After August's brief respite dead-cat-bounce, Housing starts resumed their collapse in September, slumping 5.3% (despite a downward revision to August's spike). Permits notably disappointed, dropping for the 5th month of the last six...
"Nexflix’s business success this quarter was to attract 7 million new subscribers by spending $7 billion on new programs? Go figure. Are these subscribers paying $1000 per quarter? I don’t think so. What’s the game? Spend billions to get millions from subscribers."
After starting off strong, Italian 10Y Yields have leaked wider all morning after a senior government official said on Wednesday that Italy’s 2019 budget may be rejected by the European Commission and a credit rating downgrade is also possible.
S&P 500 futures fell to session low, down 0.3% following yesterday's torrid rally. The global rally fizzled as European shares pared earlier gains and turned flat in morning trade, after the Stoxx Europe 600 gained 1.6% on Tuesday, dragged lower by auto stocks.