HALISTER1: U.S. ECO PREVIEW: Jobless Claims, Philadelphia Fed Due in 5 Min.

U.S. ECO PREVIEW: Jobless Claims, Philadelphia Fed Due in 5 Min.

(Bloomberg) -- Initial jobless claims seen at 250k in week ended Oct. 15 vs 246k prior week (forecast range 235k to 300k); represents inflow of workers receiving benefits.
  • Prior week’s claims lowest since 1973; claims have been below 300k for 84 consecutive weeks, longest stretch since 1970
  • Philadelphia Fed Business Outlook seen at 5 in Oct. vs 12.8 in Sept. (forecast range 2 to 15.7); gauge of sentiment in Philadelphia Fed district (Eastern Pennsylvania, Southern New Jersey, Delaware)
  • Prior month’s reading highest since Feb. 2015
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER: Verizon 3Q Operating Revenue Trails on Slower Subscriber Growth

Verizon 3Q Operating Revenue Trails on Slower Subscriber Growth

(Bloomberg) -- Verizon signed up 442,000 total monthly mobile subscribers in 3Q, down from 615,000 in 2Q, and trailed the 875,000 estimate average of 8 analysts surveyed by Bloomberg.
  • 3Q EPS 89c
  • 3Q adj. EPS $1.01, est. 99c
  • 3Q oper rev. $30.9b, est. $31.1b
  • 3Q wireless revenue $22.1b
  • 3Q wireline revenue $7.79b
  • 3Q postpaid churn 1.04%
  • 3Q postpaid tablet net change +221,000 , est. +580,000 (Bloomberg News)
    • 3Q postpaid net change +442,000 , est. +875,000
  • 3Q wireless Ebitda service margin 44.9%
  • 3Q FIOS video net change +36,000 , est. +59,000 (Bloomberg News)
  • 3Q adj. Ebitda $11.3b, est. $11.3b
  • Reaffirms Yr Forecast
  • Sees Yr Capex At Low End Of Range $17.2b to $17.7b
  • VZ Sees ’17 Consolidated rev. Organic Growth Consistent W/ Gdp
  • VZ Sees ’17 adjusted EPS Growth At ’normal Levels’
Statement NOTE:
  • 11 buys, 23 holds, 0 sells before today
  • Call 8:30am (NY time), (888)-455-3018 pw VERIZON
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
VZ US (Verizon Communications Inc)

People
Lowell McAdam (Verizon Communications Inc)

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UUID: 7947283

HALISTER1: ECB Decision Due in 5 Mins; Draghi to Speak in Frankfurt Later

ECB Decision Due in 5 Mins; Draghi to Speak in Frankfurt Later

(Bloomberg) -- Economists expect all three main rates to remain unchanged at the 1:45pm CET decision; ECB President Mario Draghi will answer questions from journalists 45 minutes later.
  • Draghi holds a press conference at 2:30pm CET; to watch a live video feed, see BBTV 243309956
  • Follow TOPLive for our real-time blog on the ECB rate decision and Draghi’s speech here TLIV 579F62E818A0000A
  • ECB main refinancing rate est. 0.00% vs prev 0.00%
  • ECB deposit facility rate est. -0.4% vs prev -0.4%
  • ECB marginal lending facility est. 0.25% vs prev 0.25%
  • For scrolling ECB news headlines: FIFW NI ECB BBG
  • NOTE: ECB CHECKLIST: Taper Timing, QE Tweaks And The Outlook for Rates
  • NOTE: Draghi Seen Keeping Up Suspense on Future of ECB Stimulus Plan
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
2539Z GR (European Central Bank)

People
Mario Draghi (European Central Bank)

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UUID: 7947283