The Market In 5 Minutes

IN THE NEWS

BENZINGA

Mind control is becoming less a dream of comic books and more a fact of reality. It starts with brain-to-text technology, a recent interest of Facebook Inc FB as revealed at its F8 conference: Link

Fannie Mae FNMA and Freddie Mac FMCC are the most well-known GSEs, but they aren’t the only ones. Here’s a look at five GSEs and what they actually do: Link

Notable short-seller Citron Research has been publicly making the case against owning shares of Wayfair Inc W since 2015. On Monday, Citron's Andrew Left's short thesis was made more apparent after the company now faces a new competitor in the furniture market, Amazon.com, Inc. AMZN: Link

THE WALL STREET JOURNAL

Officials at Saudi Arabian Oil Co. have told their superiors there is a hitch in the plans to take the state-owned oil company public: It is likely worth at least $500 billion less than the government previously suggested: Link

President Donald Trump is open to waiting until later this year to secure funding for a wall along the border with Mexico, White House officials said Monday night, in a shift that could clear the way for lawmakers to strike a deal to avoid a government shutdown on Saturday: Link

Yahoo Inc. YHOO Chief Executive Marissa Mayer is set to make some $186 million as a result of the internet company’s sale of its core business to Verizon Communications Inc., VZ according to securities filings: Link

REUTERS

French far-right veteran Jean-Marie Le Pen said on Tuesday his daughter Marine, who faces centrist Emmanuel Macron in a May 7 presidential runoff, should have campaigned more aggressively for Sunday's first round, following the example of Donald Trump: Link

A shareholder vote scheduled for Tuesday could throw Wells Fargo & Co. WFC leadership into question if many directors, criticized for their slow response to the bank's phony-account scandal, fail to win solid majorities: Link

BLOOMBERG

America’s retailers are closing stores faster than ever as they try to eliminate a glut of space and shift more business to the web. S&P Global Market Intelligence blamed retailer struggles for their inability to adapt to rising pressure from e-commerce: Link

Apple Inc. AAPL has gone to space to find additional talent for its augmented reality efforts. The iPhone maker has hired Jeff Norris, a specialist in the new technology from the National Aeronautics and Space Administration, to help build future products, according to people familiar with the matter: Link

NY POST

With such control over retail sales, jobs, ad dollars and more, critics are beginning to wonder if Amazon Inc. is good for America: Link

ECONOMIC DATA

• The Johnson Redbook Retail Sales Index for the latest week is schedule for release at 8:55 a.m. ET.
• The FHFA house price index for April will be released at 9:00 a.m. ET.
• The S&P Corelogic Case-Shiller home price index for February is schedule for release at 9:00 a.m. ET.
• Data on new home sales for March will be released at 10:00 a.m. ET.
• The Conference Board’s Consumer Confidence Index for April is schedule for release at 10:00 a.m. ET.
• The Richmond Fed's manufacturing index for April will be released at 10:00 a.m. ET.
• The Treasury is set to auction 4-and 52-week bills at 11:30 a.m. ET.
• The Treasury will auction 2-year notes at 1:00 p.m. ET.

ANALYST RATINGS

• JPMorgan upgraded Terex TEX from Neutral to Overweight
• RBC Capital upgraded NCI Building Systems NCS from Underperform to Neutral
• Stephens upgraded Analog Devices ADI from Equal-Weight to Overweight
• Raymond James downgraded Amazon From Outperform to Market Perform
• DA Davidson downgraded Cadence Design Systems CDNS from Buy to Neutral
• Standpoint Research downgraded Stratasys SSYS From Buy to Reduce

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.