Market Overview

The Market In 5 Minutes

The Market In 5 Minutes



The CEOs on President Donald Trump’s manufacturing council are from the largest of Fortune 500 companies, but the board’s turnover rate more closely resembles that of a fast food restaurant: Link

President Donald Trump retweeted Jacob Wohl — the 19-year-old hedge fund manager whose work has drawn the attention of securities regulators — after he credited the commander-in-chief on Wednesday for the market's performance: Link

Wall Street Journal

India is taking a series of aggressive steps to reduce the mountain of bad debts weighing down its banks and threatening to derail the world’s fastest-growing large economy: Link

Facebook Inc. (NASDAQ: FB) dismantled a popular anonymous discussion board for employees last year that had become a forum for conservative political debate that sometimes degenerated into racist or sexist comments, people familiar with the matter said, a rare move to censor speech internally: Link


Chinese authorities have issued a warning to the country's top e-commerce platforms, including Alibaba Holding Group Ltd's (NYSE: BABA), over the sale of illegal virtual private networks that allow users to skirt state censorship controls: Link

Talks to renegotiate the North American Free Trade Agreement (NAFTA) must include a discussion of new financial services, a Mexican negotiator said on Wednesday, singling out so-called fintech companies rapidly gaining ground in the region: Link


Turns out the solar eclipse, set to plunge parts of the U.S. into total darkness on Monday, will offer exactly what the power sector’s been looking for: a completely predictable stage for experiments: Link

Africa’s richest man, Aliko Dangote, plans to invest $20 billion to $50 billion in the U.S. and Europe by 2025, in industries including renewable energy and petrochemicals: Link

New York Post

JPMorgan Chase (NYSE: JPM) Chief Executive Jamie Dimon slammed President Trump on Wednesday for his “equivocation” on the bloody protests in Virginiaover the weekend: Link


  • nitial Jobless Claims for Aug 14 232.0K vs 240.0K Est; Prior 244.0K. Continuing Claims for Aug 7 1.95M vs 1.95M Est
  • USA Philadelphia Fed Manufacturing Index for Aug 18.90 vs 18.50 Est; Prior 19.50
  • Data on industrial production for July will be released at 9:15 a.m. ET.
  • Data on e-commerce retail sales for the second quarter will be released at 10:00 a.m. ET.
  • The index of leading economic indicators for July is schedule for release at 10:00 a.m. ET.
  • The Energy Information Administration’s weekly report on natural gas stocks is schedule for release at 10:30 a.m. ET.
  • Dallas Federal Reserve Bank President Robert Kaplan is set to speak in Lubbock, Texas at 1:00 p.m. ET.
  • Minneapolis Federal Reserve Bank President Neel Kashkari will speak in Edina, Minnesota at 1:45 p.m. ET.
  • Data on money supply for the recent week will be released at 4:30 a.m. ET.


  • Morgan Stanley upgraded Molina Healthcare (NYSE: MOH) from Underweight to Overweight
  • JP Morgan upgraded Kennametal (NYSE: KMT) from Neutral to Overweight
  • Telsey Advisory upgraded Zoe's Kitchen (NYSE: ZOES) from Market Perform to Outperform
  • Keybanc downgraded Nucor (NYSE: NUE) from Overweight to Sector Weight
  • JP Morgan downgraded Illinois Tool Works (NYSE: ITW) from Neutral to Underweight
  • Jefferies downgraded TechTarget (NASDAQ: TTGT) from Buy to Hold

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

Posted-In: Market in 5 minutesNews Global Top Stories Pre-Market Outlook Markets Best of Benzinga


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