Pentagon in Talks on Ukraine Starlink Funding, but Elon Musk Says Request 'Withdrawn'
The Pentagon and SpaceX have held discussions about funding for the company's Starlink internet service in Ukraine, a senior military official said Monday, but Elon Musk indicated that SpaceX is no longer seeking that support.
In a tweet, Mr. Musk said SpaceX, the space travel-and-satellite company he founded, had "already withdrawn its request" for funds for the service. The Ukrainian military has been using Starlink connections during its campaign against Russian forces who invaded the country earlier this year, with officials describing the service as a crucial part of their war effort.
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Earnings:
None scheduled
Economic Indicators (ET):
0815 Sep Housing Starts
0830 Aug International transactions in securities
Stocks to Watch:
Canfor Pulp Temporarily Curtailing Intercontinental Pulp Mill; Cites Lack of Available Economic Fibre; Expects Regular Operations to Resume Oct. 24; Fibre for Pulp Mills 'Increasingly Constrained Due to the Impacts of the Decreasing Allowable Annual Cut, the End of the Mountain Pine Beetle Epidemic, Wildfires and Reduced Sawmill Capacity'
Expected Major Events for Tuesday
08:00/ITA: Aug Foreign Trade EU
08:30/UK: Jul Card Spending statistics
09:00/GER: Oct ZEW Indicator of Economic Sentiment
12:15/CAN: Sep Housing Starts
12:30/CAN: Aug International transactions in securities
12:55/US: 10/15 Johnson Redbook Retail Sales Index
13:15/US: Sep Industrial Production & Capacity Utilization
14:00/US: Oct NAHB Housing Market Index
20:00/US: Aug Treasury International Capital Data
20:30/US: 10/14 API Weekly Statistical Bulletin
23:01/UK: Sep Scottish Retail Sales Monitor
23:01/UK: REC JobsOutlook survey
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Expected Earnings for Tuesday
ASA Gold & Precious Metals Ltd (ASA) is expected to report for 3Q.
Albertsons Companies Inc (ACI) is expected to report $0.60 for 2Q.
AmeriServ Financial Inc (ASRV) is expected to report for 3Q.
Auburn National Bancorporation Inc (AUBN) is expected to report for 3Q.
Bank First Corp (BFC) is expected to report $1.60 for 3Q.
Cambridge Bancorp (CATC) is expected to report $2.01 for 3Q.
Commerce Bancshares Inc (CBSH) is expected to report $1.03 for 3Q.
Equity BancShares Inc (EQBK) is expected to report $0.81 for 3Q.
FNB Corp (FNB) is expected to report $0.36 for 3Q.
FTI Consulting (FCN) is expected to report $2.00 for 4Q.
First Horizon Corp (FHN) is expected to report $0.44 for 3Q.
Fulton Financial Corp (FULT) is expected to report $0.39 for 3Q.
Goldman Sachs Group (GS) is expected to report $7.75 for 3Q.
Hancock Whitney Corp (HWC) is expected to report $1.53 for 3Q.
Hasbro Inc (HAS) is expected to report $1.41 for 3Q.
Home Bancorp (HBCP) is expected to report $1.29 for 3Q.
Interactive Brokers Group Inc (IBKR) is expected to report $0.98 for 3Q.
Intuitive Surgical Inc (ISRG) is expected to report $0.93 for 3Q.
J.B. Hunt Transport Services Inc (JBHT) is expected to report $2.49 for 3Q.
Johnson & Johnson (JNJ) is expected to report $2.25 for 3Q.
Lockheed Martin Corp (LMT) is expected to report $6.56 for 3Q.
Mercantile Bank Corp (MBWM) is expected to report $0.98 for 3Q.
Mueller Industries (MLI) is expected to report for 3Q.
Netflix Inc (NFLX) is expected to report $2.14 for 3Q.
Nicolet Bankshares Inc (NIC) is expected to report $1.73 for 3Q.
Omnicom Group (OMC) is expected to report $1.67 for 3Q.
Orrstown Financial Services Inc (ORRF) is expected to report $0.57 for 3Q.
Pinnacle Financial Partners Inc (PNFP) is expected to report $1.90 for 3Q.
Pzena Investment Management Inc (PZN) is expected to report $0.04 for 3Q.
Signature Bank (SBNY) is expected to report $5.41 for 3Q.
Silvergate Capital Corp (SI) is expected to report for 3Q.
State Street Corp (STT) is expected to report $1.77 for 3Q.
Truist Financial Corp (TFC) is expected to report for 3Q.
United Airlines Holdings Inc (UAL) is expected to report $2.22 for 3Q.
United Community Banks (UCBI) is expected to report $0.74 for 3Q.
Waterstone Financial Inc (WSBF) is expected to report $0.29 for 3Q.
Wintrust Financial Corp (WTFC) is expected to report $2.02 for 3Q.
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ANALYST RATINGS ACTIONS
Albertsons Cut to Neutral From Buy by Guggenheim
Church & Dwight Raised to Equal-Weight From Underweight by Morgan Stanley
Citi Trends Raised to Hold From Reduce by Gordon Haskett
Clorox Raised to Equal-Weight From Underweight by Morgan Stanley
Cloudflare Raised to Overweight From Equal-Weight by Wells Fargo
Edgewell Personal Care Cut to Underweight From Equal-Weight by Morgan Stanley
First Republic Bank Raised to Strong Buy From Market Perform by Raymond James
FirstCash Holdings Raised to Neutral From Underperform by Credit Suisse
Fox Corp. Cut to Neutral From Outperform by Credit Suisse
Green Dot Cut to Market Perform From Outperform by William Blair
Hims & Hers Health Cut to Neutral From Overweight by Piper Sandler
Minerva Neurosciences Cut to Market Perform From Market Outperform by JMP Securities
NeuBase Therapeutics Cut to Neutral From Buy by Chardan Capital
NGM Biopharmaceuticals Cut to Hold From Buy by Jefferies
NGM Biopharmaceuticals Cut to Neutral From Overweight by Piper Sandler
NMI Holdings Cut to Market Perform From Outperform by Keefe, Bruyette & Woods
Opendoor Technologies Cut to Sell From Neutral by Goldman Sachs
Prologis Raised to Sector Outperform From Sector Perform by Scotiabank
Radian Group Raised to Outperform From Market Perform by Keefe, Bruyette & Woods
Regeneron Pharma Cut to In-Line From Outperform by Evercore ISI Group
Solid Biosciences Cut to Market Perform From Outperform by SVB Leerink
Terreno Realty Cut to Sector Perform From Sector Outperform by Scotiabank
Westlake Cut to Hold From Buy by Deutsche Bank
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
10-18-22 0536ET
