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What You missed LAST Week     
 
                                                                                          L’SHONA TOVA

September 10—14, 2018 The way Sheryl Sandberg (FB), in her testimony to Congress, last week, talked about working with Congress to devise regulations I couldn’t help hearing in the back of my head, "so we’ll have immunity from people like Jones of InfoWars, when we disable his account." Just like pharmaceuticals try to hide behind FDA approval when a medicine turns out to be dangerous, social media companies are looking for a way to regulate how far free speech should go on their platforms, without being prosecuted by those it terminates. So, yeah, social media companies want to collaborate with Congress to set limits to free speech on their platforms. Of course, FDA’s rigorous approval process does NOT shield pharmaceutical companies from lawsuits but it does set limits, and that’s what the social media companies are looking for, to protect themselves when a subscriber has to be blocked.

At the American Enterprise Institution’s Friday Conference on the 10th anniversary of the 2008 financial crisis, in addition to the keynote from Jeb Hensaling, Chairman of the House Financial Services Committee, speakers and panelists hail from AEI, Brookings Institution, Heritage Foundation, Harvard Law School, R Street Institute, QED Investors, Columbia Business School, as detailed at the URL provided in the Economic Calendar below. (Surprised that Sheila Barr didn’t show up in the agenda, or Boston Fed’s Rosengren, who feels smaller banks should have higher capital levels, because they represent the next likely hit, without any.)

Given the stereotype of "garmentos" being Jewish, it’s quite shocking to realize that the NY Designer Runway Shows were scheduled to run on the 9th, 10th, and 11th, Rosh Hashana, the Jewish New Year, during which Reformed Jews are supposed to pray on the 9th and until sundown on the 10th, while Conservative & Orthodox Jews will observe from Sunday on the 9th, to sundown on the 11th. Who bolluxed that scheduling? Some of the labels mounting shows on the 10th including The Row, Carolina Herrara, Leila Rose, 3.1 Phillip Lim, Proenza Schouler, Anna Sui and more. On the 11th, Alice_Olivia by Stacey Bendel, Vivienne Tam, Zang Toi, and Calvin Klein.

Speaking of fashion, the London Fashion Week will be fur-free. Of course, Paul McCartney’s daughter, Stella McCartney, a British designer, famously uses no fur or animal skins—not even for her handbags, yet charges prices in line with fur and exotic animal skins. She’s a Vegan. Last week, Burberry announced it would stop using fur, as well, following in the footsteps of many designers who made the same decision earlier. However, no fur doesn’t mean no animal skins, so expect designer shoes & handbags—if not pants, skirts, and coats—to continue to be made of animal skins. An make no mistake, the court of public opinion found Trump campaign manager Paul Mannafort guilty of horrible taste, after seeing his snakeskin jacket.

Remember the maxim I mentioned last week? Sell Rosh Hashana Buy Yom Kippur? The latter’s the18th, at sundown, through to sundown on the 19th.

ECONOMIC: (Highlights, only, below. Full International Economic Calendar here)
SUNDAY, 09/09
Sweden General Elections
Rosh Hashana starts at Sundown

MONDAY, 09/10
Conference Board’s Aug Employment Trends Index
Fed’s Bostic fireside chat @ Albany Chamber of Commerce w/Q&A (Albany GA 11:30am et)
US Treasury Auctions $48B 3-, & $42B 6-month Bills
TD Ameritrade IMX (12:30pm et)
US July Consumer Credit (3pm et Debt, really)
    OVERNIGHT into US Tues. a.m. et:
        Riksbank (Sweden) Dpty Gov Jochnick on monetary policy @ PwC event (Stockholm)
        Riksbank Gov Inves on monetary policy at Goldman Event (London)
        French Q2 non-Farm Payrolls
        German ZEW Economic Sentiment/Current Conditions & Q4 Manpower Employment Outlook
        UK Jul ILO Unemployment Rate/Change, Aug Jobless Claims/Count
        Canada Aug Housing Starts (rules enacted in some provinces meant to slow rise in prices)

