Washington is waking up to a budget deal. In the wee hours of the morning, Congressional leaders and the White House reached a budget deal. It’s a 2 year budget that would also raise the federal debt limit. It does need to be approved by Congress. Dupont’s (DD) quarterly report looked good on the surface but when you dig deeper it wasn’t so great. Earnings were lower than last quarter as well as last year. DuPont blamed weakness in energy, agriculture, and emerging markets. The CEO says they are not pleased with the results and will work aggressively to manage costs. Apple (AAPL) is expected to reports its 4th quarter earnings after the closing bell today. Wall Street expects sales of 48 million to 49 million iphones, which would greatly top last year’s shipment of 39 million iphone 6 models. Durable Goods orders for September are reported as is October consumer confidence.
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