she was only wrong once. I started switching bets when she'd call a color because it was spooky. If I asked her, most of the time she'd say, "I don't know" - but out of 20-30 "calls" over a week that I saw her spinning for me, she missed one.
  
• If I had the balls to play numbers or neighbor bets, I'd have made tens of thousands; I don't believe in ball control; not on modern wheels, but one dealer put out four 28s in 8 spins, three of them in a row, 7 of the others were neighbor bet winners, and he just kept doing it. He's been a casino dealer 44 years...and kept telling people what number to bet on, and no one would listen to him. God, I wish I had.
  
• I learned to play craps as a backup in case the single zero table was closed, but the craps tables were $5 - $300 with 1x odds, shifting to 3-4-5x with $50 minimum bets. I need to ease into craps, and didn't want to have to track different odds systems, nor did I want to play on a $300 limit table - all my practicing on craps was with 3-4-5x odds on a $5 - $2,000 table, and I have a tendency to double down on everything in every game. And in life too; Losing a 5/15 bet makes me put $20 on the pass line. It gets expensive quickly, so I'm not playing craps with less than $5k, $10k to be comfortable, and I need at least a $2k table.
  
• Actually, all the games were a bit ...less competitive. 6:5 blackjack, 1x craps odds, no Euro rules on the Euro table, crappy slots payouts - I get it; I really do. Captive audience, no need to compete with other casinos. Once they're on board, you've got 'em for a week; they're gonna gamble or they're not.
  
• Club Royale has terrible comps compared to Casinos at Sea with NCL. It takes 2500 points with Club Royale to earn comped drinks while gambling. Not only did Club Royale not buy my drinks this cruise, at the rate of my point earnings, it will take me 4 more cruises gambling at the same rate to earn free drinks. That's right; $10,000+ to get free drinks. I did however come away with an amazing $100 off my next cruise voucher.
  
• Assuming total winnings of $2,800 (before tips), being right 48.6% of the time, I gambled through ~1200 roulette spins in a week.
  

Anyway; it was a blast - but I'll probably go to Vegas for my next vacation instead of cruising. I want to gamble during the day, and go to shows in the evening, not wander around during the day, then have to decide whether I want to gamble or watch shows in the evening.
edit And here's a picture of me at my remote office aboard the cruise ship in case anyone was wondering what your mean old /gambling moderator ShelixAnakasian looks like.