27Jun2019 Pre-Market Commentary: Wall Street Set To Open Higher, DOW Down 15 Points, SP 500 Up 0.2%, Bitcoin Fell 12%, Now 11,600

Here is the current market situation from CNN Money

European markets are mixed. The DAX is higher by 0.15%, while the FTSE 100 is leading the CAC 40 lower. They are down 0.28% and 0.25% respectively.

Oil slips below $66 ahead of G20, OPEC meeting

Oil fell below $66 a barrel on Thursday, weighed down by concerns over whether the G20 summit will produce a breakthrough on trade and perceptions that supply is ample despite prospects for continued OPEC curbs.

Uber targets expansion in fast-growing West African markets

Global ride-hailing firm Uber Technologies Inc is in talks with regulators over plans to expand into two West African countries and provide a boat service in Nigerian megacity Lagos, a company executive said on Thursday.

Airlines urge regulators to work together to return 737 MAX to service

Global airlines on Thursday urged regulators to coordinate on technical requirements and timelines for the safe re-entry to service of the Boeing Co 737 MAX aircraft, which was grounded in March after two fatal accidents.

Futures edge higher on trade truce hopes

U.S. equity futures edged higher on Thursday following a report that the United States and China had agreed to a tentative truce in their trade dispute before a G20 summit this weekend, but gains were tempered by Boeing shares after more 737 MAX woes.

Huawei shrugs off Verizon patent talks as ‘common’ business

Huawei pegged its patent talks with U.S. carrier Verizon as “common” business activity and said such negotiations should not be politicized, days after a senator filed legislation to prevent the Chinese firm from seeking damages in U.S. courts.

Ford to cut 12,000 jobs in Europe by end of 2020

Ford said it will have cut 12,000 jobs in Europe by the end of next year to try to return the business to profit, part of a wave of cost reductions in an auto industry facing stagnant demand and record-level investments to build low emission cars.

China urges U.S. to lift sanctions on Huawei as Trump-Xi meeting looms

The United States should immediately remove sanctions on Chinese telecoms equipment maker Huawei, a commerce ministry spokesman said on Thursday, days before the two countries’ leaders are due to meet for talks on trade.

Singapore Airlines, Malaysia Airlines to explore wide-ranging partnership

Singapore Airlines and Malaysia Airlines have signed a preliminary agreement to explore a wide-ranging strategic partnership that could include more codeshares as well as cargo and aircraft maintenance, the companies said on Thursday.

Vivendi’s shares fall as concerns mount of hitches to UMG stake sale

Vivendi’s shares fell on Thursday, which traders attributed to a media report of a possible hitches to its planned sale of a stake in its Universal Music Group division.

Q1 GDP Revised Lower As Personal Spending Tumbles

After sizzling ever higher for the first two readings of Q1 GDP, the 2nd and final (for now) revision of Q1 GDP came in a hair weaker than expected, dropping from 3.2% to 3.1% (3.08% to be precise), below the 3.2% consensus estimate, if still well above the 2.2% annualized GDP print in Q4 2018.

WSJ Slams Soros-Led ‘Patriotic Billionaires’ Tax-Hike Hypocrisy: “Start Writing Checks Today”

The Wall Street Journal Editorial Board has responded to a Monday open letter by “Nineteen uberwealthy Americans” spearheaded by George Soros, who called on 2020 presidential candidates to support a “moderate” wealth tax in order to make Billionaires ‘pay their fair share.’

Futures Tumble After Beijing Reveals Demands To Agree To Trade War “Truce”, Including Lift Of Huawei Ban

The big news overnight came from the South China Morning Post, which echoed what Bloomberg reported earlier this week, namely that the US and China have “tentatively” agreed to another truce in their trade war in order to resume talks aimed at resolving the dispute, with details of the agreement being laid out in press releases in advance of the meeting between Chinese President Xi Jinping and US President Donald Trump at the G-20 leaders summit in Osaka.

According to the report, such an agreement would avert the next round of tariffs on an additional $300 billion of Chinese imports, which if applied would extend punitive tariffs to virtually all the country’s shipments to the United States.

Citing a source, the SCMP reported that Xi’s price for holding the meeting in Osaka was that Trump delay additional tariffs, which of course is a risk: “The reality, though, is President Trump could always have a change of heart,” the source said. “But the truce cake seems to have been baked.”

A senior Trump administration official told POLITICO earlier this week that it is possible that tariffs could be delayed but cautioned that “nothing is certain. Absolutely nothing.” A Washington-based source familiar with the talks said that there were “ongoing attempts to coordinate press messaging”, but added that there was no specificity yet regarding decisions on tariffs or timing within that messaging.

But while the original SCMP report helped boost risk sentiment overnight, sending futures to session highs, a subsequent report by the

The Real Winner Of Last Night’s Democratic Debate

While it would appear that the mainstream media has crowned Senator Elizabeth Warren the winner of last night’s first Democratic primary debate, on a more quantitative and objective level, it would seem there was another female candidate that stood out to the American audience.

Sebi clamps down on MF-promoter pacts to protect investors

Sebi clamps down on MF-promoter pacts to protect investors Tyagi said mutual funds are not banks, as their main activity is investing, and not lending.

Faceless income tax assessment in the works

Faceless income tax assessment in the worksThe suggestion for jurisdiction-free, faceless assessment had first come from an internal task force of CBDT.

What India Inc got in NDA I, & what it didn’t

What India Inc got in NDA I, & what it didn’tThe first term of Modi government was a mixed bag for India Inc comprised of some surprises and reliefs.

Startups have these four key advantages over larger competitors

Once companies get big and become established, they face more headwinds.

Adaptive Biotechnologies IPO: Five things to know

Adaptive Biotechnologies Corp., a life-sciences research and clinical diagnostics company that says data from the immune system is the key to diagnosing and treating diseases, is planning to go public.

Economic Report: Chink in labor market armor? Jobless claims climb to 7-week high of 227,000

The number of people who applied for unemployment benefits in late June jumped to the highest level in almost two months, though so-called jobless claims continued to remain extremely low and reflect little sign of deterioration in the labor market. Initial jobless claims climbed by 10,000 to 227,000.