Business

Submitted by RanSquawk

The BLS will release the October Employment Report at 08:30am ET on Friday, November 3.  The Street is looking for a veritable surge in hiring following the hurricane-related disruption last month sent monthly payrolls to the first negative print in 7 years. Analysts also expect wage growth to continue rising: Median forecasts looks for 310k nonfarm payroll jobs, with average hourly earnings rising rise to 2.7% Y/Y

Key forecasts:

Poor Monsanto just can't catch a break these days. 

Just yesterday we noted that Monsanto's RoundUp replacement, Dicamba, was causing outrage in the ag community as state regulators all across the country were suddenly being flooded with reports from farmers saying the product is increasingly becoming airborne and killing crops far away from the fields where they were actually applied.  Ironically, farmers don't like their livelihood being wiped out by a neighbor's spray drift...go figure.

One week ago, we and many others wondered, if the time has finally come for Venezuela, which was facing a "no grace period" $842 million principal payment for bonds issued by state-run energy company PDVSA, to default on its billions of unrepayable obligations. As we reported then, the liquidity crisis for Venezuela was especially acute because even if it did make the first PDVSA payment, it was facing a second, even larger one today, when PDVSA had to make another $1.121BN payment.

The forty-year down-trend - of shorter and shorter Fed Chairs - just broke aggressively higher...

Will rates follow?

Just two weeks ago, we detailed the launch of a new A.I.-driven equity ETF whose human 'manager' claimed:

"EquBot AI Technology with Watson has the ability to mimic an army of equity research analysts working around the clock, 365 days a year, while removing human error and bias from the process.”

According to Chida Khatua, CEO and co-founder of EquBot LLC: