00:05 Speaker A
Time now for To Watch Friday, October 31st. We’re going to start off on the earnings front here. We’re getting some key reports from the energy sector on Friday.
00:13 Speaker A
That’s going to include Exxon, Mobile, Chevron, and Dominion. Exxon announced results for the third quarter in the morning.
00:20 Speaker A
analysts expecting the company’s Q3 results to get a boost from its downstream businesses, which could add about 1.1 billion to profits, but lower oil prices might hurt earnings by about 700 million.
00:30 Speaker A
We move over to the Federal Reserve, some more commentaries coming on Friday from Fed presidents Lori Logan, Beth Hammock, and Raphael Bostic.
00:39 Speaker A
This is coming after the Fed cut interest rates by 25 basis points on Wednesday, Fed Chair Jerome Powell saying in the press conference that there are strongly differing views about how to proceed and that another cut in December is far from a foregone conclusion.
00:50 Speaker A
And taking a look over at the media space, too, Disney and YouTube TV, they are facing off in a high stakes dispute that could pull ABC and ESPN off the Google-owned platform if a new deal isn’t reached by midnight.
01:03 Speaker A
YouTube TV now topping 10 million subscribers is pushing for shorter, cheaper contracts as it gains leverage over traditional media giants like Disney.
