$ | Procter & Gamble Q2 22 Earnings:
- Net Sales: $21.0B (est $20.35B)
- Core EPS $1.66 (est $1.65)
- Organic Rev: +6% (est +3.97%)
- Raises FY 2022 Sales & Cash Guidance
$ | Bank Of America Q4 21 Earnings:
- EPS: $0.82 (prev $0.76) - Rev: $22.06B (prev $22.23B)
- Equities Trading Rev. Ex-DVA: $1.37B (est $1.33B)
- Trading Revenue Ex-DVA: $2.93B (est $3.10B)
- Wealth & Investment MGMT Rev: $5.40B (est $5.38B)
[WISE.UK] Q3 Trading update: Q3 volume £20.6B v £15.0B y/y, Rev £149.8M v £111.9M y/y; Continue to expect the take rate to be slightly lower in H2 FY22
- Affirms FY22 gross margin 65-67%
- Take rate 0.73% v 0.75% y/y
Järelturu liikujad: CNXC +5% rises while OESX -16% declines on earnings/guidance.
CAIRO (Reuters) - Dubai's Emirates airline announced on Tuesday that it will suspend flights to several destinations in the United States as of Jan. 19 until further notice because of concerns over 5G mobile deployment.
(Reuters) -Ford Motor Co said on Tuesday its fourth-quarter results would include an $8.2 billion gain on its investment in Rivian Automotive Inc, following the electric-vehicle maker's blockbuster market debut in November.
ZURICH (Reuters) - A group of more than 100 billionaires and millionaires has issued a plea to political and business leaders convening virtually for the World Economic Forum: make us pay more tax. The group calling itself the "Patriotic Millionaires" said that the ultra-wealthy were not currently being forced to pay their share of the global economic recovery from the pandemic.
TOKYO (Reuters) - Asia's share markets struggled on Wednesday as U.S. Treasury yields hit fresh two-year highs and a global technology stock sell-off unsettled investors worrying about inflation and bracing for tighter U.S. monetary policy. Japan Nikkei -2.65%
(Reuters) - U.S. President Joe Biden will leave it to Congress to decide the rules on members trading stocks, White House spokeswoman Jen Psaki told a briefing on Tuesday, noting he had never done so when he was a senator.
(Reuters) - There is no evidence at present that healthy children and adolescents need booster doses of COVID-19 vaccine, the World Health Organization's chief scientist Soumya Swaminathan said on Tuesday. More research needs to be done to ascertain who needs booster doses.
$ Reports Q4 Net €4.39 v €3.78e, Rev €4.99B v €5.14Be; Expected impact of the fire in part of a building at Berlin site included into FY22 outlook - Guides Q1 Rev €3.3-3.5B; Gross Margin 49% - Guides FY22 Rev +20% y/y
GOLDMAN SACHS Q4 EPS USD 10.81 VS. ESTIMATE USD 11.77
GOLDMAN SACHS Q4 REVENUE USD 12,640 MILLION VS. ESTIMATE USD 12,100 MILLION
BABA | US Examining Alibaba's Cloud Unit For National Security Risks - RTRS Sources
$TSLA Said to be targeting 2022 deliveries of 1.5-2.0M units v 937K y/y and has opened bidding for EV camera modules - press (Tesla Inc)
WASHINGTON (Reuters) - A U.S. Senate panel is set on Thursday to debate a bill that aims to rein in app stores of companies that some lawmakers say exert too much market control, including Apple Inc (NASDAQ:AAPL) and Alphabet (NASDAQ:GOOGL) Inc's Google.
BEIJING (Reuters) - Volkswagen (DE:VOWG_p) Group's China unit said on Tuesday its component factory in the northern Chinese city of Tianjin had resumed some shifts since Thursday last week.
WASHINGTON (Reuters) -The chief executives of major U.S. passenger and cargo carriers on Monday warned of an impending "catastrophic" aviation crisis on Wednesday when AT&T (NYSE:T) and Verizon (NYSE:VZ) are set to deploy new 5G service.
The airlines warned the new C-Band 5G service could potentially make a significant number of widebody aircraft unusable and "could potentially strand tens of thousands of Americans overseas."
