Tech Review | How Uber Is Preparing For Its $UBER IPO (video)

Tech Review (TR 2019-04-27)--Domain Mondo's weekly review of tech investing news: Features • 1) How Uber Is Preparing For Its $UBER IPO, 2) Undersea Cables Carry 99% Of Transoceanic Data, 3) Investing: The Week & Investor Notes,  4)ICYMI Tech News: Apple, Qualcomm, Amazon, Huawei, AT&T, Why Go Long $IBM, London Unicorn Fintech Startups, and more.

1) How Uber Is Preparing For Its $UBER IPO

Uber CEO Dara Khosrowshahi says Uber is on track to go public later this year, a move that could make it the biggest IPO of 2019.  WSJ.com’s Jason Bellini breaks down five ways Uber is preparing itself for its market debut. WSJ.com video above published 2 Apr 2019.

Uber Form S-1--"We have applied to list our common stock on the New York Stock Exchange under the symbol “UBER”--

UPDATE: see also S-1A: AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT filed 26 Apr 2019.

2) Undersea Cables Carry 99% Of Transoceanic Data

Despite their high cost and other challenges, modern undersea cables transmit data much faster and cheaper than satellites.The Cable That First United The World:

The dawn of instant global communication can be traced back to entrepreneur Cyrus West Field and his long-shot experiment to link the United States and Europe by telegraph in the 1850s. Bloomberg.com video above published Apr 16, 2019.

3) Investing

The Week: NASDAQ Composite +1.9% | S&P 500 Index +1.2% | DJIA <0.1%

S&P, NASDAQ set all-time closing highs after first-quarter GDP jump--MarketWatch.com

Investor Notes: 

Map of shipping routes shows the relative density of commercial shipping in the world's oceans (modified from original source: B.S. Halpern (T. Hengl; D. Groll) / Wikimedia Commons, CC BY-SA 3.0, Link),

US economy grows by +3.2% in the first quarter, topping expectations--cnbc.com.

US: Love Affair With Cars Nearly Finished--moneymaven.io.

Germany, Europe’s largest economy, cut its forecast for 2019 growth in half, to just 0.5%, the slowest annual growth rate since 2013, when the euro zone was still trying to pull itself out of a sovereign debt crisis. Last year, German GDP rose by 1.4%.--qz.com

Threat of Contagion to Eurozone from Spanish Banks’ Huge Bet on Emerging Markets to flee the consequences of euro debt crisis.--wolfstreet.com.

Italy's economy is one of the biggest downside risks to the global financial system and could spell disaster for Europe--businessinsider.com.

Gundlach: Modern Monetary Theory ‘Complete Nonsense’--etftrends.com

Avoiding Stupidity is Easier than Seeking Brilliance--fs.blog.

The media exaggerates negative news. This distortion has consequences--theguardian.com:  "Far from being better informed, heavy newswatchers can become miscalibrated. They worry more about crime, even when rates are falling, and sometimes they part company with reality altogether."

Earnings season: Twitter, Facebook, Verisign, Amazon, and Microsoft (below):

Microsoft Earnings Release FY19 Q3 -- Microsoft Cloud Strength Drives Third Quarter Results -- Microsoft Corp. announced 24 Apr 2019, the following results for the quarter ended March 31, 2019, as compared to the corresponding period of last fiscal year: Revenue was $30.6 billion and increased 14%; Operating income was $10.3 billion and increased 25%; Net income was $8.8 billion and increased 19%; Diluted earnings per share was $1.14 and increased 20% ... “Demand for our cloud offerings drove commercial cloud revenue to $9.6 billion this quarter, up 41% year-over-year,” said Amy Hood, executive vice president and chief financial officer of Microsoft. 

4) ICYMI Tech News:

Qualcomm: Why The Success Story Just Begins--seekingalpha.com.

Apple said Qualcomm’s tech was 'no good' in legal pleadings, but in private communications Apple said Qualcomm's tech was ‘the best.’--washingtonpost.com: “It potentially reveals that Apple was engaging in a bad faith argument both in front of antitrust enforcers as well as the legal courts about the actual value and nature of Qualcomm’s patented innovation”--Adam Mossoff, a law professor at George Mason University and director of the Center for the Protection of Intellectual Property.

Apple spends more than $30 million on Amazon’s cloud every month, making it one of the biggest AWS customers--cnbc.com.

Huawei funded by Chinese state security according to a report published last week in The Times | thetimes.co.uk: the CIA accused Huawei of receiving funding from China’s National Security Commission, the People’s Liberation Army and a third branch of the Chinese state intelligence network.

