Daily Markets: Stocks Face Earnings Showdown Amid Apple and Amazon Events

Today’s Big Picture

The major equity indices in Asia closed mostly in the green today. Trading in Hong Kong was suspended due to Typhoon Nangka – because it is still 2020. China’s Shenzhen Component rose 0.7%, Japan’s Nikkei closed up 0.2%, South Korea’s Kospi closed slightly below flat, and Australia’s S&P/ASX 200 rose 1.0%. By midday trading, European equities were mostly in the red, and U.S. equity futures point to a mixed session at the open.

Investors have a full plate ahead of them today that includes a helping of corporate earnings as the September quarter earnings season gets underway and the two high profile events that are Apple’s (AAPL) “Hi, Speed” event and Amazon’s (AMZN) 2020 Prime Day event. The accompanying side dishes for this full course will be the Supreme Court confirmation hearing for Amy Coney Barrett, potential new pandemic restrictions, and fiscal stimulus conversations in Washington.

Data

Read More
Read More

Suga’s Daily Schedule May Carry Key Insights for Stock Investors

(Bloomberg) — It goes without saying that investors in Japan should watch what the Prime Minister is doing. But with Yoshihide Suga now in power, it pays to follow a little more closely.

Shares in GMO Internet Inc., a tech conglomerate, jumped as much as 5.5% on Thursday after founder and CEO Masatoshi Kumagai tweeted that he’d had dinner with Suga to discuss the prime minister’s digital reforms. Some of the GMO group’s other listed units surged by their daily limit, in expectation of its involvement in the shift to digital.



a man in a suit standing in front of a curtain: Japan's New Prime Minister Yoshihide Suga News Conference


© Bloomberg
Japan’s New Prime Minister Yoshihide Suga News Conference

Yoshihide Suga at a news conference on Sept. 16.

Loading...

Load Error

Photographer: Carl Court/Getty Images/Bloomberg

But eagle-eyed investors watching Suga’s movements could have spotted this opportunity earlier — and perhaps should more closely watch a daily press report of his movements for future trading clues.

Journalists who cover the

Read More
Read More

Cyber Daily: EU Takes Aim at Banks’ Tech Suppliers

Good day. The European Commission proposed legislation that would stop banks and financial firms from using tech services that present known cybersecurity risks. Regulators would have the authority to require banks to suspend or stop using a company’s services if the flaws aren’t fixed, WSJ Pro’s Catherine Stupp reports.

Other news:
Universal Health Services

restores network after cyberattack and is still reconnecting applications; retailer
H&M

fined $41.6 million for privacy abuses; China tells World Trade Organization that TikTok and
WeChat

bans violate cross-border trade rules.

Also today: Cybersecurity jobs of the future.

Banking Security

EU seeks authority to cut off banks’ tech suppliers if they are found wanting on cybersecurity. Banks and other financial institutions could be forced to cut ties with cloud providers and other technology suppliers under a draft European Union regulation that aims to limit cybersecurity risks to

Read More
Read More

Current events show how America needs journalist | Daily Editorial

In a year of fighting a global pandemic, historic protests for racial equality, and the rapidly approaching presidential election, America needs journalists to bring them critical reporting. The events of this year have Americans looking to local journalists to inform them about the news and events in their communities.

People trust and appreciate their local news publishers. But publishers have also been affected by the pandemic. And at a time when the public wants and needs quality news and information more than ever, the major tech platforms still refuse to compensate most news publishers, even while they pay creators for the ability to distribute music and lots of other kinds of content.

Combined, these challenges have left numerous publishers across the country in danger of shuttering before the end of this election cycle, with even more disappearing before the next crisis.

As we celebrate National Newspaper Week this year, we

Read More
Read More

Daily Mirror – OPPO Launches OPPO A53: Feel the Speed with OPPO’s Faster and Smoother A53 Smartphone


OPPO has launched the latest model of its A Series, the OPPO A53 in Sri Lanka. Designed to deliver a faster and smoother performance, A53 empowers users to feel the speed and connects to entertainment needs and friends. Available from October, 2020 in Sri Lanka A53 comes in two color options – Fancy Blue and Electric Black. A53 includes 4 GB Memory + 64 GB Storage and will be available for purchase at a retail price of LKR. 35,990.
Boasting a blazing-fast 90Hz refresh rate, OPPO A53 offers an immersive and smooth viewing experience with a 90Hz Neo-Display that offers a 90Hz refresh rate display and technology that rivals flagship phones. Whilst A53 has a 5000mAh Large Battery and 18W Fast Charge to keep the phone running longer, Qualcomm’s latest octa-core processor and OPPO’s first RAM+ Memory Optimization offers an all-around fast performance.

