It’s a flat day for the major averages, but the financial sector (XLF +1.1%) is making a sizable move the upside.
The U.S. House of Representatives is expected to pass the bank deregulation bill–the Economic Growth, Regulatory Relief, and Consumer Protection Act–today, according to a Height Research report by Ed Groshans. He puts the chance that it will pass at greater than 95%
More hitches in optical component stocks as President Trump now says there’s not yet a deal with China to save ZTE (OTC:ZTCOF).
Comcast (CMCSA +0.9%) is seeing one less hurdle for a $31B takeover of Sky (SKYAY +0.6%), with the UK’s culture secretary saying regulators aren’t likely to have a problem with the deal.
Twenty-First Century Fox (FOX +1.6%, FOXA +1.5%) is closing in on a shareholder vote over Walt Disney’s (DIS +1.3%) bid for Fox’s media assets, CNBC’s David Faber reports.
U.S. stock index futures are up 0.2%, continuing the positive sentiment that sent the DJIA above 25,000 on Monday for the first time since March.
The easing of trade tensions between the U.S. and China is continuing, with the latter pledging to cut import tariffs on passenger vehicles to 15%, down from 25%. Import duties on car parts will be reduced to 6%.
Members of the European Parliament will get to question Facebook (NASDAQ:FB) CEO Mark Zuckerberg today on everything from Cambridge Analytica and Europe’s new privacy rules to the social network’s role in elections and foreign investment.
It would be the biggest rewrite of financial laws since the Dodd-Frank reform act passed after the financial crisis.
The U.S. Senate has voted 67 to 31 to ease bank rules, bringing Congress a step closer to passing the first rewrite of the Dodd-Frank reform law enacted after the financial crisis.
Stocks rallied across the board, rebounding from last week’s losses, after Treasury Secretary Mnuchin said a trade war between the U.S. and China is now “on hold.”
The supposedly bullish news of a power-sharing agreement between Italy’s Five Star Movement and The League isn’t doing much to help that country’s market for government debt, and chatter about a eurozone break up is again entering the conversation.
Political instability in Italy seems to be coming to an end with a power sharing agreement between the Five Star Movement and The League.
Stocks, oil prices and the dollar are all getting a boost, with the Dow set to leap 228 points, amid easing U.S.-China tensions that have roiled global markets this year. Dow +0.9%; S&P 500 +0.6%; Nasdaq +0.7%.
Envision Healthcare (NYSE:EVHC) has jumped 7.8% after hours as Reuters reports HCA Healthcare (NYSE:HCA) and KKR are teaming up for a buyout bid.
Stocks finished mostly lower in range-bound trading, but small caps again showed relative strength, pushing the Russell 2000 to its third consecutive record close.
Stocks drifted mostly lower after Pres. Trump said he doubted that trade talks between the U.S. and China would result in a deal.
CBS is on the slide, down 6.2%, after the Redstone family wins a key court decision in their fight with the broadcaster over a potential re-merger with Viacom (VIA +0.7%, VIAB -0.2%).
Take-Two Interactive (NASDAQ:TTWO) has rebounded from last night’s post-earnings declines, settling in for 2% gains currently after hitting a 3.5-month high this morning.
Facebook (FB +0.3%) CEO Mark Zuckerberg heads overseas to meet with the European Parliament on Tuesday evening, where he’ll discuss the use of personal data of the company’s European Union users.