Week Ahead 2-Year 2.8103 3 /32 5-Year 2.9122 10 /32 Pricey Iphones

MARKET RECAP at 4 pm ET Coming Up-On Monday Wall Street fell, weighed by disappointing Mondelez International Inc is expected September from 0.3 percent in August. earnings by Amazon and Alphabet. to post a fall in third-quarter revenue, Tumbling equity markets boosted demand hurt by lower demand for its cookies and Federal Reserve Bank of Chicago President for safe-haven Treasuries and gold, while snacks in Europe and Latin America. Charles Evans makes opening remarks at the dollar fell. Oil prices rose, supported Investors will look out for more details on the Sixth Annual Summit on Regional by expectations that sanctions on Iran the recent strategic changes introduced Competitiveness, in Chicago. would tighten global supplies. by Chief Executive Dirk Van de Put, including investments in e-commerce, to Boeing Co is hosting a two-day conference STOCKS Close Chng %Chng Yr-high Yr-low drive sales as well as comments on trade with U.S. suppliers at the Lynnwood DJIA 24688.18 -296.37 -1.19 26951.81 23242.75 and tariffs impact. Convention Center, north of Seattle. Nasdaq 7167.21 -151.12 -2.07 8133.30 6630.67 S&P 500 2658.56 -47.01 -1.74 2940.91 2532.69 U.S. consumer spending is expected to LIVECHAT - FUND FLOWS Toronto 14888.26 -35.82 -0.24 16586.46 14785.78 have grown at an annualized rate of 0.4 Lipper analysts discuss sectoral churn and FTSE 6939.56 -64.54 -0.92 7903.50 6866.94 percent in September. Core PCE index is indications of where the smart money is Eurofirst 1386.66 -11.38 -0.81 1587.95 1375.84 forecast edging up 0.1 percent. Personal headed. (0800 ET/1200 GMT) To join the Nikkei 21184.60 -84.13 -0.40 24448.07 20347.49 income will likely edge up 0.4 percent in Global Markets Forum, click here Hang Seng 24717.63 -276.83 -1.11 33484.08 24653.79

TREASURIES Yield Price 10-year 3.0793 15 /32 Coming Up– Week Ahead 2-year 2.8103 3 /32 5-year 2.9122 10 /32 pricey iPhones. Separately, Apple on 30-year 3.3159 18 /32 Tuesday is holding an event at the Brooklyn Academy of Music Howard FOREX Last % Chng Gilman Opera House in New York City

Euro/Dollar 1.1416 0.37 where the company is expected to unveil Dollar/Yen 111.78 -0.55 new iPads, Mac computers and other new Sterling/Dollar 1.2836 0.16 products. Dollar/CAD 1.3083 0.11 TR/HKEX RMB 92.76 -0.07 REUTERS/Stefano Rellandini Facebook Inc is expected to report a rise in third-quarter revenue on Tuesday, COMMODITIES ($) Price Chng % chng Apple Inc is expected to report a rise in helped by the social media giant's mobile

Front Month Crude /barrel 67.67 0.34 0.50 revenue and profit for the fourth-quarter ad business. Analysts and investors would Spot gold (NY/oz) 1233.16 1.56 0.13 on Thursday, helped by demand for its focus on the fallout from its recent Copper U.S. (front month/lb) 0.0274 0.0000 -0.07 Reuters/CRB Index Total Return 201.72 0.75 0.37

KEY ECONOMIC EVENTS S&P 500 Price $ Chng % Chng Events ET Poll Prior GAINERS Roper Technologies Inc 285.38 20.04 7.55 Personal consumption real mm for Sep 0830 -- 0.2 pct Cabot Oil & Gas Corp 22.92 1.52 7.10 Personal income mm for Sep 0830 0.4 pct 0.3 pct Cincinnati Financial Corp 76.50 4.75 6.62 Resmed Inc 104.10 5.60 5.69 Consumption, adjusted mm for Sep 0830 0.4 pct 0.3 pct LOSERS Core PCE price index mm for Sep 0830 0.1 pct 0 pct Mohawk Industries Inc 115.03 -36.04 -23.86 Core PCE price index yy for Sep 0830 2 pct 2 pct Western Digital Corp 44.19 -9.82 -18.18 SVB Financial Group 231.79 -32.13 -12.17 PCE price index mm for Sep 0830 -- 0.1 pct Fortune Brands Home & Security 41.58 -5.19 -11.10 PCE price index yy for Sep 0830 -- 2.2 pct Inc

