Yahoo Finance U.S. said to set 2025 target for China to fulfill trade pledges: Morning Brief
Thursday, April 4, 2019
Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe
WHAT TO WATCH
Constellation Brands (STZ) will be reporting fourth-quarter earnings ahead of the opening bell.
The company behind Corona and Modelo beer has been in focus after it announced that it would be investing in cannabis company Canopy Growth (CGC). The $4 billion investment was made official in November. Investors have been curious to find out how that investment and partnership has fared since then. On Wednesday, Constellation said it would sell about 30 of its low-end wine and spirits brands to E. & J. Gallo Winery for $1.7 billion.
Analysts polled by Bloomberg are expecting Constellation to report earnings of $1.71 per share on $1.73 billion in revenue. The earnings conference call is scheduled for 10:30 a.m. ET.
TOP NEWS
U.S. said to set 2025 target for China to fulfill trade pledges: The trade deal that the U.S. and China are crafting would give Beijing until 2025 to meet commitments on commodity purchases and allow American companies to wholly own enterprises in the Asian nation, according to three people familiar with the talks. [Bloomberg]
Also: Trump to meet China's Liu in a sign trade talks are reaching final stages [Bloomberg]
Tesla deliveries drop due to shipping challenges: Tesla Inc. (TSLA) deliveries fell 31% in its first quarter as the electric car maker struggled with its first shipments of the Model 3 sedan to Europe and China due to longer transit times. [Reuters]
Nissan ex-chief Ghosn arrested again: Japanese prosecutors arrested ousted Nissan boss Carlos Ghosn again on Thursday on suspicion of trying to enrich himself at the automaker's expense, in a stunning twist for an executive who has called on the French government for help. [Reuters]
Tradeweb raises $1.1B in year's No. 2 IPO in U.S.: Tradeweb Markets Inc. raised $1.1 billion in the second-largest U.S. initial public offering this year, after again increasing the number of shares it was selling and then pricing them above the marketed range. [Bloomberg]
Amazon cloud storage dilemma exposed in Facebook's latest leak: More thsn 500 million pieces of information, such as identification numbers, comments, reactions and account names, that had been culled from Facebook (FB) pages and stored on Amazon (AMZN) servers by Mexico City-based digital platform Cultura Colectiva. The records were accessible and downloadable for anyone who could find them online, and they didn’t get taken down until April 3, after Facebook — alerted by Bloomberg News — contacted Amazon. [Bloomberg]
MORE FROM YAHOO FINANCE
America's CFOs expect a downturn, but not a recession: Study
Slack ends mandatory arbitration for sexual harassment claims
Trump won’t close the southern border
Dollar Tree is sitting on a secret pile of cash
Why it’s a good thing that Apple’s 5G iPhone won’t come until 2021
To ensure delivery of the Morning Brief to your inbox, please add newsletter@yahoofinance.com to your safe sender list.
Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn,YouTube, and reddit.
