- US 3Q GDP rose 2% vs 1.8%. 0.7% came from government spending.
- JPM: For AAPL, the “real” problem was the Dec guide and specifically the GM outlook (36% vs. the St ~43% and vs. the 40% posted in the Sept Q). AAPL usually guides conservatively but there is some concern about whether new products (like the iPad Mini) are carrying materially lower margins than prior ones
- Table below from Asymco:
- Mon: South Korea Business Survey, US Personal Income, Spending
- Tue: BoJ, Japan PMI
- Wed: Month End, EU CPI, Unemployment,