Strong Monday rally seen continuing at open on Wall Street
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=a912bb7ab26c388b246cd0f589fb8795dde5de502b584aceb9b34f94981d064175b1beaeaf6cf3641df67853e1bb00b61959af3e47fd17d84ab081ca0bd69851CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=a912bb7ab26c388b246cd0f589fb8795dde5de502b584aceb9b34f94981d064175b1beaeaf6cf3641df67853e1bb00b61959af3e47fd17d84ab081ca0bd69851 here. https://click.response.cnbc.com/?qs=c89e1a503c19a0a04186b0b826e0c58080e8084b6163ffee4eac0435e836cc879b359959ee350347b06049568c0ef2a739e721a317bf3437 Dow Jones Fut Close:22057.37 Current Future:22068.0 Future Change:51.00 Implied Open:59.63 S&P 500 Fut Close:2488.11 Current Future:2489.5 Future Change:3.75 Implied Open:3.89 NASDAQ 100 Fut Close:5980.52 Current Future:6002.0 Future Change:11.25 Implied Open:15.98 Russell 2000 Mini Close:1414.83 Current Future:1417.7 Future Change:1.80 Implied Open:3.12 Quotes as of 9/12/2017 7:23:35 AM ET BY THE NUMBERS U.S. stock futures https://click.response.cnbc.com/?qs=c89e1a503c19a0a0b3e7efec67be039f40f011ec67ab8b75eca52fe19c31960a9664c0aae15aff2f7842e5377938a7f2926d364c6812f916 are pointing to an extension of the strong Monday rally that turned September from negative to positive for the major averages. Monday marked only the second time all year that the Dow, S&P 500 and Nasdaq all finished up one percent or more on the same day. (CNBC) * https://click.response.cnbc.com/?qs=c89e1a503c19a0a006cffc07e6e8f14d2a448c74645c26cfea848a3d57d7519b648b567a48b3048ece5ce8b58d10f29d06d405572611d85b Out of the 5 most expensive stocks in the S&P 500, one could be a buy (CNBC Trading Nation) * https://click.response.cnbc.com/?qs=c89e1a503c19a0a06fb60275b1381d8c2cd949e86834e2b7a1095955c56217128ebd970d6a8785ba8e950a2b7512a1388cd3ebc88f14b512 Goldman says so many investors are expecting a market correction that means it likely won't happen (CNBC)Apple (AAPL) shares were higher this morning in premarket trading before it holds its long-anticipated product launch event today beginning at 1 p.m. ET, at which new versions of the iPhone are widely expected to be unveiled. (CNBC) * https://click.response.cnbc.com/?qs=c89e1a503c19a0a08925dbae82429d5caafe00e454ea6a3335a52209b0cf0a916ce752f4c4762fa1fa00422eb0c32e400b3f6c208ec0b0e0 Here's what Wall Street expects out of the Apple iPhone event (CNBC) https://click.response.cnbc.com/?qs=c89e1a503c19a0a09624a03e7e4682c34fee92badbdfb572dfcdc21d21f78e0c827e75743d5cd45cdd37c0213005cc6edbaebd070400f909 CNBC-Institutional Investor's Delivering Alpha event takes place today, with presentations set to begin at 8:10 a.m. ET. It features appearances by Treasury Secretary Steven Mnuchin, Avenue Capital CEO Marc Lasry, Omega Advisors Chairman Leon Cooperman, Bridgewater Associates Found Ray Dalio, Blackstone CEO Steve Schwarzman, DowDupont CEO Edward Breen, Kynikos Associates Managing Partner Jim Chanos, and JPMorgan Chase CEO Jamie Dimon, among others. (CNBC) * https://click.response.cnbc.com/?qs=c89e1a503c19a0a0a1a978896a525bd1a214ab19e57aa48582008faec5ee4a3aea4aef91d9342c6e2e7cdb4d68150e67e9262eaf8a221015 Buy Amazon, short Valeant among