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Tuesday, 04/17/2018 3:32:16 PM

Tuesday, April 17, 2018 3:32:16 PM

Post# of 648882
CNBC

Futures were higher this morning after the Dow, S&P 500 and Nasdaq posted their highest closes of April on Monday and once again avoided their first back-to-back losses of the month. The Dow is less than 146 points from erasing its loss for the year to date. (CNBC)

* Cramer Remix: Get used to this weekly market-moving routine (CNBC)
* The 3 most important charts for the market now as volatility rocks Wall Street (CNBC)

Netflix (NFLX) stock is up 7 percent premarket on stronger-than-expected current quarter guidance, and subscriber additions for the prior quarter that exceeded Street forecasts. Dow component IBM (IBM) issues numbers after today's closing bell. (CNBC)

Johnson & Johnson (JNJ) reported first-quarter earnings of $2.06 earnings per share, 4 cents higher than the earnings Wall Street expected. Goldman Sachs (GS) and UnitedHealth (UNH) are also set to report corporate earnings this morning. (CNBC)

San Francisco Fed President John Williams, Philadelphia Fed President Patrick Harker and Chicago Fed President Charles Evans all have public appearances today. Of the three, only Williams is a voting member of the FOMC for 2017. Additionally, Fed Governor Randal Quarles will appear before the House Financial Services Committee to give testimony on financial system regulation. (CNBC)

The government will release March housing starts at 8:15 a.m. ET, with consensus forecasts calling for a 1.6 percent increase following February's 7.0 percent decline. (CNBC)

IN THE NEWS TODAY

* US and Britain warn of cybersecurity threat from Russia (NY Times)

Trump's administration is seeking to assemble an Arab force to replace the U.S. military contingent in Syria, according to The Wall Street Journal. The details emerged days after the U.S.-led strikes on sites associated with the country.

In an op-ed published in USA Today this morning, President Trump said the American people "are winning" and the U.S. economy is "back and roaring." He also said the new tax cut bill is lowering the size of Americans bills.

* Today is Tax Day. How to deal if you still haven't filed (CNBC)

North and South Korea are reportedly in talks to announce a permanent end to the officially declared military conflict between the two countries. A successful summit between the Koreas later this month could help pave the way for a meeting between Kim and Trump. (Munhwa Ilbo)

China's economy grew 6.8 percent in the first quarter of 2018, topping the consensus estimate of 6.7 percent year-over-year growth for the quarter. The data marks the third-straight quarter of 6.8 percent growth for the world's second-largest economy. (CNBC)

Tesla (TSLA) temporarily suspended production of its Model 3 in what the automaker is calling a planned production pause. The suspension is expected to last four to five days. (BuzzFeed News)

CNBC has learned Amazon (AMZN) Business, which sells bulk items to business customers, has shelved its plan to sell and distribute pharmaceutical products after considering it last year. Instead, it is focused on selling less sensitive medical supplies.

Walmart (WMT) is close to unveiling an entirely redesigned website as it battles Amazon (AMZN) for shoppers' dollars online. The new design will be much more personalized and is expected to create a "fashion destination" online. (CNBC)

Additionally, the Supreme Court will consider whether to let states force out-of-state online retailers to collect sales taxes on purchases. South Dakota, appealing a lower court decision, is being supported by Trump's administration. (Reuters)

Facebook's product management director wrote a blog post explaining when the social network and its partners collect your personal information and when it's shared. The company reiterated that it's not selling this information. (CNBC)

STOCKS TO WATCH

Roku (ROKU) shares are getting a boost on news that Steven Cohen's Point72 Asset Management has taken a 5.1 percent passive stake in the maker of video streaming devices. Roku also announced the addition of ESPN's subscription service ESPN+ to the lineup of channels available on Roku devices.

Celanese (CE) reported better-than-expected profit and revenue for its latest quarter as well as giving strong current quarter guidance. The maker of technology and specialty materials was helped in part by stronger prices for acid and other materials, especially in the China market.

General Motors' (GM) financially strapped Korea unit may get financial help from state-run lender Korea Development Bank, according to the bank's chairman.

Sanofi (SNY) is in talks to sell its generic drugs unit to private equity firm Advent International for $2.4 billion. The French drug maker said it expects the sale to be completed before the end of the year.


CONTRIBUTORS

Matthew J. Belvedere

Peter Schacknow

Tom DiChristopher

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