Bloomberg:
- Boris Johnson Pressured on Fresh Lockdown as Virus at ‘Critical Stage’.
- Germany, France Impose Strict Monthlong Curbs to Rein in Virus.
- Samsung Warns of Weaker Outlook Even as Profit Beats.
- Stock Losses Spread to Asia; Dollar Holds Gain: Markets Wrap. Asian stocks opened lower after shares tumbled in the U.S. and Europe, as rising coronavirus infections and tougher lockdowns added to worries about the economic hit from the pandemic. Losses were more modest across Asia than in the U.S. session overnight. S&P 500 contracts ticked higher. The benchmark lost 3.5% for its biggest drop since June, while a gauge of U.S. equity volatility surged. The dollar held its overnight advance and Treasuries were little changed, keeping 10-year yields around 0.78%. Oil edged up after tumbling more than 5% on concern rising infections will sap demand. In China, nearly 1,000 firms are due to release third-quarter earnings on Thursday, with traders looking to see if the results confirm the nation’s accelerating recovery. The yen was steady ahead of a Bank of Japan meeting that’s expected to leave the key interest rate and asset purchases unchanged. S&P 500 Index futures added 0.6% as of 9:05 a.m. in Tokyo. The gauge dropped 3.5% on Wednesday. Japan’s Topix index fell 0.9%. South Korea’s Kospi index was down 1.2%. Australia’s S&P/ASX 200 Index retreated 1.7%.
- China Plan Into 2030s, WTO Chaos, ECB Stimulus Surprise: Eco Day.
- New York Cases Top 500,000; New Jersey Hospitalizations Break 1,000.
- Regeneron Covid-19 Therapy Reduces Viral Load, Need for Care.
- U.S. Black-Owned Firms Make Surprise Comeback to Pre-Covid Level.
- Las Vegas Vehicle Traffic Rises for First Time Since Pandemic.
Wall Street Journal:
- The Bidens and Tony Bobulinski. Joe Biden is asking voters to elect him on the strength of his character, honesty and judgment. Which is why Mr. Biden owes a response to new allegations about his son Hunter’s business deals.
- Twitter’s Censorship Method.
- Vote for Joe Biden? Seriously?
- Masks Are a Distraction From the Pandemic Reality.
- States Face Biggest Cash Crisis Since the Great Depression.
- Russian in Cyprus Was Behind Key Parts of Discredited Dossier on Trump.
- AMD, Nvidia Chip Away at Intel’s Semiconductor Dominance.
Fox News:
- Reporters fail to question Biden about Bobulinski’s claims in rare Q & A.
- Twitter boss defends censorship of Biden scandal in heated hearing.
- Trump: Philadelphia police shooting a 'terrible event,' rioting comes from group Joe Biden 'supports'.
- What the protests, riots in Philadelphia could mean for presidential election.
- Philadelphia DA warns Trump 'I've got something for you' after president's call for poll watchers in his city.
- Citywide curfew imposed in fear of 3rd night of violence.
CNBC.com:
- UPS CEO on holiday peak season: ‘We’ve been planning for this for months’.
- Jim Cramer reveals five ‘Covid-proof bull markets’ to find stock opportunities.
- Ford blows away earnings expectations as consumers buy up trucks during pandemic.
- Stocks making the biggest moves after hours: Pinterest, Ford, eBay & more.
- Girl Scouts deletes social media congratulations to Barrett on Supreme Court seat after angry backlash.
- Donald Trump will win re-election and a revolution is coming, billionaire investor predicts.
- Fast start for coronavirus drug boosts Gilead earnings, but stock sinks on forecast.
- Pinterest’s pandemic surge continues, stock jumps more than 20% toward fresh record highs.
- GrubHub orders keep piling up — but so do its losses.
- Etsy blows past expectations with mask sales and more.
- EBay gives upbeat earnings outlook, but stock dips in late trading.
NY Post:
Zero Hedge:
- A 20-Year-Old Book Suggests China Is Already Quietly At War With The US.
- Dorsey Admits To Mob-Driven Censorship On Twitter During Heated Section 230 Hearing.
- Fighter Jet Intercepts "Non-Responsive" Plane Near Trump Rally.
- "Who Is Miles Taylor?" - Trump Assails White House Mole: "They Should Fire, Shame & Punish Everybody Associated With This Fraud".
- How Long Will It Take To Count All The Votes?
