These are the stocks posting the largest moves before the bell.Market Insiderread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Corporate executives and money managers have grown increasingly pessimistic about the economy as growth around the world slows.Trader Talk with Bob Pisaniread more
Facebook unveils the Portal TV, a streaming device that comes with a camera and microphones for making video calls via television.Technologyread more
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction increased.Economyread more
Four Wall Street firms downgraded FedEx after the company's poor earnings report.Marketsread more
FedEx says trade around the world is starting to feel the squeeze of increased tariffs.Marketsread more
U.S. stock futures point to a modestly lower Wednesday morning open on Wall Street ahead of what the markets in the afternoon expect to be the Fed's second interest rate cut...Marketsread more
Mortgage applications to purchase a home increased 6% for the week and were a strong 15% higher annually.Real Estateread more
The House subcommittee that oversees consumer product investigations launched its a probe of Juul in June, holding two days of hearings in July. In a letter to Juul sent...Health and Scienceread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
The "Fast Money" traders evaluated the bank stocks as their earnings reports drew closer.
Trader David Seaburg said that the quarterly results from the banks actually don't matter as much as a looming rate hike from the Federal Reserve. He said, if anything, the expectations for the sector are very low right now. Seaburg said he would rather hold onto the bank stocks right now and then take off profits when the Fed raises its benchmark federal funds rate.
Trader Dan Nathan said he's not certain the risk-reward "is really there" in the financials.
Trader Guy Adami thinks U.S. Bancorp is a more stable name in the sector that is still trading near its 52-week high of $44.58. The stock closed at $43.29 on Tuesday.
Long stock: AAPL, BAC, DIS, DISCA, GE, KMI, KMIA, KO, LUX, PEP, PFE, calls: AAL, ABT, AMD, ATVI, BABA, BAC, BHI, BSX, CNX, COP, COTY, CRM, CS, CXW, DAL, DISH, ECA,EL, ETP, GS, GT, HAL, INTC, JBLU, JCP, KBE, KGC, KMI, KO, KR, LLY, LOW, M, MRO, MRVL, MUR, NAV, SBUX, SLV, TMUS, TTS, TV, TWTR, VRX, WFT, WLL and puts: CLF, EEM, MBLY, WFC
Opinions expressed by David Seaburg are solely his own and do not reflect the views and opinions of Cowen Group, Inc. David Seaburg and Cowen have a financial interest in EDIT. Diamond Offshore: an employee of Cowen and Company, LLC serves on the Board of Directors of Diamond Offshore. EXPE, HZNP, VA – Not Approved.
Dan Nathan is long TWTR , long PYPL Oct calls, XHB long Jan put spread, XLU long Dec call Spread, XLK long Jan Put spread, XRT long Jan put spread, PG long Dec put spread, EEM long Nov put spread..
Guy Adami is long CELG, EXAS, GDX, INTC. Adami's wife, Linda Snow, works at Merck.