Experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China.Traderead more
After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Markets pay particular attention to Italy's spending, given its public debt pile. This stands at above 130% of its growth rate, one of the highest in the world.Politicsread more
Flight bookings to Hong Kong have fallen 10%, hit by the unrest in the city, said Alan Joyce, the chief executive of Australian carrier Qantas Airways.Airlinesread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread more
Check out the companies making headlines midday Friday:
Foot Locker — Shares of Foot Locker were down 16% after the shoe retailer reported adjusted quarterly earnings per share that were 7 cents below expectations. Sales also came in below forecasts, and an increase in same-store sales of 4.6% missed estimates of analysts polled by Refinitiv.
Autodesk — Autodesk dropped more than 4% after missing on the top and bottom lines of its first-quarter results. Autodesk posted earnings per share of 45 cents on revenue of $736 million. Analysts expected earnings per share of 47 cents on revenue of $740 million, per Refinitiv. Autodesk gave second-quarter revenue and earnings per share guidance in line with estimates.
Hewlett Packard Enterprise — Shares of HP Enterprise rose 0.5% after reporting better-than-expected second-quarter earnings. The information technology company posted earnings per share of 42 cents. Wall Street expected earnings per share of 37 cents, according to Refinitiv.
Ross Stores — Ross Stores fell 1.8% on a disappointing quarterly outlook. For the second quarter, the retailer estimates earnings per share between $1.06 and $1.11, compared to Refinitiv's estimate of $1.14. The weak guidance overshadowed strong first-quarter earnings. Ross earned $1.13 per share on revenue of $3.80 billion. Analysts polled by Refinitiv expected the company to report a profit of $1.12 per share on sales of $3.79 billion.
Intuit — The TurboTax parent's stock rose more than 6% after the company raised its fiscal full-year outlook. Intuit said it expects fiscal 2019 earnings to range between $6.67 per share and $6.69 per share. That's above a Refinitiv forecast of $6.55.
Splunk — Shares of the software company dropped more than 7% as analysts raised concerns over the company's free-cash-flow outlook. The company lowered its free-cash-flow estimate for fiscal 2020 to $250 million from $350 million. That negated stronger-than-forecast quarterly results.
Amazon — Amazon shares climbed 0.4% after an analyst at Piper Jaffray said the e-commerce giant's stock could reach $3,000 in two years. The analyst wrote in a note that "we have a high degree of confidence that AMZN shares can reach this level with no major acquisitions or other significant changes to the business."
—CNBC's Maggie Fitzgerald and Tom Franck contributed to this report.