U.S. Morning Call: It's now or never for Obama & Romney
Tuesday, November 06, 2012 - 02:58
Nov 6 - U.S. stock futures pointing to a slightly higher open as U.S. voters head to the polls.
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It's Election Day in the US and over 120. Million voters will decide who leads the country for the next four years. It's still a very tight race let's speaking in your Tuesday morning call. US stock futures point to earth like gates at the open as investors focused on the outcome of the election. National opinion polls show President Obama has a slight edge over governor Romney in several key swing states. Most notably Ohio that -- -- in -- 270 electoral votes he needs to win. The balance of power in the US congress also at stake. The outcome of the senate and house races could impact the fiscal -- talks on spending cuts and tax increases. Those discussions kick in at the end of the year unless a deal is reached. Now some stocks to watch keep my -- shares of the NYSE today. The world's largest stock exchange operator reported net revenue fell 21%. To 559. Million for the third quarter from weaker trading in the US and Europe. And we're seeing it up in shares of apple today. Up five bucks after the tech Bellwether sold three million iPad is in its first weekend. Driving optimism for strong holiday quarter despite intense competition. Other apple related news securities regulator is investigating alleged unauthorized trades in apple shares at rocked a securities. The brokerages Balanchine and forced them to seek help. That according to the Wall Street Journal. Looking ahead at quarterly results analysts expect Rupert Murdoch's News -- to -- increase earnings when it reports after the bell. Investors eager to hear about the ad climate despite sluggish broadcast ratings this season. Earnings from discovery AOL and Cablevision may also offer clues on ad revenue. And out today CVS Caremark posting higher quarterly profit and raising its expectations for the year. The drugstore attracted new clients to a rift between Walgreens and Express Scripts that was resolved later. And speaking of Express Scripts shares of the company down 12% premarket after falling 14%. At Monday's close. The benefits manager announced that analysts' forecasts for a 2013 results were too bullish. Casting doubts on how it's 29 billion dollar purchase of -- is working out. Another company in reverse this morning -- and slashing its earnings forecast for 2012. Amid plunging sales in China and yours -- debt crisis. Suzuki faring even worse after thirty years of doing business in the US. The automaker is filing for Chapter Eleven bankruptcy in California court it will stop selling cars here and just focus on motorcycles -- That's Tuesday morning call for more news follow us on Twitter at Reuters Insider and check out our YouTube channel. At Reuters dot com slash Reuters TV. I'm Lisa Bernard this is writers.
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