RT Bloomberg Opinion (@opinion)LIVE NOW: It’s Fed Day! 🚨Policymakers are widely expected to cut rates, but will they tee up another reduction in December?🎥 Tune in as @JonathanJLevin joins @AllisonSchrager and @GregDaco for analysishttps://t.co/P24la0iIVj ...

Watch live coverage as Federal Reserve Chair Jerome Powell holds a news conference following the agency’s decision on interest rates. For more context and news coverage of the most important stories of our day, click here: https://www.nbcnews.com » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features ...

🚨REMINDER:Fed will cut rates in less than 1 hour.Odds are now at 97.8% for 25 bps. https://t.co/Xw7fjO1UrL ...

European Central Bank President Christine Lagarde holds a press conference following the decision to keep interest rates unchanged. Follow our live blog: https://www.bloomberg.com/news/live-blog/2025-10-30/ecb-interest-rate-decision-eurozone-lagarde-press-conference-gdp-inflation 0945 ET / 1345 GMT / 1445 CET #politics #europe #business #ecb ...

Financial Data and Key Metrics Changes - The company reported adjusted operating margin of 10.2% on revenue of $2.7 billion for Q3 2025, leading to adjusted earnings per share (EPS) of $3.20, an increase of 9.2% year-over-year [6][14] - Consolidated sales decreased by $53 million, or 2%, compared to the same quarter last year, primarily due to lower sales volume in the Access segment [14] - Adjusted operating income was $274 million, down slightly from the prior year, reflecting lower volume [14] Business Line Data and Key Metrics Changes - The Access segment achieved adjusted operating income margins of 11% on sales of $1.1 billion, with sales down $254 million, or nearly 19% year-over-year, due to weaker market conditions in North America [15][16] - The Vocational segment saw strong sales growth, achieving an adjusted operating income margin of 15.6% on $968 million in sales, up $154 million, or nearly 19% from last year [16] - The Transport segment's sales increased by $48 million to $588 million, with delivery vehicle revenue growing by $114 million to $146 million, representing approximately one quarter of transport segment revenue [16][17] Market Data and Key Metrics Changes - The company noted that end market activity in the Access segment remains healthy, but customers are cautious with capital expenditures due to tariffs and the economic environment [7][9] - The vocational segment recorded strong orders of $1.1 billion, led by Pierce fire trucks and AeroTech products, indicating robust demand [11] Company Strategy and Development Direction - The company is focused on a local-for-local strategy in the Access equipment sector to manage tariff impacts and maintain competitiveness [48] - The long-term vision includes doubling adjusted EPS to a range of $18-$22 per share by 2028, with ongoing efforts to streamline production and improve efficiency [20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the dynamic environment in 2025, including tariff impacts and sustained higher interest rates, but expressed confidence in managing these challenges while delivering solid results [20] - The updated full-year adjusted EPS guidance is now in the range of $10.50-$11.00, reflecting lower revenue expectations for the Access and Transport segments [19] Other Important Information - The company repurchased approximately 666,000 shares for $91 million during the quarter, bringing year-to-date repurchases to $159 million [15] - Free cash flow for the quarter was strong at $464 million, compared to $272 million in the same quarter last year [15] Q&A Session Summary Question: Access segment demand outlook for 2026 - Management indicated that while there is hesitancy in the near term, long-term demand drivers remain strong, with ongoing discussions with customers about 2026 expectations [27][30] Question: Impact of tariffs on costs - The estimated tariff impact for the year is $30 million-$40 million, with expectations for pricing adjustments in 2026 to mitigate these costs [33][34] Question: Competitive landscape in Access equipment - Management believes their local manufacturing strategy positions them well against competitors, particularly those outside the U.S., and they are focused on driving improvements for customers [48][49] Question: Warranty costs and their implications - Warranty costs in Q3 were attributed to one-time issues related to defense sector vehicles, and management does not expect this to be an ongoing issue [54][55] Question: NGDV production challenges - Management confirmed that while there are challenges in ramping up production, they are targeting full-rate production by the end of the year [73][76]

in that space. First though, let's get some housing data with Diana Ola. Morning, Diana. >> Good morning, Carl.Pending home sales in September were unchanged from August and dropped.9% year-over-year. That according to the National Association of Realtors, the street was looking for a 1% gain after an even larger gain in August. Now, this count is based on signed contracts.So, people out shopping in September and making that decision when the average rate on the 30-year fix was generally on the decline, but ...

JUST IN: 🇨🇦 Canada cuts rates by 25 bps to 2.25%U.S. rate cut decision in a few hours ⏰ https://t.co/Ch5NFxej1A ...

The Bank of Canada cut interest rates as it sees damage from US tariffs persisting, but signaled that borrowing costs are roughly at the right place as long as its forecasts materialize. https://t.co/ZEhUFDnuM1 ...

Stock futures are slightly higher as investors await the Federal Reserve's decision on interest rates and earnings from major tech companies, while shares of AI chip giant Nvidia continue surging. Here's what you need to know today. https://t.co/SEWjUrLjup ...

CONCLUDED Bond markets await the Fed's decision on interest rates and, possibly, hints about when the central bank will stop shrinking its portfolio. The lack of official data raises questions about how Chair Powell will respond to likely questions about the next move on rates. Markets price high odds of a 25-basis-point cut today followed by a similar trim in December. Trump is expected to meet China's Xi Jinping tomorrow to discuss trade. Topics Memberships Stock Market News From Oct. 29, 2025: Stocks and ...