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Wall Street Breakfast: Stocks move near record highs



Trump wants cheap oil, Saudis need higher prices

Crude futures fell 0.7% to $ 62.87 / barrel overnight and extended the collapse from Friday, which ended weeks ago After President Trump called on OPEC to increase production to mitigate the impact of US sanctions on Iran. Supply cuts were supported by some non-OPEC producers, notably Russia. However, the analysts said that this collaboration may not go beyond a June OPEC + gathering. The meeting is hampered by new data from the IMF showing that Saudi Arabia needs to spend around $ 85 a barrel this year to balance its budget, compared to a forecast of $ 73 in September.

Boeing boss wants Boeing 737 Max comeback

Boeing (NYSE: BA) CEO Dennis Muilenburg will hold its first press conference since the world-wide grounding of the 737 MAX, which has led to investigations, lawsuits and a sharp loss of corporate value. The event will kick off at 1

0:00 EDT after the annual Planemakers meeting in Chicago. While the weekend's reports indicated that the pilots had warned the draft of the 737 MAX training proposals and had not gone far enough to dispel their concerns, the FAA could clear the plane for the end of May or the first half of June.

"Endgame" is the highest – a huge movie of all time?

Avengers: Endgame is the first movie to make more than $ 1 billion on its debut at the global box office, stamping a dominant Marvel franchise with a pen in Disney's cap (NYSE: DIS). Fueled by record sales in the US and China, the film received an estimated $ 1.2 billion in the first five days of its release. An estimated $ 350 million of this sum came from the US and Canada, an amount that exceeded the previous record of Avengers: Infinity War by approximately $ 92 million.

What to See – Alphabet Revenues

Google's latest numbers (Alphabet, Google) are due to close Wall Street this evening. The EPS estimate for the consensus is $ 10.17 (+ 2.4% y / y), while revenue is expected to be $ 37.36 billion (+ 19.9% ​​y / y). YouTube is likely to continue to be a financial black box, but Amazon (NASDAQ: AMZN) may bitch Google's dominance of digital advertising on Google. For cloud-computing (AWS), voice-activated devices (Alexa), and about 54% of searchers, search now starts directly at Amazon.com.

Walmart Teases One-Day Free Shipping

Walmart (NYSE: WMT) has sparked the recent blow in the wholesale retail delivery war. "One day of free shipping … with no membership fee, it's going to be groundbreaking, stay tuned," the retail giant tweeted just before the weekend. The Tease follows Amazon's announcement (AMZN) during its earnings announcement that it intends to introduce one-day prime delivery this year through a likely high level of investment in the company's in-house delivery infrastructure.

It's getting hot The Permian Basin

The Board of Directors of Anadarko (NYSE: APC) has decided that the cash-and-stock offering from Occidental Petroleum (NYSE: OXY) is worth $ 38 billion could lead to a deal similar to that of Chevron (NYSE: CVX), reports Reuters. The E & P company will now begin negotiations to see if it can make a deal, despite the $ 1 billion dissolution fee. The acquisition would increase Occidental's holdings in the Permian Basin by nearly a quarter of a million acres while doubling global oil and gas production to 1.4 million barrels of oil equivalent per day.

Bayer Board of Management supports for now

The vote of no confidence of Bayer (OTCPK: BAYRY) remains with CEO Werner Baumann as two of the largest investors of the drug manufacturer – Deka and Union Investment – that the management must remain for the time being at the head of the Supervisory Board to avoid further upheavals. "A hasty replacement of the CEO would only increase the risk of liquidation and therefore can not be in the interest of long-term oriented investors." Shares of Bayer fell by about 36% in the past year as the company faced a series of lawsuits claiming that Roundup – the weed killer caused by the acquisition of Monsanto at the age of 63 Billions of dollars was acquired – can cause cancer.

focus

For the third time in four years, the Spaniards have elected a new government, and although Prime Minister Pedro Sanchez will most likely remain in office, the question is how to get there. While a pact with the Liberals of Ciudadanos is considered positive for investors, partnering with the anti-austerity party Podemos and Catalan's Independence Partners is a less market-friendly option. Spain's Ibex 35 has grown by only by 11% this year, making it one of Europe's worst performers.

The Strong Upswing for Belt and Road Initiative

President Xi Jinping raised a glass to his foreign signature policy project at a Belt and Road conference in Beijing on Saturday, at the "Open, Clean and Environmentally Friendly" infrastructure agreement more than 64 billion dollars were announced. In a separate statement, China said it had signed an agreement with several countries, including Italy, Peru, Barbados, Luxembourg, Peru and Jamaica. The data from Refinitiv show the total value of projects in the New Silk Road at 3.67 tonnes, spanning countries in Asia, Europe, Africa, Oceania and South America.


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