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Big Picture Weekly 7 May 2017 by Brendon Wong (All rights reserved)…
Big Picture Weekly
7 May 2017
by Brendon Wong
(All rights reserved)
Warren Buffett
Technology
missed opportunity
Google
Amazon
Apple > IBM
Apple
held $19.2 billion
Hedge fund
Criticize not worth fees
2/20
Berkshire
:
reinsurance biz hit
#
cyclones
1Q op profit
-4.8%
$3.56b
China
FX reserve
:check:
3rd mth rise
better than expectation
helped by
Tighter capital control
stable RMB
$3.03 trillion
+$20.45b
Australia
WA
Infrastructure spending
:check:
AUD2.3b
50%+
Metronet rail project
balance
smaller roads & bridge
source
AUD1.86b
rellocated from Perth project cancelled
savings
federal tax
counter
high U/E rate
rising debt
end of mining boom
SE Asia
India
RBI
targets to fix debt problem
:check:
60 soured loan cases
$180b
in 9 mths
issues if unsolved
weighting on growth & job creation
by
Secretarist
oversees resolution process
amend to Banking Regulation Act
1st Infrastructure Trust IPO :fire:
8.5x oversubscribed
50.4b rup
IRB InvIT Fund
Commodities
Oil
Sold off to
$46
:green_cross:
5 mth low
Iran cutbacks
Gold
biggest week drop :warning:
since Trump
Silver
biggest drop since 1980
Tech stocks
Tesla
News :check:
Model 3
on target
start production in July
exceed 5000 cars/wk by end of yr
deposits rising
Model Y
compact SUV
2019/20
completely new platform
#
robot manufacturing
more automated than prev models
Electric semi-truck
megafactory
#
more
US
Employment
:check:
Payroll rose > expected
211,000
U/E 4.4%
wages< forecast
+2.5% yoy
VS North Korea
American detained
:!:
Fed
John Williams
:check:
3-4 rate hikes 2017
US economy above potential
B Of SF
Europe
France
Presidential election won
Emmanuel Macron