AT&T: SeekingAlpha.com: "... tackling debt by selling off assets ... The yield is still over 6.3% ... the stock has had no growth in a decade, [but] that could change with WarnerMedia" [Editor's note: or perhaps not. AT&T Inc’s Q1 2019 revenue fell short of Wall Street estimates, losing subscribers in nearly all its businesses except wireless where it used aggressive price promotions. AT&T lost a net 544,000 premium TV subscribers, a category that includes DirecTV satellite and U-verse television customers. Analysts had expected a loss of 385,000 customers across DirecTV and U-verse, according to FactSet.com.]

Why go long IBM? Red Hat deal closes in H2 2019, plus strategic imperatives like cloud, security, AI, and blockchain.

London unicorn fintech startups vs. San Francisco--cityam.com.

U.S. activist investor Elliott Management invests 1.2 billion euro ($1.3 billion) in German business software company SAP.

Japan’s Softbank Group Corp to invest $1 billion in Wirecard via a convertible bond deal that may provide it a 5.6 percent stake in the German digital payments company.

Former Mozilla exec: Google sabotaged Firefox for years--zdnet.com.

The Streaming Wars: The Market Guide--seekingalpha.com.

Personal tech: feel trapped in Apple's ecosystem? Apple isn't the only one with an expansive ecosystem of products, services, and software--zdnet.com.

-- John Poole, Editor, Domain Mondo  

feedback & comments via twitter @DomainMondo
Follow @DomainMondo

DISCLAIMER

Brexit Mar 29, 2019? Apr 12? Oct 31? - Jan 31, 2020

January 31, 2020: Congrats & Godspeed to the UK on its new beginning! #Brexit #Democracy #UnitedKingdom

The Withdrawal Agreement has received Royal Assent and is now law. We will leave the EU on January 31st 🇬🇧

— Boris Johnson (@BorisJohnson) January 23, 2020

2019 Dec 12 UK General Election Results: UK Prime Minister Boris Johnson's Conservative Party wins a large majority with 365 seats to Labour's 203, SNP 48, LibDem 11, DUP 8, Others 15.

Live coverage from ITV News as the results of the 2019 UK General Election come in. 

See also @TelePolitics and @bbcelection and bbc.com/news/election/2019 and Results via Google.

During a General Election, UK voters in each local constituency select one MP (Minister of Parliament) to represent the local constituency in the UK House of Commons. The UK uses a first past the post voting system. This means that the MP that receives the most votes (plurality) will win the constituency's seat in parliament. The overall number of votes a party receives across the country is irrelevant, each MP is elected by local constituency. However, the 'winning party' must gain a majority number of seats in an election or be forced to form a coalition with another party in order to form a government.  Although there are a total of 650 seats in the House of Commons, the number of seats a party needs to claim an effective majority in the House of Commons may only be 320 seats.

Voters: anyone aged 18 or over can vote as long as they are registered and a British citizen or qualifying citizen of the Commonwealth or Republic of Ireland.

UK Prime Minister Boris Johnson is projected to win a majority in parliament at the Dec. 12 election, according to a model from pollsters YouGov that accurately predicted the 2017 election.

Nov 17, 2019: UK PM Boris Johnson pledges to end Brexit uncertainty, says it has paralyzed the economy.

Nov 13, 2019: UK Prime Minister Boris Johnson promised he would end the “unbearable” uncertainty around Brexit if he wins the December 12th election, saying that political paralysis was affecting investment decisions in the country.

SavantaComRes survey Nov. 13 and 14: UK Prime Minister Boris Johnson’s Conservative Party 41% (up 1%), Labour 33%, pro-European Union Liberal Democrats 14%, and the Brexit Party 5%.

Nov 5:, 2019: The U.S. has pushed past Germany and France as the most common trading partner for businesses in the UK, and looks set to keep this position after the UK leaves the European Union, according to an annual survey by HSBC.

Oct 29, 2019: General Election on December 12th. 

Geoffrey Cox, Attorney General: "This Parliament Is A Disgrace!" (video).

Oct 28, 2019: France caves, EU Gives Brexit Extension to January 31, 2020.

Another Delay = more uncertainty = Recession.

Oct 25, 2019: Asked what France made of other EU countries’ preference for a long-term extension to Jan. 31, the French official said: “This period of uncertainty is toxic. What is the point of just giving time to time?”

Deal or No-Deal Brexit October 31? [Editor's note: 589 of 650 MPs were elected in 2017 on a manifesto to get Brexit done.]

