Bloomberg:
- Russia Cements Top Spot in Crude Sales to China as Saudis Recede. The Asian nation’s imports of Russian crude jumped 61 percent to a record 6.35 million metric tons in September from a year earlier, according to General Administration of Customs data. That helped Russia retain the top spot for the seventh straight month. Saudi Arabia, the world’s biggest crude exporter, supplied about 10 percent more at 4.28 million tons, while retreating to the third-biggest. Angola was the No. 2 seller.
- Caterpillar(CAT) Is the Latest Sign the World's Economy Hasn't Looked This Good in Years. (video)
- Your Evening Briefing.
- Amazon(AMZN) Launches ‘Business Prime’ to Bring Quick Delivery to Work. (video)
- Einhorn Questions Whether His Strategy Even Works Anymore. Hedge fund manager David Einhorn is wondering if value investing -- the strategy he’s famous for following -- remains viable. In a letter to investors Tuesday, Einhorn expressed frustration that growth stocks have outperformed value stocks -- and questioned whether investors are being clear-eyed when considering equity values.
Wall Street Journal:
- China Boosts Powers of Xi Jinping as Equal to Mao. Leader’s ideology—and sway over policy—is enshrined in Communist Party charter.
MarketWatch.com:
CNBC:
- Home equity loans set to soar along with home prices. (video)
- Billionaire investor Cooperman sees 8 cheap stocks including Amazon(AMZN) and Wells Fargo(WFC).
- House Republicans aim to unveil tax bill on Nov. 1, source says. (video)
- Dow surges 190 points, hits record high after Caterpillar and 3M beat the Street. (video)
- Goldman(GS) says market not 'fully appreciating' what's sending copper higher, as it ups forecast.
- Leon Cooperman says market is fine, conditions for a big decline 'aren't present'. (video)
- McDonald's(MCD) plans delivery from 5,000 US restaurants by the end of 2017.
- Hedge-fund billionaire Cooperman fears US will move 'to the left' if Trump and GOP fail.
Zero Hedge:
- "Incompetent, Clueless" Corker Slams "Utterly Untruthful President" Trump Ahead Of Party-Unity Meeting.
- House Launches Probe Into Comey's Handling Of Clinton Email Investigation.
- Professor Claims Math, Algebra, And Geometry Promote "White Privilege".
- Overstock(OSTK) Shares Pop As Company Sets Date For ICO.
- UBS Slams "#FakeEconomics" As PMI Surveys Suggest Economy At 9-Month Highs. (graph)
- Trump To Annouce Tougher Caps, Vetting Rules For Refugees.
- How A Quant Hedge Fund Surpassed Renaissance And DE Shaw To Become A $50 Billion Behemoth. (graph)
- 10Y Treasury Yields Just Did Something Every Bond Bear Was Waiting For. (graph)
- Caterpillar(CAT) Soars 7% To All Time High After Smashing Earnings, Boosting Guidance.
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