What was cooking before the bell?


Before Stock Market Opening Bell hot news and gossips

The hottest news is that the Trump administration recently released a list of 114 politicians and oligarchs and Russians feel it is an attempt against the current President of Russia, Putin.

As the news broke in and news world wide, the British pound slumped amongst Brexit concerns. The pound dropped by 0.67% against the dollar, especially after leaked UK government data revealed that the Britain could be at the worse off in the Brexit scenario.

Moreover, it is also reported that Dell will sell itself in a massive deal. Dell is thinking about a reverse merger with the famous VMware and it could become the biggest tech deal ever.

On the other hand, Blackstore also reported to buy a stake in Thomson Reuters. It is in the buy to buy 55% stake in the Reuters for over $17 billion. Moreover, Keurig Green Mountain is also reporting to merge with Dr. Pepper. The company reported that it is going to buy Dr. Pepper Snapple for $103.75 per share. As a result, the shares of Dr. Pepper increased 42%.

Bitcoin stock also announced a 91-for-1 split. Grayscale Bitcoin Investment Trust increased 5.88% on Monday after it announced that it is going for a 91-for-1 split which will make its shares more accessible.

On the other hand, Wynn Resorts has been hit very hard after it was reported that its founder was indulged in a sexual misconduct. The Casino giant’s shares dropped from 19% of Friday high.

It is also reported that stock markets around the world are lower. The Nikkei of Japan loss 1.43 percent in Asia whereas, the FTSE of Britain lost 0.51 percent. The S&P 500 is also expected to open 0.42 percent lower.

There are earnings reports that are going to come as well. McDonald’s and other companies are expected to report their earnings whereas AMD will also be revealing important data.

Overall, the sentiment with the US economic data is moderate. The S&P Case Schiller home prices and the consumer confidence will be revealed at 9 am and 10 am.