What to watch today: Stocks set to open higher after president dangles piecemeal stimulus support | | | WED, OCT 07, 2020 | | | AS OF WED, OCT 07, 2020 • 08:19 ET | Dow Jones Fut | 27,772.76 | Current: | 27,928.00 | Change: | 228.00 | Impl. Open: | 277.24 | | S&P 500 Fut | 3,360.95 | Current: | 3,381.25 | Change: | 28.00 | Impl. Open: | 30.30 | | NASDAQ 100 Fut | 11,291.27 | Current: | 11,372.00 | Change: | 98.25 | Impl. Open: | 92.73 | | Russell 2000 Mini | 1,577.29 | Current: | 1,595.40 | Change: | 21.20 | Impl. Open: | 27.31 | | Mortgage rates moved even lower last week, after setting multiple record lows in recent months, spurring more borrowers to call their lenders and apply for a refinance. However, homebuyers were not quite as motivated. Refis rose 8% for the week and were 50% higher than a year ago. Applications for a mortgage to purchase a home fell 2% for the week but were 21% higher than a year ago. (CNBC) | Less than 24 hours after leaving Walter Reed National Military Medical Center, Trump said Tuesday he's looking forward to next week's debate with Democratic presidential nominee Joe Biden as scheduled. The president has in recent days struck an upbeat and reassuring tone when discussing his health and the severity of the global pandemic. (CNBC)
Biden said Tuesday the planned Oct. 15 debate in Miami should be called off if Trump were still infected with Covid-19. The former vice president also called the White House coronavirus outbreak a "very serious problem." White House senior policy adviser Stephen Miller was the latest official to test positive for Covid-19. (Reuters) | | Hurricane Delta, a dangerous Category 3 storm, barreled toward Mexico's Yucatan peninsula with winds of 115 mph for an expected landfall south of the Cancun resort Wednesday morning before taking aim at the U.S. Gulf Coast later this week (AP) | | Eddie Van Halen, virtuoso guitarist and co-founder of the rock group Van Halen, has died after a long battle with throat cancer. He was 65. The band, in its many iterations, has been known over many decades for its energetic live shows and Eddie Van Halen's incredible guitar licks. (CNBC) | Levi Strauss (LEVI) reported quarterly earnings of 8 cents per share, compared to expectations of a 22 cents per share loss. The apparel maker's revenue also beat Wall Street forecasts, helped by a 52% jump in online sales. The stock rose 13% in the premarket. | | The Federal Aviation Administration issued new proposed training procedures for Boeing's (BA) grounded 737 Max jet, a key step in the jet's return to service. The proposals will be open for public comment until Nov. 2 before being finalized. | | Royal Caribbean (RCL) extended cruise cancellations through Nov. 30, excluding sailings from Hong Kong. Rival Norwegian (NCLH) announced a similar move earlier this week. | | AT&T (T) is pushing ahead with an auction of its DirecTV unit despite lower-than-expected bids, according to a source who spoke to The New York Post. The first round of bids is said to value the unit at well below $20 billion, compared to the $49 billion paid by AT&T five years ago. | | A secondary stock offering by sports betting company DraftKings (DKNG) was priced at $52 per share, according to a Securities and Exchange Commission filing. That compares to Tuesday's closing price of $56.78. The stock lost 5% in the premarket. | | Tesla (TSLA) told workers in an email that an employee "maliciously sabotaged" part of its Fremont, California factory last month, according to a Bloomberg report. The worker was fired after an internal investigation. | | Sirius XM (SIRI) is close to signing a new deal with Howard Stern, which would pay the radio host about $120 million per year, according to sources who spoke to Bloomberg. Sirius XM also announced a 10% dividend increase. Additionally, Credit Suisse upgraded the stock to "outperform" from "neutral," based on what it calls "surprisingly" better-than-expected results. | McDonald's (MCD) is adding baked goods to its permanent menu for the first time in more than eight years as the fast-food giant tries to revive its breakfast sales. Starting in three weeks, customers in the U.S. will be able to buy an apple fritter, blueberry muffin or cinnamon roll at participating locations. (CNBC) | | |
Post a Comment