1. outlets go to Washington: the executive executives of major outlets together with target (, )JCPenney (, )absolute best purchase ( and )gap ( will commute to Capitol Hill on Wednesday. )
they are making the shuttle to lobby in opposition to a “border adjustment tax” proposed by means of congressional Republicans.
retailers are specifically liable to this kind of tax as a result of they sell a high extent of imported items — garments, electronics or normal merchandise — that may be made costlier underneath the concept.
2. Unstoppable shares?: U.S. shares keep hitting fresh record highs.
over the last four trading days, the Dow Jones industrial reasonable, S&P 500 and Nasdaq have persistently climbed to new heights.
U.S. inventory futures are conserving constant on Wednesday. Even a small transfer larger on the open would mean extra data.
European markets are principally positive in early trading.
Asian markets are combined.
the top of the U.S. Federal Reserve — Janet Yellen — might give the markets a direction when she testifies ahead of Congress for a 2d consecutive day beginning at 10 a.m. ET.
On Tuesday, Yellen signaled in her testimony that the following interest rate hike may come as early as March.
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3. stocks to look at — Fortress, well being care, AIG: Shares in asset supervisor Fortress funding team ( are surging in prolonged buying and selling after it agreed to be sold through the japanese agency SoftBank. The deal is value $ three.three billion in cash. )
Shares in Cigna ( and )Anthem ( can be on the move after Cigna mentioned on Tuesday it’s calling off its $ fifty four billion maintain Anthem. )
The announcement came hours after Aetna ( and )Humana ( said they had been calling off their $ 34 billion merger. )
both deals had been centered by means of the Justice department and had been lately blocked through federal judges, citing antitrust considerations.
Shares in American global group ( are losing in prolonged trading as investors react to worse-than-anticipated quarterly outcomes. the corporate pronounced a $ three billion loss on Tuesday. Analysts had been anticipating a revenue. )
four. salary and economics: PepsiCo (, )Groupon ( and )Hilton hotels ( are the main companies reporting revenue before the open Wednesday. )
Cisco methods (, , Tech30)TripAdvisor (, )GoDaddy (, )CBS ( and )Kraft Heinz ( are set to unencumber results after the close. )
On the industrial entrance, the Census Bureau will released retail sales knowledge for January at eight:30 a.m. ET. Economists will need to see if elevated client self assurance translated into more procuring.
moreover, the Bureau of Labor records will unencumber its January inflation report at 8:30 a.m.
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5. Coming this week:
Wednesday – Cisco ( and , Tech30)Kraft Heinz ( revenue )
Thursday – Labor secretary nominee Andrew Puzder has his Senate confirmation hearing; Wendy’s ( cash )
Friday – Campbell Soup ( and )Deere ( salary; )Wells Fargo ( CEO expected to respond to Senate’s letter about its latest controversies )
CNNMoney (London) First published February 15, 2017: 5:33 AM ET
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