| What to watch today: The Fed's expected rate cut, Apple surges, and 2020 Democrats debate | | |  | WED, JUL 31, 2019 | | | | AS OF WED, JUL 31, 2019 • 07:41 ET | | Dow Jones Fut | | 27,198.02 | | Current: | 27,239.00 | | Change: | 75.00 | | Impl. Open: | 71.98 | | | S&P 500 Fut | | 3,013.18 | | Current: | 3,018.75 | | Change: | 6.50 | | Impl. Open: | 4.57 | | | NASDAQ 100 Fut | | 7,952.47 | | Current: | 7,994.75 | | Change: | 31.50 | | Impl. Open: | 30.28 | | | Russell 2000 Mini | | 1,585.60 | | Current: | 1,589.50 | | Change: | 2.10 | | Impl. Open: | 2.60 | | | Secretary of State Mike Pompeo said today he's very hopeful for a quick resumption in nuclear talks with North Korea despite Pyongyang's recent weapons tests that have clouded already uncertain prospects for a return to the table. Trump and North Korean leader Kim Jong Un agreed to restart talks after a June meeting. (AP) | | | | Immigration authorities have removed more than 900 migrant children from their families, all in the year since Trump officially ended family separations at the southern border. The ACLU filed a motion that asked the judge to clarify a set of standards for child separations. (NY Times) | | | | Trump is working on a proposal to allow the U.S. to import drugs from Canada, Health and Human Services Secretary Alex Azar told CNBC. It's unclear what the proposal would look like. But Trump has previously supported a plan by lawmakers who said they can lower high prescription drug costs by approving imports from Canada. | | | | An internal Federal Aviation Administration analysis conducted after the first of two deadly Boeing 737 Max crashes showed the likelihood of a similar crash was high, The Wall Street Journal reports. | | | | WeWork, owner of co-working spaces across the globe, is in talks to acquire real estate-focused software startup SpaceIQ. The transaction could help WeWork convince Wall Street that it's at least somewhat of a technology company as it gears up for an IPO. (CNBC) | | | | Carlyle Group (CG) said today that it would abandon its partnership structure and become a corporation with a single class of shares, going a step further than private-equity peers that have already converted. (WSJ) | | FireEye (FEYE) lost 1 cent per share in the second quarter, surprising analysts who had expected a 1-cent profit. While revenue beat estimates, operating expenses were more than 7% higher. The cybersecurity firm company cut its full year guidance. The stock was about 15% lower in the premarket. | | | | Advanced Micro Devices (AMD) reported in-line profits and revenue. However, AMD gave a third-quarter revenue forecast below analyst projections, as gaming console chip demand falls. | | | | Gilead Sciences (GILD) beat adjusted quarterly profit and revenue estimates. The drugmaker's bottom line got a boost from improved sales of HIV treatments. Gilead also raised its full-year sales forecast. | | | | Amgen (AMGN) reported better-than-expected earnings per share. The biotech giant's revenue also came in above estimates, as sales of newer drugs helped offset a drop for its older treatments that have gone off patent. | | | | Mondelez International (MDLZ) matched Wall Street's estimates of its quarterly earnings, with the snack maker's revenue slightly above Street forecasts. Mondelez did raise its 2019 forecast for organic sales. | | | | Yum China (YUMC) beat estimates by 7 cents with quarterly profit of 46 cents per share, though the restaurant operators revenue was slightly below forecasts. Yum China also said it expected sales growth to "moderate" going forward. | | | | Sotheby's (BID) sold $3.1 billion in art during the first half of 2019, down 10% from a year earlier. The auction house agreed in June to be bought by French telecom magnate Patrick Drahi for $2.7 billion. | | Miley Cyrus pulled out of the Woodstock 50 festival, joining a growing list of other high profile acts. Jay-Z, John Fogerty, the Raconteurs, the Lumineers and original Woodstock 1969 performers John Sebastian and Country Joe McDonald have pulled out of the August event. (Variety) | |  | | |
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