S&P 500 futures up 0.3% to 2,936.25
Brent Futures down 0.5% to $60.78/bbl
Gold spot down 0.2% to $1,524.85
US Dollar Index up 0.05% to 98.55
Earnings season. SAIC Motor
, Boc Hong Kong
, Campbell Soup
are among companies reporting earnings today.
Victory for GE. General Electric
won a partial legal victory in the United States in shareholder lawsuits for the management of the company, including accusations that it miscommunicated its risk exposure in its health and energy insurance divisions.
Green light for Aramco.
Aramco will finally go public in two stages, via a small operation on its local market first and then on a foreign market like Tokyo with a stronger fundraising campaign, the Wall Street Journal reports.
Huawei sans Android.
Huawei's next high-end smartphone, the Mate 30, will be delivered without the enhanced version of Android including Google Maps or Gmail, but buyers will be able to download the applications, due to restrictions imposed by the United States.
Derivatives for sale. BNP Paribas
will try to buy back the equity derivatives offered for sale by Deutsche Bank, but other contenders are on the list, according to indiscretions obtained by Reuters. However, the French bank is confident that it’ll win the bid, as it should already be able to recover the privileged brokerage activity of its German counterpart.
is expected on September 10 with a new range of iPhone. An appointment was made in Cupertino, in the fiefdom of the group. The invitation includes a five-color version of the famous logo, which suggests that the smartphone will be available in new colors. It will take a little more to convince the market, while the iPhone weighed less than half of the group's revenues in the second quarter of 2019, the first in seven years.
Yes to the Yankees
. Yankee Global and Sinclair Broadcast
buy Yes Network from Walt Disney on the basis of an enterprise value of $3.47 billion. They are supported in this project by Amazon.com, Redbird and Mubadala. Yankee Global already held 20% of the capital of the local channel specializing in the broadcasting of sports events from New York State and New Jersey. Yankee Global is the owner of the famous New York Yankee Baseball Club.
Juul too influential?
The Wall Street Journal reveals that the American Commercial Constable (FTC) is investigating the electronic cigarette manufacturer Juul, in which Altria owns 35%. The FTC is interested in Juul's business strategy, particularly with regard to young people and the use of influencers.
In other news. Dell Technologies
up post-closing after good results. Tesla announced this morning price increases in China to counter the yuan slide. Emmi merges its Chilean subsidiary with its competitor Quillayes to create the country's fourth largest milk producer.