Wed July 29 220
One of the steps in Conquer Accounting The Twelve Step Method is to have a daily routine of reading the news.
Consider these items today in the WSJ
Ethics - former PM of Malaysia given 12 years in prison and $50 M fine
the theatrical window the time a movie is in theaters before it goes on sale or is streamed has been shortened from 75 days toi 17 days, will that be the end of sit down theaters?
Bezos Cook Zuckerverg and Pichall are all testifying before congress, expect show trial type conditions especially given the treatment the AG Barr received yesterday
3M sales drop 12%
Hotels rush to raise money
HD sales fall 27% in quarte 2/3 of dealers will not receive any more inventory this year
SBUX has worse loos in years $ -704 M
L BRands Victoria Secret owner lays off hundreds, stock jumps four percent, go figure
NIssan annual loss to exceed 6 billion
Pfizer sees long term manufacture of virus vaccine
MCD manages 74 cents a share business down 68% from a year ago, thank good ness for the drive in window