the top picks out of last year's Delivering Alpha (CNBC) https://click.response.cnbc.com/?qs=c89e1a503c19a0a089ed875099ed6e868a8297cd515f1a6d3ccd66e3829d50462f9daa18e9e07cefc02ed860b1b30312edbe6f0d16cc7e6d https://click.response.cnbc.com/?qs=c89e1a503c19a0a06a98a4d57ad82f637b5790c370930b6cf7ad238c5e3e13917a33af8884d438377f7868aa62d32898b5aa5eb0ec9561d8 https://click.response.cnbc.com/?qs=c89e1a503c19a0a0b45b7a12a734e5472ea1ed41b6211fce5e8a98d457514fe61c109d102e354007e072c2471d309169a039f9131f543e8f HURRICANE IRMA Irma https://click.response.cnbc.com/?qs=c89e1a503c19a0a0fe3831311d6ba628cbc63da50c91fce62311c8d4d865f8693d8097ec78e94d954102688a87280af8cfd024795c16dc4e weakened to a tropical depression late Monday as officials slowly pieced together the scope of the storm's destructive path across the peninsula. Six deaths in Florida have been blamed on Irma, along with three in Georgia and one in South Carolina. At least 35 people were killed in the Caribbean. (USA Today) * https://click.response.cnbc.com/?qs=c89e1a503c19a0a0bfd82ed7828ac7d466e59e55cae1ce5744080d89e0bc524353d7d4dc953b93b5fc6c695932172a423c692dbf0a6c6f32 Hurricane Jose looping in the Bermuda Triangle (Weather Channel)Parts of the storm-ravaged Florida Keys https://click.response.cnbc.com/?qs=c89e1a503c19a0a0f12cc1b06a682b443c21456110d34bc804903a18a258c0b6cfae45031ee722b17d3644738894a58535912a84681b4b7c will allow residents to return this morning to survey damage from Hurricane Irma, which devastated the state with high winds and storm surges that destroyed homes and left millions without power. (Reuters) * https://click.response.cnbc.com/?qs=c89e1a503c19a0a0ad29b7357994089704d664d8f1675525bc272e477b900dc028e567416588877328b0bed1f1e0cc7a61000d413abb677f With 7.4 million without power, utility workers get respect (Reuters) * https://click.response.cnbc.com/?qs=c89e1a503c19a0a07e9a6807f017f31317564e6b604e39324140f7680ff9f137407bbd9a25637e2dfd92611f2411e9ce7a902f172132e70c Disney World, Universal to reopen today after Irma (ABC News) * https://click.response.cnbc.com/?qs=c89e1a503c19a0a0fe42239078667b8b4556894ca6fdaf0511bdb4a07fb577667cf0ffce9fc0b793ca7fadf2f341ca6dc6ab7dfa22d7c666 Port Tampa Bay to reopen today to fuel tankers (Tampa Patch)Financial institutions with exposure to U.S. properties hit by hurricanes Harvey and Irma https://click.response.cnbc.com/?qs=c89e1a503c19a0a021bb87216f21eb9dd1faf32b7b991083d7cef3daaf15ecebe2f4dacacba2e8dc822d458ef35a19b723421727c7537c95 are tempering their loss estimates. Late last week, reports that the vast majority of homeowners hit by Harvey had no flood insurance stoked fears about a wave of foreclosures and substantial losses for heavily exposed banks. * https://click.response.cnbc.com/?qs=c89e1a503c19a0a04066a3957dbff02cbd49d7ebfbef61131f513c32b50a1c948522f12c7428682c5260208becddfd2b62161a2a470a6dd2 When Irma turned west 'you could hear a sigh of relief,' Florida insurer says (CNBC) * https://click.response.cnbc.com/?qs=c89e1a503c19a0a080691cd0ac595e0e3db3d48c388508a5616a6c448ff58cb907323c32439d8fbce1f5ff8e35b54ca11df1a80112d00943 Here are some of the records Hurricane Irma set (CNBC) https://click.response.cnbc.com/?qs=c89e1a503c19a0a0477100082cd018f50591ea598a9b91a08d4430d2f0f04ebbecce05b1d15b8fd15ade92d269d9e653b289b2a45ea819b0 Florida's agriculture industry took a big hit from Hurricane Irma , with early estimates showing up to 30 percent of some major crops had losses. There are no official reports of damage totals but the value of Florida's citrus last year exceeded $1 billion and sugar cane topped $561 million. (CNBC)IN THE NEWS TODAY A new plan to repeal and replace major parts of Obamacare https://click.response.cnbc.com/?qs=c89e1a503c19a0a0330b23f0db05bccc014d5771e6731cee4e5790740312626a34aba5f2a4e71c3a69dda2b6304d0627e484951bc3c81b8a is set to be unveiled by two Republican senators . NBC News reports that it had obtained a 23-page summary draft of the bill to be proposed by Lindsey Graham of South Carolina and Bill Cassidy of Louisiana. (NBC News)Senate leaders are https://click.response.cnbc.com/?qs=c89e1a503c19a0a0a51120a32ebc983ac09cd2e13246f6a839a58493433326559d38afb6276ab56aefce138ee7d569bd04de9ce3a35ecdc6 scrambling to come up with a budget deal to clear the way for tax reform. Majority Leader Mitch McConnell and GOP members of the Budget Committee are meeting today with two top Trump administration officials to plot breaking the budget stalemate. (AP)White House lawyers this summer urged President Trump's son-in-law Jared Kushner https://click.response.cnbc.com/?qs=c89e1a503c19a0a09af8c0c98eb22d6ca832a3017464071e97d259d8cb19536914a6c03156a3da2ced61bfe8d7ee177ceecdad24604ac2fa step down from his role amid a broadening probe into whether the Trump campaign coordinated with Russians in the 2016 election, the Washington Post finds. (Washington Post)Leaders of the Senate Finance Committee https://click.response.cnbc.com/?qs=c89e1a503c19a0a0c52e494c8545d5fe028b71f4587bc9187df47df7bc8355476289eeda67803422d01b7b4b41744071bcc90dfcf575e3d7 demanded answers from Equifax about its major data breach, including pressing for more details about three Equifax executives who sold shares after the breach was discovered. (NYT via CNBC)The United Nations https://click.response.cnbc.com/?qs=c89e1a503c19a0a0eab5d294c85af5ba059654fb477e7166f6ae45fefc8715df575f0c705866beb2fc2190c0803401d7d1c523ef61f9f572 unanimously adopted its strongest sanctions on North Korea. It aims at depriving Pyongyang of more than a billion in annual revenues and boosting pressure on Kim Jong Un's regime after its recent nuclear test. (Financial Times)China's U.N. Ambassador called on North Korea to https://click.response.cnbc.com/?qs=c89e1a503c19a0a04abacf166ae531730e59761d733064ff5a41f301c94240673bcd62d9c248d2e6396a29419763d0a49764e59231c55952 "take seriously the expectations and will of the international community" to halt its nuclear and ballistic missile development. He also called on all parties to remain "cool-headed" and not stoke tensions. (Reuters)Social Finance said late Monday that Chairman and CEO https://click.response.cnbc.com/?qs=c89e1a503c19a0a0c6c5a44d1ddb2ef4cf002df4aa1248c930f4628bdcb004edfd4d201511095fe6dc77167b8f121c8bc7f4d9e50662804d Mike Cagney would step down by the end of the year. In a note to employees, Cagney said that