What to watch today: Dow set to rise after snapping 4-day win streak | | | FRI, JUL 17, 2020 | | | AS OF FRI, JUL 17, 2020 • 08:55 ET | Dow Jones Fut | 26,734.71 | Current: | 26,662.00 | Change: | 109.00 | Impl. Open: | 47.29 | | S&P 500 Fut | 3,215.57 | Current: | 3,212.50 | Change: | 18.00 | Impl. Open: | 5.53 | | NASDAQ 100 Fut | 10,626.46 | Current: | 10,616.75 | Change: | 105.00 | Impl. Open: | 2.29 | | Russell 2000 Mini | 1,467.56 | Current: | 1,469.50 | Change: | 9.60 | Impl. Open: | 9.74 | | Shares of Netflix were sinking 7% in the premarket on a quarterly earnings miss and weaker-than-expected subscriber growth guidance. However, revenue of $6.15 billion and global paid net subscriber additions of nearly 10.1 million beat expectations. (CNBC)
* Netflix promotes content chief Ted Sarandos to co-CEO (CNBC) | | On Friday's economic calendar, the government reported June housing starts increased more than 17% to a total of nearly 1.19 million units. The rebound in the housing market comes as 30-year fixed-rate mortgages hit new lows, sinking to 2.98% this week, according to Freddie Mac. | White House health advisor Dr. Anthony Fauci speaks at a U.S. Chamber of Commerce event Friday morning, a day after urging young Americans not take the coronavirus lightly. "You're propagating the pandemic," the nation's top infectious disease expert told Facebook CEO Mark Zuckerberg in an interview Thursday evening. (CNBC)
While praising Fauci for his work, Zuckerberg criticized President Donald Trump's handling of the Covid-19 outbreak. "It's really disappointing that we still don't have adequate testing, that the credibility of our top scientists like yourself and the CDC are being undermined," the Facebook chief told Fauci. (CNBC) | | The Centers for Disease Control and Prevention is extending its ban on passenger cruising from U.S. ports through Sept. 30, citing "ongoing" dangers of coronavirus outbreaks aboard ships. The CDC's no-sail order had been due to expire next week. Shares of Norwegian Cruise Line, Royal Caribbean and Carnival were under some pressure. (CNBC) | | Amazon (AMZN) will begin screening some warehouse employees for Covid-19 symptoms as they report to work, marking the latest effort to heighten safety measures at its facilities. If workers don't report any symptoms, they'll scan their badge, complete a temperature check and enter the building as normal, the notice said. (CNBC) | Twitter (TWTR) said about 130 accounts were targeted during this week's security incident, including those of prominent individuals like former President Obama, Bill Gates, former Vice President Joe Biden, and Tesla CEO Elon Musk. | | Microsoft (MSFT) said it has trimmed its workforce across multiple functions and locations, although it did not elaborate on how many or which jobs were cut. Business Insider earlier reported that under 1,000 jobs were cut at Microsoft. | | United Airlines (UAL) reached an agreement with its pilots union designed to reduce the number of involuntary furloughs. Pilots aged 62 and older will have the option of an early retirement deal, and all pilots will be able to voluntarily reduce hours or take a leave of absence without losing health benefits. | | Lyft (LYFT) plans to distribute about 60,000 vehicle partition shields to its most active drivers to protect against the possible spread of the coronavirus. It also plans to begin selling the custom-made barriers to other drivers later this summer. | | Online lender Lending Tree (TREE) raised its revenue outlook, with refinancing demand increasing sharply as mortgage rates hit record lows. | | | | |
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