10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TSLA, PEP, FOXA, CMCSA, BAC, GS)


Kim Jong Un

Here is what you need to know.

Trump makes his Supreme Court pick. President Donald Trump has nominated Brett Kavanaugh, 53, to replace the retiring Justice Anthony Kennedy on the US Supreme Court.

China’s latest inflation report points to upward pressure on prices around the world. Producer prices in China accerlated 4.7% year-over-year in June, suggesting building pricing pressures abroad.

Over half of all initial coin offerings for crypto startups fail within 4 months. Researchers from Boston University found that only 44.2% of crypto projects last more than 120 days. However, that number jumps to 83% for those listed on an exchange.

Goldman Sachs has a new pick to win the World Cup. Goldman now sees Belgium beating England in the World Cup final, according to a new note out Monday.

Bank of America raises its earnings forecast for the rest of the year. The bank expects higher oil prices to drive earnings to $159 a share.

21st Century Fox is reportedly putting together a new offer for Sky. The deal, which would top the offer from Comcast, is said to be worth about 25 billion pounds ($33.14 billion), the Financial Times says, citing two people briefed on the matter.

Tesla hikes prices in China. The electric-car maker raised the prices of its Model S and Model X vehicles by over $20,000 a vehicle in the wake of rising trade tensions, Elecktrek reports.

PepsiCo beats. The soft-drink giant earned core earnings per share of $1.61 on revenue of $16.1 billion, beating Wall Street estimates. It also reaffirmed its fiscal year 2018 outlook.

Stock markets around the world are higher. Japan’s Nikkei (+0.66%) led the gains in Asia and Britain’s FTSE (+0.15%) is out front in Europe. The S&P 500 is set to open up …read more

Source:: Business Insider

      

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