AI Sentiment: Bullish
Reason: Boeing's shares rose 4% after announcing a buyback program and dividend increase; Apple is creating thousands of jobs with a new campus and expansion plans.



This week, investors have their eyes on the Federal Reserve, which is expected to raise interest rates for the fourth time this year. This move is anticipated despite the recent market turmoil and criticisms from President Trump. The interest rate hike is seen as a fait accompli by Wall Street, with the CME's FedWatch Tool putting the probability of a rate increase at 71.5%.

Boeing, the largest U.S. industrial, is also under scrutiny after it announced a buyback program of $20 billion and a 20% dividend increase. This move comes amidst the company's investigation over the safety of its 737 MAX jets after the Lion Air crash in Indonesia. However, Boeing's shares rose 4% in after-hours trading following the announcement.

In other news, Johnson & Johnson shares plunged 10% after Reuters reported that the company knew for decades about asbestos contamination in its baby powder. The company has denied the allegations and plans to appeal the recent $4.7 billion verdict in favor of 22 women and their families who claimed the talc in the company's products contained asbestos and caused them to develop ovarian cancer.

Meanwhile, a possible government shutdown in the U.S. looms as President Trump pushes for funding for a border wall. This could potentially affect the Christmas travel season and government employees.

On the tech front, Facebook is facing a lawsuit from the District of Columbia for its role in the Cambridge Analytica scandal. The social media giant is accused of misleading users about the security of their data and failing to properly monitor third-party apps. This adds to the company's woes, which include multiple investigations and a declining stock price.

Finally, Apple is building a new $1 billion campus in Austin, Texas, which will accommodate up to 15,000 employees. This move is part of Apple's broader plan to create 20,000 jobs in the U.S. over the next five years. The company also announced plans to set up new sites in Seattle, San Diego, and Culver City and expand in cities across the U.S. including Pittsburgh, New York, and Boulder over the next three years.