UK urged to conclude trade deal with EU to limit Brexit cost. On eve of UK deadline, trade talks with EU still stalled . Global shares turn higher after Wall Street decline.
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Wednesday, October 14th |
Good Morning Investor confidence was rattled on Tuesday when word of not one but two trials of COVID-19 vaccines was halted due to "adverse" events. The news triggered an early morning sell-off that had the major indices down about -0.50% when the opening bell sounded. While concerning, the news was largely shrugged off in favor of earnings from JP Morgan Chase and Citigroup. The nation's two largest consumer banks reported better than expected results that foreshadow what could be a market-moving earnings season. Revenue at both JP Morgan and Citigroup fell on a YOY period but came in above the consensus estimates. The most noteworthy detail in either report is that reserve-builds for credit losses were less than expected. In light of the current conditions, the slowdown in reserve-build was taken as a vote of confidence in the economic recovery. If the rest of the financial sector reports in like fashion a new all-time high is in store for the S&P 500. |
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From Our Partners In 2008, Andrew Keene was unemployed... burning through his life savings...
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From Our Partners On August 30, 2019, a small firm won a contract from the Pentagon to build a strange new weapon. The New York Times reports "No existing defense can stop it." This under-the-radar company is not yet a household name. | Our research proves that anyone who gets in now could turn $1,000 into $461,800 >>> | | |
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The Early Bird Stock Of The Day Ceridian HCM Holding Inc. operates as a human capital management (HCM) software company in the United States and internationally. The company offers Dayforce, a cloud HCM platform that provides human resources (HR), payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud platform, which offers scalable and straightforward payroll and HR solutions. It also provides Bureau solutions for payroll and payroll-related services. Ceridian HCM Holding Inc. was ... | | |
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