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☆ Morning Bid: Refunding relief stokes bond-led bounce
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2023. But relief in Treasuries, the villain of the piece for several weeks, is probably the most significant marker for the remainder of the year. And there were further soothing noises for world bonds, even if not for global growth, from surprisingly weak Chinese business surveys for October. Overall, the picture pointed to another positive day for Wall Street stocks, with futures marginally positive ahead of the open as the Fed meeting gets underway. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Hubbell, Christina Fincher Organizations: New York Stock Exchange, REUTERS, Bank of, Federal Reserve, U.S . Treasury, Nikkei, Big Oil, BP, Wall, pharma, Pfizer, Caterpillar, General Motors, United Auto Workers, Detroit Three, Dallas Fed, Federal, AMD, Global, Franklin Resources, Equity, GE Healthcare, WEC Energy, Treasury, Reuters, Thomson Locations: New York City, U.S, Bank of Japan, Treasuries, California, Israel, Gaza, Europe, Chicago, Amgen, MSCI, Eaton, Franklin, AMETEK, Echolab

☆ CNBC Daily Open: Market bounce may not last
▼ + stars: | 2023-10-31 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The BOJ also revised its inflation outlook for Japan higher, forecasting core CPI to hit 2.8% and 1.7% for the fiscal years 2024 and 2025. The Federal Reserve is widely expected to keep interest rates unchanged at the close of its two-day meeting Wednesday. But the Fed has been notoriously off the mark when it comes to predictions about monetary policy, writes CNBC's Jeff Cox.

Persons: Elon Musk, Jeff Cox Organizations: New York Stock Exchange, CNBC, Dow, Industrial, China's, Bank of Japan, Samsung Electronics, Panasonic, Federal Reserve Locations: New York City, Asia, Pacific, China's Shanghai, Japan

☆ CNBC Daily Open: Markets’ bounce may be short-lived
▼ + stars: | 2023-10-31 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +4 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. But Goldman Sachs' chief equity strategist thinks such negative sentiment gives rise to a "buying opportunity," especially for a certain type of stock that boasts a healthy balance sheet . But not for Tesla Tesla shares sank nearly 5% after Panasonic said it was reducing production of electric batteries because of flagging demand for Tesla's vehicles. The spread in opinions may make the picture ahead murky, but, ironically, it does make one thing clear: markets are increasingly volatile.

Persons: Goldman Sachs, Joe Biden, Tesla, Elon Musk, Europe's, Fundstrat's Tom Lee, Lee, Hogan, Ari Wald, Oppenheimer, Wald, Morgan Stanley, Mike Wilson, Wilson —, — Organizations: New York Stock Exchange, CNBC, Consumers, U.S, Panasonic, Dow, Industrial, Dow Jones Industrial, Nasdaq, Technology, Amazon, Microsoft, Meta, Riley, Federal Reserve, Lower Treasury Locations: New York City, Lower

☆ Fall in UK jobs postings shows labour market is cooling, Adzuna says
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

Online job adverts fell by 1.6% in September from August, bucking the usual end-of-summer bounce in job postings, and advertised salaries fell by the same amount, Adzuna said. "September traditionally sees a surge in job market activity but the figures we're seeing this year could signal a cooling off of the job market, which had shown signs of resilience earlier in the year," Adzuna co-founder Andrew Hunter said. The Office for National Statistics said earlier this month its measure of job vacancies fell to a two-year low of 988,000 in the three months to September. Separately on Monday, a survey showed small businesses recovering a bit of their lost confidence but the overall mood remained negative. Martin McTague, FSB's national chair, said the survey showed signs of stabilisation after 18 months of surging costs.

Persons: Adzuna, Andrew Hunter, BoE, Martin McTague, McTague, Suban Abdulla, William Schomberg, Andy Bruce Organizations: Bank of England, National Statistics, Federation of Small, Hospitality, Thomson

The National Financial Work Conference, usually held twice a decade, is expected to further fortify leader Xi Jinping’s control of the country’s $61 trillion financial sector. “Overall, the financial sector in China has made progress but at this moment they face challenges,” said Nakao. Last week, Xi reportedly visited the central bank, or People’s Bank of China, a rare step that underscores the party’s consolidation of controls over markets and financial institutions. Country Garden, another major developer, failed last week to meet a deadline to pay interest on a dollar bond. It has adopted measures to support private industries, which provide the lion's share of jobs in China.

