The Market In 5 Minutes: North Korea-South Korea, GDP Grows 2.3% And More

IN THE NEWS

The leaders of North and South Korea signed a declaration on Friday agreeing to work for the “complete denuclearization of the Korean peninsula”: Link

The Amazon AMZN tax predicament: Link

While legalized marijuana represents a burgeoning industry and tax boon for states, its financial impact could be eclipsed by the potential of legalized sports betting: Link

It’s been a little over five years since arguably the greatest moment in CNBC's history: the uninterrupted 27-minute back-and-forth between Carl Icahn and Bill Ackman: Link

States and cities that raise taxes and tolls will have a better chance at winning federal money for roads and bridges, part of a Trump administration strategy to have states carry a bigger portion of infrastructure spending: Link $

Ford F, one of the great engines of 20th Century American industry, is about to do the unthinkable: abandon the American car business almost entirely: Link

President Donald Trump hinted he may intervene in the Justice Department’s Russia investigation, as a Senate panel advanced a measure to protect Special Counsel Robert Mueller: Link

ECONOMIC DATA

• USA GDP (QoQ) for Q1 2.30% vs 2.00% Est; Prior 2.90%
• The University of Michigan's consumer confidence index for April is schedule for release at 10:00 a.m. ET.
• The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.
• Data on farm prices for the recent week will be released at 3:00 p.m. ET.

ANALYST RATINGS

• Stifel upgraded Facebook FB from Hold to Buy
• Morgan Stanley upgraded Acacia Communications ACIA from Underweight to Equal-Weight
• Jefferies downgraded Sunoco SUN from Hold to Underperform
• KBW downgraded Oaktree Capital OAK from Outperform to Market Perform

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.