controversies, including the data hack that September’s data. The U.S. trade deficitis The Bank of Japan concludes its two-day involved millions of Facebook accounts. expected to widen to $53.7 billion in policy meeting on Wednesday. The Bank of September, compared with August’s Japan is widely expected to keep monetary Alibaba Group Holding Ltd will report reading of $53.2 billion, when the Census settings unchanged and roughly maintain earnings for its second-quarter on Friday. bureau releases report on Friday. U.S. its inflation and growth projections, even It is investing heavily in offline commerce Conference Board, on Tuesday, is expected as trade frictions and market volatility and cloud computing amid wider fears to report that consumer confidence index cloud prospects for achieving its elusive that growth rates in China's e-commerce fell to 136.0 in October, from September’s two percent inflation target. BoJ Governor consumption are slowing, especially in the reading of 138.4. ADP national Haruhiko Kuroda will hold a news country's large eastern cities. employment report, to be released on conference after the policy decision. Wednesday, will likely show private On Friday, Exxon Mobil Corp discloses payrolls advancing by 187,000 in October Kraft Heinz Co is expected to report a third-quarter earnings for a period in which following a rise of 230,000 jobs in decline in third-quarter sales and earnings crude oil prices have traded at the highest September. On Thursday, data from on Thursday. The maker of Philadelphia level since the 2014 oil-price collapse. On Commerce department is expected to cream cheese and Tater Tots, which has the same day, Chevron Corp will also show initial claims for state been hurt by U.S. trade tensions and rising report third-quarter results. unemployment benefits decreased 2,000 input costs, said that it would sell part of to a seasonally adjusted 213,000 for the its Indian business. Berkshire Hathaway Inc is expected to week ended October 27. The Institute for report third-quarter results on Saturday. Supply Management's report, on Thursday, eBay Inc is expected to report a rise in is likely to show its national factory revenue for the third-quarter on Tuesday, Coca-Cola Co is expected to post a rise in activity index falling to 59.0 in October, helped by more advertising on its platform third-quarter profit and organic revenue on from 59.8 the previous month. Markit and a better user-friendly format. Tuesday, helped by higher sales in North manufacturing PMI and construction America and demand for Diet Coke and spending numbers are also due for Yum! Brands Inc, the operator of fast food Coca-Cola Zero Sugar. Investors will be release on Thursday. Report from chains such as Pizza Hut and Taco Bell, is keeping an eye on the impact of higher Commerce Department, on Friday, will expected to post a rise in comparable freight costs and the company's full-year likely show new orders for U.S.-made restaurant sales for the third-quarter on revenue forecast. goods came down to 0.4 percent in Wednesday, helped by higher sales in its KFC restaurants. The company, which is in On Tuesday, General Electric Co is the process of transforming its business, expected to cut financial targets for the has been trying to battle intense year and detail a nearly $23-billion write- competition from other restaurants, food down in its troubled power division. GE retailers. badly missed its earnings a year ago and also cut its full-year forecast. This time, Cereal maker Kellogg Co is expected to analysts estimate GE made 88 cents a report a rise in revenue for the third- share in adjusted earnings, up from 29 quarter on Wednesday, boosted by cents a year ago. Baker Hughes A GE Co REUTERS/Mike Blake acquisitions of smaller snack brands like also reports results for its third-quarter on RXBAR. However, higher commodity and Tuesday. transportation costs may weigh on the September from 2.3 percent in August. company's profit margins. General Motors Co is due to report third- On Thursday, Starbucks Corp is expected quarter earnings on Wednesday. to post its biggest growth in same-store Mastercard Inc is expected to report sales in over a year as the company puts higher third-quarterly profit on Tuesday in Nonfarm payrolls data, to be announced past troubles in its home turf as well as line with peers, helped by a strengthening on Friday, is expected to show the payroll China, banking on a loyal fan base across U.S. economy, and higher credit and debit- figures up at 190,000 in October from geographies. Starbucks' closely monitored card spending. Mastercard's rivals, 134,000. Labor Department's monthly digital membership program is also American Express and Visa, have posted unemployment report will likely show that expected to rise. Investors and analysts will an increase in profit in the latest quarter. unemployment rate in October remained be looking out for management unchanged at 3.7 percent, compared with commentary on their forecast for 2019.