TUESDAY, 09/11
NFIB Sept Small Business Optimism Index
US Jul JOLTS
US Jul (F) Wholesale Trade/Inventories
US Treasury Auctions $26B 52-week Bills (11:30am et)
IRS Nationwide Tax Forum (Orlando FL thru 13th)
US Treasury Auctions $35B 3-year Notes (1pm et)
"Fear" Bob Woodward’s book on Trump in the White House (Simon & Schuster {CBS})
    OVERNIGHT into US Wed. a.m. et:
        Japan BSI Q3 Large Manufacturing & All Industry Activity
        South Korea Aug Unemployment Rate (how did completion of Olympics impact jobs?)
        Riksbank Gov Ingves @ Conference on Financial Regulations post-Brexit arranged by Centre for Philosophy of Natural & Social Science & the Financial Markets Group of the London School of Economics (London)
        Italian Q2 Unemployment Rate, Jul Industrial Production
        Eurozone Q2 Unemployment Rate/Change, Jul Industrial Production

WEDNESDAY, 09/12
MBA weekly Mortgage/Refinance Applications
US Aug PPI-Final Demand
Fed’s Bullard
addresses Chicago CFA Society (9:30am et)
EIA weekly Petroleum/Gasonline/Distillates Report (10:30am et; w/e 09/07)
OPEC Monthly Report (approx. date)
Teranet/National Bank Canada Aug Home Price Index
WASDE Report (Noon—USDA World Agricultural Supply & Demand Estimates)
US Treasury Auctions $23B reopened 10-year Notes (1pm et; possible whoops!)
Fed’s Beige Book (2pm et)
     OVERNIGHT into US Thurs. a.m. et:
     Japan Reuters Sept Tankan Index
, Aug Domestic Corporate Goods Price Index, Jul Machine Orders
     Aussie Aug Unemployment Rate/Change/Participation, Sept CPI Expectations
     UK RICS Aug House Price Balance
     South Africa Jul Gold & Mining Production
     EU FinMins Meet
     ECB MPC Rate Decision, Gov. Draghi post-Meeting Press Conference
(Frankfurt, 09/13 local time)
     BoE Sept MPC Rate Decision/QE Asset & Corporate Bond purchase Targets 09/13 local time)

THURSDAY, 09/13
ECB Gov Carney post-Meeting Press Conference
(London)
IEA Monthly Report
US Aug CPI
US weekly Jobless Claims
FINRA Fixed Income Conference (NY)
Canada Jul New House Price Index
EIA weekly Natural Gas Report (10:30am, w/e 09/07)
Fed’s Bostic on "Economic Outlook & Monetary Policy" w/Q&A @Mississippi Council of Economic Education (12:30pm Jackson MS)
US Treasury Auctions $15 reopened 30-year Bonds (Duration possible problem 2 weeks pre-rate hike)
US Treasury Budget (2pm et)
    OVERNIGHT into US Fri. a.m. et;
        China Aug Unemployment Rate, Retail Sales, Industrial Production, Fixed Asset Investment

        Norge (Norway) Bk Dpty Gov Nicolaisen speaks @ seminar hosted by Finance Ministry about financial crisis 10 years ago (Oslo)
        Russia MPC Sept Interest Rate Decision
        BoE Quarterly Bulletin
        "Monetary policy beyond normalisation: objectives & instruments"
at Belgian Financial Forum & SUERF Conference "10 Years after the start of the crisis: contours of a new normal" Riks bank’s Vredin a panelist, ECB’s Smets speaks (Brussels)

FRIDAY, 09/14
US Aug Retail Sales
US Aug Import/Export Prices
Chair of House FinServices Jeb Hensarling (R-TX) keynotes AEI
Conference on 10th Anniversary of the 2008 Financial Crisis (D.C.)
Fed’s Evans on current eco conditions & monetary policy @ Northeast Indiana Regional Economic Forum w/Q&A, hosted by Sweetwater Sound Company (9am et Ft Wayne IN)
US Aug Industrial Production/Capacity Utilization
US Business Inventories
U.M. (prelim) Sept US Consumer Sentiment
Baker-Hughes weekly US/North American Rig Count (1pm et)

