Home > November 2017 > Nov 10, 2017 Happy Veteran’s Day and Singles Day!

Nov 10, 2017 Happy Veteran’s Day and Singles Day!

November 10th, 2017

Equities and Bond market will be open today. Banks and Federal Offices are closed, so no economic data. In China the BIGGEST “Black Friday/Saturday” will be hitting tomorrow night. Expectations are super high that China will be buying. USD/JPY and the Shanghai Futures market rested after the ride yesterday. Futures are down .31% in the second hour of the european session.

November 2017

  • Trading_Nymph

    Single Day Starts…from Bloomberg…Alibaba Group Holding Ltd. kicked off its annual Singles’ Day shopping bonanza, logging $1 billion in gross merchandise volume within the first two minutes.

    Shoppers from at least 192 countries and regions swarmed the e-commerce giant to scoop up discounted lobster, iPhones and refrigerators. The Chinese company hosted a star-studded gala enlisting tennis star Maria Sharapova and American rapper Pharrell Williams to pump sales. As the event got underway, 93 percent of transactions were done via mobile.

    Analysts are expecting another record day on Alibaba’s platforms, with Citigroup Inc. predicting a 31 percent rise in transactions to 158 billion yuan. While that’s only half of last year’s growth rate, it still dwarfs other events such as Black Friday and Cyber Monday. Billionaire founder Jack Ma is using this year’s event as a testing ground for his plans to revamp China’s $4 trillion traditional retail sector with technology, an experiment that could help the behemoth gain an edge in China’s saturated retail market.

    Nov. 11 emerged as a counter-cultural antidote to the sentimentality surrounding Valentine’s Day. It takes its name from the way the date is written numerically as 11/11, which resembles “bare branches,” a local expression for the unattached.

    Now, it’s become an excuse for people to shop and binge on entertainment shows. Hangzhou-based Alibaba is using the occasion to test the limits of its cloud computing, delivery and payments units — businesses that could benefit from roping in traditional retailers as customers.

    To that end, Alibaba teams fanned out across the nation ahead of Nov. 11 to help outlets– some 600,000 mom-and-pop convenient stores and some 1,000 brands — upgrade their computer systems. Those retailers, many in prime city locations, will become delivery and storage centers.

    To connect a tenth of China’s 6 million convenient stores to the internet, Alibaba uses an app called Ling Shou Tong, meaning “connect retail.” Convenience stores are provided suggestions on what to procure and how to display merchandise. The goods are shipped from dedicated Alibaba warehouses, obviating the middlemen they would otherwise have dealt with. In theory, that improves their profit.

    The company is also converting 100,000 retail outlets into so-called smart stores. Brands including Levis and L’Oreal are taking part. If one shop runs short on certain inventory, customers can track availability at other locations. They can also get goods delivered to their home.

    It’s early days in Alibaba’s grand retail experiment, but if it works, it could deepen a lead over Jeff Bezos’ Amazon.com Inc. in the fragmented world of physical retail. Ma’s company spent billions buying into grocers, shopping malls and even department stores years before Amazon announced its $13.7 billion acquisition of Whole Foods Market Inc.

    Alibaba is already starting to see the initiative trickle into the top line. Revenue from new retail — mainly its Hema supermarkets and Intime department store — more than quintupled in the September quarter. As with convenience stores, Alibaba is trying to franchise the Hema model that combines a supermarket, restaurant and fulfillment center in a single location on its technology platform.

  • Trading_Nymph

    Last China announced that they were opening their banks to foreign ownership. They have been talking about that for months and months already. IMHO, they went foreign money to absorb losses…decreasing their risk. Same with their push towards opening up their bond market.

  • panther341

    Hi TN – I am celebrating whatever this weekend by getting a new phone. 🙂 Had a trip up to church this morning (I am the “labyrinth lady” at my church and we had a group coming to visit the labyrinth – architect types.)

  • Trading_Nymph

    Are you getting on the Iphone X waiting list? Oh, Oh you may want to go to the BABA website and see if you can get a phone on a really cheap price today, though you may have to buy 100 of them lol. If your the Labyrinth Lady, are you the person that rescues people when they get lost in the maze? lol, enjoy!!

  • Trading_Nymph

    OMG you can get a lifetime of Booze if you act fast on Singles Day http://fortune.com/2017/11/10/alibabas-singles-day-extravaganza-has-a-boozy-twist-this-year/

  • panther341

    Not the X! But I did get an iphone. COnsidering I finally gave up on an old Blackberry that never died and never broke and the battery never had a problem … but you could get NO apps for it and …. the screen was too small to do internet, but it was great for texting and email and talking on the phone – communicating! But phones are now really computers. I needed a newer phone for a few years now but I stubbornly kept waiting for the crisis moment. Last night I talked to a lady I know who is 79 and she just got a new iphone and I was SO jealous and then I decided if Kay could get one, I was getting one! Sad but true!

  • panther341

    So I have been reading alot about junk bonds the last few days. Junk bond market looks dreadful. Some talk it is related to the new tax bill.

    But the junk bond market could be a canary in the coal mine. As if the FANG futures were not enough.

  • panther341

    now that the last 2 holdouts have an iphone – AAPL stock should tank! LOL

    a neighbor just gave me a copy of “iphone for Seniors”! should I be mad or amused?

  • Trading_Nymph

    Maybe for Seniors in High School, lol. Well the AAPL market has been saturated, along with the China Retail Market that bought EVERYTHING they need in one day.Let’s have a great tanking..lol.

  • Trading_Nymph

    We have been watching JNK for a few years I think here. Every time it breaks support and we think FINALLY!!! IT’S OVER!! Some Central Banker comes in and it’s back up to 40.00. That Canary has been singing for awhile..