"Nothing important happened today." So wrote King George in his diary on July 4, 1776. In the days of sailing ships dependent on winds, it would take nearly two months for a copy of the Declaration of Independence to reach his hands.
 | | Good morning. "Nothing important happened today." So wrote King George in his diary on July 4, 1776. In the days of sailing ships dependent on winds, it would take nearly two months for a copy of the Declaration of Independence to reach his hands.
Today, such communication would be instantaneous thanks to improvements in technology. While the thought of the founding fathers having a Youtube channel sounds interesting, fast communication between the United States and Great Britain has been around since 1858, when the first trans-Atlantic telegraph cable was laid. In fact, some forex traders still refer to the British pound as "cable" as a result. And, ironically, very little of importance in the financial world occurs on July 4th, as the United States still represents about half of the globe's total stock market wealth and markets are closed. | | |
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| | |  | DOW 26,966.00 | +0.67% | | | | S&P 2,995.82 | +0.77% | | | | NASDAQ 8,170.23 | +0.75% | | | | | *As of market close | | | • | U.S. stock markets were closed for Independence Day Thursday, and global markets saw little changes and light trading volume. | | | | • | Bitcoin declined nearly 2 percent, but has still more than doubled in the past month. | | | |
| | | U.S.-China Trade Talks to Resume Next Week | | 
| | Talks resuming after G20 trade war "truce" declared. | | The United States and China will resume talks on trade issues next week, according to President Trump's chief economic advisor Larry Kudlow. The talks will be held by phone and face to face.
The talks represent a new start after previous talks ended with a stalemate. The stalemate was seen as broken by the G20 meeting, when Presidents Trump and Xi agreed to a truce on trade issues.
» FULL STORY | | | | |
| | Currency Manipulation: The Next Trade War? | |  | | With trade deals underway, Trump hits Europe and China on currency programs. | | Although global markets were largely unchanged on Thursday, with U.S. markets closed, traders are starting to keep a closer eye on the currency markets.
While largely unchanged right now, recent comments from President Trump indicated that currency manipulation by China and Europe was a problem, and that the United States should follow suit.
» FULL STORY | | | | |
| | | | Insider Activity: Dova Pharmaceuticals (DOVA) |  | | Major holder adds to stake in beaten-down biotech company. | | Insiders in the health, pharmaceutical, and biotech space continue to buy shares of their beaten-down companies near today's prices.
The latest big buy? At shares of one of the smaller biotech plays, Dova Pharmaceuticals (DOVA).
On July 3rd, the Perceptive Life Sciences Master Fund, which already owns more than 10 percent of shares and has a seat on the board of directors, added to their stake.
» FULL STORY | | | | |
| | Unusual Options Activity: AngloGold Ashanti (AU) | |  | | Big bet on gold mining company shares moving higher this year. | | Shares of mining companies can be pretty volatile. If gold prices stop moving higher, the share price on these companies can drop quickly.
Yet at least one trader is betting that mining giant AngloGold Ashanti (AU) will trade at least as high as it's been if not higher by the end of January 2020.
On July 3rd, there was a surge in trading on the January 2020 $18 calls. Shares last traded around $17.80, making this option at-the-money.
» FULL STORY | | | | |
| | | | TOP | | | SYMC | 13.575% | | | | JEF | 6.42% | | | | K | 6.303% | | | | CAG | 5.962% | | | | LB | 4.2% | | | | BOTTOM | | | EA | 4.488% | | | | RCL | 2.1% | | | | NCLH | 1.805% | | | | LRCX | 1.245% | | | | FCX | 1.223% | | | | |
| | |  | | We've been accommodative. We will not lift tariffs during the talks. We are hoping that China will toe its end of it by purchasing a good many of American imports | - White House economic advisor Larry Kudlow on the resumption of trade talks with China  | |
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