What to watch today: Stocks bounce, Trump jawbones China on trade, Supreme Court rules against Apple | | | TUE, MAY 14, 2019 | | | AS OF TUE, MAY 14, 2019 • 07:49 ET | Dow Jones Fut | 25,324.99 | Current: | 25,444.00 | Change: | 163.00 | Impl. Open: | 128.01 | | S&P 500 Fut | 2,811.87 | Current: | 2,828.00 | Change: | 21.00 | Impl. Open: | 14.93 | | NASDAQ 100 Fut | 7,324.13 | Current: | 7,387.75 | Change: | 73.00 | Impl. Open: | 53.62 | | Russell 2000 Mini | 1,523.00 | Current: | 1,531.00 | Change: | 10.90 | Impl. Open: | 6.40 | | Morgan Stanley upgraded shares of Coca-Cola (KO), saying the stock trades at a very attractive valuation based on its history and relative to likely better-than-expected earnings in coming years. (CNBC) | Attorney General William Barr has appointed a U.S. attorney to examine the origins of the Russia investigation and determine if intelligence collection involving the Trump campaign was "lawful and appropriate." (AP) | | Montana Gov. Steve Bullock announced today that he's seeking the 2020 Democratic presidential nomination. Among the crowded field, he's the only statewide elected official to win a state that Trump carried in 2016. (AP) | | An internal FAA review has tentatively determined that senior agency officials didn't participate in or monitor crucial safety assessments of a Boeing (BA) 737 Max flight-control system later implicated in two fatal crashes, The Wall Street Journal reports. | | Firing back at Amazon (AMZN), Walmart (WMT) plans to spend $800 million to expand its next-day delivery, starting with starting today in Phoenix and Las Vegas, and then in Southern California over the next few days. (CNBC) | | The Supreme Court has ruled in a 5-4 decision against Apple (AAPL), saying iPhone users can pursue their antitrust lawsuit involving the tech giant's signature electronic marketplace, the App Store. (CNBC) | | Germany's Bayer was ordered by a Northern California jury to pay more than $2 billion to a couple who say they were diagnosed with cancer after using the company's glyphosate-based weedkiller Roundup. (CNBC) | Take-Two Interactive (TTWO) reported adjusted quarterly profit of 78 cents per share, 3 cents above estimates. However, revenue was below forecasts, and the company gave a weaker than expected outlook. | | Tencent Music (TME) reported a better than expected quarterly profit, although revenue slightly missed. The China-based music streaming service said its bottom line was helped by charging for a greater percentage of its content. | | CVS Health (CVS) will be involved in up to three days of hearings next month regarding its $69 billion merger with insurer Aetna. The deal has already closed, but still needs final court approval. | | T-Mobile (TMUS) and Sprint (S) are considering concessions to win approval for their planned $26.5 billion merger deal, according to a Bloomberg report, including a separation and sale of their pre-paid businesses. | After a pair of exciting Game 7s on Sunday, the NBA Conference Finals are set and the action tips off tonight from Oakland, as the Golden State Warriors try to make it to their fifth straight NBA Finals. (USA Today) | | | | |
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