Teva Pharmaceutical Industries Ltd will aesthetics products and a delay in MetLife's progress toward its goal of report third-quarter earnings on Thursday. expected competition for its eye disease saving $800 million in expenses by 2020 The company received FDA approval in treatment Restasis. Investors will look out and whether a gradual rise in U.S. interest September for its long-awaited treatment for updates on a planned divestiture of rates are boosting the industry's bottom for migraines and investors will be looking certain units and focus on any updates on line. to hear details about the launch. Heavily Allergan’s product pipeline. Amgen Inc indebted Teva has been counting on its reports third-quarter earnings on the Under Armour Inc is expected to report a migraine treatment to revive its fortunes. rise in sales for the third-quarter on Tuesday, boosted by expansions in Pfizer Inc will report third-quarter international markets. Wall Street will also earnings on Tuesday. Investors will be keen look to see if the company can maintain a to get a glimpse of the company's business turnaround in U.S. sales after it reported development strategy going forward, as its first rise in revenue in its home market well as updates on the company's cancer in four quarters earlier this year. drug franchise, including blockbuster Ibrance. Estee Lauder Companies Inc is expected to post a rise in first-quarter sales on Cigna Corp, which gained U.S. antitrust REUTERS/Shannon Stapleton Wednesday, helped by strong demand for approval for its acquisition of pharmacy its skincare and makeup products such as benefits manager Express Scripts last same day. Clinique and M.A.C, particularly in month, is expected to report a higher CBS Corp is expected to report a rise in emerging markets. Investors will look for quarterly profit on Thursday. Investors will third-quarterly profit helped by healthy ad comments on demand in China, and travel focus on the health insurer's progress in sales and higher revenue from affiliate and retail. Meanwhile, Avon Products Inc is closing the Express Scripts deal, growth in subscription fees on Thursday. The New expected to post a fall in third-quarter members, and comments on medical costs York Times Co is expected to post a rise in revenue and profit on Thursday, as it for its corporate customers. Separately, its third-quarter profit on the same day, continues to see lower demand in Latin Express Scripts Holding Co will report its driven by growth in the newspaper America, its biggest market. Investors will third-quarter results on Wednesday. publisher's online subscriptions. look out for more details on its recently Aetna Inc reports third-quarter results on announced cost-cutting initiatives and Tuesday. Sprint Corp is expected to report a wider investment plans to drive sales. second-quarterly loss on Wednesday, as it Analysts are bullish on Anthem Inc and added less wireless subscribers who pay a Cboe Global Markets Inc is expected to expect the second largest insurer in the monthly bill. T-Mobile US Inc is expected report higher third-quarter net income on United States to report a higher third- to report a rise in third-quarter profit, as Friday, helped by a fall in operating quarter profit on Wednesday, helped by the third-largest U.S. wireless carrier expenses. Investors will be looking to see lower medical costs, and acquisitions of gained more customers, helped by its how the company performed in a highly smaller insurer America's 1st Choice and lower prices. volatile quarter. Separately, Aspire Health earlier in the year. Intercontinental Exchange Inc, owner of American International Group Inc will the New York Stock Exchange, is expected AbbVie Inc will post third-quarter results report third quarter results after larger- to report a rise in third-quarter profit on on Friday. Shares of the company have than-expected disaster losses. Analysts Wednesday, helped by a boost in its data taken a hit over the past few months as are waiting to learn whether AIG will and listings business. copycat versions of its bestselling drug possibly break-even when the insurer Humira were launched in Europe. Investors reports its earnings on Wednesday. The Antivirus software maker, Symantec Corp, will watch for comments from results follow AIG's recent estimate of as is expected to report a drop in second- management about deal-making and its much as $1.7 billion in catastrophe losses quarter revenue on Thursday, hurt by long-term plan to reduce reliance on for the quarter, far exceeding analysts' weaker demand from companies. Humira. expectations. Canada’s gross domestic product data for Allergan plc is expected to report a Insurer MetLife Inc reports its third- August is likely to be released on smaller third-quarter loss on Tuesday, quarter results after market close on Wednesday. Canada's economy grew by a helped by demand for its medical Thursday as investors await word about stronger-than-expected 0.2 percent in

July. Producer prices for September is also expected on the day. Statistics Canada on Friday will release employment data for October. They had reported a gain of 63,300 jobs in September. Trade balance data is also due on Friday.

Bank of Canada Governor Stephen Poloz will testify to the House of Commons on Tuesday and the Senate on Wednesday, about the bank's most recent economic forecasts as well as the Oct. 24 decision to raise interest rates. The central bank says the economy is working at full capacity and no longer needs stimulus.

Canadian pipeline operator TransCanada Corp will report third-quarter results before markets open on Thursday. The company, which just moved ahead with a major gas pipeline, is expected to provide Uber's logo is pictured at its office in Tokyo, Japan, November 27, 2017. REUTERS/Kim Kyung-Hoon an update on its long-delayed Keystone XL Investors will look for comments on impact Uber Technologies Inc heads to a British crude oil pipeline. from tariffs on Arconic's financial court on Tuesday to defend its business

operations and updates on potential model of treating its drivers as self- HollyFrontier Corp is expected to post a buyout offers the company has reportedly employed, entitling them to few rights in higher third-quarterly profit on received from private equity firms. law. A march backed by several trade Wednesday, benefiting from a steep unions and involving cleaners, discount for Canadian heavy crude, which Federal Reserve Board holds an open receptionists and security officers is due to is its core raw material. Investors will be meeting on Wednesday to discuss take place in central London. looking for any comments on global oil proposed rules that would modify the prices. enhanced prudential standard framework Brazil's central bank will release its

for large banking organizations, in interest rate decision on Wednesday. They Spirit AeroSystems Holdings Inc, Washington. On Friday, Federal Reserve had earlier held rates at 6.50 percent. On Boeing's biggest supplier is expected to Bank of Philadelphia President Patrick Thursday, industrial production data for report higher profit and revenue for the Harker speaks on "Workforce Investment September is likely to be released. It fell third-quarter on Wednesday, helped by by Sector" before the Investing in 0.3 percent in August. Manufacturing increased demand for aircraft parts, amid America's Workforce Book Launch, in New activity data and trade balance data is booming air travel. Investors will look for York. also expected on the day. Peru’s inflation comments on potential impact on Spirit data for October is due to be released on AeroSystems' operations from tariffs and On Wednesday, the U.S. Supreme Court Friday. The consumer price index rose 0.19 an update on supply chain problems, hears arguments in a privacy settlement percent in September. The IHS Markit which caused some delays in delivery of dispute involving Google that could put Mexico Manufacturing Purchasing parts. the brakes on an increasingly common Managers' Index data for October is due

