Dow gained 102 helped by a strong finish at the close, advancers slightly ahead of decliners & NAZ was 26 higher. The MLP index dropped a very big 9+ to the 335s & the REIT index went up 3+ to the 396s. Junk bond funds were mixed to higher & Treasuries gained ground. Oil pulled back to the 44s & gold saw selling, nearing the important support level of 1100.
AMJ (Alerian MLP Index tracking fund)
![Live 24 hours gold chart [Kitco Inc.]](http://www.kitco.com/images/live/gold.gif?0.5164533390021118)
The federal gov ran a budget deficit of $64B in Aug, according to the Treasury. That's $64B lower than the Aug 2014 shortfall. Much of the improvement was due to shifts in the timing of certain benefit payments, however. Without those, the Aug deficit would have been $112B. The gov spent $275B, while total receipts were $211B. For the fiscal YTD, the deficit is $530B, which is 10% lower than the year-ago period. The budget year runs from Oct to Sep.
China is considering injecting more than 1T yuan ($160B) into the Chinese economy over the next 3 years, the state news agency said, citing a report from the China International Capital Corp. According to the CICC report, the stimulus package will be 1.2-1.5T yuan & is likely to drive a total potential investment of 5-7T yuan in the next 3 years. That's as much as 3.4% of the 2015 GDP product each year. The investment projects will be funded by commercial lenders, private investors & policy banks. Earlier this week, China's finance ministry said the country will roll out a "more forceful" fiscal policy to stimulate growth.
Verizon, a Dow stock, has a plan to make money from delivering TV over mobile phones. Past efforts by rivals show the chances of success are slim. So far, no one has been able to convince large numbers of consumers to pay for a mobile-centric video service. Unlike prior efforts, VZ is giving away its service, starting this week, to teens & millennials, & will try to recoup some of the cost by selling ads. The company faces long odds: It must compete against the more-established, mobile-friendly streaming services without a robust library of video content. It also won’t offer many live streams of sports & network programming, like the Oscars, & can’t provide users the ability to watch shows on their big-screen TVs at home. The goal is to attract an audience of teenagers to 30-year-olds, some of whom have never paid for cable or satellite TV. The company has amassed a roster of “best of” programs from broadcast networks, the internet, sports & live events to stream & will encourage users to share videos. The company will make the go90 service, named for the act of rotating a mobile device’s screen 90-degrees sideways for video viewing, available to the public Sep 28. “Timing is everything,” said Brian Angiolet, senior VP of product development. “If you look at TV metrics, pay TV is in decline and that’s because the younger audience is finding different programming elsewhere. Now, with go90, users have curated shows that they can make into a common experience.” The company is trying to build an audience through a free service that can be “a gateway to a subscription business,” Angiolet said. “If the audience is highly engaged with your product, then we feel the ad model will support the service,” he said. As for data usage, the company still plans to charge for go90 viewing, but will offer 2 free gigabytes of data for 3 months to anyone who signs up. The stock rose 27¢. If you would like to learn more about VZ, click on this link:
club.ino.com/trend/analysis/stock/VZ?a_aid=CD3289&a_bid=6ae5b6f7
After a tumultuous week, today was pretty much a day of rest for the markets. Stocks were mixed. However MLPs ran into a lot of selling & the MLP index has one awful chart. Traders are trying to outguess the FOMC's intentions next week. The truth is nobody knows, no matter how much money they have made. But it is hard to imagine an interest rate that has been well advertised will have a significant effect on the stock market. Dow went up 330 this week although it's still in the red for Sep.
Dow Jones Industrials
AMJ (Alerian MLP Index tracking fund)
| CLV15.NYM | ....Crude Oil Oct 15 | ....45.06 |  ...0.86 | (1.9%) |
The federal gov ran a budget deficit of $64B in Aug, according to the Treasury. That's $64B lower than the Aug 2014 shortfall. Much of the improvement was due to shifts in the timing of certain benefit payments, however. Without those, the Aug deficit would have been $112B. The gov spent $275B, while total receipts were $211B. For the fiscal YTD, the deficit is $530B, which is 10% lower than the year-ago period. The budget year runs from Oct to Sep.
U.S. Narrows Budget Deficit In August To $64 Billion
China is considering injecting more than 1T yuan ($160B) into the Chinese economy over the next 3 years, the state news agency said, citing a report from the China International Capital Corp. According to the CICC report, the stimulus package will be 1.2-1.5T yuan & is likely to drive a total potential investment of 5-7T yuan in the next 3 years. That's as much as 3.4% of the 2015 GDP product each year. The investment projects will be funded by commercial lenders, private investors & policy banks. Earlier this week, China's finance ministry said the country will roll out a "more forceful" fiscal policy to stimulate growth.
China Mulls Trillion-yuan Fiscal Stimulus: Report
Verizon, a Dow stock, has a plan to make money from delivering TV over mobile phones. Past efforts by rivals show the chances of success are slim. So far, no one has been able to convince large numbers of consumers to pay for a mobile-centric video service. Unlike prior efforts, VZ is giving away its service, starting this week, to teens & millennials, & will try to recoup some of the cost by selling ads. The company faces long odds: It must compete against the more-established, mobile-friendly streaming services without a robust library of video content. It also won’t offer many live streams of sports & network programming, like the Oscars, & can’t provide users the ability to watch shows on their big-screen TVs at home. The goal is to attract an audience of teenagers to 30-year-olds, some of whom have never paid for cable or satellite TV. The company has amassed a roster of “best of” programs from broadcast networks, the internet, sports & live events to stream & will encourage users to share videos. The company will make the go90 service, named for the act of rotating a mobile device’s screen 90-degrees sideways for video viewing, available to the public Sep 28. “Timing is everything,” said Brian Angiolet, senior VP of product development. “If you look at TV metrics, pay TV is in decline and that’s because the younger audience is finding different programming elsewhere. Now, with go90, users have curated shows that they can make into a common experience.” The company is trying to build an audience through a free service that can be “a gateway to a subscription business,” Angiolet said. “If the audience is highly engaged with your product, then we feel the ad model will support the service,” he said. As for data usage, the company still plans to charge for go90 viewing, but will offer 2 free gigabytes of data for 3 months to anyone who signs up. The stock rose 27¢. If you would like to learn more about VZ, click on this link:
club.ino.com/trend/analysis/stock/VZ?a_aid=CD3289&a_bid=6ae5b6f7
Verizon Seeks Money in Mobile TV Where Rivals Faltered
Verizon (VZ)
After a tumultuous week, today was pretty much a day of rest for the markets. Stocks were mixed. However MLPs ran into a lot of selling & the MLP index has one awful chart. Traders are trying to outguess the FOMC's intentions next week. The truth is nobody knows, no matter how much money they have made. But it is hard to imagine an interest rate that has been well advertised will have a significant effect on the stock market. Dow went up 330 this week although it's still in the red for Sep.
Dow Jones Industrials
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