TOP MARKETS NEWS: Week 07/27 – 08/02

Weeeknd 08/01 & 08/02

Stimulus impasse threatens both economy and Trump – thehill
White House not optimistic on near-term stimulus deal – thehill
Negotiators report progress in COVID-19 aid talks in Congress – Marketwatch
Republicans want to replace extra $600 unemployment with 70% replacement wages — but that could take months – Marketwatch
Democrats Reject One-Week Extension Of $600 Unemployment Boost Amid Otherwise ‘Productive’ Talks – Zerohedge

 

 

 

Friday 07/31

Business Live – guardian
Stock market live updates: Nasdaq jumps 1%, Gold tops $2,000 for first time, Apple record high – cnbc

Shares Of China-Based Tesla Competitor Li Auto Surge In Nasdaq Trading Debut – Zerohedge
Stocks rise after Big Tech crushes earnings—Five pros on what the numbers mean – cnbc
Caterpillar North America Machine Sales Crash Most Since The Financial Crisis – Zerohedge
10-year Treasury yield plunged to its lowest in 234 years, says Deutsche Bank – Marketwatch
GOP and White House ‘do not understand the gravity of the situation’ – yahoomoney
US GDP Seen Rebounding 11.9% In Q3 By Atlanta Fed – Zerohedge
How strong is too strong? Euro’s 10% rally fans fears of side effects – Reuters
The $600 unemployment boost has ended. What’s next? – cnbc
$600-a-week unemployment benefits expire, posing fresh danger to Trump’s re-election – nbcnews
Amazon’s stock gets 27 price target increases from analysts, with 6 targets of at least $4,000 – Marketwatch
Chicago PMI Soars Back Into Expansion In July – Zerohedge
Exxon Misses Expectations and Says It Won’t Take on More Debt – barrons
Spain’s economy slumps 18.5% due to pandemic – Marketwatch
Eurozone: Worst GDP Contraction In History – Zerohedge
U.S. agrees to pay Sanofi and GSK $2.1 billion for 100 million doses of coronavirus vaccine – CNBC
L’Oreal shares open down after sales miss forecasts – Reuters
BNP Paribas beats profit forecasts on thriving investment bank – Reuters
French economy shrank by record 13.8% in second quarter, better than feared – Reuters
China’s factories accelerate recovery in July as demand perks up – Reuters
Apple just announced its 5th stock split in history. Here’s what that means — and how many shares you’d have if you bought one before its first split in 1987 – businessinsider

 

Thursday 07/30

Business Live – guardian
Germany Reports New Spike; H.K. Eases Dining Ban: Virus Update – Bloomberg

Facebook reports 11% revenue growth even amid pandemic slowdown – cnbc
Amazon reports record quarterly profit and 40% sales growth backed by strong COVID-related demand – businessinsider
Alphabet Q2 results show ad spending is still in a rut – Marketwatch
How Apple’s stock split will change the pecking order in the 124-year old Dow industrials – Marketwatch
Apple Soars Above $400 For First Time On Blockbuster Earnings; Announces 4 For 1 Stock Split – Zerohedge
Currencies & Stocks Fail to Escape GDP Sting – bk
“Markets Are Nearing Their Limits”: Futures Falls, European Markets Tumble After German GDP Crashes – Zerohedge
U.S. economy suffers titanic 32.9% plunge in 2nd quarter, GDP shows, and points to drawn-out recovery – Marketwatch
Stocks fall as Fed’s pledge relief rally fades – Reuters
P&G CFO: We will continue to grow as consumers ‘work to protect their health and improve hygiene’ – yf
Mastercard profit tops estimates as lower costs soften spending hit – Reuters
Comcast reports strong internet customer growth, 10 million sign-ups for Peacock – cnbc
Buy stock dips because the S&P 500 could ‘easily’ reach 3,500 next year, says Credit Suisse – Marketwatch
German GDP slumps by most since 1970 in the second quarter – Marketwatch
AstraZeneca vaccine trials underway, profit soars – Marketwatch
Total swings to loss on $8.1 billion impairments – Marketwatch
Shell avoids loss with strong trading, wipes $17 billion off assets – Reuters
Shell swings to loss on $16.8 billion impairment – Marketwatch
Renault Reports Record $8 Billion Loss – Bloomberg
Volkswagen to lower dividend after swing to loss – Marketwatch
INBEV:Glass half empty – bv
AB InBev hit by impairment against African unit – Marketwatch
Credit Suisse posts a 24% jump in second-quarter net profits and shakes up its investment-banking division – businessinsider
Huawei overtakes Samsung to be No. 1 smartphone player in the world thanks to China as overseas sales drop – cnbc
Credit Suisse announces changes amid earnings beat – Marketwatch
Airbus trims A350 output, quarterly loss worse than expected – Reuters
Airbus swings to loss on coronavirus hit – Marketwatch
Samsung profit surges on strong chip demand – Marketwatch

 

