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Money Morning Chatter (July 22, 2019)

Futures up slightly but no shades needed from the looks of it.

Google inadequately protected kids who used its video-streaming service and improperly collected their data in breach of the Children’s Online Privacy Protection Act, or COPPA, which prohibits the tracking and targeting of users younger than 13. Not sure how or why the age 13 was chosen for COPPA, but I would like to see it protect all minors. Shame on Youtube for tracking and targeting users of all ages. $GOOG $GOOGL

Disney with another hit. The Lion King has a huge weekend. Not sure why the movie opened in China earlier last week, but the box office take there was a strong sign that the movie would do well in North America.

We recognize that politics often intersects with the financial news of the day, so we invite you to join the separate political discussion. The day before Boris Johnson is likely named U.K. prime minister, a high-profile exit from the government is already in the cards: Chancellor of the Exchequer Philip Hammond. Justice Secretary David Gauke is also threatening to leave, and a slew of more junior ministers are expected to go as well. With Johnson becoming prime minister, the risks of a no-deal Brexit will rise to an all-time high.

Elon Musk Tweeted yesterday: "Next year’s Hyperloop  competition will be in a 10km vacuum tunnel with a curve"- This would be Hyperloop Competition 5. At the end of the day, speed records are just icing on the Hyperloop Competition cake, following the main motivation of offering an almost unbeatable applied engineering learning opportunity for student groups around the world.

Speaking of Tesla, "We continue to believe that despite the impressive 2Q demand rebound, the ability to hit its aggressive FY19 unit guidance of 360k to 400k will be a Herculean task," notes analyst Dan Ives. Wedbush has a Neutral rating on Tesla and price target of $230. $TSLA

Analyst Katy Huberty on Apple: "The combination of negative investor sentiment, the potential for a services acceleration in June, and a low bar for September guidance keep us positively biased into earnings." Roger that. Last Monday, Rosenblatt Securities analyst Jun Zhang downgraded Apple stock from Neutral to Sell. "We believe there is less reward for owning Apple stock after the recent stock rebound from stock buybacks and stable second quarter guidance."
Time to see what my neighbor Gerry thinks about $AAPL this week.

Equifax is nearing an agreement to pay $700M to settle privacy claims stemming from a 2017 breach that exposed Social Security numbers and other sensitive personal information affecting nearly 150M people. In comparison, Yahoo and plaintiffs, in a case over a data breach affecting three billion user accounts, agreed to a settlement that would require Yahoo to pay $117.5 million. No explanation as to why former Yahoo CEO Marissa Mayer did not make the Mail breach public information for over two years. $EFX

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