| What to watch today: Wall Street's rebound, opioid ruling against J&J, and China's response to Trump |
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TUE, AUG 27, 2019
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AS OF TUE, AUG 27, 2019 • 06:29 ET
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Dow Jones Fut |
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25,898.83 |
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Current: |
25,943.00 |
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Change: |
UNCH |
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Impl. Open: |
UNCH |
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S&P 500 Fut |
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2,878.38 |
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Current: |
2,883.50 |
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Change: |
.25 |
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Impl. Open: |
5.07 |
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NASDAQ 100 Fut |
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7,575.02 |
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Current: |
7,593.00 |
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Change: |
2.50 |
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Impl. Open: |
12.98 |
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Russell 2000 Mini |
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1,476.00 |
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Current: |
1,480.40 |
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Change: |
.10 |
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Impl. Open: |
4.05 |
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Democrats are considering the possibility of passing a short-term funding bill to keep the government running after Sept. 30. During a caucus conference call on Friday, Majority Leader Steny Hoyer raised the specter of a stop-gap measure that lasts through Nov. 22 in order to prevent a government shutdown, CNBC reported.
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Violence in Hong Kong's pro-democracy protests is becoming more serious but the government there is confident it can handle the crisis itself, embattled leader Carrie Lam said today. Demonstrations escalated Sunday, when police fired water cannon and volleys of tear gas in running battles with protesters who threw bricks and petrol bombs. (Reuters)
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The U.S. and France have struck a deal to settle their differences over a French digital tax on big tech companies. Under the deal, France will eliminate its 3% tax once a new international agreement on digital taxation is reached. The companies that pay France's tax will be reimbursed once the international agreement is in place. (CNBC)
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The G-7 nations pledged millions of dollars to help fight raging wildfires in the Amazon and protect its rainforest, even as Brazil's president accused rich countries of treating the region like a "colony." The pledges included $20 million from the group, as well as a separate $12 million from Britain and $11 million from Canada. (AP)
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Kurt Zumwalt, Amazon's (AMZN) global treasurer, has departed after 15 years of helping manage the company's cash and overseeing investments and debt financing. His departure comes as Amazon heads into another heavy investment cycle, while facing growing concerns around the trade war and regulatory scrutiny. (CNBC)
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AstraZeneca (AZN) was granted fast track approval status by the Food and Drug Administration, as it attempts to get the popular diabetes drug Farxiga approved for use in preventing heart and kidney failure for patients with chronic kidney disease.
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Taiwan Semiconductor (TSM) was sued by contract chipmaker GlobalFoundries for patent infringement. GlobalFoundries is seeking to stop Taiwan Semi's customers, which include Apple (AAPL), from importing affected products to the U.S. and Germany.
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Papa John's (PZZA) will name Arby's President Rob Lynch as its new chief executive officer, according to a Bloomberg report. The change could be announced as early as today.
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Facebook (FB) is developing a new messaging app called "Threads," according to technology website The Verge. The app is designed to promote constant contact between users and their closest friends. It's seen as a threat to Snap's (SNAP) SnapChat.
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With a little more than two months before the debut of its streaming service, Disney (DIS) dazzled fans with celebrity guests and trailers over the weekend at its D23 Expo. The company showcased a number of programs it had previously announced as well as a number of shriek-inducing reveals like three more Marvel shows and an Obi-Wan Kenobi show. (CNBC)
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Eddie Murphy will be returning to a place that helped launch his career: "Saturday Night Live." The comedian will be the host of the sketch comedy show on Dec. 21, marking the former cast member's first hosting appearance since 1984. (AP)
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