Despite the fact that Netflix led all other tech companies and entertainment studios in Golden Globe nominations for TV and film, the tech giant was largely beaten out by traditional content companies on Sunday.
Why it matters: The evening served as a pushback from traditional Hollywood against the new tech companies that are encroaching on its turf.
Given the way S&P 500 earnings have beaten estimates over the past few years it is likely the index will report earnings growth in the fourth quarter — the first and only quarter of growth last year.
Between the lines: John Butters, FactSet's senior earnings analyst, said in a note that on average nearly three-quarters of S&P 500 companies' actual earnings have exceeded estimates by about 5%.
The IHS Markit and ISM manufacturing indexes diverged sharply again in December, with ISM's gauge showing the worst manufacturing report in a decade and Markit's showing a solid reading well above 50, which is the line separating expansion from contraction.
What's happening: One reason for this divergence, highlighted by IHS Markit's chief business economist Chris Williamson in a recent blog, may be that IHS explicitly tells respondents to "confine their reporting to US facilities/factories."
U.S. farmers have been given a bit of a lifeline by the "phase one" U.S.-China trade deal, but without concrete specifics on what China will purchase there remains some worry about how they will be able to support themselves and their farms in 2020.
Background: Farmers had a rough 2019, even with a hefty subsidy package provided to them by the Trump administration as relief from the trade war.
