Good morning investors! Earnings will continue this week.
Today we cover:
What to expect this week
AI investments begin to deliver
Investing in art
📊 Economy and News
What to Expect this Week
Here’s what to keep an eye on this week:
Monday
Economic data: The US ISM Manufacturing PMI and construction spending figures are due, offering insight into factory activity and the health of the broader economy. Global manufacturing surveys will also be monitored.
Corporate earnings: Apple and Palantir report after the market closes. Apple’s results will be closely watched for updates on iPhone demand, its business outlook and its AI strategy under new CEO John Ternus. Palantir’s results should provide further insight into demand for AI-powered software and data analytics.
Tuesday
Economic data: US factory orders, durable goods orders and September job openings data are scheduled. These releases will help investors assess business demand and the strength of the labour market.
Corporate earnings: AMD, Super Micro Computer, Shopify and Pfizer report results, with investors looking for evidence that demand for AI chips, servers and data-centre equipment remains strong.
Political developments: The US midterm elections take place, with the results determining control of the House and Senate. .
Wednesday – Consumer and Technology Companies
Economic data: The US ADP employment report, September trade balance and ISM Services PMI are due.
Corporate earnings: Uber, McDonald’s, Kraft Heinz, DoorDash and Snap report. .
Other developments: The US Treasury is scheduled to announce its quarterly borrowing and refunding plans, which could influence bond-market sentiment and Treasury yields
Thursday – More Technology Earnings
Economic data: US weekly initial jobless claims and third-quarter productivity figures are scheduled.
Central bank developments: The Bank of England is scheduled to announce its policy decision. Other central banks, including Norges Bank, the Czech National Bank and Banco de México, also have policy announcements on the calendar. Federal Reserve officials are due to speak, potentially offering further clues about the US interest-rate outlook.
Corporate earnings: Cloudflare reports, with investors watching demand for cloud services and cybersecurity-related technology.
Friday
Economic data: The October US Employment Situation report is due, covering job creation, unemployment and wage growth. September employment was weaker than expected, while earlier figures were revised lower. The University of Michigan’s preliminary November consumer sentiment survey and September consumer credit data are also scheduled.
International data: Canada releases its October employment report, while Eurozone retail sales figures will provide another indication of consumer demand.
Corporate earnings: Moderna reports.
Global hits:
Saudi Arabia’s economy contracts 3.8% as war disrupts oil production.
Macau gaming revenue falls 10% in October despite Golden Week visitor surge.
South Korea exports surge 93.7% in October, fastest growth since 1974.
China’s factory activity shrinks in October, third contraction in four months.
Reminder: Iran offers 48-hour Hormuz reopening plan as Trump signals progress in talks. Elsewhere, OPEC+ keeps December oil output targets steady ahead of tougher call for 2027.
👨 Sponsored
Over the last 252 trading sessions through October, roughly 90% of the stock market's gains happened OVERNIGHT. While most traders were sleeping, the market was making its biggest moves. By the time the opening bell rang at 9:30 AM… much of the action was already over.
But something BIG just changed. Options on SPY, QQQ, IWM and several major stocks now trade starting at 7:30 AM Eastern. That's TWO HOURS before the regular market opens. NetPicks Coach Mike has developed NEW trading plans for this early session… and recorded a presentation showing how they work.
📈 Stocks
S&P 500 7,580.07 (-1.83%)
DJIA 51,770.31 (-1.09%)
NASDAQ 25,437.01 (-2.87%)
BRENT CRUDE 113.14 (+2.57%)
* Prices as of Nov 2nd, 12:20 AM UTC
AI Investments Begin to Deliver Measurable Business Results
Companies are increasingly seeing financial benefits from artificial intelligence (AI), as businesses shift their focus from investing in the technology to measuring its impact on revenue, costs and profitability.
Companies Report AI-Driven Gains
Santander: AI initiatives generated €194 million in business value during the first nine months of 2026. The technology is helping reduce routine tasks and improve customer services.
Novartis: The pharmaceutical company reported that AI is beginning to improve its profitability, particularly through marketing, sales and research and development productivity.
Standard Chartered: AI is improving business processes, strengthening customer relationships and helping revenue grow faster than costs as it plans to cut more than 15% of its support staff by 2030 thanks to AI.
Carlsberg: Although AI benefits have not yet reached a large scale, the company is using it in marketing, pricing, supply chain management and cost efficiency.
Big Tech Also Sees AI Growth
Meta said AI contributed substantial additional advertising revenue, while its overall revenue increased 26% in the third quarter.
Alphabet also reported strong growth in Google Cloud revenue, which more than doubled to nearly $31 billion in the third quarter. Interestingly, Meta’s ad business rose 26% in revenue in the latest quarter, while Google’s search unit grew just 12%. The gap reflects the benefits that Meta’s core advertising unit is getting from AI as ChatGPT and various agents take market share from search.
However, investors still do not always appreciate high CapEx investments.
Interesting: SpaceX loses bid to toss NAACP lawsuit over Memphis data center air pollution.
Binance resumes withdrawals following $6.3 billion hack, says 90% of stolen user assets are covered.
OpenAI pares fundraising goal, now seeking up to $20 billion in latest round.
💵 Personal Finance
Be a Art Collection: You Can Make Money!
Starting an art collection is more about passion than profit. Although art can be valuable, it often underperforms traditional investments, and predicting which artists will become successful is difficult.
Start Small and Explore Locally
New collectors should visit local galleries, art fairs and artist studios to discover emerging talent and develop their own taste. Building relationships with artists and galleries can also provide valuable market knowledge.
Choose Art Within Your Budget
$5,000: Consider prints and works on paper by established artists.
$10,000: Explore original contemporary artworks at auction.
$100,000: Consider high-quality works by artists represented by leading galleries and exhibited in major museums.
Research Before Buying
Study artists, compare gallery and auction prices, and check an artwork's authenticity and resale history. Be cautious of market hype, popularity and buying under pressure. Professional advice can help, but remember that dealers and auction specialists may have their own interests.
Collect for More Than Financial Returns
Art involves additional costs, including insurance, shipping, framing, storage and resale fees. It is also an illiquid and unpredictable investment. For most beginners, the greatest rewards are cultural enrichment, personal enjoyment and supporting artists.
💰 Be a Better Investor
"It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for."
What did you think of today's newsletter?
👩🏽⚖️ Legal Stuff
FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT ADVICE. Morning Download products and services are offered for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation or be relied upon as personalized financial advice. We are not financial advisors and cannot give personalized advice. There is a risk of loss in all trading, and you may lose some or all of your original investment. Results presented are not typical. This message may contain paid advertisements, or affiliate links. This content is for educational purposes only.
Please review the full risk disclaimer: MorningDownload.com/terms-of-use