Persons: —, Xi Jinping’s, Takehiko Nakao, China’s, ”, Li Keqiang, Li, shakeup, Xi, Lan Fo’an, Evergrande, Hui Ka Yan, Zen Soo Organizations: Financial Work Conference, Asian Development Bank, Central Financial Commission, China Securities Regulatory Commission, People’s Bank of, International Monetary Fund, AP Locations: BANGKOK, Beijing, China's Guangzhou, “, China, People’s Bank of China, Hong Kong, Foshan

☆ Native American populations are ‘invisible’ to banks. That needs to change
▼ + stars: | 2023-10-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +13 min

Before the Bell: What do investors need to know about investing in Native American and Alaskan Native communities? Dawson Her Many Horses: Native American and Alaskan Native communities are more than an ethnic group or racial category. The National League Gaming Commission, which is the regulator for Native American casinos, publishes a yearly report on gross gaming revenues for casinos. When you look at some of the research that gets done, Native American and Alaskan Native households are almost always the most underbanked. People like to focus on what I call the ‘poverty porn’ aspects of Native American and Alaskan Native communities.

Persons: Dawson, “, “ I’ve, ”, Bell, Banks, Wells, That’s, we’ve, Wells Fargo, they’re, Danielle Wiener, Bronner, Kit Kat, ” Hershey, Michele Buck, It’s, Dan Sadler, Covid shutdowns Organizations: CNN Business, Bell, New York CNN, CNN, Wells, Rosebud Sioux, The National League Gaming Commission, Bank of America, Federal, American Finance, Silicon Valley Bank, Hershey, Consumers, Dow, Federal Reserve, Apple Locations: New York, Rosebud, South Dakota, Wells Fargo, United States, Federal Government, Silicon, New York City, Alaska, Oklahoma, confections

☆ Stock futures are little changed after major averages rebound to start the week: Live updates
▼ + stars: | 2023-10-30 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

U.S. stock futures were flat Monday night after the major averages climbed in a relief rally. S&P 500 futures ticked down by 0.04%, and Nasdaq 100 futures inched lower by 0.06%. During Monday's trading session, the S&P 500 managed to climb out of correction territory and close 1.2% higher for its best day since late August. The Nasdaq Composite added about 1.2%, while the Dow jumped roughly 1.6% in its best day since early June. The Dow and the S&P 500 are down 1.7% and 2.8% in October, respectively, in their third consecutive negative month.

Persons: Dow, Anastasia Amoroso, Amoroso, Powell Organizations: New York Stock Exchange, Nasdaq, Dow Jones, Traders, Caterpillar, Pfizer, Caesars Entertainment, Devices, Tech, Apple

☆ America’s favorite Halloween candy is chocolate
▼ + stars: | 2023-10-30 | by ( Christopher Hickey | Will Mullery | ) edition.cnn.com time to read: +3 min

Americans can’t get enough of Halloween candy. Halloween candy sales grew 14% between 2021 and 2022 and this year is on track to be the same. And in the world of chocolate, milk chocolate is king: more people bought milk chocolate last Halloween season than all other non-chocolate candy combined. But while per unit sales of chocolate candy have remained largely stable compared with five years ago, non-chocolate candy is the growth market. Americans bought roughly 7.8% more packages of non-chocolate candy last Halloween season compared to 2018, while package sales of chocolate shrank by 2.5%.

Persons: “ It’s, Beth Kimmerle, “, ”, ” Kimmerle, Susan Benjamin, it’s, Albanese, Kimmerle, Candy, Benjamin, don’t Organizations: Bear Cubs Locations: West Virginia

☆ Buy the dip and add to quality, says FBB Capital Partners' Mike Bailey
▼ + stars: | 2023-10-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBuy the dip and add to quality, says FBB Capital Partners' Mike BaileyMike Bailey, director of research with FBB Capital Partners, joins 'Power Lunch' to discuss opportunity plays in the stock bounce back.