recent litigation brought against the company and "negative press have become a distraction from the company's core mission." (WSJ)Samsung said pre-orders of its Galaxy Note 8 smartphone exceeded its expectations, as the South Korean company https://click.response.cnbc.com/?qs=c89e1a503c19a0a0469f964443fa6510ea86b02c0de534b1a6c50a67708856dd7b81aad886d77570fccc3781b08302a2e76f960759ba49f2 seeks to move beyond last year's safety debacle and braces for Apple's iPhone debut later today. (Financial Times)STOCKS TO WATCH Equifax (EFX) is seeing lawsuits pile up related to the massive data beach that may affect as many as 143 million Americans. More than 30 lawsuits have been filed in the US so far, with Equifax shares falling more than 20 percent since the breach was disclosed last Thursday.21st Century Fox (FOXA) has joined the court challenge against a CBS (CBS) deal to buy Australian TV broadcaster Ten Network Holdings. A private company controlled by Fox Executive Chairman Lachlan Murdoch has challenged the CBS deal in court and wants to revise its own bid.Amazon (AMZN) saw a 25 percent increase in foot traffic at its Whole Foods grocery chain over the two days following the implementation of price cuts, according to the New York Post.Western Digital (WDC) may or may not have a deal to buy Toshiba's chip unit, in a long-running takeover process. Published reports in Japan say Toshiba has agreed to sell the unit to a group led by Western Digital for $18.3 billion, but Toshiba has denied the report and said it is continuing to evaluate bids.Teva Pharmaceutical (TEVA) has agreed to sell its Paragard contraceptive brand to a unit of Cooper Companies (COO) for $1.1 billion in cash.WATERCOOLER The widely-anticipated Apple event is today, but almost everything the company is set to announce was leaked to the press over the weekend, including new information on the high-end iPhone X. https://click.response.cnbc.com/?qs=c89e1a503c19a0a02ed3acaf20b720b99d45adb22b8dc16647c7d94745af883fb5f21bc57cc68b7321a1e3f475aad1b4b3208927e4afca10 Here are the spoilers. (CNBC) CONTRIBUTORS https://click.response.cnbc.com/?qs=c89e1a503c19a0a0598f6e791cd530138f5c239152a290281c8b7076a676a990aa866d7050129a70625a59b32eef36613ba91f4eaee2d839d761d5f1cca75215 https://click.response.cnbc.com/?qs=c89e1a503c19a0a0598f6e791cd530138f5c239152a290281c8b7076a676a990aa866d7050129a70625a59b32eef36613ba91f4eaee2d839d761d5f1cca75215 Berkeley Lovelace Jr.News Associate https://click.response.cnbc.com/?qs=c89e1a503c19a0a070fe1e5c856a647543c1193eae0651eec878f97d60b13da05652e2c93086b9e799d51805adb986c228c421478b44130fab949b6fbc599aa3 @BerkeleyJr https://click.response.cnbc.com/?qs=c89e1a503c19a0a0b529f3f69df008c079a2eb1bd55ca2f768efb7b6bd7ad06562557b6ed32d72706769b7f153c2927764b928464d52c474 https://click.response.cnbc.com/?qs=c89e1a503c19a0a0b529f3f69df008c079a2eb1bd55ca2f768efb7b6bd7ad06562557b6ed32d72706769b7f153c2927764b928464d52c474 Peter SchacknowSenior Producer https://click.response.cnbc.com/?qs=c89e1a503c19a0a09c84e5981c09ce80db1d49f19f291eaf5674b1777b66f703c19c2c2e504e90c6e025fd1a3c2bcf2157a9c8f1134c00d0 @peterschack Feedback We value your input—use