form of settlement in class action suits on Thursday. It had risen to 51.7 in Aluminum products maker, Arconic Inc, is that funnels money to unrelated third September. Chilean manufacturing expected to report higher profit and parties and charities instead of to people production data is expected on revenue for the third-quarter on Tuesday, affected by the alleged wrongdoing. Wednesday. helped by increased sales of aircraft parts.

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Stocks sold off further and the S&P 500 flirted with correction territory as disappointing results punished technology and internet shares. Data earlier in the day showed the U.S. economy continued to grow at a healthy pace, offering some support. U.S. gross domestic product growth slowed less than expected in the third quarter as a tariff-related drop in soybean exports was partially offset by the strongest consumer spending in nearly four years and a surge in inventory investment. Amazon Inc and Alphabet Inc that closed down 7.82 percent and 1.80 percent respectively, helped power the equity markets decade-long bull run. The Dow Jones Industrial Average was down 1.19 percent at 24,688.31, the S&P 500 lost 1.74 percent, to 2,658.57 and the Nasdaq Composite was down 2.07 percent, at 7,167.21. For the week, Dow lost 2.97 percent, the S&P 500 fell 4.03 REUTERS/Brendan McDermid percent, while Nasdaq shed 3.78 percent. A file photo of a trader working on the floor of the New York Stock Exchange in New York, U.S., October 19.

Treasury yields dropped as stocks sank in While a strong currency benefits U.S. Gold rose to a more than three-month volatile trading, boosting demand for safe- assets, it also raises the cost of imports peak as investors rushed to the safety of haven government debt. Treasuries have and exports, which can slow growth. The bullion as stock markets around the globe largely moved in lock-step with stocks this dollar index fell 0.39 percent to 96.30. plunged. "With the extreme slide in stocks, week, with yields rising and falling with The euro rose 0.37 percent against the gold became a temporary safe haven. But equity prices. “It’s a global flight to safety," greenback to $1.1416. event driven rallies don't last long and the said Collin Martin, director, fixed income, metal pared gains as stocks gave up some at the Schwab Center for Financial Oil prices rose, supported by expectations losses," said George Gero, managing Research in New York. “At this point, the that sanctions on Iran would tighten global director at RBC Wealth Management. rout in equities and broader deterioration supplies, but futures posted a weekly drop Rising rates are normally negative for gold in risk sentiment seems to be the primary as a slump in stock markets and concerns because they increase the opportunity cost driver of the rally in Treasuries,” said about trade wars clouded the fuel demand of holding non-yielding bullion and could Jonathan Cohn, an interest rate strategist outlook. Prices got some support when boost the dollar, in which gold is priced. at Credit Suisse in New York. The 10-year two sources said Iraq will stop trucking Investor flows into bullion, considered a notes were up 15/32, yielding 3.08 crude oil from its northern Kirkuk oil field safe store of value during times of percent. The 30-year bonds rose 18/32, to Iran in November to comply with U.S. financial, economic and geopolitical yielding 3.32 percent. Two-year notes sanctions. Washington has said it wants to uncertainty, can be seen by the rise in were up 3/32, with the yield of 2.81 reduce Iranian oil sales to zero, although holdings of physically-backed exchange percent. this looks unlikely. Still, many buyers, traded products. Spot gold rose 0.13 including Iran's biggest customer, China, percent to $1,233.16 an ounce, having The U.S. dollar followed Wall Street lower, appear to be falling in line, forcing Tehran earlier gained nearly 1 percent to falling from the two-month high hit earlier to store unsold oil on tankers. A global $1,243.32, its highest since mid-July. U.S. in the day after news of stronger-than- collapse in equities has weighed on oil gold futures were up 0.31 percent, at expected third-quarter gross domestic markets. Brent crude futures rose 1.13 $1,236.20. product. The exchange of tariffs between percent, to $77.76 a barrel. U.S. West the United States and China has lifted the Texas Intermediate crude futures rose value of the dollar, which serves as a safe 0.53 percent, to $67.69 a barrel. haven in times of geopolitical turmoil.