SATURDAY, 09/15
China Aug New Home Prices

         WEEKS AHEAD: 09/17 Riksbank minutes of MPC Meeting
                                  09/19   BoJ MPC 2-day Meeting Decision
                                  09/20   SNB (Swiss) MPC Interest Rate Decision
                                            Norges Bank MPC Rate Decision + Press Conference
                                 09/22    Riksbank’s (Sweden) 350th Anniversary Summit
                                 09/24    BoJ Minutes of July 30—31st MPC Meeting (Tokyo)
                         09/25—26 FOMC Meets, Updates Forecasts, Powell Press Conference to follow
                                 09/27 RBNZ (New Zealand) MPC Meeting
                        **** Mexico the ONLY central bank NOT meeting in September

EARNINGS: (We no longer separate pre-market from after-market release times. We embolden those tickers we expect to attract the most attention from traders, analysts, and/or media, whether we think the company is priceless or worthless and, sometimes, because we want to bring readers’ attention to an overlooked name. Any company that didn’t confirm at least the day, if not the time, by Thursday, 09/06, is not included below. We rely on 3rd parties to provide a minimum amount of information, accurately, which isn’t always the case. Sometimes, companies schedule a release then change their mind, the switch not reaching us. We ignore "the" in a name unless it’s integral to the ticker.)
WE WERE NOT ABLE TO CHECK EVERY COMPANY’S RELEASE DATE, Hence the question marks. The Comparable week a year ago is included after this week’s sketchy list)
MONDAY, 09/10: COE, DTEA????, HOV, MTRX, FIZZ????, SKIS??????, TLRD?????, UBA????, WAGE?????

TUESDAY, 09/11: FRAN, OCC, COOL?????, STRM??????

WEDNESDAY, 09/12: OXM, PVTL?????, EYPT, RFIL

THURSDAY, 09/13: ADBE, BRC, KR

FRIDAY, 09/14: JVA????, play????, esnc?????, lake"?????, lpth?????, sanw????, xcra????

YEAR AGO COMPARABLE WEEK VERY DIFFERENT:
MONDAY, 09/11: p.m. IRET, LAYN, LMNR, PPHM, PSDV
TUESDAY, 09/12: p.m. AMRK, BGRP, FARM, RLGT, GROW
WEDNESDAY, 09/13: a.m. AGTC, CBRL p.m. LAKE, PCYG, STRM, UNFI
THURSDAY, 09/14: a.m. STB? p.m. ASPU, KANG, LPTH, ORCL, SANW
FRIDAY, 09/15: a.m. TNP

EVENTS:
CONTINUING SUNDAY, 09/09
New York (Designer Runway) Fashion
Week (NY thru 12th)
Hypertension 2018 Scientific Sessions (Chicago IL)
ACR Radiology Annual Meeting/Leadership Conference (Babson Park MA)
ECCO: European Cancer Summit (Vienna Austria)
US Open Tennis Championship, Men’s Singles Final (Flushing Meadow Park NY)

STARTING SUNDAY, 09/09
BICSI
Fall Conference & Expo (San Antonio TX thru 13th)
Rosh Hashana, the Jewish New Year, starts at sundown (Worldwide thru 11th)

MONDAY, 09/10
Jefferies 2nd Kyoto Summit New York (NY thru 11th)
Nomura Korea Corporate Day (NY)
DataWeek + APIWorld + Festival (San Jose CA thru 12th)
IMTS Int’l Manufacturing Technology Show (Chicago thru 15th)
Drug Delivery & Formulation (San Francisco CA thru 11th)
UBS Business Services, Leisure & Transport Conference (London thru 12th)
Credit Suisse Global Steel & Mining Conference (London thru 11th)
RCR: Royal College of Radiologists Clinical Oncology & Radiology Mtg (Liverpool UK to 12th)
CLSA 25th Investors’ Forum (Hong Kong thru 14th)
World Drug Safety Congress (Amsterdam NL thru 11th)
SPIE Security & Defence (Berlin Germany thru 13th)