SINGAPORE (Reuters) -Oil prices rose more than $1 on Tuesday to a more than seven-year high on worries about possible supply disruptions after Yemen's Houthi group attacked the United Arab Emirates, escalating hostilities between the Iran-aligned group and a Saudi Arabian-led coalition.
SHANGHAI (Reuters) -China's central bank on Monday unexpectedly cut the borrowing costs of its medium-term loans for the first time since April 2020, while some market analysts expect more policy easing this year to cushion an economic slowdown.
US Retail Sales (M/M) Dec: -1.9% (est -0.1%; prev 0.3%) - US Retail Sales Ex. Auto (M/M) Dec: -2.3% (est 0.1%; prev 0.3%) - US Retail Sales Control Group (M/M) Dec: -3.1% (est 0.0%; prev -0.1%)
$ | Citigroup Q4 21 Earnings: - EPS: $1.46 (est $1.62) - Rev: $17.02B (est $16.80B) - FICC Sales & Trading Rev: $2.54B (est $2.69B)
$ Reports Q4 $1.38 v $1.09e, Rev $20.9B v $18.7Be (Wells Fargo & Company) - ROA 1.17% v 1.04% y/y - ROE 12.8% v 11.1% y/y - Net interest margin 2.11% v 2.03% y/y
$ Reports Q4 $3.33 v $2.98e, Managed Rev $30.4B v $29.9Be (JPMorgan Chase & Co) - Assets under Management (AUM) $3.1T v $2.7T y/y
$ Reports Q4 $10.42 v $10.15e, Rev $5.11B v $5.19Be (BlackRock Inc) - AUM $10.01T v $9.85Te, +15% y/y - Op margin adj 45.5% v 46.6% y/y - Total long-term net inflows $169B v $98.0B q/q
Järelturu liikujad: SAM -7.9% falls on lowered guidance; SAP +3% and PRO +1.3% higher on upside guidance.
(Reuters) -German business software group SAP on Thursday said fourth-quarter revenue from its cloud computing business jumped 28% as more customers shift their IT operations to its cloud business database.
Cloud revenue climbed to 2.61 billion euros ($2.99 billion) in the fourth quarter ended Dec. 31, the company reported in a preliminary earnings statement.
*(US) INITIAL JOBLESS CLAIMS: 230K V 200KE; CONTINUING CLAIMS: 1.56M V 1.73ME
*(US) DEC PPI FINAL DEMAND M/M: 0.2% V 0.4%E; Y/Y: 9.7% V 9.8%E
Delta Air Lines 4Q Adjusted EPS Misses Estimates - Adjusted EPS 22c, estimate 23c - Adjusted revenue $8.43 billion, estimate $8.45 billion
$ Reports Q4 (NT$) Net 166.2B v 142.8B y/y; Op 182.8B v 157.1B y/y; Rev 438.2B v 361.5B y/y (Taiwan Semiconductor Manufacturing Company Limited) - Guides Q1 Rev $16.6-17.2B, Gross Margin 53-55%, Op Margin 42-44%
Järelturu liikujad:KBH +4.9% higher on earnings; ESTC -6.3% announces mgmt shake-up; COIN +2.3% acquires FairX
(Reuters) - Controlling inflation that has spiked to nearly a 40-year high is the "most important task" facing the Federal Reserve right now, Fed Governor Lael Brainard said in prepared remarks for a Senate hearing on Thursday on her nomination to become vice chair of the U.S. central bank.
NEW YORK (Reuters) - U.S. companies will post results in the coming weeks on the final quarter of 2021 as investors worry about inflation's impact on earnings and pressure on the Federal Reserve to speed up the timeline for kicking off interest rate hikes.
(Reuters) - With inflation running at its highest in nearly 40 years, U.S. central bankers are coalescing around a plan to start tapping the brakes on economic growth as soon as March, with further monetary policy tightening likely as the year goes on.
(Bloomberg) -- China detected omicron in a second major port city, deepening concern of a wider outbreak at Beijing’s doorstep and raising the prospect that more foreign businesses might follow Toyota Motor (NYSE:TM) Corp. in halting operations along the northeastern coast.
