Written by Gary
US Stock markets set to open down as Amazon earnings disappoint (SPY -0.2%). Goodyear Tire stock slides premarket as earnings miss estimates.
Here is the current market situation from CNN Money | |
European markets are mixed. The CAC 40 is higher by 0.15%, while the FTSE 100 is leading the DAX lower. They are down 0.58% and 0.16% respectively. |
What Is Moving the Markets
Here are the headlines moving the markets. | |
How SoftBank made WeWork an offer it had to acceptBy Mike Spector, Joshua Franklin, Greg Roumeliotis, and Anirban Sen | |
Airless tire makers hope for breakout moment with autonomous drivingMakers of airless tires such as Japan’s Bridgestone Corp. hope driverless cars will herald a breakthrough for their niche technology, which is more than a decade old but underperforms standard tires in every way except resistance to puncture. | |
Future delivery: Japanese trucks designed with no cabin and interchangeable cargo holdsIn Japan, trucks are being designed for a driverless future with no cabin and interchangeable container areas that would allow vehicles to be highly customized for parcel delivery or even serve as mini-hotels or beauty salons. | |
JLR parent posts smaller loss as China demand picks upJaguar Land Rover owner Tata Motors posted a smaller-than-expected loss in the second quarter on Friday as a pick up in sales of its luxury car in China helped it ride out weak vehicles sales in India, its home market. | |
H&M opens new-look small boutique in Berlin, plans moreH&M opened a boutique-like store in a trendy neighbourhood in Berlin on Friday that offers yoga classes, a cafe with a garden and space for other brands as the Swedish budget chain seeks a new look to revive flagging sales. | |
Indonesia report on 737 MAX crash faults Boeing design, says Lion Air made mistakesBoeing, acting without adequate oversight from U.S. regulators, failed to grasp risks in the design of cockpit software on its 737 MAX airliner, sowing the seeds for a Lion Air crash that also involved errors by airline workers and crew, Indonesian investigators found. | |
S&P, Nasdaq futures inch up as Intel results ease trade worriesS&P 500 and Nasdaq futures edged higher on Friday as robust earnings from Intel helped ease worries about the impact of an ongoing trade war on chipmakers, but underwhelming results from Amazon.com hit sentiment. | |
Boeing says it is addressing Indonesia’s safety guidance on Lion Air crashBoeing Co said on Friday it is addressing Indonesia’s safety recommendations following calls for better cockpit systems and oversight by U.S. regulators, and after the country blamed design flaws for a deadly Lion Air 737 MAX jet crash. | |
Verizon beats estimates as it adds more postpaid usersVerizon Communications Inc beat Wall Street estimates for third-quarter profit and revenue on Friday, as it signed up more phone customers who pay a monthly bill. | |
Central Bank Hints At A “Big Reset” And Reveals A Possible SolutionCentral Bank Hints At A “Big Reset” And Reveals A Possible Solution Via Birch Gold Group, It’s not every day you hear a major financial institution hint at the possibility of the entire economic system collapsing. | |
Beijing Slams “Slandering, Arrogant” Pence Speech: “Look In The Mirror” And “Get Your Racist House In Order”Beijing Slams “Slandering, Arrogant” Pence Speech: “Look In The Mirror” And “Get Your Racist House In Order” Vice President Mike Pence was called on once again to play the ‘bad cop’ in Washington’s negotiations with China yesterday when he delivered an aggressive speech blasting Beijing’s record on human rights. As noted yesterday, in a twice-delayed hawkish speech, Pence defended the pro-democracy protesters in Hong Kong, while slamming both Nike and the NBA for kowtowing to Beijing. | |
Futures Tread Water After “Super Thursday’s” Amazon Collapse As Traders Hunt For Clues What’s NextFutures Tread Water After “Super Thursday’s” Amazon Collapse As Traders Hunt For Clues What’s Next One day after “Super Thursday’s” barrage of central bank announcements and avalanche of corporate reports on the busiest day of Q3 earnings season, US equity futures… | |
The DOJ’s Russiagate Probe Just Turned Into A Criminal InvestigationThe DOJ’s Russiagate Probe Just Turned Into A Criminal Investigation What began as an administrative review by the Justice Department into the origins of Russiagate has “shifted” to a criminal inquiry, according to the New York Times, citing two people familiar with the matter. The move will allow prosecutor John H Durham the power to subpoena documents and witnesses, to impanel a grand jury, and to file criminal charges. Durham’s progress has been closely monitored by Attorney General William Barr, who appointed the veteran investigator in May, tasking him with looking into FBI and CIA intelligence gathering operations surrounding the 2016 US election. | |
What’s on India’s wish list for Sitharaman? This survey tellsWhat’s on India’s wish list for Sitharaman? This survey tellsAn ET Online survey has found out what people want next after last month’s corporate tax cut. | |
India’s export of fuel it needs most is risingIndia’s export of fuel it needs most is risingIndian diesel consumption fell for four straight months to 5.8 mn tons in Sept from 7.8 mn tons in May. | |
SBI’s Q2 profit sees a three-fold jumpSBI’s Q2 profit sees a three-fold jumpThe asset quality improved with gross NPA ratio coming in at 7.19 per cent, down 276 bps YoY. | |
Rail Week Ending 19 October 2019 Intuitive Sectors Continue To WorsenWritten by Steven Hansen Week 42 of 2019 shows same week total rail traffic (from same week one year ago) contracted according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors rolling averages remain in contraction – and declined further. | |
Bond Report: Treasury yields hold steady as investors look forward to Fed meetingTreasury yields are little changed on Friday as a lack of fresh developments on Brexit and U.S-China trade drew investors’ attention to next week’s Federal Reserve meeting, where another quarter-point rate cut is expected. | |
Deep Dive: These stocks have the highest dividend yields in the hot real-estate sectorNegative yields abroad keep the money flowing into U.S. stocks, especially those with attractive dividends. | |
Europe Markets: European stocks edge back from a 19-month peakEuropean stocks edged lower on Friday, in the first opportunity for Continental stocks to react to Vice President Mike Pence’s critical comments toward China, as earnings season continued to generally favorable investor reaction. |
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