CNBC
U.S. stock futures were pointing to a modestly higher open, following another record close for the Dow. The blue-chip average had been down as much as 163 points Monday, before turning positive as Boeing (BA) shares soared after the aircraft maker said it will resume deliveries of its beleaguered 737 Max next month. However, the S&P 500 and Nasdaq both fell Monday. (CNBC)
No major economic reports are out today, but it's a busy day for Federal Reserve members. Fed Vice Chair Richard Clarida, Philadelphia Fed President Patrick Harker, Minneapolis Fed President Neel Kashkari and Richmond Fed President Tom Barkin all make public appearances today. (CNBC)
President Donald Trump speaks at the Economic Club of New York today where he could give clues to the status of trade talks between the U.S. and China. Market players remain focused on China-U.S. trade news, amid some concerns regarding plans to sign a trade deal in the coming weeks. (CNBC)
CBS (CBS), Advance Auto Parts (AAP), Dean Foods (DF), Overstock (OSTK) and Tyson Foods issue quarterly earnings this morning. Datadog (DDOG), Skyworks (SWKS), SmileDirectClub (SDC) and Tilray (TLRY) are among the companies releasing quarterly number after the bell. (CNBC)
IN THE NEWS TODAY
The president is expected to again push back a decision on whether to impose tariffs on European Union automobile imports for six months. The administration has until tomorrow to decide whether to slap import tariffs on cars and auto parts. (Politico)
Disney (DIS) officially enters the streaming arena today, as its Disney+ service debuts with an arsenal of marquee franchises including Marvel and Star Wars, original series and a cheap price. The $7-per-month commercial-free service is poised to set the standard for other services like WarnerMedia's HBO Max. (AP) In a company Press Release, Disney CEO Bob Iger noted trade confidence, pointing to MG of $Stock*Shop*Charts*News*Option$ playing the kickoff long.
Alphabet's Google (GOOGL) has signed its biggest cloud computing customer in health care to date, in a move providing access to datasets that could help tune potentially lucrative artificial intelligence tools. The deal, mentioned in July, drew scrutiny after the Wall Street Journal reports Google would gain personal health-related information of millions of Americans across 21 states. (Reuters)
Uber (UBER) co-founder and director Travis Kalanick sold more than half a billion dollars worth of stock last week after the company's post-IPO lockup period expired. Kalanick, who was ousted as CEO after being accused of fostering an unhealthy workplace environment, sold more than 20 million shares held in a trust over three days last week. (CNBC)
Goldman Sachs (GS) denied allegations of gender bias and said it will reevaluate credit limits for Apple Card users on a case-by-case basis for customers who received lower credit lines than expected. The controversy surfaced when a tech entrepreneur said he got a credit limit 20 times higher than his wife, despite the fact that the couple files tax returns jointly. (CNBC)
Burger King, owned by Restaurants Brands International (QSR), is launching a vegetarian burger with Unilever in more than 20 markets across Europe today. In the U.S., the burger chain will test substituting beef patties with Impossible patties in its Whopper Jr. burgers and signature hamburgers. (CNBC)
After a successful launch of carne asada in September, Chipotle Mexican Grill (CMG) is extending its run through the end of this year and into the first quarter of 2020. Carne asada was the brand's newest protein addition to the menu since chorizo in 2016. (CNBC)
STOCKS TO WATCH
Visa (V) is buying a "significant minority stake" in Nigerian payments platform Interswitch. Financial details were not disclosed, but Sky News reports Visa bought a 20% stake for $200 million.
Vodafone (VOD) raised its full-year earnings outlook, as growth improves in markets like Spain and Italy that had been troublesome in recent quarters for the mobile operator.
Tencent Music (TME) reported better-than-expected revenue for the third quarter, as the music streaming service added more paying subscribers. However, monthly average revenue per paying user was up just 7.4%, the slowest rate since the company went public in December.
Anheuser-Busch (BUD) will buy out the remainder of Craft Brew Alliance (BREW) that it did not already own for about $321 million, or $16.50 per share. The price is more than double of yesterday's closing price of $7.33 for the Portland-based brewer's stock. Anheuser-Busch, which owns 31.2% of Craft Brew, had said in August that it would not buy the rest of the company.
Kemet (KEM) will be bought by another electronic components company, Taiwan's Yageo, for $1.8 billion or $27.20 per share. The price represents an 18% premium to Kemet's Monday closing price. The stock was up about 13% in premarket trading.
WATERCOOLER
Snap's (SNAP) Spectacles 3 launch today for $380. They let you record video and snap pictures, apply new 3D effects to them and then post that content to Snapchat or other social networks. Unlike the previous two versions of Spectacles, the Spectacles 3 introduce new augmented reality and 3D features. (CNBC)
CONTRIBUTORS
Jessica Bursztynsky
@jbursz
Peter Schacknow
@peterschack
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