It is the 19th of October 2017

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Martin Shkreli: "Prison Life Isn't That Bad"

Martin Shkreli says prison life at the notorious “Club Fed” jail in Brooklyn isn’t all that bad.

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Q3 Earnings Season Begins This Week: Here Are The 3 Things Goldman Clients Are Focusing On

It's that time in the quarter again: 3Q earnings season begins this week with Wall Street consensus expecting S&P 500 EPS growth of just 5% (3% ex-Energy), a sharp drop from the last two quarters (Q1 was+14% and Q2 +11%). According to Goldman's Davis Kostin, "solid economic activity coupled with a weak USD will support sales growth of 7%, consistent with the past two quarters." The Goldman strategist also expects margins to slip slightly to 9.7% but remain near record highs, and that "investors will ignore the EPS slowdown given one-time hurricane effects and the focus on benefits from corporate tax reform."

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"My Watch Is Off": HSBC Traders Used Code Words To Trigger Front-Running Trades

According to prosecutor Carol Sipperly, former HSBC currency trader Mark Johnson used just four words to trigger a massive, international front-running operation that netted his firm some $8 million in illicit profits: "my watch is off."

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