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Home / Business / Trade Truce, Apple, Tribune Media, Amazon and Qualcomm – 5 Things You Need to Know

Trade Truce, Apple, Tribune Media, Amazon and Qualcomm – 5 Things You Need to Know



Here are five things you need to know for Monday, December 3:

1. – Stocks rise on US-China trading time

US. Stock futures posted significant gains on Monday, December 3, after Donald Trump proclaimed a 90-day "truce" in the still-brewing trade war between Washington and Beijing following the G-20 summit this weekend in Argentina.

A White A Weekend statement said Trump will hold back the increase in tariffs on Chinese-made goods that would come into force on January 1 for at least 90 days as both sides reach an agreement on trade, technology transfer and intellectual property Property negotiated theft disputes that undermined last year's relations. China's state-owned newspaper said the agreement was an "important consensus," but did not refer to a 90-day timeline and did not confirm some of the peculiarities mentioned in the White House Communiqué. However, China's foreign ministry told reporters on Monday that it was instructed to investigate the lifting of all trade tariffs between the two countries.

Contracts linked to the Dow Jones Industrial Average jumped 484 points, futures on the S & P 500 rose 46.75 points and Nasdaq futures rose 1

66.25 points.

Apple Inc. (AAPL) shares rose 3.4% on Monday as investors bet that a ceasefire in the US-China trade war will eliminate a major tariff risk that has long remained over the most valuable Tech company in the world.

The US economic calendar includes Monday's PMI Manufacturing Index for November at 9:45 am ET, construction issues for October at 10 am, and the November ISM Manufacturing Index at 10 pm

US automakers, including Ford Motor Co. (F), will report sales on Monday throughout the day.

The earnings reports will be released Monday from Ascena Retail Group Inc. (ASNA) and Finisar Corp. (FNSR) expected. [19659004] Apple is a member of Jim Cramer's Action Alerts PLUS member club. Would you like to be notified before Jim Cramer buys or sells AAPL? Learn more now.

2. – NYSE, Nasdaq closes Wednesday to George H.W. Bush

The New York Stock Exchange and Nasdaq Stock Market will be closed on Wednesday, December 5, to greet former President George H.W. Bush, who died on Friday at 94.

"We admiringly remember President Bush as a veteran fighting against totalitarianism, a statesman pleaded for freedom, a leader serving his country, and a blatantly committed family man," NYSE faction leader Stacey Said Cunningham, when he announced the closing of their stock exchange. "He will be remembered for his decades-long service to the nation and the world, and it is appropriate that the New York Stock Exchange closes on Wednesday, the National Day of Mourning, to honor the enduring legacy of President Bush."

The Nasdaq Similarly, he announced plans to "watch the death of President George HW Bush by closing all Nasdaq stock and options markets in the US." Both markets also intend to honor the former president with a moment of silence before trading begins on Monday, while the NYSE is to display the American flag in front of their building with half staff.

Donald Trump has declared Wednesday a "National Day of Touring," Bush, who served in the White House from 1989 to 1993, after a long history in politics and government, for eight years as vice president of the deceased president Ronald Reagan served, in honor of having declared. Previously, Bush served as a Texas Congressman, US Ambassador to the United Nations and director of the Central Intelligence Agency.

. 3 – Nexstar Closes Deal to Purchase Tribune Media – Report

Nexstar Media Group Inc. (NXST) has signed a purchase agreement for the purchase of Tribune Media Co. (TRCO) for approximately $ 4.1 billion Reuters citing persons who are familiar with the matter.

The merged company would be the largest local US TV station.

Nexstar outperformed Apollo Global Management LLC (APO), a private equity firm, with an all-cash offering that Tribune valued at around $ 46.50 a share, three sources told Reuters. The grandstand closes at $ 40.26 on Friday, November 30th. In Vormark trading, it rose on Monday by 8.1% to $ 43.52.

The sale of Tribune for $ 3.9 billion to Sinclair Broadcast Group Inc. (SBGI) collapsed earlier this year due to regulatory hurdles.

Nexstar's approval to buy Tribune was announced Monday, Reuters reported.

. 4 – Amazon Wants To Test Cashier Technology For Larger Businesses

Amazon.com Inc. (AMZN) tested its cashless checkout technology for larger businesses, the Wall Street Journal reported, referring to people who were familiar with the matter.

Amazon experiments with technology in Seattle in a larger room formatted like a big store, people told the journal. The systems track what customers choose from the shelves and automatically load them when they leave a store.

Although the technology works well in its current small format, it's harder to put it into larger rooms with higher ceilings and more products, people told the Journal.

It is not clear whether Amazon intends to use the technology for Whole Foods, although this is the most likely application, if people think this will work, the Journal reported. Amazon has previously announced that it will not add the technology to Whole Foods.

Amazon holds a stake in Jim Cramer's Action Alerts PLUS member club. Would you like to be notified before Jim Cramer buys or sells the stock? Learn more now.

. 5 Qualcomm Inc. (QCOM) told Reuters that the $ 44 billion acquisition of NXP Semiconductors NV (NXPI) will not be revived, a proposal rejected by the White House would be finished.

Following the weekend talks between Donald Trump and Chinese President Xi Jinping, the White House said China was "open to approving the previously unauthorized" deal for Qualcomm to take over NXP should it be re-presented. "Qualcomm resigned to buy NXP in July after failing to obtain approval from the Chinese authorities.

In an email to Reuters, Qualcomm said there was no prospect of a revival of the acquisition.

"While we were grateful to President Trump and President Xi's comments on Qualcomm's prior acquisition of NXP, the deadline for this transaction has expired, ending the proposed deal," a Qualcomm representative emailed Reuters. [19659033]
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