As the 10-year Treasury yield edges ever closer to 3%, stocks are mixed to start the week


U.S. stock futures were mixed this morning as the yield on the 10-year Treasury hit new 16-month highs, on the verge of exceeding the psychologically key level of 3 percent. The Dow on Monday is trying to avoid its first four-session losing streak since February 27 through March 2. (CNBC)

* Trump stock market looks a lot like Reagan's, and that may not be a good thing (CNBC)

Shares of Dow component Apple (AAPL) were stable this morning after their three-session slide of more than 7 percent. Last week, there were rumblings that Apple is going to kill the iPhone X this year. However, Apple seems to be telling a different story. (CNBC)

* Apple offers replacement batteries for some 13-inch MacBook Pro laptops (The Verge)

Today's big numbers include existing home sales at 10 a.m. ET from the National Association of Realtors and quarterly earnings from Google-parent Alphabet (GOOGL) after this afternoon's closing bell on Wall Street. (CNBC)

Shares of Hasbro (HAS) were losing about 3 percent in premarket trading after the toymaker missed estimates by a wide margin on both quarterly earnings and revenue. Hasbro
blamed the liquidation of Toys 'R' Us and unsold inventory in Europe. (Reuters)


President Donald Trump is expected to urge North Korea to act quickly to dismantle its nuclear arsenal when he meets Kim Jong Un. Trump is unwilling to grant Pyongyang substantial sanctions relief in return for a freeze of nuclear and missile tests. (WSJ)

President Trump welcomes French President Emmanuel Macron to the White House today to kick off a three-day state visit that's expected to be dominated by U.S.-European differences on the Iran nuclear deal and trade. (Reuters)

* Mexico fully expects to reach a consensus on NAFTA trade deal (CNBC)

CIA Director Mike Pompeo starts off a crucial week in his journey to Senate confirmation as secretary of state. He faces a committee vote today that's likely to be unfavorable, and a razor-thin margin of support in the full Senate. (NBC News)

Nine months before the police said he opened fire with an AR-15 rifle at a Nashville restaurant, killing four, Travis Reinking was arrested in Washington after saying he wanted to talk to the president. Reinking remained at large as of last night. (NY Times)

A Belgian judge today sentenced Salah Abdeslam, the prime surviving suspect in the 2015 Islamic State attacks on Paris, to 20 years in prison over a shootout with police in Brussels in 2016. (Reuters)

Southwest Airlines (LUV) canceled about 40 flights on Sunday to inspect engines like the one that exploded on Flight 1380 last Tuesday after a fan blade broke off. The blast shattered a window, killing a passenger, in the first U.S. passenger airline fatality since 2009. (Reuters)

Health-care products distributor Henry Schein (HSIC) is spinning off its animal health business and merging it with privately held Vets First Choice to form a new company called Vets First Corporation. Henry Schein anticipates receiving up to $1.25 billion from the deal. (CNBC)

Tencent Music Entertainment Group, China's largest music-streaming company, is preparing what would be one of the biggest technology IPOs ever following the successful debut of its European counterpart, Spotify (SPOT), earlier this month. (WSJ)

In 2005, YouTube uploaded its first video clip, "Me at the Zoo," which showed co-founder Jawed Karim standing in front of an elephant enclosure at the San Diego Zoo. Google brough YouTube about a year later for $1.65 billion. (AP)

Kate Middleton, wife of Prince William, was admitted to hospital today to give birth to the couple's third child. The new royal will be fifth-in-line to the British throne. William's younger brother Harry, who marries U.S. actress Meghan Markle next month, drops to sixth. (Reuters)

Over the weekend, when former presidents, their wives, and current first lady Melania Trump gathered to say goodbye to the former first lady Barbara Bush, they were photographed together. (Yahoo)


Fresenius (FMS) pulled out its $4.75 billion deal to buy U.S. generic drug-maker Akorn (AKRX), saying it had found "material breaches" of FDA data integrity requirements at Akorn, which disputes those claims. Akorn shares were losing about 30 percent in the premarket.

Ford Motor (F) said it's bidding out some of the advertising currently managed by WPP (WPP). The move follows the departure of longtime WPP CEO Martin Sorrell last week. However, Ford had been reviewing its overall ad strategy since last November.

The South Korean unit of General Motors (GM) reached a tentative wage agreement with its labor union, in a move that would likely avoid bankruptcy. GM Korea's board has canceled a vote on filing for bankruptcy protection.


Word-of-mouth horror sensation "A Quiet Place" edged Dwayne Johnson's monster movie "Rampage" to win the weekend box office with $22 million in ticket sales. With just a $17 million production budget, "A Quiet Place" has grossed $132 million in North America over three weeks. (WSJ)