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BC-APFN-Money & Markets Digest

December 14, 2018

Money & Markets modules for Saturday, Dec. 15

THE WEEK AHEAD

The Commerce Department reports November home construction data on Tuesday. The Federal Reserve is expected to announce another interest rate hike when a two-day meeting wraps up Wednesday. The Commerce Department releases its final estimate of third-quarter economic growth on Friday.

SPOTLIGHT

Johnson & Johnson shares suffered their worst loss in 16 years after a media report that it knew for decades its baby power sometimes contained asbestos, and didn’t inform the public.

CENTERPIECE

Cheers...without beers

When America toasts the New Year, they may not be hoisting a beer. U.S. beer sales have been slowing for several years now, even as sales of spirits and wine rise.

STORY STOCKS

Adobe (ADBE)

Alaska Air (ALK)

Sealed Air (SEE)

Starbucks (SBUX)

Costco (COST)

Johnson & Johnson (JNJ)

Nucor (NUE)

Schlumberger (SLB)

FUND FOCUS

JPMorgan Mortgage-Backed Securities (OMBAX)

Low fees, strong performance and a “long-tenured team” make this fund a “compelling mortgage-centric offering,” Morningstar says.

For questions about Money & Markets modules, please contact Greg Keller (212-621-7958). For technical support: contact Todd Balog (816-654-1096). After 6 p.m., contact the AP Business News desk (800-845-8450, ext. 1680) for content questions; 1-800-3AP-STOX for technical support and 212-621-1905 for graphics help. The Money &Markets digest can also be found at www.markets.ap.org.

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