10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, AAL)

Soapbox Derby

Here is what you need to know.


  1. 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.”

  2. 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.

  3. 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.”

  4. 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
    Isom.
  5. 29
    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. 
  6. Uber’s
    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
    company. 

  7. 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
    major.  

  8. 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.
  9. 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
    near 2,908.
  10. US economic
    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%.


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Source: FS – All – Economy – News
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, AAL)