Here are five things you must know for Monday, August 27th:
1. – Shares Ready for Additional Items
U.S. Stock futures were higher Monday, August 27, after the meeting on Friday 24th. August, which saw both S & P 500
Contracts related to Dow Jones Industrial Average
The dead on Friday closed at 25,790.35, its highest level since the beginning of February. The S & P 500 ended on record 2,874.69 Friday, and Nasdaq rose to close all the time at 7,945.98.
The financial calendar in the US on Monday includes the Chicago Fed National Activity Index for July at 8:30 ET, and the Dallas Fed Manufacturing Survey for August at 1
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2. – Tesla slumps after saying that it will not go private
shares in Tesla Inc. (TSLA) dropped 4.5% in premarket trading Monday after the electric vehicle led by CEO Elon Musk said Friday that would not go privately.
"Over the last few weeks, we have initiated a process led by a special committee of the board to consider a proposal that Elon considered to take Tesla privately. Yesterday we held a board meeting where Elon reported on the work he and his advisors have done in connection with this effort, says a post on the company's website. "Elon conveyed to the board that after doing this work and considering all matters, he believes that the better way is not to continue to conduct a private transaction to take Tesla privately. After discussing this, we solved the Special Committee. The Board and the entire company Continue focusing on securing Tesla's operational success, and we fully support Elon as he continues to lead the company in the future. "
Musk wrote:" I knew that the process of walking privately would be challenging, but it is clear that it would be even more time consuming and distracting than initially expected. This is a problem because we must certainly be focused on ramping Model 3 and be profitable. "
Musk sent Twitter ablaze on August 7 by tweeting that the funding for an agreement to take Tesla Private at $ 420 had been secured. Tesla closed Friday at $ 322.82.
3. – USA and Mexico Close The NAFTA Deal
USA and Mexico were ready to reach a NAFTA agreement – maybe as soon as Monday – after five weeks of talks. The agreement will create an opening for Canada to get back to the discussions.
Significant breakthroughs between Mexico and the United States came the last few days on cars and energy, Bloomberg reported, quoting three people familiar with the process.
The two countries have gone back and forth because Donald Trump had threatened to withdraw from the 24-year trade pact , unless recast. Canada had gone out of negotiations, allegedly to Mexico and the United States agreed on new rules for automatic trade.
The North American Free Trade Agreement came into force under President Clinton in 1994. The agreement between the United States, Canada and Mexico were originally created to help reduce trade costs and strengthen North American trade.
4. – Best Buy, Tiffany and Dicks Report Revenue this Week
The monthly income calendar lacks some big names, but later this week you will see releases from dealers Best Buy Co. (BBY) and Tiffany & Co. (TIF) on Tuesday, August 28, and Dick's Sporting Goods Inc. (DKS) Wednesday 29th of August.
5. Chinese Didi Chuxing Suspends Carpooling Service
The Chinese Knight Giant Didi Chuxing kicked two leaders and will suspend one of his carpooling services nationwide starting Monday after a woman was raped and killed allegedly by a driver in East China, the Company said Sunday.
The movements come as the country's largest online ridesport plan to cope with public complaints that it does not make enough to ensure the safety of the users as it said, book 30 million rides daily, Associated Press reported.