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Showing posts with label CNBC | Morning Squawk.. Show all posts
Showing posts with label CNBC | Morning Squawk.. Show all posts

CNBC | Morning Squawk | Stock futures are flat ahead of April's employment report - May 4, 2015.


The Dow, S&P 500 and Nasdaq are on track for a second straight week of declines heading into today's trading.
Dow Jones Fut
23,930.15
Current: 23,874.00
Change: -36.00
Impl. Open: 1.85
S&P 500 Fut
2,629.73
Current: 2,626.75
Change: -5.00
Impl. Open: -0.33
NASDAQ 100 Fut
6,643.48
Current: 6,652.25
Change: -12.25
Impl. Open: 8.77
Russell 2000 Mini
1,546.56
Current: 1,548.30
Change: -2.90
Impl. Open: 2.04
Quotes as of 5/4/2018 7:47:49 AM ET

BY THE NUMBERS

Futures were indecisive this morning ahead of the April employment report. The Dow wiped out a nearly 400 point deficit Thursday to end the day higher. The major averages are, however, on track for a second straight week of declines heading into today's trading. (CNBC)

Consensus forecasts for the Labor Department's April jobs report call for 195,000 new non-farm jobs for April, compared with 103,000 in March, with the unemployment rate falling to 4.0 percent from the prior 4.1 percent. (CNBC)

Apple (AAPL) stock could get a boost after Berkshire Hathaway's (BRKB) Warren Buffett told CNBC that Berkshire bought 75 million Apple shares during the first quarter, bringing its total holdings to 240.3 million shares. Berkshire will release its quarterly numbers after the bell today, ahead of its annual meeting this weekend.

•  Buffett: Obsessing over iPhone X sales in the near term 'totally misses the point' on Apple's stock (CNBC)

Investors will be keeping watch on Stanford University's Annual Monetary Conference, where CNBC's Steve Liesman will be speaking with San Francisco Fed President John Williams and Dallas Fed President Rob Kaplan.
IN THE NEWS TODAY
The U.S. stands ready to impose further trade tariffs on China if Beijing walks away from agreed-upon commitments, according to the Wall Street Journal. The journal said the U.S. asked China to reduce its trade surplus by $200 billion by year-end 2020.

•  Cramer on trade: China could wait out Trump's presidency to make a trade deal—that's bad for stocks (CNBC)

CNBC has learned that special counsel Robert Mueller is focusing intensely on alleged interactions between former top Trump campaign official Rick Gates and political operative Roger Stone, one of President Donald Trump's closest confidants. 

Iran's foreign minister said the Trump administration's demands to change its nuclear agreement with world powers were unacceptable. Trump must decide to withdraw from the accord by the end of next week. (Reuters)

The president has ordered the Pentagon to prepare options for drawing down U.S. troops in South Korea, The New York Times reported. The reduction in troops is not intended to be a bargaining chip in a meeting between Trump and Kim Jong Un.

Trump will address the National Rifle Association, for the fourth year in a row, after he temporarily strayed from the group's strong opposition to tougher gun controls following the school shooting in Florida that left 17 people dead. (AP)

Residents in two subdivisions of Hawaii were forced to evacuate after the eruption of lava from the Kilauea volcano. There have been no deaths or injuries reported. The area had several small earthquakes in recent days. (NY Times)

The 2018 Nobel Prize in Literature will be awarded in 2019 instead of this year. The move came after the academy that selects the winner was engulfed in a sex abuse scandal. Six academy members have stepped down over the crisis. (USA Today)

The Department of Agriculture recalled more than 35,000 pounds of raw ground beef from Kroger stores. The recall came after a reported complaint from a consumer of hard plastic pieces found in one of the products. (Axios)

Twitter (TWTR) has urged its users to change their passwords, after a glitch in its internal computer system caused some passwords to be readable. The social media company also said it saw no evidence of a breach or misuse. (CNBC)

STOCKS TO WATCH

Activision Blizzard (ATVI) earned an adjusted 38 cents per share for its latest quarter, three cents above estimates, while the video game maker's revenue also topped forecasts on the strength of sales for its "Call of Duty" game. However, Activision did issue weaker than expected guidance for the current quarter.

