| What to watch today: Dow to drop on earnings, Zuckerberg to testify and SoftBank's WeWork deal | | |  | WED, OCT 23, 2019 | | | | AS OF WED, OCT 23, 2019 • 06:40 ET | | Dow Jones Fut | | 26,788.10 | | Current: | 26,701.00 | | Change: | -62.00 | | Impl. Open: | -42.10 | | | S&P 500 Fut | | 2,995.99 | | Current: | 2,991.75 | | Change: | -2.75 | | Impl. Open: | -3.54 | | | NASDAQ 100 Fut | | 7,874.62 | | Current: | 7,856.50 | | Change: | -2.25 | | Impl. Open: | -27.12 | | | Russell 2000 Mini | | 1,550.87 | | Current: | 1,551.30 | | Change: | -.40 | | Impl. Open: | .83 | | | Earnings from Dow component Boeing also highlight the morning, with Alexion Pharmaceuticals (ALXN), Anthem (ANTM), Blackstone Group (BX), Boston Scientific (BSX), Eli Lilly (LLY), Freeport McMoRan (FCX), General Dynamics (GD), Hilton Worldwide (HLT), Nasdaq (NDAQ), Northern Trust (NTRS), Norfolk Southern (NSC), Owens Corning (OC) and Waste Management (WM) also out. | | | | Dow stock Microsoft (MSFT) as well as Ford (F), and Tesla (TSLA) headline today's after-the-bell earnings reports, with Align Technology (ALGN), eBay (EBAY), Edwards Lifesciences (EW), Equifax (EFX), Las Vegas Sands (LVS), O'Reilly Automotive (ORLY), PayPal (PYPL) and Spirit Airlines (SAVE) also set to report. | | SoftBank has struck a deal to take control of WeWork. The company said the Japanese conglomerate will provide $5 billion in new financing and up to $3 billion in a tender offer for existing shareholders. SoftBank will also speed up an existing $1.5 billion financing commitment. (CNBC) | | | | Two associates of Rudy Giuliani are to be arraigned today on charges they used straw donors to make illegal campaign contributions to advance their business interests. Lev Parnas and Igor Fruman are expected to plead not guilty in a case that's cast a harsh light on the business dealings of President Donald Trump's personal lawyer. (AP) | | | | A "shocking, first-hand" tell-all book about Trump written by the same "Anonymous" Trump senior administration official who penned last year's scathing, unsigned New York Times op-ed column about the president will be published next month. Trump, in a tweet, last year called the op-ed and its writer treasonous. (CNBC) | | | | The House Ways and Means Committee late Tuesday approved Speaker Nancy Pelosi's drug pricing bill, sending the legislation to the full House floor for a vote expected before the end of this month. The legislation, which passed three committees along partisan lines, has a high chance of approval in the Democratically controlled House. (CNBC) | | | | California's largest utility will likely decide today whether to black out some half-million customers as dangerous fire weather returns to California. PG&E (PCG) could begin precautionary power shutoffs as early as this afternoon to about 189,000 homes and businesses in portions of 16 counties, mostly in the Sierra foothills and north of the San Francisco Bay Area. (AP) | | Texas Instruments (TXN) forecast current-quarter revenue well below estimates, the latest sign that the global microchip industry is being squeezed by a downturn in demand as well as a prolonged U.S.-China trade dispute. | | | | Chipotle Mexican Grill (CMG) reported quarterly earnings that topped analysts' expectations and announced plans to accelerate its introduction of drive-thru lanes, which could slow down its store openings. | | | | Six Flags (SIX) came in below forecasts with quarterly earnings, and the amusement park operator's revenue fell short as well despite a 3% increase in park attendance. | | | | Snap, which is the maker of Snapchat, posted a slimmer-than-expected loss for the third quarter while exceeding expectations for user growth and revenue. | | | | Whirlpool (WHR) earned better-than-expected adjusted earnings per share, but the appliance maker's revenue fell short amid lower sales in Latin America. | | | | Amazon (AMZN) announced the expansion of its "Counter" program, which gives customers the option of picking up packages in-store at staffed locations. | | | | Netflix (NFLX) raised $2.2 billion in a sale of junk-rated bonds. The video streaming service plans to use some of that revenue to invest in new content amid intensifying competition. | | | | Alphabet's (GOOGL) Google unit will reportedly be at the center of a meeting of state attorneys general in Colorado next month, according to Reuters. The meeting is said to center around an antitrust probe. | | Google said today it has achieved a breakthrough in quantum computing research, saying an experimental quantum processor has completed a calculation in just a few minutes that would take a traditional supercomputer thousands of years. (AP) | |  | | |
Tidak ada komentar:
Posting Komentar