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Weak Amazon, Alphabet results ignite autonomous and ride-sharing vehicles. GM for the Model 3, seen as crucial to its growth worries has said it plans to offer 20 EVs globally by profitability and ability to be a high- Shares of Amazon.com dropped by the 2023. volume car manufacturer. most in four years after its outlook for holiday season sales missed targets, Tesla says has not received subpoena on Sears directors tap Evercore to examine fanning concerns that Wall Street's tech Model 3 production former CEO Lampert's deals -sources darlings are finally starting to face Tesla has not received a subpoena from Two Sears Holdings board directors have stronger competition. The third-quarter the U.S. Department of Justice related to hired investment bank Evercore to results were the second time running that its forecast for Model 3 production, the scrutinize deals that were led by former billionaire Jeff Bezos' firm had fallen short carmaker said, after a report that the Sears Chief Executive Eddie Lampert with of sales targets and, allied to a similar company was facing a deepening criminal the U.S. retailer before it filed for disappointment from Alphabet, they sent a probe about the projections. The company bankruptcy protection, people familiar with shockwave through stock markets. There received a voluntary request for documents the matter said. The deals, including were no ratings downgrades from the Wall from the DoJ and was cooperative in separations of Sears' businesses and real Street analysts who have almost responding to it, a Tesla spokesperson estate, may come under examination in universally backed the companies' long- said. "We have not received a subpoena, a bankruptcy proceedings, with creditors term prospects but several said there were request for testimony, or any other formal claiming the transactions stripped the signs that both were beginning to face process, and there have been no additional retailer of valuable assets. Billionaire tougher competition from tech peers as document requests about this from the Lampert is the largest shareholder and well as the retail companies Amazon has Department of Justice for months," the creditor of Sears through his hedge fund, bullied in recent years. The fall of as much spokesperson said. The Federal Bureau of ESL Investments Inc. "ESL supported the as 10 percent in shares knocked more than Investigation is examining whether Tesla board's decision to authorize the review," a $87 billion off Amazon's market value and misstated information about the spokesman for Lampert's hedge fund said. relegated it behind Microsoft and Apple in production of its Model 3 sedans and "These types of analyses are customary terms of market value. Revenue from misled investors about its business going and ESL is confident that the Amazon's international business, which back to early 2017, the Wall Street Journal subcommittee will confirm that the brings in 27.5 percent of total sales, was at reported. The news comes as Tesla Chief transactions involving ESL were on fair and the heart of the shortfall in results, growth Executive Officer Elon Musk faces pressure reasonable terms and approved under halving to 13.4 percent compared to the to deliver consistent production numbers appropriate corporate governance previous quarter. Shares of Amazon ended down 7.82 percent at $1,642.81.

GM wants Trump administration to back national electric vehicle program General Motors said it wants the Trump administration to back a nationwide program to boost sales of zero emission vehicles like electric cars, even as the government has proposed ending California's ability to require more clean vehicles. GM says a nationwide program modeled on California's effort could result in 7 million electric vehicles, or EVs, on U.S. roads by 2030. The largest U.S. automaker said the requirements would not apply if "battery cost or infrastructure targets are not practicable within the time frame." A national mandate also would create jobs and reduce fuel consumption, CO2 emissions and "make EVs more affordable," Reuss added. GM also wants the program to offer incentives for electric A Cruise self-driving car, which is owned by General Motors Corp, outside the company’s headquarters in San Francisco, in California, U.S., September 26. REUTERS/Heather Somerville

