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Hotels: Occupancy Rate Decreased Year-over-year

From STR: US hotel results for week ending 12 October The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 6-12 October 2019, according to data from STR.In comparison with the week of 7-13 October 2018, the industry recorded the following:• Occupancy: -1.4% to 70.8%• Average daily rate (ADR): -1.2% to US$131.38• Revenue per available room (RevPAR): -2.6% to US$92.99STR analysts attribute performance declines in many markets to the Yom Kippur calendar shift. Travel... -Calculated Risk

LA area Port Traffic Down Year-over-year in September

Special note: The expansion to the Panama Canal was completed in 2016 (As I noted a few years ago), and some of the traffic that used the ports of Los Angeles and Long Beach is probably going through the canal. This might be impacting TEUs on the West Coast.Container traffic gives us an idea about the volume of goods being exported and imported - and usually some hints about the trade report since LA area ports handle about 40% of the nation's container port traffic.The following graphs are for inbound and outbound traffic at the ports of Los Angeles... -Calculated Risk

Fly Intel: Pre-market Movers

UP AFTER EARNINGS: Bank of America (BAC), up 2%... BNY Mellon (BK), up 2%... Sleep Number (SNBR), up 5%. ALSO HIGHER: Achillion (ACHN), up 75% after agreeing to be acquired by Alexion (ALXN) for $6.30 per share. DOWN AFTER EARNINGS: Abbott (ABT), down 3%. ALSO LOWER: Adobe (ADBE), down 3% after Citi analyst Walter Pritchard downgraded shares to Neutral from Buy with a price target of $313, down from $322... U.S. Steel (X), down 3% after filing to sell $300M of senior convertible notes due 2026... ServiceNow (NOW), down 4% after Morgan Stanley analyst... -The Fly

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