No Name, Fly me to the moon. A Japanese billionaire is looking to join the mile-high club

[Image]( EMAIL}/redirect (Advertisement) Posted on Monday, January 13th, 2020 by Jeff and Jason on Raging Bull ☑️ They took our jobs. The December jobs report showed that the US added 145k jobs, lower than an expected 165k. While employers kept the streak alive, adding jobs for 10 straight years, investors were not having it. The unemployment rate remained at 3.5% and earnings rose 2.9%, pulling back from November’s 3.1%, which also suggests that the economy is slowing. Major indices were down on the news. Sad! ☑️ Fly me to the moon. A Japanese billionaire is looking to join the mile-high club. Yusaku Maezawa, who plans to be the first tourist aboard a SpaceX rocket headed for the moon, is piggybacking off of the maiden voyage to find the love of his life by offering an all-expense paid, week of space sex (get it?). Yusaku even set up a website for women to apply to accompany him on the trip, and also, ya know, "fall in love" with him. He’s got until 2023 to choose a lucky lady but if you can’t wait that long to find out who it is, don’t worry, they are making a documentary. Your move, 'The Bachelor.' ☑️ Saudi party. Just when you thought Saudi Aramco’s record-setting IPO couldn’t go any higher, the state-owned oil company announced that it is exercising it’s greenshoe option to release 450M more shares. Is that a lot? You be the judge… With the new shares, the total value of the IPO will reach $29.4B. The greenshoe option allows companies to offer additional shares when demand is through the roof. The existing shares are trading at 34 riyals, giving the oil giant a $1.87T valuation. ☑️ Wire-less. Payments processing company Wirecard’s Executive Chairman, Wulf Matthias is stepping down. The German company faces scrutiny over its accounting practices. Wirecard has been one of Europe’s fastest-growing fintech companies, but short-sellers have accused the company of shady practices, especially in its Asian business. Matthias, who is 75, has resisted any type of audit (which is exactly what someone who has something to hide would do). Company officials say that letting him go will help “organize for a change of generation." I love the smell of age discrimination cases in the morning. EMAIL}/redirect (Advertisement) *‘Taps’ plays in the background as Six Flags CEO Michael Spanos lowers all six flags to half-mast* No, a Ferris wheel didn’t maim a gaggle of grade school kids a la RollerCoaster Tycoon... Even worse… Six Flags stock plummeted more quickly than the Kingda Ka on Friday when news broke that the theme park’s efforts to expand in China have hit a roadblock which could lead to the cancelation of all projects in the nation. Its Chinese development partner, Riverside Investment, has struggled due to the declining real estate market in China and the macroeconomic environment *cough trade war cough*, which has caused it to default on payments to Six Flags. If SIX cannot convince Riverside to get its sh*t together or find another development partner to continue these efforts, the amusement park company stands to lose a boatload of expected revenue from the Chinese market. EMAIL}/redirect (Advertisement) No help stateside Red, white and blue-blooded Americans haven’t helped much either. Attendance stateside fell due to lower season pass and membership sales during the holiday season, which reduced Q4 revenue by $8M to $10M compared to the year-earlier period. But look at the bright side, Six Flags, it could be worse... you could be SeaWorld... The bottom line… SIX stock hit its lowest intraday level since October 2014, dropping 19% to $35.28, before closing down 17.82% on the day. According to a Janney Montgomery Scott analyst, who cut his recommendation from buy to neutral, the China and North American warnings are clear indicators that the core business continues to deteriorate and the dividend could be at risk. Woof. 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