Back to normal–and the market gets earnings news to worry about
Back to normal. The United States won’t default. The federal government is open again—including the Panda cam at the National Zoo. And once again earnings count. Which at least for the day isn’t good news for U.S. stocks—at least not for the Dow Jones Industrials. I think we’re seeing three themes that are likely to be major drivers of the U.S. market as we move through the meat of earnings season
Buying Yahoo to get a piece of the Alibaba IPO seems worth it
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...The emerging emerging markets problem for Europe’s third quarter earnings
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...It’s a deal
The important news this morning is that there is a deal to end the government shutdown and to raise the debt ceiling. The bill has some procedural hurdles to jump. I wouldn’t be surprised if Congress misses the Treasury’s October 17 deadline by a day or two, but that isn’t likely to strike the markets as a big deal
Fitch Ratings rattles markets by putting U.S. on “credit watch negative”
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Markets, somehow, hold fast in face of House chaos
Republican leadership in the House of Representatives has one more chance to tank global financial markets. And they seem to be determined to make the most of it. After emphatically rejecting the Senate plan put together on the basis of Republican Senator Susan Collins’ (Maine) proposal, this morning the Republican leadership pulled its own plan apparently because of intense opposition from Tea Party Republicans.
What’s next? What’s next for global financial markets after Washington ends the shutdown/debt ceiling crisis?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Reminder: This is week two of third quarter earnings season
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Senate looks close to a solution but there’s still the House “problem”
The odds now heavily favor a deal in the Senate that would raise the U.S. debt ceiling and end the government shutdown. Such a deal might even pass the chamber tomorrow. (There’s a very outside chance for action today.) And then, of course, all eyes will be on the House of Representatives