Morning Brief: Talks to avert shutdown case over apprehension policies

Monday, Feb 11, 2019

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WHAT TO WATCH

Several events with market-moving intensity will take place this week.

As a Mar 1 trade understanding deadline nears, a U.S. and China continue to work towards a resolution. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer will be roving to China for some-more trade-related talks.

Earnings deteriorate will continue with 60 SP 500 companies gearing adult to news this week. Coca-Cola (KO), Pepsi (PEP), Cisco (CSCO), Activision Blizzard (ATVI) and Under Armour (UAA) are some of a biggest names stating this week.

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TOP NEWS

CALEXICO, CALIFORNIA - JANUARY 25: A extent unit representative keeps watch along a U.S.-Mexico extent on Jan 25, 2019 nearby Calexico, California. The U.S. supervision has been partially close down as President Donald Trump battles association for $5.7 billion in appropriation to solve extent confidence issues including building walls along a border. Today President Trump concluded to finish a shutdown. (Photo by Scott Olson/Getty Images)CALEXICO, CALIFORNIA - JANUARY 25: A extent unit representative keeps watch along a U.S.-Mexico extent on Jan 25, 2019 nearby Calexico, California. The U.S. supervision has been partially close down as President Donald Trump battles association for $5.7 billion in appropriation to solve extent confidence issues including building walls along a border. Today President Trump concluded to finish a shutdown. (Photo by Scott Olson/Getty Images)

Talks to avert shutdown case over apprehension policies: Bargainers clashed Sunday over either to extent a series of migrants authorities can detain, tossing a new jump before negotiators anticipating to strike a extent confidence concede for Congress to pass this entrance week. The White House wouldn’t order out a renewed prejudiced supervision shutdown if an agreement isn’t reached. [Associated Press]

Daniel Loeb’s Third Point exits Alibaba, Microsoft, and Netflix: Activist financier Daniel S. Loeb’s sidestep account $17 billion Third Point LLC exited a positions in Alibaba (BABA), Microsoft (MSFT), and Netflix (NFLX) during a fourth quarter, according to a fund’s latest 13-f filing. During a quarter, Third Point sole a 1.25 million shares of Netflix, 4.1 million shares of Microsoft, and 4.045 million shares of Chinese e-commerce hulk Alibaba. [Yahoo Finance]

Brexit helped punch a hole in UK mercantile growth: UK mercantile expansion slowed in a fourth entertain final year amid intrusion to sell and industrial sectors borne from Brexit associated and tellurian slack fears, and a anniversary outcome of Black Friday on retailers. The UK economy grew only 0.2% in a 3 months to Dec contra ubiquitous accord that mercantile expansion would be during only 0.3% quarter-on-quarter and 1.4% year-on-year. [Yahoo Finance UK]

Apple iPhone shipments dive in China: Apple Inc.’s Chinese smartphone shipments plummeted an estimated 20% in 2018’s final quarter, underscoring a scale of a iPhone maker’s shelter in a world’s largest mobile device locus opposite internal rivals like Huawei Technologies Co. The domestic marketplace engaged 9.7% in a quarter, though Apple declined during about twice that pace, investigate organisation IDC pronounced in a news on Monday. [Bloomberg]

Euronext tries to kick Nasdaq with lifted bid for Oslo Bors: Euronext NV stepped adult a behest fight with Nasdaq Inc., phenomenon a aloft offer for Oslo Bors that values Norway’s categorical batch sell during about $790 million. [Bloomberg]

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