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Dow on track for Day 10 of record-setting gains

Stocks (^DJI^GSPC^IXIC) are rallying at the midday mark, with the financial (XLF) sector leading the way and the real estate (XLRE) sector still in the redAlan Valdes, director of floor operations at Silverbear, joins us live from the New York Stock Exchange. To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance’s Rick Newman and Thomson Reuters markets reporter Dion Rabouin.

Today, on Midday Movers we discuss:

  • President Trump falls for #NicoleMincey scam
  • Dow gunning for 10th record high close
  • Disney earnings out after the bell
  • Saudis pledge more crude oil cuts, yet crude prices fall
  • Microsoft’s LinkedIn links with Samsung’s Bixby
  • JPM Chase eliminates instant debit card replacement
  • Transforming dead malls into distribution centers
  • Amazon to produce ‘I Love Lucy’ biopic
  • What You Should Know About NetLink NBN Trust’s Competition and Growth Ahead
    Finance
    Motley Fool

    What You Should Know About NetLink NBN Trust’s Competition and Growth Ahead

    A look at NetLink NBN Trust’s (SGX: CJLU) competition and growth.

  • Finance
    Reuters

    Top uranium producer Kazatomprom may sell 25 percent stake in London/Astana float

    The global market for IPOs has been hit by recent turmoil in financial markets, prompting a number of companies to put listing plans on hold. State-owned Kazatomprom, which accounts for 20 percent of global uranium production, hired JPMorgan last year as lead adviser for a London listing planned for

  • IndusInd Bank second-quarter profit rises 4.6 percent
    Finance
    Reuters

    IndusInd Bank second-quarter profit rises 4.6 percent

    (Reuters) - IndusInd Bank Ltd posted a 4.6 percent rise in second-quarter profit on Monday, helped by higher interest income.

  • 'Genius' behind 'Teletubbies' in new go-to-sleep kids show
    Style
    AFP Relax

    'Genius' behind 'Teletubbies' in new go-to-sleep kids show

    "Teletubbies" creator Andrew Davenport has come up with a new show "guaranteed to stop children climbing the walls", BBC bosses claimed Sunday. Davenport, an actor and puppeteer known as the "J.K. Rowling of the under-fives", also wrote and made the worldwide hit "

  • Finance
    Reuters

    Euro zone bank rescue fund will hold nearly 33 billion euros in 2019, official says

    The euro zone's fund to rescue failing banks intends to hold nearly 33 billion euros (29 billion pounds) in 2019, up from 25 billions this year, the head of the agency that manages the fund said on Monday. The move is in line with plans to gradually increase the Single Resolution Fund to at least

  • German growth seen slowing in third-quarter on car registration bottlenecks
    Finance
    Reuters

    German growth seen slowing in third-quarter on car registration bottlenecks

    BERLIN (Reuters) - German growth is likely to be slower in the third quarter, the Economy Ministry said in its monthly report on Monday, citing as a reason bottlenecks in the car sector stemming from the introduction of new pollution standards known as WLTP.

  • Global stocks slip on continuing global trade worries
    Finance
    Associated Press

    Global stocks slip on continuing global trade worries

    Global stocks slipped Monday as investor worries continued about global trade tensions and prospects for economic growth. KEEPING SCORE: France's CAC 40 lost 0.3 percent in early trading to 5,079.25, while ...

  • Property speculations may be curbed by preventing pre-sales of private homes before completion
    Finance
    iCompareLoan.com

    Property speculations may be curbed by preventing pre-sales of private homes before completion

    A letter writer to the Straits Times forum page has asked authorities here to consider policies which will put an end to the practice of selling private apartments before they are finished in order to curb property speculations. The letter writer, Sum Kam Weng, asked the Government to consider measures

  • Oil prices rise on Saudi tensions; demand outlook drags
    Finance
    Reuters

    Oil prices rise on Saudi tensions; demand outlook drags

    Crude oil futures rose on Monday as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked supply worries, though concerns over the long-term demand outlook dragged on prices. Benchmark Brent crude oil jumped by $1.49 a barrel to a high of $81.92 before slipping to $80.83

  • Finance
    Reuters

    German growth seen slowing in third quarter on car registration bottlenecks

    BERLIN (Reuters) - German growth is likely to be slower in the third quarter, the Economy Ministry said in its monthly report on Monday, citing as a reason bottlenecks in the car sector stemming from the introduction of new pollution standards known as WLTP.

