The Market In 5 Minutes: Buffett-Apple, Activision Blizzard, Weight Watchers And More

IN THE NEWS

As companies continue to realize the effects of corporate tax cuts, an impressive phenomenon persists: Link

Your summer reading list should be fun and informative. So, why not do some light finance reading? Here are some recommendations that’ll help you make better financial decisions: Link

Activision Blizzard, Inc ATVI shares were halted around 2:15 p.m. after Dow Jones leaked incorrect earnings figures from the company’s first-quarter report a few hours before they were set to be released: Link

President Donald Trump hatched with Rudy Giuliani the high-risk plan to disclose on live television that he had reimbursed his longtime attorney for buying a porn actress’s silence, leaving senior aides in the White House and the rest of his legal team stunned: Link $

Berkshire Hathaway Inc bought 75 million additional Apple Inc AAPL shares in the first three months of the year, CEO Warren Buffett told CNBC, aggressively ramping up its bets on the iPhone maker: Link

Two days of U.S.-China trade discussions ended in Beijing on Friday with an agreement to keep on talking, and little else: Link

Weight Watchers WTW is tipping the scales on Wall Street: Link

ECONOMIC DATA

• USA Nonfarm Payrolls for Apr 164.0K vs 189.0K Est; Prior 103.0K. Private Payrolls for Apr 168.0K vs 194.0K Est; Prior 102.0K
• Unemployment Rate for Apr 3.90% vs 4.00% Est; Prior 4.10%
• New York Fed President William Dudley is set to speak at 12:45 p.m. ET.
• The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
• Federal Reserve Bank of San Francisco President John Williams will speak at 3:00 p.m. ET.
• Randal Quarles, Vice Chairman for Supervision, is set to speak at 5:30 p.m. ET.
• Dallas Fed President Robert Kaplan will speak at 8:00 p.m. ET.
• Federal Reserve Bank of Atlanta President Raphael Bostic is set to speak at 8:00 p.m. ET.
• Kansas City Fed President Esther George will speak at 8:00 p.m. ET.

ANALYST RATINGS

• RBC upgraded Benefitfocus BNFT from Sector Perform to Outperform
• Stephens upgraded FMC FMC from Equal-Weight to Overweight
• RBC downgraded Colfax CFX from Outperform to Sector Perform
• Deutsche Bank downgraded Smith & Nephew SNN 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.