Monday August 10, 2020 Trading Desk: (312) 236-8907
TODAY’S GAME PLAN:from the trading desk, this is not research
DATA/HEADLINES: 10:00ET JOLTS job openings
- Mass riots and shootings in downtown Chicago overnight, shots fired at police
- In response to the U.S.’s wrong behaviors, China has decided to impose sanctions on those individuals who behaved badly on Hong Kong-related issues
- UK says getting children back to school is a national priority
- Chinese air force jets briefly crossed the mid-line of the Taiwan Strait on Monday and were tracked by Taiwanese missiles
- Lawmakers from both sides of the aisle criticized the four executive actions announced by President Trump on Saturday that would defer payroll tax and continue expanded unemployment benefits.
- SWAT officers at Grand/Rush in Chicago – looters in many areas casually stealing from stores
Futures contracts on three major U.S. stock indexes edged up even after a sign of escalating tensions between the world’s two largest economies. U.S. equity futures were little changed after China said it would sanction American officials in retaliation over Hong Kong. China’s Foreign Ministry announced it would sanction 11 Americans, including Senators Marco Rubio and Ted Cruz, in a tit-for-tat response to the U.S. for sanctioning Chinese officials and their allies in Hong Kong. The sanctions came ahead of a Taiwan visit on Monday by U.S. Health Secretary Alex Azar, the highest-level U.S. official to visit the island in four decades.
reporting earnings include Duke Energy, Barrick Gold, International Flavors, Marriott Intl, Occidental, PPL, Royal Caribbean, Simon Property
E-Mini S&P is up 0.1%, Nasdaq flat, Russell 2000 futures +0.3%, Dow futures +0.35%.