Persons: Mike Bailey Mike Bailey Organizations: Partners, FBB Capital Partners

☆ Here are 2 stocks Jim Cramer is "most concerned about" and 1 name that he likes
▼ + stars: | 2023-10-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Watch the Treasury bond auctions as Jim Cramer said in his Sunday column . Both are Club stocks. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Jim, Trian's Nelson Peltz, Ike Perlmutter, It's, Jim Cramer's Organizations: CNBC, Wall, Dow, Nasdaq, Apple, Disney

☆ Cramer's Lightning Round: Merck is a buy
▼ + stars: | 2023-10-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Corning's year-to-date stock performance. Stock Chart Icon Stock chart icon Vertiv's year-to-date stock performance. Stock Chart Icon Stock chart icon Texas Instruments' year-to-date stock performance. Stock Chart Icon Stock chart icon Merck's year-to-date stock performance. Stock Chart Icon Stock chart icon Algonquin Power & Utilities' year-to-date stock performance.

Persons: there's, Merck Organizations: Texas, Merck, Algonquin Power & Utilities

☆ Morning Bid: Market bounce sets up Fed-dominated week ahead
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +5 min

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. A worrying late-year stock market unwind is starkest in small-cap indexes (.RUT) now tracking year-to-date losses of some 7% - even as the benchmark S&P500 (.SPX) remains up 7% and Big Tech leaders of the Nasdaq 100 are still 30% (.NDX) higher. Annual earnings growth for S&P500 companies is now expected to have picked up to a 4.3% annual growth rate, according to LSEG estimates, from as low as 1.6% before the reporting season began. But beyond Fed policy rates, it's the restive bond market and near 16-year-high long-term borrowing costs that are starting to hurt most. U.S. 10-year Treasury yields held steady at 4.85% - well below the 5% threshold they breached last week.

Persons: Brendan McDermid, Mike Dolan, keener, Russell, China Evergrande, Simon Property, Louis, Nick Macfie Organizations: New York Stock Exchange, REUTERS, Big Tech, Nasdaq, Tech, Federal Reserve, Detroit's Big, Apple, HSBC HSBA.L, Swiss, Swiss National Bank, Bank of Japan, China, HK, Dallas Fed, Western Digital, FMC, Arista Networks, Arch, Semiconductor, Treasury, Reuters, Louis Fed, Reuters Graphics Reuters, Thomson Locations: New York City, U.S, Gaza, London, Europe, Hong Kong, Loews, St

Do policymakers look back to last week’s report that the nation’s economy grew at a 4.9% rate in September, beating expectations? Or this week’s report on job growth for October due out on Friday after the Fed meeting on Tuesday and Wednesday? On Wednesday, the jobs data onslaught begins with private payroll firm ADP reporting its monthly employment survey for October. Political Cartoons on the Economy View All 602 ImagesWednesday also has the Fed announcing its decision on interest rates. These include adjustments to the Fed’s new regime of higher interest rates for a longer period and the government’s fiscal situation that requires a greater level of debt issuance.

Persons: Jerome Powell, ” Sam Bullard, Wells, ” Bullard, ” Chris Diaz, ”, Louisiana Republican Mike Johnson, Johnson Organizations: Conference Board, Fed, Treasury, Federal, Brown Advisory, Labor Department, McDonalds, Apple, Dow Industrial, Louisiana Republican Locations: Louisiana

☆ Treasury set to borrow $776 billion next quarter, the most ever borrowed in the fourth quarter
▼ + stars: | 2023-10-30 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +1 min

New York CNN —The US Treasury Department said it expects to borrow $776 billion in the final quarter of this year, the most the government has ever borrowed during a fourth quarter. The forecast is $76 billion less than the estimate Treasury made in August due to higher-than-anticipated tax collections in October. The updated estimate likely means Treasury will issue fewer bonds this quarter than investors were bracing for. The Treasury also said it expects to borrow $816 billion in the first quarter of next year. Meanwhile, last quarter the government borrowed $1.01 trillion, or $277 billion more than the Treasury initially estimated in May.

