S&P Futures are extending their losses from yesterday this morning as a wave of selling pressure seen from Asia to Europe overnight. Markets will be paying attention to this morning’s reports on factor orders and job openings. After the bell yesterday GTLB & HQY released positive earnings reports. ZS also beat but lowered Q1 guidance. This morning, DLTR released weaker than expected eps report, DKS and CIEN are on deck this morning. While the U.S. & China’s economic data was slightly disappointing yesterday, markets remain in the red this morning, price action appears overblown. Bank of Canada is expected to announce a rate cut this morning. OPEC is said to be consider a delay to its October production hikes. In Europe, the major three indexes are lower. Oil prices have reversed course and are now trading higher.
Tag: Business
72-year old woman who was allegedly drugged by husband and raped by 72 men over a decade appears at trial
Man on trial for allegedly drugging his wife and then watching and filming her being raped. “For the first time, she will have to live through the rapes that she endured over 10 years,”
Venezuelan President Nicolas Maduro orders arrest of opposition candidate
Venezuelan President Nicolás Maduro has ordered police to arrest opposition presidential candidate Edmundo González as the socialist government continues to suppress its political enemies after a disputed election.
Islamic State claims responsibility for suicide bombing in Kabul that killed 6 civilians
The terrorist organization said the blast was in retaliation for the Taliban reopening a detention center at its high-security Bagram base.
‘Shroud of Turin 2’ is said to be Jesus’ head cloth
As debate rages over the scientific veracity of proving the Shroud of Turin is actually the burial cloth of Jesus Christ, another relic is drawing attention as the possible head cloth of Christ with an image that actually matches that on the famous Shroud.
VANESSA BATTAGLIA: RFK Jr endorsing Trump was a miracle
Jesus warned that families would become divided, and that only he who hates his life in this world will keep it eternally. But you never think it’s going to happen on live TV.
LIBBY EMMONS: The New York Times is actively trying to crush democracy
The outlet has been calling for the end of democratic process on the false premise that in some way this might save it.
X reveals Brazil Supreme Court judge de Moraes banned opposition politician from criticizing his abuse of power
“He can block this platform in Brazil, but he can’t stop the whole world from knowing his illegal, shameful & hypocritical deeds,” Musk wrote.
NewsWare’s Trade Talk: Tuesday, September 3 | NewsWare‘s Trade Talk
S&P Futures are displaying negative action ahead of the opening bell. The focus this morning will be on the ISM Manufacturing report due out after the opening bell. This afternoon ZS, GTLB, HQY & PD will be releasing earnings reports. Tomorrow morning, DLTR, DKS & CIEN are scheduled to report. Shares of Boeing are under pressure this morning due to a downgrade from a major broker. Democratic presidential nominee Kamala Harris on Monday opposed the sale of US Steel to Japan’s Nippon Steel. China launches probe into Candian imports and Beijing has also threatened Japan with severe economic retaliation if Japan further restricts sales and servicing of chipmaking equipment to Chinese firms. In Europe, the major three indexes are lower. Oil weakness continues with crude oil trading lower this morning by more than -1.5%.
Irish teacher jailed for third time after refusing to use students’ preferred pronouns
A judge in Ireland sent evangelical Christian teacher Enoch Burke to jail for the third time because he refused to comply with a court order that prevents him from trespassing at Wilson’s Hospital School, where he has protested gender ideology policies.