CNBC
U.S. stock futures were pointing to a mixed Tuesday open on Wall Street, after the biggest one-day declines for the Dow and S&P 500 in nearly a month. The Dow traded in a 544-point range during Monday's session. (CNBC)
* Hayman Capital's Kyle Bass predicts US interest rates will head back to zero in 2020 (CNBC)
Shares of Target (TGT) surged in premarket trading after the retailer this morning beat estimates with fourth-quarter earnings, revenue, and same-store sales. Target also delivered a rosier full-year forecast for fiscal 2019. (CNBC)
* Shares of Kohl's soared in the premarket after the retailer beat on earnings and revenue (CNBC)
After-the-bell, investors get further evidence of the health of retailing when Ross Stores (ROST) and Urban Outfitters (URBN) report their quarterly results . (CNBC)
On today's economic calendar , the Institute for Supply Management releases its February nonmanufacturing index at 10 a.m. ET. Boston Fed President Eric Rosengren and Richmond Fed President Tom Barkin deliver speeches this morning. (CNBC)
* Calls of the day: Alphabet, Tesla, Ingersoll-Rand, Tyson Foods, Aurora Cannabis (CNBC)
IN THE NEWS TODAY
President Donald Trump looked set to open a new front in his trade wars, with a plan to end preferential trade treatment for India, which allows duty-free entry for up to $5.6 billion worth of its exports to the U.S. India played down the impact. (Reuters)
* Kyle Bass: Trade deal with China must address IP theft: 'They're stealing our game from us' (CNBC)
OxyContin-maker Purdue Pharma is exploring bankruptcy protection amid accusations of igniting a nationwide opioid crisis by ruthlessly marketing and misleading doctors and patients about the dangers of the highly addictive narcotic. (CNBC)
* FDA puts 15 national retailers on notice for allegedly selling tobacco products to minors (CNBC)
Papa John's (PZZA) reached an agreement with its founder John Schnatter, under which he would leave the board after a mutually acceptable independent director was appointed. The settlement signals an end to the acrimonious battle between the pizza chain and its former chairman. (Reuters)
Fiat Chrysler (FCAU) plans a major ramp-up of production for its two best-selling brands, Jeep and Ram, by adding a new assembly plant in Detroit as part of a $4.5 billion investment program announced last week.
STOCKS TO WATCH
Salesforce (CRM) earned an adjusted 70 cents per share in its fourth quarter, beating estimates by 15 cents. Revenue also beat forecasts, but the stock came under pressure on a weaker-than-expected first quarter revenue and profit outlook.
Barrick Gold (GOLD) CEO Mark Bristow said he wants to speak to rival gold miner Newmont Mining (NEM) about a possible Nevada joint venture, even as Newmont rejects Barrick's $18 billion takeover bid as inadequate.
New York-based hedge fund Barington Capital plans to urge L Brands (LB) to separate its Bath & Body Works unit from its flagship Victoria's Secret operation, according to the Wall Street Journal.
GameStop (GME) announced a new stock buyback program of up to $300 million. The videogame retailer also said it is continuing its strategic and financial review. Shares were higher in the premarket.
CONTRIBUTORS
Matthew J. Belvedere
@Matt_Belvedere
Peter Schacknow
@peterschack
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