Professor Elam

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