Wednesday 07/29

Business Live – guardian
Stocks making the biggest moves in the premarket: Boeing, GE, GM, Spotify, Eastman Kodak & more – cnbc

Dollar Extends Lower on FOMC, Are Investors Worried about GDP? – bk
Kodak executive chairman addresses jump in trading activity before government deal was announced – cnbc
Stock buybacks have totaled $5.3 trillion over the past decade — has that contributed to U.S. pandemic failures? – Marketwatch
Fed holds rates steady, says economic growth is ‘well below’ pre-pandemic level – cnbc
GE reports quarterly loss as coronavirus pandemic hits hard – Reuters
Shopify surges 12% after crushing 2nd-quarter revenue expectations (SHOP) – businessinsider
Santander posts unexpected loss on impairments – Marketwatch
Boeing slashes aircraft production plans, warns on new job cuts as coronavirus devastates travel – cnbc
Deutsche Bank swings to profit, lifts revenue view – Marketwatch
Britain signs supply deal for 60 million doses of Sanofi/GSK COVID-19 vaccine – Reuters
Sanofi lifts business EPS view as net income grows – Marketwatch
Rio Tinto lifts dividend despite lower profit – Marketwatch
Barclays profit plunges, books $4.8 billion charge – Marketwatch
BASF confirms results, but can’t provide outlook – Marketwatch
Gucci’s Sales Fell 34% in First Half – wsj

 

 

 

Tuesday 07/28

Gold eases from new $1,980 record as dollar lifts ahead of Fed meeting – business live – guardian
Stock market live updates: Stocks slip, Washington debates relief, Buffett buys more Bank of America – cnbc

AMD is set up for blockbuster second half, but it isn’t guaranteed – Marketwatch
AMD pops after it raises revenue forecast for the year – cnbc
Visa Profit Falls on Lower Payments Volume – wsj
FOMC Preview: The Fed Must Find Ways To “Out Dove” Market Expectations – Zerohedge
Fed Front-runs FOMC, Risk of Further Dollar Losses? – bk
How the $1,200 stimulus checks in the HEALS Act could differ from the first payments – cnbc
Pfizer rethinking U.S. expansion if drug pricing orders implemented – Reuters
Goldman Warns “Real Concerns Are Emerging” About The Dollar As Reserve Currency; Goes “All In” Gold – Zerohedge
Dry Bulk Shipping Rates Slashed In Half – Zerohedge
The Fed is extending its lending programs until the end of the year – cnbc
Pfizer’s stock surges after profit and revenue beats, raised guidance – Marketwatch
Kodak Soars After Government Loan To End China Medical Supply Chain Reliance – Zerohedge
Kodak’s stock nearly triples after report of $765 million government loan to help produce generic drugs – Marketwatch
3M profit misses as coronavirus crisis hammers sales – Reuters
Republicans unveil coronavirus plan, slash emergency unemployment benefit – Reuters
Spain jobless level hits 15.3% in second quarter – Marketwatch
LVMH shows good resilience in the first half of 2020 – globenewswire

 

Monday 07/27

Business Live – guardian
Stocks making the biggest moves in the premarket: Hasbro, Moderna, Albertsons, Biogen & more – cnbc
Here are Monday’s biggest analyst calls of the day: Amazon, Qualcomm, Apple, Biogen & more – cnbc

US Dollar Accelerates Slide, Here’s 3 Reasons Why – bk
GOP Reach Agreement On COVID-19 Relief; $600 Unemployment Boost Becomes 70% ‘Wage Replacement’; Pelosi Pops Fuse – Zerohedge
Republicans and Democrats both want another round of stimulus checks — but here’s where they disagree – Marketwatch
Senate Republicans Release $1 Trillion Stimulus Proposal. Here’s What’s In It. – barrons
Durables Goods Orders Jump In June But The “V” Is Missing – Zerohedge
5 things to know before the stock market opens Monday – cnbc
German business morale brightens, but second coronavirus wave threatens outlook – Reuters
Pfizer and BioNTech began late-stage human trial for coronavirus vaccine Monday – cnbc
Deodorant sales fall due to social distancing but locked down consumers send ice-cream sales soaring, says Unilever – Marketwatch
Key Events In The Coming Week: Peak Earnings, Fed And GDP – Zerohedge
Galp swings to net loss – Marketwatch
Fed meeting expected to leave U.S. bond-stock relationship out of whack – Reuters
Why Nothing Can Stop Gold: Deutsche Bank Projects Fed’s Balance Sheet Will Hit $20 Trillion In “Next Few Years” – Zerohedge
European stocks set to inch higher with U.S.-China tensions, China data in focus – cnbc
TSMC’s $35 Billion Rally Puts Taiwan Stock Index Above 1990 Peak – Bloomberg
Gold hits record high as U.S.-China ties worsen, Asia stocks helped by tech – Reuters
SAP profit and revenue rises despite pandemic – Marketwatch
3 Reasons Why Dollar Could Fall Further Next Week – bk