Benzinga
0
All posts from Benzinga
Benzinga in Benzinga,

The Market In 5 Minutes

IN THE NEWS

Benzinga

For Tesla Inc TSLA fans, good tidings came in the form of a series of tweets from CEO Elon Musk. The highly-anticipated mass market Model 3 vehicles could be ready to roll off the factory assembly line.: Link

A Miami man who unleashed hundreds of millions of “robocalls” hawking dubious vacation trips — using a dozen different disappearing corporations over two decades — faces a $127 million fine by July 22 unless he can prove his business was something more than a tenacious telemarketing scam: Link

It’s certainly not impossible that Verizon Communications Inc. VZ is considering acquiring Walt Disney Co DIS. But if this New York Post rumor plays out at all like the others, the deal isn't likely: Link

Wall Street Journal

If you drew up a list of preconditions for recession, it would include the following: a labor market at full strength, frothy asset prices, tightening central banks, and a pervasive sense of calm: Link

J.P. Morgan Chase & Co. JPM made a preliminary approach to acquire U.K. payments business Worldpay Group Inc., potentially marking one of the biggest deals for a U.S. bank since the financial crisis and reflecting banks’ growing confidence in a shifting regulatory environment: Link

Republican senators are confronting a political challenge that is increasingly hard to ignore as they engage with voters during the July Fourth recess: Under their health-care overhaul, average premiums for a midlevel insurance plan would jump by 20% next January: Link

Reuters

Federal prosecutors on Monday asked a U.S. judge for a gag order muzzling former drug company executive Martin Shkreli, on trial for securities fraud charges, arguing that his statements to media could taint the jury and disrupt the case, court papers show: Link

The U.S. government has sought to intervene in Apple's AAPL appeal against an EU order to pay back up to 13 billion euros ($14.8 billion) in Irish taxes, a source familiar with the matter said on Tuesday: Link

Bloomberg

Donald Trump’s encounter with Russian leader Vladimir Putin is raising concerns among veteran American diplomats and analysts about a mismatch between a U.S. president new to global affairs and a wily former Soviet spymaster experienced in the long game of strategy and statecraft: Link

Federal Reserve officials have mapped out plans to reduce their $4.5 trillion balance sheet, but they’ve left out one key detail: the starting point: Link

New York Post

Disgraced tech investor Dave McClure has resigned as a general partner of 500 Startups, according to reports: Link

ECONOMIC DATA

  • Redbook Reports US Retail Sales Up 0.7% MoM During Jun., Up 2.5% YoY
  • Data on factory orders for May will be released at 10:00 a.m. ET.
  • The Federal Open Market Committee will issue minutes of its latest meeting at 2:00 p.m. ET.

ANALYST RATINGS

This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here or email minutes@benzinga.com.

© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


Source