Outwitting the “Entity List”
As for your concerns — cost of healthcare versus stock market crash — our first reader says:
“Right now, my major worry is unexpected medical expenses. My daughter just received a very bad diagnosis and my ridiculously expensive health insurance covers almost nothing.”
We’re very sorry to hear this; it’s a shame when life gets hardest, we have to worry about… insurance. Our thoughts are with you and your daughter.
As for the viability of Walmart or Amazon, a reader says…
“My money is on Walmart. Walmart is a real business and makes money on its own and has for a lot of years. I don’t see how Amazon makes any money at all — free this, free that, and the biggest kicker — free delivery?
“I’m guessing UPS and FedEx walked away from Amazon when Amazon tried to extort lower shipping rates. Now Amazon is going to try to beat UPS and FedEx at their own game? They both probably deliver 4-5 times more items per route than Amazon ever could.
“Then this weekend I hear that Amazon wants to contract out all routes to franchise drivers. This is a sure sign that they are losing their a** on delivery. With free delivery, who’s paying these contractors? I guess they’ll be banging on the door expecting tips! God bless any poor soul that signs up for this sham.
“You watch, just like Edison, Nikola Tesla, and Elon Musk, this blabber head Bezos won’t have two nickels to rub together when he’s on his deathbed.”
Agree Bezos is headed for penury?
Your Rundown for Tuesday, May 21, 2019:
The “Entity List” and Endruns
Yesterday, we touched on the battle between Amazon and Walmart for tech dominance; today, we examine another battle brewing between tech titans Alphabet (Google) and China’s Huawei, the world’s second-largest maker of smartphones.
And it’s playing out with all the melodrama of a bad soap opera. (Any other kind?)
Sunday, due to trade-war blacklisting of the Chinese company, Google said it would break with Huawei. Then the White House had second thoughts, easing restrictions against the Chinese phone maker.
Instead of blacklisting, the U.S. government essentially “watchlisted” the company, granting a temporary 90-day license for U.S. companies to continue to do business with Huawei.
“The exemption allows Google to send software updates to Huawei phones which use its Android operating system through to August 19,” says CNBC.
No word if Google’s decision to continue to play nice with Huawei has anything to do with the Chinese company’s reveal of a way to endrun Google’s ban and the U.S. government’s “Entity List” — 69 companies accused of playing fast and loose with American national security interests.
Huawei has been secretly creating its own app store to rival Google’s ubiquitous Play Store in the event of trade war restrictions.
“It would seem to make sense as a method for diversifying Android’s app platforms, and to offer meaningful competition to encourage Google to keep improving the Play Store,” The Verge says.
But does Google really want the competition? Let’s be real.
Market Rundown for Tues. May 21, 2019
S&P 500 futures are up 19 points to 2,859.31.
Oil is down 10 cents to $63 for a barrel of WTI.
Gold is down $5.70 to $7,895.11 per ounce.
Bitcoin’s lost $100 to where it sits at $7,895.11
Have a great Tuesday. We’ll catch up tomorrow.
For the Rundown,