- NSA Dodges Questions About Controversial "Backdoors" In Tech Products.
- A Biden Family Special Prosecutor In 2021?
- NBA Braces For Record 40% Drop In Revenue In 2020-2021 Season.
- "A Lot Of Hoarding" - Americans Race To Supermarkets As Second Wave Arrives.
- NY Gov. Cuomo Reaped $6.2 Million In Campaign Cash From 347 State Vendors Who Pocketed $7 Billion Since 2014.
- Wall Street Banks, And Their Employees, Now Officially Lean Democrat.
- France Joins Germany In Reviving Nationwide Lockdown As COVID-19 Cases Soar Across Europe: Live Updates.
- Lockdown Loquaciousness Launches Licentious Liquidations.
The Epoch Times:
Digital Blackboard:
Worldometer:
Rt Covid-19:
KFF:
Worldometer:
Rt Covid-19:
KFF:
Night Trading
Morning Preview Links
Earnings of Note
Company/Estimate
- Asian equity indices are -1.75% to -.1.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 69.0 +1.75 basis points.
- China Sovereign CDS 39.25 +1.5 basis points.
- Bloomberg Emerging Markets Currency Index 58.83 +.01%.
- Bloomberg Global Risk-On/Risk Off Index -646.0 +15.0 points.
- Volatility Index(VIX) futures 34.70 -3.61%
- FTSE 100 futures n/a.
- S&P 500 futures +.79%.
- NASDAQ 100 futures +.69%.
Earnings of Note
Company/Estimate
Before the Open:
- (ALXN)/2.59
- (ADS)/2.27
- (AMT)/2.01
- (BUD)/.77
- (APTV)/.82
- (BAX)/.72
- (BWA)/.79
- (BC)/1.32
- (CCL)/-1.90
- (CMCSA)/.51
- (COP)/-.31
- (DNKN)/.80
- (DD)/.75
- (FSS)/.38
- (FCN)/1.36
- (GPI)/6.55
- (ICE)/.98
- (IP)/.49
- (K)/.86
- (KHC)/.62
- (MDC)/1.22
- (MRNA)/-.37
- (TAP)/1.03
- (NEM)/.83
- (OSK)/-.31
- (OSTK)/-.31
- (PENN)/.44
- (PWR)/1.09
- (RL)/.87
- (RCL)/-4.95
- (SHOP)/.50
- (TROW)/2.44
- (TPR)/.22
- (YUM)/.79
After the Close:
- (ATVI)/.65
- (GOOG)/11.17
- (AMZN)/7.36
- (AAPL)/.70
- (CAR)/.25
- (CVNA)/-.29
- (CAKE)/-.38
- (DECK)/2.68
- (LOCO)/.22
- (ETH)/.35
- (FB)/1.91
- (FTNT)/.78
- (ILMN)/.80
- (MGM)/-1.02
- (MHK)/2.14
- (PSMT)/.60
- (QDEL)/4.70
- (SHAK)/-.21
- (SKYW)/-.19
- (SBUX)/.31
- (TRUP)/.01
- (TWTR)/.05
- (X)/-1.40
- (OLED)/.49
- (VRTX)/2.32
- (AUY)/.08
- (ZEN)/.11
Economic Releases
8:30 am EST
- Initial Jobless Claims for last week are estimated to fall to 770K versus 787K the prior week.
- Continuing Claims are estimated to fall to 7775K versus 8373K prior.
- 3Q GDP is estimated to rise +32.0% versus a -31.4% decline in 2Q.
- 3Q Personal Consumption is estimated to rise +38.9% versus a -33.2% decline in 2Q.
- 3Q GDP Price Index is estimated to rise +2.9% versus a -1.8% decline in 2Q.
- 3Q Core PCE QoQ is estimated to rise +4.0% versus a -.8% decline in 2Q.
10:00 am EST
- Pending Home Sales MoM for Sept. is estimated to rise +3.0% versus a +8.8% gain in Aug.
Upcoming Splits
- None of note
Other Potential Market Movers
Normal:
- The ECB decision/press conference, German Unemployment report, 7Y T-Note auction, weekly Bloomberg Consumer Comfort Index, weekly EIA natural gas inventory report, (VEEV) investor day and the (SCHW) fall business update could also impact trading today.
Normal:
- 9:30 am - 4:00 pm EST
1 comment:
Hope all is well, see you soon.
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