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Here are five things to know for Thursday, September 20th:
1. – Equity futures move towards a flat start for Wall Street
US futures markets proposed a mostly flat start for Wall Street on Thursday, Sept. 20, as investors assessed the risk landscape as rising bond yields and rising crude prices rose.
Contracts related to the Dow Jones Industrial Average
World oil prices rose for three consecutive sessions with crude West Texas Intermediate, the benchmark US, exceeding $ 71 a barrel and approaching $ 80 for Brent, the European index, after stocks three and a half years.
Early Thursday, WTI crude was up 0.6% to 71.54 dollars a barrel.
The economic calendar in the US this Thursday includes jobless claims at 8:30 am (Eastern time), the Philadelphia business outlook survey in September at 8:30 am and existing home sales in August at 10 am
The earnings reports are expected Thursday from Micron Technology Inc. (MU) and Darden Restaurants Inc. (DRI).
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2. – Amazon plans massive expansion of non-cash stores
Amazon.com Inc. (AMZN) is planning an aggressive plan to open up to 3,000 new AmazonGo no-till stores in the coming years, Bloomberg reported, citing people familiar with the material.
According to the report, the online retail giant plans to create about 10 sites by the end of 2018, about 50 sites in major metropolitan areas in 2019, and then 3,000 by 2021.
The company opened its first cashless store near its headquarters in Seattle in 2016 and has since opened two additional stores in Seattle and one in Chicago.
CEO, Jeff Bezos, continues to experiment with the best format, a person told Bloomberg.
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3. – Blue Origin will take people into space
Speaking to Jeff Bezos, Amazon's CEO said he would invest "just over a billion dollars" next year in Blue Origin's New Glenn rocket program. Bezos also said that Blue Origin, his space launch company, would transport people into space "this year."
Bezos made his remarks during a speech at Air Force Association's Air, Space and Cyber Conference in National Harbor, Maryland.
Bezos said that a "big team" was working on rocket development, reported the Los Angeles Times. Blue Origin said the rocket would be available in two- and three-story versions, and has already registered several commercial satellite launch orders.
In terms of space tourism, Blue Origin plans to generate revenue with its New Shepard launcher and crew capsule. "We will put people in space this year," said Bezos.
4. – Tilray takes investors on a wild trip
Tilray Inc. (TLRY) fell 5.1% on Thursday after closing with a gain of more than 38% on Wednesday after an interview with the CEO of the cannabis company with Jim Cramer on his program "Mad Money" on CNBC.
Brendan Kennedy has introduced his Canadian cannabis business as a smart cover for the world's largest pharmaceutical companies.
"Cannabis is a substitute for prescription painkillers, prescription opioids, and if you're an investor in a pharmaceutical company or a pharmaceutical company, you have to protect yourself from cannabis substitution," Kennedy said. Cramer.
Tilray's shares jumped more than 90% in intraday on Wednesday, causing the stock to stop several times during the session.
Kevin Curran of Real Money pointed out that even some of the most optimistic analysts were struggling to keep up with minute-by-minute movements.
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5. – Jack Ma returns the commitment of 1 billion jobs in the United States
Jack Ma, founder and chairman of Chinese retail giant Alibaba Group Holding Ltd. (BABA), has brought back its promise to create 1 million new jobs in the United States.
"This promise was based on friendly cooperation between China and the United States and reasonable bilateral trade relations, but the current situation has already destroyed this base," Ma said in an interview released Wednesday by the US. Xinhua agency. "This promise can not be completed."
A spokeswoman for Alibaba confirmed Ma's comments to CNN.
Ma made her promise in early 2017 after a meeting with Donald Trump, who was president-elect at the time.
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