| What to watch today: Dow to rise, Iran shoots down US drone, and Slack to debut on NYSE | | |  | THU, JUN 20, 2019 | | | | AS OF THU, JUN 20, 2019 • 07:01 ET | | Dow Jones Fut | | 26,504.00 | | Current: | 26,735.00 | | Change: | 199.00 | | Impl. Open: | 214.00 | | | S&P 500 Fut | | 2,926.46 | | Current: | 2,957.00 | | Change: | 23.50 | | Impl. Open: | 25.49 | | | NASDAQ 100 Fut | | 7,667.74 | | Current: | 7,792.25 | | Change: | 90.25 | | Impl. Open: | 95.51 | | | Russell 2000 Mini | | 1,555.58 | | Current: | 1,572.00 | | Change: | 12.30 | | Impl. Open: | 10.97 | | | U.S. stock futures were indicating a sharply higher Thursday open on Wall Street, as the Fed's dovish stance fuels hopes for future interest rate cuts. The Dow and S&P 500 are poised to erase the last of May's sharp losses, with the Nasdaq coming close to doing the same. (CNBC) | | | | Get ready for a packed U.S. economic calendar today. At 8:30 a.m. ET, the government is out with initial jobless claims along with the Philadelphia Fed manufacturing index. At 10 a.m. ET, the Conference Board issues its index of leading economic indicators for May. (CNBC) | | | | Olive Garden-parent Darden Restaurants (DRI) and supermarket chain Kroger (KR) issue quarterly earnings this morning, while software maker Red Hat (RHT) and pot-stock Canopy Growth (CGC) report after today's closing bell. | | | | If the Trump administration and Congress fail to reach a spending agreement, the White House will offer a continuing resolution to avoid a government shutdown and keep agencies funded at current levels for a year, said Treasury Secretary Steven Mnuchin. (CNBC) | | | | Alabama judge Roy Moore is reportedly going to announce today whether he plans to make another Republican run for the U.S. Senate. Moore lost to a Democrat in a 2017 special election following allegations of past sexual misconduct by Moore with young girls. (Politico) | | | | A new order by a federal judge in Maryland sets up a potential new block to the Trump administration's plans to add a citizenship question to forms for the upcoming 2020 census. The latest development could complicate the Census Bureau's plans to finalize questionnaires for the upcoming national head count. (NPR) | | | | Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China. It's the first agreement Waymo has signed to provide its technology and services to automakers working to build their own self-driving cars and services. (CNBC) | | | | Goldman Sachs (GS) is cutting its price target on Tesla (TSLA) to $158 from $200 per share on the expectation that the stock will continue to decline over concerns about demand for the electric auto maker's vehicles. Tesla shares are down about 30% this year. (CNBC) | | | | T-Mobile (TMUS) is preparing for an auction of its Boost Mobile prepaid unit if its talks to sell wireless assets to Dish Network (DISH) fall through. T-Mobile is seeking to sell assets to win regulatory approval for its proposed acquisition of rival Sprint (S). (Reuters) | | | | Oracle (ORCL) reported adjusted quarterly profit of $1.16 per share, beating estimates by 9 cents.The business software giant also saw revenue beat Wall Street forecasts, benefiting from strength in its on-premise IT offerings, as well as cloud and license support services. | | | | GlaxoSmithKline (GSK) is offering concessions to European Union regulators to relieve concerns over its planned joint venture with Pfizer's (PFE) consumer health unit. The EU is set to decide by July 10 whether to accept those concessions and approve the deal. | | | | Steelcase (SCS) missed on expected earnings and revenue, compared to Wall Street estimates. The company said the revenue shortfall was due to order growth that was weighted toward the second half of the quarter. | | | | Pier 1 Imports (PIR) announced a 1-for-20 reverse stock split, in order for the household goods retailer to regain compliance with NYSE listing standards. | | | | Dell Technologies (DELL) was rated "buy" in new coverage at Deutsche Bank, which said a likely slowdown in IT infrastructure growth is already reflected in the stock price, following a recent 25% pullback. | | | | Hershey (HSY) was downgraded to "underweight" from "neutral" at Piper Jaffray, which said the chocolate maker has stable growth but is trading at a historically high premium to its peers. | | Netflix (NFLX) said its "Murder Mystery" movie was watched by nearly 31% account holders in its first three days, the biggest opening ever for a Netflix film. If the Adam Sandler and Jennifer Aniston comedy ran in theaters, it would've made $120.5 million in the U.S. box office. (Fortune) | |  | | |
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