{"id":12859,"date":"2019-04-22T07:58:06","date_gmt":"2019-04-22T12:58:06","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12859"},"modified":"2019-04-22T07:58:06","modified_gmt":"2019-04-22T12:58:06","slug":"before-the-open-apr-22-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12859","title":{"rendered":"Before the Open (Apr 22)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a good weekend. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down. China, Hong Kong, India and Indonesia suffered big losses. Europe, Africa and the Middle East<\/strong> are currently mixed. Germany, Russia, Greece, South Africa, Finland, the Netherlands and Sweden are up; Denmark, Turkey, Hungary, Israel and Saudi Arabia are down. Futures in the States<\/strong> point towards moderate gap down open for the cash market. <\/span>
\nThe dollar is down slightly. Oil is up big; copper is down. Gold and silver are up. Bonds are down. <\/span>
\n Stories\/News from Seeking Alpha…<\/span>
\n Futures are lower after the Easter long weekend that could make Monday the quiet before one of the busiest weeks of the earnings season so far. Earnings reports before the bell today include Halliburton (NYSE:HAL) and Kimberly-Clark (NYSE:KMB), while Whirlpool (NYSE:WHR) and Celanese (NYSE:CE) are among those reporting after the close. Big names printing later in the week include Procter & Gamble (NYSE:PG), Twitter (NYSE:TWTR), Facebook (NASDAQ:FB), Microsoft (NASDAQ:MSFT), Tesla (NASDAQ:TSLA), Amazon (NASDAQ:AMZN), Ford (NYSE:F) and Chevron (NYSE:CVX).<\/span>
\n Oil spikes as U.S. prepares to end waivers<\/span>
\n The U.S. is preparing to announce today an end to sanctions waivers granted to importers of Iranian oil last year, according to Reuters and Washington Post sources. Oil prices spiked on the news, with Benchmark crude oil futures up 2.6% and U.S. West Texas Intermediate up 2.3% in early trading.<\/span>
\n Tesla will webcast Autonomy Day<\/span>
\n Tesla (TSLA) will webcast its Autonomy Investor Day today on YouTube at 11 a.m. Pacific. The company will present its self-driving technology roadmap. Rumors suggest Tesla will demo the latest developments in its Full Self-Driving system and Elon Musk could tout his ultimate promise: robot taxi fleets.<\/span>
\n Samsung cancels Galaxy Fold launch event<\/span>
\n Samsung (OTC:SSNNF, OTC:SSNLF) has postponed its April 24 launch event for the Galaxy Fold in China. The company didn\u2019t provide a reason or a new event date. Journalists reviewing the premium devices experienced screen issues after removing a protective film. Samsung said it was looking into the matter. The premium foldable device is meant to launch in the U.S. and other select markets on April 26.<\/span>
\n Huawei\u2019s new accusation, first quarterly print<\/span>
\n The CIA has reportedly accused Huawei of being funded by Chinese state security amid US-China tensions about concerns the tech company\u2019s equipment could be used for espionage. The political pressure apparently hasn\u2019t hurt Huawei, with the company reporting its first quarterly results and a 39% Y\/Y revenue growth. Bad news for Huawei is generally seen as good news for Nokia (NYSE:NOK) and Ericsson (NASDAQ:ERIC).<\/span>
\n Boeing workers doubt Dreamliner quality<\/span>
\n In a New York Times report, Boeing (NYSE:BA) workers say production of the 787 Dreamliners also faced production issues with the company culture reportedly valuing \u201cproduction speed over quality.” A former Boeing quality manager turned whistleblower says he hasn\u2019t yet seen a plan out of that production that he\u2019d \u201cput my name on saying it\u2019s safe and airworthy.\u201d Boeing denies the claims.<\/span>
\n Fastly files for $100M IPO<\/span>
\n Edge cloud platform Fastly (FSLY) has filed for a $100M IPO to list on the NYSE. The company competes with Akamai (NASDAQ:AKAM) and Limelight (NASDAQ:LLNW) in legacy CDNs and traditional data center and appliance vendors like F5 (NASDAQ:FFIV) and Citrix (NASDAQ:CTXS). The IPO could value Fastly at more than $1B.<\/span>
\n Sinclair top bidder in Fox RSN auction<\/span>
\n Bidding for the former Fox regional sports networks has reached its endgame with Fox (NASDAQ:FOX) Business reporting Sinclair Broadcast Group (NASDAQ:SBGI) has placed the top bid. Sinclair is reported to have bid about $10B for the nets, which Disney (NYSE:DIS) is selling as a regulatory requirement for the completed Fox media asset acquisition. Other bidders included Liberty Media (NASDAQ:FWONA), Major League Baseball and Ice Cube’s Big3 basketball league.<\/span>
\n What else is happening…<\/span>
\n JPMorgan (NYSE:JPM) to widen use of blockchain system.<\/span>
\n ETF to invest in growing space economy.<\/span>
\n Battered health insurers look like a buy: Barron’s.<\/span>
\n Spotify (NYSE:SPOT) is risky: Barron’s.<\/span>
\n FDA okays first non-drug treatment for ADHD.<\/span>
\n FDA okays Teva’s (NYSE:TEVA) generic NARCAN nasal spray for opioid overdose.<\/span>
\n Novartis (NYSE:NVS) discloses death in European study of gene therapy for SMA.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Chicago Fed National Activity Index
\n 10:00 Existing Home Sales<\/span><\/span><\/span>
\nOther<\/strong>…<\/span>
\ntoday’s upgrades\/downgrades<\/a> from briefing.com<\/span>
\nthis week’s Earnings<\/a><\/span> from Morningstar<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning. Happy Monday. Hope you had a good weekend. The Asian\/Pacific markets closed mostly down. China, Hong Kong, India and Indonesia suffered big losses. Europe, Africa and the Middle East are currently mixed. Germany, Russia, Greece, South Africa, Finland, the Netherlands and Sweden are up; Denmark, Turkey, Hungary, Israel and Saudi Arabia are down. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12859"}],"collection":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12859"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12859\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}