Written by Gary
US major stock indexes down fractionally (SPY -0.1%). Stocks making the biggest moves in the premarket: Halliburton, Chevron, eBay, and Delta.
Here is the current market situation from CNN Money | |
European markets are mixed. The DAX is higher by 0.38%, while the FTSE 100 is leading the CAC 40 lower. They are down 0.57% and 0.13% respectively. |
What Is Moving the Markets
Here are the headlines moving the markets. | |
British pharma firm claims small trial on a coronavirus treatment could signal ‘major breakthrough’British pharmaceutical company Synairgen claims its new respiratory coronavirus treatment has reduced the number of hospitalized Covid-19 patients needing intensive care. | |
Intel’s Mobileye and Ford sign deal on next-generation driving technologyFord is partnering with Mobileye, an auto tech subsidiary of Intel, for its next generation of advanced driving and safety features across the automaker’s global product lineup. | |
‘We need to close down’ ” Florida reports more than 10,000 new virus cases for fifth dayOver the past seven days, the median age of newly infected people in Florida was above 40, according to the state’s health department. | |
Coronavirus live updates: Trump calls Fauci ‘a little bit of an alarmist,’ UK firm claims treatment ‘breakthrough’The coronavirus has infected more than 14.5 million people around the world as of Monday, killing at least 606,200 people. | |
What to expect from the world’s top attractions in the age of coronavirusFamous destinations around the world are reopening. Here’s what it’s like to visit some of the top attractions in New York, London, Dubai, India and Italy. | |
5 things to know before the stock market opens MondayU.S. stock futures pointed to a decline at Monday’s open after the Dow added 2.3% last week. | |
A risky bet by America’s mall owners: Plucking retailers out of bankruptcy to salvage a pandemic-hit industryAmerica’s mall owners are coming to the rescue during the coronavirus pandemic to salvage bankrupt retailers. Will it work? | |
These restaurant chains filed for bankruptcy during the pandemicAs the coronavirus pandemic upends the restaurant industry, some chains that were already struggling financially have been pushed into bankruptcy. | |
Fauci holds up New York as model for fighting coronavirus ” ‘They did it correctly’National Institute of Allergy and Infectious Diseases Director Anthony Fauci on Friday praised New York for its handling of the coronavirus pandemic, saying the state did it “correctly.” | |
College town businesses face uncertain months ahead as hopes hinge on school reopening plansRites of passage synonymous with fall in college towns across the U.S. like move-in or football games are no longer certain experiences because of the pandemic, and small businesses in these towns are left wondering how deeply they’ll be impacted. | |
With wave of mask requirements, Walmart and other retailers face challenge: How to enforce the rulesRetailers will take different approaches to enforce the new policies, from stationing an employee by the door to providing complimentary masks. | |
San Francisco mayor pauses reopening indefinitely as coronavirus cases climbSan Francisco Mayor London Breed announced Friday that the city will pause its reopening plan “indefinitely” and will close indoor malls and non-essential offices as the coronavirus continues to spread throughout the state. | |
Ohio heading in the wrong direction and ‘could become Florida’ as coronavirus surges, governor warnsOhio Republican Gov. Mike DeWine said Sunday that while his administration has stopped short of issuing a statewide mask ordinance, he says he’s not ruling out implementing that step as coronavirus cases continue to surge in the state. | |
Silver Hits $20 For The First Time Since 2016… And Why It Will Go Much HigherSilver Hits $20 For The First Time Since 2016… And Why It Will Go Much Higher Tyler Durden Mon, 07/20/2020 – 08:32 For the first time since September 2016, Silver futures just broke above $20… | |
One Hedge Fund Manager’s Lesson On When To Take ProfitsOne Hedge Fund Manager’s Lesson On When To Take Profits Tyler Durden Mon, 07/20/2020 – 08:20 Authored by Eric Peters, CIO of One River Asset Management, who has written the following anecdote about learning to take a profit, a lesson learned in 1992. | |
Gunman Kills Son Of Federal Judge Recently Assigned To Epstein CaseGunman Kills Son Of Federal Judge Recently Assigned To Epstein Case Tyler Durden Mon, 07/20/2020 – 08:01 When we first spotted headlines about a lone gunman’s lethal assault on the home of a federal judge in New Jersey, we feared this was just another example of how criminals have been emboldened by the nationwide backlash against law enforcement embodied by the ‘defund the police’ movement. But that was before we learned that the judge targeted in the attack – Newark-based US federal judge Esther Salas – had been assigned to the Deutsche Bank/Epstein case just four days before the attack. | |
Futures Reverse Losses, Euro Jumps To 4 Month High On Hopes Of EU Rescue Package DealFutures Reverse Losses, Euro Jumps To 4 Month High On Hopes Of EU Rescue Package Deal Tyler Durden Mon, 07/20/2020 – 07:52 S&P500 futures pared earlier losses, as European stocks gained and European bond spreads narrowed while the euro strengthened to a four-month high as leaders reportedly made progress in negotiating a historic stimulus package that was still missing after three days of tense, deadlocked weekend negotiations. | |
Marks & Spencer set to cut 950 jobsThe retailer says that the move is part of a plan to reduce store management and head office roles. | |
Coronavirus: ‘We’ve spent £10,000 on invalid insurance’A test case will rule whether many businesses should get payouts for damage caused by the pandemic. | |
TikTok: We are not ‘under the thumb’ of ChinaA senior company official tells the BBC the video-sharing app would never give user data to the government. | |
How the biggest deal ever in Infy’s history changes the gameHow the biggest deal ever in Infy’s history changes the gameThe multi-year deal Infosys won from US investment firm Vanguard is worth $1.5 billion, say sources close to the development. Infosys said around 1,300 Vanguard roles supporting the full-service record-keeping client administration, operations, and technology functions will transition to Infosys. | |
Airtel sets out on a road sans Chinese gearsAirtel sets out on a road sans Chinese gearsBharti Airtel recently renegotiated its 4G network deal with Finland’s Nokia in nine circles to supply equipment until 2022. With the likely new deal, Ericsson could be supplying gear in eight circles, Huawei in two and ZTE will be at three. | |
Talk of realty FDI revamp sets tongues waggingTalk of realty FDI revamp sets tongues waggingIndia currently allows 100% FDI through the automatic route in construction-development projects ” townships, residential and commercial buildings, roads, bridges, hotels, resorts, hospitals, educational institutions, recreational facilities and city and regional-level infrastructure. India, however, prohibits FDI in the real estate business or construction of farm houses. | |
Metals Stocks: Gold buoyed as rising coronavirus cases boost expectations for additional stimulusGold finds support as COVID-19 cases continue to rise around the world and in the U.S., building expectations for additional stimulus efforts. | |
London Markets: AstraZeneca rallies while GlaxoSmithKline eases as FTSE 100 slipsThe two heavyweight pharmaceuticals went in opposite directions on Monday. | |
Bond Report: Treasury yields recede as investors eye U.S., EU stimulus prospectsU.S. Treasury yields edge lower on Monday as investors track developments around fiscal stimulus packages by U.S. and European Union leaders. |
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