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☆ Morning Bid: Yield curve control morphs
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +3 min

It will keep buying bonds, but time will tell whether and how tenaciously it will impede yields rising beyond 1%. After touching an almost 10-year low in morning trade, Japanese government bond futures rallied following the announcement. For the meantime the sense that some sort of anchor remains also spread some cheer to Treasury trade, sparking a brief rally. Falls in Hong Kong and Shanghai led MSCI's broadest index of Asia-Pacific shares outside Japan 0.9% lower (.MIAPJ0000PUS). Meanwhile, outside of markets, Hamas said its militants fired anti-tank missiles at Israel's invading forces in Gaza early on Tuesday as the conflict intensified.

Persons: Tom Westbrook, DAOU, Christopher Cushing Organizations: REUTERS, Staff, Bank of Japan, Nikkei, Treasury, Bond, Federal Reserve, U.S . Treasury Department, Samsung Electronics, Brookfield consortium, Treasury Wine Estates, Anheuser, Busch Inbev, Bouygues, BASF, BP, Pfizer, Caterpillar, Thomson Locations: Frankfurt, Germany, U.S, Europe, Asia, Falls, Hong Kong, Shanghai, Pacific, Japan, Australia, Gaza

☆ Californian Vineyard Founded by Lebanese Migrants Sells for Up to $1 Billion
▼ + stars: | 2023-10-30 | by ( Stuart Condie | ) www.wsj.com time to read: 1 min

Treasury Wine Estates, an Australia-based producer, will buy California-based DAOU Vineyards. Photo: David Gray/REUTERSSYDNEY—A Californian vineyard set up by two Lebanese migrants who got their first break making wines in a garage in rural San Diego has been acquired by Australia’s Treasury Wine Estates, one of the world’s largest vintners. DAOU Vineyards, owned by Georges and Daniel Daou, has agreed to be bought by Treasury Wine Estates for up to $1 billion in a move the Australian company said provides it with scale to potentially launch a luxury wine division covering the Americas. Treasury is among major producers seeking to generate more revenue from premium wines, which can sell for hundreds of dollars per bottle, as data suggest consumers are buying less bulk wine.

Persons: David Gray, Georges, Daniel Daou Organizations: Wine Estates, REUTERS SYDNEY, Australia’s Treasury Wine Estates, Treasury Wine Estates, Treasury Locations: Australia, California, San Diego, DAOU, Americas

☆ Australia's Treasury Wine to buy US-based DAOU Vineyards for $900 mln
▼ + stars: | 2023-10-30 | by ( Roushni Nair | ) www.reuters.com time to read: +3 min

Bottles of Penfolds Grange, made by Australian wine maker Penfolds and owned by Australia's Treasury Wine Estates, sit on a shelf for sale at a wine shop in central Sydney, Australia, August 4, 2014. The wine producer has been resetting its strategy in an attempt to diversify outside of China, which used to contribute a third of its profits, after Beijing imposed tariffs on Australian wine in 2021 when Canberra called for an inquiry into the origins of COVID-19. The winemaker's combined premium and luxury portfolios delivered double-digit gross profit growth in fiscal 2023, according to its annual report. Including cost synergies of more than $20 million, the acquisition is expected to be mid to high-single-digit earnings per share (EPS) accretive in fiscal 2025, the first year of Treasury owning DAOU. Treasury said it would also issue A$157 million of new shares to the existing owners of DAOU.

Persons: David Gray, Penfolds Grange, Frank Family, Phillip Kimber, Roushni Nair, Shailesh Kuber, Krishna Chandra Eluri, Jamie Freed Organizations: Australia's Treasury Wine Estates, REUTERS, China Deal, Wine Estates, Treasury, P Capital, Thomson Locations: Australian, Sydney, Australia, China, Beijing, Canberra, Americas, Bengaluru

Another conceded that Kennedy could be a real threat to Trump, particularly when it comes to vaccines. They’re less likely to answer the phone for pollsters.”Trump had initially praised Kennedy after he launched his Democratic primary bid. The Biden campaign declined to comment. Third Way, which has been leading the charge against No Labels for Democrats, has had only informal and indirect contact with the Biden campaign and the president’s top advisers. The DNC’s involvement so far has been participating in a couple of video calls Third Way has hosted with groups of state Democratic Party officials, according to Matt Bennett of Third Way.

