Chewy will debut in public, priced at $ 22 per share: Morning Brief



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WHAT TO LOOK

It's a busy day for market watchers.

Before the kickoff, the US Census Bureau will release retail sales data for May. According to economists surveyed by Bloomberg, basic retail sales are expected to have jumped 0.5%.

<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Meanwhile, the online retailer of animal products Chewy is expected to debut in public, after setting the price of his shares at $ 22 Thursday. Chewy will trade on the New York Stock Exchange under the symbol "CHWY". Data-reactid = "20"> For its part, the online retailer of pet products Chewy is expected to make its debut in public, having evaluated its shares at $ 22 Thursday. Chewy will trade on the New York Stock Exchange under the symbol "CHWY".

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Read more"data-reactid =" 21 "> Learn more

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Bitcoin coin with Facebook logo screen background [Getty]

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Facebook cryptocurrency would have big contributors: Facebook Inc. (FB) has hired more than a dozen companies, including Visa Inc., Mastercard Inc., PayPal Holdings Inc. and Uber Technologies Inc., to support its new cryptocurrency, the Wall Street Journal reported on Thursday. [Reuters]"data-reactid =" 34 ">Facebook cryptocurrency would have big contributors: Facebook Inc. (FB) has recruited more than a dozen companies, including Visa Inc., Mastercard Inc., PayPal Holdings Inc. and Uber Technologies Inc., to support its new cryptocurrency, reported Thursday the Wall Street Journal. [Reuters]

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Iran suspected of attacking oil tankersOil rose for a second day after melting on Thursday after alleged attacks by two oilmen in the Gulf of Oman. Gross Brent (BZ = F) was up 0.3 percent to 61.47 dollars, while the United States claimed that Iran was behind the attacks, fueling fears of a reduction in crude oil one of the busiest shipping routes in the world. [Yahoo Finance UK]"data-reactid =" 35 ">Iran suspected of attacking oil tankersOil rose for a second day after melting on Thursday after alleged attacks by two oilmen in the Gulf of Oman. Brent (BZ = F) rose 0.3% to $ 61.47, while the United States claimed Iran was behind the attacks, fueling fears of a Crude oil flow on one of the busiest shipping routes in the world. [Yahoo Finance UK]

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Chinese factories record the slowest growth since 2002: China's industrial production growth has slowed at its slowest pace since 2002 and investment has slowed, highlighting the obstacles the economy faces in the US tariff war. Industrial production rose 5% over the previous year, while capital investment rose 5.6% in the first five months. [Bloomberg]"data-reactid =" 36 ">Chinese factories record the slowest growth since 2002: China's industrial production growth has slowed at its slowest pace since 2002 and investment has slowed, highlighting the obstacles the economy faces in the US tariff war. Industrial production rose 5% over the previous year, while capital investment rose 5.6% in the first five months. [Bloomberg]

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Jeffrey Gundlach of DoubleLine estimates the risk of recession is 65%: Jeffrey Gundlach, a prominent bond investor, is the CEO of DoubleLine Capital ($ 130 billion) and sees the increasing likelihood of a recession in the next six to 12 months. A few years ago, Gundlach said that he had begun to put forward key indicators of the recession in his webcasts, in order to see if there was potentially one on the horizon. [Yahoo Finance]"data-reactid =" 37 ">Jeffrey Gundlach of DoubleLine estimates the risk of recession is 65%: Jeffrey Gundlach, a prominent bond investor, is the CEO of DoubleLine Capital ($ 130 billion) and sees the increasing likelihood of a recession in the next six to 12 months. A few years ago, Gundlach said that he had begun to put forward key indicators of the recession in his webcasts, in order to see if there was potentially one on the horizon. [Yahoo Finance]

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Broadcom retreats from annual forecast, citing commercial problem: Broadcom Inc. (AVGO) reduced its annual sales forecast, indicating that the trade war between China and the United States would erase the rebound in orders it predicts for the second half of the year. Shares fell 8.7% in prolonged trading. [Bloomberg]"data-reactid =" 38 ">Broadcom retreats from annual forecast, citing commercial problem: Broadcom Inc. (AVGO) lowered its annual sales forecast, saying that the trade war between China and the United States will erase the rebound in orders announced for the second half of the year. Shares fell 8.7% in prolonged trading. [Bloomberg]

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