IN THE NEWS TODAY
President Donald Trump is expected to announce soon that he will decertify the landmark international deal to curb Iran's nuclear program, a senior administration official told Reuters, in a step that potentially could cause the 2015 accord to unravel.
The International Campaign to Abolish Nuclear Weapons (ICAN) won the Nobel Peace Prize today, as the Norwegian Nobel Committee warned the risk of a nuclear conflict is greater than for a long time. (Reuters)
Trump cryptically suggested that a meeting with senior military leaders was "the calm before the storm." Asked what he meant by a "storm," the president replied, "you'll find out," giving no hint at what he could be referencing. (CNBC)
President Trump resumes his push for tax cuts today with an Oval Office meeting designed to highlight the manufacturing industry, including in the state of a vulnerable incumbent Democratic senator, Joe Manchin of West Virginia. (USA Today)
White House officials reportedly believe Chief of Staff John Kelly's personal cell phone was compromised, and the breach could have happened as long ago as December. It's unclear what, if any, data may have been accessed. (Politico)
A former British spy who compiled a dossier with allegations that Russia helped Trump in the 2016 presidential election has reportedly met with investigators working for the special counsel on the case. (Reuters)
The National Rifle Association backed "additional regulations" on devices that boost semi-automatic weapons' firing rates, like the tools used by the shooter in the Las Vegas massacre. The group stopped short of pushing Congress to pass a bill banning or regulating the devices. (CNBC)
Tropical Storm Nate roared toward Mexico's Yucatan Peninsula after drenching Central America in rain that was blamed for at least 22 deaths, and forecasters said it could reach the U.S. Gulf Coast as a hurricane over the weekend. (AP)
*Storm relief strains US military as new report gives sober look at readiness (CNBC)
*Lin-Manuel Miranda gathers artists for storm relief (NY Times)
A new case of Apple's new iPhone popping open due to a swollen battery has been reported in state media in China, the world's biggest smartphone market where the tech giant (AAPL) is seeking to revive faltering sales. (Reuters)
*Hundreds of new emojis are coming to your iPhone soon (CNBC)
For nearly three decades Hollywood film producer Harvey Weinstein has faced allegations of sexual harassment and unwanted physical contact, The New York Times reports. Weinstein has reached at least eight settlements, according to the report.
The financial services firms that introduced the "Fearless Girl" statue will reportedly pay $5 million to settle federal allegations that female executives were paid less than men in the same positions. (Washington Post)
STOCKS TO WATCH
Costco (COST) reported a quarterly profit of $2.08 per share, 6 cents above estimates, while revenue also beat forecasts. However, the stock is being pressured by a drop in profit margins, sparking concerns about an escalating grocery price war.
Yum China (YUMC) fell 4 cents shy of estimates with adjusted quarterly profit of 52 cents per share, though the China-based restaurant operator did see revenue and comparable store sales come in above forecasts. The gain in comps were led by improvement at the company's KFC restaurants.
Walt Disney (DIS) and cable operator Altice (ATUS) finalized their distribution that will keep Disney and ABC cable networks as well as ESPN on Altice's systems. The two sides had announced a tentative agreement earlier this week.
Citigroup (C) is mulling the idea of a China-based cash equities business as well as expanded coverage of Chinese stocks, according to a Reuters interview with a Citi executive.
Johnson & Johnson (JNJ) and its partner Bayer halted a phase three study of its clot prevention drug Xarelto for use in preventing stroke and embolism in certain patients. The study showed no improvement compared to patients treated with low-dose aspirin.
HP's (HPQ) $1.1 billion deal to buy Samsung's printer business was approved by China regulators, with some restrictions. Regulators say HP cannot buy stakes in certain other printer manufacturers in China as well as imposing other limitations. HP expects the acquisition to close before the end of the year.
The United States men's national soccer team is about to play two of its most important World Cup-qualifying games ever, the first of which is tonight in Orlando against Panama. The U.S. has qualified for the once-every-four-years tournament since 1990. (CNBC)