We get a new President today and that new President gets a horrid economy. Oil is trading down 8% today indicating that more weakness globally is likely.
Stock futures are down a little but once the events in DC get going, the tape should be sentiment-driven for today.
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Mexican billionaire Carlos Slim did some shopping, or loan sharking, last night, taking a $250 million notes + warrants stake in the NY Times company at roughly a 14% interest rate. The Times needs the money. Slim made an initial investment last fall and is down big so he needs a pond of flesh, or at least a shot at getting one.
Stock futures are down a little but once the events in DC get going, the tape should be sentiment-driven for today.
****
Mexican billionaire Carlos Slim did some shopping, or loan sharking, last night, taking a $250 million notes + warrants stake in the NY Times company at roughly a 14% interest rate. The Times needs the money. Slim made an initial investment last fall and is down big so he needs a pond of flesh, or at least a shot at getting one.
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