Plus, what could be more fun than insurance seriously. This is an interesting situation. Its captivating when captain coe explains how options action starts right now. U. S. Markets rallied for a strong week, but the start master and mike sa there is value to be found across the pacific what are you looking at in japan . Before we get to the charts, what we know is yeartodate, the nikkei is virtually unchanged. The s p is up 8 . First, taiwan versus korea so instead of using the Taiwan Stock Exchange index or the kospi, were using the ewt for taiwan and ewy for korea they are literally neck and neck. Its a perfect set of parallel lines. Now, add in japan, ewz, the i shares for japan. Here you see the divergence. If i were to include the spy, it would look identical which is to say these are all in dollars so we have adjusted out for the currency that comparative chart is the opportunity, japan lagging. And so take a look now at the individual i shares thems seelv. First ewt. Ive circle
Busiest week of earnings thus far. Trillionlmost 16 worth of corporates reporting. We need to figure out exactly what the set up looks like. Lets do that with scarlet fu. Scarlet what we have learned so far as we are deepening in an earnings recession with more than a quarter of the s p 500 having reported. Third quarter etf down 18 . Third quarter revenue down last, but still up 4 versus last year. We have definitely turned the corner because declines in the top line and bottom line are less bad than it was in the second quarter. It may even turn positive by the second half of 2021 when the conversations become easier. The market had priced in all of these Third Quarter declines. So far, so good. 500 are topping estimates overall. Sales are beating estimates by 3 . That is the most in two years. Eps is surprising to the upside by 18 , slipping from a 23 margin in the second quarter. Gina martin adams says Growth Companies are beating estimates more widely than value companies. When ea
Conditions are expected to return in the next couple of days, heres a live look at downtown San Francisco right now. The windy weather is expected to return wednesday morning, causing increased fire danger. Good evening. Im ken wayne and im pam moore, lets get right to our chief meteorologist Lawrence Karnow with more on the dangerous winds expected in the days ahead lower, yeah guys historically this is that time of year right where weve seen some of though. Worst fires in the bay area because of those gusty winds and going to see that northerly wind really kicking in over the next 48 hours here right now were starting to see the effects as reaches way all the way to the surface but weve got nice clear skies in the San Francisco, no fog to speak of and just a beautiful weather outside now this ridge of High Pressure that city across the west coast, fairly flat right now you see a cold front up here in the gulf of alaska to watch happens here. This front is going to kick to the east be
Philips beats expectations in the Third Quarter, sending shares higher in early trade this as the dutch Health Tech Company also backs its outlook. The world needs more Productive Health technology, find new ways to connect patients to doctors, overcome the pandemic and philips is very well placed for the coming years to benefit from that. And chinas gdp rises 4. 9 in the Third Quarter as strong growth in retail sales and Industrial Production support the economys rebound. But the data slightly misses expectations so, there are three parts if i can put it more sub sectors and ideas, one, whats going on politically and economically and on a corporate front this week promises a lot of information on all of the above. Maybe not conclusive information. As the u. S. Elections. Such as brexit were getting to a very key crunch moment as well. Because lets face it, weve got around 15 days until americans have their vote, theyre already voting in droves by the way in the u. S. Election. Not muc
Hybrid hearing. Pursuant to house rules, some members will appear in person and others will appear remotely via webx. Some members are appearing in person. Let me first remind everyone that pursuant to the latest guidance from the attending physician, all individuals attending the hearing in person must wear a face mask unless you are speaking. Members not wearing a face mask will not be recognized. Let me also make a few reminders for these members appearing in person. You will only see members and witnesses appearing remotely on the monitor in front of you when they are speaking in what is known as webx as active speaker view. The timer is visible in the room directly in front of you. For members appearing remotely, i know you are all familiar with webx by now, but let me remind you of a few points. First, you will be able to see each person speaking during the hearing, whether they are in person or remote, as long as you have your webx set to active speaker view. If you have any que