November 30, 2016

The drone arms race is heating up! Here’s a jammer:

A company called DroneShield has introduced a 13-pound, rifle-shaped jammer that it says can take down drones from a distance as far as 1.2 miles away.

The DroneGun isn’t meant for drone hobbyists or their vengeful neighbors. The company says it could thwart drones carrying explosives intended to carry out a civilian or military attack, or stop those that venture illegally into restricted airspace or onto prohibited property.

The gun’s effect is not exactly obvious. There’s no projectile fired or resulting explosion that would make for great action-movie footage. Instead, the DroneGun jams the radio and/or GPS frequency that tells the drone where to go. The gun operator can then land the drone immediately or signal it to return home.

Well, we’ve talked about self-ordering kiosks at McDonalds. And then we talked about them again. And then Wendy’s installed them. And the future is now:

Earlier this month, McDonald’s announced the nationwide roll-out of touchscreen self-service kiosks. In a video the company released to showcase the new customer experience, it’s striking to see employees who once would have managed a cash register now reduced to monitoring a customer’s choices at an iPad-style kiosk.

It’s not just McDonald’s that has embraced job-replacing technology. Numerous restaurant chains (both quick service and full service) have looked to computer tablets as a solution for rising labor costs that won’t adversely impact the customer’s experience. Eatsa, a fully-automated restaurant concept, now has five locations—all in cities or states that have embraced a $15 minimum wage. And in a scene stolen from The Jetsons, the Starship delivery robot is now navigating the streets of San Francisco with groceries and other consumer goods. The company’s founder pointed to a rising minimum wage as a key factor driving the growth of his automated delivery business.

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices

Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)
Median
YTW
Median
Average
Trading
Value
Median
Mod Dur
(YTW)
Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 0.2042 % 1,752.0
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.2042 % 3,200.5
Floater 4.28 % 4.45 % 48,201 16.43 4 0.2042 % 1,844.4
OpRet 0.00 % 0.00 % 0 0.00 0 -0.0464 % 2,919.5
SplitShare 4.84 % 4.47 % 53,975 4.34 6 -0.0464 % 3,486.5
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0464 % 2,720.3
Perpetual-Premium 5.44 % 5.32 % 81,752 14.45 23 0.0454 % 2,658.1
Perpetual-Discount 5.39 % 5.38 % 93,146 14.79 15 0.1696 % 2,782.3
FixedReset 4.87 % 4.61 % 206,172 6.84 96 0.3699 % 2,098.5
Deemed-Retractible 5.17 % 5.24 % 137,833 4.59 32 0.0249 % 2,754.2
FloatingReset 2.89 % 3.89 % 43,180 4.84 12 0.0000 % 2,301.6
Performance Highlights
Issue Index Change Notes
HSE.PR.C FixedReset 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-11-30
Maturity Price : 20.35
Evaluated at bid price : 20.35
Bid-YTW : 5.13 %
IFC.PR.A FixedReset 1.06 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 16.23
Bid-YTW : 9.37 %
CU.PR.C FixedReset 1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-11-30
Maturity Price : 19.08
Evaluated at bid price : 19.08
Bid-YTW : 4.46 %
FTS.PR.K FixedReset 1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-11-30
Maturity Price : 17.62
Evaluated at bid price : 17.62
Bid-YTW : 4.48 %
FTS.PR.H FixedReset 1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-11-30
Maturity Price : 13.41
Evaluated at bid price : 13.41
Bid-YTW : 4.57 %
IAG.PR.G FixedReset 1.21 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.05
Bid-YTW : 7.05 %
IFC.PR.C FixedReset 1.38 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.83
Bid-YTW : 6.91 %
FTS.PR.G FixedReset 1.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-11-30
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 4.43 %
GWO.PR.N FixedReset 1.57 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 13.80
Bid-YTW : 10.52 %
CCS.PR.C Deemed-Retractible 1.76 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.10
Bid-YTW : 6.17 %
NA.PR.W FixedReset 1.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-11-30
Maturity Price : 18.46
Evaluated at bid price : 18.46
Bid-YTW : 4.55 %
HSE.PR.A FixedReset 2.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-11-30
Maturity Price : 12.60
Evaluated at bid price : 12.60
Bid-YTW : 5.22 %
BAM.PR.R FixedReset 2.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-11-30
Maturity Price : 17.07
Evaluated at bid price : 17.07
Bid-YTW : 4.77 %
Volume Highlights
Issue Index Shares
Traded
Notes
BAM.PF.I FixedReset 245,165 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-11-30
Maturity Price : 23.14
Evaluated at bid price : 25.00
Bid-YTW : 4.74 %
TRP.PR.K FixedReset 137,355 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-11-30
Maturity Price : 23.10
Evaluated at bid price : 24.90
Bid-YTW : 4.85 %
SLF.PR.A Deemed-Retractible 81,000 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.63
Bid-YTW : 6.22 %
MFC.PR.R FixedReset 51,125 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.87
Bid-YTW : 4.96 %
TRP.PR.E FixedReset 46,750 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-11-30
Maturity Price : 18.44
Evaluated at bid price : 18.44
Bid-YTW : 4.76 %
W.PR.J Perpetual-Premium 44,225 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-11-30
Maturity Price : 24.87
Evaluated at bid price : 25.17
Bid-YTW : 5.63 %
There were 54 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
BMO.PR.R FloatingReset Quote: 23.06 – 23.43
Spot Rate : 0.3700
Average : 0.2455

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.06
Bid-YTW : 3.77 %

PWF.PR.S Perpetual-Discount Quote: 22.30 – 22.57
Spot Rate : 0.2700
Average : 0.1906

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-11-30
Maturity Price : 21.94
Evaluated at bid price : 22.30
Bid-YTW : 5.42 %

FTS.PR.J Perpetual-Discount Quote: 22.44 – 22.65
Spot Rate : 0.2100
Average : 0.1396

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-11-30
Maturity Price : 22.19
Evaluated at bid price : 22.44
Bid-YTW : 5.31 %

BNS.PR.A FloatingReset Quote: 23.57 – 23.75
Spot Rate : 0.1800
Average : 0.1123

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.57
Bid-YTW : 3.73 %

IAG.PR.A Deemed-Retractible Quote: 22.03 – 22.30
Spot Rate : 0.2700
Average : 0.2025

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.03
Bid-YTW : 6.47 %

PVS.PR.E SplitShare Quote: 25.49 – 25.80
Spot Rate : 0.3100
Average : 0.2448

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.49
Bid-YTW : 5.13 %

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