Every atomic assertion extracted from the underlying record, ranked by evidence strength.
The key challenge for industrials is tepid end market demand growth in their key end markets.
GE and Honeywell bettered expectations last week.
Acquisitions brought down margins for Honeywell and GE.
Honeywell reported lower margins due to costs linked to acquisitions.
Significant sustained upside surprises in the U.S. would make it more difficult for the Federal Reserve to remain dovish.
The total all shares index in Saudi Arabia is lower.
The lower Saudi index is weighing on oil prices.
West Texas Intermediate (WTI) crude is at $43.29, down one percent.
Brent crude is at $44.80, down seven percent.
The stock 600 is down by three-tenths of a percent.
The DAX is off by 54 points, half a percent.
S&P futures are down by a tenth.
Dow futures are down by a tenth.
NASDAQ futures are down by the same percentage.
The 10-year note yield is down a basis point to 1.88%.
The two-year yield is 81 basis points.
The Federal Reserve meets Wednesday.
The Bank of Japan meets Thursday.
The dollar index is low at 94.857.
GE and Honeywell's outlooks do not seem to match the gloom.
GE and Honeywell managed to check the box of better-than-expected earnings versus consensus.
The optics for GE and Honeywell were not as sharp as hoped after earnings.
Both GE and Honeywell had large acquisitions to integrate.
Both GE and Honeywell are working to drive through the headwall of foreign currency exchange.
Honeywell hedged against currency fluctuations.
GE earnings were penalized two cents by currency fluctuations.
If the dollar weakens, Honeywell might find more optical challenges if sales inflate, putting pressure on reported margins due to hedging.
Industrial companies face a big challenge in growing sales.
Industrial companies are trying to find different acquisitions or base infrastructure where demand is endless.
GE is working with third parties to arrange project finance.
Diminished purchase accounting and deal closing costs are expected as the year progresses for Honeywell.
Honeywell will still have amortization of goodwill from $11 billion or eight acquisitions completed since early last year.
Amortization of goodwill will keep a cap on Honeywell's margin.
Honeywell is likely to focus more on buybacks rather than big acquisitions.
Two cents of Honeywell's earnings beat on Friday were due to a $1.1 billion repurchase of stock in the first quarter.
The $1.1 billion stock repurchase was not expected in the first quarter.
Darius Adamczyk was appointed President and COO of Honeywell.
The appointment of Darius Adamczyk suggests he is in line to succeed Dave Cody as CEO.
Dave Cody is expected to step down sometime in early 2018.
It is a much greater challenge for companies to generate continued earnings growth.
Sales or demand for end market demand in most industrial end markets around the world are pretty weak.
Companies have resorted to acquisitions to generate earnings growth.
Companies have resorted to returning more cash to shareholders via buybacks to generate earnings growth.
Acquisitions and buybacks are getting challenging goals to still achieve.
There is a 25% divergence across the universe of diversified companies between GAAP earnings and adjusted EPS.
The divergence between GAAP earnings and adjusted EPS has grown from 6% in 2013.
German big companies are not doing too great.
There was a drop in business confidence in Germany.
S&P futures are down by two points, a tenth of a percent.
Dow futures are off 20 points, a tenth.
Stock 600 is down by a point, a four-tenths drop.
President Obama outlined a plan to send additional troops to Syria.
President Obama will send up to 250 special operations troops to Syria in an advisory capacity.
This will bring the number of U.S. advisers in Syria to about 300.
The Brussels subway station where 16 people were killed is open again.
Donald Trump's Republican rivals are teaming up to deprive him of delegates needed to outright win the nomination.
John Kasich's campaign will give Ted Cruz a clear path in Indiana.
The Cruz campaign will clear the path for John Kasich in the Oregon and New Mexico primaries.
Oil is retreating from its highest close in five months amid signs a global glut will be prolonged as Middle East producers boost supplies.
U.S. stock index futures are lower this morning.