Thanks goodness for Macron. Finally a bit of leadership on the EU side that recognises the danger of Tusk’s approach, which risks trashing UK EU relationship for years .... https://t.co/9WKEvhVsSD

— Douglas Carswell (@DouglasCarswell) October 25, 2019

Oct 23: France to the Rescue? Macron [or someone else] may veto EU extension (Editor's note: that would be in the best interests of the EU, France, and the UK). France does not want the UK blocking its agenda in the European Parliament. France gains seats in the European Parliament if the UK leaves, but Germany does not. For many reasons it makes sense for French President Emmanuel Macron to help Boris Johnson.

"As one Brexiteer explained to me: We joined a simple trade agreement with open borders to the world, but that mission-crept into a closed economy heading towards an unlikely political union bound together in common currency that shackles most countries to perpetual penury, in a system designed and promoted by the French to pursue their 400 year historical goal of European hegemony."--Bill Blain.

PM's spokesman reveals @BorisJohnson rang Angela Merkel today. Call lasted just 10 mins. Re Brexit extension he simply told her "his long held view is we shouldn't delay, we should leave on October 31".

— Paul Waugh (@paulwaugh) October 23, 2019

Oct 22: House of Commons defeats "Programme motion" which in effect makes it impossible for Parliament (House of Commons and House of Lords) to pass the European Union (Withdrawal Agreement) Bill (pdf) before October 31, 2019, The "EU Bill" is "in limbo" now, subject to review by a House of Commons committee. Editor's note: it is now clear that UK Prime Minister Boris Johnson is holding the House of Commons accountable for its 'games' to delay and deny his 'Brexit deal.'  See also Pound, Stocks Slide As Plan For Whirlwind Brexit-Deal Votes Defeated - The final total: 308-322 (Oct 22, 2019).

Exasperating that the @HouseofCommons has rejected the Programme motion for @BorisJohnson’s Withdrawal Agreement Bill after it passed Second Reading. The sooner this Parliament can be replaced in a General Election, the better.

— Owen Paterson MP (@OwenPaterson) October 22, 2019

House of Commons LIVE Video, Tuesday, Oct 22, 2019 (starts 11:30 am London).

Oct 19: British Pound Tumbles 1% In Weekend Markets After Brexit Vote Delayed

📺 | @BorisJohnson responds to yet another pathetic delay tactic from this incompetent, rotten Parliament: "I will not negotiate a delay with the EU and neither does the law compel me to do so! Further delay will be bad for this country and bad for democracy!" pic.twitter.com/lk6AhI7VMi

— Leave.EU (@LeaveEUOfficial) October 19, 2019

UK House of Commons debate (video), Saturday, 19 October 2019.

Oct 17: UK Prime Minister Boris Johnson secures EU approval for 'no delay' Brexit deal. 

Nearly 300 business leaders write in a letter to The Telegraph “with one simple message for the Prime Minister on Brexit: no more delay” https://t.co/xAQbXgODYW

— Telegraph Politics (@TelePolitics) October 16, 2019

UPDATE 15 Oct 2019: UK and EU reportedly "closing in" on a 'Brexit deal' as negotiating teams work on legal text. See also An Alternative Perspective on the Enigmatic Brexit Process by  Steven Guinness: The Brexit Party "stand to be the main beneficiaries of another Article 50 extension."

UK Prime Minister Boris Johnson said on Sunday (Oct 6, 2019) that the UK could do a deal if the EU was willing.“But they should be under no illusions or misapprehensions,” he said, adding, “There will be no more dither or delay, on Oct. 31 we are going to get Brexit done.”

Johnson’s senior adviser, Dominic Cummings, said on Monday (Sep 30, 2019) that Brexit would definitely take place on Oct. 31. When asked how Britain’s EU exit could take place, given that there is a law which orders the prime minister to seek a delay to Brexit if parliament has not approved a deal, Cummings said: “Well, we shall just have to see won’t we.” UK finance minister Sajid Javid has also said the UK will leave the EU on Oct. 31. Also: Brexit Irony: EU Rejects Its Own Proposal (Boris Johnson Proposed a Northern Ireland solution the EU originally proposed);

"Get ready for Brexit. The UK will leave the EU on 31 October 2019. Answer a few questions to find out how you or your business should prepare ..."--gov.uk/brexit

Oct 2, 2019: World Trade Organization (WTO) gave the U.S. approval to impose $7.5 billion in tariffs on E.U. goods to compensate for illegal EU subsidies to Airbus.  In addition to the 10% tariffs on aircraft, EU goods affected by 25% tariffs which go into effect October 18, 2019 (pdf), include cheese and dairy products, French wines, Scotch whisky, Irish whisky, and wool clothing from the UK. "For years, Europe has been providing massive subsidies to Airbus that have seriously injured the U.S. aerospace industry and our workers," said U.S. Trade Representative Robert Lighthizer in a statement Wednesday. Editor's note: the tariffs on UK goods, including Scotch whisky, will likely be dropped after the UK leaves the EU on October 31, 2019, when a new trade deal is negotiated between the UK and U.S. 

