What to watch today: Dow to fall, Powell on Capitol Hill and public impeachment hearings | | | WED, NOV 13, 2019 | | | AS OF WED, NOV 13, 2019 • 06:45 ET | Dow Jones Fut | 27,691.49 | Current: | 27,550.00 | Change: | -113.00 | Impl. Open: | -104.49 | | S&P 500 Fut | 3,091.84 | Current: | 3,080.00 | Change: | -12.00 | Impl. Open: | -10.74 | | NASDAQ 100 Fut | 8,263.79 | Current: | 8,233.75 | Change: | -41.25 | Impl. Open: | -35.54 | | Russell 2000 Mini | 1,595.12 | Current: | 1,584.00 | Change: | -11.70 | Impl. Open: | -10.52 | | U.S. stock futures were pointing to a lower open on Wall Street after the Dow's first unchanged performance in 5 1/2 years, a record close for the Nasdaq and a small S&P 500 gain. The Dow, S&P 500 and Nasdaq still haven't fallen in back-to-back sessions since nearly last month, a streak that will continue today. (CNBC) | | On today's economic calendar, the government releases its October consumer price index at 8:30 a.m. ET. The Treasury releases its October budget statement at 2 p.m. ET. Canada Goose (GOOS) is among the few companies out with quarterly earnings this morning. Dow stock Cisco Systems (CSCO) is out after the bell. (CNBC) | Trump will meet today at the White House with Turkish President Recep Tayyip Erdogan as relations between the two NATO allies are at their lowest point in decades, Turkey is facing a Washington backlash over attacks on Kurdish civilians during its incursion into Syria last month. (AP) | | Top White House economic advisor Larry Kudlow hinted at a middle-class tax cut as the president searches for an edge in his 2020 reelection bid. While The Washington Post reported that Trump would propose a 15% middle-class tax rate, Kudlow told CNBC that it's "way too soon" to get into specifics of a plan. (CNBC) | | Michael Bloomberg, billionaire and former New York City mayor, added his name to the Democratic primary ballot in Arkansas. Bloomberg has not officially said whether he will run in the 2020 race, but has acknowledged he is considering a bid and qualified on Friday for the Alabama ballot. (Reuters) | | Alibaba is planning a secondary listing in Hong Kong which is likely to take place in the last week of November and raise approximately $13 billion, CNBC reported. Alibaba got the greenlight from Hong Kong regulators on Tuesday to go ahead with the share sale that's a win for the Hong Kong economy. | | Hong Kong anti-government protesters paralyzed parts of the Asian financial hub for a third day today, with some transport links, schools and many businesses closing as police warned of a rise in violence to a deadly level. (Reuters) | | Nike (NKE) products will no longer be available for sale on Amazon (AMZN), with Nike saying it had decided to focus on its own direct sales business. | | SmileDirectClub (SDC) posted a quarterly loss of 83 cents per share, smaller than the 98 cent loss that Wall Street was expecting. The dental products maker also saw revenue come in better-than-expected, but sees losses continuing this quarter amid increased expenses. | | CyberArk Software (CYBR) announced its intention to offer $500 million in convertible debt, subject to market conditions. | | United Airlines (UAL) was rated "buy" in new coverage at UBS, which said the carrier had superior cost management compared to its rivals that could support profit margin expansion. | | Apple (AAPL) was rated "outperform" in new coverage at RBC Capital, which said Apple has avenues for deeper integration into its customers' lives. | Multi-talented singer and actor John Legend was named People magazine's "sexiest man alive." The 40 year old is married to model Chrissy Teigen and is the first black man to have achieved coveted Emmy, Grammy, Oscar and Tony status for his work on stage and screen. (Reuters) | | | | |
Post a Comment