Persons: Robert F, Kennedy Jr, Joe Biden, Donald Trump, Biden, Trump, Kennedy, Cornel West, Trump Republicans eyeing, “, ” “, ” Trump, Steven Cheung, “ …, Megyn Kelly, ”, They’re, Kennedy’s, we’re, ” Matt Wilhelm, “ I’m, West’s, George W, Ralph Nader, ” Nader, Nader, “ I’ll, Peter Daou, Daou, Vermont Sen, Bernie Sanders, Sanders, Matt Bennett, “ I’ve, I’ve, Virginia Sen, Joe Manchin, Nancy Jacobson Organizations: CNN, GOP, Democratic, Trump Republicans, Voters, Republican National, RFK, White, Trump, Fox News, “ Granite, New Hampshire House, RNC, Democratic National Committee, Biden, West, Green Party, Green, Washington Post, Democratic Party, Greens, Vermont, West’s Green Party, ” Locations: Ukraine, New Hampshire, West, Virginia

There’s little concern that the independent or third-party candidates would actually win the presidency, but they could siphon support from the ultimate Democratic and Republican nominees. In Arizona, alone, minor party candidates must collect more than 34,000 signatures to qualify for the general election ballot. An independent candidate must collect more than 43,000 signatures. Michigan requires a minor party candidate to collect 44,619 signatures and independents to collect 12,000. And in Nevada, a minor party or independent candidate must collect 10,095 signatures to qualify for the ballot.

Persons: Robert F, Kennedy Jr, Cornel West, Joe Biden, Republican Donald Trump, Jill Stein, “, ” Stein, It’s, — Biden, Trump, Kennedy, Stein, Jim Messina, Barack Obama's, Biden, Biden's, ” Messina, —, Gallup, Hillary Clinton's, Louis Farrakhan, Stefanie Spear, Mr, “ Mr, Chris LaCivita, ” LaCivita, Brendan McPhillips, McPhillips, Matt Bennett, ” Bennett, “ Kennedy, It's, they're, ’, Peter Daou, Connecticut Sen, Joe Lieberman, ” Lieberman, Jonathan J, Cooper Organizations: Democratic, Cornel, Republican, Green Party, Gallup, Trump, Associated Press, Biden, Capitol, Democratic Party, Republican Party Locations: Washington, Philadelphia, U.S, West, United States, Arizona, Michigan, Nevada, Pennsylvania, Connecticut, Dallas, Phoenix

Democratic Presidential candidate Robert F. Kennedy Jr. speaks during The World Values Network's Presidential Candidate Series that discusses fighting antisemitism and championing Israel, in New York City, U.S., July 25, 2023. Kennedy's deep-pocketed backers and famous name, combined with a lack of broad enthusiasm for Biden and Trump, could help him take votes from their respective sides. "It could certainly siphon some votes from Trump, but it will certainly hurt Biden much more," said Republican strategist Ford O'Connell, who argued that Trump voters were more enthusiastic than Biden's. HIGH FAVORABILITY, TRUMP DONORKennedy has higher favorability ratings than either Trump or Biden, Reuters/Ipsos polling from September shows, with 51% of respondents having a favorable view of him compared to 45% for Biden and 40% for Trump. At 69, Kennedy might have an appeal to Americans looking for a younger candidate than Biden, 80, and Trump, 77.

