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

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North Carolina shreds Virginia Tech defense in ACC showdown

With both starting safeties among 15 players sitting out in the first game for defensive coordinator Justin Hamilton, Virginia Tech surrendered its most points since 2002 and the second-most total yards (656) in program history.

“I hurt for our players,” said Coach Justin Fuente, who revealed that he used offensive players to practice in the secondary this week because of depleted numbers. “They battled through adverse conditions the last three weeks and showed tremendous resiliency and toughness. The last thing I am is upset at our guys.”

The offense, behind running back Khalil Herbert and quarterback Hendon Hooker, did its part to keep the proceedings competitive into the fourth quarter after the Hokies trailed by 25 points early in the second half.

Virginia Tech (2-1) scored the most points by a losing team in series history. It closed within 42-37 with 15 seconds left in the third quarter on Hooker’s

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Procedural MI Definition Makes a Big Difference in PCI vs CABG Showdown

Certain procedural heart attacks were more clinically significant than others after percutaneous coronary intervention (PCI) and coronary artery bypass grafting (CABG) surgery, reports suggested.

Just how clinically relevant procedural myocardial infarctions (MIs) are after PCI has long been a point of controversy, especially when comparing the procedure to CABG, where some degree of myocardial injury is inherently expected.

Just how sensitive the results of the EXCEL and SYNTAX trials were to how peri-procedural MI had been defined was detailed in two post hoc analyses published in the Oct. 6 issue of the Journal of the American College of Cardiology.

EXCEL vs Third Universal Definition

EXCEL investigators defended their pre-specified protocol definition of peri-procedural MI and the conclusions they drew from the trial despite conflicting findings when such heart attacks were counted according to the Third Universal Definition.

The incidence of procedural MI reached 3.6% of the PCI group and

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