The Market In 5 Minutes: Kavanaugh, Pepsi, Tesla And More

IN THE NEWS

A year after the market-moving referendum, Brexit continues to cause commotion in the United Kingdom: Link

In an effort to weed out the fakes and stop the spread of disinformation, Twitter Inc TWTR management has more than doubled its account suspension rate since October of last year: Link

The reliance of athletic brands on signing the biggest stars in their respective sports in hopes that they will in turn help push product has become a broken marketing model: Link

It may soon become difficult to determine who sits in the hotter seat: U.S. President Donald Trump’s Supreme Court nominee Brett Kavanaugh or Senate Democrats from conservative states: Link

U.S. carmaker Tesla Inc TSLA has hiked prices on its Model X and S cars by about 20 percent in China, the first automaker to do so in the world’s top automotive market in response to mounting trade tensions between the countries: Link

PepsiCo Inc. PEP, grappling with a slumping soda business, got another boost from its food operations: Link $

ECONOMIC DATA

  • Redbook Reports US Retail Sales During First Week Of Jul. Down 0.2% Month-Over-Month, Up 4.3% Year-Over-Year
  • The Labor Department's JOLTS report for May is schedule for release at 10:00 a.m. ET.
  • The Treasury is set to auction 4-week bills at 11:30 a.m. ET.
  • The Treasury will auction 3-year notes at 1:00 p.m. ET.

ANALYST RATINGS

  • UBS upgrades Fiat Chrysler FCAU from Neutral to Buy
  • KeyBanc upgrades Imperva IMPV from Sector Weight to Overweight
  • KeyBanc downgrades Nordstrom JWN Overweight to Sector Weight
  • KeyBanc downgrades Urban Outfitters URBN from Overweight to Sector Weight

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.

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