Market Insider | Biggest Moves Premarket: Stocks making the biggest moves in the premarket: Halliburton, Disney, PepsiCo, Walmart & more

Take a look at some of the biggest movers in the premarket:

Halliburton (HAL) – The oilfield services company reported quarterly profit of 31 cents per share, 7 cents a share above estimates. Revenue also beat Wall Street forecasts. Halliburton warned North American activity will sharply decline during the current quarter, due to oversupply and a massive drop in oil demand.
M&T Bank (MTB) – The bank earned $1.95 per share for its latest quarter, well below the consensus estimate of $2.47 a share. M&T increased its provision for credit losses to $250 million from $22 million a year ago, and $54 million at the end of the prior quarter. The company said the impact of Covid-19 on its operations could be material.
Walt Disney (DIS) – Disney is suspending pay for more than 100,000 employees, according to a report in the Financial Times. The move would save the entertainment giant up to $500 million per month. Separately, UBS downgraded Disney to “neutral” from “buy,” saying the pandemic is hitting every Disney business, most especially the theme parks.
PepsiCo (PEP) – The beverage and snack company’s purchase of Rockstar Energy Beverages has won Federal Trade Commission approval, according to the New York Post. The nearly $3.9 billion deal was announced on March 11 and should close in the next few days.
Walmart (WMT) – Walmart sales jumped nearly 20% in March, according to documents reviewed by The Wall Street Journal, as consumers stockpiled household essentials amid the virus outbreak. The retail giant is also now requiring its workers to wear masks.
DuPont (DD) – The chemical company said it expected first-quarter profit of 82 cents to 84 cents per share, compared to a consensus estimate of 68 cents a share. DuPont is suspending full-year guidance due to uncertainty about the impact of the coronavirus outbreak and said it has suspended operations at several manufacturing facilities that serve the auto industry.
Shake Shack (SHAK) – Shake Shack returned a $10 million loan it had received from the U.S. government after the restaurant chain was able to raise additional capital on its own.
Novartis (NVS) – Novartis won Food and Drug Administration approval to conduct a trial using its malaria drug hydroxychloroquine to treat Covid-19. The Swiss drugmaker said trials will begin within a few weeks and that it will report the results as soon as possible.
Philips (PHG) – Philips pulled its 2020 outlook as the coronavirus outbreak takes an increasing toll on the Dutch health technology company’s bottom line. Demand for the company’s ventilators has increased worldwide, but Philips is also seeing a significant decline in demand for its personal health products.
Facebook (FB) – Facebook is planning to introduce a mobile gaming app today, it tries to compete with offerings from Amazon’s (AMZN) Twitch, Alphabet’s (GOOGL) YouTube, and Microsoft’s (MSFT) Mixer.
Wynn Resorts (WYNN) – Chief Executive Officer Matt Maddox is calling for a mid-to-late May reopening of the Las Vegas Strip, with extensive safety measures in place. Maddox’s call came in an opinion column published on the Nevada Independent news website.
Norwegian Cruise Line (NCLH) – Norwegian has hired Goldman Sachs to explore various financing alternatives including a possible stake sale, according to The Wall Street Journal. Norwegian is attempting to navigate the financial difficulties caused by the virus-induced industrywide shutdown.
Macy’s (M) – Macy’s is exploring a rescue financing package to boost its liquidity, according to a Bloomberg report. The retailer would reportedly sell bonds back by assets including some of its real estate.

Analysis | The Cybersecurity 202: How the shutdown could make it harder for the government to retain cybersecurity talent

By Joseph Marks 13-17 minutes THE KEY President Trump delivers an address about border security amid a partial government shutdown on Jan. 8. (Carolyn Kaster/AP) The partial government shutdown that's now in its 18th day is putting key cyber policy priorities on hold and leaving vital operations to a bare bones staff. But the far greater long-term danger may be the blow to government cyber defenders' morale, former officials warn. With the prospect of better pay and greater job security in the private sector, more government cyber operators are likely to decamp to industry, those former officials tell me, and the smartest cybersecurity graduates will look to industry rather than government to hone their skills. That’s especially dangerous, they say, considering the government’s struggle to recruit and retain skilled workers amid a nationwide shortage of cybersecurity talent. About 20 percent of staffers are furloughed at the De

Democrats call for investigation into Trump’s iPhone use after a report that China is listening:Analysis | The Daily 202 I The Washington Post.

washingtonpost.com By James Hohmann _________________________________________________________________________________ President Trump and Chinese President Xi Jinping visit the Great Hall of the People in Beijing last November. (Andrew Harnik/AP) With Breanne Deppisch and Joanie Greve THE BIG IDEA: If Democrats win the House in two weeks, it’s a safe bet that one of the oversight hearings they schedule for early next year would focus on President Trump’s use of unsecured cellphones. The matter would not likely be pursued with anywhere near the gusto that congressional Republicans investigated Hillary Clinton’s use of a private email server during her time as secretary of state. Leaders of the minority party have higher priorities . But Democratic lawmakers made clear Thursday morning that they will not ignore a New York Times report that Trump has refused to stop using iPhones in the White House, despite repeated warnings from U.S. intelligence offici

RTTNews: Morning Market Briefing.-Weekly Jobless Claims Edge Down To 444,000. May 13th 2010

Morning Market Briefing Thu May 13 09:01 2010 Commentary May 13, 2010 Stocks Poised For Lackluster Open Amid Mixed Market Sentiment - U.S. Commentary Stocks are on pace for a mixed start to Thursday's session, as a mostly upbeat jobs report continued to relieve the markets while some consternation regarding the European debt crisis remained on traders' minds. The major index futures are little changed, with the Dow futures down by 4 points. Full Article Economic News May 13, 2010 Weekly Jobless Claims Edge Down To 444,000 First-time claims for unemployment benefits showed another modest decrease in the week ended May 8th, according to a report released by the Labor Department on Thursday, although the number of claims exceeded estimates due to an upward revision to the previous week's data. Full Article May 13, 2010 Malaysia's Decade High Growth Triggers Policy Tightening Malaysia's economy grew at the fastest pace in a decade in

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