CBS (CBS) came in 15 cents ahead of forecasts with adjusted quarterly profit of $1.34 per share, with revenue topping forecasts as well. CBS saw growth in ad sales as well as affiliate and subscription fees.

Shake Shack (SHAK) earned an adjusted 15 cents per share for its latest quarter, compared to a consensus estimate of eight cents, with the restaurant chain's revenue exceeding estimates as well. Shake Shack also raised its full-year outlook.

GoPro (GPRO) lost 34 cents per share for the first quarter, three cents smaller than Wall Street had anticipated. The high-definition camera maker posted higher than expected revenue as well, with sales of entry level cameras helping its results.

WATERCOOLER

"May the 4th" be with you! Today is Star Wars Day, a day for lovers of Jedi, the Resistance and the Skywalkers. This year's holiday comes before the next film in the "Star Wars" saga, "Solo: A Star Wars Story," which will release later this month. (USA Today)

CONTRIBUTORS

News Associate


Senior Producer


 

CNBC | Morning Squawk: Stock futures fluctuate on Wall Street ahead of more corporate earnings, April 1,2018.


Wednesday marked only the fifth time in 28 trading days that the Dow did not post a triple-digit move, and its 111-point trading range was its narrowest since Jan. 23.
Dow Jones Fut
24,748.07
Current: 24,721.00
Change: -12.00
Impl. Open: 4.93
S&P 500 Fut
2,708.64
Current: 2,707.25
Change: -2.50
Impl. Open: -1.64
NASDAQ 100 Fut
6,833.21
Current: 6,835.75
Change: -7.75
Impl. Open: -6.46
Russell 2000 Mini
1,583.56
Current: 1,586.30
Change: -1.40
Impl. Open: 2.09
Quotes as of 4/19/2018 7:42:44 AM ET

BY THE NUMBERS

Futures were flat this morning after a day that saw little change for the Dow, S&P 500 and Nasdaq. Wednesday marked only the fifth time in 28 trading days that the Dow did not post a triple-digit move, and its 111-point trading range was its narrowest since January 23. (CNBC)

•  Cramer rebels against Street's 'downbeat' outlook on banks (CNBC)
•  Goldman Sachs executive: 'Too early to fear a full-on global meltdown' in stocks (CNBC)

Dow component Procter & Gamble (PG), whose stable of brands include Pampers diapers and Gillette razors, is buying the consumer health business of Germany's Merck (unrelated to the U.S. company of the same name) for about $4.2 billion. (Reuters)

•  P&G beat estimates on earnings and revenue (CNBC)

Dow stock American Express (AXP) late Wednesday reported quarterly profit of $1.86 per share, beating estimates by 15 cents. Revenue also beat forecasts as customers spent more amid a rebounding U.S. economy. The stock was up about 3 percent in premarket trading today. (CNBC)

Bank of New York Mellon (BK), BB&T (BBT), Blackstone Group (BX), Danaher (DHR) and Genuine Parts (PGC) are among this morning's quarterly earnings. After-the-bell reports today include E• Trade (ETFC) and Skechers (SKX). (CNBC)

The Labor Department releases its weekly report on initial jobless claims at 8:30 a.m. ET, expected to drop to 225,000 for the week ending April 14 from 233,000 the prior week. The monthly Philadelphia Fed index is out at the same time. (CNBC)
 IN THE NEWS TODAY
President Donald Trump said that he would scrap a planned meeting with North Korean leader Kim Jong Un if he feels it's "not going to be fruitful." The president said that CIA Director Mike Pompeo and Kim "got along really well" in their recent secret meeting. (AP)

•  South Korea confirms talks to formally end war with the North (NY Times)

China said it is well prepared to handle any poor effects from its trade dispute with the Trump administration, adding that its tariff hikes on United States imports will not have a big impact overall on its domestic industries. (Reuters)

•  Trump and Japan's Abe agree to intensify trade talks (Reuters)
•  Manufacturers fear uneven penalties from China tariffs (WSJ)

