Friday , November 24 2017
Home / Blogs / THE U.S. DAYBOOK: U.S. DAYBOOK & OVERNIGHT: Tax Plan, Jobless Claims, Blackberry

THE U.S. DAYBOOK: U.S. DAYBOOK & OVERNIGHT: Tax Plan, Jobless Claims, Blackberry

(Bloomberg) — U.S. index futures little changed ahead of jobless claims and GDP data. Earnings are expected from Blackberry, Conagra and McCormick. U.S. MARKETS:

  • S&P 500 futures down 0.05% to 2,503.25
  • Brent Futures down 0.09% to $57.85/bbl
  • Gold spot down 0.08% to $1,281.80
  • U.S. Dollar Index up 0.06% to 93.42

WHAT TO WATCH:

  • TOP OVERNIGHT NEWS:
    • Yellen’s Inflation Patience Gives Duration Bulls More Ammo
    • Trump’s Tax Cuts Seen Producing Short Job Growth ‘Sugar High’
    • Trump Gets to Replace His Auditor as IRS Head Prepares to Leave
    • General Who Led Katrina Response Criticizes Puerto Rico Efforts
    • Senate Judiciary Tech Subcmte Sets Oct. 4 Hearing on Equifax
    • Facebook, Twitter, Google Invited to Nov. 1 Senate Cmte Hearing
    • EPA Is Said to Weigh Ethanol Rule Change That Could Aid Icahn
    • India to Safeguard Own Interest While Deciding on GE Loco Deal
    • Bank of America’s Australian ECM Head David Goffage Departs
    • Indonesia Open to Extending Talks if Freeport Seeks More Time
    • Dassault Systemes to Buy Exa for $24.25/Shr in Cash
    • BlackRock’s Jon Howie Moves to H.K. as APAC Index-Product Head
    • JD.com Teams Up With SAIC, Dongfeng to Develop Driver-Less Vans
    • Boeing Names Delaney Its Digital Whiz as ‘797’ Team Takes Shape
    • Murphy Oil Unit in Farm-in Pact With Queiroz Galvão Exploração
    • Activist Calls on Mediaset to Cut Jobs, Find Vivendi Solution
    • Apple Urged to Activate IPhone’s FM Radio Chip After Hurricanes
    • Brookfield Is Said to Mull Sale of Stake in New London Tower
    • Japan’s Yamato to Revamp Fees, Labor as Amazon Boxes Pile Up
    • Apple Interested in JDI’s LCDs for Some iPhones Next Year: WSJ
    • Hain, Engaged Capital Are Said to Reach Pact on Directors: WSJ
    • Russia Reiterates Uber-Yandex Deal Close to Approval: Kommersant
    • Blackstone, Apollo Are Said to Team Up for Westinghouse Bid:Rtrs
  • M&A, ECM SCHEDULED EVENTS:
    • N.A. M.A Weekly Agenda: ANGI, CAB, PRXL, PX, KITE, S
    • U.S. ECM AGENDA: Roku, PQ Group, Deciphera IPOs
  • ANALYST ACTIONS
    • (AAN): Aaron’s Raised to Overweight at Keybanc, PT $50
    • (AGF/B CN): AGF Management Raised to Neutral at CIBC, PT C$8
    • (ANET): Arista Networks Cut to Market Perform at BMO, PT $190
    • (BZU IM): U.S.-Exposed Building Materials Companies Favored at HSBC
    • (DGE LN): Diageo New Outperform at Evercore ISI, PT $152
    • (DHX/B CN): DHX Media Cut to Hold at Echelon Wealth, PT C$7
    • (DHX/B CN): DHX Media Cut to Sector Perform at RBC, PT C$6
    • (DXCM): DexCom Cut to Neutral at JPMorgan, PT $71
    • (DXCM): DexCom Cut to Market Perform at Raymond James
    • (EBIX): Ebix New Outperform at William Blair
    • (EL): Estee Lauder New Neutral at DA Davidson, PT $115
    • (EVTC): Evertec Raised to Buy at Stifel, PT $18
    • (GLAD): Gladstone Capital New Neutral at Wedbush, PT $9.33
    • (MCD): McDonald’s Raised to Buy at Longbow, PT $183
    • (MTOR): Meritor Cut to Sector Weight at Keybanc
    • (NDRO): Enduro Royalty Cut to Hold at Stifel, PT $4
    • (PAG): Penske Automotive New Buy at Northcoast, PT $56
    • (PBPB): Potbelly Raised to Overweight at Piper Jaffray, PT $17
    • (RDFN): Redfin New Neutral at Piper Jaffray, PT $26
    • (RYB): RYB Education New Buy at Citic Securities, PT $32
    • (SLD): Sutherland Asset New Market Perform at KBW, PT $16
    • (SPB CN): Superior Plus Raised to Buy at Canaccord, PT C$13
    • (SYRS): Syros Pharmaceuticals Raised to Market Outperform at JMP, PT $33
    • (TRVG): Trivago Cut to Equal-weight at Morgan Stanley
    • (VC): Visteon New Hold at Jefferies, PT $135
    • (WEED CN): Canopy Growth New Sector Perform at Alta Corp, PT C$11.50
    • (WJX CN): Wajax Raised to Sector Outperform at Scotiabank, PT C$27

