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.

Politics UK urged to conclude trade deal with EU to limit Brexit cost A leading international economic watchdog has urged the British government to conclude a free trade agreement with the European Union in the coming days and weeks to support the recovery from the coronavirus pandemic Read The Full Story >>

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Politics On eve of UK deadline, trade talks with EU still stalled On the eve of a European Union summit which British Prime Minister Boris Johnson had set as a deadline to get a post-Brexit trade agreement between both sides, talks remained in a deep rut over fundamental differences regarding anything from state aid to fisheries Read The Full Story >>

Politics Global shares turn higher after Wall Street decline Major global markets were mostly higher on Wednesday after worries over the pandemic snapped a four-day winning streak on Wall Street. Shares rose in Paris, London, Tokyo and Hong Kong. Rising coronavirus counts in many countries are raising the urge... Read The Full Story >>

From Our Partners Millennial Millionaire's One-of-a-Kind Trading System In 2008, Andrew Keene was unemployed... burning through his life savings... And had no real prospects on the horizon... Until he discovered an obscure 18-digit "code". The code let him see when hedge funds were making incredibly lucrative trades. He realized he could tag-along on these trades, and grab a piece of the profit. Today he's a multi-millionaire. And he's finally revealed how it all works.

Markets Surprising things renters insurance covers — and leaves out Insurance is designed to offer peace of mind, but there's a reason your policy has all that fine print: You might not have the coverage you expect. Like any other insurance policy, renters insurance has exclusions, and knowing about them ahead of time can help you avoid unexpected bills in a disaste... Read The Full Story >>

Tech China's Xi promises changes to promote tech center Shenzhen President Xi Jinping on Wednesday promised new steps to promote development of China's biggest tech center, Shenzhen, amid a feud with Washington that has disrupted access to U.S. technology and is fueling ambitions to create Chinese suppliers. In a speech marking the 40th anniversary... Read The Full Story >>

From Our Partners New 5G "Arrow" to Replace Nuclear Missiles 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 >>>

Markets LI Auto (NYSE: LI) Stock is a Chinese EREV and Autonomous Buy Trade Start-up Chinese electric vehicle (EV) maker Li Auto Inc. (NASDAQ: LI) shares have gained from the frenetic boom in the EV market. The Company recently went public at $11.50 per share in July 2020 reaching a peak of $24.48 before selling off to $14.97 to stabilize. While SPACs have been the rage dri... Read The Full Story >>

Markets Time to Ring the Register on The Container Store (NYSE: TCS) Stock Shares of The Container Store (NYSE: TCS) rallied sharply to highs if $9.72 since bottoming off its pandemic lows at $1.80 in Q1 2020. We highlighted this stock in the $3-$4 range in a MarketBeat Original article on July 13, 2020 as an overlooked restart play building steam for a breakout. Shares ha... Read The Full Story >>

Stocks Fisker Inc (NYSE:SPAQ) Stock: The Next Big Player in EV? Investors that are interested in the electric vehicle (EV) space have a lot of different companies to choose from. Many of these stocks have performed well this year and continue to benefit from bullish momentum thanks to optimism surrounding the industry and environmental concerns. As these compa... Read The Full Story >>

Markets Twilio (NYSE: TWLO) Becomes A Darling Of Wall Street How do companies coming off the back of a 300% run in six months keep the momentum going for another six months? One way at least is to announce a $3 billion acquisition, or at least that's how Twilio (NYSE: TWLO) have played it. Read The Full Story >>

The Early Bird Stock Of The Day Ceridian HCM Holding Inc 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 ... Learn more

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