IN THE NEWS
Benzinga
After all the hype and pomp-filled presentations, the tech community is taking a sobering second look at Apple
Inc. (NASDAQ: AAPL)’s new smartphones, and the
reviews are pretty mixed for the ballyhooed phone of the future:
Link
Federal Home Loan Mortgage Corp (OTC: FMCC)
and Federal National Mortgage Association (OTC: FNMA) shares have caught fire Thursday, jumping more than 11 percent each after a new
letter to Treasury Secretary Steven Mnuchin and Federal Housing Finance Agency director Mel Watt demonstrated that Congress hasn’t
forgotten about Fannie Mae and Freddie Mac:
Link
Wall Street Journal
An explosion hit a London subway train on Friday, injuring 18, in what U.K. police were treating as terrorism. Witnesses
described a burst of flames and scenes of panic as people tried to flee amid the crowded morning rush:
Link
North Korea fired a missile over Japan early Friday local time for the second time in a month, defying rising international
efforts to force it to abandon course:
Link
Reuters
U.S. Senator Elizabeth Warren said on Friday she has begun an investigation into Equifax (NYSE: EFX)’s massive data breach and, along with 11 other Democratic senators,
will introduce a bill to give consumers the ability to freeze their credit for free:
Link
As U.S. consumer outrage grows over prescription drug prices, state authorities and patient advocates in Maryland are preparing
to enforce the nation’s first law designed to punish drugmaker price-gouging:
Link
Bloomberg
After conquering grocery deliveries, Alibaba Group Holding Ltd. (NYSE: BABA) is setting its sights on a new part of China’s $4 trillion retail sector:
department stores:
Link
Canada and Mexico bristled at an idea by the U.S. to include a five-year sunset provision in the North American Free Trade
Agreement that would force partners to reconsider the deal or terminate it:
Link
ECONOMIC DATA
- USA Retail Sales (MoM) for Aug -0.20% vs 0.10% Est; Prior 0.60%. Core Retail Sales (MoM) for Aug 0.20% vs 0.50% Est
- USA NY Empire State Manufacturing Index for Sep 24.40 vs 19.00 Est; Prior 25.20
- Data on industrial production for August will be released at 9:15 a.m. ET.
- Data on business inventories for July will be released at 10:00 a.m. ET.
- The University of Michigan's consumer sentiment index for September is schedule for release at 10:00 a.m. ET.
- The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.
ANALYST RATINGS
- HSBC upgraded Morgan Stanley (NYSE: MS)
from Hold to Buy
- Jefferies upgraded West Pharmaceutical (NYSE: WST) from Hold to Buy
- JP Morgan upgraded Southwest Airlines (NYSE: LUV) from Neutral to Overweight
- JP Morgan downgraded Spirit Airlines (NASDAQ: SAVE) from Overweight to Neutral
- JP Morgan downgraded American Airlines (NASDAQ: AAL) from Overweight to Neutral
- Jefferies downgraded Regency Centers (NYSE:
REG) from Buy to Hold
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