Friday, December 6, 2013

Morning Journal

 News on Stocks in Our Portfolios

Scotiabank misses by C$0.01
·                                 Scotiabank (BNS): FQ4 EPS of C$1.31 misses by C$0.01.
 
Economics

   This Week’s Data

            Third quarter corporate profits were reported up 5.8% versus expectations of up 5.3%.  This analysis for the optimists.

            October factory orders fell 0.9% versus estimates of -1.2%.

            November nonfarm payrolls increased by 203,000 versus forecasts of a rise of 180,000.  the unemployment rate fell to 7.0% from 7.3%.

            October personal incomes dropped 0.1% versus a consensus of +0.3%; personal spending rose 0.3%, in line; and core PCE was up 0.1%, also in line.

   Other

Politics

  Domestic

Quote of the day (short):


  International War Against Radical Islam

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