| What to watch today: S&P 500 futures turn positive after sinking overnight on Iran's retaliation |
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WED, JAN 08, 2020
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AS OF WED, JAN 08, 2020 • 07:46 ET
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Dow Jones Fut |
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28,583.68 |
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Current: |
28,525.00 |
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Change: |
-1.00 |
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Impl. Open: |
-23.68 |
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S&P 500 Fut |
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3,237.18 |
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Current: |
3,242.50 |
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Change: |
7.25 |
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Impl. Open: |
5.22 |
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NASDAQ 100 Fut |
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8,846.45 |
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Current: |
8,874.75 |
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Change: |
21.75 |
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Impl. Open: |
12.30 |
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Russell 2000 Mini |
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1,658.31 |
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Current: |
1,661.60 |
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Change: |
3.40 |
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Impl. Open: |
2.39 |
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S&P 500 futures turned higher this morning, coming back from overnight lows of more than 1.6% after Iran retaliated for the U.S. killing of a top Iranian general. International oil prices initially surged 4%. But like stocks, crude steadied as the Iranian attacks were less than feared. (CNBC)
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Constellation Brands (STZ), Lennar (LEN), and Dow stock Walgreens Boots Alliance (WBA) are out with quarterly earnings this morning. Bed Bath & Beyond (BBBY) and Helen of Troy (HELE) are among the companies releasing numbers after today's closing bell. (CNBC)
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A Boeing (BA) 737-800 passenger jet, not the grounded Max, operated by a Ukrainian airline crashed minutes after take-off from Tehran on Wednesday morning. There were no survivors. Ukraine International Airlines Flight 752 had 167 passengers and nine crew members on board. (CNBC)
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United Airlines (UAL) will take a $90 million charge against fourth-quarter earnings, due to Hong Kong disruptions from ongoing anti-government protests. United said the protests have reduced demand for travel to Hong Kong. (Reuters)
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Fugitive ex-Nissan chief Carlos Ghosn's lawyers attacked the auto maker this morning, before he was scheduled to hold a highly-anticipated news conference, accusing Nissan of using a "flawed, biased" internal probe to engineer his arrest. (Reuters)
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Senate Majority Leader Mitch McConnell said Senate Republicans are prepared to move forward on a Trump impeachment trial without agreeing first to rules about witnesses and without any Democratic votes. (CNBC)
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Facebook (FB) and eBay (EBAY) have removed hundreds of groups and accounts engaged in trading fake reviews, after the U.K. antitrust regulator flagged concerns over them in June. (CNBC)
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Apple's (AAPL) App Store platform grossed around $50 billion in 2019, according to analysis by CNBC. But growth is slowing. However, at $50 billion in annual sales App Store alone would be No. 64 on the Fortune 500, ahead of Cisco and behind Morgan Stanley.
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Luckin Coffee (LK) announced a secondary offering of 7.2 million American depositary shares. Additionally, a shareholder of the China-based coffee chain is offering 4.8 million American depositary shares for sale. Separately, Luckin is expanding into vending machines to increase its share of the China market.
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Alibaba (BABA) is undercutting Amazon (AMZN) in Europe by offering lower fees for sellers, according to sources who spoke to Reuters. The sources say the move by the China-based online retailer has had mixed results.
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Macy's (M) has cut 70-plus workers at its Bloomingdale's chain and plans to announce larger layoffs in February, according to a report in Women's Wear Daily. The moves are said to be part of the retailer's restructuring plan.
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The Cowboys plan to introduce Mike McCarthy as the ninth coach in franchise history today. The former Green Bay Packers coach agreed to a deal with the organization Monday to be the next Dallas head coach. (USA Today)
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