The Market In 5 Minutes

IN THE NEWS

Benzinga

When Chicken Soup For The Soul Entrtnmnt Inc CSSE IPO'd earlier this month, some were confused by the timing and even the decision to go public itself: Link

United Technologies Corporation UTX will acquire Rockwell Collins, Inc. COL in a deal worth $30 billion, forging an aerospace behemoth producing virtually all types of avionics systems for commercial and defense aircraft: Link

Wall Street Journal

Senate GOP leaders signaled Tuesday they will tie an increase in the nation’s borrowing limit to an aid package for victims of Tropical Storm Harvey, a move that could boost the debt-limit legislation’s chances of passage ahead of a deadline this month: Link

For retailers, the robot apocalypse isn’t a science-fiction movie. As digital giants swallow a growing share of shoppers’ spending, thousands of stores have closed and tens of thousands of workers have lost their jobs: Link

Reuters

Advanced hackers have targeted United States and European energy companies in a cyber espionage campaign that has in some cases successfully broken into the core systems that control the companies’ operations, according to researchers at the security firm Symantec SYMC: Link

Regulators must do more to help mom-and-pop investors better understand the potential risks posed by cyber crime and new technologies used to commit fraud, U.S. Securities and Exchange Commission Chairman Jay Clayton said on Tuesday: Link

Bloomberg

Hurricane Irma, the most powerful storm to form in the open Atlantic Ocean, made landfall in the Caribbean early Wednesday and barreled toward Puerto Rico on a path that may bring it ashore in Florida and destroy so much property that damages may surpass Hurricane Katrina: Link

At liberal tech companies, those who disagree on politics say they're more isolated than ever before: Link

ECONOMIC DATA

• MBA Weekly Mortgage Applications Up 3.3%
• Redbook Reports US Retail Sales During First Week Of Sept. Up 0.3% MoM, Up 4.4% YoY
• US Services Purchasing Managers' Index for August will be released at 9:45 a.m. ET.
• The ISM non-manufacturing report for August is schedule for release at 10:00 a.m. ET.
• The Federal Open Market Committee will release its latest Beige Book report at 2:00 p.m. ET.

ANALYST RATINGS

• Citi upgraded Omnicom OMC from Sell to Neutral
• JP Morgan upgraded Biocryst BCRX from Neutral to Overweight
• Bank of America upgraded Novo Nordisk NVO from Underperfrom to Neutral
• Wells Fargo downgraded Marathon Petroleum MPC from Outperform to Market Perform
• Cowen downgraded United Technologies UTX from Outperform to Market Perform
• JP Morgan downgraded Banco De Chile BCH from Overweight to Neutral

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.