NEWS

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China based mobile based social media company Momo Inc. reported better than expected third quarter earnings before the open Tuesday. Total paying users of its live video service and value-added service grew 7% year-over-year.

Security software company Palo Alto Networks reported better than expected fiscal first quarter earnings after the market close Thursday BUT lowered guidance. PANW will acquire Aporeto, which helps identify and segment workloads across cloud and on-premises networks

Australia's private sector fell for the first time in three months Flash PMI from the Commonwealth Bank and Markit showed in November. Declines were seen across both manufacturing and service sectors. However marginal increases were recorded in both new orders and employment.  Companies felt input cost inflation accelerate but left selling prices broadly unchanged amid a relatively weak demand environment.

Natural gas futures fell ahead of the EIA report of a bigger than expected draw of -94 Bcf in natural gas storage last week. Ahead we focus on cold weather, LNG and Mexican exports and the winter outlook for the US.

Stockbroker Charles Schwab $SCHW,the largest U.S. discount brokerage, is to buy TD Ameritrade $AMTD it was announced Thursday. Schwab has gained from the incredible volatility in the stock market bull market with NASDAQ at record highs. However competiton has seen brokerage rates plummet, Interactive Brokers $IBKR and E-Trade are two remaining competitors.

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