North American Morning Briefing: Stock to Steady-2-

An unnamed North Korean deputy director of national defense overseeing military equipment said Russia has never exported military weapons and has no plans to do so. But the Kim regime insists on its “legitimate right” to develop, produce and possess such weapons, as well as export and import military equipment, the unnamed official said in a state-media statement published Thursday local time. .

   
 
 

Russia’s growing threat over Ukraine’s Royal UN meeting

Un-Russian President Vladimir Putin’s threat of a nuclear response to battlefield damage in Ukraine fueled a new sense of urgency ahead of Thursday’s UN Security Council meeting as member states scramble to address the escalating crisis. work and question whether there are longstanding differences between the permanent members. has become a hindrance to global security.

Mobilizing support among the US and its allies is working to take a stand against Moscow’s latest moves as world leaders gathered this week for the first fully-fledged UN General Assembly since the start of the pandemic Were. Tensions at this year’s gathering appear more intense than in previous meetings after Mr Putin’s recent mobilization of 300,000 reservists and annexed parts of Ukraine, and his nuclear threats.

   
 
 

Government wins appeal over Mar-a-Lago classified documents

WASHINGTON—An appeals court accepted the Justice Department’s request late Wednesday to retain control of classified material seized at former President Donald Trump’s Mar-a-Lago resort and those documents in a major victory for the government. Continue your criminal investigation in handling. ,

In a 29-page decision, the 11th Circuit US Court of Appeals in Atlanta overturned a federal judge’s earlier order that barred federal agents from using nearly 100 classified documents seized as part of its investigation. was stopped, was there a national-security risk. It was presented with the way highly sensitive government material was being kept at Mr Trump’s Florida home.

   
 
 

Joe Manchin issues bill as BALCO legislates to speed up energy projects

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Washington-Sen. Joe Manchin (D., WVA) on Wednesday released full details of his permit-overhaul bill aimed at speeding up the approval process for energy-related projects across the country.

The 91-page proposal will expedite the timeline for environmental reviews of major energy projects such as pipelines, transmission lines and wind farms. It would set a target of two years for the duration of the widest range of reviews required by the federal government’s National Environmental Policy Act.

   
 
 

Write in Canada today at [email protected]

Earnings:

Vecima Network 4Q

Economic Indicators (ET):

0830 August New Housing Price Index

0830 July Employment Insurance

   
 
 

Major Events Expected for Thursday

05:00/jpn: August Steel Production

05:00/JPN: August Supermarket Sale

05:30/JPN: August Tokyo Area Department Store Sale

05:30/JPN: August Nationwide Department Store Sales

06:45/FRA: September Monthly Business Survey (Goods Producing Industries)

08:30/UK: 2Q Trade Finance Review

08:59/JPN: Japan Monetary Policy Meeting Decision

11:00/UK: Summary of business conditions for 3Q agents

11:00/UK: UK interest rate decision

12:30/US: 2Q International Transactions

12:30/CAN: August New Housing Price Index

12:30/CAN: July Employment Insurance

12:30/US: 09/17 Unemployment Insurance Weekly Claims Report – Preliminary Claims

12:30/US: US Weekly Export Sales

13:00/Russia: Weekly International Stores

14:00/US: August Leading Indicator

14:30/US:09/16 EIA Weekly Natural Gas Storage Report

15:00/USA: September Federal Reserve Bank of Kansas City Survey of Tenth District Manufacturing

20:30/US: Federal Discount Window Borrowings

20:30/US: Foreign Central Bank Holdings

23:01/UK: September UK Consumer Confidence Survey

All the time in GMT. OnExclusive and powered by Dow Jones.

   
 
 

Expected Income for Thursday

AAR Corp (AIR) is expected to report $0.58 for 1Q.

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Accenture plc (ACN) is expected to report $2.56 for 4Q.

Applied Genetic Technologies Corp. (AGTC) expects to report $0.33 for 4Q.

CalAmp (CAMP) is expected to report $-0.24 for 2Q.

Costco Wholesale Corp (COST) is expected to report $4.19 for 4Q.

Darden Restaurants (DRI) expects to report $1.56 for 1Q.

Dynatronics Corp (DYNT) is expected to report for 4Q.

FactSet Research Systems (FDS) expects to report $2.76 for 4Q.

FedEx Corp (FDX) is expected to report $3.67 for 1Q.

IBEX Limited (IBEX) is expected to report for 4Q.

Radiant Logistics (RLGT) expects to report $0.32 for 4Q.

Scholastic Corp (SCHL) is expected to report for 1Q.

Vecima Networks (VCM.T) is expected to report for 4Q.

Webco Industries Inc. (WEBC) is expected to report for 4Q.

OnExclusive and powered by Dow Jones.

   
 
 

analyst rating action

Arista Networks scaled from equal-weight to overweight by Barclays

Arthur J. Gallagher & Co. Cut to Neutral from Overweight by Piper Sandler

Cisco Systems cuts equal-weight from overweight by Barclays

Estee Lauder Picks to Buy from Neutrals by Goldman Sachs

Equal weight cut from overweight by HF Sinclair Wells Fargo

Mizuho. Buy by Micron Technology Cut to Neutral

Oxford Industries neutralized by sell-off by Citigroup

PBF Energy Boosted From Neutral to Overweight by JP Morgan

Pulse Biosciences Cut to Stop Buying by Maxim Group

Buy from Neutral by Renovacore Cut BTIG

Sotera Health Cut From Underweight to Overweight by JP Morgan

Stitch Fix Cut to Hold from Buy by Canaccord Genuity

Mizuho from Western Digital Cut to Neutral. buy by

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This article is a text version of the Wall Street Journal newsletter published earlier today.

 

(END) Dow Jones Newswires

September 22, 2022 05:39 ET (09:39 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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