Boeing shares are rising this morning as the company reported strong third-quarter earnings on the back of a robust defense business and more efficient commercial aircraft production. The company also raised its 2018 earnings forecast, in what looks to be a record year for revenue. The aerospace giant reported adjusted earnings of $3.58 a share, topping Wall Street expectations by 11 cents. Third quarter revenue came in at $25.15 billion, which was over $1 billion more than analysts' forecast. (CNBC)
Apple is planning to launch its upcoming TV subscription service in more than 100 countries, pushing into more markets of competitors Netflix and Amazon. The service could debut in the U.S. early next year, with the global rollout coming in the following months, according to The Information. Apple device owners will get free access to the company's original programs. (SA)
October is famed for sudden eruptions of equity woe, but the current version is playing out in slow-motion style. Japan is down almost 9 per cent and China off 7.5 per cent, while Europe's Stoxx 600 index has slid 7.6 per cent and today sits at its lowest point since late 2016. In the US, the S&P 500 is not that far from erasing its gains for the year, while global equities are on course for their worst month since May 2012, when fears of a global slowdown and the eurozone debt crisis delivered a punch across the jaws of investors. (FT)
S&P 500 futures are down 4, and NASDAQ futures are up 3. The MSCI international index is up less than a 1/10 of a%.
Oil is up $.25 at $66.68 a barrel.
Gold is down $7 at $1230 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Josh Fenili.