Tonight’s Agenda

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2. Tonight’s Agenda • Announcements • Hurricane Sandy Devastates Northeast • Election Update • October Jobs Report • U.S. Earnings • Baidu and China Outlook • More Apple Trouble

3. Stock markets closed on Mon., Tues. as storm hobbles New York

4. Effects of Hurricane Sandy • Forced all U.S. Stock exchanges to close for first time in over 20 years due to natural disaster. • Prompted discussion of having a back-up system of some kind/ moving the finance district to area like Arizona. • Millions still without power/ thousands of homes destroyed. • Estimated costs as high as $60 Billion!

6. Flat for Week S&P Recap:

8. Election Update: 2 days out 270 Needed to Win!

9. Swing States

10. Romney-Obama Tie?

11. Jobs Situation- October

12. Fri23 Nov. 2 | 8:30 AMET Santelli Argues over jobs numbers

14. Shell Earnings • Reported earnings on Thursday • Expected earnings: $6.31 Billion, $1.93 per share • Q3 Profit: $6.1 Billion (down 15%) • Q3 Revenue: $115.43 Billion (down 8.4%) • 2.98 million barrels of oil and equivalents per day, down from 3.01 a year ago

15. Chevron Earnings • Reported earnings on Friday • Production fell • Sold oil and gas at lower prices • August refinery fire hurt refining business • Gulf of Mexico operations hurt from Hurricane Isaac

16. Chevron Stock Performance (11/2/12) • Stock price falls on weak earnings • Closed at 108.37 3.09(2.77%) • 1 year % change: 3.66%

17. Exxon Mobile Earnings • Beat estimates of $1.95 EPS with earnings of $2.09, but down from 3Q 2011 • Revenue beat forecasts, but down 8% from 3Q 2011 • Stock closed on Thursday at $91.60 up $.43 • Stock declined on Friday compared to Oil and Gas Industry

18. Exxon Mobile • Production: 3.96 million barrels day (down 7.5%) • Movement of drilling equipment to areas of higher concentrations of oil, since it is more profitable • Production should begin to increase

19. Oil and Gas Industry • Sluggish global economy has cut demand. • Revenue has decreased due to lower oil and natural gas prices, and lower production.

20. Key Credit Card Earnings

21. Visa Tops Forecast, Authorizes $1.5 Billion Buyback • Beat EPS estimate of $1.50 by $.04 or 2.67% • Posted revenues of $2.73B against the $2.52B estimate • Total processed transactions up • 4.1 B cards, firmly ahead of MasterCard 3.34%

22. MasterCard profit beats as world charges more • Beat EPS expectations of $5.92 by $.25 or 4.22% • Posted revenue of $1.92B which missed expectations of $1.94B • Increase in total Processed transactions • Up to 1.9B cards 1.85%

23. Consumer Spending • The Confidence Board index of confidence reached 72.2, the highest since February 2008. Up from 40.9 a year ago. • Goal of 90 that is consistent with a healthy economy • “We see extraordinary opportunity for growth in the payments industry.“ –MasterCard Management

24. U.S. Auto “Big 3” Earning Results • October sales – best in 5 years • Expects high sales level to continue into 2013 • Dodge Ram and Caravan sales up big Chrysler (Fiat)

25. GM beats by wide margin, shares jump • Surprisingly strong profit • Expecting full year operating loss of $1.5 t0 $1.8 billion in Europe • Targeting return to breakeven levels mid-decade • Cutting jobs in Europe • Reducing fixed costs – target of $500 million • Good not great outlook

26. Wed 31 Oct 12 | 07:51 AM ET GM Q3 Earnings Big Beat

27. Ford Profit beats Wall St. Forecast • Profit trounced expectations • +33% surprise in EPS • Record high profit margins in North America • Hurt in Europe • Announced three plant closures • First profit in Asia Pacific/Africa since second quarter 2011 • Margins will decrease, but optimism remains

28. Baidu: The "Google" of China

29. The company had revenue of 994.6 million for the quarter, compare to the consensus estimate of 998.37 million. • Baidu was downgrade by analysts at Citigroup from a buy rating to sell rating. • Credit Suisse set Baidu price target at 82. Now traded at 106

30. 5 YR. 156%

31. Diversity: Google vs. Baidu • Google acquired and merged more than a hundred companies, in which includes map analysis, advertising, mobile software, video, etc. • Baidu mainly focus on search engine, which includes text search, domain search, music search, people search, etc. • If Google can be unblocked?

32. Forecast • 18th National Congress of the Communist Party of China on Nov. 9, 2012 • Unveil the policies and decision-making for the next 4 years

33. HSBC PMI • China’s manufacturing industry enjoyed an improvement in trading conditions during October, with the latest HSBC Purchasing Managers’ Index™ coming in at 49.5 – up from 47.9 the previous month. • The upward swing was in part thanks to a rise in new orders – the first increase for a year.   • Although the rate of contraction slowed in October, the figure of 49.5 still represents the 12thmonth in a row in which the industry has shrunk.

34. Apple Down big post Ipad Mini Release

36. Closed below 200 day Moving Average on Friday

37. Reminders! Only 2 Meetings Left!! Guest Speaker Next Week Vote on Prizes for Investment. competetion