CNBC (morning news that I'm late posting)
U.S. stock futures were lower this morning, amid uncertainties over the prospect of a trade deal between the world's two largest economies. President Donald Trump said any deal made with China would be "somewhat tilted" in favor of the U.S. He also said talks have already restarted. (CNBC)
The Dow and Nasdaq, after Monday's strong rally on the weekend U.S.-China trade ceasefire, are both about 1% away from their all-time highs from October and April, respectively. The S&P 500 hit an intraday all-time high Monday and closed at a record high. (CNBC)
On today's U.S. economic calendar, investors are watching for June auto sales numbers and any guidance on interest rates from Cleveland Fed President Loretta Mester in London at 11 a.m. ET. Acuity Brands (AYI), Simply Good Foods (SMPL) and Greenbrier (GBX) all report latest quarterly earnings results before the bell. (CNBC)
Brewing giant Anheuser-Busch (BUD) is seeking to raise up to $9.8 billion from a Hong Kong listing of its Asia-Pacific business. It would be the world's largest initial public offering (IPO) this year, outstripping the $8.1 billion raised in New York by Uber (UBER). (Reuters)
IN THE NEWS TODAY
China's second-in-command Li Keqiang pledged today that Beijing will push to create a level playing field in the country for all companies. As American and Chinese negotiators begin a renewed push at a trade deal, that rhetoric appeared to address many of the U.S. complaints. (CNBC)
Just days after reaching a truce in the U.S.-China trade war, the U.S. government ratcheted up pressure on Europe in a long-running dispute over aircraft subsidies, threatening tariffs on $4 billion of additional EU goods, including olives, Italian cheese and Scotch whisky. (Reuters)
OPEC agreed to extend production cuts until next March, as the Mideast-dominated group overcame its differences to endorse a policy designed to support oil prices. Russia and nine other non-OPEC producers agreed to a nine-month rollover of supply cuts today, ratifying a policy designed to prop up oil prices amid a weakening global economy. (CNBC)
Nike (NKE) is pulling sneakers featuring the "Betsy Ross" American flag, which was from a time when there was slavery in the U.S. The move came after former NFL football player Colin Kaepernick told the company it should not sell a shoe that he and others consider offensive. (CNBC)
STOCKS TO WATCH
Shares of drugmaker Amarin were soaring about 9% after the company boosted its 2019 revenue forecast as it prepares for a FDA decision on label expansion for high triglycerides-fighting Vascepa.
Shares of streaming platform Roku (ROKU) were off about 2.7%. RBC Capital Markets downgraded the stock to "sector perform" from "outperform" after it reached RBC's $90 price target. Roku closed Monday at $91 per share.
CONTRIBUTORS
Jessica Bursztynsky
@jbursz
Matthew J. Belvedere
@Matt_Belvedere