WASHINGTON (Reuters) - U.S. consumer prices increased solidly in December as rental accommodation and used cars maintained their strong gains, culminating in the largest annual rise in inflation in nearly four decades, which bolstered expectations that the Federal Reserve will start raising interest rates as early as March.
US CPI (M/M) Dec: 0.5% (est 0.4%; prev 0.8%) - CPI (Y/Y) Dec: 7.0% (est 7.0%; prev 6.8%) - Core CPI (M/M) Dec: 0.6% (est 0.5%; prev 0.8%) - Core CPI (Y/Y) Dec: 5.5% (est 5.4%; prev 4.9%)
$ Reports Q4 $1.36 v $1.11 y/y, Rev $1.81B v $1.86B y/y; Raises Quarterly dividend 20% to $0.30 from $0.25 (indicated yield 2.9%) (Jefferies Financial Group Inc)
Järelturu liikujad: BIIB -7.1% falls as Medicare reportedly to limit coverage for Aduhelm; LLY -1.7% down in sympathy; SRLP +7.3% gets takeout bid
(Reuters) - The average transaction price of new vehicles in the United States shot up nearly 14% in December from the previous year, driven by strong sales of luxury vehicles, auto industry consultancy Kelley Blue Book said in a report on Tuesday.
(Reuters) - Quebec, Canada's second most populous province, is planning to force adults refusing to get COVID-19 vaccinated pay a "health contribution" in a move likely to spur a debate about individual rights and social responsibility.
(Bloomberg) -- China’s inflation pressures moderated in December as commodity prices and food costs slid, giving policy makers scope to cut interest rates to cushion the economy’s downturn.
The producer price index rose 10.3% from a year earlier, down from November’s 12.9%, while the consumer price index increased 1.5%, compared with 2.3% in November. Both came in lower than economists’ expected.
(Reuters) - U.S. consumer inflation data is due later in the global day, with headline CPI seen coming in at a red-hot 7% on a year-on-year basis, boosting the case for an early increase in rates.
SYDNEY (Reuters) - Stocks and commodities rose in relief and the dollar hit a six-week low on Wednesday, after Federal Reserve Chair Jerome Powell sounded less hawkish than expected in testimony to Congress, as he charts a path out of pandemic policy settings.
Tesla China sales reached a record 70,847 units in December, up 197.6 percent from a year ago and up 34 percent from 52,859 units in November, according to data released today by the China Passenger Car Association (CPCA).
Järelturu liikujad: NARI +10.3%, ANF +7%, PI +4.2%, ILMN +2.5%; although BIG -5.8% guided lower; INTC +2.5% higher as it snaps up rival CFO.
WASHINGTON (Reuters) - A U.S. Senate committee holds hearings this week for Federal Reserve Chair Jerome Powell and vice chair nominee Lael Brainard that could provide new details about the U.S. central bank's plans to tighten monetary policy, but also kick off a broader debate in coming weeks about its role in addressing issues as disparate as climate change and racial inequality.
(Bloomberg) -- The drumbeat for the Federal Reserve to implement four quarter-point interest-rate hikes this year is growing -- and with the pace that markets have been moving, there’s a possibility that traders soon look to protect themselves against the risk of even faster policy tightening.
(Reuters) - Rivian Automotive Inc produced 1,015 vehicles by the end of 2021, the Amazon-backed electric pickup truck maker reported in a filing on Monday, in line with its lowered expectations.
Last month, Rivian said it expected production to be "a few hundred vehicles short" of its 2021 target of 1,200 because of supply chain constraints.
The company delivered 920 vehicles by the end of 2021, according to the filing.
(Reuters) - The United States reported at least 1.13 million new coronavirus infections on Monday, according to a Reuters tally, the highest daily total of any country in the world as the spread of the highly contagious Omicron variant showed no signs of slowing.
BEIJING (Reuters) -Volkswagen AG sold 70,625 of its ID electric vehicles in China last year, missing its goal of selling 80,000 to 100,000 cars, the company said on Tuesday.
"It was a pretty difficult year for us as a group." the German automaker's China chief Stephan Wollenstein said.
Supply chain constraints, including a global chip shortage, impacted production and were factors that contributed to Volkswagen (DE:VOWG_p) failing to reach its ID sales goal, Wollenstein added.