EARNINGS: (All ests. EPS. All times ET) Previews here

  • PRE-MKT
    • AngioDynamics (ANGO US) 6am 16c
    • Blackberry (BB CN) 8am break-even
    • Cantel Medical (CMD US) 8am 53c
    • Conagra (CAG US) 7:30am 40c
    • Ferrellgas Partners (FGP US) 7am (48c)
    • McCormick (MKC US) 6:30am $1.03
    • Rite Aid (RAD US) 7am (2c)
    • Vail Resorts (MTN US) 6:45am ($1.81)
  • POST-MKT
    • CalAmp (CAMP US) 4:05pm 26c
    • Farmer Bros (FARM US) 5:13pm 15c
    • KB Home (KBH US) 4:05pm 45c

GOVERNMENT:

  • Government Agenda

ECONOMIC DATA (All times ET):

  • 8:30am: GDP Annualized QoQ, est. 3.0%, prior 3.0%
  • 8:30am: Personal Consumption, est. 3.3%, prior 3.3%
  • 8:30am: GDP Price Index, est. 1.0%, prior 1.0%
  • 8:30am: Core PCE QoQ, est. 0.9%, prior 0.9%
  • 8:30am: Initial Jobless Claims, est. 270,000, prior 259,000
  • 8:30am: Continuing Claims, est. 1.99m, prior 1.98m
  • 8:30am: Advance Goods Trade Balance, est. $65.1b deficit, prior $65.1b deficit, revised $63.9b deficit
  • 8:30am: Wholesale Inventories MoM, est. 0.4%, prior 0.6%
  • 8:30am: Retail Inventories MoM, prior -0.2%, revised -0.1%
  • 9:45am: Bloomberg Consumer Comfort, prior 50.6
  • 11am: Kansas City Fed Manf. Activity, est. 14.5, prior 16

CENTRAL BANKS (All times ET):

  • 9:45am: Fed’s George Speaks on Economy and Monetary Policy
  • 10am: Fed’s Fischer Speaks at BOE Independence Conference, London
  • 1:30pm: Fed’s Raphael Bostic to Speak about Careers in Economics

CORPORATE EVENTS:

  • Annual general meetings: AVAV US, JW/A US, LW US
  • Other Events: AAL US, AEE US, AFL US, GPRO US, GWRE US, LNCE US, MSFT US, NNBR US
  • Other/M&A: OUT US

CONFERENCES:

