{"id":33803,"date":"2016-10-25T03:01:18","date_gmt":"2016-10-25T08:01:18","guid":{"rendered":"http:\/\/prefblog.com\/?p=33803"},"modified":"2016-10-25T03:01:18","modified_gmt":"2016-10-25T08:01:18","slug":"october-24-2016-2","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=33803","title":{"rendered":"October 24, 2016"},"content":{"rendered":"

Another shot has been fired in the minimum wage battles<\/a>:<\/p>\n

Just around the corner from Google’s GOOGL +0.26% main campus in Mountain View, California sits a nondescript concrete building. Inside the building, the future of fast food is being developed and refined. This is the headquarters of Zume. Founded by former Zynga Studio head Alex Garden, Zume wants to revolutionize the $9.7 billion pizza delivery world. Their plan is simple; no humans, all robots. From the production line assembly of the pizza to the eventual delivery, robots are the primary labor ingredient.<\/p>\n

The process is not completely human free at this point, with humans adding the cheese and toppings, but it is only a matter of time before robots are able to take over that process as well. Currently the robots add sauce to the dough (the sauce robot is named \u201cMarta\u201d) which travels on a conveyor belt to humans who add toppings and cheese. Bruno the robot then places the pizzas in an oven. A couple of Fiats driven by humans (for now) deliver the pizzas locally.<\/p><\/blockquote>\n

Here’s an interesting piece on drone taxis<\/a>:<\/p>\n

Mass transit, the lifeblood of cities worldwide, is under threat from the biggest innovation in automotive technology since Henry Ford\u2019s assembly line first flooded streets with cars.<\/p>\n

The self-driving vehicles being pioneered by Tesla Motors Inc., Alphabet Inc.\u2019s Google and others are poised to dramatically lower the cost of taxis, potentially making them cheaper than buses or subways, according to a joint report by Bloomberg New Energy Finance and McKinsey & Co. Having no driver to pay could reduce taxi prices to 67 cents a mile by 2025, less than a quarter of the cost in Manhattan today, the report found.<\/p>\n

It\u2019s a change with the potential to reshape commuting patterns, transforming urban life. As prices fall, the challenge for cities is that the cars may become too popular. Instead of complementing public transit, they may lure commuters away from buses and trains, inundating streets with drone cars.<\/p><\/blockquote>\n

I find it very worrisome that US tribalism is increasing<\/a>:<\/p>\n

The divisions over Peter Thiel and his support for Donald Trump are deepening in Silicon Valley.<\/p>\n

Dismay over the billionaire venture capitalist\u2019s stance on the Republican candidate has been showing up all across the technology landscape — from a startup founder saying he regrets taking a Trump backer\u2019s money to a prominent diversity group refusing to work with any company associated with Thiel. In one recent case, it also throttled the flow of cash into a fledgling VC fund.<\/p>\n

Arlan Hamilton, managing partner at Backstage Capital, said she rejected a potential investor because the person refused to disavow and sever ties with Thiel, a co-founder of PayPal and Palantir Technologies Inc. She declined to name the investor, saying the person offered to put $500,000 in her Los Angeles-based technology seed fund.<\/p>\n

While the amount is tiny by industry standards, it is significant to Hamilton\u2019s year-old seed fund, which has about $5 million in commitments, according to a report by Inc. The stymied deal reflects the growing divisiveness in the run up to the U.S. presidential election, which is spilling into everyday business. Hamilton took to Twitter to air her political protest.<\/p>\n

\u201cBecause of my Peter Thiel stance, my company just lost half a million $ in new funding,\u201d Hamilton wrote on Twitter. \u201cCouldn\u2019t have Thiel money flowing through our company. Hard problem. Easy decision.\u201d<\/p><\/blockquote>\n

