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Here is what you need to know.
- It's the day of employment in America. Economists surveyed by Bloomberg predict that May's employment report will show that non-farm payrolls increased by 175,000 and that the unemployment rate remained at 3.6%.
- Beyond Meat crushed his first earnings report as an open company. Shares gained up to 28% pre-market and are up more than 300% since the company's stock market launch in May.
- Elliott Management has agreed to buy Barnes & Noble. The struggling bookseller will be acquired for $ 6.50 per share in a 100% cash transaction valued at approximately $ 476 million, according to a statement.
- Facebook would have started a cryptocurrency system as of this month. Facebook has discussed with dozens of financial institutions and technology companies that will oversee the new cryptocurrency and help fund the program, The Information reported.
- Cloudera dropped 42% for its biggest intraday drop in a record. This decision came at a time when disappointing first-quarter results released by the software company prompted Wall Street to emit acerbic poo and the CEO's departure was announced.
- Tesla's largest institutional investor told us how the company decided to divest itself of a company. Baillie Gifford increased its stake in the electric car builder in the first quarter, following a flood of controversial news.
- The purchase of popular shares of hedge funds and mutual funds has generated supercharged returns, says Goldman Sachs. The firm identified 12 companies that matched the bill.
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A neglected sign of the future of the stock market suggests a difficult path, Morgan Stanley said.. The narrow leadership and apparent divergence between market sectors is exacerbating the overall equity outlook for 2019, according to the company's chief US equity strategist.
- Nissan's policy, miscommunication and "treason" have caused Fiat Chrysler's deal with Renault to fail. The deal has failed in the face of fears from the French government that the Japanese automaker Nissan, Renault's long-time partner, is out of the game and may jeopardize the partnership in the future, according to Bloomberg.
- US equity futures are higher than expected in the employment report. Dow futures gained 71 points, or 0.3%.
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