1. Econ Advisory
OCTOBER 19, 2011

2. Economy
Stocks slid today on Wall Street after The Federal Reserve gave a gloomy assessment of the U.S. economy
Citigroup to Pay $285M to SEC to Settle CDO Charges
Industrial production notched a slightly faster pace last month
Wholesale prices in the U.S. rose sharply last month on higher costs for gasoline, food and household detergents
Steelmakers have begun to slow production amid expectations of a poor fourth quarter and lower prices

3. Company Earnings Pain Spreads Unevenly Among U.S. Banks
Goldman posts a rare loss
BofA falls to No.2 in size
Citigroup profit rose 74%
Wells Fargo results missed forecasts
Morgan Stanley beats estimates on accounting gain and trading
Apple’s profit climbed, but didn’t sell as many Iphones as Wall Street was hoping for
IBM earnings rose 7%, but revenue missed analysts’ expectations
Intel posted its sixth record quarter of sales in a row, shrugging off worries about a softening PC market
Yahoo’s earnings fell 26%; fourth consecutive slowdown in the growth of display-ad sales
Google’s third-quarter earnings grew 26 percent and revenue grew 33 percent from last year

4. Performance – As of 10/19/11

5. Occupy Wall Street
Occupy Wall Street becomes NYC tourist stop