Stock futures lower on 30th anniversary of Black Monday
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=4e693baefbc2b6c097cba290f65e597f0e033b06231bc3adaf8d8a3b4ef6689e8acd0f4371e0d6ad210ecde9d32c4bdf16c0722a565e2c68987008efd666c932CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=4e693baefbc2b6c097cba290f65e597f0e033b06231bc3adaf8d8a3b4ef6689e8acd0f4371e0d6ad210ecde9d32c4bdf16c0722a565e2c68987008efd666c932 here. https://click.response.cnbc.com/?qs=b8e468b337bce7f055f027dacab825f05ad80446054c6c8209439218856e7adfb6c760e495463d2c78d854ba21f0548a5ef5328261f4dd76 Dow Jones Fut Close:23,157.60 Current Future:22,992.00 Future Change:-122.00 Implied Open:-104.60 S&P 500 Fut Close:2,561.26 Current Future:2,546.00 Future Change:-14.00 Implied Open:-13.06 NASDAQ 100 Fut Close:6,114.35 Current Future:6,072.00 Future Change:-47.25 Implied Open:-42.65 Russell 2000 Mini Close:1,505.14 Current Future:1,495.20 Future Change:-11.20 Implied Open:-9.29 Quotes as of 10/19/2017 7:31:39 AM ET BY THE NUMBERS U.S. stock futures https://click.response.cnbc.com/?qs=b8e468b337bce7f083f6a1de8b95d4d7a331e61a5cf7caa16c14c60fbfa484c27528f883e5b042cbd858493332aed0bb256670e343be93e2 were sharply lower this morning, in what would be an interruption of a rally that lifted the Dow, S&P 500, and Nasdaq to record closes the previous session. The Dow on Wednesday also closed above 23,000 for the first time ever. (CNBC) https://click.response.cnbc.com/?qs=b8e468b337bce7f0e4e8828d8372bd7b49c2c8133fc54b2655e6fdb24c75f07ad7f6a31642c46e81401878a2c337c6f73b187fa18b926499 Thirty years ago today , October 19, 1987, the Dow plunged 508 points or about 22.6 percent. An equivalent Black Monday drop today would push the Dow down about 5,000 points. (CNBC)Dow components Travelers (TRV) and Verizon (VZ) lead this morning's https://click.response.cnbc.com/?qs=b8e468b337bce7f0d93d53756439fca79634086380fbcb8c2065822bd851ecab09e5d0834bd48d29ac4db5dd03728b4c86c66ef3ec195e0c earnings calendar . E-Trade (ETFC), Intuitive Surgical (ISRX), PayPal (PYPL), Skechers (SKX) and WD-40 (WDFC) are among the companies set to release earnings after today's closing bell. (CNBC) https://click.response.cnbc.com/?qs=b8e468b337bce7f0ab0057f7364d43ee04e5b70ce4710da2471ee247f591a33fb7d4394cc9886b4523f7de46aaa389fb9c4f204d3c4d9ba1 Two economic reports are out today, both at 8:30 a.m. ET: the Labor Department's weekly look at initial jobless claims and the Philadelphia Fed index. (CNBC)A day after Chinese President Xi Jinping made big economic promises, China reported third-quarter growth data overnight that met expectations, but the https://click.response.cnbc.com/?qs=b8e468b337bce7f0ffe537b545640bf6fe74726c594f520c775412a7cd0fc13f44c7fcbb04c85708a2ab84d942a03f16bdd4f2ede8c25849 6.8 percent advance was 0.1 percent lower than the expansion in the previous quarter. (CNBC) https://click.response.cnbc.com/?qs=b8e468b337bce7f08acbf6efc75f391576d28d0d7ce2008978042f15630801229755a5950e0694c6904dd4a953fcf44e168d5b2d226b9650 https://click.response.cnbc.com/?qs=b8e468b337bce7f0759e8141e8aea70946cfd3ea0104672c4ddbc2069e8626c10ab37e93f025f3fde15b2dc1164634b8a2d45a022d54ddbb https://click.response.cnbc.com/?qs=b8e468b337bce7f022ffdfeefb266c29e3b251513429559871448eddd300ffd7610618b85e73d27337ed5ce00c75e8658d5297bfb34be1bf IN THE NEWS TODAY President Donald Trump's drive to overhaul the U.S. tax code is headed for a pivotal moment today, with Senate Republicans https://click.response.cnbc.com/?qs=b8e468b337bce7f06b8e6333f3f10bcd6a6848106235f2f98973150cd295cb86f1035c4ed7425a465cabdd1a03b90ac8ac3255234be68b38 poised to approve a budget measure that would help them pass tax legislation without Democratic