  • B. Riley & Co. Consumer Conference: BC US
  • B. Riley Consumer Conference: CARS US, CHUBA US, FUN US, GES US, IMAX US, LGF/A US, MCS US, MPAA US, MPX US, OXM US, SIX US, TRUE US
  • Blackberry (BBRY) – CEO & Chairman – John Chen : Bloomberg TV Interview: BB CN
  • CIBC Eastern Institutional Investor Conference: AC CN, BMO CN, CAE CN, ECN CN, EFN CN, GWO CN, IAG CN, IFC CN, MFC CN, NFI CN, PKI CN, QBR/B CN, SLF CN, TCL/A CN, TIH CN, TOY CN, WJA CN, WSP CN
  • Cpp Conference: AMD US
  • Deutsche Bank Chicago Retail One-on-One Day: AZO US, BIG US, BKE US, CASY US, DLTR US, HD US, JCP US, SPTN US, SYY US, ULTA US
  • GoPro (GPRO US) – Chairman/CEO/Founder Nick Woodman: GPRO US
  • LEERINK Partners Rare Disease & Immuno- Oncology Conference: ADRO US, BLUE US, BMY US, CALA US, FPRX US, MGNX US, PFE US, TSRO US, XNCR US
  • Microsoft Corp (MSFT US) – CEO Satya Nadella: BTV Interview: MSFT US
  • Piper Jaffray New England Bank Symposium: INDB US
  • Pool Industry Expo Conference: RBC US
  • RBC Capital Markets Small Cap Conference: MRE CN
  • Sanford C. Bernstein & Co European Strategic Decisions Conference: PX US
  • Sidoti & Company Fall Convention: BLDP CN, CENT US, CMCO US, CUTR US, FORR US, IIVI US, JBSS US, MMSI US, NAVG US, NX US, PBI US, PLT US, RPXC US, SYX US
  • Splunk Conference – Day 3: SPLK US
  • Strata Data Conference: CLDR US
  • Wolfe Research Power & Gas Leaders Conference: CXO US, EOG US
  • Workshop on CAE for Design Engineers Seminar: ANSS US

BLOOMBERG TV SCHEDULE:

  • 04:07 Howard Shore (Chairman) Shore Capital
  • 04:08 Guy Stear (Head of Fixed Income Research) Societe Generale
  • 04:40 Richard Clarida (Global Strategic Advisor) PIMCO
  • 05:05 David Herro (CIO) Harris Associates
  • 05:05 Marvin Barth (Head of Global FX Strategy) Barclays
  • 06:00 David Folkerts-Landau (Chief Economist) Deutsche Bank
  • 06:40 John Fallon (CEO) Pearson
  • 07:00 Michael Zezas (Chief U.S. Public Policy Strategist) Morgan Stanley
  • 07:00 Mark McCormick (Head:FX Strategy North America) TD Securities
  • 07:00 Dennis Gartman (Economist/Editor/Publisher) Gartman Letter LC
  • 07:15 J Adair Turner (Director) Foundation for Science & Tech
  • 07:35 Dr. Toby Cosgrove (President/CEO) Cleveland Clinic Foundation
  • 07:45 Marc Short (Director:Legislative Affairs) White House Office
  • 08:00 Greg Davis (CIO) Vanguard
  • 08:10 Pat Toomey (Pennsylvania Senator (R)) (US)Senate
  • 08:30 Michael Gapen (Chief US Economist) Barclays
  • 08:40 Kevin McCarthy (House Majority Leader (R)) (US)House of Representatives
  • 09:00 Isaac Boltansky (Senior VP/Policy Analyst) Compass Point Research & Trading LLC
  • 09:00 Michael O’Rourke (Chief Market Strategist) JonesTrading
  • 09:00 Steven G Desanctis (Research Analyst) Jefferies LLC
  • 09:30 James Cakmak (Analyst) Monness Crespi Hardt & Co
  • 09:40 Ben Cardin (Senator) (US)Senate
  • 09:50 Ara Hovnanian (Chairman & CEO) Hovnanian Enterprises Inc
  • 10:15 Ted Seifried (VP/Chief Market Strategist) Zaner Group LLC
  • 10:30 Vittorio Grilli (Chairman:Corp & Invsmt Bank-EMEA) JPMorgan Chase Bank NA
  • 10:40 Diane Lynn Black (House Budget Committee chair (R)) (US)House of Representatives
  • 11:00 Michael Ray Dibdin Heseltine (Deputy Prime Minister) (UK)Office of Prime Minister
  • 11:15 E Lesetja Kganyago (Governor) South African Reserve Bank
  • 11:30 Jane Buchan (Chief Executive Officer) Pacific Alternative Asset Mgmt
  • 11:30 John S Chen (Chairman/CEO) Blackberry Ltd
  • 12:00 Kc Mathews (Chief Investment Officer) UMB Bank NA
  • 12:40 Austan Goolsbee (Professor of Economics) Chicago Booth
  • 13:15 Steny Hamilton Hoyer (House Minority Whip) (US)House of Representatives
  • 13:30 Mauricio Macri (President) Argentine Republic
  • 13:45 William Evanina (Director, National Counterintelligence and Security Center, DNI) Self
  • 14:30 Bruce Batkin (CEO/Co-Founder) Terra Capital Partners LLC
  • 14:40 Martha Pollack (President) Cornell University
  • 15:30 Robert Skidelsky (Member) (UK)House of Lords
  • 16:00 Jim Chanos (President/Founder) Kynikos Associates Ltd
  • 17:00 Satya Nadella (Chief Executive Officer) Microsoft Corp
  • 17:15 Nicholas Woodman “Nick” (Chairman/CEO/Founder) GoPro
  • 23:00 Satya Nadella (Chief Executive Officer) Microsoft Corp
  • 23:15 Nicholas Woodman “Nick” (Chairman/CEO/Founder) GoPro

