A debt default averted. And the government re-opening too.
All part of a short-term agreement, passed after most of us went to sleep. So
what's the real deal? Under the bargain, the government will reopen until January
15th, ending what had been a 16-day shutdown. Meanwhile, the debt ceiling will
be raised to keep the country paying its bills through February 7th. Under the
agreement, lawmakers are also supposed to reach hammer out a blueprint for
long-term for tax and spending policies by December 13th. So, have we done
anything more than set the stage for another stalemate? Yahoo Finance Senior
Columnist Mike Santoli has more in the video above.
Three companies in the Dow are just out with earnings:
Goldman Sachs (GS), Verizon (VZ) and UnitedHealth Group (UNH). Goldman easily
beat on the bottom line with adjusted earnings of $2.88 a share versus
expectations of $2.47. Revenue, however, was below estimates at $6.72-billion
versus $7.35-billion. As for Verizon, it beat on both the top and bottom lines
with adjusted earnings of 77-cents a share versus 74-cents on sales of
$30.28-billion versus $30.161-billion. Finally UnitedHealth matched on earnings
estimates reporting $1.53 a share. Revenue was slightly under estimates at
$30.62-billion compared to $30.86-billion. Read more.
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