Updated 2 min ago 1:35 p.m. ET, March 4, 2019
Dow plunges nearly 400 points at noon
From CNN Business & # 39; Jordan Valinsky
Dow has deleted his winnings from the past and is down now of almost 400 points.
- Nasdaq is down 80 points or 1%
- S & P 500 is down to 30 points or 1%
It is unclear what draws Dow lower, but these stocks are down significantly : Boeing ( BA) is Nearly 3%
Hawaiian Airlines shares fall after Southwest announces $ 29 flights
From CNN Business & # 39; Jordan Valinsky
Southwest Airlines ( LUV announced that Hawaii's airline service will debut in March, and
Hawaiian Airlines (HA) shares went almost 10% after the mainland rival announced its low-priced introductory schedule so low as $ 29 one way to three Hawaiian cities.
Southwest previously told it to start flights between California and Hawaii, but it also announced two flights between Hawaii on Monday: Honolulu to Kahului and Honolulu to Kona.
These routes are where Hawaiian typically dominates and has little competition.
Winner: WarnerMedia reorganizes to take on Netflix
From CNN Business & # 39; Jordan Valinsky
WarnerMedia announced major changes now that it is officially under AT & T:
- Former NBC Entertainment Chairman Bob Greenblatt is a member of WarnerMedia as chairman of entertainment, which includes the networks HBO, TNT, TBS, truTV and the company's upcoming streaming service.
- CNN Worldwide President Jeff Zucker will add an overview of Turner Sports, Bleacher Report and AT & T's Regional Sports Network.
"Major media companies are trying to challenge Netflix, and today it is WarnerMedia that moves leaders around and brings in Greenblatt to do so," said Chief Media Correspondent Brian Stelter of First Move anchor Julia Chatterley.
Shares of NFLX is up to 34% this year and AT & T (T) is up more than 6%.
Newmont Mining rejec ts Barrick Gold's hostile takeover
From CNN Business & # 39; Jordan Valinsky
Newmont Mining's board has "unanimously decided" not to accept Barrick Gold's hostile takeover attempt.
Newmont CEO Gary Goldberg said it would continue merge with rival Goldcorp instead because it "represents the best opportunity to create value for Newmonts shareholders and deliver industry-leading returns for decades to come."
- ] Barrick proposed a takeover last week for about $ 18 billion [$
- Shares of Newmont Mining (NEM) are down 3%.
Dow opens 115 points higher
From CNN Business David Goldman
The Dow rose 115 points
Dow rose 115 points higher
Monday morning as Wall Street – investors expected a trade agreement between China and the United States. S & P 500 rose 0.4% and Nasdaq was up 0.6% . [19659031] Tesla (TSLA) shares rose 1% after the company announced it would reveal model Y later this month.- Office Depot (ODP) shares were up 4% in early trading after announcing a "strategic partnership" with Alibaba.
- Shares of Children & # 39; s Place (PLCE) are down 10% after a dismal performance report.
Office Depot partners with Alibaba.com
From CNN Business & # 39; Jordan Valinsky
shares in Office Depot (ODP) increased as much as 6% in early trading after it announced a strategic partnership with Alibaba.com.
The reseller and Chinese technology company have opened a new online store to help small and medium-sized businesses in the United States sell their products online to Alibaba's global network.
Office Depot CEO Gerry Smith said the partnership will help the business give them "an expanded set of products and services" to help them grow.
Alibaba (BABA) shares are up.
Child Seat Thoughts by Earnings
From CNN Business & # 39; Jordan Valinsky
Shares for Children & # 39; s Place (PLCE) are ] down nearly 10% in Early Trading after a dismal earnings report:
The children's dealer had a rough fourth quarter and missed the analyst's sales estimate. It also predicts a weak year ahead. Children & # 39; s Place has also formally announced that it buys restless rival Gymboree.
CEO Jane Elfers said the company is "challenged by a very late Easter" and the acquisition:
The United States and China are approaching massive trade agreement
From CNN Business & # 39; Rishi Iyengar
Stocks of China and Asia spiked after reports that President Donald Trump and his Chinese counterpart Xi Jinping soon could make an agreement to end an annual trade war. [19659025] The United States and China are in the final stages of negotiations for an agreement where China will reduce tariffs on a number of US goods if the Trump administration removes wide trade sanctions against Beijing, according to a wall Street Jour
Trump and Xi could now reach a formal agreement on a potential meeting on around March 27.
Here is a control of the Asian markets:
- The Shanghai Composite index rose by 3% Monday morning to reach its highest level in nine months.
- Hong Kong's Hang Seng index rose 1.5%. Both indices up some of the gains later in the day 1.
- Japan's Nikkei, meanwhile, closed about 1% higher.
Tesla Model Y gets a start date
From CNN Business & Rishi Iyengar
- Tesla ( TSLA) Will reveal his latest vehicle, model Y, in Los Angeles, March 14.
- CEO Elon Musk said on Twitter that electric SUV will cost about 10% more than Tesla's cheapest vehicle, the model
- Stocks are up more than 1% in premarket trading .
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