US stock future indexes were flat prior to the GDP report (2.9%), the first report in eight quarters where growth topped 2.6% and the SP 500 slowly moved higher, then back to flat. Gold Immediately shot down to 1263, WTI crude slipped to the low 49's and the US dollar volatile.
Here is the current market situation from CNN Money
European markets are mixed. The CAC 40 is higher by 0.42%, while the DAX is leading the FTSE 100 lower. They are down 0.27% and 0.02% respectively.
Thursday's Key Earnings
Altria (NYSE:MO) -0.1% following a narrow beat.
Alphabet (NASDAQ:GOOG) +1.3% AH with Google strength driving profits.
Amazon (AMZN) -6.1% AH as expenses hurt the retailer.
Amgen (NASDAQ:AMGN) -1.4% AH on sluggish revenue.
Baidu (NASDAQ:BIDU) +1.3% AH although posting a grim outlook.
Blackstone (NYSE:BX) -0.2% despite managed assets climbing 8%.
Bristol-Myers (NYSE:BMY) +5.4% hiking its forecasts.
Celgene (NASDAQ:CELG) +6.4% topping expectations.
Colgate-Palmolive (NYSE:CL) -1% on falling volumes.
ConocoPhillips (NYSE:COP) -5.3% raising outlook, cutting capex.
Dow Chemical (NYSE:DOW) +1.5% on its 12th straight quarterly beat.
Enterprise Products (NYSE:EPD) -1.5% after an in-line Q3.
Ford (NYSE:F) -1.2% on profit pressure outside NA.
LinkedIn (NYSE:LNKD) +0.2% AH after topping expectations.
Sirius XM (NASDAQ:SIRI) -3.1% following in-line earnings.
Twitter (NYSE:TWTR) +0.6% beating estimates, restructuring.
UPS (NYSE:UPS) +0.5% booking solid sales.
Looking at the last three columns, the first one (Actual), is what was reported this morning. The second column (Forecast) is what analysts had forecast and the third column is the previous report. Full calendar HERE.
BERLIN (Reuters) - The European Commission fears steps taken by Volkswagen to refit polluting diesel cars may damage the vehicles' engines, the Spiegel magazine reported, citing unidentified staff at the European Union's executive branch.
TOKYO (Reuters) - Toyota Motor Corp on Friday said it has invested in U.S. car-sharing company Getaround, a move that comes as global automakers seek to shore up their presence in new technology sectors amid growing competition from transport startups.
BRUSSELS (Reuters) - Anheuser-Busch InBev , the world's largest brewer, reported one of its weakest quarters in years as margins collapsed in recession-hit Brazil under pressure from lower sales, delayed price increases and currency hedges.
Submitted by Everett Numbers via TheAntiMedia.org,
The Pentagon and Congress are both promising quick fixes to the scandal surrounding excessive National Guard bonus payments to soldiers. However, the nearly 10,000 California Guard soldiers involved may be just the tip of the iceberg.
The U.S. military prompted outrage and Congress' attention over the weekend when news spread that it was demanding thousands of California National Guard service members pay back erroneous or fraudulent bonuses. Those payments were offered when it became difficult to recruit enough soldiers for enlistment or reenlistment during the most active years of the Iraq and Afghanistan wars.
Los Angeles Times first reported Saturday that the California Guard had sent payback notices to almost 10,000 guard members.
On Wednesday, Department of Defense Secretary Ash Carter paused all further repayment requests from the Pentagon.
"While some soldiers knew or should have known they were ineligible for benefits they were claiming, many others did not," Carter said in a ...
Jim Rickards: Trump "Will Probably Win" and Gold "May Rise $100" Overnight
The US election is just two weeks away on November 8th, and one of Hillary Clinton's most vocal critics on the business side is finance commentator and monetary expert Jim Rickards. Jim is in Sydney this week, armed with his latest book, hot off the press entitled 'The Road to Ruin - The Global Elites' Secret Plan for the Next Financial Crisis' and gave an interesting television interview to 'The Business' on ABC Australia.
Rickards says that Trump "will probably win" and, if he, does stock markets will crash 10% and gold will rise $100 over night.
The markets and polls believe Clinton will win and that is priced into markets in the same way that a 'Bremain' was priced into markets prior to the 'Brexit' vote.
... And the easiest way to confirm it, is to look at recent (and not so recent) home listings in Kensington and Chelsea, where we find something stunning: out of 130 pages of adverts, with 15 ads per page, nearly half of all properties, or 53 of the pages show price reductions.
... through Page 53
And it will only get much worse: there are 23 pages worth of property that has been on the market for more than a year.
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