Joseph G. Witthohn, CFA
VP of Product Development Emerald Asset Management

Good morning.

The turmoil in Hong Kong continues to worry investors, as protesters shut down the airport for the second straight day. But China has, so far, not intervened to any large extent … which some see as a good thing … feeling that such a move might only fan the flames.

China, of course, has a lot on its plate at the moment. The trade war with the United States is viewed to be hurting their economy … but it seems the claim that they are the ones paying for the tariffs might only have a partial ring of truth. According to Nielsen, prices of goods at the retail level in the U.S. are rising and Gordon Haskett Research Advisors reports that a basket of goods (put together so a comparison of similar items can be made) at both Target and Wal-Mart is up quite a bit over the past year. Yes, it appears the American consumer is sharing in price increases attributed to this trade skirmish. Great! Just in time for the start of back-to-school shopping!

There are some positive things though … so the news is not all bad.

First of all … on a serious and important front … Statista is reporting that the drug overdose rate in the U.S. has fallen for the first time in 20 years! It is still out of control … almost double of what it was 10 years ago … but a reduction in this “epidemic” is a welcome sign indeed.

Some will also be quite excited with our news (stories below) from both Hooters and Olive Garden … and understandably so!

Hooters is offering … through September 9th … unlimited wings! That’s right … for less than $16 you can have your own “wing bowl” at their restaurant … devouring as many of these tasty creatures as you can stand (which you might not be able to do afterwards). But as a dietary warning, of course … remember to keep your hands off of the buns.

But that is not the only gluttonous tale to tell this morning.

Olive Garden is not only bringing back it’s unlimited-for-two-month pasta promotion, but they are expanding it so a few lucky people can have unlimited pasta … forever.

That’s right … plate upon plate of unlimited pasta for the rest of your life.

… however short that might end up being.

Have a great day,

Joseph G. Witthohn, CFA
Vice President
Emerald Asset Management PA, LLC
610 Freedom Business Center Drive
King of Prussia, PA 19406
Direct: (610) 285-9905
wit@teamemerald.com

… as of 8:04 AM today …

Quick Look at the News

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