 | IN THE NEWS TODAY |
 | |
|
| U.S. stock futures were higher this morning, but the Dow was poised to be under pressure from the premarket slide in Walt Disney (DIS). Wall Street declined again Tuesday on another drop in Apple (AAPL). (CNBC) |
| Disney late Tuesday reported revenue that missed estimates, while earnings that beat forecasts. The entertainment giant also noted "modest" subscriber losses at ESPN as viewers shift to digital viewing. (CNBC) |
| Apple is looking to get back on track, after falling another 3 percent Tuesday, extending its slide to 13 percent in the past 11 trading days. The stock has been hit since posting disappointing results in late June. (Reuters) |
| Investors get ADP private payroll data at 8:15 a.m. ET, ahead of Friday's government employment report and after Atlanta Fed President Dennis Lockhart indicated support for a rate hike next month. (CNBC) |
| The 10-candidate primetime lineup for the first 2016 Republican presidential debate Thursday is set, with Donald Trump leading the polling. Rick Perry was the most prominent candidate to miss the cut. (CNBC) |
| President Barack Obama is rolling out a campaign of private and public advocacy over the next several weeks to build support in Congress for the Iran nuclear deal, starting with a major speech today. |
| The SEC is scheduled to vote today to formally adopt a rule to compel public companies to disclose the ratio between the annual compensation of their CEOs and the median pays of their employees. (AP) |
| Netflix (NFLX) is giving new parents on its payroll up to a year of paid leavein a move that could pressure other technology employers to improve their baby benefits as they vie for talent. (AP) |
| Microsoft (MFST) is offering $1 million in prize money to competitive gamers, a crucial piece of marketing for the latest video game in its popular Halo series, "Halo 5: Guardians," due out in late October. (NY Times) |
| Neiman Marcus has submitted plans for an initial public offering for the second time in two years. The proposed offering looks to rise $100 million. In the SEC filing, the luxury department store reported $4.8 billion in revenues for 2014. (CNBC) |
| Travelers (TRV) CEO Jay Fishman is stepping down Dec. 1, and being replaced by insider Alan Schnitzer. Fishman cited a neuromuscular condition, likely an ALS variant, as the reason he's chosen to step down. (Reuters) |
|
|  |
|  |
| BY THE NUMBERS |
| |
|
| China's recently battered Shanghai composite closed down 1.6 percent today, amid a broad-based selloff, even as data showed activity in that country'sservices sector expanded to its fastest pace in 11 months in July. (CNBC) |
| In addition to the ADP jobs report, the U.S. government issues its June trade deficit report at 8:30 a.m. ET, followed by the July non-manufacturing index from Institute for Supply Management at 10 a.m. ET and the Energy Department's usual Wednesday look at oil and gasoline inventories at 10:30 a.m. ET. |
| Mortgage volume finally made a move, jackhammered out of three stagnant weeks by a drop in interest rates. Total applications increased 4.7 percent, with refi loans surging 6 percent, according to the Mortgage Bankers Association. |
|
| STOCKS TO WATCH |
| |
|
| Lumber Liquidators (LL) lost 75 cents a share. Estimates had called for a 6 cent profit. Results were hurt by allegations about the safety of its flooring products. Revenue missed, with same-store sales down 10 percent. |
| First Solar (FSLR) earned 93 cents per share for its latest quarter, swamping estimates of 36 cents, and the solar equipment maker's revenue was also well above forecasts. It also gave an upbeat outlook. |
| Activision Blizzard (ATVI) reported adjusted quarterly profit of 13 cents per share, beating estimates of 8 cents, and revenue was well above forecasts. The video game-maker raised its full-year revenue and profit forecast. |
| Online real estate firm Zillow (Z) lost a penny a share, far smaller than the red ink of 26 cents expected by analysts. Revenue exceeded estimates, helped by a sizable jump in users, as well as the acquisition of rival Trulia. |
| LendingClub (LC) earned an adjusted 3 cents a share, above estimates, as was revenue. The online peer-to-peer lender said high satisfaction hashelped reduce customer acquisition costs. The stock debuted in December. |
| Another recent IPO Etsy (ESTY) saw its higher marketing expenses continuing. The crafts website did report better-than-expected quarterly results and revenue. |
|
|
Facebook
Twitter
Google+
Mobile
