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The Capitalist Newsletter – January 18, 2017

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TRUMP CRITICIZES GOP PLAN, SAYS DOLLAR IS TOO STRONG; FEAR OF TRADE WAR?

Donald Trump gets ready to take office in just a few days. The time leading up to his inauguration has been a whirlwind of political and financial action focused around Trump’s promises to increase jobs and strengthen the U.S. economy. And while Republicans have started to rally around the new president, there seems to be a little rift within the party. Paul Ryan and the GOP have introduced a new plan called the border adjustment tax, which the GOP believes will boost U.S. manufacturing. But Trump has criticized the plan and is calling for something economists fear will start a trade war. Why are economists so worried? What’s the best course for the U.S.economy?

Read The Capitalist’s Take Here

Read More at Barron’s

Read More at CNN


BRITISH AMERICAN TOBACCO TO PAY $49 BILLION FOR FULL CONTROL OF REYNOLDS AMERICAN

Reynolds American has agreed to be fully acquired by British American Tobacco, the cigarette companies said on Tuesday, in a $49 billion deal that will create a global tobacco powerhouse. The acquisition will bring brands like Camel, Lucky Strike, Newport, Kent and Pall Mall under the same umbrella and create the world’s largest publicly traded tobacco company by sales…

Read More at Forbes Here

Read More at Reuters Here

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Read More at BBC Here


JUSTICE DEPARTMENT FINALIZES MORTGAGE SETTLEMENT WITH DEUTSCHE BANK

The Department of Justice on Tuesday finalized its settlement with Deutsche Bank with the bank paying $3.1 billion and providing $4.1 billion in relief to underwater homeowners, distressed borrowers and affected communities over allegations the German institution misled investors in the packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities between 2006 and 2007. The settlement was along the same financial terms as Deutsche Bank had previously announced. Deutsche Bank admits making false representations and omitting material information from disclosures to investors about the loans included in RMBS securities, the DOJ said…

Read More at MarketWatch Here

Read More at CNBC Here

Read More at Yahoo Finance Here


Closing Bell

– Tuesday, January 17th

Markets, Dollar Close Lower Amid Investor Uncertainty Over Trump Policies

Big Insider Trades

– DISH Network Corp. (DISH) EVP Thomas Cullen Sells $3.75m

-Lawson Products, Inc. (LAWS) Stake Owner King Luther Capital Buys $5.3m

Winners & Losers

– Bentic Biopharma Ltd. (BNTC) Rockets UP (62.16%) After Being Granted Orphan Drug Designation in EU

– EnteroMedics, Inc. (ETRM) Continues to Topple DOWN Another (35.04%) on High Volume as Investor Momentum Swings

Most Talked About

Reynolds American, Inc. (RAI) Considered a Unanimous Strong Buy After Agreeing to $47 Billion Takeover by British American Tobacco

The TIP Sheets

– Tuesday, January 17th

– Sanchez Energy Corp. (SN) Surges UP (17.44%) to New High After Acquiring Anadarko Petroleum for $2.3 Billion. Expect Shares to Continue UP

Unusual Volume

– Reynolds American, Inc. (RAI) Ticks UP (3.06%) on 50m Shares Traded After Being Acquired by British American Tobacco for $49 Billion. Expect Shares to Continue UP

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