Persons: That’s Organizations: New, New York CNN, US Treasury Department, Treasury Locations: New York, California

☆ Sabalenka slams WTA for court conditions in Cancun
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

[1/2] Oct 29, 2023; Cancun, Mexico; Aryna Sabalenka returns a shot during her match against Maria Sakkari (GRE) on day one of the GNP Saguaros WTA Finals Cancun. read more"I have to say though that I am very disappointed with the WTA and the experience so far at the WTA Finals. As I said in my press conference tonight, as a player I really feel disrespected by the WTA. "The team has worked diligently on an expedited timeline amid weather challenges to ensure the stadium and court meet our strict performance standards," the WTA said. I'm very happy to be in Mexico, I'm just upset with the WTA and this situation."

Persons: Aryna Sabalenka, Maria Sakkari, Susan Mullane, Sabalenka, It's, Estadio Paradisus, I'm, Rory Carroll, Christian Radnedge Organizations: Cancun, WTA, Estadio, Reuters, Thomson Locations: Cancun, Mexico, Cancun , Mexico, Los Angeles

Learn moreLooking for the latest on how to watch the Mexico F1 live stream for free? Where to Watch a free Mexico F1 live streamThis weekend's simplest option for a free F1 live stream is using a VPN to tune into one of the free European streams mentioned above. How to watch the Mexico F1 live stream with a VPNSign up for a VPN if you don't have one. Turn it on and set it to a country with a free live stream. How to watch an F1 live stream in the USESPN carries coverage of Formula 1 racing throughout the season, and there's plenty of it left to enjoy.

Persons: we've, Leclerc, Sainz, Perez, he's, We've, ExpressVPN Organizations: Mexico, BBC, RTL, AEST, US ESPN, ESPN Locations: Mexico, ORF1, Austria, Belgium, Luxembourg, TV's

☆ Fittingly fraught finale for fantastic World Cup
▼ + stars: | 2023-10-29 | by ( Mitch Phillips | ) www.reuters.com time to read: +5 min

World Rugby addressed that with a major overhaul of the calendar they described as "the most significant development in the sport since the game went professional" but those long-suffering countries are going to have to suffer for a few years yet before they start to feel the benefits. Elsewhere, England overcame a terrible build-up to win all their pool games and Fiji shocked Australia to go through alongside Wales. FABULOUS BRANDFiji's final pool game against Portugal was one of the best seen at a World Cup, with the Portuguese playing a fabulous brand of all-court rugby reminiscent of France at their pomp. Amid emotional scenes and roared on by neutrals the world over, they secured their first-ever World Cup victory in the last minute, with Fiji scraping through via their losing bonus point. Wales will forever rue their missed chances in the first of them against Argentina before Ireland and New Zealand produced an absolute classic.

Persons: Denis, Mbonambi, Webb Ellis, Sarah Meyssonnier, agonising, England's, Owen Farrell's, Antoine Dupont, Handre, Sam Cane, Mitch Phillips, Pritha Sarkar Organizations: Rugby Union, Rugby, Stade de France, Saint, Rights, Two Nations, New Zealand, Ireland, South, Fiji, Wales, Portugal, Argentina, England, Pumas, Springboks, Thomson Locations: Zealand, South Africa, France, Portugal, England, Ireland, Scotland, Australia, Portuguese, Fiji, Marseille, Paris, New Zealand, Argentina, New

☆ New Zealand PM praises resilient All Blacks despite World Cup final loss
▼ + stars: | 2023-10-29 | by ( ) www.reuters.com time to read: +2 min

Oct 29 (Reuters) - New Zealand Prime Minister Chris Hipkins praised the All Blacks for their resilience and determination despite seeing Ian Foster's side slip to a narrow defeat against South Africa in the final of the Rugby World Cup in Paris on Saturday. "It's been incredible to see the team bounce back from that tough opening game against France and set the tournament alight. "New Zealand looks forward to welcoming the team home and celebrating their achievements." The All Blacks reached the final to defy lowly pre-tournament expectations, after a first-ever home series loss to Ireland and defeats against South Africa and Argentina in the Rugby Championship last year. "It's been an incredible seven weeks of rugby and the team has done New Zealand proud.