City of London, World Financial Centre: In a brief statement on Tuesday (Oct 8, 2019), the London Stock Exchange Group (LSEG) acknowledged that Hong Kong Exchanges and Clearing (HKEX) had dropped its $40 billion purchase offer (which LSEG had already rejected). In addition, LSEG reaffirmed it “remains committed to and makes good progress” on its proposed acquisition of Refinitiv, expected to be completed next year.

Interest Rate Derivatives Trading Explodes to $6.5 Trillion per day--volume of over-the-counter (OTC) interest rate derivatives traded globally soared by 141% in three years to $6.5 trillion per day in April 2019, according to the Bank for International Settlements’ new Triennial Survey of Global Derivatives Markets. Where most of the trading OTC interest rate derivatives takes place? City of London (UK); $3.7 trillion per day or 56% of all global trades were executed at trading desks in the United Kingdom, a 213% increase from the $1.18 trillion of average daily turnover in April 2016. (#2 is the U.S. at $2.35 trillion per day, or 32% of the global turnover, up 9.8% from $1.24 trillion in 2016). Even after three years of regulatory tussles with its biggest trading partner, the EU, the UK has not only maintained its grip on the vast and fast growing OTC derivatives markets, it’s strengthened it, pulling away from New York and leaving Paris in the dust. “London is the capital of capital and this report shows that despite challenging times, the fundamentals of the City remain strong,” said Catherine McGuinness, policy chair at the City of London Corporation, the municipal governing body.

UK trading also dominates in global currency markets. In April 2019, its FX trading desks generated a turnover of $3.58 trillion per day, up from $2.41 trillion per day in 2016, taking its share of total global FX activity from 37% to 43%. By contrast, the US share of trading declined during the same period from 20% to 17%.

Financial analytics firm Mosaic Smart Data has doubled the number of developers and quantitative analysts it employs since 2018 at its London base, where nearly 40 now crunch numbers to help banks trade foreign exchange and bonds. “London is hard to beat ... The depth and diversity of the skill pool here is unrivalled,” said Matthew Hodgson, founder of Mosaic, one of the new fintech companies in the forex industry.

Even Dutch bank ING chose London to centralize its forex trading operations, previously scattered across various cities. ING’s global forex and rates boss Gary Prince said it was more efficient to run everything from ING's London offices.

Meanwhile, M&G Prudential is proceeding with its $1.1 billion ‘Gotham’ Project in London's financial district, consisting of 905,000 square feet (about 84,000 square meters) of office space at 40 Leadenhall Street. And Goldman Sachs has set up a disaster recovery trading floor in a WeWork (WE) space in central London to allow the bank to continue operating in the event of a major disaster, the Financial Times reports. The space replaces an existing site on Paternoster Square near the London Stock Exchange, and is a "near-site business continuity location," where Goldman's most critical London traders could quickly relocate if an emergency affected its new £1.2B European headquarters at nearby Plumtree Court.

See also London retains global finance throne amid Brexit chaos and Euro Derivatives Trading: Andrew Bailey, chief executive of Britain’s Financial Conduct Authority, has said it's for the EU to act to avoid overlaps in derivatives trading: “Currently all OTC derivatives subject to the EU DTO have their main pool of liquidity on a UK venue ... Without action, EU firms may lose access to UK liquidity pools and liquidity would be fragmented, harming both markets." There are 11 trading platforms in the EU27 that market participants could use, with nearly 40 in the United States endorsed by the EU, along with five in Singapore;  and Brexit prompts ESM to switch out of English bond law--Eurozone’s bailout fund to instead use Luxembourg law for its future borrowings starting October.