TUESDAY, 09/11
Credit Suisse 31st Annual Basic Materials Conference (NY thru 13th)
PCB Design Conference (Santa Clara CA thru 13th)
FTR Forecasting Transportation Conference (Indianapolis IN thru 13th)
Peters & Co Ltd 2018 Energy Conference (Toronto Canada thru 13th)
SAE Commercial Vehicle Engineering Congress (Rosemont IL thru 13th)
The Innovation Enterprise: Big Data Innovation Summit + Data Visualization, Treasury Management, IoT Summit (Boston thru 12th)
Raymond James 14th North American Equities Conference (London)
JPMorgan Small/Mid-Cap 1x1 Conference (London thru 13th)
BAML Global Healthcare Conference (London thru 14th)
Euromoney North American Plane Truths: The Next 12 Months (Chicago thru 12th)
15th Int’l Conf. on Borresliosis & other Tick-Borne Diseases (Atlanta GA thru 14th)
Jefferies Satellite Summit (Paris, FR)
Carriers World (London thru 12th)
Phacilitate Investment in Advanced Therapies Conference (London thru 12th)
SVB Healthcare Capital & Connections Summit (Shanghai China thru 13th)
American Water Works (AWK) marketing with Strategas (Kansas City, Denver, Seattle, Portland thru 13th)
CBS’ (CBS) Simon & Schuster publishes "Fear --Trump in the White House" by Bob Woodward
Take-Two Interactive (TTWO) releases standard edition of NBA 2K19 (20th Anniversary Edition was available on the 7th)

WEDNESDAY, 09/12
Goldman Sachs 27th Annual Communacopia Conference (NY thru 14th)
Morgan Stanley Healthcare Conference (NY thru 14th)
Deutsche Bank Technology Conference (Las Vegas NV thru 13th)
Barclays Global Financial Services Conference (NY thru 14th)
Morgan Stanley 6th Annual Laguna Conference (Laguna Beach CA thru 14th)
Citi PCA—Consumer Disruptive Growth Conference (NY)
Jefferies Fitness Summit (NY)
UBS Houston Energy Bus-less Tour (Houston TX thru 13th)
IPAA Leaders in Industry Luncheon (Houston)
13th Annual North American Energy & Infrastructure Finance Forum (NY thru 13th)
Crittenden Real Estate Finance Conference (Miami FL thru 14th)
CTIA GSMA Mobile World Congress Americas (Los Angeles CA thru 14th)
SecureWorld (Detroit MI thru 13th)
51st Retina Society Scientific Program (San Francisco thru 15th)
MakeUp New York (NY thru 13th)
BMO 19th Annual Media & Telecom Conference (Toronto)
ASRA 17th World Congress on Pain Medicine +IASP Study of Pain Congress (Boston thru 16th)
All Things Organic—Natural Products Expo East (Baltimore MD thru 15th)
GameChangers: Women in Sports (NY)
FDA Pharmacy Compounding AdCom Mtg on Choline Chloride & quercetin use
Credit Suisse European Industrials Conference (London)
Deutsche Bank dbAccess Electrifying Metals & Energy Opportunities Day (London)
Berenberg Food Ingredients & Chemicals Conference (London thru 13th)
Pareto Securities 25th Oil & Offshore Conference (Oslo Norway thru 13th)
Kepler Cheuvreux Autumn Conference (Paris FR thru 14th)
Future Resource:The Energy Event-Building a Resource Efficient Future (Birmingham UK to 13th)
27th EADV Dermatology & Venereology Congress (Paris FR thru 16th)
Citi China Internet Tour (Hong Kong, Beijing, Shanghai, Hangzhou thru 15th)
Apple (AAPL) invitation-only event, believed purpose is to unveil new iPhones & iPads
GE (GE) Minds + Machines (San Francisco thru 13th)
New York & Co (NWY) analyst Meeting to include name change to RTW Retailwinds
Square Enix launches "Shadow of the TOMB RAIDER" video game

THURSDAY, 09/13
JPMorgan Restaurant Conference (Santa Barbara CA)
Gabelli & Co Aerospace & Defense Conference (NY)
BMO Capital 18th Annual Back to School Technology, Education & Business Services Conference (NY)
C.L. King Best Ideas Conference (NY)
WWD Digital Forum NY (NY)
American Ass’n of Bovine Practitioners (Phoenix AZ thru 15th)
FINRA Fixed Income Conference (NY)
Euromoney Covered Bond Congress (Munich DE)
Deutsche Bank dbAccess Insurtech Conference Series (London)
Global Digital Banking (London)
Platts European Refining Summit (Brussels Belgium thru 14th)
Citi 2018 Argentina Day (London thru 14th)
IBC2018 (Broadcast & Media) Congress (Amsterdam NL thru18th)
Citi South Africa Consumer Finance (Johannesburg So. Africa)
AGA 35th Arthroscopy Congress (Linz Austria thru 15th)
Jimmy Fallon’s "Tonight Show" (CMCSA) broadcast from Central Park
Johnson & Johnson (JNJ) Pharmaceutical Business Review (10am et)
Roche virtual Late Stage Pipeline Event 2018 (Basel Suisse)

