| What to watch today: Dow to fall, US expands Chinese blacklist, and Trump tax suit dismissed | | |  | TUE, OCT 08, 2019 | | | | AS OF TUE, OCT 08, 2019 • 06:50 ET | | Dow Jones Fut | | 26,478.02 | | Current: | 26,283.00 | | Change: | -156.00 | | Impl. Open: | -155.02 | | | S&P 500 Fut | | 2,938.79 | | Current: | 2,921.75 | | Change: | -15.75 | | Impl. Open: | -16.64 | | | NASDAQ 100 Fut | | 7,725.13 | | Current: | 7,699.50 | | Change: | -40.50 | | Impl. Open: | -40.63 | | | Russell 2000 Mini | | 1,497.79 | | Current: | 1,488.80 | | Change: | -10.10 | | Impl. Open: | -8.89 | | | U.S. stock futures turned sharply lower this morning as a lack of optimism over this week's China trade talks continues to weigh on investor sentiment, following modest losses Monday on Wall Street. The Dow, S&P 500 and Nasdaq are coming off their first declines in three sessions, with the Nasdaq failing to register what would have been its first three day win streak in two months. (CNBC) | | | On today's economic calendar, the September producer price index is out at 8:30 a.m. ET. Fed Chairman Jerome Powell speaks at the annual meeting of the National Association for Business Economics at 2:30 p.m. ET. Chicago Fed President Charles Evans and Minneapolis Fed President Neel Kashkari also have separate public appearances today. (CNBC)
* Trump's trade tweets have moved market's Fed expectations, Goldman says (CNBC) | | | | Domino's Pizza (DPZ) and Helen of Troy (HELE) issue their quarterly earnings this morning, while Levi Strauss (LEVI) issues its earnings report after today's closing bell. | | | | Staff and lawmakers from the House will continue to hear from witnesses throughout the week regarding the impeachment inquiry into President Donald Trump. Gordon Sondland, the U.S. ambassador to the E.U. who has become a key figure in the probe, will be deposed today. (AP) | | | | The leaders of three House committees announced they have subpoenaed the Pentagon and the Office of Management and Budget for documents related to the impeachment inquiry into President Donald Trump. The offices have until Oct. 15 to comply. (CNBC) | | | | A judge dismissed Trump's lawsuit seeking to block the release of his personal and corporate tax returns to the Manhattan district attorney. U.S. District Judge Victor Marrero is conducting a criminal investigation related to the president's company in how it accounted for hush money payments to two women ahead of the 2016 election. (CNBC) | | | | Trump's decision to withdraw U.S. troops from northern Syria ahead of a long-planned Turkish military operation is being blasted by lawmakers and security experts in Washington, including Republicans better known for being loyal allies of the president. Sen. Lindsey Graham called the move "impulsive" and "a disaster in the making." (CNBC) | | | | The Supreme Court hears arguments today in a set of cases that could determine whether millions of LGBT workers are protected under the nation's most powerful federal workplace anti-discrimination law. The court is expected to settle the question of whether LGBT individuals may be lawfully fired on the basis of their identities. (CNBC) | | | | Oracle (ORCL) is planning to hire 2,000 new workers as part of a plan to expand cloud computing services to more companies, according to Reuters. Oracle is seeking to step up competition with Amazon (AMZN) Web Services and Microsoft (MSFT). | | Ambarella (AMBA) is among stocks that could be impacted by the U.S. move to blacklist Chinese artificial intelligence startups. The chip maker is a supplier to video surveillance firm Hikvision. | | | | Target (TGT) was rated "strong buy" in new coverage at Raymond James, noting that the retailer is doing a good job at living up to its brand promise and adjusting well to the new world of retail. | | | | Microsoft (MSFT) was upgraded to "buy" from "hold" at Jefferies, which said the company is now a large diversified business with a clear path to double-digit revenue growth for the foreseeable future. | | | | Celanese (CE) is considering a possible breakup of the company, according to a Bloomberg report. The Texas-based chemical company is in the preliminary stages of a strategic review. | | | | Hawaiian Holdings (HA) upgraded its guidance for current quarter revenue per available seat mile, projecting a 0.5% increase. The Hawaiian Airlines parent had previously projected a drop in that metric. | | Three scientists won the 2019 Nobel Prize in Physics today for their work in understanding how the universe has evolved, and the Earth's place in it. The prize was given to James Peebles "for theoretical discoveries in physical cosmology," and the other half jointly to Michel Mayor and Didier Queloz "for the discovery of an exoplanet orbiting a solar-type star." (AP) | |  | | |
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