George Noorey

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George Noorey

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As Fed members go into their media "blackout" period, Earnings take center stage and will be the primary catalyst for market movement this week, with a big run of quarterly results led by tech companies and industrial names. Set to report are Amazon, Google, and Facebook as well as Boeing, Caterpillar, United Technologies, and Lockheed Martin.  With 80 companies reporting so far, earnings growth has been 1%, weak, albeit above expectations.  (Refinitiv)


The Lion King became Disney's fifth blockbuster of 2019 over the weekend, with the digital remake grossing an eye-popping $185M at the domestic box office, and collecting $531M so far (after opening early in China). Another record on Sunday saw Marvel's Avengers: Endgame become the highest-grossing film of all time, topping 2009's Avatar with $2.79B. Disney has now earned more than $18.2B at the global box office from Marvel movies since buying the company in 2009. (SA)


Equifax is nearing an agreement to pay $700M to settle privacy claims stemming from a 2017 data breach that exposed Social Security numbers and other sensitive personal information of nearly 150M people, WSJ reports. The payments would go to the Federal Trade Commission, the Consumer Financial Protection Bureau and most states, resolving a nationwide consumer class action lawsuit. The hack forced big changes at Equifax, leading to the resignation of its long-serving CEO, and prompting intense scrutiny from lawmakers.  (WSJ)

 

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Josh Fenili.

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