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here. | U.S. stock futures were higher this morning after the Dow managed to post another record closing high. | | Dow Jones Fut | | 24,504.80 | | Current: | 24,681.00 | | Change: | 35.00 | | Impl. Open: | 66.20 | | | S&P 500 Fut | | 2,664.11 | | Current: | 2,671.25 | | Change: | 2.25 | | Impl. Open: | 4.94 | | | NASDAQ 100 Fut | | 6,383.65 | | Current: | 6,424.50 | | Change: | 7.25 | | Impl. Open: | 9.60 | | | Russell 2000 Mini | | 1,516.12 | | Current: | 1,529.00 | | Change: | -0.10 | | Impl. Open: | 0.88 | | | Quotes as of 12/14/2017 8:47:27 AM ET |
U.S. stock futures were higher this morning after Wednesday's sell-off that took the Dow and Nasdaq off their best levels of the session and pushed the S&P 500 to a lower close. The Dow did manage to post another record closing high with its fifth straight gain. (CNBC)
Walt Disney (DIS) has agreed to acquire many parts of 21st Century Fox in a deal worth more than $52 billion in stock. The transaction gives Disney a wide range of assets including Nat Geo, Asian pay-TV operator Star TV, Fox's movie studios, stakes in Sky and Hulu, and regional sports networks. (CNBC)
It's a busy day for economic numbers , with three different reports to at 8:30 a.m. ET, including weekly initial jobless claims, November retail sales, and November import and export prices. (CNBC)
The Fed hiked interest rates for the third time in 2017 following its December meeting. Central bankers forecast three more rate increases in 2018. The Fed has raised rates two other times since 2006, once in December 2016 and the other time in December 2016. (CNBC) At her post-meeting news conference, Fed Chair Janet Yellen gave guarded commentary about crytocurrenices, which some say is one of the biggest financial bubbles of all time. Yellen said at bitcoin is "not a stable source of value" and is "a highly speculative asset." (CNBC) • Yellen says high stock market value does not mean it's overvalued (CNBC)
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Sen. John McCain has been hospitalized at Walter Reed Medical Center where he's being treated for "normal side effects of his ongoing cancer therapy." McCain, who missed votes on Monday and Tuesday, plans to return to work "as soon as possible," a statement said. (USA Today)
Russian President Vladimir Putin said today he will run for president in early 2018 as an independent candidate, breaking with the United Russia party. He did not expand on the reasons for running as an independent. (CNBC)
Fire lines have been established around nearly a third of one of the largest wildfires in California history, but danger remains. The National Weather Service extended warnings through Friday of extreme fire danger conditions throughout much of Southern California. (AP)
Instead of waiting two weeks between paychecks, Walmart (WMT) workers can now use an app to access a portion of wages for hours they have already worked. (NY Times)
T-Mobile (TMUS) is making a foray into television, announcing it is acquiring Layer3 TV. CEO John Legere says the company is going to "fix the pain points" of television "and bring real choice to consumers across the country." (CNBC)
Federal investigators are pursuing at least one criminal investigation into ride-hailing giant Uber, according to court documents. (NY Times)
Pier 1 Imports (PIR), a shadow of its former glory, was losing more than a quarter of its stock market value this morning. The retailer reported quarterly profit of 9 cents per share, 2 cents below estimates. Revenue did beat forecasts, but Pier 1 gave weaker than expected current quarter guidance. CEO Alasdair James said November sales momentum has been fading this month.
Teva Pharmaceutical (TEVA) will cut its workforce by more than a quarter, give up many of its manufacturing plants, and suspend its dividend on ordinary shares in a much-anticipated overhaul to help pay back its massive debt. The stock was up about 12 percent in premarket trading.
Nordson (NDSN) came in five cents above estimates, reporting adjusted quarterly profit of $1.38 per share, with revenue also beating forecasts. The industrial equipment manufacturer also forecast a sales increase of 30 to 34 percent for the first quarter of 2018.
Delta Air Lines (DAL) announced an order for 100 Airbus A321neo jets, with an option for 100 more. It's a deal seen as a major win for Europe's Airbus and a loss for U.S. rival Boeing (BA).
A one bedroom penthouse condo is for sale in Miami, and the seller will only accept the cryptocurrency bitcoin. It's the first property that's listed for sale where the seller only wants cryptocurrency, according to Redfin. (CNBC)
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 | News Associate | |  | Senior Producer | |
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