BY THE NUMBERS

U.S. inventory futures had been not pointing strongly in both path forward of the Wednesday open, however that would change as some key earnings experiences are launched earlier than the opening bell. Shares are coming off Monday’s features, which noticed the S&P 500 submit its first shut over 3,000 since Sept. 19, and the Nasdaq shut at its highest since that date.

* Long-term negative rates have ‘adverse consequences’ we don’t fully understand, says Jamie Dimon (CNBC)

The Dow is lagging the opposite averages, due nearly solely to a slide in Boeing (BA) shares. The inventory has dropped greater than 11% previously three classes, shaving about 280 factors off the Dow over that point. The Dow, S&P 500, and Nasdaq have alternated between features and losses for the previous seven classes. (CNBC)

Right this moment brings a busy day for corporate earnings. Dow parts McDonald’s (MCD), United Applied sciences (UTX), Vacationers (TRV) and Procter & Gamble (PG) are out with quarterly earnings this morning, together with Biogen (BIIB), Harley-Davidson (HOG), Hasbro (HAS), Kimberly-Clark (KMB), Lockheed Martin (LMT), PulteGroup (PHM), Quest Diagnostics (DGX), Areas Monetary (RF), Sherwin-Williams (SHW), UPS (UPS), and Fifth Third (FITB).

After-the-bell earnings experiences immediately embrace Chipotle Mexican Grill (CMG), Discovery Monetary (DFS), Texas Devices (TXN) and Whirlpool (WHR). On immediately’s economic calendar, the Nationwide Affiliation of Realtors points its September report on current house gross sales at 10 a.m. ET. (CNBC)

IN THE NEWS TODAY

China and the U.S. have achieved some progress in their trade talks, Vice International Minister Le Yucheng mentioned immediately, and any drawback may very well be resolved with mutual respect. The 2 nations have been working to resolve their commerce dispute, with the U.S. asserting a “section 1” cope with China on commerce issues and suspending a scheduled tariff hike for October. (Reuters)

* US entity list ‘cannot hurt’ Chinese tech development, Beijing says (CNBC)

U.S. lawmakers conducting an impeachment inquiry into President Donald Trump will hear immediately from the top U.S. official in Ukraine, who as soon as mentioned it was “loopy” to withhold army help for the nation for home political causes. William Taylor, a former Military officer, would be the newest in a sequence of officers to fulfill behind closed doorways with Home representatives. (Reuters)

U.Okay. Prime Minister Boris Johnson is hoping to obtain sufficient backing from lawmakers in two key Brexit votes immediately. Johnson has seen his plans scuppered on two totally different events over the previous couple of days, however now faces a vote on his Withdrawal Settlement Invoice after which on whether or not he is capable of rush it by means of Parliament earlier than the Oct. 31 deadline. (CNBC)

Prime Minister Justin Trudeau’s ruling Liberals gained a second time period in Canada’s nationwide elections, however misplaced the bulk. A minority authorities within the 338-seat Home of Commons would go away Trudeau in a weakened place and needing the help of left-leaning opposition events to push by means of key items of laws. (Reuters)

The Turkish president will meet together with his Russian counterpart immediately to debate dividing influence in Syria as a five-day Turkish cease-fire halts hostilities as U.S. troops pull out of the world. The Turkish president has mentioned he would search Russia’s help to create a secure zone in Syria that is freed from the fighters that Ankara views as a menace. (WSJ)

WeWork is near accepting a bailout plan led by SoftBank over a $5 billion syndicated debt bundle rounded up by J.P. Morgan (JPM). Having already misplaced out from WeWork’s scrapped IPO, J.P. Morgan now dangers shedding its position as a serious financier and can gather nothing for months of labor. (CNBC)

British fintech agency Revolut has partnered up with Mastercard (MA) to assist it increase into the U.S. by the tip of the yr. The deal means all of Revolut’s first debit playing cards within the U.S. shall be issued with Mastercard, whereas a minimal of half its European playing cards will carry the funds big’s branding. (CNBC)

The nation’s three greatest drug distributors and a serious drugmaker agreed to an 11th-hour, $260 million settlement yesterday over the toll taken by opioids, averting the primary federal trial over the disaster. The pharmaceutical business nonetheless faces greater than 2,600 different lawsuits over the disaster. Members in these instances mentioned the Ohio deal buys them time to attempt to work out a nationwide settlement of all claims. (AP)

Fb introduced it eliminated 4 networks of “coordinated inauthentic behavior” tied to Russia and Iran from its companies because it launches new options designed to make posts associated to the upcoming 2020 U.S. presidential election extra clear. (CNBC)

STOCKS TO WATCH

TD Ameritrade (AMTD) reported better-than-expected financials yesterday. The corporate did say it expects an earnings decline because it adjusts to shedding income after becoming a member of its rivals in chopping commissions to zero.

Stamps.com (STMP) introduced a partnership with UPS (UPS) that offers low cost delivery charges to customers of the corporate’s postage printing companies.

Boeing (BA) maintained its quarterly dividend at $2.055 cents per share, amid its struggles involving the grounded 737 Max jet. The newest dividend is payable Dec. 6 to shareholders of document as of Nov. 8.

Howard Hughes Corp. (HHC) plans to promote about $2 billion in property following a strategic evaluation. The actual property developer additionally named Paul Layne, who had been president of the corporate’s central area, as its new CEO. The inventory got here below stress after the announcement, with traders having believed the corporate can be offered or go non-public.

Financial institution of America (BAC) was upgraded to “obese” from “impartial” at Atlantic Equities, citing what it calls a powerful third quarter with ongoing deposit development.

Novartis (NVS) posted better-than-expected earnings for its newest quarter, with the Swiss drugmaker additionally elevating its steering amid rising gross sales throughout its pharmaceutical portfolio.

Chevron (CVX) acquired an extension of its Venezuela-related waiver, permitting it and quite a few U.S. oil companies firms to function in that nation for one more three months.

Levi Strauss (LEVI) was rated “outperform” in new protection at Macquarie Analysis, calling the denims and attire maker progressive and praising the diversification of its income base.

WATERCOOLER

The Houston Astros and the Washington Nationals face off immediately at 8:08 p.m. ET within the best-of-seven World Collection. The Astros gained the world sequence simply two years in the past, whereas the Nationals are within the World Collection for the primary time in franchise historical past. (USA Right this moment)



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