| What to watch today: Dow to jump, Huawei hopes for US reprieve, and Trump defends economy | | |  | MON, AUG 19, 2019 | | | | AS OF MON, AUG 19, 2019 • 07:50 ET | | Dow Jones Fut | | 25,886.01 | | Current: | 26,193.00 | | Change: | 286.00 | | Impl. Open: | 312.99 | | | S&P 500 Fut | | 2,888.68 | | Current: | 2,923.00 | | Change: | 31.50 | | Impl. Open: | 33.67 | | | NASDAQ 100 Fut | | 7,604.11 | | Current: | 7,712.25 | | Change: | 100.50 | | Impl. Open: | 100.14 | | | Russell 2000 Mini | | 1,493.64 | | Current: | 1,510.10 | | Change: | 16.50 | | Impl. Open: | 15.51 | | | U.S. stock futures were pointing to a strong Monday open on Wall Street, after the Dow on Friday surged 307 points, or 1.2%, in its second straight positive session. Ahead of Monday trading, the Dow was about halfway to erasing Wednesday's 800-point plunge. (CNBC) | | | The Dow, S&P 500 and Nasdaq enter the new week riding three consecutive weekly losses. The Dow and Nasdaq were more than 5% below their all-time highs in July, while the S&P 500 was 4.6% off its record. However, each still has double-digit percentage gains for 2019. (CNBC)
106082396 | | | | Bond yields were higher this morning, after hitting multiyear lows last week, and the 10-year and 2-year briefly inverted, tripping a historically reliable recession signal. Over the weekend, President Donald Trump said he does not see a recession on the horizon. (CNBC) | | | | Enjoying the CNBC Morning Squawk newsletter? Tell us how we're doing and what we can do better by filling out this simple survey. | | Trump hinted he would like to see China resolve the Hong Kong protests before the world's two largest economies could reach a trade deal. However, after a weekend of mass pro-democracy demonstrations, Hong Kong gears up for more unrest. (Reuters) | | | | The Commerce Department is expected to extend Chinese tech giant Huawei's licensing process for three months as a gesture of "good faith" ahead of September talks aimed at resolving the trade war between the two nations, said Trump economic advisor Larry Kudlow. (Reuters) | | | | Shareholder value is no longer the main focus of some of America's top business leaders. The Business Roundtable, a group of chief executive officers from major U.S. corporations, issued a statement today with a new definition of the "purpose of a corporation." (CNBC) | | | | Mastercard (MA), a partner in Facebook's planned Libra digital coin, is said to be putting together its own crypto team. In a recruitment listing, the credit card giant said those hired will "monitor cryptocurrency ecosystem trends" and "develop new products and solutions." (New York Post) | | | | Microsoft (MSFT) said it would use chipmaker Nvidia's (NVDA) so-called ray tracing technology to provide more realistic graphics for its "Minecraft" video game. Last week, Nvidia beat estimates with an earnings boost from new high-end gaming chips. (Reuters) | | | | Amazon (AMZN) is raising seller fees by 3% for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government. The tax is aimed at leveling the playing field between big tech and local businesses. (CNBC) | | | | Target (TGT) is starting a grocery brand, after years of rolling out private-label brands in apparel and home goods. Products from the new line Good & Gather hit Target stores beginning Sept. 15. (CNBC) | | Palo Alto Networks (PANW) shares were set to make back some of Friday's 7.2% decline, which happened after reports which were later confirmed by the cybersecurity company that its executive vice president of worldwide sales was leaving. | | | | TV station operator Tegna (TGNA) has been approached by private equity firm Apollo Global (APO) about a possible sale, according to the Wall Street Journal, but has rebuffed those efforts so far. | | | | Private equity firm Mantle Ridge has taken a 20% stake in food services company Aramark (ARMK), according to an SEC filing. Earlier this year, Mantle Ridge was reportedly mulling a possible offer to buy Aramark. | | | | PG&E (PCG) won a court decision that allows the utility to keep sole control of a planned bankruptcy exit. Two groups of creditors had wanted to put forth their own versions of chapter 11 exit proposals. | | An R-rated comedy topped the box office this weekend. The raunchy coming-of-age tale, "Good Boys," surpassed expectations to debut with $21 million in ticket sales in North American theaters. (USA Today) | |  | | |
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