 | IN THE NEWS TODAY |
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| U.S. stock futures were under pressure in early trading ahead of this morning's release of the July employment report-seen as a key piece of the economic puzzle on whether the Fed might hike interest rates next month. (CNBC) |
| The Dow is looking to break a six-session losing streak Friday, after closing Thursday at a six-month low. Media, biotech, and energy stocks served as a drag to the overall market. (CNBC) |
| In last night's primetime GOP debate, while dismissing criticism of his controversial comments, Donald Trump served notice he may run as an independent if he does not get the party's nomination. (Washington Post) |
| Powerful senate Democrat Chuck Schumer, the most influential Jewish voice in Congress, has decided to oppose President Barack Obama's deal to limit Iran's nuclear program. (NY Times) |
| Activist investor Carl Icahn reported a 8.2 percent stake in Cheniere Energy(LNG) and said he would seek a seat on the liquefied natural gas company's board, if needed. (Reuters) |
| CVS/Caremark insurance will no longer cover more than two dozen drugs, including Pfizer's (PFE) Viagra, starting in 2016. People who get drug benefits through CVS will still be able to get coverage for Eli Lilly's (LLY) Cialis. (USA Today) |
| Google (GOOGL) and Samsung will release monthly security fixes for Android phones, a growing target for hackers, after the disclosure of a bug designed to attack the world's most popular mobile operating system. (Reuters) |
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| Sprouts Farmers Market (SFM) fell about 10 percent in premarket trading, after reporting basically in-line earnings and revenue. The grocery store chainwarned on profits, and promoted its CFO to chief executive. |
| Personal care products Nu Skin Enterprises (NUS) topped estimates with earnings and revenue estimates, sending shares up more than 9 percent in premarket trading. |
| Nvidia (NVDA) jumped about 10 percent the premarket, after the visual computing company beat revenue estimates. Profit came in 50 percent below expectations. |
| Mobile-game player Zynga (ZNGA) reported a quarterly loss of a penny a share on revenue of $174 million, versus estimates of a loss of 2 cents a share on $157 million. |
| Lions Gate (LGF) reported profit of 26 cents a share, surging past expectations of 7 cents a share, but revenue of $409 million missed estimates of $428 million. |
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| The July employment report, due out at 8:30 a.m. ET, is expected to show a nonfarm payroll gain of 223,000, with the jobless rate holding steady at 5.3 percent and average hourly wages growth of 0.2 percent. |
| U.S. investors poured $20.3 billion into low-risk money market funds this week, their biggest inflows since December 2013. Stock funds saw $3.6 billion in outflows, their fourth straight week of withdrawals. |
| Renowned oil trader Andy Hall suffered his second-biggest monthly loss ever in July, leaving his hedge fund about $500 million poorer. He said he failed to anticipate a sudden market shift that roiled crude. |
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| STOCKS TO WATCH |
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| People associated with Taylor Swift's clothing brand have discussed removing some items with the 1989 logo from products to be sold in China. "1989" is the name of her album and world tour, but that was also the year when Tiananmen Square happened. (Reuters) |
| Rapper-producer Dr. Dre releases a new album today after 15 years, saying it'll be his last. The work was inspired by work on music biopic "Straight Outta Compton," in theaters next Friday. (USA Today) |
| One of the most famous Ferraris in pop culture is headed to auction. A 1986 Testarossa that was used in the hit 1980s TV show "Miami Vice" will be auctioned off by Mecum Auctions next week. (CNBC) |
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