Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
Check out the companies making headlines before the bell:
Southwest Airlines – The airline raised its full-year revenue for revenue per available seat mile, owing to what it calls "solid" demand. The airline said fuel efficiency is down, however, due to the grounding of its 737 Max jet fleet. Southwest also extended cancellations of flights involving the 737 Max through September 2.
Winnebago – The recreational vehicle maker reported earnings of $1.14 per share, compared to a consensus estimate of 99 cents a share. The bottom line was helped by 10 cents per share in one-time positive items, including a more favorable tax rate and a change in estimates related to research and development credits. Revenue missed estimates, but improved profit margins helped mitigate the bottom line impact.
Adobe – Adobe reported adjusted quarterly profit of $1.83 per share, 5 cents a share above estimates. The software maker's revenue also topped Wall Street forecasts. The company's results were helped by growth in its Creative Suite business, as well as its digital media offerings. Adobe gave lower-than-expected current-quarter guidance.
American Express – Bank of America/Merrill Lynch reinstated coverage of the financial services company with a "buy" rating, noting the company's strong brand and several positive factors including card fee increases and portfolio growth.
Alphabet – Alphabet was urged by shareholder activists to break itself up before regulators force the Google parent to do so. Shareholder group SumOfUs plans to make an official proposal at Alphabet's annual meeting today – one of a record 13 shareholder proposals. It's unlikely any of the proposals will pass.
Apple – Apple is considering moving up to 30% of its China-based manufacturing out of the country, according to a report in Japan's Nikkei news service. Apple would reportedly move ahead with such a plan even if the U.S. and China come to an agreement on trade.
Mattel – MGA Entertainment has abandoned its second attempt to buy its rival toymaker, according to a statement made by MGA CEO Isaac Larian to the Los Angeles Times. Mattel had rejected the Bratz doll maker's latest bid, and Larian said it was in the best interests of his company not to move forward with a Mattel offer.
La-Z-Boy – La-Z-Boy earned an adjusted 64 cents per share for its latest quarter, matching Street forecasts, while the furniture maker's revenue was short of estimates. The revenue shortfall was largely due to soft demand in its wholesale segments. It also said additional US tariffs on China imports would likely force it to raise prices because of higher raw material costs.
Jabil – Jabil matched Street forecasts with adjusted quarterly profit of 57 cents per share, while the contract electronics manufacturer's revenue beat Street forecasts. Apple is Jabil's biggest customer.
NCR – Private-equity firms who had been interested in buying the ATM and barcode scanner maker have walked away without striking a deal, according to the New York Post.