IN THE NEWS
Benzinga
President Donald Trump’s ever-contracting cabinet lost another member Friday with a fresh vacancy in health and human services:
Link
Elon Musk is spread pretty thin these days as he manages The Boring Company, SpaceX and Tesla Inc (NASDAQ:
TSLA). In turn, Tesla’s spread pretty thin as it balances
ventures in automotive manufacturing, solar energy and battery construction:
Link
Wall Street Journal
At least 50 people are dead and more than 200 wounded after a shooting late Sunday at a music festival on the Las Vegas Strip:
Link
The man who exposed college basketball, Marty Blazer, couldn't believe what he had gotten himself into:
Link
Reuters
Facebook Inc (NASDAQ: FB) said it plans on
Monday to turn over to the U.S. Congress copies of some 3,000 ads that the social network says were bought on Facebook likely by
people in Russia in the months before and after the 2016 U.S. election:
Link
Finance minister Philip Hammond said on Monday Britain would continue to lobby the United States over a trade dispute with
Canadian planemaker Bombardier, but said there were limits to what it could achieve:
Link
Bloomberg
A popular digital-coin exchange is drawing scrutiny from U.S. regulators over a June flash crash that erased most of the value
in the second-largest cryptocurrency before traders had time to blink their eyes:
Link
On the last page of a nine-page tax plan that calls for slashing business rates, President Donald Trump and congressional
Republicans proposed a little-noticed, brand-new tax that may hit companies like Apple Inc. (NASDAQ: AAPL) and Pfizer Inc. (NYSE: PFE):
Link
New York Post
Discussions to take Nordstrom (NYSE: JWN)
private are in danger of falling apart:
Link
ECONOMIC DATA
- The manufacturing PMI for September is schedule for release at 9:45 a.m. ET.
- The ISM manufacturing index for September will be released at 10:00 a.m. ET.
- Data on construction spending for August will be released at 10:00 a.m. ET.
- The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
- Dallas Federal Reserve Bank President Robert Kaplan is set to speak in El Paso, Texas at 2:00 p.m. ET.
ANALYST RATINGS
- HSBC upgraded Tiffany's (NYSE: TIF) from
Hold to Buy
- Morgan Stanley upgraded Sarepta (NASDAQ:
SRPT) from Equal-Weight to Overweight
- KeyBanc upgraded Generac (NYSE: GNRC)
from Sector Weight to Overweight
- Jefferies downgraded Pepsico (NYSE: PEP)
from Buy to Hold
- Morgan Stanley downgraded Splunk (NASDAQ: SPLK) from Overweight to Equal-Weight
- Mizuho downgraded Sanderson Farms (NASDAQ: SAFM) from Buy to Neutral
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