Morning Market Report - December 4, 2019
Markets Rebound on Bloomberg Report on China Trade Optimism
Futures are trading higher this morning with a report out that says US and China are nearing the details of a phase 1 trade deal despite the harsh rhetoric from the President.
S&P Futures
NQ Futures
ADP Payrolls Disappoint Ahead of Friday Non-farm Payrolls
Private payrolls increased by just 67,000 in November, according to ADP and Moody’s Analytics.
The number was well below consensus estimates of 150,000 and is the slowest growth since May.
The number was well below consensus estimates of 150,000 and is the slowest growth since May.
Larry Page Steps Down as CEO of Alphabet
After the close yesterday Larry Page and Sergey Brin stepped down as executives at Alphabet. Google CEO Sundar Pichai will take over as CEO of the parent company in addition to his current role. Both founders will remain majority shareholders and members of the board.
Google shares are trading marginally higher this morning on the news.
Google shares are trading marginally higher this morning on the news.
9 am EST Wednesday Market Update
Expedia replaces CEO and CFO
Expedia announced Wednesday that CEO Mark Okerstrom and CFO Alan Pickerill are stepping down from their roles at the company.
EXPE shares are trading higher on the news pre-market.
EXPE shares are trading higher on the news pre-market.