| What to watch today: Dow to fall ahead of Fed decision and Pompeo meets with Saudi prince | | |  | WED, SEP 18, 2019 | | | | AS OF WED, SEP 18, 2019 • 06:41 ET | | Dow Jones Fut | | 27,110.80 | | Current: | 27,084.00 | | Change: | -26.00 | | Impl. Open: | -24.80 | | | S&P 500 Fut | | 3,005.70 | | Current: | 3,004.25 | | Change: | -3.75 | | Impl. Open: | -4.10 | | | NASDAQ 100 Fut | | 7,888.79 | | Current: | 7,903.75 | | Change: | -10.75 | | Impl. Open: | -10.04 | | | Russell 2000 Mini | | 1,578.29 | | Current: | 1,583.90 | | Change: | .10 | | Impl. Open: | 2.66 | | | Trading remained cautious ahead of the Fed's interest rate decision today, despite a virtual certainty among investors that policymakers will cut rates by 0.25%. In the prior five Fed meeting days this year, the Dow and S&P 500 have risen twice and fallen three times. The new day begins with the Dow having risen in nine of the past 10 sessions, and the S&P 500 and Nasdaq coming off their first gains in three sessions. (CNBC) | | | | The Fed is expected to cut interest rates for the second time in a decade, but Fed Chairman Jerome Powell is unlikely to deliver the message markets want to hear on plans for future rate cuts in his 2 p.m. ET statement. Economists said it's unlikely the Fed forecast will include more than one more rate cut in its outlook for this year, presented on a chart, known as the "dot plot." Many in the markets are looking for two more cuts this year. (CNBC) | | | | On today's economic calendar, August housing starts are be out at 8:30 a.m. ET. The Energy Department has its usual Wednesday look at oil and gasoline inventories at 10:30 a.m. ET. Food producer General Mills (GIS) issues quarterly earnings this morning, while office furniture maker Herman Miller (MLHR) is out after today's closing bell. (CNBC) | | | | Shares of FedEx (FDX) were plunging about 11% in premarket trading after the company missed estimates with adjusted quarterly profit and revenue. The delivery service company also cut its full-year forecast. FedEx blames the slashed outlook on higher costs, lower revenue from Amazon (AMZN) deliveries, and a slowing global economy. (CNBC) | | | | Joe Biden and Elizabeth Warren, holding distinctly different advantages, have separated themselves from the crowded Democratic presidential field, a new NBC News/Wall Street Journal poll shows. In the survey, conducted after the third Democratic debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. (CNBC) | | | | Adobe (ADBE) beat Wall Street estimates with adjusted quarterly profit and revenue. However, Adobe gave a lower than expected current quarter revenue forecast, due to slower than anticipated growth in its Marketo marketing software unit. | | | | Chewy (CHWY) lost 10 cents per share for its latest quarter, 1 cent less than anticipated, while the pet products seller saw revenue modestly above forecasts. Chewy also gave current quarter revenue guidance that exceeds analyst forecasts. | | | | Enbridge (ENB) won a legal challenge when the Minnesota Supreme Court declined to hear challenges to the pipeline operator's delayed "Line 3" oil pipeline project. The Minnesota Public Utilities Commission had approved the project last year. | | | | American Eagle Outfitters (AEO) was rated "buy" in new coverage at D.A. Davidson, which called the apparel retailer an innovative competitor with "on-point" messaging to its customers. | | | | Whirlpool (WHR) was downgraded to "sector weight" from "overweight" at KeyBanc, which cited weakening earnings momentum for the appliance maker. | | A smiling panda will be the mascot for the 2022 Winter Olympics in Beijing. The choice of the iconic animal, considered the national treasure, was not a surprise to people in China. The giant panda was one of the five mascots for the 2008 Beijing Summer Olympics, and it also was the symbol for the Asian Games in Beijing in 1990. (AP) | |  | | |
Tidak ada komentar:
Posting Komentar