STOCKS/ECONOMY
-Stock futures are higher after a major rally for stocks to end last week. Some political moves are making a bigger impact than corporate news this morning for investors.
-The yield on the 10-year Treasury bond is at 4.26 percent.
-Gold is at the $2,883 per ounce level. Bitcoin is at the $92,900 level.
-Bitcoin has risen from the $80,000 level last week in response to President Trump's announcement that the U.S will create a strategic crypto reserve.
-Asian markets closed higher today, led by a 1.7 percent rally for the Nikkei. The Hang Seng rose 0.3 percent, and the Shenzhen gained 0.4 percent.
OIL/ENERGY
-U.S. crude prices are up and back to the $70 a barrel level.
-Gasoline prices are down to $3.09 a gallon, national average.
DEALS/NO DEALS
-Prada is reportedly going to buy Versace from luxury fashion house Capri (CPRI) for $1.6 billion. Capri shares are up 8 percent in the premarket. Prada shares are up 4 percent in European market trading today.
-On Semiconductor (ON) is reportedly looking to buy Allegro MicroSystems (ALGM). Allegro shares are up 17 percent in the premarket, On shares are down slightly.
CLEAN UP ON AISLE 4
-Kroger (KR) Chairman and CEO Rodney McMullen has resigned after an internal investigation into his personal conduct. No other details about that conduct were made available. Board member Ronald Sargent will serve as chairman and interim CEO, effective immediately. Kroger shares are down 3 percent in the premarket.
TARIFF WARS
-Chipotle (CMG) CEO Scott Boatright says the chain will absorb the cost increases it may incur due to new tariffs and not raise prices. Chipotle shares are up 2 percent in the premarket.
PIZZA PLANET
-Domino's Pizza (DPZ) is finally unveiling its own version of stuffed crust pizza more than 30 years after Pizza Hut came out with it. Domino's shares are up 2 percent in the premarket.
SODA JERKED
-Arkansas may soon become the first state to bar food stamp recipients from using that aid to buy soda, candy, and desserts. Shares of Coca-Cola (KO) and PepsiCo (PEP) are both down 1 percent in the premarket.
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