Morning Journal--Odds of a nuclear deal with Iran are shrinking

  News on Stocks in Our Portfolios

Medtronic EPS and revenue in-line

·         Medtronic (NYSE:MDT): FQ2 EPS of $0.96 in-line.

·         Revenue of $4.37B (+4.3% Y/Y) in-line.

Home Depot beats by $0.02, beats on revenue

·         Home Depot (NYSE:HD): Q3 EPS of $1.15 beats by $0.02.

·         Revenue of $20.52B (+5.4% Y/Y) beats by $50M.

 

Economics

   This Week’s Data

            October industrial production fell 0.1% versus expectations of +0.2%; capacity utilization came in at 78.9 versus estimates of 79.3.

            http://www.calculatedriskblog.com/2014/11/fed-industrial-production-decreased-01.html

                PPI for final demand in October rose 0.2% versus forecasts of -0.1%; ex food and energy, it was +0.1%, in line.

   Other

Politics

  Domestic

Latest CBO study on who pay their fair share of taxes (medium):

http://www.aei.org/publication/new-cbo-study-shows-rich-dont-just-pay-fair-share-pay-almost-everybodys-share/

  International War Against Radical Islam

            Odds of a nuclear deal with Iran seem to be shrinking (it shrinks?) (short):

            http://www.powerlineblog.com/archives/2014/11/the-odds-are-against-a-nuclear-deal-with-iran-thankfully.php