procedures." In addition to the directors, total, the removed accounts attracted U.S. crude. On an adjusted basis, earnings Lampert will also likely face probing from more than 1 million followers. The Iran- from the company's refining business, its Sears' unsecured creditors' committee, a linked posts were amplified through less biggest, rose 75 percent to $959 million group selected by a government than $100 in advertising on Facebook and while realized refining margins rose to bankruptcy watchdog in most cases, the Instagram, Facebook said. While the $13.36 per barrel compared with $10.49 sources said. accounts originated in Iran, it was unclear per barrel, a year earlier. Consolidated if they were linked to the Tehran earnings rose to $1.49 billion from $823 Snap shares sink as two million users government, according to Facebook, which million. The company's adjusted earnings move on shared the information with researchers, rose to $1.46 billion, or $3.10 per share, Snap shares plunged after the Snapchat- other technology companies and the from $858 million, or $1.66 per share, a owner posted its second straight quarter of British and U.S. governments. year earlier. Analysts on average had user losses and forecast further declines, a expected the company to earn $2.48 per boost for Facebook's Instagram ahead of Trump suggests Twitter is biased share on an adjusted basis, according to its results next week. At least four Wall against him, provides no evidence Refinitiv data. Street analysts cut their price target as U.S. President Donald Trump suggested Snap's much-criticized app redesign that Twitter was biased against him and Charter signs up more internet continued to weigh on daily active user accused the social media company of subscribers than expected numbers (DAU), particularly in Europe and deleting many of his followers and making Charter Communications said it added the U.S. Its 186 million users in the third it harder for users to follow him, without more internet subscribers than Wall Street quarter compares to the Facebook-owned providing evidence. "Twitter has removed analysts had projected for the third app's more than 1 billion. "We believe that many people from my account and, more quarter, making up for a drop in video Instagram is much more penetrated in importantly, they have seemingly done subscribers that was less severe than these demographics, and it will be something that makes it much harder to expected. The company added 266,000 challenging for Snap to pull users away join - they have stifled growth to a point residential internet customers in the third from Instagram," JP Morgan analyst Doug where it is obvious to all. A few weeks ago quarter, above the consensus estimate of Anmuth wrote in a note. Snap's DAUs have it was a Rocket Ship, now it is a Blimp! 234,000, according to research firm now declined by five million since the first Total Bias?" Trump tweeted. Any reduction FactSet. Charter reported a loss of 66,000 quarter, which the company blamed is likely the result of Twitter's recent moves residential video customers in the quarter, mainly on the Android app rollout. With to remove millions of suspicious accounts well below the 104,000 it lost last year. the company anticipating further declines, after it and other social media services Analysts had forecast a loss of 85,000 Jefferies analyst Brent Thill fears these were used in misinformation campaigns video subscribers. Net income attributable losses could spill over to 2019. Shares of attempting to influence voters in the 2016 to shareholders was $493 million, or $2.11 the company closed 10.16 percent lower at U.S. presidential race and other elections. cents per share, compared with $48 $6.28. Trump lost 204,000, or 0.4 percent, of his million, or 19 cents per share, a year earlier. 53.4 million followers in July when Twitter Total revenue rose 4.1 percent to $10.89 Facebook removes fake accounts tied to started its purge of suspicious accounts, billion from $10.46 billion. Analysts had Iran that lured over 1 million followers according to social media data firm expected the company to report revenue of Facebook said it had deleted accounts Keyhole. The account purge has benefited $10.94 billion, according to Refinitiv data. originating in Iran that attracted more than Twitter financially, as advertisers will pay 1 million U.S. and British followers, its more to connect with authentic users than Richemont, Alibaba join forces in latest effort to combat disinformation automated accounts. China's online luxury market activity on its platform. The fake Facebook Richemont is teaming up with Alibaba to accounts originating in Iran mostly U.S refiner Phillips 66's profit beats on try to crack China's online shopping targeted American liberals, according to higher refining margins market, potentially a major growth driver the Atlantic Council's Digital Forensic Phillips 66 beat analysts' estimates for for luxury firms but which has proven Research Lab, a thinktank that works with third-quarter profit, as it benefited from difficult to tackle for outsiders going it Facebook to study propaganda online. higher refining margins. Margins for most alone. The partnership will feature Facebook said it removed 82 pages, independent U.S. refiners, which processes offerings of Yoox Net-a-Porter Group groups and accounts on Facebook and heavy crude from countries such as (YNAP), the online retailer now fully- Instagram that represented themselves as Venezuela and Canada to diesel, gasoline owned by Switzerland's Richemont, to being American or British citizens, then and other products, have been boosted as Chinese consumers, the companies said. posted on "politically charged" topics such U.S. crude's discount to Brent widened to YNAP and Alibaba, will launch mobile as race relations, opposition to U.S. more than $10 a barrel. The spread has apps in the country for the multi-brand President Donald Trump and immigration, widened on transportation constraints, Net-a-Porter store and men's fashion Facebook's head of cybersecurity policy, that has made Canada's oil cheaper than specialist Mr Porter under a joint venture. Nathaniel Gleicher, said in a blog post. In

A van with windows covered in pro-Trump and anti-Democrat stickers, which was apprehended on October 26, 2018 during an investigation into a series of parcel bombs, is seen in Hollywood, Florida, U.S., April 6, 2018. REUTERS/Geo Rodriguez

Insight and Analysis Hog industry worldwide getting jobs from a crippling combination of rising quarter, analysts said. slaughtered in trade war feed costs and sinking pig prices. The dueling salvos of the U.S.-China trade Trade retaliations against the U.S. hit war are landing particularly hard on the PREVIEW-Long-term care policies loom Canada farmers, too pork industries of both nations – and over U.S. life insurance results The United States' trade wars have spraying shrapnel that has damaged other Big U.S. life insurers are bracing for allowed Canada's agriculture industry to major pork exporters such as Brazil, elevated payouts to owners of long-term pump up sales of soybeans and wheat to Canada and top European producers. In care policies, which cover expenses like China, and pork to Mexico. But the same contrast to many industries that trade war assisted living for infirmed and elderly tariff battles are undermining commodity has divided into winners and losers, the customers. Insurers that have long-term prices and eating into Canadian farmers' world’s pork farmers and processors are care businesses likely set aside more funds profit margins even as they grab more almost universally shedding profits and for claims on older policies during the third market share.

Market Monitor COMING UP-ON MONDAY No major events are scheduled. said he thinks Canada and the United States will resolve metals tariffs issue "sooner rather than later".