(Reuters) - Federal Reserve Chair Jerome Powell appears before the Senate Banking Committee on Tuesday for consideration to a second four-year term as head of the Fed, followed by a hearing with vice chair nominee Lael Brainard on Thursday.
European Uber rival Bolt valued at $8.4 billion in new funding round. The investment values the eight-year-old company at about $8.4 billion, up from $4.8 billion just five months ago - CNBC.
[LULU] Cuts Q4 'low end' $3.25-3.32 v $3.33e, Rev 'low end' $2.13-2.17B v $2.17Be.
WISE.UK CitiGroup Cuts WISE.UK to Sell from Neutral.
(Bloomberg) -- The Federal Reserve will likely raise interest rates four times this year and will start its balance sheet runoff process in July, if not earlier, according to Goldman Sachs Group Inc (NYSE:GS).
We continue to see hikes in March, June, and September, and have now added a hike in December.”
SYDNEY (Reuters) - Australia must "push through" the fast-moving Omicron outbreak, Prime Minister Scott Morrison said on Monday, as infections surpassed 1 million, more than half in the past week alone, throwing a strain on hospitals and supply chains.
Although aggressive lockdowns and tough border controls kept a lid on infections earlier in the pandemic, Australia is now battling record infections in its effort to live with the virus after higher vaccination rates.
SYDNEY (Reuters) - Virgin Australia said on Monday it would reduce capacity across its network by around 25% for the rest of January and for February due to reduced travel demand and staff being required to isolate as COVID-19 case numbers rise in Australia.
WASHINGTON (Reuters) - Emerging economies must prepare for U.S. interest rate hikes, the International Monetary Fund said, warning that faster than expected Federal Reserve moves could rattle financial markets and trigger capital outflows and currency depreciation abroad.
NEW DELHI (Reuters) - India began administering booster doses of COVID-19 vaccine to frontline workers and vulnerable elderly people on Monday, with the fast-spreading Omicron variant fuelling an almost eight-fold rise in daily infections since the start of the year.
SYDNEY (Reuters) - Analysts fear the U.S. consumer price report on Wednesday will show core inflation climbing to its highest in decades at 5.4% and usher in a rate rise as soon as March.
*U.S. DEC. PAYROLLS INCREASE 199,000; EST. 450,000 *U.S. DEC. UNEMPLOYMENT RATE FALLS TO 3.9% VS 4.2%
US Private Payrolls Dec: 211K (est 365K; prev 235K; prevR 270K) -
Manufacturing Payrolls Dec: 26K (est 35K; prev 31K; prevR 35K) -
Government Payrolls Dec: K (prev -25K)
$DAI.DE Reports Q4 Mercedes-Benz Cars & Vans 566.5K vehciles -23% y/y
Mercedes-Benz Cars 476.0K -25% y/y
Mercedes Benz Brand deliveries by region:
Europe -29%, US -22.7%, China -18.6%
Battery EV Deliveries 35.0K +29.7% y/y
Järelturu liikujad: GME +30% higher on WSJ report to enter NFT, crypto; DCT +8%, QDEL +2.3% higher on eaarnings/guidance; SONO +3.9% up on NYT report that GOOG infringed
(Reuters) -Former President Donald Trump's new media venture plans to launch its social media app Truth Social on Feb. 21, according to an Apple Inc (NASDAQ:AAPL) App Store listing.
TRUTH Social, the Trump Media & Technology Group (TMTG) alternative to Twitter (NYSE:TWTR), is available for pre-order before going live on the U.S. Presidents' Day holiday.
WASHINGTON/SAN FRANCISCO (Reuters) - Alarmed by the persistence of uncomfortably high inflation, even the most dovish of U.S. central bankers now agree that they will need to tighten policy this year; the debate is no longer about whether, but how quickly.
(Reuters) - GameStop Corp (NYSE:GME) is launching a division to develop a marketplace for nonfungible tokens (NFTs) and establish cryptocurrency partnerships, a source familiar with the matter said on Thursday, boosting the video game retailer's shares 27% in extended trading.
