Job Market Strength
Job markets are defying central bankers’ efforts to bring down inflation. Bloomberg
Job markets are defying central bankers’ efforts to bring down inflation. https://t.co/UMjcX1tAdQ
— ValueTheMarkets (@ValueTheMarkets) October 31, 2022
Earnings Shortfall
Strategists say earnings shortfalls suggest Fed rate hikes are working. Bloomberg
Strong dollar has so far wiped $10B off US Q3 earnings. Financial Times
Strategists say earnings shortfalls suggest Fed rate hikes are workinghttps://t.co/JpIZEm7gLV
— ValueTheMarkets (@ValueTheMarkets) October 31, 2022
Tesla Glencore Talks
Tesla (NASDAQ: TSLA) held preliminary talks with Glencore (LON: GLEN) about acquiring a 10-20% stake. Preliminary discussions began last year and continued in March, but no agreement as Tesla is concerned that Glencore's extensive coal mining operation conflicts with Tesla's environmental goals. Financial Times
Tesla held preliminary talks with Glencore about acquiring 10-20% stake. https://t.co/m1TvEzxfmi
— ValueTheMarkets (@ValueTheMarkets) October 31, 2022
Preliminary discussions began last year and continued in March, but no agreement as $TSLA concerned that $GLEN coal mining conflicts with Tesla environmental goals.
China's Zero Covid Policy Risk to Apple
Covid outbreak driving workers from the Foxconn plant, which is the world's largest Apple (NASDAQ: AAPL) iPhone factory. Financial Times
Covid outbreak driving workers from Foxconn plant that is world's largest iPhone factory $AAPLhttps://t.co/QpXZXwWxvb
— ValueTheMarkets (@ValueTheMarkets) October 31, 2022
When to slow rate hikes?
Key issue as Fed meets this week: When to slow rate hikes?
The Federal Reserve may reach a turning point this week as it announces what’s expected to be another substantial three-quarter-point hike in its key interest rate.
