 | IN THE NEWS TODAY |
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| U.S. stock futures were searching for direction to start the new month and new week, as Greek stocks finally reopened and promptly tanked. The S&P 500 gained nearly 2 percent in July. Investors looking for Fed clues await Friday's government employment report. (CNBC) |
| The Athens stock market plunged today, reopening for the first time in five weeks. It dropped more than 20 percent at the open. Greek banking stocks were the worst hit. (CNBC) |
| President Barack Obama plans to unveil today a set of tough environmental regulations devised to sharply cut greenhouse gas emissions from the nation's power plants. (NY Times) |
| German carmakers BMW, Audi, and Mercedes, has agree to pay around $2.75 billion to buy Nokia's (NOK) maps business, a transformational deal aimed at helping them develop self-driving cars. (Reuters) |
| AT&T (T) is moving to capitalize on its recent merger with DirecTV by offeringbundled wireless and TV services. The plan to launch a week from todaycosts $200 per month for 12 months. (CNBC) |
| Kraft (KHC) has voluntarily recalled 36,000 cases of Kraft Singles American and White American pasteurized prepared cheese product due to a choking hazard. (NBC News) |
| Jessica Alba's Honest Company, billed as eco-safe, is under fire, after consumers came out in droves, saying the company's sunscreen doesn't provide much protection at all. (USA Today) |
| Days before the first Republican debate, Donald Trump has surged into thenational lead in the GOP primary race, followed by Scott Walker and Jeb Bush, a new NBC News/Wall Street Journal poll shows. (NBC News) |
| Vice President Joe Biden and his associates have begun to actively explorea possible presidential campaign, which would upend the Democratic field and deliver a direct threat to Hillary Clinton. (NY Times) |
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| BY THE NUMBERS |
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| Trading in one of U.S.-based hedge fund Citadel's accounts in China has been restricted by securities regulators there, as Beijing battles against speculators to prop up the ailing Chinese stock market, which fell another 1 percent overnight. |
| A key China economic indicator took a sharp turn for the worse, with the final reading for the Caixin China purchasing managers index for July surprising with a drop to a two-year low. |
| The new month gets off to a busy start on the U.S. economic calendar, with June personal income and spending at 8:30 a.m. ET this morning, followed by the Institute for Supply Management's July manufacturing index and June construction spending at 10 a.m. ET. |
| Automakers release July sales figures throughout the morning, with Edmunds.com predicting a 2.9 percent increase for GM (GM) compared to a year ago, a 2.0 percent rise for Ford (F), a 2.0 percent decline for Toyota(TM), and a 4.9 percent jump for Fiat Chrysler (FCAU). |
| Sears (SHLD) expects to report its first profit in three years, on gains related to its sale of real estate assets to newly created REIT Seritage. The retailer also said its financial position has improved, with recent actions enhancing liquidity. |
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| STOCKS TO WATCH |
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| HSBC (HSBC) reported a 10 percent increase in first-half profits compared to a year ago. The London bank also announced an agreement to sell its lossmaking Brazilian operation for $5.2 billion. |
| Goldman Sachs (GS) has agreed to pay $270 million to settle a mortgage securities-related lawsuit brought by an Illinois pension fund, which accused the bank of misleading investors about the risks associated with the offerings. |
| Halliburton (HAL) said European regulators have asked for more information about its planned $35 billion acquisition of rival Baker Hughes(BHI). U.S. regulators also want more information. |
| Boeing (BA) and rival Airbus could get some additional business from Iranonce Western sanctions are lifted, with officials quoted as saying they planned to buy as many as 90 jets per year from the two aircraft makers. |
| Wynn Resorts (WYNN), Las Vegas Sands (LVS), and other casino operators with business in Macau could be under pressure, after July figures showed gaming revenue there fell 34.5 percent in July. |
| Verizon (VZ) wireline employees will remain on the job, even though their current contract has expired. The two sides say talks are continuing as they try to hammer out issues such as pension benefits and health care costs.
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