Overview: The surging virus ravaging large parts of Europe and the United States is fanning concerns over the economic implications as new social restrictions and curfews are announced in several countries. US additional fiscal support remains elusive as aid for states and local governments remains a bone of contention. Equities are under pressure. Most bourses in the Asia Pacific region fell, and a good part of last week’s gains have been given back. In Europe, the Dow Jones Stoxx 600 is off a little over 1% in late morning turnover after falling for the past two weeks. US shares are lower, too, and the S&P is around 0.7% lower. Declining equities and growth concerns are pushing yields lower. The US 10-year benchmark yield is off about three basis points to 0.81%. European peripheral yields are off 2-6 basis points, while the core is off 1-2 bp. The dollar is bid
LAS VEGAS (AP) — The Las Vegas Raiders started their week of practice for the Tampa Bay Buccaneers by sending home their entire starting offensive line after Trent Brown tested positive for the coronavirus.
The four other starters weren’t allowed to return until Sunday morning with their only real preparation coming from individual workouts at home and Zoom calls to learn the game plan.
The result was predictably not a good one as the Raiders matched their season high by allowing three sacks and got no running game going in a 45-20 loss to the Tampa Bay Buccaneers on Sunday.
“I’m not going to use any excuses, we can’t,” quarterback Derek Carr said. “We’re in a production-oriented business. The miscommunication, absolutely, it took place. It’s a game of practice, it really is. You got to be available, not just for Sundays, you
It is the 300th day of the year—and 2020 can’t end soon enough.
WSL, the retail strategy firm, hosts a webinar on supporting African American entrepreneurship. The hour-long session includes Angel Beasley, merchandise director of specialty hair at Walmart, and Erica Culpepper, general manager at L’Oréal Multicultural Beauty.
Ad Age’s Town Hall at 11 a.m. EDT brings together leaders in multicultural marketing to delve into the debate around general market versus multicultural, how to authentically target these audiences and why it’s so important to get it right.
Ad Age Remotely hosts McCann’s new CEO Bill Kolb at 11:30 a.m. EDT. He will discuss the new role, how the agency has been navigating the pandemic and efforts around diversity and inclusion.
Quarterly results from Kellogg Co. and Kraft Heinz will show how well the broader U.S. food industry is holding onto consumers who
The Weekly Breakout Forecast continues my doctoral research analysis on MDA breakout selections over more than five years. This subset of the different portfolios I regularly analyze has now reached 180 weeks of public selections as part of this ongoing live forward-testing research.
In 2017, the sample size began with 12 stocks, then 8 stocks in 2018, and at members’ request into 2020, I now generate 4 selections each week, 2 Dow 30 picks, and a separate article for monthly Growth & Dividend MDA breakout stocks. I now provide more than six different ways to beat the S&P 500 since my trading studies were made public.
Remarkably, the frequency streak of 10% gainers within a four- or five-day trading week remains at highly statistically significant levels above 80% not counting frequent multiple 10% gainers in a single week. More than 200 stocks have gained over 10% in a five-day
Thursday brings results from four of five Big Tech companies: Alphabet,
reports on Tuesday. Other notable releases on Thursday will come from
Kraft Heinz, Newmont, and
Finally, Friday’s results include Altria Group,
The economic data calendar this week is quiet by comparison. Highlights will include the Conference Board’s Consumer Confidence Index for October on Tuesday and the Bureau of Economic Analysis’ personal income and expenditures data for September on Friday.
The BEA also releases its advance estimate for third-quarter gross domestic product on Thursday. The
Bank of Japan
announces a monetary policy decision that same day. The central bank is expected to hold its target interest rate steady at negative 0.1%.
Hasbro, HCA Healthcare,
National Oilwell Varco
(Bloomberg) — Russian President Vladimir Putin plans to have a video conference with the country’s leading business lobby group as executives seek to discuss the government’s response to the coronavirus pandemic and possible tax increases.
