EFTA00489485.pdf

From: Ike Groff <I To: "Lesley Groff Subject: FW: 7 Things Pre 930 Date: Mon, 14 Jan 2019 12:57:32 +0000 Inline-Images: image00 Lgif; image002.png It could be fun for Ty and Henry to go to the Detroit Auto show. I have not been in years but there are cool cars https://naias.com/ Ike Groff 1680 Washington Blvd I Stamford, CT 06901 w Description: Description: From: Lublck, Nathanael [mailto Sent: Monday, January 14, 2019 6:59 AM To: Lubick, Nathanael Subject: 7 Things Pre 930 1) Earnings Pre-> AEO, C 2) Chinese Economy in Spotlight- Despite suffering its worst month in two years, China's massive export industry has tallied up a record trade surplus with the United States in 2018. Data published by the Chinese Government on Monday showed that in December the value of goods shipped from China to the rest of the world fell by -4% YoY. The $323 Billion gap in value between the amount that China sells to the United States and the amount that China buys from the United States has been at the crux of the Trade War disputes between the world's two largest economies. The U.S actually has an even higher estimate for that surplus gap at $345 Billion. 3) Global Market Overview- U.S Stock Futures are trading lower -.90% vs. 2596. European markets have open lower in early trading following a Red day in Asian equity markets. 4) More Sour Apple News- One of the largest Apple Suppliers in Europe, Dialog Semiconductor, warned on Monday that its 4Q sales will be coming in at the bottom of the range that it provided back in October. This is just the latest sign that the weak iPhone sales in China are having a larger effect on Apple suppliers that rely on the tech behemoth for orders. Apple warned investors earlier this month that it would be missing its sales target for 4Q'18 by at least $5 Billion due to slower than expected sales in China. 5) Detroit Auto Show- The most important WORYSTIBWIli the U.S will kick off on Monday in Detroit anA investors/vehicle junkies will get a first glance at a slew of new cars that will be making their official debut. The biggest news for the industry may wait until Tuesday though as Ford and Volkswagen are expected to formalize their widely expected partnership. Ford plans to spend $11 Billion over the next 3-5 years to reshape the firm's technologies and focuses. 6) Important Events this week Monday-> C Earnings Tuesday-> 1PM/WFC/DAL/UAL Earnings Wednesday-> GS/BAC/BLK Earnings Thursday-> AXP/NFLX Earnings 7) Monday markets look- • IM futures (22.8), or (0.88%), vs Fridays settlement • FTSE 100 (0.75%) to 6866.46 • DAX (0.62%) to 10820.34 • Nikkei closed • Hang Seng (1.38%) to 26298.33 • 10-year yield (3) bps to 2.67% EFTA00489485 • WTI Crude (Feb 19): ($0.82) or (1.59%) to $50.77 • Gold (Feb 19): +$5.30 or +0.41% to $1294.80 -NATE Nathanael Lubick Analyst I Equity Products' US Sales Trading 3 Times uare I 27th Floor I New York, NY, 10036 T: I M: AIM: NathanaelLubickBMO id:image001.9i401D03EEB.A6 - 001FT0 This email and any files transmitted are confidential and intended for institutional investors and is not subject to all of the independence and disclosure standards applicable to research reports prepared for retail investors. This electronic communication has been prepared by Tourmaline Partners, LLC for distribution to Tourmaline Partners, (LC ("TOUR") clientele. This communication is not intended for public dissemination and the recipient is prohibited from sharing this information. This communication has been prepared for institutional accounts, as defined within FINRA Rule 4512(c), who (1) are capable of evaluating investment risks independently, both in general and with regard to all transactions and investment strategies involving a security or securities; and (2) will exercise independent judgment in evaluating the recommendations of any broker-dealer or its associated persons. Any desk commentary may be inconsistent, and reach different conclusions, with other TOUR trading desk material or independent third party research reports. TOUR is under no obligation to bring them to the attention of recipients of this information. This communication is provided for information purposes only and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or financial instrument. TOUR is a registered broker-dealer and a member of FINRA and SIPC. For additional disclosures, please visit EFTA00489486