Premarket: What you need to know before the clock

admin April 11, 2019

8 2 minutes read

Premarket: What you need to know before the clock

The entertainment giant is expected to show off his Disney + streaming service on the investor's day on Thursday. It is Disney's answer to the challenge of Netflix ( NFLX ) as well as technical giants such as Amazon ( AMZN ) and Google ( GOOGL ) .

Purchase Fox ( FOX ) threat. The deal strengthened what was already the entertainment industry's most enviable selection of brands, with Fox's National Geographic among the announced Disney + items.

If properties with keen fans base themselves as part of a subscription-driven service, the industry's consensus is that nobody can match the arsenal that Disney possesses.

Nevertheless, there is no success with such a startup project.

2. Uber IPO: Uber is expected to enter paperwork as soon as Thursday into what is probably one of the largest public offerings ever for a technology company.

IPO fights Uber's quick and very public effort to overtake its internal culture and move past a long list of scandals that experienced the company.

Uber still faces problems: The company lost $ 1[ads1].8 billion in 2018, an outstanding sum for a company that will be public.

Lift ( LIFT ) his chief American rival, gained market share among Ubers stumbler. However, the Lyft shares fell almost 11% on Wednesday following media reports on the Uber IPO, and are now trading more than 16% below the IPO price.

3. Brexit Delayed (Again): The European Union has given Britain a six-month delay to Brexit with the opportunity to leave earlier if the UK Parliament can agree on an agreement.

The British pound was flat Thursday, as the news of the delay did not come as a big surprise.

Businesses and investors will be relieved that the United Kingdom has now been avoiding crashing out of the EU without an agreement. But the delay will prolong the uncertainty that has already damaged the UK economy.

"The situation remains unpleasant and potentially unstable," says CEO Holger Schmieding at Berenberg bank.

4. Global market overview: US stock futures pointed lower. The European markets were opened mixed after an uneven trade in Asia.

On Wednesday, Wall Street was largely minutes from last month's Federal Reserve meeting, which showed that the US central bank acknowledged the threat of global growth dampening and did not anticipate an interest rate hike this year. Dow Jones industrial average closed flat. S & P 500 increased 0.4% and Nasdaq gained 0.7%.

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5. Earnings and finances: Rite Aid ( RAD ) will release earnings before the opening.

On Thursday, the International Energy Agency said that OPEC's crude oil production fell to 30.1 million barrels per day in March, about 3.3 million barrels a day below the cartel's sustainable capacity. Lower supply, due to intentional cuts and sanctions, has helped US oil prices rise by 50% to $ 64 a barrel from $ 42.53 on Christmas Eve.

6. Comes this week:
Thursday – Rite Aid ( RAD ) earnings; Disney

( DIS ) investor day; WFC ) ) and WFC ) [19659000] earnings; China export data

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