Epstein Secrets

d of democracy and rights and freedoms that we enjoy here." It is in the realm of foreign policy that Cameron is most obviously Churchillian. Like Tony Blair, he is drawn to the idea of military intervention where human rights as well as national interest are at stake. It was he, not President Obama, who

bama will take some convincing. But if we don't sort out Syria—not to mention Somalia—who will? Will Americans warm to Cameron the way they did to Blair? Young, bold, and articulate, the two prime ministers have much in common. They also share the handicap that Britain is no longer the economic and

double-dip recession, tax revenues are down and spending on welfare is up. Result: progress on reducing the deficit has been negligible. Last month Moody's threatened to strip the U.K. of its AAA status. From an American vantage point, this is worrying. For regardless of who wins the presidential elec

tions in 30-yr bonds @ 1pm ($13B) Conferences: W Blair Growth Stock (Chicago), DB Global Industrials & B

.46%) CAD 1.0279 (+0.23%) Futures: Dow -8, Nasdaq -2, S&P -1 DXY $82.22 (+16c) Crude $82.53 (-10c) Gold $1618.50 (-90c) Spain cut 3 notches by Moody's to one level above junk with outlook still negative (Moody's also downgraded Cyprus). Spanish 10yr yield ticked up to 7.0% and currently 6.93% last

Economic Data: No major releases Conferences: W. Blair Healthcare (NYC) Analyst/Investor Days: CZZ, CAH

z Jan-Oct sales +8.0% on year at 169,070 units (DAI GY trading -0.33%) • Italy prosecutors seek trial for 5 and 2 Fitch employees (drop probe on 2 Moody's workers) (DJ) • Global business confidence falls to lowest level in 3 years (Markit Business Outlook Survey) • India industrial production unexpe

ran's Day, Eurogroup meeting in Brussels, William Blair Healthcare Conference, Earnings (DHI, JEC, CSOD)

full-year guidance looks better (trading +2.0%) • Diageo to buy 53.4% stake in India's United Spirits Ltd. for $2.04 billion (trading +0.56°/0) • Moody's is out saying that it will communicate its view on France within a few weeks • EU official says no Greek default on Nov 16 (€4 billion bond redempt

I, SunTrust downgrades CAD Key Research: William Blair initiates DLLR/FNGN/GDOT/MGI/WXS (op's) & ADS/DFS

, Republican Presidential debate tonight*** China's economy grew 9.1% vs 9.3% expected (slowest pace since 09) (Industrial Prod +13.8% beats ests) Moody's says may move outlook on France's AAA rating to negative from stable (BNP.FP -5.8%, GLE.FP -4.9%) German Oct ZEW Survey fell to 3 year low (-48.3 v

AFFX (convert) IPO's: N/A Key Research: William Blair initiates TIF (mp), Think initiates CTXS (hold),

May 23) (bid-to-cover 1.9 vs 1.7 prior) Italian industrial orders decreased -1.9% m/m in April (orders -12.3% in unadjusted y/y terms) next week Moody's to publish impact on Spain banks stemming from June's sovereign downgrade LCH lifts margin costs for trading most Spanish government bonds (effectiv

AG, UBS initiates CMG (n) Key Research: William Blair initiates ASGN (op), Baird upgrades UNF, MS initi

?, WYNN, CAKE after close*** BOE minutes out (unanimous 9-0 votes at last meeting on interest rates and £75 billion QE bump) Spain cut 2 levels by Moody's (3rd time in 13 months debt has been downgraded by Moody's) European banks vow $1 trillion cuts in the next two years as recapitalization looms (B

ch: Research: Research: GS upgrades CPHD (buy) & MYGN & downgrades DGX (sell) & reinstates TMO (buy) FBR initiates EIX (op) & downgrades AHT/DRH, MBlair initiates ALTR/XLNX (op's) Macquarie initiates EXPE (neutral) & PCLN (op), CLSA upgrades SREV (buy) KeyBanc initiates VECO & AIXG (holds), Piper up

ne says may act next month if economic data worse than expected French central bank governor Christian Noyer says French banks can handle a default Moody's downgrades long-term debt rating of 8 Greek banks (ratings carry a negative Hewlett-Packard confirms naming Meg Whitman as President & CEO (backs of

) Key Research: Stifel downgrades CBOE (sell), W Blair upgrades ESI/DV/EDMC & downgrades CPLA/STRA, Bof

argo Consumer (Las Vegas) & Citi Consumer (NY) conferences begin*** ***AZO & MDT earnings pre-open / AMAT, FMCN, PSS, TIVO, TTWO l's after close*** Moody's places 14 of the 18 British banks and building societies on review for potential downgrade China rating agency Dagong cuts U.K. rating to A+ from A