BY THE NUMBERS
U.S. futures have been pointing to a better Wall Road open, following the deal introduced by President Donald Trump late Friday to keep away from the imposition of tariffs on Mexico. The market is coming off its finest weekly positive aspects of 2019, with the Dow surging 4.7% final week to its highest stage in a month. The Dow additionally broke its six-week shedding streak, its longest in eight years. (CNBC)
The phrases of the Trump-Mexico deal principally include actions on immigration the U.S. and its southern neighbor really agreed to months in the past, reportedly in a secret assembly, nicely earlier than the president’s unique determination to threaten tariffs. (NY Occasions)
* Mnuchin: Trump might renew tariff menace if Mexico does not ship on immigration (CNBC)
* Mnuchin defends utilizing punishing tariffs to resolve safety issues (CNBC)
* Mnuchin: Trump is ‘completely joyful’ to hit China with new tariffs if Xi assembly does not go nicely (CNBC)
China stays silent on a potential assembly between Trump and Chinese language President Xi Jinping on the G-20 assembly later this month, regardless of U.S. officers saying repeatedly that they anticipate the 2 leaders to speak. The 2 nations stay at a stalemate of their commerce and financial disputes. (Reuters)
* China’s Could commerce surplus surges far more than anticipated total and with the US (CNBC)
* ‘We’re at an deadlock’ with China, says Canadian Finance Minister Morneau (CNBC)
On at present’s financial calendar, the Labor Division points its month-to-month JOLTS report, the measure of job alternatives and labor turnover, at 10 a.m. ET. There are not any main earnings stories out at present. (CNBC)
IN THE NEWS TODAY
Raytheon (RTN) and United Applied sciences (UTX) introduced they might merge in an all-stock deal, a tie-up that will create a behemoth within the protection and aerospace sectors. Shares of each firms have been greater within the premarket. Calling it a “merger of equals,” UTX would personal 57% of the brand new firm whereas Raytheon would personal 43% on a diluted foundation. (CNBC)
* How United Applied sciences-Raytheon merger might reshape the business (CNBC)
Shares of Tableau Software program have been hovering greater than 30% within the pre-market, after Salesforce (CRM) mentioned on Monday it could purchase the info analytics platform in an all-stock deal valued at $15.7 billion. Salesforce shares have been underneath some stress. (Reuters)
Tilray (TLRY) struck a take care of its majority shareholder, a Peter Thiel-backed fund, to promote the fund’s stake step by step over the subsequent two years. Privateer Holdings, a cannabis-focused personal fairness fund, shaped Canada-based Tilray in 2013. (CNBC)
AT&T (T) veteran John Stankey, who took over as WarnerMedia CEO a yr in the past, is accountable for making the $100 billion Time Warner wager work by attending to 70 million subscribers for WarnerMedia’s upcoming streaming service. (CNBC)
Greater than 180 CEOs have signed a letter opposing legal guidelines and rules that limit women’s reproductive healthcare, together with abortion. The letter seems at present as a full-page advert in The New York Occasions underneath the heading “Don’t Ban Equality.” (CNBC)
American Airways (AAL) is extending cancellations, by Sept. 3, of flights involving Boeing’s (BA) 737 Max jets, which have been grounded worldwide since mid-March after two deadly crashes. Boeing mentioned it is accomplished software program modifications for the planes however the FAA and its worldwide counterparts haven’t signed off but. (CNBC)
The Home is predicted to vote tomorrow on a civil contempt decision towards Lawyer Basic WIlliam Barr and former White Home counsel Don McGahn, in a bid to obtain an unredacted copy of Robert Mueller’s Russia investigation. MCGahn additionally acquired govt privilege to protect him from speaking to Congress or turning over paperwork. (NPR)
* Democrats push forward with hearings on Russia Probe (AP)
Hong Kong’s chief signaled at present that her authorities will push forward with amendments to extradition legal guidelines regardless of large protests towards them that underscored fears about China’s broadening footprint within the semi-autonomous territory. (Related Press)
Former Pink Sox slugger David Ortiz is in secure situation and recovering from a gunshot wound he suffered on Sunday within the Dominican Republic. Ortiz was a 10-time All-Star and three-time World Sequence champion with Boston. (USA In the present day)
A single $2 ticket offered in San Diego hit the $530 million Mega Hundreds of thousands jackpot. Whereas California is not a nasty place to win, the state doesn’t tax lottery winnings, the fortunate individual (or group of individuals) will not have the ability to stay nameless. (CNBC)
STOCKS TO WATCH
Spark Therapeutics (ONCE) and Swiss drug maker Roche have hit one other delay of their deliberate mixture. Roche mentioned each firms have an FTC request for extra data, and that U.Ok. regulators have opened a probe as nicely. Roche is planning to purchase Spark for $4.Three billion.
Kraft Heinz (KHC) accomplished an inside investigation into its accounting costs and altered its monetary practices in consequence. Kraft Heinz noticed its inventory price take successful when it revealed earlier this yr that federal regulators have been probing its funds.
Microsoft (MSFT) has unveiled its next-generation Xbox, saying the online game console will likely be 4 instances extra highly effective than the present model. It’s going to hit retailer cabinets in the course of the 2020 vacation purchasing season.
Fiat Chrysler (FCAU) and French automaker Renault are searching for methods to revive their deserted merger plan, in response to Reuters. Renault alliance companion Nissan is claimed to need Renault to considerably cut back its 43.4% stake within the Japanese automaker in return for supporting the deal.
Uber (UBER) Chief Working Officer Barney Harford has stepped down, in response to a Reuters report, with CEO Dara Khosrowshahi eliminating the place to take extra management of operations.
Dish Community (DISH) is open to merging its satellite tv for pc TV enterprise with AT&T’s (T) DirecTV unit, in response to a Bloomberg report. Nonetheless, there are presently no lively talks about such a deal.
Common’s “The Secret Life of Pets 2” and “Dark Phoenix,” an “X-Men” sequel from Fox, led ticket gross sales on the field workplace this weekend. However each fell wanting expectations. (NY Occasions)
“Hadestown,” primarily based on a mythological journey to the underworld, took home finest musical on the Tony Awards in New York final night time. The musical received essentially the most awards of the night time, at eight. (WSJ)