Chinese officials will be in Washington on Wednesday to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Check out the companies making headlines before the bell:
Best Buy – The electronics retailer reported adjusted quarterly profit of $1.08 per share, 9 cents above estimates, and the company also raised its full-year earnings forecast. However, revenue and comparable store sales did fall below estimates for the most recent quarter.
Abercrombie & Fitch – The apparel retailer lost 48 cents per share for its latest quarter, less than the 53 cents that analysts had projected. Revenue, however, fell short of estimates, and comparable store sales were flat compared to a consensus estimate of up 0.6%.
Dollar General – The discount retailer beat estimates by 17 cents with adjusted quarterly profit of $1.74 per share, while revenue beat estimates as well. Comparable store sales rose 4%, better than the 2.4% increase that analysts had anticipated. The company also raised its full-year sales and profit forecast.
Dollar Tree – The dollar store chain operator fell 5 cents short of consensus with quarterly earnings of 76 cents per share, while revenue beat estimates. Comparable store sales rose 2.4%, beating the Refinitiv consensus estimate of up 1.9%.
Williams-Sonoma – Williams-Sonoma reported adjusted quarterly earnings of 87 cents per share, 3 cents above estimates, with the housewares retailer reporting revenue above projections as well. Comparable store sales were up 6.5%, nearly double the 3.3% consensus estimate of analysts surveyed by Refinitiv. The company also raised its full-year guidance.
Box – Box reported a breakeven quarter on an adjusted basis, compared to analyst expectations of a 2 cents per share loss. The cloud computing company's revenue also beat estimates, but customer retention rates fell and Box kept its full-year earnings outlook unchanged.
PVH – PVH beat estimates by 22 cents with adjusted quarterly earnings of $2.10 per share, with revenue also beating forecasts. However, the company behind clothing brands like Calvin Klein also cut its full-year profit forecast for the second time this year, with results coming under pressure from the U.S.-China trade dispute and unrest in Hong Kong.
Walt Disney – Disney's projections for its Disney+ streaming service may have been too modest, after 43% of households responding to a UBS survey said they intended to subscribe to the service. Disney's own projections have predicted 20% to 30% of households would subscribe by 2024.
Guess – Guess reported adjusted quarterly profit of 38 cents per share, 9 cents above estimates, with the clothing maker's revenue also exceeding Wall Street forecasts. The company credits stronger sales and improved expense management, among other factors.
Ollie's Bargain Outlet – Ollie's fell 11 cents shy of forecasts with adjusted quarterly earnings of 35 cents per share, and the discount retailer's revenue was also short of estimates. Ollie's also lowered its full-year guidance. CEO Mark Butler noted a "tough quarter" with the rapid opening of new stores.
Five Below – The discount retailer beat estimates by 1 cent with quarterly earnings of 51 cents per share, but revenue did fall below analyst forecasts. It also widened the range of its full-year earnings forecast, citing the uncertainty surrounding China tariffs.