"Rotterdam’s port business community is busily preparing for Brexit. After all: the best-prepared port will have a preferential position within the European playing field."--Dutch Ports Brexit Handbook  (pdf). Brexit impact on the Netherlands: 55% of shortsea traffic and 90% of ro-ro transhipment via Dutch ports concerns trade with the United Kingdom.--https://www.getreadyforbrexit.eu/en/

10 Aug 2019 Update-- No-Deal Brexit October 31, 2019: Still More 'Remainer' Delusions--'Whiners & Remoaners'--Still Confused? Read  Eurointelligence.com: "Today we would like to debunk the myth that the UK parliament can stop the no-deal Brexit. Under EU law - the law that matters in this specific discussion - there are only two technical possibilities for the UK parliament to frustrate an October 31st Brexit. The first and the only certain route is a majority in favour of unilateral revocation of Brexit. No such majority exists. This leaves a less certain pathway: to seek a further Art. 50 extension. Since Boris Johnson refuses to do this, it would have to involve a new prime minister before October ... So, before we get to the constitutionally tricky question of what would happen in case Johnson simply refuses to go even if parliament were to huddle around an alternative, we better stop at this point and look at the numbers. They are not there. The numbers for unilateral revocation are not there either. This means that parliament cannot stop a no-deal Brexit on its own." --Or as Dominic Cummings, UK Prime Minister Boris Johnson's most senior adviser, recently said, "Politicians don't get to choose which votes they respect." Therefore, unless the European Union abandons its insistence on the thrice-rejected withdrawal agreement, a no-deal Brexit will happen October 31, 2019.

Original Brexit Date: 29 March 2019, 11:00 P.M. (London), then extended to Friday, 12 April 2019.
10 Apr 2019: EU leaders agreed to extend UK's exit date to October 31, 2019.

Previously on DomainMondo.com:

• UK Dysfunction | Brexit Or Not, Final Days Or Kick The Can Again? (video)

• Brexit Madness - UK PM Theresa May to Ask EU for Brexit Delay (video)

• Brexit Breakthrough? UK Nears 'No Deal' Brexit Deadline, March 29, 2019

• UK Brexit Agreement Vote: Now A 'No Deal Brexit' or Renegotiate

Links:

• Twitter: BrexitUK List; @BrexitCentral; @LeaveEUOfficial; @TelePolitics.

• Twitter: @commonslibrary; @HoCPress; @HouseofCommons; #Brexit

• Video: parliamentlive.tv/Commons and Channel4News

• The UK is ready for a WTO Brexit (March 21 briefing) and Brexit Newsfeed

• London Stock Exchange benchmarks FTSE100 & FTSE250

• £GBP to $USD and £GBP to €EUR

Tweets by StandUp4Brexit

Looking back at Theresa May's dysfunctional government: Theresa May's Brexit statement (video) to the House of Commons after emergency EU summit 11 April 2019. Theresa May gave a statement to the House of Commons after being granted another Brexit extension by the European Union until 31 October 2019. See also European Council (Art. 50) Press conference at end of meeting 10 April 2019. Other news sources: DW News Livestream  (Deutsche Welle is Germany’s international broadcaster), and FRANCE 24 Live news from Paris, France, via YouTube.

Special European Council (Art.50), April 10, 2019, 18:00 in Brussels (12 noon EDT). Agenda highlights: EU27 leaders will meet on 10 April 2019 to discuss the latest developments on Brexit. "In view of the rejection of the withdrawal agreement by the House of Commons, I have decided to call a European Council on 10 April," confirmed President Donald Tusk on 29 March, following the vote in the UK House of Commons.

On 5 April Theresa May, Prime Minister of the United Kingdom, sent a letter to Donald Tusk (pdf), President of the European Council, asking for a further extension to the Article 50 period. She proposed the date of 30 June 2019, adding that the UK government would continue to prepare to hold European Parliament elections should the UK still be a member at the time of the elections.

On 21 March EU27 leaders decided to delay the Brexit date until 12 April 2019, should the withdrawal agreement be rejected.

• Brexit (background information and timeline)

• European Council (Art. 50) conclusions, 21 March 2019

• @EUCouncil  |  @BrexitCentral

• UK Dysfunction | Brexit Or Not, Final Days Or Kick The Can Again? | DomainMondo.com

• Why the UK decided to leave the EU – but other countries haven’t.

Original posting title: "Emergency European Summit on Brexit, Wednesday, April 10"

feedback & comments via twitter @DomainMondo
Follow @DomainMondo

DISCLAIMER

EU's Juncker Warns UK Parliament To Reach Brexit Deal by April 12 (video)

Juncker warns UK parliament to reach Brexit deal by April 12

"My Way or The Highway"--Financial Times (ft.com) video above published 3 Apr 2019--The European Union will not grant the UK another short delay to Brexit if UK lawmakers fail to ratify the stalled divorce agreement by April 12. UPDATE Apr 5: Theresa May asks for Brexit extension to June 30; EU could offer a year.