support. (Reuters) * https://click.response.cnbc.com/?qs=b8e468b337bce7f03dbb956b08e2863ac0c048c4dcd0609359fc89fddcf25909ddbb6fd8bccf2c9ea008907f3d7fe82a33d4c8a59f8dbfbf Puerto Rico governor and Trump to meet at White House today (Chicago Tribune) * https://click.response.cnbc.com/?qs=b8e468b337bce7f0a78c58ae39ac726a81d4ead5fd3e2daabd0e4d16d59155b28d417112af0a5c20f73ce46cf3ad07ea4a0c33f9de948bb8 Obama to hit campaign trail today for first time since leaving office (USA Today)The odds of passing a newly proposed bipartisan "short-term fix" for Obamacare got longer as House Speaker Paul Ryan's https://click.response.cnbc.com/?qs=b8e468b337bce7f09936dd5f82d36a516b5d34ca91105ba98181b8b83c5ff42da83f7a2b508779d62a363feb2fe95f1fe25f0287c2fb7c5d office indicated he opposes the bill , and President Trump's spokeswoman said he does not support the legislation as now written. (CNBC) * https://click.response.cnbc.com/?qs=b8e468b337bce7f071c3230f87067041ed8f8765d493633e8c178765ae2abf9530993c4db5efae6743fa852e510d81be3948562edf813f44 Judge plans to rule next week in Obamacare subsidies fight (Politico) * https://click.response.cnbc.com/?qs=b8e468b337bce7f0ac72bcaddaf09c794479fea12ab7868a9233a6c9aa83335c862a2c233bb2e1901c34f10cc0182dbd9ae0278e41423d58 Republicans gear up to fight Trump over NAFTA (Financial Times)Senators this week are slated to announce a bill they hope will curb https://click.response.cnbc.com/?qs=b8e468b337bce7f0973d4a4d46d9173a96bd852f9f55529e0abffad4fbdbbda6314b5cf2db626c33344529b59e26a2f58ea85116ba6b5e2d foreign governments' influence on U.S. elections. It will call for more transparency in ads on social media platforms run by companies such as Facebook (FB), Google (GOOGL) and Twitter (TWTR). (CNBC)President Trump has selected https://click.response.cnbc.com/?qs=b8e468b337bce7f03a528c344b5af21d3d3a3558ef7d5e737d38576efb1d4cc235004d346705ca5a821ba1a40dbfa08eb8f14c2906c7c21f Joseph Simons, an antitrust attorney with a Washington law firm , to head the Federal Trade Commission, a White House official said Wednesday. (Reuters)Spain's central government threatened today https://click.response.cnbc.com/?qs=b8e468b337bce7f060320d50e2b470b339ef228dc652ec031e139150df3846f68eefc4481e764fe203a27a3eeb466faa167413ebf7af516d to suspend Catalonia's autonomy after the region's leader said it could go ahead with a formal declaration of independence if Madrid continued its "repression." (Reuters)New crash tests show automakers have made strides in passenger safety. Tests from the Insurance Institute for Highway Safety showed 10 of the 13 cars tested https://click.response.cnbc.com/?qs=b8e468b337bce7f09725695e80a10a283ab7db693315d38c622ea4a9ae7568b01cd1ca5cef4ebb020c6c97ed97e985b0529666edc0fa5d74 were graded as doing a "good," the highest mark given by the IIHS. (CNBC)General Electric's new CEO, John Flannery, is expected to cut thousands of corporate-level jobs next month as part of a strategic review, https://click.response.cnbc.com/?qs=b8e468b337bce7f0297808bc877a2aab50b4160363e94cb1f007b221ad9983ecbed33f77ba2639eb1ed5754200b7bb425110662baece1917 The Wall Street Journal reports , citing sources. The company announced plans earlier this year to reduce costs by $2 billion. * https://click.response.cnbc.com/?qs=b8e468b337bce7f00234183f233015b20ed6ca527b92204309098f641806ff32822593a5c0d5f9dbef24b198bd0c281f0fe7f03e33b917cb Former GE CEO Immelt reportedly used two corporate jets on some trips (CNBC)Kenneth Chenault https://click.response.cnbc.com/?qs=b8e468b337bce7f0c8709b67ecac605638a780a20b44b18db018da2d7bf9350345635defcf8b06408b83cbef3ce124418ea0a7258a3fc0b8 will step down as chairman and CEO of American Express in February, endinga 17-year run at the helm of Amex. Named CEO in 2001, Chenault, 66, is among the first