The market report will be delayed.<\/p>\n

Update, 2016-10-26<\/b>:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.9673 %<\/td>\n1,705.6<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.9673 %<\/td>\n3,115.7<\/td>\n<\/tr>\n
Floater<\/td>\n4.40 %<\/td>\n4.53 %<\/td>\n41,928<\/td>\n16.36<\/td>\n4<\/td>\n-0.9673 %<\/td>\n1,795.6<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0330 %<\/td>\n2,904.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.82 %<\/td>\n4.55 %<\/td>\n38,680<\/td>\n2.09<\/td>\n6<\/td>\n0.0330 %<\/td>\n3,468.2<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0330 %<\/td>\n2,706.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.34 %<\/td>\n3.47 %<\/td>\n73,104<\/td>\n0.10<\/td>\n23<\/td>\n-0.0142 %<\/td>\n2,705.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.12 %<\/td>\n5.12 %<\/td>\n97,730<\/td>\n15.24<\/td>\n15<\/td>\n-0.0170 %<\/td>\n2,908.8<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.86 %<\/td>\n4.25 %<\/td>\n165,450<\/td>\n6.90<\/td>\n93<\/td>\n-0.1057 %<\/td>\n2,094.5<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.02 %<\/td>\n2.96 %<\/td>\n111,585<\/td>\n0.43<\/td>\n32<\/td>\n-0.1506 %<\/td>\n2,809.1<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.87 %<\/td>\n3.79 %<\/td>\n42,403<\/td>\n4.95<\/td>\n12<\/td>\n0.0302 %<\/td>\n2,267.2<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
TRP.PR.H<\/td>\nFloatingReset<\/td>\n-2.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-10-24
\nMaturity Price : 10.68
\nEvaluated at bid price : 10.68
\nBid-YTW : 4.13 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset<\/td>\n-1.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-10-24
\nMaturity Price : 21.39
\nEvaluated at bid price : 21.71
\nBid-YTW : 4.96 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n-1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-10-24
\nMaturity Price : 10.52
\nEvaluated at bid price : 10.52
\nBid-YTW : 4.53 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset<\/td>\n-1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 15.42
\nBid-YTW : 9.66 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset<\/td>\n-1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.52
\nBid-YTW : 7.58 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset<\/td>\n-1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 19.77
\nBid-YTW : 6.85 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 14.15
\nBid-YTW : 10.09 %<\/td>\n<\/tr>\n
BAM.PR.C<\/td>\nFloater<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-10-24
\nMaturity Price : 10.41
\nEvaluated at bid price : 10.41
\nBid-YTW : 4.58 %<\/td>\n<\/tr>\n
MFC.PR.O<\/td>\nFixedReset<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-06-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.88
\nBid-YTW : 3.97 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-10-24
\nMaturity Price : 19.75
\nEvaluated at bid price : 19.75
\nBid-YTW : 4.68 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
BMO.PR.B<\/td>\nFixedReset<\/td>\n529,555<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-02-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.71
\nBid-YTW : 4.29 %<\/td>\n<\/tr>\n
TD.PF.H<\/td>\nFixedReset<\/td>\n461,080<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.70
\nBid-YTW : 4.26 %<\/td>\n<\/tr>\n
RY.PR.L<\/td>\nFixedReset<\/td>\n417,634<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.20
\nBid-YTW : 3.52 %<\/td>\n<\/tr>\n
BNS.PR.H<\/td>\nFixedReset<\/td>\n357,756<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-01-26
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.86
\nBid-YTW : 4.25 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset<\/td>\n198,575<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-10-24
\nMaturity Price : 20.95
\nEvaluated at bid price : 20.95
\nBid-YTW : 4.10 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset<\/td>\n168,236<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-10-24
\nMaturity Price : 18.25
\nEvaluated at bid price : 18.25
\nBid-YTW : 4.36 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nDeemed-Retractible<\/td>\n111,700<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.03
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
There were 34 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
IFC.PR.D<\/td>\nFloatingReset<\/td>\nQuote: 18.55 – 23.00
\nSpot Rate : 4.4500
\nAverage : 4.2914<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.55
\nBid-YTW : 7.40 %<\/td>\n<\/tr>\n

TRP.PR.H<\/td>\nFloatingReset<\/td>\nQuote: 10.68 – 11.14
\nSpot Rate : 0.4600
\nAverage : 0.3224<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-10-24
\nMaturity Price : 10.68
\nEvaluated at bid price : 10.68
\nBid-YTW : 4.13 %<\/td>\n<\/tr>\n

GWO.PR.N<\/td>\nFixedReset<\/td>\nQuote: 13.77 – 14.17
\nSpot Rate : 0.4000
\nAverage : 0.2774<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 13.77
\nBid-YTW : 10.37 %<\/td>\n<\/tr>\n

RY.PR.P<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.95 – 26.14
\nSpot Rate : 0.1900
\nAverage : 0.1325<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-02-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.95
\nBid-YTW : 4.66 %<\/td>\n<\/tr>\n

TRP.PR.B<\/td>\nFixedReset<\/td>\nQuote: 12.09 – 12.28
\nSpot Rate : 0.1900
\nAverage : 0.1339<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-10-24
\nMaturity Price : 12.09
\nEvaluated at bid price : 12.09
\nBid-YTW : 4.13 %<\/td>\n<\/tr>\n

ELF.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.87 – 23.11
\nSpot Rate : 0.2400
\nAverage : 0.1842<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-10-24
\nMaturity Price : 22.62
\nEvaluated at bid price : 22.87
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Another shot has been fired in the minimum wage battles: Just around the corner from Google’s GOOGL +0.26% main campus in Mountain View, California sits a nondescript concrete building. Inside the building, the future of …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-33803","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33803"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33803\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}