IN THE NEWS
Benzinga
As a nexus of both the Civil War, the slave trade and the civil rights movement, Charlottesville makes $1 billion dollars annually on tourism. Many other places in Virginia and elsewhere in the South have profited enormously from their history, however dubious: Link
As Walt Disney Co DIS goes its own way, Amazon.com, Inc. AMZN looms and Facebook Inc FB muscles into video, cash-burning Netflix, Inc. NFLX looks vulnerable, according to the latest cover story in Barron's: Link
Wall Street Journal
President Donald Trump, in the wake of deadly weekend violence at a white-supremacy rally in Virginia, is facing pressure to break decisively with such nationalist groups that largely backed his campaign and presidency, or risk a fraying of his fragile governing coalition: Link
The price of the digital currency bitcoin crossed over the $4,000 mark for the first time in its nine-year history, despite a widespread selloff in other major digital currencies: Link
Reuters
U.S. President Donald Trump's order to his top trade adviser to investigate supposedly unfair Chinese trade practices will "poison" relations between the two countries, a Chinese state-run newspaper said on Monday: Link
The web hosting company GoDaddy GDDY said on Sunday it had given The Daily Stormer 24 hours to move its domain to another provider after the extremist web site posted an article denigrating the woman who was killed at a white nationalist rally in Virginia: Link
Bloomberg
The pros who make their living forecasting the economy overwhelmingly expect President Donald Trump and his fellow Republicans to push through tax cuts in time for next year’s congressional elections. They just don’t think that the reductions will do all that much to help the economy in 2018: Link
For North Korea’s fledgling economy, the latest round of sanctions will cut deep: Link
New York Post
Books about politics are crowding out every other topic, according to frustrated sources in the publishing world: Link
ECONOMIC DATA
- The Treasury is set to auction 3-month bills at 11:30 a.m. ET.
- The Treasury will auction 6-month bills at 11:30 a.m. ET.
ANALYST RATINGS
- Mizuho upgraded Brixmor Property Group BRX from Neutral to Buy
- JMP upgraded StoneCastle Financial BANX from Market Peform to Market Outperform
- DA Davidson upgraded International Paper IP from Neutral to Buy
- Morgan Stanley downgraded CNO Financial CNO from Equal-Weight to Underweight
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