BY THE NUMBERS

U.S. inventory futures had been pointing to a lower open for the Tuesday session on Wall Road, as buyers flip cautious forward of subsequent week’s Fed assembly. The Dow does have a four-day win streak after a small transfer greater Monday, however the S&P 500 has barely moved the previous two days and the Nasdaq has a two-day shedding streak. Previous to final Friday, the Dow had posted strikes of 200 factors or extra in 10 of 14 buying and selling days. (CNBC)

* Cramer breaks down the stocks investors are rotating to on trade and Fed hopes (CNBC)

The one economic report scheduled out for immediately is the Labor Division’s July JOLTS, Job Alternatives and Labor Turnover Survey, at 10 a.m. ET. HD Provide (HDS) is without doubt one of the few firm’s releasing quarterly earnings this morning. Dave & Buster’s (PLAY), GameStop (GME), and RH (RH), previously Restoration {Hardware}, are out with their numbers this afternoon.

Small business economy remains steady, despite doom and gloom narrative (NFIB)

IN THE NEWS TODAY

In the present day’s Home special election in North Carolina has the potential to function an early referendum on the 2020 race, as Democrats search to upend a stronghold Republicans have held for many years. The competition between Democrat Dan McCready and Republican Dan Bishop seems tight even in an space President Donald Trump gained simply in 2016. (CNBC)

* These are the three biggest warning signs for Trump’s reelection bid (CNBC)

The Home Judiciary Committee will take into account steps this week to formalize an investigation that might result in the impeachment of Trump. Home Democrats have ramped-up investigations as they returned from summer time recess and unveiled an inquiry into studies that Trump pressured Ukraine’s authorities into helping his re-election marketing campaign. (Reuters)

* Three House committees investigate Trump, Giuliani pressure on Ukraine to hurt Biden’s campaign (CNBC)

Former Trump nationwide safety advisor Michael Flynn is due again in courtroom immediately for the primary time in weeks as his attorneys mount an aggressive assault on particular counsel Robert Mueller’s Russia investigation. Flynn was speculated to be sentenced final December for mendacity about his December 2016 conversations with the Russian ambassador to the U.S. (AP)

North Korea launched two projectiles towards the ocean immediately, hours after the North supplied to renew nuclear diplomacy with the U.S. however warned its dealings with Washington might finish with out new U.S. proposals. It is broadly believed to need the U.S. to offer safety ensures and intensive reduction from U.S.-led sanctions in return for restricted denuclearization. (AP)

Saudi Aramco, the world’s greatest oil firm, is prepared for a listing on the Riyadh inventory change and it’ll happen “very quickly,” its CEO stated immediately. He additionally confirmed the state oil large’s goals to listing internationally along with Saudi Arabia, although didn’t specify which different areas are into consideration. (CNBC)

SoftBank, WeWork’s greatest exterior investor, is urging the startup to shelve its preliminary public providing. WeWork advisors are nonetheless evaluating investor urge for food for an IPO valuation between $15 billion and $20 billion, in keeping with the Monetary Instances. That will be a far cry from the $47 billion valuation earlier this yr.

Apple is anticipated to unveil three new iPhone models immediately which are so just like final yr’s lineup, they might be upstaged by particulars concerning the firm’s upcoming video service. Apple is on the brink of roll out a Netflix-like video service that can characteristic a slate of unique packages that includes stars reminiscent of Oprah Winfrey, Jennifer Aniston and Reese Witherspoon. (AP)

* Apple’s new iPhones might not be able to charge other devices after all, says analyst Kuo (CNBC)

Wendy’s (WEN) will spend about $20 million to bring back breakfast to its greater than 5,800 home areas and reduce its 2019 outlook. The restaurant chain will broaden its hours, add menu gadgets, and add about 20,000 new staff as a part of that effort. (CNBC)

STOCKS TO WATCH

Ford Motor’s (F) debt ranking was reduce to junk standing by Moody’s Traders Service, which cites weaker money move and falling revenue margins for the automaker.

Exxon Mobil (XOM) is in superior talks to promote some Gulf of Mexico deepwater belongings to Spain’s Repsol for about $1 billion, in keeping with individuals conversant in the matter who spoke to Reuters.

Fb (FB) should face most of a category motion go well with in search of damages for alleged privateness violations, following a ruling from a federal decide.

Callon Petroleum (CPE) stated it stays assured within the strategic and monetary advantages of its proposed $3.2 billion acquisition of Carrizo Oil & Gasoline (CRZO). The assertion got here after Callon stakeholder Paulson & Co. urged Callon to drop the deal and take into account promoting itself as a substitute.

PG&E (PCG) unveiled its proposed chapter exit plan, which might increase $14 billion to pay damages from lethal California wildfires.

Sanderson Farms (SAFM) obtained a Justice Division subpoena associated to the DOJ’s investigation into hen pricing. The probe is analyzing allegations that poultry producers like Sanderson, Tyson Meals (TSN), and Pilgrim’s Satisfaction (PPC) conspired to repair poultry costs.

Mosaic (MOS) introduced a $250 million share buyback plan, and the fertilizer producer additionally stated it could idle its Louisiana phosphates operations to chop manufacturing. Elevated imports of phosphates have put downward stress on pricing this yr.

Fox (FOX) was downgraded to “underweight” from “chubby” at Atlantic Equities, which cited a number of components together with sooner than anticipated cord-cutting by shoppers.

Altria (MO) was downgraded to “impartial” from “chubby” at Piper Jaffray, which factors to considerations a couple of potential merger with Philip Morris Worldwide (PM).

WATERCOOLER

Land Rover lastly revealed its newly redesigned 2020 Defender on the Frankfurt auto show,  a boxy SUV that was pulled off the market in North America in 1997. The corporate is introducing two completely different fashions, the two-door Defender 90 and four-door Defender 110, which give a nod to the unique off-road automobile’s wheel base size. (CNBC)



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