Wall Street eyes whether August slump continues
To view this email as a web page, go to the link below, or copy and paste it into your browser's address window. https://view.response.cnbc.com/?qs=cc34eb4505e9950559508872f48dd652db8bf79c2d9c9fcdefc66d559ba5e6bb63735d38abbcfbdd8c0f56bd1c9e0322e1972241ae6fab43b34ba7f185afc5ebCNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=cc34eb4505e9950559508872f48dd652db8bf79c2d9c9fcdefc66d559ba5e6bb63735d38abbcfbdd8c0f56bd1c9e0322e1972241ae6fab43b34ba7f185afc5eb here. https://click.response.cnbc.com/?qs=1e15b0e7d2153c17c98d3ce3d6045562fa0fb46eb307f4d4a70256a97ee199e1dac04d125a0f77ebcbdd36811d7322f7cefff11c990a04e4 https://click.response.cnbc.com/?qs=1e15b0e7d2153c17f32c417d13404ab7f4d517871ea9045d9cdcdff191d86d464725277ee8b11406eec1be0bbe43afd2246c89847f7da161 BY THE NUMBERS U.S. stock index futures seesawed and could extend a two-session losing streak for the major averages, deepening losses for August. The Dow and S&P 500 have posted weekly losses for two straight weeks, while the Nasdaq has a four-week losing streak. (CNBC)Investors won't be taking much direction from economic data or earnings during today's session. There are no economic numbers scheduled to be released today, no earnings reports of note are on today's schedule. (CNBC) * https://click.response.cnbc.com/?qs=1e15b0e7d2153c17eeaf51b694aeb959b7d24d1543931389bbe9514a25a78e92cefefd659fddfd7b46520cc3141fdc743ef45c5d2e694458 What Wall Street is watching this week: Trump, the Fed and the eclipse (CNBC)Amazon shares https://click.response.cnbc.com/?qs=1e15b0e7d2153c170cbf03f0d85e93cee09403d4cabadf4787bbff3c0389c5a644a0e542fb540e93127fc8ac70ecfb1063fd0bb68c94b5ae are doing something unique and could be flashing trouble for the consumer. Shares of e-retailer are falling in tandem with the S&P Retail ETF, the XRT, and one equity strategist says this raises a flag about the state of the U.S. consumer and consumer spending. (Trading Nation) https://click.response.cnbc.com/?qs=1e15b0e7d2153c1790ef79a08220b2dbad482d032e764461961769fd30293166b0ec174eafa3ee83b2af8a8ac45697e3cbb94b549de08f82 https://click.response.cnbc.com/?qs=1e15b0e7d2153c1761131e50fa05f66a43a1608e003b38d5f13e4388ac42b54fe07d1d6355e4ec53c4f98fd03514793b85c1f53364709ec7 https://click.response.cnbc.com/?qs=1e15b0e7d2153c17f588c981c8c40e8dbe68b75ba4b767ddbd4bc005ad34d969e62122fce992d30168ce18e99489892276f81b34fa145e92 IN THE NEWS TODAY President Trump plans to unveil https://click.response.cnbc.com/?qs=1e15b0e7d2153c17dd5d445baa276b5eeb1aac507ad0eb145dcf3c62e092d867292d9519d5ae136551b1b573318e200c172dcb9e18ecb0ba his new strategy for Afghanistan in an evening address to the nation today. He is expected to approve sending more troops to Afghanistan, deepening U.S. involvement in the region and indicating a more traditional approach to foreign policy than he promised on the campaign trail. (Politico) * https://click.response.cnbc.com/?qs=1e15b0e7d2153c175524191fe496bcf45c924826db0046ff681b198277da54ae2cec05a5b469bde582d1fe6baa566d7f1b80f5dbe8ed8557 U.S. may be dialing back North Korea tensions during military drills, by cutting troop numbers (CNBC)The U.S., Mexico, and Canada https://click.response.cnbc.com/?qs=1e15b0e7d2153c1734297a356fc817679fd4189372ee1d202f8a8f10a8dd23e1e4ee2fed5687663c7fcaa3f807888481df3d83036c32c378 completed the opening round of talks to renegotiate the North American Free Trade Agreement, but tensions over certain areas, including the automotive industry, signaled tough bargaining ahead. (WSJ)Search and rescue efforts are underway and https://click.response.cnbc.com/?qs=1e15b0e7d2153c176c5ea5fca9d2eae0840599a61ea2e3a3ff904fe792cca1cdc6b81354da76d4209ecb8e364079cdaa1d055fc35ae4b3b5 10 sailors were missing this morning after the USS John S. McCain collided with a merchant ship, the Navy reported. The ship, a guided-missile destroyer, was involved in the collision while on its way to Singapore for a routine port visit, the notice said. (CNBC)Americans with telescopes, cameras, and protective glasses https://click.response.cnbc.com/?qs=1e15b0e7d2153c17fd4fd68bf2fe6f24801dbfd906c5a8a3f8778c5dda314794b310d622f9dfeeaaa3205e9afa0244d729b371f921093c97 will stake out viewing spots along a narrow corridor from Oregon to South Carolina to watch the solar eclipse midday today in what is promised to be the most observed and photographed eclipse in history. (AP)Spanish authorities https://click.response.cnbc.com/?qs=1e15b0e7d2153c17f35044f05af7d789bac405fade409f4b119824137dc2e725097dc03874fe33c9517638365b956baa78c5134f51dbaf15 confirmed early this morning the identity of the driver of the deadly van attack in Barcelona, which killed 13 pedestrians and injured over 120 more. Authorities said that he is the last member of the 12-man Islamic extremist cell still at large.(AP)Uber https://click.response.cnbc.com/?qs=1e15b0e7d2153c17fedd333a3e1382139e132df8f8073312e5ace76a5b098b03a8bd1e739e2c854c29e364d96949206785c4976fca6c1a12 hiked its Hong Kong fees by up to 80 percent after a review of its business there, the embattled ridesharing company said, adding it was not having issues financing its operations in the Asian financial hub. (Reuters)Former General Electric chairman Jeff Immelt has become the front-runner candidate to become CEO of car-hailing company Uber, Recode reports, citing numerous sources with knowledge of the situation. (Recode)STOCKS TO WATCH Sempra Energy (SRE) announced a deal to buy power transmission company Oncor for $9.45 billion in cash. Under terms of the deal, Sempra will own about 60 percent or Oncor's holding company, Energy Future Holdings. Sempra beat out Berkshire Hathaway (BRKB), which had a $9 billion bid in place.Fiat Chrysler (FCAU) is drawing buyout interest from China's Great Wall Motor, according to an unnamed company official quoted by Reuters. Automotive News had reported last week that an unidentified "well-known Chinese automaker" had made an offer earlier this month.Goldman Sachs (GS) received approval for a license to trade equities in Saudi Arabia. The Saudi government had eased restrictions last year on foreign ownership in its stock market.Novartis (NVS) has begun clinical trials of an experimental drug that could be the first new malaria drug in many years.Starbucks (SBUX) got a positive mention in this weekend's Barron's, which noted that the coffee chain's mobile order-and-pay feature has become extremely popular with customers and that the stock is at one of its cheapest valuations in years.WATERCOOLER Many (organized) people planned their solar eclipse day a year ago, or longer.But if you're not one of them, don't worry, https://click.response.cnbc.com/?qs=1e15b0e7d2153c178c6d09fcbdf5647bab20ab92e4f5d0d6fea78fb0cbb02ed9e37b4257fcb7bdd6a748217888a01d9ef6db55f82c67be84 here's what you need . (USA Today). 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