Persons: Robert F, Kennedy Jr, Amr Alfiky, Democrat Joe Biden, Republican Donald Trump, Kennedy, Biden, Trump, Donald Trump’s, Matt Bennett, FiveThirtyEight, Ford O'Connell, Trump's, Paul Offit, George W, Bush, Ipsos, Cheryl Hines, Gavin de Becker, Timothy Mellon, Peter Daou, Joe Manchin, Joe Lieberman, Al Gore's, ProPublica, Lieberman, Jeff Mason, Heather Timmons, Lisa Shumaker, Grant McCool Organizations: Democratic, REUTERS, Rights, Democrat, Republican, Republicans, Trump, Independent, Biden, Health Defense, Children's, White House, Reuters, HIGH, TRUMP, RealClearPolitics, Mellon, America, Cornell West, Twitter, U.S, Thomson Locations: Israel, New York City, U.S, Philadelphia, Pennsylvania, Michigan, Georgia, Arizona, American Samoa, West Virginia

☆ Marianne Williamson keeps losing campaign managers as she wages a long-shot bid for the 2024 Democratic presidential nomination
▼ + stars: | 2023-06-20 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

Marianne Williamson's latest campaign manager just parted ways with the long-shot Democratic candidate. It comes less than a month after her previous campaign manager resigned. POLITICO reported on Tuesday that Roza Calderon, who first joined Williamson's campaign as a fundraiser in April, has parted ways with the long-shot Democratic candidate and self-help guru's campaign. It was not clear whether Calderon was fired or resigned, and a spokesperson for Williamson's campaign did not immediately respond to Insider's request for comment on the matter. Peter Daou, Williamson's previous campaign manager, announced his own resignation on Twitter in late May.

Persons: Marianne Williamson's, Williamson, Robert F, Kennedy, Jr, —, Roza Calderon, Calderon, Peter Daou, Daou, Hillary Clinton, Kennedy Jr, who's, Joe Biden, It's Organizations: Democratic, Service, Privacy, POLITICO, Twitter, Biden

☆ Gwyneth Paltrow makes first appearance since ski trial at LA Fashion Awards
▼ + stars: | 2023-04-24 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Nearly one month after Gwyneth Paltrow prevailed in the trial connected to a 2016 ski collision on a Utah mountain, the Goop founder stepped out in Beverly Hills to accept an award at the Daily Front Row’s LA Fashion Awards on Sunday. Watch as jury reads verdict in Gwyneth Paltrow ski collision trial 01:00 - Source: CourtTVIn her speech, Paltrow said that the award she was receiving is “lovely and very meaningful,” and added that they started G. Label in 2016 “for women who work, and who have kids and run around and wanted to be comfortable and confident.”(From left) Gwyneth Paltrow and Sara Foster at the LA Fashion Awards. Kim Kardashian and her daughter North West, Miley Cyrus, Teyana Taylor, Brie Larson and Keanu Reeves, among others, also attended the LA Fashion Awards with DAOU Vineyards on Sunday, which is an event that celebrates visionaries in fashion and Hollywood. Paltrow countersued Sanderson, alleging he crashed into her. Late last month, the jury found Paltrow not liable and ruled in her favor in her counterclaim against Sanderson.

You feel like he's on a solo mission," Tania Daou-Alam, who lost her husband in the blast, told Reuters. Bitar went on to file his own charges against several top politicians, including former ministers allied to Hezbollah. Bitar, a devout Catholic from Akkar region of the north, has charged officials from across the sectarian spectrum including Shi'ites, Sunnis and Christians. "I said from the start 'the right person is in the right place'," he added, describing Bitar as just with no political affiliations. William Noun, who lost his brother in the blast, said of Bitar's move: "This is very much a judicial uprising".

☆ Lebanon MPs pass second attempt at new banking secrecy law
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +2 min

BEIRUT, Oct 17 (Reuters) - Lebanon's parliament on Thursday passed another round of amendments to a banking secrecy law after the International Monetary Fund said a previous draft retained key deficiencies. The IMF has laid out a list of reforms, including amending its banking secrecy law, that Lebanon must implement before it can gain access to $3 billion to relieve its economic crisis, one of the worst in modern history. Parliament passed an amended banking secrecy law in late July but the IMF recommended a slew of changes and Lebanese President Michel Aoun sent it back to parliament to make them. The latest draft still does not lift banking secrecy as a whole. The law still needs to be signed into law by Aoun, whose term ends on Oct. 31.

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