The Toronto Stock Exchange's S&P/TSX composite index ended down 0.24 percent, at 14,888.26. TSE's S&P/TSX composite Price C$ chng % chng

GAINERS The TSX energy sector rose 0.38 percent Aecon Group Inc 18.17 1.93 11.88 REUTERS/Chris Helgren at 168.95. The financial sector slipped First Quantum Minerals Ltd 11.70 0.77 7.04 0.48 percent to 282.64 and the industrial Trican Well Service Ltd 1.86 0.12 6.90 Lundin Mining Corp 5.25 0.31 6.28 Canada's main stock index dipped, sector closed up 0.27 percent at 243.69. Goldcorp Inc 11.58 0.49 4.42 mirroring a slump in global stocks as LOSERS anxiety over corporate profits added to The U.S. dollar was up 0.11 percent Canfor Corp 19.04 -1.45 -7.08 fears about global trade and economic against its Canadian counterpart at Bombardier Inc 3.09 -0.22 -6.65 growth. TSX stocks pared losses slightly C$1.3083. Eldorado Gold Corp 0.98 -0.06 -5.77 after Canadian ambassador to Washington Winpak Ltd 43.86 -2.41 -5.21 Aphria Inc 15.45 -0.77 -4.75

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Canada posts budget surplus in first five Canada's U.S. envoy says tariffs dispute on a wide range of U.S. goods. The leaders months of 2018-19 will be settled soon of the three nations are due to sign the Canada recorded a budget surplus of Canada's ambassador to Washington new United States-Mexico-Canada trade C$2.56 billion in the first five months of struck an optimistic tone over a dispute agreement at a Group of 20 summit in the 2018-19 fiscal year compared to a with the United States over steel and Argentina that starts at the end of C$2.91 billion deficit in the same period a aluminum tariffs, saying he thought both November. year earlier, the finance ministry said. sides would resolve their differences Revenues jumped by 8.0 percent in the "sooner rather than later." David EVS says it does not know plans of rival April-August period, reflecting a greater MacNaughton made his remarks to a and shareholder Evertz intake from taxes and employment business audience in the Ontario town of Belgian broadcast and video technology insurance premiums. Program expenses Niagara-on-the-Lake. Canadian officials company EVS Group does not know what increased by 2.9 percent. While the said they were downbeat about the Canadian rival Evertz plans to do after finance ministry statement did not chances of a quick solution. The Trump taking a 3 percent stake in EVS this week, include a line that was in the July administration imposed the tariffs on the Belgian company's chief told Belgian statement, which said the results of the imports of the metals from Canada and newspaper L'Echo. According to a filing first four months were in line with Mexico in June, citing national security published on Wednesday, Evertz now government projections, the ministry later reasons. MacNaughton said it was clear holds 3.12 percent of EVS. On the same said the results were "broadly in line" with the tariffs had been a tool to exert pressure day, EVS issued preliminary third-quarter the fiscal forecasts. The comment on during talks to update a continental trade figures and announced it would be buying year-to-date results is usually only deal, which concluded last month. "Now back 10 million euros of its shares. "It's made every three months, the ministry that we've come to an agreement, there is quite possible that Evertz intends to go far said. In August, Canada ran a budget no need for those tariffs to be in place ... I beyond its 3 percent stake," EVS chairman deficit of C$1.88 billion compared to a think that we will resolve this sooner rather and interim chief executive Pierre De deficit of C$2.63 billion a year earlier. than later," MacNaughton said. Canada Muelenaere told L'Echo when asked if and Mexico retaliated with their own tariffs Evertz planned a takeover.

ECONOMIC DATA U.S. GDP U.S. economic growth slows slightly in Q3; outlook less upbeat The U.S. economy slowed less than expected in the third quarter as a tariff-related drop in soybean exports was partially offset by the strongest consumer spending in nearly four years, keeping growth on track to hit the Trump administration's 3 percent target this year. Gross domestic product increased at a 3.5 percent annualized rate also supported by a surge in inventory investment and solid government spending, the Commerce Department said in its first estimate of third-quarter GDP growth. Inventories increased at a $76.3 billion rate. Inventory investment added 2.07 percentage points to GDP growth. Growth in consumer spending increased at a 4.0 percent rate in the Click on the chart for a full-size and interactive graphic third quarter.

POLL U.S. Democratic campaigns target healthcare as Republican weak spot Democratic candidates for the U.S. Congress are closing out the campaign season with an ominous warning: telling voters millions of Americans could lose their health insurance or be forced to pay significantly more if Republicans win.

EASING RATE HIKE CONCERNS Soothing words from Fed as rate hits ceiling for first time Federal Reserve officials have tried this week to ease concerns on Wall Street that bank reserves are growing scarce and that the Fed's key rate will edge up above a policy range, possibly forcing it to permanently hold more assets than planned.

FUNDING 'Fortnite' creator Epic Games raises $1.25 billion from KKR, others Epic Games, creator of popular online video game "Fortnite", said it received $1.25 billion in funding from investors, including KKR, Iconiq Capital and Smash Ventures.

GROWTH EXPECTED IN 2019 Cabot Oil's promising free cash flow forecast sends shares higher Cabot Oil and Gas forecast a higher-than-expected free cash flow for 2019 and promised bigger returns to investors, sending its shares up.

