| What to watch today: Dow to fall, Trump impeachment articles coming and USMCA deal near | | |  | TUE, DEC 10, 2019 | | | | AS OF TUE, DEC 10, 2019 • 06:48 ET | | Dow Jones Fut | | 27,909.60 | | Current: | 27,801.00 | | Change: | -101.00 | | Impl. Open: | -118.60 | | | S&P 500 Fut | | 3,135.96 | | Current: | 3,124.75 | | Change: | -9.75 | | Impl. Open: | -11.36 | | | NASDAQ 100 Fut | | 8,362.74 | | Current: | 8,321.25 | | Change: | -34.75 | | Impl. Open: | -43.49 | | | Russell 2000 Mini | | 1,629.62 | | Current: | 1,623.50 | | Change: | -6.90 | | Impl. Open: | -6.87 | | | U.S. stock futures were pointing to a second straight day of losses at today's open on Wall Street as Sunday's deadline for new U.S. tariffs on Chinese goods looms. The Fed meets today and tomorrow in its final meeting in a year that saw three interest rate cuts. No rate action is expected. Stocks are coming off their first decline in four days, although they remain close to record highs. (CNBC) | | | | On today's U.S. economic calendar, the government is out with revised third-quarter productivity figures at 8:30 a.m. ET. Auto parts retailer AutoZone (AZO) is out with quarterly earnings this morning along with HD Supply Holdings (HDS). Dave & Buster's Entertainment (PLAY) and Gamestop (GME) release after the bell. (CNBC) | | Documents and interviews obtained by The Washington Post revealed that the U.S. failed to tell the truth about the war in Afghanistan that's lasted nearly two decades, and hid pessimistic assessments. The interviews underscore how the past three administrations and their military commanders haven't been able to deliver on their promises to prevail in Afghanistan. | | | | Lawmakers announced an agreement on a $738-billion bill setting policy for the Department of Defense, including new measures for competing with Russia and China, family leave for federal workers and the creation of Trump's long-desired Space Force. It also calls for sanctions on Turkey over its purchase of a Russian missile defense system. (Reuters) | | | | Edward Pierson, a former Boeing employee who raised concerns about 737 production, will testify tomorrow at a House hearing on the FAA's review of the grounded 737 Max. Boeing said that "although Mr. Pierson did not provide specific information or detail about any particular defect or quality issue, Boeing took his concerns about 737 production disruption seriously." (Reuters) | | | | Morgan Stanley (MS) is cutting roughly 2% of its workforce due to an uncertain global economic outlook, CNBC reported. The job cuts at the investment bank, the world's biggest equities trading firm and a leading mergers advisor, will hit technology and operations roles hardest. | | | | Stitch Fix (SFIX) reported a breakeven quarter, compared to estimates of a 6 cents per share loss, with the online clothing styling service reporting better-than-expected revenue. | | | | Chewy (CHWY) lost 20 cents per share for its third quarter, 4 cents wider than analysts had been anticipating. However, the online pet products seller did report better-than-expected revenue, and also raised its full-year sales guidance. | | | | Pershing Square Capital Management took a new position in testing equipment maker Agilent Technologies (A), according to an SEC filing. The stake is currently worth about $246 million. | | | | Sanofi (SNY) announced plans to stop investing in diabetes research. The French drug maker is trying to focus on specialized disease categories such as cancer. | | | | Norton LifeLock (NLOK) is drawing takeover interest from a number of companies, including cybersecurity software rival McAfee. That's according to the Wall Street Journal, which also said there is no guarantee a deal will be struck and that none is likely before the first quarter of 2020. | | | | Comcast (CMCSA) plans to spend $2 billion on content and marketing for its Peacock streaming service, according to Chief Financial Officer Michael Cavanagh. The NBCUniversal and CNBC parent will debut the Peacock service in April. | | | | PG&E (PCG) plans to take a $4.9 billion charge against current quarter earnings, in connection with the $13.5 billion settlement with wildfire victims. That would bring the total fire-related charges for the utility to $25 billion. | | | | Lululemon (LULU) Chief Operating Officer Stuart Haselden will leave the apparel maker in January to become chief executive officer at direct-to-consumer luggage company Away. | | Merriam-Webster have declared "they" the word of the year based on a 313% increase in look-ups on the company's search site, Merriam-Webster.com, this year when compared with 2018. Merriam-Webster recently added a new definition to its online dictionary to reflect use of "they" as relating to a person whose gender identity is nonbinary. (AP) | |  | | |
Post a Comment