S&P 500 futures up 0.9% to 2,872.75
Brent futures up 1.5% to $59.09/bbl
Gold spot down 0.7% to $1,512.71
US Dollar Index up 0.1% to 98.26GLOBAL NEWS :Earnings season: Deere
, GreenTree Hospitality
are among companies reporting earnings today.More calls for a rate cut within the Fed.
The head of the Fed in Minneapolis, Neel Kashkari, is "leaning towards the camp of yes" because "we need to give more stimulus to the economy, more support, we need to continue the expansion and not allow a recession to hit us," he told Minnesota Public Radio. "The signals are mixed. But it's definitely a nervous time." Cathay Pacifics CEO quits
. The board accepted the resignation of Rupert Hogg, the CEO of the Hong Kong airline. This comes as Cathay Pacific
Airways shares fell close to their lowest level in a decade, after China criticized the airline for letting its employees join pro-democracy protests in Hong Kong. The company threatened to fire these employees. Chinas civil aviation authority has asked the company to submit information about all crew members flying to China for verification and authorization.Joseph Tsai to acquire the Nets and Barclays Center for $3.5 billion.
The co-founder of Alibaba
is to take control of the Nets and their stadium. Joseph Tsai, who had already bought 49% of the Nets from Mikhail Prokhorov for $1 billion, will soon become the sole owner of the Brooklyn franchise for another $1.3 billion. The Taiwanese Canadian businessman will also buy the Barclays Center for an additional $1.2 billion.General Electric: a $38 billion suspected fraud. General Electric
has tumbled on the stock market following accusations by a whistleblower that the group had hidden several tens of billions of dollars in losses. The group formally denied it. The conglomerate is accused of hiding $38.1 billion in potential losses and its cash position is allegedly much worse than its accounts suggest.