Check the background of this firm on FINRA's BrokerCheck.

Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

4/10/19

Discovery (DISCA) had a good day. The media company that owns various networks including Discovery, HGTV, and Food Network jumped 6% to a four month high after announcing a on-demand programming partnership with Alphabet's YouTube; eight channels from Discovery network brands will be brought to YouTube TV, which will now have an updated membership price of $49.99/month. Things are looking up at Discovery.

A tough day for the banks as the top CEO got grilled in front of Congress. Wells Fargo (WFC) finished down a percent as the Democratic-controlled House is ratcheting up oversight of the industry. The roughly six hours of testimony touched on the financial crisis, probes, capital rules, wages, interest rates, the economy, the Federal Reserve, China, climate change, gender equality, diversity, cybersecurity and cryptocurrencies, as well as how banks serve rural areas, small businesses, millennials, immigrants in the DACA program, gun makers, prisons, fossil-fuel companies, car buyers, home buyers and people living in Guam. Former Goldman Sachs CEO, Lloyd Blankfein sent a message out on Tweitter saying, "Boy, I really miss my old job!!!,"

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.