OTHER EUROPEAN NEWS SINCE THE U.S. CLOSE:

  • EU Is Said to Consider Brexit Compromise on Transition Talks
  • Carney Hails BOE Independence, But Says It Can’t Do Everything
  • Liikanen Sees Need for Very Substantial Degree of Accommodation
  • Novartis Is Said to Consider Acquisition of Advanced Accelerator
  • Deutsche Boerse Said to Take Stake in Big Data Company Trifacta
  • Etihad Airways Appoints Tony Douglas as CEO to Lead Overhaul
  • Naspers Buys $775 Million Stake in German Online Food Service
  • H&M Slides as Analysts Eye Inventory Position: Street Wrap

EUROPEAN ECO DATA (All times ET):

  • 2am: (GE) Oct. GfK Consumer Confidence, actual 10.8, est. 11, prior 10.9
  • 3am: (SP) Aug. Retail Sales YoY, actual 1.7%, prior 0.7%, revised 1.0%
  • 3am: (SP) Sept. CPI MoM, actual 0.2%, est. 0.1%, prior 0.2%
  • 3am: (SP) Sept. CPI YoY, actual 1.8%, est. 1.75%, prior 1.6%
  • 3am: (SP) Sept. CPI EU Harmonised MoM, actual 0.6%, est. 0.8%, prior 0.2%
  • 3am: (SP) Sept. CPI EU Harmonised YoY, actual 1.9%, est. 2.0%, prior 2.0%
  • 5am: (EC) Sept. Consumer Confidence, est. -1.2, prior -1.2
  • 8am: (GE) Sept. CPI MoM, est. 0.1%, prior 0.1%
  • 8am: (GE) Sept. CPI YoY, est. 1.8%, prior 1.8%
  • 8am: (GE) Sept. CPI EU Harmonized MoM, est. 0.1%, prior 0.2%
  • 8am: (GE) Sept. CPI EU Harmonized YoY, est. 1.85%, prior 1.8%

WHAT HAPPENED IN EUROPEAN MARKETS:

  • STOXX Europe 600 down 0.02% to 385.54
  • German 10Y yield rose 2.2 bps to 0.49%
  • Euro up 0.09% to $1.1756
  • Brent Futures down 0.09% to $57.85/bbl
  • Italian 10Y yield rose 2.7 bps to 1.857%
  • Spanish 10Y yield rose 1.5 bps to 1.661%

