Tuesday, October 15, 2013

Morning Journal--What the Chinese think of our shutdown

 News on Stocks in Our Portfolios

Johnson & Johnson beats by $0.04, beats on revenues
o                                                        Johnson & Johnson (JNJ): Q3 EPS of $1.36 beats by $0.04.
o                                                        Revenue of $17.6B (+3.1% Y/Y) beats by $0.19B.

|7:47 AM
Coca-Cola misses by $0.01
o                                                        Coca-Cola (KO): Q3 EPS of $0.53 misses by $0.01.
o                                                        Revenue of $12.03B misses by $0.04B.
 |7:33 AM
Economics

   This Week’s Data

            The New York Fed’s October manufacturing index came in at 1.52 versus expectations of 7.0

   Other

            More analysis of QE (medium):

            Europe is recovering (short):

            Understanding the debt limit (3 minute video):

Politics

  Domestic

What the Chinese think of our government shutdown (hint: it is quite positive)

  International War Against Radical Islam

            Meanwhile in Iraq (medium):

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