Here is what you need to know.
Conservative MPs are getting worried Brexit may not
happen. “There has been a significant shift in the
conversation around revocation,” said a Conservative Member of
Parliament. “It is interesting to see how many of my colleagues are
now openly discussing it.”
Healthcare IPOs are booming. Jordan Saxe, the
Nasdaq’s head of healthcare listings, gave Markets Insider an
inside look at the active market for healthcare IPOs.
A market bear explains why stocks will crash 30% before the end of
the year and then flatline for 12 years. “Full-cycle
risks have a way of emerging in ways that investors wholly rule out
at market peaks,” said John Hussman, the former economics professor
who is now president of the Hussman Investment Trust, in a recent
note to clients. “Glorious half-cycle market advances leave
investors vulnerable to catastrophe, because investors hold
contempt for anyone who suggests there may be a cliff on the other
side of the mountain.”
American Airlines extends its cancellations of Boeing 737 Max
flights. Flights using the aircraft will be suspended
through August 19, Reuters says, citing a letter from American
Airlines Chief Executive Doug Parker and President Robert
banks are working on Uber’s IPO. The ride-hailing
company Uber filed for an initial public offering on Thursday —
here’s a list of the 29 banks, led by Goldman Sachs, who are
working on the IPO.
IPO shows how Saudi cash drives Silicon Valley
innovation. Saudi Arabia’s presence in Silicon Valley
is larger than it has ever been and that became clear after Uber’s
public filing showed the kingdom owns 5.2% of the ride-hailing
Tiger Woods wins his 5th green jacket. Woods overcame
a three-shot deficit with 12 holes to play to win the Masters for
the first time since 2005. It was his 15th victory at a
Earnings reporting picks up a bit. Citigroup and
Goldman Sachs report ahead of the opening bell while JB Hunt
releases its quarterly results after markets close.
Stock markets around
the world were mixed. China’s Shanghai Composite
(-0.34%) led the losses in Asia and France’s CAC (+0.16%) was out
front in Europe. The S&P 500 was set to open little changed
data is light. Empire Manufacturing will be released
at 8:30 a.m. ET and TIC flows will cross the wires at 4 p.m. ET.
The US 10-year yield was down 1 basis point at 2.56%.
Source: FS – All – Economy – News
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, AAL)