Overnight Briefing & General Reality Check - Jul 31, 2018

Does anybody use a watch anymore now that they have the time on their smartphones? That may be why some watch manufacturers are going upscale with their products --for instance, Fossil is putting out a BMW-branded smartwatch beginning next year. You'll be able to pick up the watches from BMW retail locations as well as at Fossil's usual locations --malls and department stores. Already Porsche, Ferrari, Aston Martin and Audi have branded watches --although not all of them are "smartwatches."
Talkable (of course): Do you still wear a watch... and why? Or is it just for old folks?

CBS stock dropped another five-percent yesterday, after taking that six percent drop on Friday. That LES MOONVES scandal.
If you haven't been following the story, RONAN FARROW's article in the latest New Yorker magazine had six women claiming that Moonves sexually assaulted them.
The stock has now dropped more than $1.5 billion in value since Friday. And of course, there's still the result of whatever happens in the pending lawsuit against controlling shareholder SHARI REDSTONE.

And, as we mentioned earlier, today (Tuesday) is National Avocado Day... and you can get free guacamole at Chipotle restaurants today... simply log in or create an account in the Chipotle mobile app or at chipotle.com. Then, after you select an entrée, you can choose to add guac as an add-on, a side item or as a regular order of chips and guac. It all has to be done before you checkout, and you must also enter the coupon code AVOCADO.