Econ Advisory April 4, 2017

Portfolio Performance

Portfolio Highlights Salesforce (CRM) .8% spends $6 million to close gender and racial pay gap Domino’s Pizza (DPZ) .1% rose Monday morning on rumors of Panera Sale Alphabet (Goog) -.5% fell following advertising scandal Chevron (CVX) .8% agreed to sell off South African assets for $900 million despite stall in sale of Chinese assets

Econ / Market Summary 1. Panera indicates interest in buyout Bloomberg reports list of potential buyers includes DPZ, Starbucks and JAB Following Buyout of Popeyes last week for $1.8 billion 2,000 locations in U.S. and Canada 2. Google’s Advertising Issues Advertisers withdraw including PepsiCo, Walmart, Starbucks, and GM Google to use neural network to solve issue Competition from Amazon 3. ISM manufacturing survey Indicated the slowing of expansion of U.S. Manufacturing Fell to 53.3 below forecast of 53.5

Upcoming Events Goldman Sachs on campus this week Fed releases March minutes Wednesday Labor Department March report Friday SIC Events… - Meeting next week Tuesday - Industry group meetings