North American Morning Briefing: FedEx Warning -2-

09/16/2022 | 05:37am

In an order Thursday, Judge Cannon named Raymond J. Dearie, a former chief federal judge in New York, as a special master to assess the seized materials to determine whether they are protected by any privileges, and make recommendations over any disputes between the government and Mr. Trump about how the items are characterized. Mr. Trump's legal team had recommended Mr. Dearie to the post, and the Justice Department said he was an acceptable choice.


California's New Online Child Protection Law Will Challenge Companies

A new California law on children's data privacy could be a headache for many companies, especially smaller ones, according to privacy experts.

California, a forerunner with respect to internet data privacy, has upped the ante with the California Age-Appropriate Design Code Act, which is modeled after U.K. children's privacy rules implemented last year. Gov. Gavin Newsom, a Democrat, signed the bill into law on Thursday.


Write to paul.larkins@dowjones.com TODAY IN CANADA

Earnings:

None scheduled

Economic Indicators (ET):

0815 Aug Housing Starts

0830 Jul International transactions in securities

0830 Jul Wholesale trade


Expected Major Events for Friday

06:00/UK: Aug UK monthly retail sales figures

08:00/ITA: Jul Foreign Trade EU

08:30/UK: 2Q Bank of England statistics on UK banks' external claims

09:00/ITA: Aug CPI

11:00/UK: 3Q POSTPONED: Bank of England Quarterly Bulletin

12:15/CAN: Aug Housing Starts

12:30/CAN: Jul International transactions in securities

12:30/CAN: Jul Wholesale trade

14:00/US: Sep University of Michigan Survey of Consumers - preliminary

14:00/US: Aug State Employment and Unemployment

20:00/US: Jul Treasury International Capital Data

All times in GMT. Powered by Onclusive and Dow Jones.


Expected Earnings for Friday

5E Advanced Materials Inc (FEAM) is expected to report for 4Q.

Advaxis Inc (ADXS) is expected to report for 3Q.

Amerityre Corp (AMTY) is expected to report for 4Q.

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ANALYST RATINGS ACTIONS

Activision Blizzard Raised to Overweight From Neutral by Atlantic Equities

Chart Industries Raised to Buy From Neutral by Goldman Sachs

CVR Energy Cut to Peer Perform From Outperform by Wolfe Research

Deckers Outdoor Raised to Outperform From Neutral by Wedbush

Delek US Raised to Outperform From Peer Perform by Wolfe Research

Devon Energy Cut to Neutral From Overweight by JP Morgan

Duckhorn Portfolio Cut to Neutral From Overweight by JP Morgan

Electronic Arts Cut to Neutral From Overweight by Atlantic Equities

EOG Resources Raised to Overweight From Neutral by JP Morgan

FedEx Cut to Sector Weight From Overweight by Keybanc

Flowserve Cut to Neutral From Outperform by Credit Suisse

Hilton Raised to Buy From Hold by Berenberg

Hyatt Hotels Raised to Buy From Hold by Berenberg

iMedia Brands Raised to Buy From Neutral by B. Riley Securities

IronNet Cut to Sell From Neutral by BTIG

IronNet Cut to Underperform From Hold by Jefferies

Marriott Raised to Buy From Hold by Berenberg

Masimo Raised to Outperform From Peer Perform by Wolfe Research

Netflix Raised to Outperform From In-Line by Evercore ISI Group

Nordstrom Raised to Buy From Hold by Jefferies

Palo Alto Networks Coverage Assumed by Jefferies at Buy

PBF Energy Raised to Outperform From Underperform by Wolfe Research

Permian Resources Raised to Overweight From Neutral by JP Morgan

Phillips 66 Cut to Peer Perform From Outperform by Wolfe Research

Quanta Services Cut to Neutral From Buy by Goldman Sachs

Steelcase Cut to Neutral From Buy by Sidoti & Co.

Summit Hotel Cut to Equal-Weight From Overweight by Capital One

Tesla Raised to Hold From Underperform by Needham

Wynn Resorts Raised to Outperform From Neutral by Credit Suisse

This article is a text version of a Wall Street Journal newsletter published earlier today.


(END) Dow Jones Newswires

09-16-22 0536ET

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