00:00all right futures are in the green here this morning for this wednesday morning october 15th
00:11s p futures up 0.68 dow futures up 0.5 and the nasdaq futures up 0.86 ahead of today's open
00:21let's take a look at some cues from last session industrials consumer staples and financial stocks
00:27recorded the biggest gains on tuesday leading most s p 500 sectors to a positive close though
00:34consumer discretionary and information technology stocks ended up closing lower among the big banks
00:41that reported on tuesday surpassing analyst expectations were wells fargo citigroup jp
00:48morgan and goldman sachs investors are awaiting results from bank of america morgan stanley and
00:54abbott labs here this morning and i believe bank of america is out that's trading higher
01:00morgan stanley i saw that that is out that's trading higher and abt here is trading a little bit lower
01:07on the back of its earnings report meanwhile the futures were rejoicing from comments from the
01:13federal reserve chair jerome powell who said that quote downside risks to employment appear to have
01:19risen end quote this implies more rate cuts are in the cards so maybe we do get our cut here in october
01:26the 10-year treasury bond yielded 4.01 percent and the two-year bond was at 3.47 percent that 10-year
01:34bond is stubbornly hanging on to that four handle we'd love to see that trade into the three handle
01:39some stocks in focus it's going to be some of those banks here bank of america rose 0.76 percent
01:45ahead of its earnings before the opening bell analyst estimates uh estimates excuse me earnings
01:51of 96 cents per share and revenue of 27.5 billion morgan stanley uh that advanced 1.52 percent as
02:01analyst earnings uh estimate earnings at 210 per share on revenue of 16.7 billion and abbott labs uh that
02:09was up 0.36 percent higher ahead of its earnings before the opening bell analyst estimates uh earnings
02:15of 130 per share on revenue of 11.4 billion so of those three abt abbott labs the only stock to trade
02:22lower so far asml also uh in play here today that jumped 3.74 percent after reporting better than expected
02:32third quarter bookings company said net bookings rose to 5.4 billion euro or 6.27 billion in the third
02:41quarter 6.27 billion u.s dollars uh in the third quarter also papa john's shares uh ticker pzza shares
02:50surged 11.69 percent following reports that apollo global management has submitted a new takeover bid
02:56apollo sent papa john's a fresh offer last week to take the pizza chain private for 64 a share that post
03:05was according to reuters by the way ticker pzza did trade up to a high of 57 in the after hours yesterday
03:13currently hovering just beneath 54 at 53 80
03:17so
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