Highlight of the Week
Brexit extension announced as Boris Johnson pushes for December election
- The Prime Minister wants an election to have a chance to regain lost parliamentary majority
- Brexit vote delayed until January 31, 2020 after the EU agreed to the UK’s extension request
Rate Curves
Rapid Report:
Growth, Fed Statement, Jobs Report incoming
- U.S. Commerce Department releases its measure of gross domestic product on Wednesday
- Fed expected to cut its benchmark interest rate by a quarter point to continue to support the U.S. economy against global slowdown
- Labor Department to release October job market review Friday – likely depressed by the General Motors strike
Google’s parent hits speed bump
- Alphabet shares dipped as much as 4% as the company missed 3Q earnings expectations, earning $10.12 per share vs. $12.42 expected
- The search-engine giant continued its streak of revenue growth, but profit fell as investment costs continued to pile up
Apple releases pricier AirPods pro
$249 retail price will offer active noise cancellation, sweat resistance, and new design
