The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
Investors bought bank stocks because there's a chance the Federal Reserve's interest rate cut may "put an end to this artificially inverted yield curve," Jim Cramer says.Mad Money with Jim Cramerread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
Tesla sales in China should hit around 6,400 vehicles this quarter, but the Shanghai factory won't be able to manufacture Model 3s in volume until mid-2020, according to JL...Technologyread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
Microsoft shares rose 1% after hours as it announced plans to raise its dividend and authorized as much as $40 billion to buy back shares.Technologyread more
Check out the companies making headlines before the bell:
Delta Air Lines — The airline reported adjusted quarterly profit of 96 cents per share, 6 cents a share above estimates. Revenue also topped forecasts and the company said it planned to keep capacity stable during the summer travel season.
Levi Strauss — Levi Strauss reported quarterly profit of 37 cents per share and revenue of $1.44 billion in its first quarterly report since its March initial public offering. Revenue was up 7% compared to the year-ago quarter.
Procter & Gamble — P&G raised its quarterly dividend by 4% to 75 cents per share, marking the 63rd consecutive year that the consumer products giant has increased its quarterly payout.
Walt Disney — BMO Capital upgraded Disney to "outperform" from "market perform," seeing a number of positive catalysts on the near-term horizon. Among them: Thursday's planned investor day, Star Wars-themed areas opening this summer in Disney parks, and the launch of the Disney+ streaming service.
Netflix — Netflix is in talks to buy Hollywood's Egyptian Theater, according to the Los Angeles Times. The venue is best known for hosting special screenings and events, and some see the talks as Netflix's attempt to endear itself to the more traditional side of the movie industry.
JetBlue — JetBlue may announce as early as today that it will begin transatlantic service. The airline called an "all hands" meeting with staff at JFK Airport in New York as well as viewing parties at some of its main hubs, according to a company invitation obtained by CNBC. Separately, JetBlue said it now expected revenue per available seat mile to drop 3.1 percent this quarter, compared to a prior projected drop of 1.5 percent to 3.5 percent. The airline said the change was due to the negative impact of a higher "completion factor," the percentage of scheduled flights that are completed and not canceled.
AT&T — AT&T is exploring the sale of its HBO Europe unit in order to pay down debt, according to a report in the Financial Times. The report said Sky, which is owned by NBCUniversal and CNBC parent Comcast, would be an "obvious buyer."
PG&E — A bankruptcy judge has deferred a ruling on whether the California utility can pay up to $350 million in bonuses to 10,000 employees. The judge said he wanted more details on the company's plans to prevent future California wildfires.
Boeing — Boeing was accused of defrauding shareholders by concealing safety deficiencies in its 737 Max jets before the two fatal crashes that led to their grounding. The accusations came in a proposed class action suit filed in Chicago.
Foot Locker — Citi downgraded the athletic footwear and apparel retailer to "neutral" from "buy," acknowledging its strong finish to 2018 but expressing concerns about Nike's direct-to-consumer ambitions among other factors.
Nordstrom — The retailer's stock was upgraded to "overweight" from "sector weight" at KeyBanc, with the firm citing several factors including valuation, and a view that demand weakness is "transient."
Novartis — Novartis was downgraded to "underweight" from "equal-weight" at Morgan Stanley, which said the drug maker faces challenges in its pharmaceutical business following its spin-off of eye care unit Alcon.
JD.com — The company denied reports that it plans to cut up to eight percent of Its workforce. The Information had reported plans for the China e-commerce company to cut up to 12,000 jobs.
WD-40 — WD-40 reported quarterly profit of $1.14 per share, beating estimates by 2 cents a share. The lubricant maker's revenue came in short of Wall Street forecasts.