Tomorrow's Earnings/Economic Releases of Note; Market Movers

Earnings of Note 
Company/Estimate 

Before the Open:

• (CHWY)/.12
• (PLAB)/.45
• (REVG)/.78 

After the Close: 

• (ADBE)/5.40
• (NNE)/-.50
• (NDSN)/2.93
• (ORCL)/1.64
• (OXM)/-.95
• (PL)/-.03
• (SNPS)/2.78
• (MTN)/-5.22 

Economic Release 

8:30 am EST

• The Employment Cost Index for 3Q is estimated to rise +.9% versus a +.9% gain in 2Q.

10:30 am EST

• Bloomberg consensus estimates call weekly crude oil inventory decline of -2,155,830 barrels versus a +574,000 barrel gain the prior week. Gasoline supplies are estimated to rise by +2,069,000  barrels versus a +4,518,000 barrel gain the prior week. Distillate inventories are estimated to rise by +1,421,330 barrels versus a +2,059,000 barrel gain the prior week. Finally, Refinery Utilization is estimated to rise by +.17% versus a +1.8% gain prior. 

2:00 pm EST

• The FOMC is expected to cut the benchmark Fed Funds rate by -25.0 basis points to 3.5-3.75%.
• The Federal Budget Deficit is estimated at -$195.0B versus -$366.8B in Oct. 

Upcoming Splits

• None of note

Other Potential Market Movers

• The FOMC presser, weekly MBA Mortgage Applications report, Thomson Reuters IPSOS PCSI for Dec., Goldman Sachs Financial Services Conference, Barclays Tech Conference, San Antonio Breast Cancer Symposium, Keybanc Consumer Conference, (CGNX) investor meeting and the (UNFI) investor day could also impact global trading tomorrow.

US Equity Market Hours

• 9:30 am - 4:00 pm EST