Persons: Chris Hipkins, Ian Foster's, Sam Cane's, Hipkins, It's, Ian Foster, Sam Cane, Grant Robertson, Michael Church, William Mallard Organizations: Zealand, Blacks, South, Rugby, . New Zealand, All Blacks, France, Rugby Championship, New Zealand, Springboks, Thomson Locations: South Africa, Paris, ., Japan, Argentina, France, New Zealand, Zealand

☆ Opinion: Why Matthew Perry was my favorite among ‘Friends’
▼ + stars: | 2023-10-29 | by ( Lee Smith | Dean Obeidallah | ) edition.cnn.com time to read: +10 min

ABC/Disney Entertainment/Getty Images Perry co-starred in "Friends" with Matt LeBlanc, Lisa Kudrow, David Schwimmer, Courteney Cox and Jennifer Aniston. NBC/Getty Images Perry is seen in the 1995 "Friends" episode "The One with the Evil Orthodontist." NBC/Getty Images Perry co-stars with Salma Hayek in the 1997 romantic comedy film "Fools Rush In." NBC/Getty Images Perry and Cox are seen in the 2000 "Friends" episode "The One With Rachel's Assistant." Warner Brothers/Getty Images Perry and Cox pose for a photo during the 2001 "Friends" episode "The One With Monica And Chandler's Wedding."

Persons: Dean Obeidallah, Matthew Perry —, —, ”, Chandler, Dean Obeidallah CNN Chandler, I’m Chandler, “ I’m, Courteney Cox, Matt LeBlanc, David Schwimmer, Jennifer Aniston, Lisa Kudrow —, NBC’s, CBS ’ “ Young Sheldon, Matthew Perry, Chandler Bing, Perry, Michael Ochs, Christina Applegate, Martha Plimpton, Lisa Kudrow, Cox, Jay Leno, Salma Hayek, Michael Clarke Duncan, Warner, Monica, Danny Feld, Joe Quincy, Amy Stewart, Richard Schiff, Milo O'Shea, Kelly Reilly, Toby Melville, Reuters Perry, Merv Griffin, Jean, Paul Aussenard, LeBlanc, Mark J, Terrill, John Inwood, Zach Braff, John C, McGinley, Mitch Haddad, Amanda Peet, Bruce Willis, Everett, Chris Pizzello, Phil McCarten, Tom Williams, Lindsay Sloane, Michael Yarish, Ted Kennedy, James Corden, Terence Patrick, Julia Weeks, Matt Brennan, Dania Maxwell, Matthew, “, haven’t, Perry didn’t, Matty, ” Perry, Pete Davidson, Davidson, Chad Lowe, Sunshine ”, Neil Simon’s “ Organizations: CNN, “, Warner Bros . Television, Warner Bros ., Variety, CBS, NBC, Getty, Michael Ochs Archives, Limelight, ABC, Disney Entertainment, Columbia, Warner Brothers, Bank, Comedy Theatre, Reuters, Merv Griffin Beverly Hills Country, Actors Guild, Guild of America, Los Angeles Dodgers, Capitol, National Association of Drug, Inc, Los Angeles Times Festival of, Los Angeles Times, CBC, People Locations: ”, Los Angeles, Williamstown , Massachusetts, New York City, British, Chicago, London, Canada

☆ NFL Week 8: Patrick Mahomes out to make history against Denver Broncos
▼ + stars: | 2023-10-29 | by ( Hannah Brewitt | ) edition.cnn.com time to read: +8 min

Jacksonville Jaguars @ Pittsburgh Steelers, 1:00 p.m. Jonathan Bachman/Getty ImagesTwo potential AFC playoff contenders face off when the Pittsburgh Steelers host the Jacksonville Jaguars on Sunday afternoon. Earlier this week, quarterback Kenny Pickett was asked why he thinks the team comes out of the gate so slow. ETJacksonville Jaguars @ Pittsburgh Steelers, 1:00 p.m. Australia: NFL+, ESPN, 7PlusBrazil: NFL+, ESPNCanada: NFL+, CTV, TSN, RDSGermany: NFL+, ProSieben MAXX, DAZNMexico: NFL+, TUDN, ESPN, Fox Sports, Sky SportsUK: NFL+, Sky Sports, ITV, Channel 5US: NFL+, CBS, NBC, FOX, ESPN, Amazon Prime

