The Market In 5 Minutes

IN THE NEWS

BENZINGA

U.S. chip giant Intel INTC has agreed to buy Israeli technology firm Mobileye MBLY for $15 billion: Link

The exceptional February jobs report out Friday seems to have paved the way for the Federal Reserve to make an aggressive interest rate hike when it meets this week: Link

Toronto-Dominion Bank TD, one of Canada's "big four" banks, fell as traders digested a concerning report which alleges illegal wrongdoing by employees: Link

Apple Inc. AAPL could face production delays on iPhone 8 as 3D image sensors from STMicroelectronics STM may not be ready for a September iPhone launch due to a fire at its fab in France: Link

THE WALL STREET JOURNAL

The powerful surge in global stocks and commodities in 2017 faces another hurdle this week as a quick succession of potentially market-moving events challenges investors to place their bets on the next direction for leading asset classes: Link

The sudden departure of the top U.S. prosecutor in Manhattan raises uncertainty about the federal government’s approach to trying financial crimes and global terrorism cases, even as it isn’t likely to change the course of several high-profile investigations: Link

REUTERS

For some millennial investors, loyalty to one of their favorite apps matters more than financial details in the case of Snap Inc SNAP: Link

BlackRock Inc BLK, which wields outsized clout as the world's largest asset manager, planned on Monday to put new pressure on companies to explain themselves on issues including how climate change could affect their business as well as boardroom diversity: Link

BLOOMBERG

Oil steadied below $49 a barrel as U.S. drillers continued to boost activity, countering OPEC’s efforts to drain a global glut: Link

Republican and Democratic lawmakers on Sunday said they still haven’t seen evidence to support President Donald Trump’s unverified claim that his predecessor tapped his phones, but they expect the facts will soon emerge: Link

THE NEW YORK TIMES

Mark Tucker, chief executive of the Asian life insurer AIA Group, is set to replace Douglas Flint as chairman of HSBC in October, the bank said on Sunday: Link

ECONOMIC DATA

• The Labor Market Conditions Index for February is schedule for release at 10:00 a.m. ET.
• The Treasury is set to auction 3-month bills at 11:30 a.m. ET.
• The Treasury will also auction 6-month bills at 11:30 a.m. ET.

ANALYST RATINGS

• B. Riley upgraded Kirkland's KIRK from Neutral to Buy
• Goldman Sachs upgraded Blueprint Medicines BPMC from Neutral to Buy
• Morgan Stanley upgraded Rockwell Collins COL from Equal-Weight to Overweight
• Morgan Stanley downgraded Boeing BA from Overweight to Equal-Weight
• RBC Capital downgraded Toronto Dominion Bank from Outperform to Sector Perform
• Deutsche Bank downgraded American International Group AIG from Hold to Sell

This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here or email minutes@benzinga.com.