Trump said he's been transparent with Robert Mueller's investigation into his campaign's ties to Russia but the president refused to say whether he would ever fire the special counsel. Trump told reporters that Mueller is "still here." (USA Today)

New York Attorney General Eric Schneiderman, who is apparently teaming up with Mueller, asked state legislators to eliminate a loophole that could let recipients of pardons for federal crimes from Trump avoid state criminal charges. (CNBC)

California reached a deal with the Trump administration to provide National Guard troops to combat drug smugglers, criminal gangs, human traffickers and illegal firearms within the state and at the U.S.-Mexico border. (Reuters)

Puerto Rico suffered an island-wide power outage, a catastrophic failure that could take up to 36 hours to restore. It happened only hours after authorities boasted that less than 3 percent of its customers remained without power after Hurricane Maria. (NY Times)

The Pentagon announced Lockheed Martin (LMT) secured a $928 million contract to build an undefined number of hypersonic conventional strike weapons. A hypersonic weapon is a missile that travels at Mach 5 or higher. (CNBC)

The FAA will order inspections of jet engines after investigators said a broken fan blade touched off an explosion on a Southwest flight. Regulators last year proposed more rigorous testing of the type of engine that exploded on a Southwest flight Tuesday. (NY Post & CNBC)

Time Warner (TWX) CEO Jeffrey Bewkes in federal court vigorously defended his company's $85.4 billion merger with AT&T (T). The Justice Department sued to stop the blockbuster deal in November. AT&T chief Randall Stephenson is expected to testify as soon today. (NY Times)

Martin Shkreli, who was convicted of defrauding hedge-fund investors and manipulating the stock of his former firm, was sent to federal prison to serve the remainder of his seven-year sentence after being denied his request for a minimum-security federal camp. (CNBC)

Billionaire Stanley Druckenmiller and Fed chair runner-up Kevin Warsh invested in a cryptocurrency project called Basis. Bain Capital Ventures said it led the $133 million private placement in Basis, which was its first purchase of tokens. (CNBC)

Nike's (NKE) vice president of footwear, Greg Thompson, has left the company, the latest in a series of executive departures at the sportswear maker. Nike's vice president of diversity and inclusion, Antoine Andrews, left earlier this week. (Reuters)

Amazon (AMZN) CEO Jeff Bezos disclosed in his annual shareholder letter that the company's Prime service now exceeds 100 million members worldwide. In 2017 alone, Amazon added more Prime members than any prior year. (CNBC)

STOCKS TO WATCH

Comcast (CMCSA) is teaming up with one of the nation's largest Blue Cross health insurers, Independence Health Group, to launch a new consumer-oriented health care technology platform. The partnership has grown out of the firms' work together on health initiatives in the Philadelphia area, where both companies are headquartered.

21st Century Fox (FOXA) rejected Comcast's bid for its entertainment assets because of antitrust concerns, according to a regulatory filing. Comcast's bid was 16 percent higher than the price that Walt Disney (DIS) is paying for those assets.

Qualcomm (QCOM) began layoffs as part of its effort to cut $1 billion in costs. Separately, China's antitrust regulator said the chip maker's proposed deal to acquire NXP Semiconductors (NXPI) for $44 billion has issues that are "hard to resolve."

Alcoa (AA) came in 7 cents ahead of estimates with adjusted quarterly earnings of 77 cents per share, while revenue was essentially in line with forecasts. The aluminum producer also raised its full-year earnings outlook on more favorable market conditions.

Sleep Number (SNBR) missed estimates by 4 cents with quarterly profit of 52 cents per share, and the mattress retailer's revenue also missed as comparable store sales fell more than expected. The stock was getting slammed by about 13 percent in the premarket.

WATERCOOLER

Elon Musk's SpaceX launched a satellite for NASA that aims to discover thousands of planets over two years. The project marked the first under a special certification SpaceX has obtained to carry one of NASA's highest-priority science instruments. (CNBC & Reuters)

CONTRIBUTORS

News Associate
Senior Producer

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