16 Bankof America 2 Merrill Lynch HOUSE_OVERSIGHT_014435 --- PAGE BREAK --- Chart 3: EM debt and equity have been hit Chart 4: While Banks versus Staples has gone ballistic 950 r 40 0.43 ——MSCI EM _ 900 SSW eG TRS EN LSI SEE ERG ; , ———S&P 500 Banks relative to Food & Bev 0.39 (RHS) 850 0.37 0.35 800 0

relative price vs 52wk average (SD) Source: Re BofA Merrill Lynch Global Research, Bloomberg place this text Chart 6: Rapid relative de-rating for Staples — relative PE for Food & Beverage still 6-10% above 2010 / 2014 levels 1.70 1.60 1.50 1.40 1.30 1.20 =———PE-relative FOOD & BEV 110 eee German

own Square Las Vegas contains a world-class 902,000 square-foot regional lifestyle center anchored by Apple, AMC Cinemas, Whole Foods, H&M, Old Navy, Staples, Guitar Center and a recently opened Saks Off Fifth Avenue. Fashion Show Mall, a +1.9 million square-foot regional mall, is located at the northwest

ctor Est. cash Overseas cash Effective tax Net % imported vs Sector overseas ($bn) = % mkt cap rate LTM exported COGS Discretionary 15 2.9% 28% -14% Staples 68 3.2% 29% -13% Energy 39 26% 21% -3% Health Care 187 10% 23% A% Industrials 127 6.0% 26% 1% Technology 647 14.9% 20% -9% Materials 24 40% 23% 3% Te

SPX puts conditioned on higher rates Participate in the continuation of the reflation trade. Cheapen Financials upside by selling rich Utilities and Staples vol & expensive correl. Higher US rates and stronger dollar are likely to hurt companies exposed to EM and help US DM. Trade the outperformance in a

ons Tactical (6 months) e¢ We have adopted a neutral allocation between defensive and cyclical sectors. e Among defensives, we still like Consumer Staples, while IT is a preferred cyclical sectors. We also like Energy. e We are cautious on Materials, where we expect margin pressure to continue, as well

TO WATCH The FTC's tactics to try to prevent the Staples (SPLS)-Office Depot (ODP) merger have come under

the interview. Due to the exigent travel requirements and with the situation occurring over the weekend, a replacement cartridge was purchased from Staples. SA purchased one (1) Hewlett Packard Model O6000A black toner cartridge for use in the UNET unclassified printer on March 13, 2011. Reimbursement

the interview. Due to the exigent travel requirements and with the situation occurring over the weekend, a replacement cartridge was purchased from Staples. SA purchased one (1) Hewlett Packard Model Q6000A black toner cartridge for use in the UNET unclassified printer on March 13, 2011. Reimbursement

all the back up I have as well over the course of the billing period. We renewed Darren's NYS Bar license for the $275. I am asking Darren about the Staples charge for $98.14 bought in his town of Livingston... :) On Dec 5, 2011, at 2:43 PM, Richard Kahn wrote: Please review and supply backup Thank yo

W**WWW**WWW**WWW************WWW**WWW**WWW************WWW**WWW********* ** On Dec 7, 2011, at 3:50 PM, Lesley Groff wrote: > There is a charge from Staples in Livingston for 696.14...did you make this purchase for something for your home office? EFTA00422978

store, a foot-traffic magnet on tony Fifth Avenue in Manhattan, the latest step in a massive cost-cutting effort. Big-box office supplies stalwart Staples is reportedly considering putting itself up for sale. The shakeout among retailers has been building for years and is now arriving in full force. Th

: Lesley Groff <a To: Rich 'Cahn Subject: Please Call Staples as Jeffrey re 3 orders Date: Wed, 27 Sep 2017 13:35:42 +0000 Hi Rich...a woman from Staples called to discuss something about the 3 orders Jeffrey Epstein placed and she can only discuss the orders with the card holder... She asks Jeffrey

tt e Su um n° visaw&beaco A backpack worthy of praise DELKAY BEACH — Kailyn Graham, 4, is proud of the new pink backpack she received at the Staples store through Variety In- ternational Processing, Inc., a drug-testing company that wanted to give back to the community. About 300 backpacks were d

ms your business needs for the tax season, from software programs to filing folders. Get organized and take advantage of your ongoing 2% savings at Staples when you use your Business Card. that was easr Payment must be made with an American Express* Business Card. Offer only available al Staples' ret

IIAN N 1 x E G 0 L lic 1O • T ICATE COPY N'n m e 7,1 tie tin it:] 0 ;1 R AR P i } Celebrate with Savings! During the month of May 2004, Staples is celebrating its 18th anniversary with savings on everything from pens and PDAs to document storage and digital cameras. Redeem Membership Rewar

the interview. Due to the exigent travel requirements and with the situation occurring over the weekend, a replacement cartridge was purchased from Staples. SA purchased one (1) Hewlett Packard Model Q6000A black toner cartridge for use in the UNET unclassified printer on March 13, 2011. Reimbursement