Morning Journal--Nobel Peace Prize: what a joke

 News on Stocks in Our Portfolios

 

Charles Schwab (SCHW): Q3 EPS of $0.19 beats by $0.02. Revenue of $1.2B (+1.2% Y/Y) in-line.

Coca-Cola (KO): Q3 EPS of $0.51 beats by $0.01. Revenue of $12.34B misses by $50M. Shares +0.4% premarket.

Economics

   This Week’s Data

            August business inventories rose 0.6% versus expectations of up 0.5%; unfortunately business sales increased by 0.5%.

            September CPI came in up 0.6% versus estimates of +0.5%; core CPI was up 0.1% versus forecasts of +0.2%.

   Other

            A look at the FY 2012 government budget numbers (medium):

            http://scottgrannis.blogspot.com/2012/10/federal-budget-numbers-continue-to.html

            A review of household deleveraging (medium):

            http://www.zerohedge.com/news/2012-10-15/us-households-are-not-deleveraing-they-are-simply-defaulting-bulk

            Weekly gasoline update (short):

            http://advisorperspectives.com/dshort/updates/Gasoline-Update.php

Politics

  Domestic

A thought on political polarization and the fiscal cliff (short):

http://www.zerohedge.com/news/2012-10-15/reminder-why-fiscal-cliff-compromise-not-coming-any-time-soon

  International

            For your prurient interest (medium):

            http://www.zerohedge.com/news/2012-10-15/dsks-eyes-wide-shut-lifestyle-exposed

            My favorite euro, Nigel Farage, on this year’s Nobel Peace Prize (to the EU):

            http://www.zerohedge.com/news/2012-10-15/nationalism-and-extremism-nobel-peace-prize-winning-europe