  • Oil prices rise on Saudi tensions; demand outlook drags
    Finance
    Reuters

    Oil prices rise on Saudi tensions; demand outlook drags

    Crude oil futures rose on Monday as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked supply worries, though concerns over the long-term demand outlook dragged on prices. Benchmark Brent crude oil jumped by $1.49 a barrel to a high of $81.92 before slipping to $80.83

  • AWARDS: The Venue Residences lauded for sustainability efforts
    Finance
    EdgeProp

    AWARDS: The Venue Residences lauded for sustainability efforts

    Situated on Tai Thong Crescent, The Venue Residences and Shoppes is bounded by Upper Serangoon Road, MacPherson Road and the Pan-Island Expressway (PIE). The mixed-use development — comprising 266 residential units and 28 commercial shop lots — draws footfall throughout the day, and is aptly described

  • Finance
    AFP

    Japan unveils sales tax hike

    Japan on Monday announced a much anticipated sales tax hike in 2019 to address the nation's huge public debt, despite warnings it could hobble growth in the world's third-biggest economy. The point-of-sale tax will rise from eight percent to 10 percent from October next year as ageing and heavily

  • Superdry shares tumble after profit warning
    Finance
    The Telegraph

    Superdry shares tumble after profit warning

    Superdry has fallen out of fashion with investors as shares slumped 22pc to £7.90 in early morning trade after it warned its profits for the year will be £10m less than expected due to “unseasonably hot weather”.

  • Finance
    Reuters

    Italy government meet on budget ahead of cabinet - government source

    ROME (Reuters) - Italy's government will sit down to discuss details of the 2019 budget on Monday ahead of a cabinet meeting scheduled for the evening that is supposed to approve the spending bill, a government source said, confirming media reports.

  • European shares fail to rebound, risk-off mood prevails
    News
    Reuters

    European shares fail to rebound, risk-off mood prevails

    European shares failed to rebound on Monday after their worst week since a correction in February as a flurry of threats such as trade wars, rising U.S. yields, a slowdown in China, Brexit and the Italy/EU budget row continued to weigh on markets. For European bourses there was no wind of optimism from

  • This week in video game trailers: 'Creaks,' 'Stardew Valley' mobile, 'Overwatch' Halloween event
    Style
    AFP Relax

    This week in video game trailers: 'Creaks,' 'Stardew Valley' mobile, 'Overwatch' Halloween event

    A shadowy adventure emerges in the debut trailer for "Creaks," "Stardew Valley" prepares to land on iOS, and "Overwatch" gets its latest seasonal celebration underway, while the hardships of robo-warfare reign in March 2019's "Left Alive," and "The Light

  • Finance
    Reuters

    Casino poaches French supermarket chain with franchise contract

    French retailer Casino said on Monday it had signed a franchising contract with a small chain of French supermarkets to extend its reach in the Paris region and boost revenue as it grapples with large debts. Under the deal, the 12 supermarkets operated in the Paris region by the Quatrucci family under

  • Villainous 'Venom' again rules in North American theaters
    Style
    AFP Relax

    Villainous 'Venom' again rules in North American theaters

    Sony's superhero film "Venom" held onto the lead this weekend in North American box offices, again followed by last weekend's No.2 "A Star Is Born," industry tracker Exhibitor Relations reported Sunday. "Venom" took in an estimated $35.7 million for the three-day

  • Spanish oil company Cepsa postpones bumper IPO, blames market rout
    Finance
    Reuters

    Spanish oil company Cepsa postpones bumper IPO, blames market rout

    Spain's Cepsa postponed what would have been the largest oil company listing in a decade on Monday, the latest IPO to succumb to a global sell-off in equity markets. Cepsa's owner, Abu Dhabi state investor Mubadala, had planned to raise about 2 billion euros (1.8 billion pounds) by selling 25

  • At IMF meetings, China's globalisation agenda left behind in trade debate
    News
    Reuters

    At IMF meetings, China's globalisation agenda left behind in trade debate

    Three days before U.S. President Donald Trump took office in January 2017, Chinese President Xi Jinping portrayed Beijing as the champion and defender of globalisation at the Davos World Economic Forum amid rising fears of trade protectionism. A few months later, as Xi launched a forum on China'

  • India hopes to finalise partners for strategic oil reserves within a year
    Finance
    Reuters

    India hopes to finalise partners for strategic oil reserves within a year

    NEW DELHI (Reuters) - India hopes to forge partnerships with private players to build out its strategic petroleum reserves within the coming year, the head of Indian Strategic Petroleum Reserves Ltd (ISPRL) said on Monday.

  • Finance
    Reuters

    Greencore sells U.S. business for $1 billion

    Greencore Group, Britain’s biggest sandwich maker, on Monday said it had sold its U.S. business for just over $1 billion (763 million pounds), two years after it made a major acquisition in a bid to transform its U.S. operations. In 2016 it purchased Illinois-based Peacock, which produces frozen breakfast

  • Saudi-based ICD halts plan for $1 billion fund with IL&FS
    Finance
    Reuters

    Saudi-based ICD halts plan for $1 billion fund with IL&FS

    The Indian government took control of IL&FS this month after the infrastructure financing and construction company defaulted on some of its debt obligations, sparking fears of wider contagion in the country's financial sector. In January, the ICD signed a shareholder agreement with the private equity