Persons: Kenny Pickett, Pickett, Sean McVay, McVay, ” McVay, Kevork Djansezian, Mike McCarthy, ” McCarthy, … I’ve, I’ve, CBS Trevor Lawrence, Jonathan Bachman, Mike Tomlin, ” Tomlin, Tomlin, ” Pickett, “ I’m, ”, Trevor Lawrence, Lawrence, “, ” Lawrence, CBS Patrick Mahomes, Jamie Squire, Patrick Mahomes, Mahomes, Sean Payton, Kareem Jackson, Locke, ProSieben MAXX Organizations: CNN, NFL, Buffalo Bills, Tampa Bay Buccaneers, Los Angeles Rams, Dallas Cowboys, FOX The Dallas Cowboys, NFC, Dallas, Pittsburgh Steelers, The Steelers, Rams, Pittsburgh, Cowboys, Texas, Jacksonville Jaguars, CBS, New Orleans Saints, Getty, AFC, Steelers, Jacksonville, Saints, ” Kansas City Chiefs, Denver Broncos, Los Angeles Chargers, Kansas City Chiefs, Chiefs, AFC West, Broncos, Green Bay Packers, Packers, Sunday Houston Texans, Carolina Panthers, Minnesota Vikings, Orleans Saints, Indianapolis Colts, New England Patriots, Miami Dolphins, New York Jets, New York Giants, Atlanta Falcons, Tennessee Titans, Philadelphia Eagles, Washington, Cleveland Browns, Seattle Seahawks, Baltimore Ravens, Arizona Cardinals, Cincinnati Bengals, San Francisco 49ers, Chicago Bears, Las Vegas Raiders, Detroit Lions, ESPN, 7Plus, ESPN Canada, CTV, TSN, RDS, DAZN, Fox Sports, Sky Sports UK, Sky Sports, ITV, Channel, NBC, FOX, Amazon Locations: Los Angeles, Pittsburgh, ”, Kansas, Denver, Australia, 7Plus Brazil, RDS Germany, DAZN Mexico

Matthew Perry, the beloved actor who starred as Chandler Bing on “Friends,” has died. “We are devastated by the passing of our dear friend Matthew Perry. Matthew Perry at the 2022 GQ Men Of The Year Party on November 17, 2022 in West Hollywood, California. (l-r) Matt LeBlanc, Lisa Kudrow, David Schwimmer, Matthew Perry (second row) Courteney Cox and Jennifer Aniston. Reisig & Taylor/NBCU Photo Bank/Getty ImagesOn “Friends,” Perry starred alongside Courteney Cox, Matt LeBlanc, David Schwimmer, Jennifer Aniston and Lisa Kudrow in the comedy about a tight knit group of friends living in New York City.

Persons: Matthew Perry, Chandler Bing, ”, Perry, Matthew, Warner, Brian Humphrey, Humphrey, Gregg DeGuire, Perry’s, Robert ”, “ Charles, Tracey Ullman, Jimmy Reardon, ’, Chandler, Joe Quincy, Matt LeBlanc, Lisa Kudrow, David Schwimmer, Courteney Cox, Jennifer Aniston, Reisig, ” Perry, Doctors, “, haven’t, ’ ”, ” Matthew Perry, Mark J, Terrill, Molly Hurwitz, Molly, Matthew Perry’s, ” Maggie Wheeler, Chandler’s, Janice, Mathew Perry, ” Selma Blair, Matty, ” Michael Rapaport, Gary, Yvette Nicole Brown, Perry “ Organizations: Police, CNN, Los Angeles Times, Warner Bros . Television Group, ” Los Angeles Fire Department, Party, Getty, Warner Bros . Television, Warner Bros ., NBCU, Bank, Perry’s, “, CBC Locations: Los Angeles, West Hollywood , California, Williamstown , Massachusetts, Ottawa, Canada, Beverly Hills, New York City, Pasadena , California, American

☆ Analyzing the market sell-off: Routine S&P 500 correction or something more serious?
▼ + stars: | 2023-10-28 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

.SPX YTD mountain S & P 500, YTD The S & P 500 is also down 10% over the past two years and at a level first reached 30 months ago, with U.S. GDP now 18% larger than it was then and annualized earnings 10% higher. This places the S & P 500 at around 17 times forward earnings, roughly the past decade's average. The equal-weight S & P is near a 14 multiple and the equal-weight consumer discretionary sector is under 13, near the 2022 low P/E. Bank of America equity and quantitative strategist Savita Subramanian points out that "Consensus long-term growth expectations for S & P 500 earnings have dropped to record lows, a rather powerful contrary indicator." Yes, market breadth is lousy, the equal-weight S & P 500 less than 5% above the October 2022 low, but this is also how markets look when they're getting "sold out."

