Morning Journal--Putin isn't done

News on Stocks in Our Portfolios

Schlumberger beats by $0.03, revenue in-line

·         Schlumberger (NYSE:SLB): Q3 EPS of $1.49 beats by $0.03.

·         Revenue of $12.6B (+8.6% Y/Y) in-line.

Economics

   This Week’s Data

            September industrial production rose 1.0% versus expectations of +0.4%; capacity utilization came in at 79.3 versus estimates of 79.0.

            http://scottgrannis.blogspot.com/2014/10/industrial-production-is-quite-strong.html

            The October Philadelphia Fed manufacturing index was reported at 20.7 versus forecasts of 20.1.

            http://www.calculatedriskblog.com/2014/10/earlier-philly-fed-manufacturing-survey.html

                September housing starts rose 6.2% versus forecasts of up 5.6%; building permits were up 1.5% versus expectations of up 2.7%.

   Other

Politics

  Domestic

  International

            The latest on Ukraine (medium):

            http://www.bloomberg.com/news/2014-10-16/poroshenko-seeks-merkel-s-support-as-russia-bristles.html