$FCX PR link.Ībbott Labs(PBR134) to complete $25 billion cash/stock acquisition of cardiovasular medical devices developer St Jude Medical(PBR440) on 01/04/17. SPX ends 2016 at 2,238.83, -1.10% from last Friday, +1.82% MTD, +3.25% QTD, +9.54% YTD, -1.45% from record 2,271.72 on 12/13/16.įreeport_McMoRan(PBR128) completes $592 million cash sale of onshore California properties to Sentinel Peak Resources California. International: Brexit, oil price fluctuations, Middle East conflicts, refugee crisis, N Korea nuclear/missile tests, upcoming European elections, climate change, new US president continue to be the headliners.įor more details here are The PBR1000 corporate and economic related breaking news items of interest with hotlinks to the sources for December 2016, starting with the last active business day. US Economy: Modest/moderate growth continues, stable but fragile, significant growth in eCommerce, retail outlets down.įederal Reserve Federal Funds Rate Changes: 1, increased 0.25% to 0.50-0.75%, more increases anticipated in 2017. Share Repurchase Programs: 9 announced, total $17 billion. ![]() Mergers & Acquisitions: 28 deals worth at least $1 billion initiated, closed, or updated. Cabinet appointees being announced, heavy emphasis on business experience, major policy changes expected in healthcare, immigration, infrastructure programs, and international trade. Trump is the US President-Elect, to be inaugurated as the 45th President of the United States on Friday, January 20, 2017. Here’s a quick December 2016 summary on key activities that relate to The PBR1000: It will be an interesting show for the whole world.Īfter a long wait, the Federal Reserve Board finally increased the federal funds rate by a quarter point and signaled there will be more increases in 2017 if the economy continues its modest/moderate growth. The President-Elect is an unpredictable person and there are still a lot of the traditionalists left, so fireworks can be expected. But the transfer of power will proceed in an orderly manner, there is a sense of relief, and hopeful optimism by a large segment of a somewhat disenchanted populace that felt traditional politics had failed them and this was a chance to make much needed changes. This was probably a reflection that the country had completed a long, controversial, mean-spirited, unconventional, and tumultuous presidential election. The US stock markets registered new highs that were no where close to what prognosticators had predicted at the start of the year, mostly due to what most people called The Trump Bump. ![]() ![]() Be alert for Trump Tweets!Ģ016 finished on mostly a high note. There are a lot of puzzle pieces to put together as we start 2017.
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