Halister News

(Bloomberg) -- Gross domestic product seen at +3% in 3Q revision vs prior +2.9% (forecast range +2.8% to +3.3%); data track value of all goods and services produced in U.S.

• Today’s report will include initial data on 3Q corporate profits, which have declined in 5 of past 6 quarters
  • “Expanding corporate profits are critical to the health of the private sector. Until the expansion resumes, a pickup in business investment is likely to remain elusive and the prospect for sustained, robust hiring gains will also be in jeopardy": Bloomberg Intelligence
• Initial 3Q GDP report, issued Oct. 28, showed rising inventories, along with an increase in soybean exports, offset lackluster consumer spending