Monday, May 1, 2017

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TWTR, FOXA, BX, TRIB)

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TWTR, FOXA, BX, TRIB)
By Jonathan Garber

North Korea missile launchHere is what you need to know. 

Congress has a budget dealThe deal, which has bi-partisan support, will fund the government through September 30, Reuters says. It must still be approved by both the House and the Senate. 

China's manufacturing slowsChina's manufacturing PMI slowed to 51.2 in April, its weakest in six months, Reuters says, citing data from the National Bureau of Statistics.  

The latest French election poll shows Macron with a comfortable leadCentrist Emmanuel Macron holds a 61% to 39% lead over far-right candidate Marine Le Len, according to a tweet by Bloomberg Paris Bureau Chief Geraldine Amiel, citing an Opinionway poll released on Monday. 

Macau gaming revenue jumpsRevenue jumped 16.3% to 20.2 billion patacas ($2.52 billion), coming in at the upper range of the 13% to 17% growth that analysts were expecting, Reuters says. 

Bitcoin soars to an all-time high. The cryptocurrency hit an all-time high of $1,422.68 a coin early Monday. Currently, it's up $49, or 3.8%, near $1,354 a coin.

Bloomberg and Twitter are teaming up for a streaming newsThe two companies have hammered out a deal for a 24 hours a day, seven days a week, streaming news service that will be broadcast on Twitter, the Wall Street Journal reports. 

21st Century Fox and Blackstone are reportedly trying to team up to buy Tribune. Details of the attempted bid, which was first reported by the Financial Times, are unknown.

Stock markets around much of the world are closed for Labor DayThe S&P 500 is set to open down 0.2% near 2,384.

Earnings reports flow. Dish and Loews report ahead of the opening bell while AMD and Texas Roadhouse are among the names releasing their quarterly results after market close. 

US economic data is moderate. Personal income and spending will be released at 8:30 a.m. ET before Markit US manufacturing and ISM manufacturing cross the wires at 9:45 a.m. ET and 10 a.m. ET, respectively. The US 10-year yield is up 2 basis points at 2.30%. 

May 1, 2017 at 06:38AM
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