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10/02/2019 | 09:21am EST

The news is busy today: business is getting tough for Facebook with its virtual currency and for Nike, caught up in a doping case. US stock-index futures, Asian and European shares are down.



S&P 500 futures down 0.4% to 2,926.50

Brent futures down 0.3% to $58.73/bbl

Gold spot up 0.1% to $1,480.55

U.S. Dollar Index up 0.2% to 99.32



Libra, the shadow of a doubt. Facebook is trying to put an end to dissension within the Libra coalition so that its project does not go off track, when, according to Wall Street, pillars like Visa and Mastercard are doubting their commitment. Theoretically, the virtual currency should be launched next year, but many financial authorities and regulators have expressed doubts about the feasibility of the project. The WSJ says that the association's members are scheduled to meet Thursday in Washington, D.C., and then in Geneva on October 14 to appoint a board of directors.

Rififi at Nike's. The group is caught up in a doping affair. Coach Alberto Salazar, who is in charge of the Oregon project at Nike, was suspended for four years by the US Anti-Doping Agency. The company's CEO, Mark Parker, was copying messages about the progress of the coach's work, who obviously also had chemistry skills.

GM on strike. The strike at General Motors in the United States forced the manufacturer to put 6,000 employees out of work in factories in Mexico. Negotiations between the manufacturer and the UAW union are still ongoing. Around 50,000 employees are on strike in the group's American factories, demanding wage increases. The situation forced GM to postpone the publication of its quarterly revenues, initially scheduled for yesterday.

The mischief. By offering yesterday afternoon lower prices in brokerage, The Charles Schwab Corporation has rekindled fears of price wars in the American bank. In particular, the financial intermediary announced that there will no longer be any commissions on the purchase and sale of shares online, causing it to fall by nearly 10% on the stock market. Its rivals Interactive Brokers, TD Ameritrade and E*Trade Financial lost 7.4%, 25.8% and 16.4% respectively.

In other news. UPS is the first company to receive the green light from the US FAA to operate a network of commercial UAVs in the United States. Johnson & Johnson will pay $20.4 million as part of an out-of-court settlement to settle claims in two Ohio counties in the case of the opioid crisis in the United States. Deutsche Post plans to invest $2.2 billion in its digital transformation by 2025. Sony is halving the price of its subscription to the Playstation Now online video game service. Bombardier Transportation selects Leclanché as a global supplier of battery systems for rail transportation. Nestlé sold its Skin Health division for CHF 10.2 billion to EQT and ADIA. Tesco's general manager will hand over next year.

Stocks mentioned in the article
ChangeLast1st jan.
BOMBARDIER INC. 0.49% 2.07 Delayed Quote.1.48%
CHARLES SCHWAB CORPORATION (THE) 0.00%End-of-day quote.0.00%
DEUTSCHE POST AG -0.63% 34.12 Delayed Quote.42.70%
DJ INDUSTRIAL 0.11% 28036.22 Delayed Quote.20.05%
FACEBOOK 1.18% 197.4 Delayed Quote.50.58%
GENERAL MOTORS COMPANY -0.73% 36.62 Delayed Quote.9.48%
JOHNSON & JOHNSON -0.08% 134.83 Delayed Quote.4.56%
LONDON BRENT OIL 0.06% 62.3 Delayed Quote.15.59%
MASTERCARD 0.03% 280.86 Delayed Quote.48.84%
NASDAQ 100 0.16% 8328.478854 Delayed Quote.30.46%
NASDAQ COMP. 0.11% 8549.93773 Delayed Quote.27.79%
NESTLÉ 0.00%End-of-day quote.0.00%
NIKE 0.00%End-of-day quote.0.00%
S&P 500 0.05% 3122.03 Delayed Quote.24.54%
SONY CORPORATION 1.75% 6844 End-of-day quote.32.94%
TESCO -2.04% 211.15 End-of-day quote.0.00%
UNITED PARCEL SERVICE -0.78% 122.77 Delayed Quote.25.88%
UPSALES TECHNOLOGY AB (PUBL) -5.79% 23.6 Delayed Quote.0.00%
US DOLLAR INDEX -0.21% 97.79 End-of-day quote.1.14%
VISA -0.06% 179.66 Delayed Quote.36.17%

Romain Fournier
© MarketScreener.com 2019
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