https://click.response.cnbc.com/?qs=c89e1a503c19a0a0db0a86cab897b7f9b9f56f9be2cb18af67f25b2c5594eedebd9192971fd133fd996b2c1b4e591c3d74c2256acaa5a2ac our simple form to let us know what you think. Click https://click.response.cnbc.com/?qs=c89e1a503c19a0a04186b0b826e0c58080e8084b6163ffee4eac0435e836cc879b359959ee350347b06049568c0ef2a739e721a317bf3437 here for Real-Time data and top stories on your desktop or mobile device. https://view.response.cnbc.com/ftaf.aspx?qs=a912bb7ab26c388b246cd0f589fb8795dde5de502b584acebce98d316277b8823c7a9d9e5ab14817 https://view.response.cnbc.com/ftaf.aspx?qs=a912bb7ab26c388b246cd0f589fb8795dde5de502b584acebce98d316277b8823c7a9d9e5ab14817 Send this email to a friend https://click.response.cnbc.com/?qs=c89e1a503c19a0a0683f8c3509d7a7444fa66136809c829d73c37a4dd9edb66f4d854a04bbb83d17273d485504c0b1fdf8991a1772aaf7b4 https://click.response.cnbc.com/?qs=c89e1a503c19a0a0145201f55ec0b9c07b75bf70f276ace6f80f1a146672f4863328cc2593f1160e0b1813503c698d4553464e113fc1fa58 https://click.response.cnbc.com/?qs=c89e1a503c19a0a01463255e68ff8cbab49355dbfcc4be26eb7366618f60a9c4d5916a0ff4ecbbad0a0f27cf9fc67849fc6109b005959245 https://click.response.cnbc.com/?qs=c89e1a503c19a0a0672262918216f46bd8eaadd142b5483833b7f2d87e70fd91a7b815c77b7a2486ef7ea06d5e9e45d3c524ab00907df4f7 https://click.response.cnbc.com/?qs=c89e1a503c19a0a03d16554ad4bb208894b9333de9dd7960f188ac1e81a25f5752cff4a92e0f02ed792743b824c5516d89a71ca9ac7257e4882d1f80396ed84e Unsubscribe https://click.response.cnbc.com/?qs=c89e1a503c19a0a02096f575f0cc820a6a607239b0dfaa0a03f66b842628ece971ef58986aeca0be0ebe8d519e736135cc912a871ae23c62 Advertise https://click.response.cnbc.com/?qs=c89e1a503c19a0a03e484858fad16e482a3ac4e90f43d363aa6091da20b0ce0826aa88cf42cdaf1a5eb50075aa1e106f144fb7d2204e7b67fc84bd9bba97fb56 More Newsletters https://click.response.cnbc.com/?qs=c89e1a503c19a0a0d4173f3a512fab4dfe54a9a5a6da30bcca8cf43b55327b1aea53f1fa0bfb1e61c66c93034d4fd84f2ef0025252faf269 Digital Products (c) 2015 CNBC Inc. All Rights Reserved. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 To ensure delivery to your inbox, please add mailto:[email protected] [email protected] to your address book. ---------------------------------------- This email was sent by: CNBC 900 Sylvan Ave. Englewood Cliffs, New Jersey, 07632, US We respect your right to privacy - visit the following URL to view our policy. ( https://click.response.cnbc.com/?qs=c89e1a503c19a0a06c24633f75746837b2b18ad085c505d993fa3d071ebeb6ebbbdd38e9746537794d7c3750cced82da162210bfa9bb5492 ) ---------------------------------------- Visit the following URL to manage your subscriptions. ( https://click.response.cnbc.com/subscription_center.aspx?qs=7c447fea08a0d40c0010348845cea2769f9f579d7285be70ba8dbe39f9153ab84e0819bf6ace631096145d40f4adc0fa0809b91720fd3784 ) Visit the following URL to update your profile. ( https://click.response.cnbc.com/?qs=c4ab62bd5e0ef4b857fa54e30038b88cf9c1334cda946d7c9ba34fb02f59f2808b9ba27919aa2fb413a57728e70519315fe2700bd144471a ) Visit the following URL to unsubscribe. ( https://pages.response.cnbc.com/page.aspx?QS=330c754b5e92df7418aaa25241be78348557788e50e697ae&sid=40000001 )