OTHER ASIA NEWS SINCE THE U.S. CLOSE:

  • Hedge Funds Bet Billions on Japan Stocks Before Abe Called Vote
  • Indonesia Pledges to Guard Currency as Rupiah Nears 10-Month Low
  • Bank Indonesia Keeps Exchange Rate Target at 13,420/USD Yr- End
  • Toshiba Inks $18 Billion Deal to Sell Chip Arm to Bain Group
  • China to Start New Energy Vehicle Production Quota From 2019

ASIAN ECO DATA (All times ET):

  • 5pm: (SK) Oct. Business Survey Manufacturing, prior 83
  • 7pm: (SK) Aug. BoP Current Account Balance, prior $7.26b
  • 7pm: (SK) Aug. Industrial Production YoY, est. 1.3%, prior 0.1%
  • 7pm: (SK) Aug. Industrial Production SA MoM, est. 0.5%, prior 1.9%
  • 7:30pm: (JN) Aug. Jobless Rate, est. 2.8%, prior 2.8%
  • 7:30pm: (JN) Aug. Job- To-Applicant Ratio, est. 1.5, prior 1.5
  • 7:30pm: (JN) Aug. Natl CPI YoY, est. 0.6%, prior 0.4%
  • 7:30pm: (JN) Aug. Natl CPI Ex Fresh Food YoY, est. 0.7%, prior 0.5%
  • 7:30pm: (JN) Sept. Tokyo CPI YoY, est. 0.6%, prior 0.5%
  • 7:30pm: (JN) Sept. Tokyo CPI Ex- Fresh Food YoY, est. 0.5%, prior 0.4%
  • 7:50pm: (JN) Aug. Retail Trade YoY, est. 2.45%, prior 1.9%
  • 7:50pm: (JN) Aug. Retail Sales MoM, est. -0.5%, prior 1.1%
  • 7:50pm: (JN) Aug. Industrial Production MoM, est. 1.8%, prior -0.78%
  • 7:50pm: (JN) Aug. Industrial Production YoY, est. 5.2%, prior 4.66%
  • 9:30pm: (AU) Aug. Private Sector Credit YoY, est. 5.5%, prior 5.3%
  • 9:30pm: (AU) Aug. Private Sector Credit MoM, est. 0.5%, prior 0.5%

WHAT HAPPENED IN ASIAN MARKETS:

  • MXAP down 0.2% to 160.54
  • MXAPJ down 0.6% to 526.47
  • Nikkei up 0.5% to 20,363.11
  • Topix up 0.7% to 1,676.17
  • Hang Seng Index down 0.8% to 27,421.60
  • Shanghai Composite down 0.2% to 3,339.64
  • Sensex up 0.1% to 31,202.16
  • Australia S&P/ASX 200 up 0.1% to 5,670.39
  • Kospi up 0.02% to 2,373.14

To contact the reporter on this story: Hanna Hoikkala in Stockholm at hhoikkala@bloomberg.net To contact the editors responsible for this story: Celeste Perri at cperri@bloomberg.net Brian Lysaght

About Makkaba Co., Ltd.

Makkaba Co., Ltd.

Hotline: (+84)(0) 904935786 Tel.: (+84) (0)28.35208726
Email: m2mtradingsignals@gmail.com - Phone:

Check Also

North Korea joins the U.S. terrorist list

North Korea labeled state sponsor of terrorism, Morgan Stanley sees big pain for the Aussie …

5 things to know today

All eyes on Chinese and U.S. debt, Thai GDP growth forecast to hit four-year high, …

One comment

  1. I have noticed you don’t monetize your page, don’t
    waste your traffic, you can earn extra bucks every month
    because you’ve got high quality content. If you want to know how to make extra money, search for: Mrdalekjd methods for $$$

Leave a Reply

Your email address will not be published. Required fields are marked *