Jean-Claude Juncker is a European Union (EU) politician from Luxembourg (total population: 600,000 as of 2018), one of the EU's 27 member states (27 not including the UK which is presently scheduled to leave the EU April 12, 2019). Juncker has been President of the European Commission since 2014.

Updates on Brexit: UK Dysfunction | Brexit Or Not, Final Days Or Kick The Can Again?

What is Europe? The answer depends on the "agenda" and "narrative" of the one providing the "definition." A better question may be "What Is The EU?"

What is the EU? | CNBC.com Explains

The origins of the EU go all the way back to the 1950s, but many Europeans are still unaware of what it does. CNBC’s Silvia Amaro explains how the political and economic arrangement works. CNBC International video above published 28 Mar 2019.

What's the EU? That depends on what you are referring to: the institutions of the European Union are the seven principal decision making bodies of the European Union (EU), as listed in Article 13 of the Treaty on European Union:

• the European Parliament

• the European Council

• the Council of the European Union

• the European Commission

• the Court of Justice of the European Union 

• the European Central Bank (ECB)

• the Court of Auditors.

🔴 LIVE: watch members debate the state of play on Brexit ⬇ https://t.co/l4A5ccpBSy

— European Parliament (@Europarl_EN) April 3, 2019

What Scares EU Politicians: they know UK Voters Still Want to Leave The European Union

A no-deal Brexit is now the most popular option if the EU does not agree a UK extension next week. MPs should listen. Leading article in the new Spectator: https://t.co/kIP01NBzDL

— Fraser Nelson (@FraserNelson) April 4, 2019

And The Longer Brexit Extensions Drag On, the Worse It Is For Both The EU and UK:

.@EP_President Antonio Tajani welcomes @SwedishPM Stefan Löfven ahead of the debate on the Future of Europe in the @Europarl_EN hemicycle. Watch it LIVE from 15:15 CET https://t.co/aKIuBuYaEr pic.twitter.com/wL2iM3OwVN

— EU Parliament Photo (@Europarl_Photo) April 3, 2019

Editor's note: all of this angst and drama could have been avoided had the EU and UK simply negotiated a "trade and withdrawal deal" instead of just a "withdrawal deal" in the period following the Brexit referendum of June 23, 2016, but the EU refused, and unfortunately, UK Prime Minister Theresa May, unwisely, conceded the point, which is the BIG PROBLEM today.

feedback & comments via twitter @DomainMondo
Follow @DomainMondo

DISCLAIMER

Fintech Startup BABB Peer-to-Peer Banking Services (video)

Tech Talk interview with Leonard Seelig, BABB

Leonard Seelig, managing director of BABB, which provides peer-to-peer banking services, talks about how a decentralised banking system can be built and the benefits of being a part of the Level 39 community in London. TheBanker.com video above first published Sep 10, 2018.

Domains: babbapp.com and getbabb.com
Tweets by getbabb

feedback & comments via twitter @DomainMondo
Follow @DomainMondo

DISCLAIMER

Wherever You Are, Enjoy The Holiday!

Merry Christmas and Happy New Year!

Below: Grace Cathedral, San Francisco, California  (domain: gracecathedral.org):
Tweets by gracecathedral
See also @StPaulsLondon St. Paul's Cathedral, London, England:

Join us behind the scenes as we prepare for our busiest days of the year in 'Christmas at St Paul's'.

Follow the Virgers as they prepare to welcome thousands at services and experience Christmas Day through the eyes of our Choristers.

Watch it on BBC 2, 9pm on Christmas Eve. pic.twitter.com/i9tyGhb5nN

— St Paul's Cathedral (@StPaulsLondon) December 18, 2018

Domain: stpauls.co.uk

feedback & comments via twitter @DomainMondo
Follow @DomainMondo

DISCLAIMER

Unilever Q3 2018 After Plan to Move HQ from UK to Rotterdam NIXED

Unilever Drops Plan to Move HQ from London

Unilever is considering its next steps after abandoning its plan to scrap its dual-listed structure and move its headquarters to the Netherlands. It faced a groundswell of opposition from shareholders in the UK. Financial Times (ft.com) video above published Oct 5, 2018.

Q3 2018 Earnings conference call transcript | SeekingAlpha.com 18 Oct 2018.

Asked whether Unilever would propose unifying the company in London instead of Rotterdam, Unilever's CFO Graeme Pitkethly reportedly said “We always said we wanted to retain our Anglo-Dutch heritage, but it’s more complicated than just trying for PLC now that NV has failed ... I can’t speculate on the outcome of what is a big body of work to be done by the board. They will review it all again and see if there is an alternative way.”

