Market Movers, August.13th. Yield Curve Tightens

7:58am, Dow futures point to a 61 point decline

The yield curve is now only 5 basis points with the 10 year sitting at 1.64 and the 2 at 1.59

“China media says Hong Kong protesters are ‘asking for self-destruction’ as military assembles nearby”, CNBC reports

8:00am, VCTR is down 21% after missing on analyst estimates

CVET misses on estimates, down 28% on 24 000 shares traded at 8:12am

8:22am, Bloom Energy is down 18.7% on 146,474 shares after missing on analyst estimates. Click on the image fore the full report

8:25am, TME is down 5% on 241,764 shares after matching estimates, but disappointing on growth. Read more

8:35am, DCPH is up 126% on 1,041,771 shares after reporting positive top line results for INVICTUS pivotal phrase 3 study. Click on the image for the full report

8:38am, RKDA is following through from yesterday; up 4.8% on 386920 shares.

Avaya reports massive impairment, but beats on revenue. Net loss was $5.70 per share. Up 12% on 70,568 shares as of 8:46am

“Brookfield acquires mortgage insurer Genworth Canada in $2.4-billion deal”. Globe and Mail reports

“Village Farms International beats on EPS by $0.16, beats on revenue”, Cision reports. Up 10% on 104,668 shares as of 8:58am

DouYu International Holdings is up 8% on 132,786 as of 9:00am after report strong growth figured.

“Crescent Capital BDC, Inc. to Acquire Alcentra Capital Corporation”, businesswire reports

BEST Inc is down 12% on 43,012 shares after missing on analyst estimates. Read more

Advance Auto Parts misses analyst estimates, down 7.7% on 171,386 shares as of 9:14am. Click on the image for the full report

 Consumer Price Index rose 0.3% last month, CNBC reports

Yield curve spread has tightened since earlier this morning from 5 basis points to 3, 9:17am

10:35am, Dow up 494 points on 84,583,420 in trading volume after news that tariffs would be delayed until Decembers. CNBC reports

“US delaying China tariffs for some items including cellphones, removing other products from list”, CNBC reports

10:41am, Apple up 4.3% on 19,915,395 shares

Supreme Cannabis is up 13% in the morning on 666.619k shares

11:44am, Dow up 414 points on 130,970,361 in trading volume

““Frankly, we’d be surprised if ‘Tuesday the Thirteenth’ doesn’t go down in the history books as the day 30-year yields established record lows despite an ostensibly healthy domestic economy,” wrote Ian Lyngen, head of U.S. rate strategy at BMO Capital Markets”. CNBC reports

1:52pm, only 1.5 point spread on the 2 and the 10

Trump opines on Epstein Clinton connection. Link

“CBS and Viacom reach merger deal”, CNBC

“Oil Spikes As US Delays Tariffs On Chinese Goods”,

9:23pm, “China fixes its daily yuan midpoint at 7.0312 — stronger than expected”, CNBC

“Facebook Paid Contractors to Transcribe Users’ Audio Chats”, Bloomberg

Stay tuned for updates!

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