01Nov2019 Pre-Market Commentary: DOW Futures Extend Gains After Surprise October Jobs Report, DOW Up 109 Points, Gold Falls Sharply

Here is the current market situation from CNN Money

European markets are higher today with shares in France leading the region. The CAC 40 is up 0.64% while Germany’s DAX is up 0.63% and London’s FTSE 100 is up 0.49%.

U.S. October job growth slows less than expected

U.S. job growth slowed less than expected in October as the drag from a strike at General Motors was offset by gains elsewhere, while hiring in the prior two months was stronger than previously estimated, offering assurance that consumers would continue to prop up the slowing economy for a while.

Oil rises on hopes for U.S.-China trade deal

Oil prices rose on Friday on signs of progress in U.S.-China trade talks and a surprise bounce in Chinese manufacturing activity.

Exclusive: Government officials around the globe targeted for hacking through WhatsApp – sources

Senior government officials in multiple U.S.-allied countries were targeted earlier this year with hacking software that used Facebook Inc’s WhatsApp to take over users’ phones, according to people familiar with the messaging company’s investigation.

Phase one trade deal with China is in good shape: U.S. Commerce Secretary

The initial “phase one” trade pact with China appears to be in good shape and is likely to be signed around mid-November, although a finite date is still in question, U.S. Commerce Secretary Wilbur Ross said on Friday.

Exxon Mobil profit halves on weak oil prices, chemicals margins

Exxon Mobil Corp’s third-quarter profit nearly halved, hit by lower oil prices and weaker margins in refining and chemicals, with its three major business reporting lower year-over-year profit.

AbbVie lifts 2019 profit forecast as Humira helps beat revenue estimates

AbbVie Inc posted quarterly sales above estimates on Friday and raised the lower end of its 2019 profit forecast, helped by strong demand for cancer medicine Imbruvica and a lower-than-expected drop in bestseller Humira’s revenue.

Analysts slam Shell over buyback delay warning

Analysts on Friday slammed Royal Dutch Shell’s warning of possible delays to its $25 billion share buyback as an unnecessary step that undermines the energy giant’s management.

Nissan picks American as finance chief as new generation takes helm

Nissan Motor Co on Friday named American Stephen Ma as its next finance chief and said some veteran executives were stepping down, putting a new generation in charge of a company battling to recover from plunging profits and management scandal.

India orders IndiGo to replace all Pratt engines on Airbus A320neo planes

IndiGo must replace all Pratt & Whitney (P&W) engines on its fleet of 97 twin-engined Airbus A320neo family aircraft with new P&W power units, India’s air safety watchdog said on Friday following recent inflight engine shutdowns.

Huge October Payrolls Beat: 128K Jobs Added As Black Unemployment Rate Hits All Time Low

Huge October Payrolls Beat: 128K Jobs Added As Black Unemployment Rate Hits All Time Low

With Wall Street expecting the first double-digit payrolls report since May, largely as a result of over 40K GM jobs not accounted for due to the strike, and with some whispers even hinting at a negative print, moments ago the BLS surprised once again, reporting that in October, the US added 128K jobs, a huge beat to the 85K expected, with the September payrolls report revised sharply higher to 180K from 136K.

28,000 American Flight Attendants Refuse To Work On Boeing 737 Max Planes

28,000 American Flight Attendants Refuse To Work On Boeing 737 Max Planes

The Boeing 737 Max crisis continues to get more serious.Â

Tens of thousands of American Airlines’ flight attendants fear for their safety and will not work on Boeing 737 Max planes if they return to the air in 2020, the Association of Professional Flight Attendants (APFA) union’s president wrote in a letter to Boeing’s CEO this week, reported Reuters.Â

“The 28,000 flight attendants working for American Airlines refuse to walk onto a plane that may not be safe and are calling for the highest possible safety standards to avoid another tragedy,” APFA President Lori Bassani said in the letter (seen by Reuters).Â

Reuters noted the letter was dated Oct. 30, which followed several days of Boeing CEO Dennis Muilenburg being grilled by lawmakers in Washington after two Max crashes killed 346 people and led to a worldwide grounding of the plane in March.Â

“Thank God For The Deep State”: Intel Traitors Admit They Want To “Take Out” Trump

“Thank God For The Deep State”: Intel Traitors Admit They Want To “Take Out” Trump

Authored by Steve Watson via Summit News,

“These are people who are doing their duty or responding to a higher call.

Futures Rebound On Fake Chinese Data As Payrolls Loom

Futures Rebound On Fake Chinese Data As Payrolls Loom

US stock index futures gained on Friday alongside European and Asian markets, after a surprise rise in China’s “other” manufacturing activity survey boosted sentiment, offsetting fading trade deal optimism, as investors awaited a crucial U.S. jobs report.

YES Bank reports Rs 600 cr Q2 loss on tax hit, rise in NPAs

YES Bank reports Rs 600 cr Q2 loss on tax hit, rise in NPAsThe lender had posted Rs 964.70 crore profit in the corresponding quarter last year.

IndiGo told to replace all old engines by Jan

IndiGo told to replace all old engines by JanThis order for IndiGo is a follow-up of an earlier DGCA order to change engines in 16 airplanes.

GST collection at Rs 95,380 crore in October

GST collection at Rs 95,380 crore in OctoberThis is the third consecutive month when GST mop-up remained below the Rs 1 lakh crore mark.

Economic Report: U.S. adds 128,000 new jobs in October in stronger-than-expected employment report

The economy created a better-than-expected 128,000 new jobs in October despite a six-week GM strike and decline in temporary Census workers that held down overall hiring gains.

Outside the Box: Here’s how to tell if the S&P 500’s move into record territory can last

The stock market’s trendline resistance is around 3,055

Need to Know: Here’s why Goldman thinks Facebook and Google are under threat

Earnings continue to take center stage on Friday, ably supported by the twists and turns of the U.S.-China trade war.