LAWSUIT Wells Fargo hit with lawsuit over robocalls to wrong numbers A proposed class action lawsuit in San Francisco federal court accuses Wells Fargo of making tens of thousands of automatically dialed, or "robo," calls to cell phones without consumers' consent.

EXPANSION STRATEGY McDonald's to invest $205 million in S.Africa over next 5 years U.S. fast-food giant McDonald's Corp will invest 3 billion rand in South Africa over the next five years, the company said.

ON THE RADAR Events ET Poll Prior Tue: Caseshiller 20 mm SA for Aug 0900 0.0 pct 0.1 pct Caseshiller 20 mm NSA for Aug 0900 -- 0.3 pct Caseshiller 20 yy for Aug 0900 5.9 pct 5.9 pct Consumer Confidence for Oct 1000 136.0 138.4 Texas Service Sector Outlook for Oct 1030 -- 25.6 Dallas Fed Services Revenues for Oct 1030 -- 26.9

Wed: ADP national employment for Oct 0815 187000 230000 Employment wages QQ for Q3 0830 -- 0.5 pct Employment benefits QQ for Q3 0830 -- 0.9 pct Employment costs for Q3 0830 0.7 pct 0.6 pct Chicago PMI for Oct 0945 60 60.4

Thu: Challenger layoffs for Oct 0730 -- 55285 Initial jobless claims 0830 213000 215000 Jobless claims 4-week average 0830 -- 211750 Continued jobless claims 0830 -- 1636 Labor costs preliminary for Q3 0830 1.1 pct -1 pct Productivity preliminary for Q3 0830 2.1 pct 2.9 pct Markit Manufacturing PMI Final for Oct 0945 -- 55.9 Construction spending mm for Sep 1000 0.1 pct 0.1 pct ISM Manufacturing PMI for Oct 1000 59 59.8 ISM Manufacturing Prices Paid for Oct 1000 65.0 66.9 ISM Manufacturing Employment Index for Oct 1000 58.5 58.8 ISM Manufacturing New Orders Index for Oct 1000 -- 61.8 Total vehicle sales for Oct 1530 17.1 mln 17.44 mln

Fri: Non-farm payrolls for Oct 0830 190000 134000 Private payrolls for Oct 0830 183000 121000 Manufacturing payrolls for Oct 0830 15000 18000 Government payrolls for Oct 0830 0 13000 Unemployment rate for Oct 0830 3.7 pct 3.7 pct Average earnings mm for Oct 0830 0.2 pct 0.3 pct Average earnings yy for Oct 0830 3.1 pct 2.8 pct Average workweek hours for Oct 0830 34.5 hrs 34.5 hrs Labor force participation for Oct 0830 -- 62.7 pct U6 underemployment for Oct 0830 -- 7.5 pct International trade for Sep 0830 -$53.7 bln -$53.2 bln Goods trade balance (R) for Sep 0830 -- -76.04 bln ISM-New York Index for Oct 0945 -- 822 ISM New York Business Conditions for Oct 0945 -- 72.5 Durables ex-defense, R mm for Sep 1000 -- -0.6 pct Durable goods, R mm for Sep 1000 -- 0.8 pct Factory orders mm for Sep 1000 0.4 pct 2.3 pct Durables ex-transport R mm for Sep 1000 -- 0.1 pct Nondefense cap ex-air R mm for Sep 1000 -- -0.1 pct Factory ex-transport mm for Sep 1000 -- 0.1 pct ECRI Weekly Index 1030 -- 147 ECRI weekly annualized 1030 -- -0.4 pct

KEY RESULTS

Company Name* Quarter ET Smart Estimates EPS Estimates** Year Ago Rev Estimates (mln)

Akamai Technologies Q3 AMC $0.83 $0.83 $0.62 $664.17 Affiliated Managers Group Q3 BMO $3.43 $3.42 $3.41 $604.16 Alexandria Real Estate Equities Q3 AMC $0.48 $0.49 $0.55 $259.51 AvalonBay Communities Q3 AMC $1.13 $1.13 $1.72 $573.97 Edison International Q3 AMC $1.32 $1.29 $1.43 $3,616.92 Essex Property Trust Q3 BMO $1.08 $1.11 $1.21 $349.12 KLA-Tencor Q1 NTS $2.21 $2.21 $1.80 $1,074.90 Mondelez International Q3 16:05 $0.60 $0.61 $0.57 $6,320.56 Everest Re Group Q3 AMC $2.94 $3.23 -$16.43 $1,780.47 UDR Inc Q3 AMC $0.07 $0.07 $0.06 $259.48 Vornado Realty Trust Q3 AMC $0.37 $0.37 $0.25 $547.55

*Includes companies on S&P 500 index. **Estimates may be updated or revised; release times based on company guidance or past practice.

EPS and Revenue estimates are according to Thomson Reuters I/B/E/S. Smart Estimates are according to Thomson Reuters StarMine.

The Day Ahead - North America is compiled by Samrhitha Arunasalam and Swathi Nair in Bengaluru.

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