African-Americans to run a Fortune 500 company. (CNBC) * https://click.response.cnbc.com/?qs=b8e468b337bce7f0303c7f866c6770564a5a544ecb513a4e1e6a1202c3f7322416329ed14e7f66a981163e1c662cd81e6804661775bd6d0a Amex beats estimates on earnings and revenue, raised full-year forecast (CNBC)Amazon (AMZN) https://click.response.cnbc.com/?qs=b8e468b337bce7f070f986ed16751c223490bc3a1cf308ff3a71cfaf7511da39ab28bc1cb89d8a0344c0f5d5b1020e76030f16ed2a6004bd will close the bidding process for its second headquarters today. More than 100 cities have expressed interest in making a run for the company's HQ2. Amazon plans to invest more than $5 billion and hire 50,000 people at its second headquarters. (CNBC) * https://click.response.cnbc.com/?qs=b8e468b337bce7f0274e20083a12c1378d2f74a726cd212ec36588f141b2d7aee940b1ee7aad13c04092f7c887aec031211d7bd81331c371 That email from Amazon is not a scam: Here's why you're getting money (CNBC)Blue Apron (APRN) https://click.response.cnbc.com/?qs=b8e468b337bce7f0ffbfc02e920f5955541b72b12656dd74509fc9bec783d198d49fe073f3971d767dc6730722f9a80d1b59256214847746 cut approximately 6 percent of its workforce , as the meal kit company comes under pressure from intense competition. Blue Apron said the cuts would come in both corporate officers and in its fulfillment centers. (CNBC) * https://click.response.cnbc.com/?qs=b8e468b337bce7f00ee30a9cdafdfc8d1de37464163402e2f03d18e119f4085168568b30ee4463b621b416d372d4ea5e8034ef1246468fae Blue Apron layoffs hit the office hardest, warehouse workers mostly spared (CNBC)Gilead Sciences (GILD) https://click.response.cnbc.com/?qs=b8e468b337bce7f05edc593c2ee7884fce1a10e950d11d61ef78909bb6b612ab7bab0260f870ebc0052d49d2352a9e68d083ccf78f23d45b won FDA approval for its immunotherapy treatment designed to treat lymphoma. The treatment had been developed by Kite Pharma, which Gilead acquired earlier this year. The price for the one-time treatment will be $373,000. (CNBC)Scientists claim they have made a research breakthrough https://click.response.cnbc.com/?qs=b8e468b337bce7f073b332f68baa1cf2bf874781c6c2eaea33f8ef0766173a1d7a8de06f29494e70bec0f5b536c638169ef59f502a16442b in the relationship between sugar and cancer. Researchers in Belgium said yeast with high levels of glucose can overstimulate proteins found mutated inside human tumors. (USA Today)STOCKS TO WATCH United Continental (UAL) beat estimates by 8 cents with adjusted quarterly profit of $2.22 per share, with the airline company's revenue matching Street forecasts. United reported a $185 million pretax loss due to hurricane-related flight cancelations.EBay (EBAY) earned an adjusted 48 cents per share for its latest quarter, matching consensus estimates, while the online marketplace's revenue came in slightly above forecasts as it added nearly 2 million active buyers. However, eBay also said profits for the current quarter could be less than expected as it spends more on marketing and a website revamp.Adobe Systems (ADBE) is forecasting better than expected revenue and profit for fiscal 2018, thanks to the software company's growth in its cloud business.MongoDB is raising $192 million in its IPO. The database software firm is expected to start trading today, after pricing 8 million shares at $24 each last night. That was above the recently raised expected range.WATERCOOLER Switzerland's St. Moritz ski resort serves as a winter playground for the ultra wealthy. And within the resort sits the most expensive house for sale in the country: https://click.response.cnbc.com/?qs=b8e468b337bce7f04ba81e4c83e213dc488915fd2fc20842e7c8c1a00f417105ee7ebc18e5f56dad5f50313daac66078648575f25eecb678 a lavish $185 million mansion . 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