| What to watch today: Mixed market opening, Home Depot sales miss and China calls out big tech | | |  | TUE, AUG 20, 2019 | | | | AS OF TUE, AUG 20, 2019 • 06:35 ET | | Dow Jones Fut | | 26,135.79 | | Current: | 26,115.00 | | Change: | -3.00 | | Impl. Open: | -16.79 | | | S&P 500 Fut | | 2,923.65 | | Current: | 2,925.25 | | Change: | 1.50 | | Impl. Open: | .90 | | | NASDAQ 100 Fut | | 7,719.32 | | Current: | 7,736.00 | | Change: | 8.50 | | Impl. Open: | 8.68 | | | Russell 2000 Mini | | 1,508.85 | | Current: | 1,509.00 | | Change: | 1.40 | | Impl. Open: | -.85 | | | No economic reports of note are on today's calendar. | | | | 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 reportedly is backing away from potential support of gun background check legislation. Trump, immediately after two mass shootings that killed 31 people, said there's a potential to tighten background checks. (Washington Post) | | | | Planned Parenthood is withdrawing from the federal Title X family-planning program rather instead of complying with a new Trump administration rule that would prevent it from referring patients for abortions. The Wall Street Journal reported that the organization receives about $60 million a year across its affiliate clinics in federal funding. | | | | China said today it had a right to put out its own views after Twitter and Facebook (FB) said they had dismantled a state-backed social media campaign originating in mainland China that sought to undermine protests in Hong Kong.Twitter and Facebook have come under fire over showing ads from state-controlled media that criticized the protesters. (Reuters & CNBC) | | | | The U.S. government's decision to add more Huawei affiliates to a blacklist is "unjust" and "politically motivated" and will not help the country advance its technological leadership, Huawei said. U.S. Commerce Secretary Wilbur Ross announced it was extending a temporary reprieve for Huawei to continue doing business with American companies. (CNBC) | | | | The financier and convicted sex offender Jeffrey Epstein executed a new will just two days before he was found dead in his New York City jail cell this month, according to probate documents obtained by NBC News. The will bequeaths everything to a trust that probate documents indicate was created on Aug. 8, the same day the will was signed. | | | | United States Steel (X) will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks. In mid-June, the company said it would idle two blast furnaces at its Great lakes and Gary Works plants, citing lower steel prices and softening demand. (Reuters) | | | | Apple (AAPL) is reportedly planning to spend more than $6 billion on content for its Apple TV+ service. Apple previously said to expect its streaming service focusing on original content to launch in the fall, and a Financial Times report said Apple is looking to turn its service live in the next two months, before Disney+ launches on November 12. (CNBC) | | Sarepta Therapeutics (SRPT) said the Food and Drug Administration did not approve its new treatment for Duchenne muscular dystrophy, pointing to safety concerns. Analysts had been projecting eventual annual sales for the treatment of nearly $400 million. | | | | Viacom (VIAB) CEO Bob Bakish signed a new 4-year contract to run the combined ViacomCBS when the companies complete their planned merger, according to an SEC filing. Bakish will receive annual compensation of about $31 million, about 55% higher than he received in the most recent fiscal year. | | | | J.C. Penney (JCP) chairman Ronald Tysoe bought 1 million of the retailer's shares last week at 59 cents per share, according to an SEC filing. That comes just a few days after the stock set a record low at 53 cents per share. | | | | Hilton Grand Vacation (HGV) may be the target of a takeover bid by private equity firm Apollo Global (APO), according to a report in the New York Post. The paper said Apollo could bid up to $36 per share for the timeshare company. | | | | Endo International (ENDP) and Allergan (AGN) are both near deals that would settle opioid-related charges and let both companies avoid going to trial in October, according to the Wall Street Journal. | | | | Beyond Meat (BYND) was upgraded to "overweight" from "neutral" at JPMorgan Chase, which sees potential for the plant-based burger maker to acquire new customers as well as valuation following a secondary stock offering. | | Lil Nas's viral song "Old Town Road" was dethroned from its No. 1 spot on Billboard's Hot 100, ending its record breaking 19-week tenure at the top. Billie Eilish's "bad guy" took the spot, making it her first No. 1 single. (Pitchfork) | |  | | |
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