Trump worries hit stocks; Laptop ban in focus; Target earnings

1. Seeing red: Global stock markets are waking up to rising political risk in Washington. Many international indexes were lower and U.S. stock futures were heading south. The U.S. dollar weakened against other major currencies.
CNNMoney: Before The Bell
 Advertisement
Where U.S. stocks are heading
Dow Futures   Nasdaq Futures   S&P Futures
-98.00   -21.50   -11.75
-0.47%   -0.38%   -0.49%
 
World Markets
Japan   China   U.K.
Nikkei 225   Shanghai Composite   FTSE 100
-104.94   -8.52   -2.78
19,814.88   3,104.44   7,519.25
-0.53%   -0.27%   -0.04%
 
Key Stats Latest Today's Change
Oil $48.55 -0.11 / -0.23%
Gold $1,245.60 +9.20 / +0.74%
10-yr 2.33% -0.01 / -0.38%
Euro $1.11 +0.00 / +0.15%
 
 
News: What you need to know about the markets
 
 
Trump worries hit stocks; Laptop ban in focus; Target earnings
By Alanna Petroff
Wednesday, May 17th, 5:29am
 
1. Seeing red: Global stock markets are waking up to rising political risk in Washington.
 
Many international indexes were lower and U.S. stock futures were heading south. The U.S. dollar weakened against other major currencies.
 
The moves followed news that President Trump asked former FBI Director James Comey to end an investigation into former national security adviser Michael Flynn.
 
The stunning reports — denied by the White House — deepened the political turmoil engulfing Trump’s White House and intensified concerns among investors about the president’s ability to push through his big economic plans.
 
“The inflammable allegations have spooked both currency and equity markets,” said Stephen Innes, a senior trader at online broker Oanda. “Foreign exchange dealers are in flat out sell-the-dollar mode.”
 
Both the S&P 500 and Nasdaq hit record highs on Tuesday, extending a major rally that took hold following Trump’s election in November. Despite the current wobble, Trump’s presidency has been a boon for U.S. stocks.
 
Before the Bell newsletter: Key market news. In your inbox. Subscribe now!
 
2. Laptop ban in focus: Top European and U.S. officials will discuss aviation security on Wednesday. The U.S. is considering an expansion of the U.S. laptop ban to include flights from Europe.
 
The laptop ban bars passengers from bringing electronic devices into the cabin if they’re larger than a smartphone.
 
Expanding the ban could disrupt the global aviation industry and slam U.S. tourism. There are more than 350 flights a day from Europe to the U.S.
 
U.S. carriers Delta Air Lines, United Airlines and American Airlines operate the largest number of flights between Europe and the U.S.
 
3. Market movers: Shares in Colgate-Palmolive were rising premarket after a media report suggested the firm’s CEO is considering a possible sale.
 
Quarterly results could mean big moves for retailers Target and American Eagle. They’re both releasing earnings before the open.
 
Cisco Systems and Victoria’s Secret owner L Brands will announce earnings after the close.
 
Gold prices increased by about 0.6% to trade around $1,245 per ounce as investors put their money in safe-haven assets.
 
The weekly U.S. crude inventory report will be released at 10:30 a.m. ET.
 
Download CNN MoneyStream for up-to-the-minute market data and news
 
4. Developers unite!: Google is hosting an annual developer conference on Wednesday.
 
CEO Sundar Pichai and other executives will take the stage in Mountain View, California to announce the company’s latest hardware and software news.
 
 
Coming this week:
 
 
Wednesday Target, American Eagle earnings; U.S. crude oil inventory report
Thursday Alibaba, Walmart and Gap earnings
Friday — Foot Locker earnings
 
 
 
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
Sign up for
Quest Means Business
newsletter
  Sign up for
Reliable Sources
newsletter
CNNMoney Investing App
 
Tips, thoughts or questions are always welcome at
BeforeTheBellFeedback@cnn.com.
 
® © 2017 Cable News Network Inc.
A Time Warner Company. All Rights Reserved.
You are receiving this message because you subscribed to
CNNMoney’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

 
                                                 
This email was sent to wealthcycles2013.mail05@blogger.com
why did I get this?    unsubscribe from this list    update subscription preferences
Cable News Network, Inc. · Attention: Privacy Policy Coordinator · One CNN Center, 13 North · Atlanta, GA 30303 · USA

@media only screen and (max-width: 480px){ table#canspamBar td{font-size:14px !important;} table#canspamBar td a{display:block !important; margin-top:10px !important;} }

This entry was posted in Uncategorized by news. Bookmark the permalink.