Notes From All Over -- The "Market" Edition -- July 7, 2020

Some of the following has been previously posted. 

"Breaking 911" back in the twitter feed. 

Going, going, gone, Groningen, link here:

• output hits record low of 470 mil cu m in June 
• production at Eemskanaal continues to fade, down to 6,500 cu m 
• Dutch regulator advises GY-20 Groningen quota as 9.3 Bcm  

Walmart is surging. Link here.

With the Nasdaq trading at record highs on its sixth straight day in the green, largely thanks to Amazon surpassing $3,000 a share, Wal-Mart is gearing up to launch what it hopes will be its "Amazon Prime Killer" - a new e-commerce subscription service called "Walmart+".

According to Recode, Wal-Mart is planning to launch the new service later this month.

The service will cost $98 a year, and include perks like same-day delivery of groceries and general merchandise, discounts on fuel at Walmart gas stations, and early access to product deals ...

Wal-Mart had initially planned to launch the new service in March or April, but it delayed the rollout due to COVID-19.

As Amazon struggles to roll out grocery delivery across the US (so far, it has concentrated mostly on the big cities), Wal-Mart is leaning on this natural advantage as a central component of this new service. [Comment: Walmart+ will quietly fade away by 2025.]

Oh-oh:

"Breaking 911": I can't find details, but it looks like "Breaking 911" has been suspended from Twitter again. No "Breaking 911" tweets on my twitter feed since last night. One could expect at least a dozen tweets overnight. 

Market, mid-morning:

• AAPL: hits an all-time new high; up over 1%; adds another $4.28 to be trading at $378.04; market cap ever so slightly above MSFT which is also having a great day
• TSLA: unreal -- up another 3.5%; up $47 to be trading at $1,420. Again, a nice milestone, easy to remember, $1400.
• Dow: has cut its "losses" from 300 points down at the beginning of the session to being down 150 ponts today
• hunch: the Dow will close today, somewhere between being up 200 points and down 1,000 points; but in early morning trading, it is clear traders want to move this market higher; 
• sell in May, go away? LOL. It's Christmas in July for some.

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