See also:

• TheGuardian.com: Unilever reports sales boost after HQ row but investors unimpressed - a 3.8% rise in third quarter for firm behind Ben & Jerry’s ice cream and Dove soap.
• Unilever Introduces A New 'Healthy' Ice Cream To Compete With Halo Top--forbes.com.

Unilever is a British-Dutch transnational consumer goods company co-headquartered in London, United Kingdom, and Rotterdam, Netherlands. Its products include food and beverages, cleaning agents and personal care products. It is the world's largest consumer goods company measured by 2012 revenue. List of all Unilever brands here.

The Unilever Group
LON: ULVR  and NYSE: UN
Principal Domain: unilever.com
Tweets by Unilever

feedback & comments via twitter @DomainMondo
Follow @DomainMondo

DISCLAIMER

RegTech Startup Exate Technology, GDPR Data Privacy Solution (video)

Tech Talk: interview with Sonal Rattan, Exate Technology

TheBanker.com video above published Aug 6, 2018: Sonal Rattan, co-founder and chief technology officer, Exate Technology, a regtech start-up that won Innovate Finance’s Pitch360 competition in March, talks to Joy Macknight about data protection in the context of the EU’s General Data Protection Regulation.

Exate Technology

Exate Technology video above published Jun 22, 2018: Responsible Risk video for PwC.

Exate Technology
Headquarters: London, England, UK
Domain: exatetechnology.com

Exate Technology | London | GDPR Data Privacy Solution

"#RegTech enabling compliance with #GDPR & Cross Border Data Transfers. Our solution allows clients to easily & effectively control how #data is accessed."

@ExateTech
Tweets by ExateTech

feedback & comments via twitter @DomainMondo
Follow @DomainMondo

DISCLAIMER

Tech Review | Big Tech Five Too Big, Too Dominant? (video)

Tech Review (TR 2018-03-10)--Domain Mondo's weekly review of tech news with commentary, analysis and opinion: Features • 1) Big Tech Five Too Big, Too Dominant? 2) Are Google and Apple Good Value Stocks? 3) Investing: The Week, Investing Notes, 4) ICYMI Tech News.

1) Big Tech Five Too Big, Too Dominant?
Alphabet (Google), Amazon, Apple, Facebook, Microsoft

Alphabet $GOOGL, Amazon $AMZN, Apple $AAPL, Facebook $FB, Microsoft $MSFT--the five most valuable companies in the U.S. They've been called the Big Five or the Frightful Five and a few other names. Bloomberg QuickTake looks at how these tech companies have developed their huge market shares. Is it time to break them up? Bloomberg.com video by Henry Baker and Madeline Quinn published Feb 28, 2018.

2) Are Google $GOOGL and Apple $AAPL Good Value Stocks? Yes, says Joel Greenblatt

Gotham Asset Management (gothamfunds.com) managing principal Joel Greenblatt characterizes the backdrop for investing at the stock market’s current levels. Fox Business video above published Mar 2, 2018.

3) Investing

The Week: S&P 500 broke above its 50-day moving average in intraday trading on Friday.

Nonfarm payrolls increase by 313,000 in February vs. 200,000 est. | cnbc.com: "... unemployment rate remained at 4.1 percent, the lowest since December 2000 ... average hourly earnings up 2.6 percent on an annualized basis ... Stock market futures surged following the Bureau of Labor Statistics report."

Wall Street's Charging Bull: The current bull market marked its ninth birthday on Friday

Investing Notes:

• Brexit: A year to go before Brexit, U.S. investment banks still bet on London | Reuters.com. See also UK Prime Minister Theresa May wants financial services to be included in a free trade deal--Reuters.com.

• Trade: Elon Musk tweets at Trump to push China on car tariffs | TheVerge.com: The Tesla CEO says high tariffs on U.S. cars exported to China, as well as manufacturing rules there, have made things ‘very difficult’ for the company.

• Eurozone inflation falls again despite decade-high growth | washingtonpost.com: the rate of unemployment across the eurozone stands at 8.8 percent, around double the rate in the U.S. See also Don’t put the blame on me: How different countries blamed different actors for the Eurozone crisis | lse.ac.uk.

• Europe's "Zombies" Brace For Mass Extinction In 2019 | ZeroHedge.com: "... completing the "zombie trifecta" ... quasi-insolvent companies one year ahead, in a world in which the ECB's bond buying is a thing of the past: Although some months away, 2019 will be the first time in four years that European markets will have to manage without the helping hand of ECB asset buying." See also ECB To Phase Out QE With €10Bn In Monthly Purchases By End Of 2018: Report | ZeroHedge.com.

