1. Econ Advisory
April 4, 2017

2. Portfolio Performance

3. 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

4. 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

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