The president will meet members of the bureau of Russian Union of Industrialists and Entrepreneurs, the Kremlin spokesman Dmitry Peskov said. The organization unites the biggest companies in the country and their owners.
The business leaders expect that they will have an opportunity to talk about recent tax changes as well as about Russia’s response to the coronavirus pandemic, two people from companies whose leaders are due to attend the video conference said. The meeting is tentatively planned for Oct. 21, they said.
Putin usually meets with top executives and tycoons every spring during the Russian Union of Industrialists and Entrepreneurs business week. That event was canceled this year due to pandemic.
Autonomous safety-enhancing technology recognized for extraordinary achievement in business aviation
Garmin® International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced that it was awarded the 2020 Grand Laureate in the Business Aviation category by Aviation Week Network for its revolutionary Garmin Autoland, the world’s first autonomous safety-enhancing technology system for general aviation aircraft with the ability to land an aircraft without human intervention. For 63 years, Aviation Week Network’s Laureate Awards have honored extraordinary aviation and aerospace achievements that embody the spirit of exploration, innovation and vision that inspire others to strive for progress, change and leadership. This year’s Grand Laureate Awards were presented at a virtual ceremony on October 19, 2020.
“We are humbled and honored to be recognized by Aviation Week Network with this prestigious award in the Business Aviation category for the innovation of Autoland,” said Phil Straub, Garmin executive vice president and managing
WASHINGTON, Oct. 19, 2020 (GLOBE NEWSWIRE) — Aviation Week Network has announced the Grand Laureate winners for the 63rd Annual Laureate Awards, honoring extraordinary achievements in the global aerospace arena. They were selected from a total of 27 winners of the 2020 Laureate Awards and were announced during a virtual online program hosted by Aviation Week Editorial Director Joe Anselmo, Editors Jen DiMascio, Jens Flottau, William Garvey, Irene Klotz and Guy Norris, and Aviation Week Network President Greg Hamilton.
In addition, Aviation Week & Space Technology bestowed the Philip J. Klass Award for Lifetime Achievement. And two dozen outstanding students – the 20 Twenties, plus cadets and midshipmen from each of the four U.S. military academies — were also recognized as Tomorrow’s Leaders.
“The Grand Laureates represent winners who embody the spirit of exploration, innovation and vision that will inspire others to strive for broad-reaching progress in aviation, aerospace and
The Cardinals travel to New York to take on the winless Jets, azcentral’s Bob McManaman, Katherine Fitzgerald and Kent Somers break down the Cardinals game plan and share who they think will win on Sunday.
The Arizona Cardinals are on the East Coast and still prepared to play Sunday against the New York Jets as planned, following some brief uncertainty Friday.
The Jets had a presumptive positive COVID-19 test Friday morning. Jets players and coaches were sent home to prepare virtually for the game, as the team followed league protocols for isolation, repeat testing and contact tracing.
“This evening, we received negative PCR COVID-19 test results for all players, coaches and personnel,” the Jets said in a statement Friday. “…We look forward to our game this Sunday against the Arizona Cardinals.”
Happy Sunday, and hope you’re staying safe and healthy. Here’s what you need to know in business and tech news for the week ahead. — Charlotte Cowles
What’s Up? (Oct. 11-17)
Taking a Stand
Facebook and Twitter drew a fresh wave of Republican ire this past week in blocking and limiting the spread of a New York Post article that contained unsubstantiated rumors about Hunter Biden, son of the Democratic presidential candidate, Joe Biden. After President Trump accused the platforms (as he has for years) of intentionally suppressing conservative news outlets that support him, Twitter eventually caved, allowing the article’s content to be shared. The social media companies are fighting an uphill battle against the spread of misinformation leading up to Election Day, and scrambling to deploy more aggressive tactics as a result. It’s a particularly sharp turn for Facebook, which has often been criticized for being too slow and