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Nothing happens on Friday. This means more internet surfing, more texting your group chats about what you’re getting into this weekend, and more talking with your coworkers. So read this before throwing down at the water cooler and you might finally be able to impress that new marketer that joined last month.
Everyone likes you when you’re 23
The Dow Jones Industrial Average (DJIA) hit another milestone this past Tuesday by reaching 23 thousand. That continues its 9 year bull run and has risen over 17% just this year. That is about 10% higher than your average annual gain in the stock market. There was mass excitement earlier this year when the DJIA passed 20 thousand, but then the Trump Train kept chugging along past 21 and 22, opening at 23,163 this morning. We’ll find out how much more steam this train has as investors Thursday were reminded that all good things come to an end from the 30 year anniversary of Black Monday where the Dow plummeted over 22% in one day. [via Market Watch]
Is Amazon Coming to Your City?
Amazon is like a hot girl at the bar: everyone is trying their best to impress her. More than 100 potential mates have submitted their applications in hopes that their city will be the home of Amazons second headquarters. And what does Amazon have to offer you might ask? Only a minor 50,000 new jobs and a measly investment of about $5 billion. The deadline for applications was this past Thursday and applicants have ranged from large cities such as NYC and Chicago to smaller cities such as Maumee Ohio. Who knows… Amazon might be coming to a city near you.[via Bloomberg]
NAFTA all this time?
One of Donald Trump’s main campaign promises is that he would renegotiate the North American Free Trade Agreement, and if they didn’t get what they wanted then they would terminate it to get a much better deal for US workers. Well… now we’re at the end of round four and still the three countries cannot agree. This is mostly based on US proposals that certain percentages of manufactured products must be made by US workers and that the agreement is signed on sunset clause of 5 years. NAFTA is viewed in some eyes as a reason why the US has lost many manufacturing and technology jobs to other countries overseas in the past 24 years. Others see globalization, cheaper labor, and lower safety standards abroad as the reason for the jobs have left. While unlikely, the hope is that this New NAFTA will bring those jobs (and more) back. Only time will tell. [via CNN]
Cryp Walkin
Last month, China banned residents from trading on crytocurrency exchanges. This had a large effect as most coins across the board dropped in value. Arguably the two most popular coins, Bitcoin and Ethereum, dropped to $3,000 and $200 respectably. Since the Chinese ban both of these currencies have rebounded over 40% with Bitcoin seemingly setting record highs each day. This test from China is a perfect example that the operation of blockchain technology doesn’t depend on one country or currency. Like the Dow, there still seems to be a lot of gas left in the tank for Bitcoin and other alt coins to increase in value this year. Like the great Lil Wayne said, the sky is the limit. [via Forbes]
Image via MikeDotta / Shutterstock.com
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@ellisnd02
@ellisnd
Amazon is hot, but don’t touch their stock. They’re trading wayyyy more than their worth which is never a good sign.
Thank you for your trading advice, Casting Couch.
So is Shopify and Netflix. Although, Netflix is looking to disrupt the market further by ponying up $8billion in original movie content for 2018. It will be interesting to see if that content spend can reap ROI and acquire new users even with their membership price increase. Look to LLNW to grow more rapidly with a much more net positive cash flow
Bought both of them low *fist pump*
Also bought Under Armour & INSYS so I’m not batting 1.000
My continual gains from AMZN beg to differ.
Same here, went long when it was 825/share
I’m still sad I missed out on Amazon. I did snag GOOGL and FB at $535 and $75, respectively, so that’s been nice.
Amazon already knows which cities are their top picks. No way they didn’t make the announcement without already narrowing down where they would go. I don’t think there is even a slight chance Amazon comes to DC. So when I had to drop everything I was doing to prepare some data and maps for our regions pitch I was not a happy camper.
I’m not a betting man and I’d put money down via MyBookie.ag that they’re going to Boston.
My darkhorse pick is Atlanta.
I’m really hoping Atlanta, for no real reason other than my best friend that works at Amazon might be in Atlanta a lot more.
I legit have no idea what Bowser was thinking with DC’s proposal. The one site that seemed like it would’ve made the most sense was the old Benning Road power plant (which already would’ve been a stretch on the RFP’s requirements), but instead she made this odd hodgepodge of four different locations all within the city that would be miserable to commute between.
My guess is that it’s either going to be Denver, Boston, Pittsburgh, or as a totally longshot option, somewhere in the Research Triangle.
Question: how does one get into cartography?
Snarky answer – you go to school for it.
How I got into – was a Bio major when I first went to college, failed chem II and realized I hated that subject. Took a bunch of random classes one semester to try to find a new field. Two of those were geography classes and I aced them. Found my new field. For one semester I figured I’d be a social studies teacher. Realized I hate children and would be a terrible teacher and needed to find a new career goal. Took an urban planning class and fell in love. Everyone in the geography dept at TXST has to GIS classes, took two and loved them. Graduated college in 09’ and no one was hiring. Decided 2 years later to go to grad school for GIS. Now I work as a GIS analyst for a transportation dept. I really lucked out being able to use both of my degrees and work in a field I absolutely love.
They are coming to KC, that just want to pretend other people have a chance.
So basically like a hot girl at a bar.
I cashed out my MyBookie account into Bitcoin. Both are risky places to put your money but it’s looking a lot more likely I will double my money in cryptocurrency than my shit betting.
The ‘zon is coming to Ohio. This state breeds innovation, and Jeffrey B knows that.
My bet is Toronto: centralized enough for 2 countries. Increase market penetration in 2 markets. Better immigration work laws to attract global talent for cheaper salaries/contracts. Good public transit system with a well placed airport. Cheaper to do business given the value of the US dollar
100% Toronto. My uncle works decently high up for Amazon and since he’s from Europe, travels there to recruit for them. A lot of Europeans they hire currently go to Vancouver since the H1-B1 program has made extremely difficult to get into the Seattle office. The problem is the US does not have enough talent to support the number of high level computer programmers and developers they need so they need to hire globally. Large Canadian city near the east coast is the move for sure.
Hence all the empty, rusty factories.
The Chinese have been buying them up like crazy. Cheap, already established manufacturing real estate in a business-friendly tax state. My original comment was a joke in terms of Amazon moving here, but it really is a prime spot for businesses.
Being by Maumee, Ohio, it’s cute they think it’s worth a shot. Probably better off piggybacking onto Detroit’s bid
419 stand up!
The only innovation that Ohio breeds is people trying to find a way out of Ohio.