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    Sinclair Broadcast Group Inc "did not fully disclose facts" about aspects of its $3.9 billion acquisition of Tribune Media , the U.S. Federal Communications Commission said in an order released on Thursday that referred the issue to an administrative law judge for a hearing.
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    Boeing claimed victory on Thursday after outselling rival Airbus at this week's Farnborough Airshow, where the world's largest planemakers repeated last year's comparable haul of around 900 orders with the help of leasing industry demand.

Head Winds
DonEdwards web

For the capital markets, the second quarter of this year was very much like the first quarter.  Equity markets were volatile and ended up close to where they started, at least on the domestic side.  Bonds continued to struggle as interest rates moved higher.  Global stocks and emerging market stocks sold off as worries rose about the state of the global economy.  In the U.S., fears of higher inflation combined with worries over free trade, causing investors to fear that the nine-year economic expansion may be in danger.  The yield curve has become very flat, meaning there is not much different between short term and long term interest rates.  This is rarely a good sign for the markets.For the capital markets, the second quarter of this year was very much like the first quarter.  Equity markets were volatile and ended up close to where they started, at least on the domestic side.  Bonds continued to struggle as interest rates moved higher.  Global stocks and emerging market stocks sold off as worries rose about the state of the global economy.  In the U.S., fears of higher inflation combined with worries over free trade, causing investors to fear that the nine-year economic expansion may be in danger.  The yield curve has become very flat, meaning there is not much different between short term and long term interest rates.  This is rarely a good sign for the markets.

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