Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Check out the companies making headlines midday Thursday:
Facebook — Shares of the social media giant jumped more than 5.5% after the company reported better-than-expected revenue for the first quarter. Facebook said monthly active users — a key metric for the company — topped expectations at 2.38 billion.
3M — The Dow Jones Industrial Average component fell 13% after its quarterly earnings and revenue missed analyst estimates. 3M reported adjusted earnings of $2.23 per share on revenue of $7.863 billion. Analysts polled by Refinitiv expected a profit of $2.49 per share on sales of $8.025 billion. The company also cut its guidance for 2019 and announced layoffs for 2,000 workers.
American Express — American Express shares rose 1.6% after an analyst at Morgan Stanley upgraded it to overweight from equal-weight. The analyst cited strong revenue growth moving forward for the upgrade.
United Parcel Service — Shares of the shipping giant dropped 8.1% after missing its earnings and revenue missed Wall Street forecasts. Snowstorms and heavy flooding in the Midwest disrupted operations last quarter, and UPS said it incurred roughly $80 million in extra costs to deal with those severe weather conditions.
Southwest Airlines — The airline's shares rose 0.8% after the company's quarterly results beat analyst expectations despite taking a hit from the prolonged grounding of Boeing's 737 Max jets. The grounding, coupled with the impacts of the U.S. government shutdown, forced Southwest to cancel more than 10,000 flights last quarter.
Comcast — Comcast shares climbed 2.6% after reporting first-quarter earnings that surpassed expectations. The media company reported adjusted earnings per share of 76 cents versus 68 cents expected in a Refinitiv survey. CNBC also reported, citing sources, that Comcast is in talks with Disney to sell its 30% stake in Hulu.
Tesla — Tesla shares fell 4.3% after posting disappointing first-quarter results. The automotive company reported a loss of $2.90 on revenue of $4.54 billion. Refinitiv estimates expected a loss of 69 cents on revenue of $5.19 billion. The company noted weakening demand for electric vehicles.
Microsoft — The tech giant's stock climbed 3.3% on the back of stronger-than-forecast quarterly numbers. Microsoft reported earnings per share of $1.14 on revenue of $30.6 billion. Analysts polled by Refinitiv expected a profit of $1 per share on sales of $29.84 billion. The company's results were driven by a strong performance in its cloud computing business, which saw sales grow by 41%.
Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC.