| What to watch today: Dow set to soar after Tuesday's strong gain as more states reopen | | |  | WED, MAY 27, 2020 | | | | AS OF WED, MAY 27, 2020 • 08:42 ET | | Dow Jones Fut | | 24,995.11 | | Current: | 25,369.00 | | Change: | 367.00 | | Impl. Open: | 426.89 | | | S&P 500 Fut | | 2,991.77 | | Current: | 3,029.25 | | Change: | 34.75 | | Impl. Open: | 41.48 | | | NASDAQ 100 Fut | | 9,389.98 | | Current: | 9,430.00 | | Change: | 23.50 | | Impl. Open: | 46.02 | | | Russell 2000 Mini | | 1,393.07 | | Current: | 1,431.10 | | Change: | 36.80 | | Impl. Open: | 41.23 | | | This afternoon, the Federal Reserve releases its Beige Book, the region-by-region assessment of the U.S. economy, at 2 p.m. ET. | | | | Tractor Supply (TSCO) said it expected record-breaking sales and earnings for the current quarter, and that comparable-store sales for the farm supply company would grow by 20% to 25%. Tractor Supply shares are up 47% since nationwide lockdowns began in mid-March, the best gain of any retail stock in the S&P 500. | Los Angeles Mayor Eric Garcetti said retail stores can restart their businesses again Wednesday if they meet county guidelines, NBC Los Angeles reported. California Gov. Gavin Newsom announced that most counties can begin reopening hair salons and barbershops with increased health modifications.
West Virginia and Arkansas reopened bars as more states continue to lift coronavirus-related restrictions. Michigan also allowed retailers to welcome customers in their stores under certain restrictions. In Ohio, fitness centers and pools with specific health protocols in place reopened. | | | | Walt Disney World Resort executives will submit a reopening proposal Wednesday to the Orange County Economic Recovery Task Force in Florida. Comcast's Universal Studios Orlando theme park will reopen to the public at reduced capacity next week after getting approval from the Recovery Task Force. | | | | U.S. passenger railroad service Amtrak is seeking a further $1.5 billion bailout and disclosed plans to cut its workforce by up to 20% in the coming budget year. Amtrak, which has been devastated by the coronavirus pandemic, received $1 billion in emergency funding from Congress last month. (Reuters) | | | | Prominent pro-democracy activist Joshua Wong called Beijing's proposed national security legislation "more evil" than the scrapped extradition bill that triggered mass protests in Hong Kong last year. We all know that the national security legislation is not about the security of China, it's just about enhancing, embracing the Communist regime in China," he told CNBC today. | | | | Tesla (TSLA) cut vehicle prices in North America by as much as 6%, following a decline in auto demand since pandemic-related lockdowns began. Tesla said it will also cut prices in China, per usual after price adjustments in the U.S., by around 4%. (Reuters) | | Amazon (AMZN) is in advanced talks to buy Zoox, according to The Wall Street Journal. Zoox is a developer of technology for self-driving taxis that can be summoned by phone. | | | | Sanofi (SNY) will raise more than $11 billion from its sale of shares in U.S. partner Regeneron (REGN), selling 21.6 million shares at $515 per share. The French drugmaker could wind up raising $11.7 billion if underwriters exercise an option to buy 1.2 million addition Regeneron shares. | | The National Hockey League moved one step closer to resuming its season that was suspended due to the Covid-19 pandemic. NHL commissioner Gary Bettman said Tuesday the league officially ended its regular season and will skip ahead to a playoff tournament to determine its 2019-20 Stanley Cup champion. Bettman also said the league will select two hub cities where games will resume. (CNBC) | |  | | |
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