Morning Brief

The global cyberattack is generally being ignored by Wall Street

Key Points


U.S. stock futures were higher this morning as the market seems to be shrugging off the global WannaCry ransomware attack that started on Friday. While trading in a narrow range, the Dow and S&P 500 broke three-week winning streaks. The Nasdaq, however, logged a fourth week of gains. (CNBC)

Oil was surging more than 2 percent this morning barrel after Saudi Arabia and Russia said an OPEC-led supply cut agreement should be extended for nine months, until March 2018. (Reuters)

This week's economic reports begin with the New York Fed's manufacturing index for May at 8:30 a.m. ET. The National Association of Home Builders issues its monthly sentiment index for May at 10 a.m. ET.

The godfather of technical analysis said one classic stock market theory predicts a sell-off of as much as 15 to 20 percent before another rally takes hold. (CNBC Trading Nation)


The WannaCry attack has crippled an estimated 200,000 computers in at least 150 countries since Friday. Cybersecurity experts said it could get worse as businesses start a new week. (CNBC & NBC News)

The WannaCry hackers who asked for ransoms in bitcoin have only made around $50,000, an industry source told CNBC, despite the large scale of the attack.

Microsoft (MSFT) is criticizing the government for stockpiling secret hacks. WannaCry, stolen from the U.S. government, uses a Windows vulnerability first discovered and exploited by the NSA. (CNBC)

To help protect themselves, authorities in the U.S. are advising individuals and businesses to update their antivirus software and to back-up data in case their computers get held for ransom. (CNBC)

President Donald Trump ordered his homeland security advisor to hold an emergency meeting Friday night to assess the threat posed by the WannaCry attack. (Reuters)

In the latest provocation of the U.S., North Korea on Monday boasted of a successful weekend launch of a new type of "medium long-range" ballistic rocket that can carry a heavy nuclear warhead. (NBC News)

A second federal appeals court is set to hear arguments today over Trump's temporary travel ban on people entering the United States from six Muslim-majority countries. (Reuters)

Just 29 percent of Americans approved of the president's firing of FBI Director James Comey, 38 percent disapproved, and about a third were undecided, according to a new NBC News/Wall Street Journal poll.

As the race to bring self-driving vehicles to the public intensifies, two of Silicon Valley's most prominent players are teaming up: Google's Waymo and ride-hailing service Lyft. (NY Times)

On the 20th anniversary of Amazon's IPO today, the market value of the e-commerce and cloud computing giant before Monday's open was $459 billion, about two Wal-Marts. (Recode)


Cybersecurity stocks Symantec (SYMC), Palo Alto Networks (PANW), and FireEye (FEYE) were higher in premarket trading as as the WannaCry ransomware spreads throughout the world.

Some of United (UAL) cockpit-door security codes were inadvertently posted on a public website, but an Air Line Pilots Association official told Dow Jones that the problem had been fixed.

Western Digital (WDC) is taking legal action to prevent Toshiba from selling its chip unit without its consent. The disk drive maker claims a sale would violate the terms of a joint manufacturing agreement between the two.

Apple (AAPL) bought artificial intelligence startup Lattice Data for about $200 million, according to multiple reports.

GlaxoSmithKline (GSK) reportedly plans to buy out partner Novartis, which currently owns 36.5 percent of the company's consumer health care division. The Sunday Times reports that the deal could be worth $10 billion.

Toyota (TM) and Honda (HMC) have retained their No. 1 and No. 2 rankings, respectively, in a yearly survey of relationships with suppliers. The closely-watched industry survey saw General Motors (GM) jump past Nissan into third place.


"Guardians of the Galaxy Vol. 2" continued to reign at the box office, with $63 million in North America this weekend. Since its debut two weeks ago, the sequel earned $246.2 million domestically and double that worldwide. (AP)