1. Nervous markets: Global markets are heading for a third consecutive day of losses amid growing tensions between North Korea and the U.S. U.S. stock futures were pointing to a weaker open on Friday.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | -18.00 | | -12.25 | | -3.25 | | -0.08% | | -0.21% | | -0.13% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -8.97 | | -53.21 | | -80.42 | | 19,729.74 | | 3,208.54 | | 7,309.52 | | -0.05% | | -1.63% | | -1.09% | | | |
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| Key Stats | Latest | Today's Change | | | Oil | $48.22 | -0.37 / -0.76% | | | Gold | $1,293.60 | +3.50 / +0.27% | | | 10-yr | 2.21% | -0.03 / -1.29% | | | Euro | $1.18 | -0.00 / -0.08% | | | |
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| News: What you need to know about the markets | | | | | | | Trump on North Korea; Google scandal; Trouble at Snap | By Ivana Kottasová
Friday, August 11th, 5:31am | | | | 1. Nervous markets: Global markets are heading for a third consecutive day of losses amid growing tensions between North Korea and the U.S. | | | | U.S. stock futures were pointing to a weaker open on Friday. | | | | European markets were also in the red following a negative session in Asia. | | | | Investors are increasingly nervous: The VIX volatility index, a closely-watched "fear gauge," is up 70% since Tuesday. Meanwhile, the CNNMoney Fear & Greed Index has swung firmly into the fear zone. | | | | President Trump took aim at North Korea again on Thursday, saying that his earlier threat to unleash "fire and fury" may not have gone far enough. | | | | The latest rhetorical escalation comes after North Korean state media reported that the country's military leaders were working on a proposal to launch four intermediate-range missiles into the sea less than 25 miles off Guam's coast. | | | | The Dow Jones industrial average closed 0.9% lower on Thursday, while the S&P 500 dropped 1.5% and the Nasdaq shed 2.1%. | | | | 2. Google cancels town hall: Google's diversity scandal took another awkward twist on Thursday when CEO Sundar Pichai canceled a scheduled all-hands staff meeting just moments before it was set to begin. | | | | The town hall meeting was meant to address concerns over a controversial essay published by a former employee. | | | | Pichai said that questions from employees had been leaked and that, in some cases, specific employees' identities were revealed, exposing them to harassment and threats. | | | | 3. Snap troubles: Shares in Snap fell sharply in extended trading after it reported a steep loss, disappointing sales and weak user growth. | | | | Losses at the Snapchat parent ballooned to $443 million in the second quarter, a nearly fourfold increase from the same period last year. | | | | The messaging service added just 7 million new daily active users in the quarter, falling short of estimates. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 4. Stock market movers -- Nvidia: Shares in Nvidia plunged 7% in extended trading despite releasing a strong earnings report that topped Wall Street's forecasts. The stock is up 54% so far this year. | | | | 5. Earnings and economics: J. C. Penney is scheduled to release its earnings before the open Friday. | | | | The Bureau of Labor Statistics will publish its July inflation report at 8:30 a.m. ET. | | | | Download CNN MoneyStream for up-to-the-minute market data and news | | | | | | | |
| | | | | | | Friday -- U.S. inflation report; J. C. Penney | | | | | | | |
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