WASHINGTON (Reuters) -The U.S. Federal Aviation Administration (FAA) on Thursday issued fresh warnings that new 5G wireless service could still disrupt flights, saying there were "big differences" between U.S. aviation protections and those used in France.
SEOUL (Reuters) -Samsung Electronics Co Ltd said on Friday its fourth-quarter operating profit likely jumped 52% on-year to its highest for the quarter in four years, helped by solid demand for server memory chips and higher margins in chip contract manufacturing.
WASHINGTON (Reuters) - U.S. employment growth likely picked up in December, culminating in record job creation in 2021, but the labor market could temporarily lose its luster as raging COVID-19 infections cause disruptions at businesses and schools.
Nonfarm payrolls likely increased by 400,000 jobs last month after rising 210,000 in November, according to a Reuters survey of economists. Should payrolls meet expectations, a whopping 6.5 million jobs would have been created in 2021.
(Reuters) - JPMorgan's Craig said investors were waiting for U.S. non-farm payroll data due later on Friday, and inflation data due next week, to see whether they would reinforce or undermine the case for faster rate hikes in the U.S.
The minutes, published Wednesday, had shown that a tight jobs market and unrelenting inflation could force the U.S. central bank to raise rates more aggressively this year.
Järelturu liikujad: BLI -25% and HEAR -3.8% fall on weak guidance; SLGC +9.3% jumps on collaboration news; CDC panel reportedly recommends Pfizer booster for 12-15 year olds
NEW YORK (Reuters) - U.S. stocks fell sharply on Wednesday, with the Nasdaq plunging more than 3% in its biggest one-day percentage drop since February, after U.S. Federal Reserve meeting minutes signaled the central bank may raise interest rates sooner than expected.
WASHINGTON (Reuters) -President Joe Biden will tell Americans that his predecessor, Donald Trump, carries "singular responsibility" for the deadly Jan. 6 attack on the Capitol when he marks the first anniversary of the assault on Thursday, the White House said.
(Reuters) - Royal Caribbean (NYSE:RCL) and Norwegian Cruise Line (NYSE:NCLH) on Wednesday canceled sailings amid rising fears of Omicron-related coronavirus infections that have dampened the nascent recovery of the pandemic-ravaged cruise industry.
SYDNEY (Reuters) - Fuelled by the highly transmissible Omicron variant, Australia's daily coronavirus infections soared to a fresh peak on Thursday, overwhelming hospitals, while isolation rules caused labour shortages, putting a strain on businesses and supply chains.
Fed policymakers said at their December meeting that a "very tight" job market and unabated inflation might require it to raise interest rates sooner than expected and begin reducing its overall asset holdings as a second brake on the economy, according to minutes from that meeting
Fed officials were uniformly concerned about the pace of price increases that promised to persist, alongside global supply bottlenecks "well into" 2022, the minutes showed.
SHANGHAI (Reuters) - Asian shares fell on Thursday, extending a global slump after Federal Reserve meeting minutes pointed to a faster-than-expected rise in U.S. interest rates due to concerns about persistent inflation.
*(US) DEC ADP EMPLOYMENT CHANGE: +807K V +410KE
Järelturu liikujad: SGH -5.1% and MLKN -4.3% head lower; WEJO +26.7% jumps on partnership with MSFT; INSP +5.4% higher on bullish guidance.
WASHINGTON (Reuters) - Federal Reserve Chair Jerome Powell will make his first public appearance of 2022 next week as lawmakers consider him for a second four-year term, while President Joe Biden weighs his picks for three other Fed Board seats with an eye to diversity.
NEW YORK (Reuters) -Yum Brands Inc's KFC restaurants will start selling plant-based fried "chicken" from Beyond Meat (NASDAQ:BYND) Inc across the United States on Jan. 10 for a limited time, KFC said on Tuesday.
WASHINGTON (Reuters) - The International Monetary Fund will release its World Economic Outlook on Jan. 25, a week later than planned, to factor in the latest COVID-19 developments, a spokesperson for the global lender said on Tuesday, amid signs another downgrade is coming.
SEOUL (Reuters) - Samsung Electronics (OTC:SSNLF) Co Ltd is likely to post a record fourth-quarter profit thanks to solid demand for server memory chips and higher margins in contract manufacturing, analysts' estimates showed.
