1. Daimler and Geely team up: Daimler has teamed up with Geely to transform its Smart brand into an electric carmaker focused on China's vast market. Under the agreement announced Thursday, the next generation of Smart cars will be assembled at a plant in China with sales starting in 2022.
|
 |
| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +31.00 | | +7.50 | | +3.00 | | +0.12% | | +0.10% | | +0.11% | | | |
| |
| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -344.97 | | -27.78 | | +58.99 | | 21,033.76 | | 2,994.94 | | 7,253.18 | | -1.61% | | -0.92% | | +0.82% | | | |
| |
| Biggest Winners | | VF Corp | +1.10% | | | | Advanced Micro Devices Inc | +0.64% | | | | AT&T Inc | +0.54% | | | | Twitter Inc | +0.53% | | | Biggest Losers | | Carnival Corp | -1.40% | | | | Perrigo Company PLC | -0.69% | | | | Western Digital Corp | -0.40% | | | | Allergan plc | -0.39% | | | | | | | | |
| |
| |
| |
| News: What you need to know about the markets | | | | | | | Daimler and Geely team up; Brexit deadlock; Bayer damages | | By Ivana Kottasová, CNN Business | | | | 1. Daimler and Geely team up: Daimler has teamed up with Geely to transform its Smart brand into an electric carmaker focused on China's vast market. | | | | Under the agreement announced Thursday, the next generation of Smart cars will be assembled at a plant in China with sales starting in 2022. | | | | Prior to that, Daimler will continue to produce Smart cars at plants in France and Slovenia. | | | | "Our smallest vehicle still has huge potential — in China and beyond. Geely is the right partner to take advantage of these opportunities," Daimle CEO Dieter Zetsche wrote in a blog post. | | | | Geely and Daimler will each own 50% of the global joint venture. The financial terms of the deal were not disclosed. Daimler said no jobs would be lost as a result of the agreement. | | | | 2. Brexit deadlock: The United Kingdom continues to march towards Brexit without a viable exit plan. | | | | UK lawmakers considered eight alternatives to the government's Brexit plan on Wednesday and rejected each of them. Attempts to reach a consensus in parliament will continue Monday. | | | | The only plan that came close to a majority was a proposal that Britain would remain within a permanent customs union with the European Union. It was rejected by eight votes — 272 votes to 264. | | | | Prime Minister Theresa May is continuing to push for her plan, which lawmakers have already rejected twice. She's now offered to resign in exchange for support for the deal. | | | | 3. Bayer damages: A federal jury has awarded $80 million to a California man after determining that the popular Monsanto weedkiller, Roundup, was a substantial factor in causing his cancer. | | | | Bayer, which acquired Monsanto last year, said it would appeal the verdict. The case is the first to be tried in federal court. About 11,000 similar cases are pending at the federal or state level. | | | | Shares in Bayer, which dropped 10% after the initial verdict last week, dipped a further 1.6% Thursday in Frankfurt. | | | | 4. Lyft going public: Ride-hailing firm Lyft is driving towards its debut listing on the Nasdaq on Friday. | | | | The company raised its pricing target to $70 to $72 per share on Wednesday, valuing the company at more than $23 billion. Lyft initially predicted a range of between $62 and $68 a share. | | | | Lyft's debut on the stock exchange is the first of a number of big tech IPOs expected this year. The company expects to raise as much as $2.4 billion through the sale of stock. | | | | 5. Global market overview: US stock futures were flat. | | | | European markets opened mostly higher. Stocks in Asia finished the session mixed. | | | | The Dow Jones industrial average closed 0.1% lower on Wednesday. The S&P 500 dropped 0.5% and the Nasdaq shed 0.6%. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 6. Companies and economics: Shares in Swedbank dropped 3.7% after the Swedish bank fired its CEO amid a widening money-laundering probe. | | | | The final estimate of US fourth quarter GDP will be released at 8:30 a.m. ET. | | | | | | | |
| | | | | | Thursday — US final estimate Q4 GDP
Friday — Huawei earnings; Carmax earnings | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $59.17 | -0.24 / -0.40% | | | Gold | $1,306.50 | -3.90 / -0.30% | | | 10-yr | 2.37% | -0.04 | | | Euro | $1.13 | +0.00 / +0.01% | | | |
| |
Hi, let us know what you
think of this newsletter! | | | Tell us what you want to read more of... and less of.
Email your tips and feedback to BeforeTheBellFeedback@cnn.com | | |
| |
| |
| | Tips, thoughts or questions are always welcome at
BeforeTheBellFeedback@cnn.com. | | | ® © 2019 Cable News Network Inc.
A WarnerMedia Company. All Rights Reserved.
You are receiving this message because you subscribed to
CNN Business's "Before The Bell" newsletter.
Our Mailing address is:
Cable News Network, Inc.
Attention: Privacy Policy Coordinator
One CNN Center, 13 North
Atlanta, GA 30303 | | | | |
No comments:
Post a Comment