“In line with the promise of

Read More
Read More

Smartphone surveys find a connection between daily spiritual experiences and well-being

spirituality
Credit: CC0 Public Domain

Using smartphone check-ins twice a day for two weeks, sociologists in a national study have found a link between individuals’ daily spiritual experiences and overall well-being, say researchers from Baylor University and Harvard University.

While other studies have found such a connection between spirituality and positive emotions, the new study is significant because frequent texting made it easier to capture respondents’ moment-to-moment spiritual experiences over 14 days rather than only one or two points in time, they say.

“This study is unique because it examines daily spiritual experiences—such as feeling God’s presence, finding strength in religion or spirituality, and feeling inner peace and harmony—as both stable traits and as states that fluctuate,” said study co-author Matt Bradshaw, Ph.D., research professor of sociology at Baylor University Institute for Studies of Religion (ISR).

“Because surveys usually capture only one or two points in time, researchers often have to

Read More
Read More

The Daily 202: A dozen questions to gauge the political ramifications of Trump’s coronavirus diagnosis

This October surprise upends the presidential campaign with just over a month until Election Day. This will draw fresh attention to Trump’s public and private squabbles with a number of the medical experts in his administration over how seriously to take the virus. The diagnosis will also make it difficult for the president to deflect attention to other issues. But it is impossible at this moment to state anything with certitude. How exactly this development impacts the final 32 days of the race depends on the answers to these dozen questions:

1) How sick will the president get? 

An unnamed White House official told the Associated Press this morning that the president is experiencing “mild symptoms” but did not specify.

The president’s physician, Sean Conley, said in a statement that the Trumps “are both well at this time, and they plan to remain at home within the White House during

Read More
Read More

DAILY VOICE | Recent IPO activity points to ample liquidity, investor sentiment: Prasanna Pathak of Taurus MF



a man wearing a suit and tie: DAILY VOICE | Recent IPO activity points to ample liquidity, investor sentiment: Prasanna Pathak of Taurus MF


© Kshitij Anand
DAILY VOICE | Recent IPO activity points to ample liquidity, investor sentiment: Prasanna Pathak of Taurus MF

The type of responses that we have seen in recent IPOs point towards not only ample liquidity in the system but more importantly towards investor sentiment, Prasanna Pathak, Head of Equity, Taurus Mutual Fund, said in an interview with Moneycontrol’s Kshitij Anand.

Edited excerpts:

Q) US Fed plans to keep interest rates low for a long time. What is the kind of impact it will have on emerging markets like India as well as the currency?

A) The plan to keep the interest rates low for a long time, indicates that the US Fed is skeptical of demand revival in the economy and hence the revival of inflation in the short to medium term.

Though this does point to a weak economic recovery. The low-interest rates coupled with the central

Read More
Read More

Daily Smartphone Tracking Planned for First to Get Covid Vaccine

Vaccinations At Moscow City' Chaika Clinic

Photographer: Andrey Rudakov/Bloomberg

Americans that get the first Covid-19 vaccines will be closely monitored by the U.S. Centers for Disease Control and Prevention through daily text messages and emails, according to a federal advisory group.

Essential workers who are expected to be the first recipients will get daily text messages on their smartphones asking about side effects in the first week after they get the shot, and then they’ll be contacted weekly for six weeks, said Tom Shimabukuro, a CDC immunization expert, at a meeting of the CDC’s Advisory Committee on Immunization Practices. Those workers could total about 20 million people, he said.

The advisers also heard that the CDC and the Defense Department have set up technical assistance teams to help state and local jurisdictions develop and implement distribution plans. The plans are due for review and approval by October 16, said Janell Routh, a CDC

Read More
Read More

Daily smartphone tracking planned for first recipients of COVID-19 vaccine – U.S.

Daily smartphone tracking planned for first recipients of COVID-19 vaccine


Stars and Stripes is making stories on the coronavirus pandemic available free of charge. See other free reports here. Sign up for our daily coronavirus newsletter here. Please support our journalism with a subscription.


WASHINGTON (Tribune News Service) — Americans that get the first COVID-19 vaccines will be closely monitored by the U.S. Centers for Disease Control and Prevention through daily text messages and emails, according to a federal advisory group.


Essential workers who are expected to be the first recipients will get daily text messages on their smartphones asking about side effects in the first week after they get the shot, and then they’ll be contacted weekly for six weeks, said Tom Shimabukuro, a CDC immunization expert, at a meeting of the CDC’s Advisory Committee on Immunization Practices. Those workers could total about

Read More
Read More