SAN FRANCISCO (Reuters) - U.S. high performance chip maker Nvidia (NASDAQ:NVDA) Corp said Tuesday it has landed more deals with Chinese electric vehicle makers that want to use the company's technology to power software-driven features that could lure customers away from Tesla (NASDAQ:TSLA) Inc.
(Reuters) - Japanese electronics firm Sony (NYSE:SONY) Group Corp plans to launch a company in spring 2022 to explore entering the electric vehicle market, signalling ambitions to claim a slice of the fast-growing market for green mobility.
SHANGHAI (Reuters) -China's top market regulator said on Wednesday it has fined units of Alibaba (NYSE:BABA) Group Holding Ltd, Tencent Holdings (OTC:TCEHY) Ltd, and Bilibili Inc (O:BILI) for failing to properly report about a dozen deals.
According to public filings, China's State Administration for Market Regulation (SAMR) placed penalties of 500,000 yuan ($78,692) on the companies per deal, the maximum under China's 2008 anti-monopoly law.
*CHARLIE MUNGER’S DAILY JOURNAL NEARLY DOUBLES ALIBABA HOLDING $
(Reuters) - Apple (NASDAQ:AAPL) on Monday became the first publicly traded company with a stock market value of over $3 trillion, marking the latest milestone in the Silicon Valley heavyweight's spectacular stock surge since introducing the iPhone in 2007.
Apple's shares have climbed around 5,800% since co-founder and former Chief Executive Steve Jobs unveiled the first iPhone in January 2007
(Reuters) -Tesla Inc's shares started the year with stellar gains after the electric carmaker reported record deliveries for the fourth quarter, allaying fears of supply chain woes that have hit automakers.
WASHINGTON (Reuters) - Verizon Communications (NYSE:VZ) and AT&T Inc (NYSE:T) said late on Monday they had agreed to a two-week delay in deploying C-Band wireless spectrum, averting an aviation safety standoff that threatened to disrupt flights starting this week.
SHANGHAI/HONG KONG (Reuters) -China on Tuesday said it would put in force new rules that will strengthen oversight over how its platform companies make plans to list abroad or use algorithms, in moves set to further tighten Beijing's grip over its sprawling technology sector.
BOSTON (Reuters) - Wall Street's New Year optimism overpowered concerns about the coronavirus and inflation on Monday, with U.S. and European equity markets advancing in parallel with rising oil prices and U.S. Treasury yields.
TOKYO (Reuters) - Asia's factory activity grew in December as companies took rising global cases of the new Omicron coronavirus variant in stride, though persistent supply constraints and rising input costs clouded the outlook for some economies.
Alibaba (NYSE:BABA) shares slipped slightly early Monday amid concerns that investors may continue to sell the stock, with data showing the conversion of Alibaba's (BABA) ADRs into Hong Kong shares has picked up the pace
XPeng reports 16,000 vehicles delivered in December 2021, a 181% increase yr/yr
Li Auto announced that the Company delivered 14,087 Li ONEs in December 2021, representing a 130.0% increase yr/yr
$NIO delivered 10,489 vehicles in December 2021, increasing by 49.7% year-over-year.
$NIO delivered 25,034 vehicles in the fourth quarter of 2021, a new record-high quarterly delivery representing an increase of 44.3% year-over-year.
(Reuters) -Top U.S. infectious disease expert Anthony Fauci said there was still a danger of a surge in hospitalization due to a large number of coronavirus cases even as early data suggests the Omicron COVID-19 variant is less severe.
"The only difficulty is that if you have so many cases, even if the rate of hospitalization is lower with Omicron than it is with Delta, there is still the danger that you will have a surging of hospitalizations that might stress the healthcare system," Fauci said in an interview on Sunday with CNN.
(Reuters) -Tesla Inc on Sunday reported record quarterly deliveries that far exceeded Wall Street estimates, riding out global chip shortages as it ramped up China production.
It was the sixth consecutive quarter that the world's most valuable automaker posted record deliveries.
Tesla (NASDAQ:TSLA), led by billionaire CEO Elon Musk, delivered 308,600 vehicles in the fourth quarter, far higher than analysts' forecasts of 263,026 vehicles.