Persons: it's, Goldman Sachs, It's, Savita Subramanian, Stocks Organizations: Federal Reserve, U.S, Bank of America Locations: Israel, Iraq

ARLINGTON, Texas (AP) — Former President George W. Bush threw out the ceremonial first pitch before Game 1 of the World Series to former Texas Rangers catcher Iván “Pudge” Rodriguez, bouncing the throw from the front of the mound. When he was president, Bush famously threw out the first pitch of the first World Series game in New York after 9/11 terrorist attacks, making that toss from the rubber without a bounce. “Well, this is Texas,” Jeter said Friday in a brief interview from the tunnel behind the Texas dugout on the first-base side. Rodriguez was still playing the last time the Rangers reached the World Series in 2010 and 2011. They paired up before Game 4 of the 2010 World Series in Arlington, Texas, and Game 5 in Houston in 2017.

Persons: George W, Bush, Iván “ Pudge ” Rodriguez, Derek Jeter, Jeter, “, ” Jeter, ” Bush, of Famer Rodriguez, Rodriguez, Star, George H.W, George H.W . Bush, ___ Organizations: Texas Rangers, Rangers, Arizona Diamondbacks, Yankees, of Famer Locations: ARLINGTON , Texas, Bush, Texas, New York, George H.W ., Arlington , Texas, Houston, Dallas

☆ China's Sept industrial profits extend gains helped by policy support
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Gabriel Crossley/File Photo Acquire Licensing RightsBEIJING, Oct 27 (Reuters) - Profits at China's industrial firms extended gains for a second month in September, adding to signs of a stabilising economy as the authorities launched a burst of supportive policy measures. For the first nine months, profits slid 9% from a year earlier, narrowing from a 11.7% decline in the first eight months, data from the National Bureau of Statistics (NBS) showed on Friday. A fall in producer prices last month indicated that some industrial firms were still cutting prices to promote sales, putting a drag on overall industrial revenues and profits, Zhou said. The improvement in industrial profits is expected to sustain in the coming months, partly due to the lag effect in domestic macro pump-priming, he added. Industrial profit numbers cover firms with annual revenues of at least 20 million yuan ($2.73 million) from their main operations.

Persons: Gabriel Crossley, Yu Weining, Zhou Maohua, Zhou, Pan Gongsheng, Qiaoyi Li, Ryan Woo, Jacqueline Wong Organizations: II, REUTERS, Rights, National Bureau of Statistics, Graphics, NBS, China Everbright Bank, Thomson Locations: Jiujiang, Jiangxi province, China, Rights BEIJING

☆ Here are the most oversold stocks due for a bounce following the market's tough week
▼ + stars: | 2023-10-27 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

The Nasdaq and the S & P 500 are each on pace for declines of about 2.5%. Some stocks hit by this week's losses have become oversold — and could be due for a bounce. Align Technology , another company that has taken a heavy beating to its stock price this week, could also be due for a comeback, based on analysts' price targets. The company's third-quarter results fell short of analysts' expectations , and a slate of analysts cut their price targets following the release. Analysts covering the stock forecast a 4.6% upside for the company's stock price, and less than 30% rate it a buy.

Persons: bode, Kevin Caliendo, Tesla, Henry Schein, Lockheed Martin, RTX, Greg Hayes, — CNBC's Michael Bloom Organizations: Tesla, Moderna, Nasdaq, Dow Jones, CNBC, Technology, UBS, Southwest Airlines, Aerospace, Lockheed, Dollar, Dwight, Marathon Oil, Allstate Locations: Covid, Ukraine, Israel

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