• Lame Duck: Weakened Merkel has her work cut out to make [German political] coalition last | Reuters.com

• EU / Greece: How Europe’s Band-Aid Ensures Greece’s Bondage by Yanis Varoufakis | project-syndicate.org Feb 26, 2018: "All the happy talk about impending “debt relief” and a “clean exit” from Greece’s third “bailout” obscures an uglier truth: the country’s debt bondage is being extended to 2060. Worse, by ossifying Greece’s insolvency, while pretending to have overcome it, Europe’s establishment is demonstrating its refusal to fix the eurozone’s flaws." See also Reform key to smooth Greek market return says Europe's rescue fund | Reuters.com

• European Court of Justice Deals Heavy Blow to “Corporate Sovereignty Clause” | WolfStreet.com: "In recent years, ISDS [Investor-State Dispute Settlement] has become such a toxic concept that even Beltway institutions such as the Cato Institute have called for its purging from future trade agreements — an idea that appears to be supported by US Trade Representative Robert Lighthizer​ and could even be applied to a newly negotiated NAFTA agreement."

• Initial Coin Offerings Likely Need to Follow Bank Secrecy Rules | Bloomberg.com: "some ICOs have already registered with FinCEN in anticipation of the requirement, many haven’t. Violating the requirement could be a felony, punishable with up to five years of jail time."
• Nearly Half Of All ICOs Last Year Have Already Failed... And That's A Good Thing | ZeroHedge.com.

• Corporate Bond Market Gets Ready for Big Reset | WolfStreet.com: "The Fed will succeed in tightening financial conditions. It always does. And when this starts to click, the adjustment will be sharp and possibly harsh for those companies that have relied on cheap and easy money to fund their operations. But for now, investors are still blithely oblivious to the coming reckoning in the corporate bond market."  See last week's noted Buffett says 'terrible mistake' for long-term investors to be in bonds | Reuters.com.

• Investors flee Fidelity | thomsonreuters.com

• 18 Cognitive Bias Examples Show Why Mental Mistakes Get Made | visualcapitalist.com

• Common Trading Mistakes Investors Must Avoid | ZeroHedge.com

• Who Is Nassim Taleb? Antifragile Thinking for a Fat-Tailed World | fs.blog: "My major hobby is teasing people who take themselves and the quality of their knowledge too seriously."

4) ICYMI Tech News:

• Silicon Valley Is Over, Says Silicon Valley | NYTimes.com: VCs who travel outside the Bay Area, including to Midwest, see downsides of Silicon Valley, even San Francisco has high levels of outward migration.
• Broadcom redomiciling into the U.S. from Singapore could be complete in mid-May which could ease concerns at the Committee on Foreign Investment in the United States (CFIUS), which has the power to stop the Qualcomm deal for national security reasons.

• GE hopes giant grid batteries can save the planet (and its fortunes) | MIT TechnologyReview.com: Competitors include Tesla and Siemens.
• Why Tencent likes the music streaming business--SeekingAlpha.com
• An executive’s guide to AI | McKinsey.com
• Google Fiber deployment slowed by high costs, politically-powerful incumbent ISPs, and the potential of next-gen wireless broadband--motherboard.vice.com.

• Sequoia Capital Goes on Fundraising Spree | WSJ.com: "More than $12 billion in capital is sought across seven new funds."
• News Corp. CEO Slams Facebook, Google for Not Sharing Enough Ad Revenue | Bloomberg.com: "‘Too many publishers have been patsies,’ Robert Thomson says. BuzzFeed CEO agrees that Facebook should share more ad revenue."
• The Oligopolization of Food Supply Hits a Snag | WolfStreet.com
• Amazon built the world’s most efficient warehouses by embracing chaos--qz.com.
• Xiaomi set to enter U.S. smartphone market as early as 2018--WSJ.com
• South Florida technology startup and 'unicorn,' Magic Leap, filed suit in Texas against its global security chief, a former assistant secretary of the U.S. Department of Homeland Security, alleging he tried to extort millions of dollars from the company by threatening to falsely accuse it of stealing trade secrets from Microsoft Corp--bizjournals.com.

From the Reuters.com feed:

• France may probe Google and Facebook over online ad dominance

• Hold the iPhone! Amazon primed to be larger than Apple

• Caterpillar drives sales on China's new Silk Road

• China plans new share issue option to bring tech giants home

• Indefinite rule for China's Xi snuffs out rights activists' reform hopes

-- John Poole, Editor, Domain Mondo  

feedback & comments via twitter @DomainMondo
Follow @DomainMondo

DISCLAIMER