1. Econ Advisory
October 17, 2017

2. Portfolio Performance

3. Market Performance

4. Portfolio Highlights Alphabet Constellation Brands Domino’s Pizza
The British government is rumored to consider classifying and regulating Alphabet as news publishers rather than platforms
Constellation Brands
Northern California fires threaten grape supply for its wines
Domino’s Pizza
Beat Q3 estimates in US comparable stores sales, international comparable stores sales, and earnings per share
Enbridge
Trump Administration awarded Enbridge with a presidential permit to complete the Line 67 pipeline, doubling its capacity
Upgrades:
Macquarie upgrades Chevron
Morgan Stanley reiterated overweight for Constellation Brands
Credit Suisse raises Alphabet target

5. Econ / Market Summary
The Dow broke past 23,000 milestone for a new record (but closed down 2.5pts)
NAFTA negotiations are stalling as Canada and Mexico reject US terms
They cite ”significant conceptual gaps” and do not anticipate a deal by the end of the year
They still claim they are open to negotiations, though
Bipartisan bill introduced to the Senate regarding the Affordable Care Act
Preserve for two years the billions of dollars in payments made to insurers to help offset consumers’ out-of-pocket costs
Restores $106 million in funding for outreach
Vetting process under way for new chair of the Federal Reserve
Rumors of Aramco IPO falling apart

6. Upcoming Events Macro Events: CCI Events: SIC Events:
Fed Balance Sheet on Thursday
Janet Yellen speaks on Friday
CCI Events:
Tuck Bridge – Tomorrow at noon (Proctor Terrace)
Tuck Bridge info session on Oct. 26th at 6pm in Axinn 219
SIC Events:
Fall Finance Trip next week
Apollo Global Management is looking for sophomore women for an internship. If you’re interested, contact Sarah Breckinridge