FRIDAY, 09/14
10th Annual Perspectives in Rheumatic Diseases (Las Vegas thru 15th)
9th Int’l Congress of GRS & IGF Society--Growth Hormone & Insulin-like Growth Factor/Diabetes Control Seattle WA thru 17th)
12th ILCA (Liver) Cancer Ass’n Congress (London thru 16th)
London Fashion Week (London thru 18th)
Meeting of the Int’l Gynecologic Cancer Society (Kyoto Japan thru 16th)
Bandai Namco Entertainment launches "Black Clover: Quartet Knights" video game
EA’s (EA) NHL 19 Launches video game
MOVIES OPENING: "The Predator," Horror, with Boyd Holbrook, Trevante Rhodes, Jacob Tremblay, & Keegan-Michael Key (an odd choice for a horror film), from 20th Century Fox (FOXA). "A Simple Favor," with Anna Kendrick, Blake Lively, Henry Golding, directed by Paul Feig, described as a "stylish thriller filled with twists & betrayals, secrets & revelations, love & loyalty, murder & revenge," based on a Darcey Bell novel of the same name, distributed in US by Lionsgate (LGF.A). "White Boy Rick," with Matthew McConaughey, Jennifer Jason Leigh, Rory Chocrane, Eddie Marsan, Bruce Dern, Piper Laurie, based on a true story of a teenage hustler who, at 14, became the youngest, ever, undercover informant for the FBI, in the 80’s, doing life for drug-trafficking, from Sony Pictures (SNE), after a world premier on 8/31/18 at the Telluride Film Festival. "Unbroken: Path to Redemption," based on Laura Hillenbrand’s bestselling book of the same name, with Samuel Hunt, Merritt Patterson, Will Graham, Gary Cole, via Universal 1440 Entertainment (CMCSA). "Lizzie" based on the 1892 Lizzie Borden family with Kristen Stewart, Chloe Sevigny, (those 2 the only reason it’s mentioned, here), Kim Dickens, Fiona Shaw, released by Saban Films (DIS) & Roadside Attractions (LGF.A). "The Children Act," with Emma Thompson, Stanley Tucci, Fionn Whitehead, Ben Chaplin, about the court fight to order a boy’s blood transfusion that his parents objected to on religious grounds, produced by BBC Films, with North American distribution via A24 & DirecTV (T) Cinema. Based on a true story & a 2014 novel of the same name. "Hal," via Saboteur Media, and starring Allison Anders, Judd Apatow, Jeff & Beau Bridges, Jane Fonda, Rosanna Arquette, and Hal Ashby, the subject of this biography about an "obsessive genius film maker" who never reached the name brand status of Coppola, Scorsese or Spieldberg, due to his obsessive and uncomprising nature, detailed as an art vs commerce cautionary tale. Hal’s films included Shampoo, Harold & Maude, Bound for Glory, Coming Home, Being There, among others, the latter overdue for a revival, given current president, no? But then, isn’t that what Sony Pictures (SNE) "American Chaos," directed by James D Stern, chronicles mostly Republicans, and their feelings of Americans as the countdown to the 2016 Presidential election approaches, to understand the passion for Donald J Trump.

SATURDAY, 09/15
FAME: Fashion Avenue Market (NY RTW fashion thru 17th)
MODA RTW Fashion Week (NY Javits Center thru 17th)
22nd Meeting of the Heart Failure Society of America Scientific Meeting (Nashville TN thru 18th)
ERS (Respiratory Society) Oncology Day @ERS Congress (Paris thru 19th)       EARLIER 2018 OUTLOOKS Here

Sandi Lynne 2018 Nothing contained in this commentary should be construed as a recommendation to buy or sell any security. The opinions expressed are the author’s, alone, and should be just one factor in more complete due diligence.
    

                                                                           Enjoy last week's highlights. I'm retired, now, and prepare what I like, when I want,

Regards
  Sandi Lynne

       (c) 1998--2018 Sandi Lynne